HomeMy WebLinkAbout2282~~SOUtheast' 6a~k: ~ ~C'onsumer loan Note and'~ecurTty"i+g~eement'~;,r ' ~
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''~ `Pirat National Bank of Fort Pierce ~ , t~ .~.~t . ,~ ~~~i,;~~.~ ~'' ~'~
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7ha w~-ds 1, m~ ~a ~~mean the borrowe~ snd any~one e se who si~n:,ti words you and roar re er ta
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8or~owei s Nams '~~~~~yid ~~ ~~tty Jo porter Address ~ 1003 flernandes Ave. ,,Fort PierceDate t~/~n
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Th~s is the agreement that
covers iny loan with you. I unde~stand thst~snyone who signs this ag~eement will be legall~ responsi~:.,
i~~gether and individuslly) tor -epaying the total amount owed.
~ unless thty aro only signing to yive you a~~~':.. ~e~u~~ty i~ts~est.
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Promis~ to pay. To repay my toan. 1 p~om~se to pay you the total oi payments shown in Item 11 below in 96 monthly
~nstalments of ~__ 213. 3 each. 1'll be in makin payments on I~.rel, t
9 9 ~ . 19_8~`___~nd wiil
cont~nue to pay o~ the same day each month until the loan is
' paid in full. 1'll make paym~~ts in person or by mail at the oft~ce
you specify
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H e~s's ~ br~skdown of mY loan: Prop~rt~- I~sur~nc~. I w~ll keep the propeny securiog this losn '
1 Amount I recerved ...... .$ iZ ~~~0. 00 ~nsured against loss or damage. 1 understand thal l msy pu~cAase ll~is
2 App~eisal (ee ..... $ n8 ~nsura~ce through you, in wh~ch case the cost and te~m will appear in
iFor Real Estste Loans onlyl _ the loan breakdown (8 A b 61. or Irom anyone elss 1 Chooss. E~ther
na
3 Record~ng fes .......
S Way. 1'll make the pol~cy payabla to you.
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4 Optio~al c~ed~t lits IF 1 don
t keep it insured or pay prem~ums on time, ypu can pay them
fo~ me or cancel the pol~cy ar+d get ~i~wrance etsewhere. It you do
~nwrance . . . . . . . . . . . . . . . S ~ purchase such inwrance elsewhere. you can s~bct inwrance which
5 Optanal credit disabil~ty protects only your ~nte~est m the collateral a which protects my
mw~ance .....:. ..... S ria
~~ inte-est and your interest. and in either Case I wi1~ pay fpr any
5 Sa . .
mptax
S - 18.15 p~em~ums you advance with interest com ted at an ANNUAI.
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. . . . . PERCENTAGE RATEot 18%.
7- Oth~ Charges (explain) ' ' .
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' Ripht to pr~pa~ loae. I can prepaY ths entin bslsnc~ of my loa~ at
.
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8 Property msuraoce ~anowwe~wma ~«,a.K.~ ~n.o„yn n,~k~
~ any time. It 1 do. You will retund a portion of th~ FINANCE
CHAR(iE t~gursd by the sum•oi-ths-digiq method (a commonlY
A.
Flood ~nwrance ......-- S ~ used ta~rtwla tor figuring retunds on insblmNtt Ipans~. 8ut yp~ vypn't
for months retund any part of the processing fee~ (item 108).
8 Phys~cal damage •
inwrance .... ~ $ ~aN psym~nu. If 1 haven't paid an instalment within 10 days ot tM
(a _~ months date it's due. 1'll pay a lats chsrge equsl to 6% o( the ove~du~
9 Amount tmanced (1 thru 8) S 12 *018.15 instalment, but not mo-e than:5. This charge wi~1 not ppply to bens
t0 FiNANCE CHAR~3E S 8,519.13 over tb0.000. .
made up of:
A. Interest . . . . . . . . . . . . . . . S $,469.13 Collsction costs. I'IC pay any collection costa, including reasonabb
a. Prepa~d 50~ ~
fINANCE CHARGE•5 IProcessing Fee)
~ attorney's tees. it you take coltection action.
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t i f l9 t0 20 537 28
o a o payments • 1 .. .. S •
ANNUAL PERCENTAGE RATE . . _ . . . _ . ' 14.75 y6
NOTE: Items 2 through 8 above srs expenses the Bank must pay to
' third psrtiss.
Credit Inwranc~. I understand that I don't have to take out c~edit 1~(e
~nsurance w credit disabibty insurance to quaGty (or th~s loan But it I
want. I cen purChase th~s insurance through you. purChass it from
someons else I choose. or ass~gn an ex~sting pol~cy t wa~t the
~nsurance checked betow for the term of this loan
O Credit lite insursnce on Borrower's lifs alons at the cost shown in
item 4_ tMaximum allowable term is 10 yesn).
O Cndrt disabilrty insurancs on Borrovwr 1Frat nam~d bebw) at tM
cast shown in item 5- (Maximum allowable te~m is 5 years).
D Jant credit life inwrsnca on Borrowsr snd Co-BoROw~i s lite at
tM cost shown+in itsm 4_
B orrOVYQ! s
;i~gnature .
Go- 8orrpwer's
S~qnature
Idscel
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R eal PropKt~-. O(if checked here) I am giving you s sps~ate
tCross out onel { M~9~
Agresment Not to Encumber o~ Transhr Ptopsrty
to secure tMs losn o~ properry lo~;ated at:
(Aae.... a «~cumba..e pop~.ty~
vou have slresdy given ms ths reqwred Notice ot Right of iiescission.
~ understand this mesns I have three (3) business days to chsnge my
m:nd and cancN this loan. I understand that you will stsn charging
Te ~nterest on . .19 .
Adaitio~l a~Nm~nb and provisions on rw~n~ sid~. I havs read
~ne add~t~onal agreemsots snd provis,ons on the reverse side of this
agreement and 1 understand and agree to them.
Entire bslance due. lf I don't pay sn i~stalment on time of if 1 breaic
one oi my prom~ses under this agreeme~t, yau Can roquire me to pay
the entire batance of my ban (less the ~/und ot FINANCE
CHARGE to which I wouW be entitled in ihe event ot prepaym~nt)
at once w~thout not~tying me in advance. You can slso do this if 1:
m~ss a payment on another debt 1 owe you: msde misleading
statements on my applicauon: become invohred in bankruptcy w
~nsolvency proceedings: or d~e.
Secu~it~r. To protect you if I tail to repay this 1oan. I give you as
collateral a"secunty mteresC' under the Florida Uniform Commercisl
Code ~n the tollowing properry along with any replatement peAS.
add~aons or equipment attached to it which I.own, plus any praeeds,
return prem~ums and rebaces 6om aoy cred~t inwrance w inw~ance
on the property securmg this loan. 1 also undentand that this ban will
be secu~ed only by the co{!a[ersl dsscnbed bebvir regsrdless o( any
secu.ity provisions that msy appear in other loans 1 may have w~th
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Lot 2,'Slock "!!" liar~ville Sstates a subdivisian ~
ucording to t6e Plat thereof as recorded in
Plat Dook 8, aa page 77, of the Public Recorda~
of St.Lucie Count~, Florida
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rJ 1 E th~s box is Checked. ~ is s~gning this agrNm~nt ordy
co g~ve you a vahd securiry interest anA w~ll have no personal legal respons~biht~r on the ban ~
a
~ i understand that this agreement, and it checked abovs, a document encumbering real propeny, contain sN'th~- tNms
~ ~ nd cond~tions covering my loan. If any part of either ot them is unenfotceable, the remaining parts wiN remain vslid. 1've
~ read this agreement a kno g that a fully completed copy ot it as furnished to me befora I signed it. -
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Donald B. Porter . t~ ~ - ~ ...,- .
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~ ~~~~~~ PAGE~~~~ . a°t orter ,
~ _ _ BOOK sesl- ',,•~~~~~`..(sca~!
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