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Southeast Bank Consumer Loan tvotr anti Security Agreement }
~ 26-0097 .
southeast First National 6a~k _of Fort_ Pierce_______-_ -_--~~~9~ pigl~e,..__ Flit
_ _ _ _ inn,iw\ht -
The
wor
sdSd 1. me and my mean the honower and anyone else who signs The words you and your rolei
to the southeast BanM
shown above Or'bi a Dixon and '
Borrower's Name patril~ta~ixf>!n- Address 321. North 15t~St•, Ft.Piprce Date,~~20~;
This is the agreement that covers my loan with you 1 understand that anyone who signs this agreement will be legally responsible
Itogethar and individually) for repayutg the total amount owed. unless they are only signing to give you a valid security interest
Promisa to a . To repay my loan. I promise to pay you the total of payments shown in Item 1 1 below in monthly !
P Y
instalments of a~__~each I'll begin making payments on Nntt _ 2Q._ . 19-$Q-and wry'
continue to pay on the same day each month until the loan is paid in full I'll make payments in person or by mail at the oflicr .
you specify. _ _ - _ `
Here's a breakdown of my loan: - Property Insurance. 1 will keep the property securing this loan
1 Amount 1 received 5 ~~D.Q..QQ- n\sured aitamst lass or damage I undeistaiid that 1 may purchase this i
2 Appraisal lee S 11/d_-___ ulsurancr. U\roudh you. m which case the cost and term will appear in iE
(For Real Estate loans only) the loan bieakdown 18 A b Bl or from anyone else I choose. Either !
t way. I'll make the policy payable to you T
3 Recording tee S D/_a.- It t clan-t keep it insured or pay premwms on Unie. you can pay them
4 Optional credit 6fe - for me or cancel the policy and yet iisurance elsewhere If you do
insurance 5 Q~d purchase such insurance elsewhere. you can select insurance which
5 Optional credit disability - protects only yxu uNeiest In the collateral Or which protects my
• interest aexl your interest.. and in either case 1 wdt pay for any
insurance - ' ~ • ~a - p?emuul\s you advance with interest computed at an ANN UAL
5 Stamp tax S -¢;-2~- PERCENTAGE RATE of 18%.
7 Other charges (explain) - - - - - - -
Right to prepay loan. 1 can prepay the entire balance of my loan at
- 5 --~~a any time If 1 do. you will refund a portion of the .FINANCE
8 Property insurancelu.,/wi>•ema~n,,i i~~~,~,.••~+ u.„~,~~, i..+„kl CHARGE figured by the sum-of-the-digits method la commonly
A Flood_ insurance 5 --nla used formula for figuring refunds on instalment loansl. But you won't
for months refund any part of the processing tee; litem 108).
8 Physical damage -
insurance S ~ _n~a .Late payments. It 1 haven't paid an instalment within 10 days of the
for months date it's due. I'll pay a late charge equal to 5% of the overdue
• 9 Amount hnani:ed I 1 thru 81 5 _2 s704.20 _ instalment. but not more than 55. This charge will not apply to bans
t0 FINANCE CHARGE S 2,629.80 over 550,000. '
made up of - .
A Interest 2 579 84- Collection costs. I.11 pay any collection costs. including reasonable
s -
B Prepaid anonley s fees. if you take collecnon action
FINANCE CHARGE--g 5~•~Q----IProcessingFeel _ _ _
t 1 Total of payments 19 -f-101 S -5,34 QQ_ Entire balance due. If I don't pay an instalment on time or if 1 break
ANNUAL PERCENTAGE RATE - 15_.44_`k, cane nt my promises u
lamer this agreement. you can require me to pay
NOTE• Items 2 through 8 above are expenses the Bank must pay to the entiie balance of~my loan (less the refund of FINANCE
~ third parties. - CHARGE to which I ould be entitled in the event of prepayment)
~t once without notifying me in advance You can also do this if I.
Credit Insurance. 1 urxterstand that (don-t have to takeout credit life miss a payment on another debt 1 owe you: made misleading
insurance or credit disability insurance to qualify for this loan But if 1 statements on my application: become involved in bankruptcy Ot
want. 1 can purchase this insurance through you. purchase rt from insolvency proceedings. or die r
j someone else i choose. or assign an existing I>ohcy I want the - - - - - - -
insurance checked below for the term of this loan Security. To protect you it 1 tad to repay this loan. 1 give you as
D Credit• life insurance on Borrower's life alone at the cost shown in c-~Ilateral a '-security interest" •under the Florida Uniform Commercial
item 4. (Maximum allowable term is 10 years) Corte In the following property along with any replacement parts.
D Credit disability insurance on Borrower (First named below) at the additions or equipment attached to it which I own. plus any proceeds.
cost shown in item 5. (Maximum allowable term is 5 years) return premiums and rebates from any credit insurance or insurance i
nn the property securing this loan 1 also understand that this loan will
D Joint credit 1 insuranc n Borrows a d Co-Borrower's life at be sec„red only by the collateral described below regardless of any tt
the costs in it 4. ` seriirity provisions that may appear in other loans 1 may have with
Borrower' ~ You
Signat -
Idatel _2nd_mor_._gt age on real estate described -as
Co- orrower's -
Sig store --fdatel follows: Lot 23, Block 2, Prosperity Park,
Real Property. O lif checked heist 1 am giving you a separate Ac_c_o_rding to the plat thereof on file in
(Cross out one) f Matyage
Ayreemeilt Not to Encunnf>er or -Transfer Property . Plat BOOk 7, at page . 55, of the public
to secure this loan on property lo\.ated at _ - o
' .records of St. Lucie County, Florida. a
IAikMccc of ~,,,~undrie,l yuyw•r1\ i _ ~
You have already gwen me the recµn,ecf Notice of Right of Rescrsswn e
I understand this means I have three 131 business days to change my _ _
mind and cancel this loan 1 understand that you will start charging m
m~ interest on - 19- - - - ~
I Additional agreements end provisions on reverse side. I have read - ~ +
the additional agreements -and provisions on the reverse side of this
agreement and 1 understand and agree to them - -
? If this box rs checked. - _ _ _ _ _ . is signing This agreement only
• to give you a valid security interest and will have rlo personal legal responsibility on the loan -
t understand that this agreement. and it checked above. a document encumbering real_ property. contain all the terms
and cond ns co ring my loan any part. oi, either of them is unenforceable. the remaining parts will remain valid. I've
rea yre ent d ackno dge that a (u y completed copy of it w s to fished to me before 1 signed rt.
/ (seal Iseal?
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