HomeMy WebLinkAbout2972• --
INSTALLMENT PAYMENT NOTE "''~'"'~'ein1c
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in thi: note, the words I~ ME, MINE and MY mean each and all of those who swn it. The words YOU, YOUR and YOURS mean:
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(Nam~O ~nk~ __~~~.
Termt of R~psym~nt I~sunna on Collat~nl
To repay mY ioan, ~ aomi~ to wv y~+S ~4 #901.60 1 und~~stsnd 1 will hsve to keep the collstenl fully inwred against
~ Fourteen thousand nine hundred one ~oss a damaye. l may obtain this cuve~age throuyh any person of my
Md 60/ 100 ---------------~___~_______ doilsrs). ~oia. lf 1 fail to provida insurance, you msy obtain coverage to pra
60 tect your security interest. passing the cost oi premium: o~ to me, plus
I'I I psy this amount at o~e of your offices in ~ totsl of
60 inte~est at a ~ste not to exceed the annual pe~centage ~ate of this note.
psymenK of
monthly installments, oonsistinp of
S -248. 36----- Qe~, ~~ one fins176~ps Y~nt of I.at~ Chs~~e
S -a . Paymentt will be due on the 5th day oi If I don't paY any installment within 10 daYS ot the day +t's due, 1
each mo~th beginning on Febtuary S, 1981 will have to psy s late charge of 5% of the Iste. o~ unpaid installment.
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t. Loan Proceeds IAmount 1 ~eoeive) = 10,000.00 u,t~, Psrtial, o- Ine~ular Psyments
2. Florida Documentary Stamp Tsx s 15.60 y~ Gn soapt late payments o~ partial payments, and you will not~
3. Credit Life Insuranae S -~- bse any pf your riphts under this note or the law. You can also delay
4. Credit ~~~ Report s 50.00 ~forcing a~y of your ~ights under this note without losing those
5. Other I"iort$at~ee Title Ins. = 13S.00 ~ights. Should ( tail to meet the responsibilities 1 fiave under this
6. Other Apprsissl = 85.00 ~te, 1 undeatar~d that u~leu 1 am excused trom that responsibility
7. Other Intan~ible T~ s 20.00 ~n w~iting by you, you will not lose any righu you may have against
8. Other Recording, Fees s 20, 00 ~~ the note.
9. Amount Fina~ced ~sdd 1 thru 8) S 19-325.60
10. Acquisition Fee Z -a
l t . Other S -a
12.Othe~ ~ -Q'
13.Interest = ~576.00
,4.FINANCE CHARGEc~~o~,~,~-s 457~
15. Totat of Pay~ts (sdd 9& 14) S 14 ~901 _ 60
~s. ANNUAL PERCENTAGE RATEis.so ~
THE {NTEREST RATE CHARGED iS AUTHORI2ED BY CHAP-
TER 656.17, FLORIDA STATUTES.
Credit Lif~ Inswsnd snd Ditsbility Insuranot
^ Gedit LifeJDisability ~Insuranoe IS required for this loan ISee
itemized fin~ charge).
a Credit Ufe/Disability Inwranoe IS NOT required for this loan.
NO charge is R-sde for aedit insurance and no txedit insunnoe is
provided unkss 1 sign and date the appropriate st~tement below:
a) The oost of Gedit Life Inwrance alone for
the term of the credit will be S -~
b) The oost ot Gedit Life and Disabi{ity lnwr- !
ance for the term of the aedit will be S ~a ~
I desire Credit Life _~ Nf A
Insu!ance Only
(t)~ts) (s~ynatur~)
I ~lesire Credit Life _a N/A
i nsurance Only
(DSt~) (s~pe~tu.~y
~ des~re Gedit ~ite and _a N/e
Disability Inwra~Ce
( t~ ry+9natun-
Collateral for th~ Losn "
As collateral for this loan, I give you a security interest in the follow-
ing prOPe~ .
A rea estate mortgage on Lot/6
Block ~~5, Unit ~i, Yort 5t Lucie,
St. Lucie County, P~or~.~a
a~d any accounu or securities or other property of mine thst comes
,nto Vour possession' at any time while this loan remains unpaid, snd
a~y money refunded or payable by any insuranoe company that in-
su~?s the collatersl sgainst loss. ('Possession means-dsposited with
tt,e bank in any form, wch ss checkiny, savinps, or collatenl vsult.)
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H~now~r Slyn~tur~
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Ri~ht to Pr~pay Loan
1 msy prepay tt~e ios~ at any t'sme. l t 1 prepay the losn in full, w if the
toan is refinsnad that is; rap{aced by s ~ew note-you will refund the
unea~ned i~te~ett a~d any unearned Gedit Life or Disability prem-
ium, figured by the rule of 78's-a commonly used formula for figuring
rebate: on installment Iwns. However, you won't make any refund of
less than ~1; snd you won't refund any part of the scquisition fee.
Oefsuit ~'
1 w+ll be in default:
1. If I don't pay an installment on time;
?. If 1 fail to meet any responsibilities which 1 agree to auume,or;
3. 1f you reasonably deem this note or the oollateral to which you
have a security interest in to be insecure.
If any of the above defaults occur, you can then demand immediate
payment of the balance of this note, minus refunds figured by the
Ru{e of 78's. You will atso have all other legal rights provided you by
the terms of this note or by the law, for instance, the right to ~e-
possess~ sell and apply security to the payments under this note and
any other debts I may then owe you.
1'~i~-'tri defdilt under this note and you demand full payment, 1
~,~o pay you interest on the unpaid balance at the annual rate of
.{f you have to we me, or tum my acoount with you over to
your attorney in order to oo{{ect what is owed you under this note, t
agree to pay your reasonable attorr-ey's fees and court costs.
Comsk~rs Coborrovwrs
Comskers are the same as ooborrowers and oosigners. If I'm signing
this note as a oomaker, l agree to be equally responsible with the bor-
rower, althou~ you may we either or all of us. You don't have to
notify me that tfiis note hasn't been paid. You can change the terms
of payme~t a~d release as-y security without notifying or releasing
me irom responsibility on this note.
^ ,~~ ~~.~
Ana~per of C-~dit
If someone other than the Bank has arranged thiscredit transaction,
iheir name, address and signature of their authorized representative
is as fotiows:
Arranger of Gedit:
Address:
Sig~sture of agent:
Copy R~air~d
The borrowe~ scknanrtedges ~eceipt of s complete{y filied-in copy of
~,;f ~a. s123ss
19$! .!r N -6 ~,4, ~ 12
2052 Allamanda Dxive
Aadr~ss . SLLIJCi~~ jY~ilA.
• RoGER r~~r~rns
°ort St. Lucie. Fl. 334~~~-~ c~RC~u~ cG~~~r
AOOrNt '
~3~:5 P,~2971 - ~ - --
Add~ess