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Home My WebLink About2297 .~ .,• :• ~ ," Scuthe::st bank .~~w!y.t.n i"S.a'.•:.•-; \i•~~\': a:-` ".~ •-~r.r,•,r ... ,•. ~•t''~•Yx~+t. Consumer Loan Note and Security Agreement T ii, %;;,~~• 2S•OQ9A ~ Southeast Southeast ~'irst National Bank of Ft.Pierca _ Fla • IAlhdaul ._ ,_, - Tne words !, me and my mean the borrower and anyone else who signs. he words you and your re er to the .. outheast ank snows above. _ _ _ __ - a:,rrower's Name Latirreace D. & Paulette T. BurgesAddress 6101 Sttnflet Blvd. , Ft.Pierce F a Dace 1 ~.~; +s the agreement that covers my loan with you. 1 understand that anyone who signs this agreement will be legally responsible ;u,arther and indwidually) for repaying the total amount owed. unless they are only srynmy to gyve you a valid secunty interest. Promise to pay. To repay my loan. I promise to pay you the total of payments shown in Item 1 1 below in 120 monthly ~.ssatments of S 221.93 each 1•II begin making payments on NOV. 29, .1980 end will cnnnue to pay on the same day each month until the loan is paid in full I'll make payments rn person or by marl at the office ~u specify Hare's a breakdown of my loan: ' amount I received S 14:000..00 iac;pra+;al tee S ~ _ ;For Real Estate Loans only) 3 Recordutg fee ~ Opt,onal credit hie +nsurance 5 Opaonal credit d+sabil+ty S~ S~ +n,u:ance S tab 6 Stamp tax S 21.15 Other charges (explain) Property Insurance. 1'w+ll keep the property securing this loan utsured aye+nst loss or damage I understand that 1 may purchase This uisurance through you. rn which case the cost and term will appear in the loan breakdown 18 A & 81. or from anyone else 1 choose Either way. I II make the policy payab~e to you 11 I rfon"t keep rt insured or pay premiums on time. you can pay them for me or cancel the policy anrf yet insurance elsewhere 11 you do tic,rchase such insurance elsewhere. you can select insurance which protects only your interest in the collateral or which protects my interest erica your interest. and in either case I will pay for any premuims you advance with interest computed at an ANNUAL PERCENTAGE RATEof 1876,. Right to prepay loan. 1 can prepay the entire balance of my ban at any time If 1 do. you will refund a portion of the FINANCE CHARGE figured by the sum-ot-ihe•digits method la Commonly used formula for figuring refunds on instalment loans). But you won't refund any part of the processing tear (item 108). S ~ 3 Property insurance istww Wem.um d hndnced tiuough Aankl A Flood insurance 5 t~ for months 3 Physical damage 9 t0 insurance .. S » Leta payments. H I haven't paid an instalment within 10 days of the for months date ii s due. 1•II pay a late charge equal to 57: of the overdue Amount financed I1 thru_81 5 14,021.15_ instalment. but not more than 55. This Charge will not dpDly to loans FINANCE CHARGE ~~ S-Y~~O~~S~~T~o~ei $50A00. ~ - ~ _ ~ r- mails up of: --- - _- - - - A Interest S 12 560.45 Collection costs. I'll pay any collection costs. including reasonable B Prepaid ~ Jr0.00 aRUrney s fees d you take collection action FINANCE CHARGES IProcessin Fee! __~ ___ - Total of oavments 19 i. t 01 S 26, 631.690 ANNUAL PERCENTAGE RATE 14.50 err„ Entire balance due. if ! don~t pay an instalment on time or if i break o,+e of my promises under this agreement. you can require me to pay flip entire balance of my loan Mess the refund of FINANCE CHARGE to which I would be entitled in the event of prepayment) at once without notifying me in advance. You can also d0 this if 1: m+ss a payment on another debt 1 owe you. made misleading statements on my application. hecome involved in bankruptcy or insolvency proceedings: or d+e NOTE: Items 2 through 8 above are expenses the Bank must pay to third parties. Credit Irtsursnee. I understand that I don't have to take out credit life ~r,s+.rance or Credit•disabihty insurance to qualify for this loan. But ii 1 ~.v3nt. I can purchase this insurance through you. purchase it from someone else 1 Choose. or assign an existing policy I want the ~~:;urance checked below for the term of this loan. Credit life inwranee on Borrowers life alone at the cost shown in item 4 (Maximum allowable term is 10 years). Credit disability insurance on Borrower (First named below) at the post shown in item 5. (Maximum allowable term is 5 years) Joint credit lire insurance on Borrower and Co-Borrower's life at the cost shown in item 4 '~ o r. rawer 5 ~~~narure (date! Co-f3orroviie •s S~gnajurel (date) Real Property. • C hf checked here) 1 am giving you a separate Mortgage C,ox out one} Agreement Not to Encumber or Transfer Property • ; secure tMS loan on property la:ated err • (Addrns or encumbered properhrl %~ ~, nave already given me the regwred Notice of Right of Rescission ~~te~stand this means I have three 13! business days to change my ~~ ^d and cancel this loan I understand that you will start charging ~nteroSt On 19 :+~ '+tioral a_rNmants and provisions on reveres side. 1 have read :• ~ addiaonal agreements and provisions on the reverse side of this ,areement and 1 understand and agree to them- Security. To protect you if I fare to repay this loan. 1 give you as collateral a •'secunty interesi- under the Florida Uniform Commercial Code in the following property along with any replacement parts. additions or equipment attached to it which I own. plus arty proceeds. return premiums and rebates from any credit insurance or insurance on the property securing this loan I also understand that this ban will be secured only by the collateral described bebw regardless of any security provisions that may appear rn other loans (may have with you. Second Mortgage: Lot 32, Block 70 Indian River Estates Uait 8, Plat Book 10, Page 73 s Recorded in Offical Book of St. Lucie Cot><nty, ~ FlOMaa s .J N W H d 8 'o A _J N a ~ I t this box is Checked- is sigrnng this agreement only I • ~ ~a:ve you a valid. security interest and wiN have n0 personal legal responsibility on the loan l__' I Gnderstand that this agreement, and if checked above. a document encumbering real property. contain all the terms ~ ~ci conditions covering my loan. 11 any part of either of them is unenforceable. -the remaining parts will remain valid. I've {}i r ~~:.: this agreement and ac wled that a fully completed copy of i as furnished t me ore I signed it. - R yr ~ 1 k, ,f •r.. ^ s' D rg ~t/l~~A) .~[''/~(~~ ' d: ~. .Ltt~'T'~Burgese-: ~-~_ "• r ~ ~. is ;~at . :-.*vr!',T~s '{H~~'"~:.I''• -}t '.4r: ter; 1, ,.. ~,.-: ~ _''~. ~{. . ~~... .-~