HomeMy WebLinkAbout0209 - Southeast Bank Consumer Loan Note and Security Agreement
Suu~heast _.E3.rsL..-NAtiQnRL..fla>~i-of_El`..P~GS-._ _ - Fla
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. ~ words 1, me and my mean the borrower and anyone rise who signs The words you and your refer to the Southeast 6artk
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_trower s Name Robert W. & Sarah M. Schwerer Address 2705 Placid Ave., Ft.Pierce, Fa ~atril 10/80
. the ayreetnent that covers my loan with you 1 understand th.it anyone who Signs this ayn>ement wdl be lesflally responsible
• • :r„rr ant) mdtvtcfuallyl for repayir)g the total amowtt owed. unless they arp only sulnuty to !live you a vahd security interest
r't ~rnise to pay. To spay my loan. I prormse to pay you the total of payments shown m Item 1 1 below to 120 monthly
:.fttnents of S_~~1_rL~l.~._-each III hegut m~kuty payments on _.~eG~10.-__--.----- - . 1$0.--.-and will
::sue to pay on the same day each month unto the loan is paid :n full 111 make payments m person or by mad at the office
1 ~,ppraty
F;r•e's a breakdown of my loan: Preperty Insurance. 1 wdl keep the property securing this loan
Amount I rPCetved $ _2~,OQtJ. QQ_ _ insured against loss ur damage 1 understand that I may purchase this
u)SUrance through you ut wh,rh else the cost and term wdl appear to
~~u;,ra:•:al tee $ ~
~ For Fteai Estate L^aos o~~!yi u:e !oan breakcfuwn f8 A & BI ur from anyone else !choose Esther
way. I'll make the policy payable to you
Reco:f.!•ng fee $ na If 1 don't keep tt insured or pay prernwms on time. you can pay them
• Ontionai credo lire for me or canret the policy and get utsurance elsewhere It you do
:tt~u:ance $ II8 _ purchase such insurance elsewherw_ you Can select insurance which
^;)honal credo daabiltty protects only your tnterest u, the collateral or which protects my
uNRrest and your tnterest. oriel m either Case I ,,wll pay for any
r,,,uanCe $ _
30.15 pr. mturns you advance with tnterest computed at an ANNUAL
• :it:.tnp tax $ _ PERCENTAGE RATE of 18°i,.
O:ner charges lexplatni _
Right to prepay loan. I can prepay the entire balance of my loan at
_ S IIS any time If I do. you wdl refund a portion of the FINANCE
'~op?rty msyranCe +tM,w p•em.om d }.,•..n• wl S••~n.;•;t, t,,,.,L. CHARGE ltgured by the sum-of-the-digits method la commonly
4 Frood tn;urance S _tla-__- used formula for itgurtng refunds on instalment loans). Bu[ you won't
for months refund any part of the processing fee. Gtem tOB)
9 Physical damage _
u)su•dnCe $ _ -Il$_ late payments. If I haven't paid an instalment within 10 days of the
for months date its clue. I'll pay a late charge equal to 5% of the overdue
i:•,ourt fuianced t 1 thru 81 $ 20,030.15 instalment bu! not more than Sfi. This charge will not apply to loans
n FINANCE CHARGE g 17,339_._05__- Oyer Sy0,000
made up o` - - - - - - - -
A interest 17 289.05 Collection Costs. t 11 pay any collection costs. including reasonab?e
$ - :+ttrmwy S (errs tf
8 Prepaid - you take collechorr acuon
FINANCE CHARGE'S- 50.00 _ Ip,ocess,rgFee) _ _ _
• r-. • '7 359. ~C Entire balance due If I don't pay an instalment on time or tf 1 break
ANNUAL PERCENTAGE RATE __14.03__"., ;,n.• of my prom,ti~rs under Ihts agrerrrnent. you Can requue me to pay
':OTE: Gems 2 through 8 above are expenses the Bank must pay to rhrr enttra hatan,.e of my loan Mess the refund of FINANCE
thud parties CHARGE to ~:Fn,:h t woisld be entitled to the event of prepayment)
- at r,nce waht;,,t noufytng me to advanr_e You can also do this if I
~redit Insurance. I understand that I don"t have to :ake out credit life mss a t.•,•rme„t on another debt I owe you. made mtsleadtng
i • once or credit dtsabduy tnsuranCe to qualify for this Loan But it 1 v )tr~mrrnt5 nn my hppltCahon. become involved in bankruptcy or
I I can purchase this tnsuranCe through you. purchase tt from ,,..;,I~r,;;r:y p,i~. Fr.duuf: nr the
•~~one else 1 choose. or assign an existing policy t want the _
+,;nce checked below for the term of this loan Security. Tr) prrji,'f1 you if 1 fad to repay this loan. 1 gwe you as
C:?dtt hie insurance on Borrower's Gfe alone at the cost shown to r ni:at•••ai ~ s! :tatty nttereSt'~ under the Florida Urnform Commerctat
::em 4 (Maximum allowable term is 10 years) Gale cn the fottowuxl property along with any replacement parts.
Crodit disability insurance on Borrower (Errs[ named below) at the arfdtrtons o? equtpm.: tit attached to it which I own, plus any proceeds.
rprurn premwms and rebates from any credit insurance or insurance
I cost shown to item 5 (Maximum allowable term is 5 years)
on the properry sFCt,ring this loan I also understand that this loan wdl
Jot~t crr;dit bfe insurance on Borrower and Co-Borrower's life at hn secured or,fy Iry the collateral described below regardless of any
the cost shown in item 4 security provis+~n; that may appear to other loans 1 may have vi+th
••nw?r~g you
!mature
{date) Lot 14 sod all excr~pt the South 38 feet tueasured
a° U Pwer s at right angles of Lot 13 of Corso Courts , aso pe
Idatei _ Plat thereof recorded in Plat Book 12 at nafree~
- ?3 of the Public records of St. Lucie County,
~ropery. ~ hf- checked here) 1 am gtvtn5 ;ou a separate .a ,.-..r -x -
~,,,ss out oriel {Mortgage
Agreement Not to Encumber or Transfer Property ~
;~r,i,re this loan on property located at' a,
N
O
IAArlrrs5 of ef'tumblred propertYl ~
t~ 7v2 already given me the required Notice of Fttght of Rescisswn o
r~orst3nd this means I have three 131 business days to change my ~ -
ar•d r_arr_el tots loan I understand that you will start charging o
+nte•est on 19 m
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• t ayr., :..cents and provisions on rwsrss side. 1 have read (jRncn1(S o
a:ldtttonal agreements and provis+ons on the reverse side of this aU~j(3~tJ Q~~t J
' - .tt ~:td I understand and agree to them u'i
,tos box is checked. is signing this agreement only
::e you a vahd security tnterest and will have nn personal legal ?esponstbdiry on the loan
~t~itG toot this agreement. and tt checked at,ovti. a document encumbering real property. contain all the terms
.c..ca;con~ covering my loan. If any part o/f [her of them rs unenforceable, the remaining parts wdl remain valid I"ve
t.:., . ~er+t and ckn ledge 3 ly completed ~c.py of it was furnished to me before 1 signed it.
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~ (sea)l (seal)
R * 'ri Schwerer ~ *~Sarah M. 3chweret : ~ •
- _ ~ _ . =rf_~• . seal) • _ : !~~~?k s
• • W t.•~ _ ~ _
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