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Home My WebLink About1127~ 514801 198~ ,1AN 2s .ti~ 9~ 30 PART t~ TROPICAL TELCO FEDERAL CREDIT UNION F~~ceehi F;ccr~Eo "IiOTICE: See ~everse side for i~formation regard~ng your ~ights to dispute b~llmg errors '' S~ia~[~ ~ci ~'i~:~ti~ - ~ ; - ... ., :.~~.-:::~; - -~~~ . ' FlNANCE CHARGE is tomputed at the daily pe~~od~c rate of .00041096 on the unpa+d balance.-~ .~~ •:•. n~ f ANNUAL PERCENTA~GE RATE ls%. ~ f a dva~ces are ma de during the rnont h, interest is ci~ar yed at tl~e da~ly pe~odic ~ ate a( .00041096 per day on each changing balance. Provided. howeve~. should the Federal Statutes be amended during the life of this Note so st to sllow th~ Crsdit Union to tharqe i~terest at ~ higher annual percentage rate. then the Credit Union, at its option. msy ~utomstic~lly make future advances w~th an annual percentage rate up to the amount allowed by law. Florida Documentary Stamps are charged on each advance at the rate of . ~ 5 per hundred dollars, or frac- t~onal part thereof. PROMISSORY NOTE DATE ~~_24_~ NOTE NO. ~_45385 LOAN N0. 4 ACCT. N0. 55407 ; ~~ ------ ----------- For vslue received, 1/We jointly and severally, promise to -pay to Tropical Telco Federal Cred,t Union, or order, the s~rm of Fi ve thousand ~nd n~ ~ 100 Dollars with interest on unpaid bala~ce at the daily periodic rate of .00041096 within fortyfive(45) yea rs from the execution oi this note. it is mutually covenanted and agreed by a~d between the maker of this Note and the payee(s) that up~n request of the maker the payee(s) hereafter may. at ~ts option, at any time w~thin forty-five (45) years irom the date hereoi and ~efore (ul) payment of this Note, make turther advances to the maker, with inierest on the unpaid balances at the daily pe~i- od+c nte of .00041096: provided however. that the maker hereby agrees that if at any time the advances made to the maker shall exceed the initial payment wh~ch is hereinabove stated. the maker ag~ees to pay the higher amount, but that the amount borrowad by the maker shall not at this time and includmg any tuture advances exceed the princ~pal sum of: Fi ve thousand~ ~~ no ~100 Dollars. Minimum periodic payments on this note-shall be in the amount of ~ 59 •47 first payment to be made on; 01-15-81 ~~ ~ ~~~ ~~nt esch ~.~m~ -~ ~~ 1L. pay period thsreafier or until the full amount has been paid. When applitsbN I request that =5.00 be deducted from the proceeds of tt~c loan and plated in m~ account. Tfw malrr suthoriz~s ~ , h~~by psyn~ts to be made by payroll deduction. ti/ 1/~ 1Yr1AM auq~0ria~ T~opkd TNcp f~d~ral Cndit Union to add to this loan. tunds sdva~~c~0 throu~h Drafts snd/or Automsted Teller Machin~s wwM1 ~11i~110~0 ~ l~fw ~IIMIb• ~~: Ma~er ~ H~ ipn -~~~~~2 ef the South 112_af~utheas~_?!_~Q~.~_~QU~hwes~ _ 1/4 all in Section 8, Township 35 South, Range 39 East, St. Lucie County, Florida. i, We acknowitdqe andagr~t tAat th~ Credit Union's Cred~t Comm~ttee may terminatt this Aqreement unde~ tht ~o~~ow~ng conditions: a) Upon adverse r~lvaiuat~on of my/our trldit worthiness. ~b) Upon my/our i~ilurt to satisty. tM terms of this Agrecment. !c) At my/our opt~on or at tM Cr~dit Union's option if it has a qood cause_ I' my/our lint Of Crldit iS !O bf fttm~niifd by tl~! Crldit UmOn. 1/w! Sh~ll r!C!rv! wnttln nohCe of Suth termindhOn: however, 1/we understa~~d a~u ~cKnowledq~ th~t wch termination shall not ailsct my/our obl~qat~on to pay any outstand~~g balance. i We understa~d that the Credit Union's Board ot Okectors is required to review my/our toan /~le al ~east once every 36 months, and t/we nereby q~r~ my/uu- p~~rnission to and suthoriz~ the Credil Union'S Credit Committee to ~nvest~qate and re-assess my/our ued~l worth~ness. i;1rVe undlrstand thst a re-applit~tion by me/us and approval by the Credit Comm~tttt or Loin 0flicer shall be requ~red ~f: ;a) The trM~t limit K intrtas~d;or ~ (~) The terms oi payment art ~xbnded btyond the terms ot the onqioal aqreement. In qst of snX d~fwlt inps ymtnb ss herein agre~d. or in case I/We t~rminate employment through a leave of absence ar oth~r resson with sn~y of thi companits named below. or in case 1~1Ne transfer from the operating territory of the Tropical Tdco F~dersl Gr~dit Union (ss d~fined in th~ Chsrt~r). the entire bslance of this note shall become immediately due snd psysble, st the option of the holder. No penalty for prepayment. Each pxty to thii nott, whether as ma~Cer, or quarantoi. Severalty waives prexntment for payment, demand, protest a~d not~ce o1 protest and d~~ ~ ono~ oi the same and lurther wa~ve any ob~ections to wit being brouqht in Oade County. Flor~da. It ~s (urtAer ~greed by eacn pa~ty hereto, tn~ n case payments Shall not be made a! maturity, he sh~ll psy a reatOnable fee /or costs of tullecbon or attorney's fee. ~n cau th~s note ~s placed ~n tn~ ~ands ol ~n altorney or agency ior colltct~on. I/We, the undersigned, do hereby p~edge atl pa~d shares and payments on ShartS whi~h 1/YV! (~dv! n.~v ~,r herea(ter may havt in this Credit Union as setur~ty tor this loan and do turther ptedqe, ass~q~, transler and set over any sa~ar~es, comm~ss~un • 3nd/or severance pay lrom Southern Bell Telephon! and Ttlegraph Company, (Amer~can Telephone and TelegraD-~ Comdpny) dnA Nestern FleCt~~ Compa~y (employtr) or any future employtr which have or may attrue to my/our credrt as securrty ior ih~s Ioan: and the Trop~cal Tetco Fede~a C red~t Union is hereby suthorized lo grve such notice to sa~d employer as may be necessary to make th~s ass~g~ment ope~atwe. Thn pledqe and ass~qn ment ~s q~ven lo secure lhe payment OI th~s loa~ and interests and COSts that may attrue thereon, and I/We he~eby.autho~~re the Treasure. to appl any or all wth paid shares and payments on shares !o lhe payment of said Ioan and ~nterests and costs. 1/We hereby agree that tne Trop~ca~ Tese~ F edera~ Cred~t Union may allow share w~thdrawals by any part~es hereto af its d~scret~o~. - As maker of this loan I, certify that the debts qiven to the interviewer ~epresent .atl ex~st~ng debts. All scatements made ;ncluding those given to the interviewer are true. complete, and submitted for the purpose of obta~nin cred~t. I u~der stand that if the request is denied I have 60 days to file a written'request for a reason tor the cienial. I~Ne acknowled~ receipt of a copy of this form which includes the credit disclowre. i 1 A117MOA1Z[ ANY INYSICIAN OR OTM[* I[1~fON WHO MAs ATT[NO[D ME OR E~AMINiD ME Ow wH0 Mw1r HE~E~FrER ~TT[NC Ow txwM~Mt M[. TO OISCLOft AN1/ KMOWL[OG[ TMUS ACOU111[O TO TM[ EIITENT KpM1TTt0 •Y LAW ~ ~ Msker ~~~`~*~- ~ ~" ~ ~ ~.{Seal) )( Guarantor ~n!(~~~ PdGE1124 (Seal) - .-~sz _ _ . . ., .. . - • r ~~~. - ~ ~ '_ _ ~x - x ~ ~~~~-~:'~ri~."~~.'~rt~~ ts`^•.~.,-c~ .... . ;i .....~ w~:/~xw~a~