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= S~utheast 6a~k
Consume~ loan Note and Security Agreement +
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~••~~.•~ 16-0109 .
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Southeast First .
National Bank of Ft.Pi~~ ~ ~~'~ ~ ~ :•~.'.~:':~?!~
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Tt~e wo~ds /, ms end my m IAlhtyt~! ~ ~~ ~,,
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ean the borrower and anyone else who signs. ~he words you and your ~ete~ to tt~a youtrsasst tisnk r
shown above ' . n
eorrowe~'sNameJack A. 6 Mary C. Mecca AddresQ022 Alamanda, •Pt. St.Luciet Fla. Oat.;;el41 `
Tt,~s ~s the agreement that covers my loan w~th you i understa~d that anyone who signs th~s aqreemQRi w~ti be legally respons~ble
1~o~~ether and ~ndwiduallyl tor ~epay~ng the total"amount owed, untess they are onty s~gn~ng to gwe you a val~d security inte~est.
Promise t~ pay. To repay my loan. I prom~se to pay you the total oi payme~ts shown in ttem 1 1 below in ~« monthly
~r~stalments oi S 969.88 ~ach 1'll beg~~ mak~ng payments on ~eb. 5. . 19..8? and will
conhnue to pay on the same day each month unt~l the loan ~s pa~d in tull 1'll make payments ~n person or by mad at the otiice
you speciry
H e.e's ~ breakdown of my loan:
1 Amount 1 rgcewed S 60.000.00
2 App~a~sal tee S na
i Fo+ ~iea1 Estate toans onlyl
3 Record+ng tee S ~
4 Opt~o~a1 cred~t I~fe
~nsurance S ~
5 Optional cred~t d~sab~l~ty
~nwra~ce 5 ~
5 Stamp tax . S 90.15
7 Other charges (expla~n)
5 ~
8 Property ItfStttaflC@ lslww urem~um d I~~.a~.cM througM fqnkl
A Flood insurance S ~8 -
for months
B Physical damage
~nsu~ance . a na
for months
9 Amount finanted (1 thru 8) S~r 09a. ~5 _
t0 fINANCE CHARGE 5 56.295.45
made up of:
A. Interest ....... S 56,2~i5.45
B Prepaid 50.00
FINANCE CHARGE•S (Processing Fee)
t 7 7o,a1 oi pa~msnts (9+ l0i g 116 , 385. 6Q
ANNUAL PERCENTAGE RATE 15.01 qb
NOTE: Items 2 through 8 above are eapenses the 8ank must pay to
third parties.
Credit Insu-sncs. I understand that 1 don't have to take out credit-~~~e
,nsurance or credit disab~bty insurance to quel~ty for th~s toan But ~( I
,rrant 1 can purchase th~s ~nwrance thtough yo~. pmchase ~t irom
someone else. I choose. or ass~gn an ex~s[~ng pol~cy 1 want the
~nsurance checked below fo~ the term ot th~s loan
~ Credrt Gte inwrance on Borrower's fife alone at the cost shown ~n
~tem 4_ (Maximum allowabie term is 10 yesrs).
C Cred~t disability inwrance on 8orrowsr (Fust named below) at the
cost shown in item 5. (Mazimum allowable te~m is 5 yearsl.
~ Jo~~t credit lite inwcance on 8wrower and Co-Borrower's lifs at
. the cost shown in item 4:
Bo~rower"5 ~~
S~qnature •
Idate) _
Co-8orrowei s
S~qnature _ . (date)
Real Property. O 1-f checked here) I am g~ving you a separate
!Cross out one) { Matgaga
Agceen+ent Not to Encumber or Transier Prope-ty
~o secure th~s loan on property b~.sted at:
IAddress o~ er+tun#red Woos~h~1
You have alresdy given me the required Notice ot R~ght of ResC~ssiu~.
~ understand th~s mearts 1 have th~ee i31 busi~ess daYS to change mY
m~nd and cancN th~s losn_ 1 understand that you w~ll start charg~ng
me interest On 1~ -
Additionst sy~NnMnts sed provisiwn on ~w~s~ sid~. 1 have rsad
the addrt~onal agreerrN~ts Snd ptovisiot+s on ihe reverse s~de ot this
agreement snd I unclerstsnd and sgree to them.
^ I( Ih~s box is theck~d. .+s s~gning th~s sgr~emeM onl~
ro g~ve you a vslid s~cunry inte-est and wd{ hsve no personal legal respons~b,lity on the losn.
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I understand that this agreement, and if checked above. a document encumbe~ing real property. contain sll ths terms
and candirtions cowting my loan. It any psrt of eithar of thsm is unenforceable. the remaini~g parts will remain valid. 1'vs
; ead thi reement ane! ack~owled~e that e tully Comp~eted copY ot it was tum~shed to me befors 1 signed it.
el- ~ ~Y 1/.~ ! ~.~J ~...
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ack A ~ecea " 0~(_~i 4([~1 ~ ~ ~, . 1las7 , ...~ ~
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Propert~/ Insurance. 1 w~li keep the prope~ty secuang th~s loan
~nsured ayams~ loss or damage I understand ~hat 1 may pu~chase th~s
~nsurance through you. ~n wh~ch case the cost and term wdl appear ~n
the toa~ breakdown IS A b B). or trom a~yone else { Choose E~the-
way. t'11 make the pol~cy payabie to you
It I don't keep ~t ~nsured or pay prem~ums on t~me, you can pay them
fo~ me or cancei the pof~cy and get ~~~wrance elsewhere. It you do
purchase such ~nsurance elsewhe~e. you can select +nsurance wh~ch
protects only your nite~est in the collateral a which protetts my
~nterest and your ~nterest. and ~n e~ther case I wdl pay for any
pTem~ums you advance w~th ~nterest computed at a~ ANNUAL
PERCENTAGE RATEot t8%.
Right to prepsy losn. 1 can prepay the entire balar~ce ot my loan at
any t~me It 1 doy ouu wi11 retund a portion of the FINANCE
CHAfiGE t~gured by the sum-of•the-digits method la commonly
used totmula tor f~guring retunds on instatment bans). But you won t
refund any part of the prOCessing teet litem 108~. ~
Late psymsnts. It 1 haven't pa~d an instalment v~nthin 10 ds~/s of the
date ~Ys due. 1'll pay a late charge equal to 6% oi tha overdue
~nstalment. but not more than S5. This charge will not spply to ioans
oves 550.000.
Collection costs- I'll pay any collect~on cosis. ~nc~udmg reasonable
attorney"s fees. ~f you take coltect~on action.
E~tire balanca due_ It I don't pay an ~nstafinent on time w if 1 break
one oi my prom~ses under ih~s agreement. You can require me to pay
the ent~re balance o~ my loan Iless the re(und of FINANCE
CHARGE to wn~ch 1 would be ent~tled in the event of prepayment)
at once w~fhout no~~tymg me ~n advance. You can also do this il 1:
m+ss a payment on another debt 1 owe you: made m+sleading
statements on my appl~cat~on. become involved in bankrupicy or .
~nsolventy prOCeedinqs. Or d~e
SecuritY. 1'o protect you ~t 1 ta~l co ~epay th~s loan. I g~ve you as
co~lateral a'~secur,ty ~nterest" under the Florida Un~form Commerciat
Coc1e ~n the fotlow~ng property along with any replacement psrts.
add~t~ons or eqwpment altached to ~t which 1 own. pius any proCeeds.
~eturn prem~ums and reb0tes trom any credit insuranGe Ot inw~ante
on the property secur~ng this loan 1 also understand that th~s ban will
be secured only by the collateral descnbed bebw regardless of any
secur~tY p~ov~sans that sray appear +n other bans I may have w~th
you
Lot 3, Block 135 of South Pt. St. Lucie IInit $
a s v s oa according to e at t6ereo~i~'n_
recorded in P 1 at Book 14, page 26 of the Public ~
I~,ecor~s o t, c e County, F o~ r~3a ~