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~~":'~ Sout~ieast 6a~k r~`~:. Co~sumer loan Note and~Security Agreement .~ ~'' ~ ~~'
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s~'nii ~`~~ 26•Ol~ ' . ' , . , -~ ~' + i~ .
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Southeii~~~ rirst Iiatioaal B~c~lc of Ft.pierc• • -~ . •:ft;'_, -: • ' ~
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The words l, m~ ~~d iny msen the bo~rower and snyo~e e~se who si9ns. ~he words you sndi your reter to the SoutMast k~sn
ShOWfl abOVB. i•~i~' . .`.~ ..L..i-~ . ia • • •i.:,~~~r"
Bo~rowe~'sName: ~larence W. 6 flelen ,~. Hazellief Address ~t. ~g~ gox 499, Pt.Pierc~~ Fa Dste ~1%23/81
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Th~s is the agreement that covers my toan with you. I understand that~anyone who signs this ag~eement will be legally ~espp~sibla
Icogether and ~ndividually) for repaying the total amount owed, unless they are only signi~g to give you a valid secu~+ty i~terest.
Promise to pay. To re aY my loan. I prom~se to pay you the total of payments shown in Item 11 below ~n ~20 monthly
~~-~stalments of $ 18~• ~ each. I'll begi~ making payments on Feb. 23, . ~ g
7 81 ~~ will
cont~nue to pay on the same day each mo~th until the loan is pa~d in tull. 1'll make payments in person or by mail at the otfice
you specity. 1~500.00 Ins. for 20,000.00 decreasein~
H ere's s brsskdown ot m~ loa~: Propetty Insu~anc~. I will keep the propeny secunng this loan
t Amount I received .. 510, 000. 00 ~nsu~ed aga~nst loss or damage 1 understand that 1 may purchase thes '.
2 Appra~sal (ee ...... g Aa ~nsurance through you, m wh~ch case Ihe cost and term w~ll sppeet'n
tFor Rea~ Estate loans only) the loan Meakdown (8 A~ B1, or i~om anyone etse 1 choos~. Euher
way. 1'll make the pol~cy payable to you. ~:~~: °
3 Reco~dmg lee ... .. S~' It 1 don"t keep ~t ~nsu~ed or pay premwms on t~mq. you can p~~ tMm~
4 Opt~onal credrt lite for me or ca~cet the pol~cy and get ~~~wrsncs elsewhere. If you dp
~n5uranCe ..~..... S 1, 500.00 pu~chase such ~nsurance elsewhere. you ca~ select insurance which
5 Optional credit disabil~ty , protects only your interest ~n the collatarsl o~ which protects m~r
- S~ ~~terest and your ~nterest. and m either case 1 will pay for any ,
~nwrance ..-.-- - 17.40 p~emwms you advance w~th interest computed st sn ANNU/~L .;;
6 Stamptax _ ... .. . S PERCENTAGE RATEof 18%. - ~ :- :
7 Other charges (explai~) ~ - - ~ ;
S na
8 Property inwrance tsnow o~emwm a nrw,c«~ ~n~o~yn ns~-
A Flood inwrance . . . S ~
for months
B Physical damage
insurance ...-.- - -. 5 ~
(or months
9 Amount f~nanced (1 thru 8) S 11,517.40
~0 FINANCE CHARGE .. . . g 11,255.00
mgde up of:
A. Interest . . . . . . . . . . . . . . S 11 #205.00
B Prepaid 50.00
FINANCE CHARGE-S IProcessing Fes1
? t Total ot payments (9~-101 - - . . . . . - . 522 ~ ~~2 •~+0
ANNUAL PERCENTAGE RATE ... 15.56 96
N OTE: Items 2 through fl above ars sxpenses the Bank must pay to
third parties. _
C+edit Insuranc~. 1 understand that I don't have to take out credit I~te
~ns~rance or credit disabdity insurance to qual~fy tor ihis loan But d 1
want. 1 can purthase this insurance ihrough you. purchase it lrom
someone else 1 choose. or assign an exist~ng pol~cy 1 want the
~nsurance checked below for the term of th~s loan
~ Credit life insunnce on Bo~rower s liis abne at ths cost shown in
~i~~~l(~~ci~~~IJpy~pJ~,tarm is 10 years).
dac a sab
~ Credit disability inwrance on Borrower (First named bNow) st th~
cost shown in item 5. (Maximum allowaWe tsrm is 5 yss~sl_
~ Joint credit lifs inwrance on 8onower and Co-Borrower's lits st
the cost show in item 4.
8orrower's "y~-rJ ,' ~ .
S~gnature,` L~ 1/23/81
Clareace 61. flazellie lda~el
Co-8onowei s
S~gnature '
Idatel
Real PropKt~r. O(i1 checked here) I am giving you s separats
~`..,~_ •,... ~:;.:~.1 M°h9~
~ `~ ~ Agresme~t Not to Encumbet o- Trsnstet Ptopsrty
ro secure this loan on prope-ty bwted st:
(Address d entumba~d propertyl
You have already g~ven me the requ~red Notice of R~ght of Rescission.
i understand th~s means 1 have three (3) business days to change my
mmd and cancel this Iw~. 1 understand thst you will start charg~ng
me ~nterest On 19 .
AdditionN a~rNrn~nts snd provisions on rw~rs~ sid~. 1 hsve read
rhe addit~onal agreements snd provisions on the reverss side of this
aqreement and 1 understsnd and ag~ee to them_
Riqht to pr~pay loan. 1 csn prepay the entire balancs of my b~n it
any time. If 1 do. you wiN refund a portion ~ the fINANCE
CHARGE figured by ths sum-ol-ths-digits m~thod (a oommonly
used /ormula for figuring retunds on instslmsnt losns). But you won't
refund any part oi the processing feq (itsm 108). ~
Lat~ psrm~nts. It 1 haven't paid an instslme~t withi~ 70 days ot ths
date iYs due. I"II pay a late cha~ge equsl to 6% of ths overdue
instatment, but not more than i6. This charge will not spply to barn
over 550.000.
Colfection costs. I'It pay any collection costs, including ressonabte
attorney's fees. ~( you take collect~on action.
Entire balance due. If I don't pay an instalment on time o~ it l bresk
one o1 my prom~ses under th~s agreement. you Can require ms to pay
the ent~re balance of my ban (less the retund of fINANCE
CHARGE to which 1 woutd be entitled in the evant ot prepayment)
at once w~thout not~fy~ng me in advance. You can also do this ii I:
m~ss a payment on another debt 1 owe you: made misfeading
statements on my applicatio~: betome involved in bank~uptry or
~nsolvency proceedmgs: or d~e _
Security. To protec! you it I fad to repay this ban. ( give you as
cotlaterat a"secunry interest" under the Florida Uniform Commerciat
Code m the folbw~ng property along with any ~eplacement pans.
add~t~ons or equipment attached to ic which 1 own, plus any proceeds,
return premiums and rebstts from any credit inwrance or insurance
on the property secur~ng this ban. l also understsnd that this loan will
be secured only by the collateral described below regsrdless oi any
secur~ty provisions that may appear in other losns 1 msy hsve with
~i'e North 250 feet of the NW~ of the SW~ of the
Hfi~ of Section 12, Ta~mship 35 South, Ran~e 38 1
Public zecors of St.Lucie Couaty, Florida, lesa
ri t of ~ra~ for roads and caaala. a
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~ I f th~s box ~s checked.
~o g~ve you a val~d security interest ar-d vmll have no personal legal ~esponsib~Ury on the loan.
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is s~gning th~s sgreement onl~l.
~ understand that this agreement, and it checked abovs. a document encumbering real property, contain all the terms ~
~n~ cond~tions covering my loan. li any part oi either of them is unentorceable. the ~emaining parts will remain valid. 1've
re~d this reement and ackno Isdge that a fully completed copy ot it was i ed to me be o 1 signed it.
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