HomeMy WebLinkAbout1176' fNSTAIt.MENT PAYMENT NOTE '~ Or191na1.69nk
- GnuyyFfq
v
Pl~k•Cu~tom9r
Data December 4 , 19 80
In this note. the words 1, ME, MINE and MY mean each and all of those who sign it. TM words YOU, YOUR and YOURS mean:
Florida National t3a k of Martin Co ~n~y . SttLrt, FI ri ~ 3~a9d
{lvem• O ankl
Terms of Repaymattt Insuranq on Collstersl
To repay my k)ari, I promise to pay gout l5, 273.40 1 understand 1 will haw to keep the collateral fully inwred against
2 _ Ff fteen Thousand One Hundred loss or damage. I may obtain this coverage through any person of my
_ Seventy three and 40/100------- dollarsl. choice. if I fail to provide inwranoe, you may obtain coverage to pro•
i'It pay this amount at one of your offices in a total of 6r..i_ tact your security interest, passing the cost of premiums on to me, plus
monthly installments, cortsistirtg of - 60 payments of interest at a rate not to exceed tfte annual percentage rate of this note.
S 252.89 each, and one finalA>Mt>a~c payment of Late Charge
S -0- . Payments. will be due on the 9~h day of If 1 don't pay any installment within 10 days of the day it's due, 1
each month beginning on _~anuarv 4 , 1981 will have to pay a late charge of 596 of the late, or unpaid installment.
Here is the breakdown of my loan:
1. Loan Proceeds (Amount I receive) S 10.000.00 Late, pstt~, or Irregular PsymenU
2. Florida Oovementary Stamp Tax Z 16.20 You can accept late payments a partial payments, and you will not
3. Credit Life Insurance S 569.00 bse any of your rights under this note or'the law. You can also delay
4. Credit Disability Insurance S enforcing any of your rights under this note without losing those
5. Other Mortgagee Title insurance s 105.00 rights. Should I fail to meet the responsibilities 1 have under this
6.Other Intangible tax s 20.00 rwte, 1 understand that unless I am excused from that responsibility
7, O~~ Mortaaae recording fee s 13.00 in writing by you, you will not lose sny rights you may haw against
8. Other Service charge = 25.00 me ~ the note.
9. Amount Financed (add 1 thru 81 t 1~748.20 '
10. Acquisition Fee s
11. Other s
12. Other s
i 3.1 nterest j 4 ~ 44?~~
,4.FINANCE CNARGEtadd~othrux~s 4
15. Total of Payments (add 9 b 14i :15.173 _ 40
1s. ANNUAL PERCENTAGE RATE l~
THE INTEREST RATE CHARGED tS AUTHORIZED BY CHAP
TER 656.17, FLORIDA STATUTES.
Credit Life Inwrana and Disability Ittwrsna
Credit Life/Disability Insurance IS required for this ban (See
itemized finance chargel.
Credit Life/Disability Insurance IS NOT required for this loan.
!VO charge is made for credit insurance and no credit insurance is
provided unless 1 sign and date the appropriate statement below:
a1 The cost of Credit Life Inwrance alone for
the term of the credit will be S 569.00
b) The cost of Gedit Life and Disability Insur-
ance for the term of the credit will be S ~~//
I desire Credit Life
Insurance Only 12-4-80
(Oau) 9turt
I desire Credit Life
Insurance Only
ab) n~tun
I desire Credit Life and
Disability Inwrance
( • turn
Collateral for the Losn
As collateral for this loan, I give you a security interest in the follow-
ing property.
A real estate taortgage on Lit 12.
Block 3, Plat No_ 1, Beau Rivage Wear__
Sti. sucie County. Florida
and any accounts or securities or other property of mine that comes
into your possession' at any time while this loan romaine unpaid, and
any money refunded or psyaWe by any insurance company that in-
sures the collateral against loss. ('Possession means-deposited with
the bank in any form, wch ss I~teckirtg, savings, or collateral vault.)
~'t°~ Kenneth ~. Dixon
Right to Prepay Loan
1 may prepay the loan at any time. if I prepay the loan in full, or if the
loan is rofinanoad-that is, replaced by a new note•you will refund the
unearned interest and sny unearned Credit Life a Disability prem-
ium,figured bythe rule of 78's-a commonly used formuls~for figuring
rebates on installment loans. However, you won't make sny refund of
less than s1; and you wont refund any part of the acquisition fee.
Defauh ..
1 will be in default:
1. If 1 don't pay an installment on time;
2. if I fait to meet any responsibilities which 1 agree to assume,or;
3. If you reasonably deem this note or the ooliatersl to which you
have a severity interest into be insecure.
If any of the shove defaults occur, you can then demand immediate
payment of the balartix of this note, minus refunds figured by the
Rule of 78's. You will also have all other legal rights provided you by
the terms of this note.. or by the law, for instance, the right to re-
possess, sell and apply security to the payments under this note and
any other debts 1 may then owe you.
IL;~c~ Costs
f I'm i default under this note and you demand full payment, 1
agree to pay you interest on the unpaid balance at the annual rate of
1096. If you have to sue me, or tum my aolxwnt with you over to
your attorney in order to collect what is owed you under this note, 1
agree to pay your reastxtable attorney's fees and court costs.
Comakers Coborrowars
Comaken aro the same as aoborrowen and cosigners. If I'm signing
this note as a oomaker, l agree to be equally responsible with the bor-
rower, although you may we either or all of us. You don't have to
notify me that this note hasn't been paid. You can change the terms
of payment and release any security without notifying or releasing
me from responsibility on this note.
Arrsrtger of Credit
If someone other than the Bank has arranged this credit transaction,
their name, address and signature of their authorized representative
is as follows:
Arranger of Gedit:
Address: - --
Signature of agent:
Copy Received
The borrower acknowledges reosipt of a completely filled•in copy of
this note. •t a'l.•'~S~a~
1980 OTC -8 AN I~ 18
Aaar9ss
FILED l~ltf FlC6it0f 0
S1_LUC1E COJNIY.F~/l. .
Barbara R. Dixon
aulo~~~ r~
R~rrower 5!9^~~u~• Addr~tf
rt _