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Home My WebLink About2239S .. Southeast. Bank Consumer Loan Note and Security Agreement Southeast First National Bank of Ft.Pierca ~ Fla. tArta~~re- The words 1, ms and. my mean the borrower and anyone else who signs. he words you and your re er to the out east auk shown above. r. .-. ~ - ~ _ Borrower's Name Gary J. br Nancy E. Steele Address 2709 Robin St. , Ft.pierce, Fla. Oate 12/9/80 Tttis rs the ayreement that covers my loan with you. I understand that anyone who signs this agreement wtll be legally respOnsrble itugether and Individually) for repaying the total amount owed. unless they are only signing to gwe you a valid security interest.- Promise to pay. To repay my loan. 1 promise to pay you the total of payments shown in Item 1 1 below in 120 monthly ii~stalrnents of $ 372.04 each I'll begin making payments on Dec. 26, .1980 end will continue to pay on the same day each month until the loan is paid to full I'll make payments In person or by mad at the office you sp~crfy _ Here's a breakdown of my loan: Property Insurance. I will keep the property securing this loan t. Amotu,t 1 received y~3,000.00 ` ,neared against loss or damage 1 understand that I may purchase flits 2 Appraisal tee ~a insurance through you. m which case the cost and term wdl appear ,n (For Real Estate Loans only) the loan breakdown 18 A b 8i or from anyone else 1 choose Either 3 Recording fee 4 Optional credo life msuranCe 5 Optional credtt drsabdrty - ,nsurance 6 Stamp Wx _ :__.:_ : , 7 Other charges (explain) _ g_IIS - --._.~- s.,~ - : 34.65 - - .V - - - S ~ v:ay III make the policy payable to you II I don't keep rt insured or pay premiums on time you can pay them for me or cancel the policy and get uisurance elsewhere. If you do purchase such rusurance elsewhere. you can select rusurance which . pcatQC:s only yow interest ,n flip-coltaterat Os which protects-rem--.=• --i:terest and youTinteiesl: an rn ei er case t wrti~ pay'for any "' _ p;ernrums you advance with rntetest computed at an ANNUAt,~,,,,,, _ - PERCENTAGERATEoi 18'X. - --" ~`" . _ `~ . 8 9 t0 it Property rusurance rsnowaemwm.t r.nanced rnro„ar, nanlrl A Flood insurance S na for months B r'hysrcal damage insurance S n8 _ for months Amount financed (l thru 8) S 23~E 34.65 FINANCE CHARGE g 21,610.15 made up of: A Interest ..... S 21,560.15 B Prepaid FINANCE CHARGE-S X0.00 (Processing Feel Total of payments 19• 101 S ~+a ~• $0 ANNUAL PERCENTAGE RATE 15.03 00 NOTE: Items 2 through 8 above are expenses the Bank must pay to _. thud parties- - ` - Credit Insurance. I understand that I don't have to take out credit Irfe msuranCe Or credrt drsab+hty insurance to qualify for flits loan But rf want I can purchase flits rusurance through you. purchase rt from ;orneone else I choose. or assign an existing policy 1 want the ~rsurance checked below for the term of this loan Credit Irfe insurance on Borrower's life alone at the cost shown in item 4 .(Maximum allowable term is 10 years). . ~ credrt disability inwranca on Borrower (First named babwl at the cost shown in'item 5. (Maximum allowable term is 5 years). • O Jo+nt credit life insurance on Borrower and Co-Borrower's life at the cost shown in item 4. .. Borrower's _ S~gnarure ' ' - (date) Co-Borrower's r•%•f ~. Signature _ teeter -~ Real Property..O tit checked here) 1 am giving you a separate Cross out one) {Mortgage - Agreement Not to Encumber or Transfer Property to secure this loan On property k>,.ated at (Address d entumben0 orooerttrl YQu have already given rile the required Notice of Right of Resclssrat. understand this means I have three 131 business days to change my mind and cancel this loan I understand that you will start charging me interest on 19 Additional agreemenri and provisions on reverse sides. 1 have read the additional agreements and provisions on the reverse side of this agreement and 1 urxferstand and agree to them. Right to prepay loan. 1 can prepay the entire balance of my loan at any time. If I do. you will refund a ptxtion of the FINANCE CHARGE figured by the win-of-the-digits method Is commonly used formula for figuring refunds on instalment loansl. But you won't refund any part of the processing feet Iltem 1081. Late payments. If I haven't paid an instalment within 10 days of the date its due. I'll pay a late charge equal to S'X of the overdue rnsralment but not more than S5. This charge will not apply to loans over S50.000. Collection costs. I'll pay any collection costs. including reasonable attorney's tees. rf you take collection action Entire balance due. If 1 don't pay an rnsralment on trine or it 1 break one of my promises under flits agreement. you can require me to pay the enure balance of my loan iless the refund of FINANCE CHARGE ro whrctt f would be enntled m the event of prepayment) at once without noafyrng me m advance You can also do flits d miss a payment on another debt I owe you. made misleading statements on my applrcatron. become involved rn bankruptcy Or insolvency proceedings. or die Security. To protect you if 1 fart to repay this loan. I give you as collateral a "security interest 'under the Florida Uniform Commercial Code rn the following property along with any replacement parts. additions or equipment anached to it which 1 own, plus any proceeds. return premiums and rebates from any credit inwrance or inwrance on the property securing this loan t also understand [hat this loan will be secured only by the collateral described below regardless of any security provisions that may appear rn other loans I may have with You -^~i,' Part of an unnumbered lot in Block 1, of M.E. Goldt~th's addition, according to the plat thereof as recorded in Plat Boole 2, p+~ge 6, a as taAre partigilarly described as follotrs : j thence 8. along the N. line of Orange Ave., 150 foal to Pta"d of Br3ginn~.+g and from g id p1AoQr of beginning stn lt. along the E. line of Lot 3, of staid $1pCjr~,y'i d~atsnnw of 7SSfs~.t~ ~nea + run B. 65.14 feet, thetas rt~n S . a distance o~ 1 SS fates tt~ens•s rrn lr~._ 6S facet to tlt.s ~l s.ns ~ Beginning. ~ $ -- ~ Y a i ~ If this box rs Checked. rs signing this agreement only I ~ ro give you a valid security interest and will have no personal legal responsibility on the loan 1 understand that this agreement, and if checked above. a document encumbering real property, contain all the terms and conditions covering my loan. If any Fart of either of them is unenforceable. the remarnrng parts will remain valid. I've read this agreement and acknowl a that a fully comptetedi. of " as furnished' to• me befo e I signed iL. ~. y __ .:. ` ~ f `• ~ ~' ~' ~ ~-~,`C"= ~ ~r ~ ~'` 'Caen ti. r Gary ~ GR~A ~ r ..gteala ~ x,.~ ,4 ~: - ' ,~J :~= .~ ~. ^ ^ BOOK P«GE .~--...,~,,~,~;~;,. • ;~~;,~~ . - ~ ~",a