HomeMy WebLinkAbout1286 •-s,;;fit Southeast bank Consumer loan Note and Security Agreement r
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. Fla. .
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BoTrowsr~sNaeii~~_ Jo" J~~.'~8~`~' Address-`3106 Maravilla Blvd., ~.Ft: `Piero Cate'y'10/27/
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This is the agreement that covets my loan with you. 1 understand that anyone who signs this agreement will be legally responsible
(together and individually) for repaying the total amount owed. unlbss they are only signing to give you a valid security~tntPC,',rt.
Promise to pay. To repair my loan,..) promtee to pay you the total of paytfients ~f),own in Item 11 below in monthly
~nstatments of S l~s•91' each. I'll begin making payments on Nov. , . 19 ~ ~~~~nd will
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 office
,rou specify.
Hetre's a breakdown of my loan: Prope?ty Insurance. 1 will keep the property securing this. loan
t Amount 1 received S 10,000.00 insured against loss or damage. I understand that 1 may purthsse this
2 Appraisal fee S 10a insurance through you. in which case the cost and term will appear in
1 For Real Estate Loans only) the loan breakdown 18 A b 81. or from anyone else 1 choose. Either
IOa way. 1'11 make the policy payable to you
3 Recording lee S If 1 don't keep it insured or pay premiums on time. you can pay them
4 Optional credit life fOr me or cancel the policy and gt:t :risurancS t:lsewhar8 If yt3u diS
insurance . S ~ purchase such insurance elsewhere. you can select insurance which
5 Optional credit disability protects only your interest in the collateral Or which protects my
tt~ interest and your interest. and in either case 1 will pay /Or any
insurance S premwms you advance w:th interest computed at an ANNUAL
6 Stamptax S PERCENTAGE RATEot 18%.
7 Other charges (explain)
taa Right to prepay loan. 1 can prepay the entire balance of my ban at
S any time. If 1 do. you will refund a portion of the FINANCE
t3 Property inwraneelsnowwe~wm~t rrrWrtcett iiuougn t~niil CHARGE figured by the sum-of-the-digits method Ia commonly
A Flood insurance . S t~ used formula for figuring refunds on instalment loans}. But you won't
for months. refund any part of the processing feet (item 108).
B Physical damage
insurance S t~ Late payments. If 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 b% of the overdue
9 Amount financed (1 thru 8) 5 l0, 015.15 instalment. but not more than S5. This charge will not apply to loans
t 0 FINANCE CHARGE . _ . - - g 8,644.05 over Sfi0,1.W1).
made up of:
A Interest &,15~+.OS Collection costs. 1'11 pay any collection costs, including reasonable
f3 Prepaid S 50.00 attorney's tees. it you take collection action
FINANCE CHARGE-S IProcessi Feel -
t t Total of payments (9~-10) 5 ~8•~09• Entire balance due: If 1 don"t pay an instalment on time or if I break
ANNUAL PERCENTAGE RATE 14.07 % one of my promises under this agreement. you can require me to pay
NOTE: Items 2 through 8 above are exFenses the Bank must pay to the entire balance of my loan less the refund of FINANCE _
third parties- CHARGE to which t would be entitled in the event of prepayment)
at once without notifying me in advance You can also do this i/ I:
Credit Insurance. I understand that l don°t have to take out credit lile miss a payment on another debt I owe you: made misleading
insurance or credit disability insurance to qualify for this loan But if I statements on my application: become involved in bankruptcy or
want. I can purchase this insurance through you. purchase it from insolvency proceedings. or die
someone else I choose. or assign an existing policy. I want the
~n;urance checked below for the term of this loan Security. To p?otect you if I tail to repay this loan. I give you as
~ u Credit life insurance on Borrower's life alone at the cost shown in collateral a "security interest" under the Florida Uniform Commercial
item 4. IMaximum albwable term is 10 years}. Code in the following property along with any replacement parts.
Credit disability insurance on Borrower (First named below? at the additions Or equipment attached to it which 1 own. plus any proceeds.
cost shown in item 5. IMaximum allowable term is 5 years). return premiums and rebates from any credit insurance or insurance
on the property securing this loan 1 also understand that this loan will
Joint credit life insurance on Borrower and Co•Borrower's life at be secured only by the collateral described below regardless of any
11 the cost shown in item 4. security provisions that may appear in other loans 1 may have with
BO~rOYIP_?~$ YOU
S~ynatu?e
(date) Second Mprtga6e: Lot 5,6 and y, Block "D" of
cn Borrower's Mar ts. as reco e a a oo ~
Signature ~ o
Idacel Page 1, of the Public Records of St.Lucie
a
- County, F o a sa property aye rig i=
p ty. _ g g you a separate
Real Pro er ? li( checked here) 1 am ivin 8 frOIItag@ Of 150 feet On the east Side
ICross out one) {Mortgage of Maravilla B y a ept o€~ ee .
Agreement Not to Encumber or Transfer Property
1 to secure this loan on property k>,.ated at ~
A
r
1 (Address of encumDrred poperryrl eti
t You have already given me the required Notice of Right of Rescissron o
t understand this means 1 have three 131 business days to change my - ~
mind and cancel this loan 1 understand that you will start charging o
t -ne interest On 19 ~
Additional agreements and provisions on reverse side. 1 have read ~
the addrtionat agreements and provisions on the reverse side of this j '
agreement and 1 understand and agree to them vi
If this box is checked. is signng this agreement only -
c~ ywe you a valid security interest and will have no personal legal responsiMbty on the loan.
understand that this agreement. and if checked above. a document encumbering real property. contain all the terms
sort conditions covering my loan. If any part of either of them is unenforceable. the remaining parts will remain valid. I've
read flit agreement and acknowledge that a fully completed copy of it tivas furnished to me before (signed it
seal _ - seal)
f 1 1 .T_ _ 1
Anthony hn Brain sofa R. Brow ~
Isea11 8~~~ 1'~..L~-lam - (seal?
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