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HomeMy WebLinkAbout2453~y , ,}~ ~l`~lj ~y, t~ ~i ~ • 7~~~. 1~ ~ v... ~ v{, • 'y t y~. . ' . S ~ ~ i~. . i •Jw f ~~~}A.}r.. _ .. `~ f~` r~ t' 'C,~.• ~..:.. ~:~ ' , ' ~• , , .':v f ,~ /: :~~C~~'~ ~ , . ' t y~ ~ ~ ' ':1~ r~~~~~~Y ' ~1 ~ : •~; ' ' :-~. ~ ~~ ~ _ ~ ~.e*f ~~":'~ Sout~ieast 6a~k r~`~:. Co~sumer loan Note and~Security Agreement .~ ~'' ~ ~~' . ~ :~ s~'nii ~`~~ 26•Ol~ ' . ' , . , -~ ~' + i~ . ~ ~ Southeii~~~ rirst Iiatioaal B~c~lc of Ft.pierc• • -~ . •:ft;'_, -: • ' ~ . . .x:-~ ~ ~ . : u-n+~.~.-~ . ~ ~ ~ . . ~ ._ .. .. . , . 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 :.,:~~ ~. ~ ` . _~ ~.:. ~: ' 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 • _ . ' s J ~ 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. s ~ ~ ~ . ~ ~ ~ ~ s T J _ N 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. , , t ; ~ i E ~ i i3 ( i • ' Ise ls~stl ~ ~'C1arAnce i~. Sasellief ~Eg ''] ,~ , d lso J. •1 ief :#., - _ _ ~~i ~' ~'~` ~ ~r . ~ . . .. ,~ . O(j~ . . - -.:, r.: ~i ,. ' ~ '`jl~, (~al l ~ ~, ~ - - - q ~- '~ ~~ ~'-=-_~ < ~°'~" _:~ ~ .~.~,- ? _ _;:~--u