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=~~ Southeut 6ank ~°'` Consume~~Loan,No~jte arid `Secu~ity I-greement ~" •
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~•, ~ `~ Pirst National 8auk~o~1~t:Pi~rce~ 'i' . .'• ~~ ~' -,.}~•~' '~ .~'..~
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~,The words /, ir» and my_mesn t'ihe borrowsr and a~ycons.eirse_ who signs..~`he wo~ds ~ov ano ~
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shown above. • • ~ • . ~ ~ ~ •, ~~ . . ` • ~ ~
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Eor~ower'sName ~„B t_ b Bettie L. Kahler "~d~~ 5005 ~nset Blyd.. Fl;pi~rc~a Dats1 $1
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Th~s ~s the ag~eement that covers my toan with you. 1 understand ihat anyone who signs this ag~~.~~+~nt will be legally sible
(togethe- and ind~viduallY) ~or repaying the total amou~t owed. unless they a~e only signin~ .o ~~ve you s valid seCUrit intsrest.
Promiss to pa~r. To ~epay my loan, l prom~se to pay you the total ot pay~nents ~h~,nn +n 1 below in 1~0 mo~thly
~nscalments of 3 ~~1 each. I'll begin making payments on Feb.15 , ~g 81 e~ w;~~
cont~nue to pay on the same day each month until the losn is paid in full. 1' e payments in person ot by mail at ihe ottice
you specify. ' r
H ere's a br~skdown of my loan: Prop~rty I~qurance. 1 will keep the property securing this Ioa~
t Amount 1 received ......... S 8•454.00 ~nsured against loss o~ damage. 1 understand that I may purchsse this
ng '~ ~' ~nwrance ihrough you. in wh~ch case the cost and te~m will sppear in
2 Appra~sat fee . . . . . . . . . . . . . S .
(For Real Estate loans onty! ~~ ; , the loan breakdawn (8 A ae 81, o~ i~om a~yone else 1 choase. Either
way. 1'll make the policy payable to you.
3 Record~ng fee .._.... ._.. S~ If 1 don't keep rt insu~ed o- paY p-emiums on time. you csn psy them
C Optwnal c~edit Gfe ~ , iw me or cancel the pol+cy and get i~~wrance elsewhere. II you do
~nsura~ce . . . . . . . . . . . . . . . . . S ~ • ~ ~ . ~ . - purchase wch insurance elsewhere. You tan select ~~su~ance which
5 Optionat credrt disab~lity . . protocts only your interest in the collateral or which protetts my
• - ° interest and your inferest. . end in either case 1 will pay for sn~
~ inwcance . . . _ . . .. • - • • - - • - S ~ ~ prem~ums Y~ ad~ance with inte~est computed at an ANNUAL
6. Stamp tax . . . . . ..... . . . . . . S 12.75 • -• pERCENTAGE RATE ot 18%. ~'
7 Otfier charges texp{ainl ~~ ~ t ~~
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S~ ~ •
8. Property ~nwrance tsnow w.~m a n~„r~w~ in.a,qn ea~
A. Flood insurance . . . . . _ . S _.~04
for " months.
B Physical damage
~
msurance ............. S
for months
9. Amount linanced (1 thru 8- . . . : . . . . . . . . . S ~ -466. 75
t 0. FINANCE CHARGE . . . . .. . . . . . ... S 7,974.45
made up of: • -
A_ i~ce~es~ . . . . . . . . . . . . . . . s ~ 924.45
8 PrePaid SO,L.00
FINANCE CHARGE•S IProcessing Feel
> > total of payments 19+ 10) . . . . . . . . . . . . . . . . S 16r441. 20
ANNUAL PERCENTAGE RATE _ . _ . . . . . . . 15.08 y~,
NOTE: Items 2 through 8 above are expenses the Bank must pay to
. third psrties. .
Credit Insuranc~. I undarstand that 1 don't have to take out credit lite
~ns~rance or credit disability insurance to qualify for th~s loan But ~f 1
want_ I tan purchase this insurance thtough you. pu~chase it from
someone else I choose. or assign an existing policy. 1 want the
Ri~ht to pr~pay loan. 1 cs~ prepay tM entire bslance o~ my lo~n at -
any time. It 1 do, you will refund s portion oi the FINANCf
CHAitGE trgured by th~ wm-of-the-digits mstho¢ (~ oomnwnb _
used (ormula for tiguring retunds oe iastalment loans). But You wo+i t
refund any part of the processi~g feeG litem 1081.
Late psym~nta. If I haven't paid an instalmsnt ~rithin 10 dsys of ihe
date iYs due. 1'll pay a Iste charge equal to 6% oi the overdue
instalment. but not more thsn S5. This cha~gs wilf not apply to bsns
over s50.004.
Cotlection costs. I'II pay aoy collection costs, including reasonsble
attorney's iees. if you take collectio~ sction.
Entire batance due. if t don't paY an instalment on time or ii 1 break
o~e oi my promises under this agreement. you can require me to pay
the ent~re balance oI m~r losn (less the retund ot FINANCE
CHAAGE co which 1 wouW be ent~tled in the event of prepayment)
at once without nat~fying me in advance. You can also do this if I:
m~ss a payment on anbther debt 1 owe you: made mislead~ng
statements on my applicatan: become involved in bankruptcy or
msotvency proc~edings: or die.
~nsurance checked below for the term of th~s toan- Security. To protect you if 1 fail to repsY this ban, 1 give you as
^ Credit life inwrance on Borrowsr's lifs abne st ths oost shown in collateral a"secur~ty interest ' under the Florida Unitorm Commercial
~ itertt 4. (Maximum slbwabte term is 10 y~sn1• -~ ~._ Code ~n the following propert~ along with aoy replacement parts.
~"> ' - add~aons o~ equiQment attached to it which l own. plus an
Q:- C~edit disabitity inwrance on Borrower (F+rst nsmed bsbwl st ths Y~OC~s.
;•,'~ cost shown in item 5. (Maximum sllowsbls tKm is 5 yua~_ ~eturn premiums and rebates trorn any credit insuance o~ inwrance
,~~,r. on the property securing this loan. l slso undeatsnd ihat this losn will
'fiQ'tJoint credit life insurance on Bonower and Co-Borrower's lite at ~~ ~cured only by ihe cdlateral descnbed bebw regardless oi any
~+t!~'the cost shown in item 4. . ~ t~+ •:'-,; ~~` security provisions that may appesr in ott~st bsns 1 snay have with
, B S~O~fOw!'-~S . ' %~` :1~ ~i ^:f%:~ ~ t"'.t . : y0U_ . ; .. : • . .,~: '' 1Yr'3~1
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• ignature .:- •. ' -:•: ~._ .<. ~
.~S . . .. :c i yi ' ~~, ~16. Of IIa~9A
. „''~r, . . , . •.. ~:';4date} Y; : _7.ot 26 at~d Lot 27 l~or ock ~
~r~:~g~a •' . - " - . :r;::;'~~~!' '~~~ :~~ ~i.ver Sstates, Rccorded in O.x.3ook ~0, pa8e ~
~- - - . " _ . . ~:.'` ^:7}.Idst~t ~•. 75 of A~hli - Beco+~a af St Is~cie Couatv~ Fl°.
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. R M1. ~wp~~. O (if checked herel 1 am givin~ pou a sepsrat~ • . . "' ~ • ; : ~ ~ ~ ~ .~'t : ~ `' ~
+: ;~ . { Mortgage ~. .. .= ,. . _ : -, - .:~ ~ . . ' _,1~,,,,,y~~ , _ '~~,
.:~t,rass out one) ( Agrsement Not to Eawmbs~ a~~ntK P*opsrtlt . Y' ' ~.~ ,. z,~ r~
-1 ca s~curs th~s losn on prope.tr Io~:at~d st: .. . -s ~,;~; ~
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y'~ ~ .'' _ (Addr~ss o1 ~cu~~d ProO~M) _ • ~ , ~ . .~5.. ' .
,' You ~ave slresd~r give~ ms the requirad Notic~ ot Ri~t oi Rsscissio~. '~~ ,'.
1 unde~stsnd this mes+n I hsve th~ee (3) businsss dsys to cbsngs mY ~~ "~~ ~~ ~
mind snd csncN tha loa~. I undentand thst you wiN stut charging '. y~ •~~ ;~ `-
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~ , d4 ~OflM ~/N11N1~'S MI~ pf011~l~O/M 011 -MIr1~ ~. ~ ~1S1N fs~ • : ~ ~ ~ ! ' :-. ' r R
the idditiO~sl aq~eMNntf and ptOVisip~s oa t11e ~twtat sid~ Ot this . .", ,:.: ~' ..- .•-*'L,. ' .~.~.
~esnNnt shd I urdKStand and a~M to th~n. . .~
~ f tliis box is cMclnd. is sipninp thij aqr~++NN o~ ~.- '~ ~
i t~~'~ ~~ a Ya~ f~CYf1~ IfltAfA3t ~1d 1MIN ~tl'~ f10 pNl0~1~ ~i~ f~fpOfl11~1~' 011 ~ ~W~1- i" ' i+~ ~' i+
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r~tl~f3ta~ t11it tf11f ~fAA~T1eAl: afM' 1f• ChlC~C~ i~10VA, i dOCUff1N1t ~MCYfl1~ltifl~ 1'fi~ ~KY~i ~ri~~~ ~~~••. ~
~~ yc~'conditions ca'vering my losn_ If any psrt of aitt~ of tt~sm is u~(~o~osabl~. tfis ~ennaini~~g Pa+ts wiN nmaia v~alid. l've ..
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