HomeMy WebLinkAbout0114~ ~~~~'~ Southeast Bank
~~~
Southeast
Co~sumer Loan Nut~~ and Securily Agreeiiient
First National Bank of Fort Pierce
FI~~
„~na~..u•-
The words , me a~d. my mean the borrower and anyo~~e else wl~o s~yns The words you and your re er to 1he outheast Ban-
shown above
eor~ower's Name Vergie Mandel Add~ess 2816-B, JacksonPky, Fort Pierce, ~~ida
- ---- --- ----- 2/20/81
This is the agreeme~t that covers my loan w~th you I unde~stand that anyone who signs ihis ayreement wdl t~e legally responsib~•
itogether and indrvidually) tor ~epayuiy the total amount owed. unless they are only s~gn~ny to g~ve you a vahd secur~ty ~nteresl
Promise to pey. To repay my loan. 1{~rom~se to {~ay you the total o( ~~ayments sliown in Item 11 below in 120 month~
~n s t alme~ts ot a 139.55 _____each C11 be~~n mak~n,y payments on March 15 ~ g a 1 and w,
contmue to pay on the same day each month until tl~e loan ~s ~~a~d m full 1'll make payments in pe~son or by ma~l at the otbc
you specity,• -------------- ----
Hsri s a breakdown ot my toan~
t Amount I recerved ~ S 11,000.00 _•
2 Appra~~al lee 3 rt$- -_- .--- -
(Fa Real Estate Loans only)
3 Recordmg lee S na
4 Opt~onal cred~t t~le
~nsu~ance S -~ --- ---- -
5 Opt~onal cred~t d~sabddy
~nsurance ' E na~
-. 6 Stamp tax a __16. 65
Property losursnce. 1 vy~ll keep the property secur~nq th~s loan
msured ai~a~nst loss or damage 1 understand that 1 may pu~chase Ih~s
iiiSiii<iiiC@ iFi(OiiQll yi0ii. iii YiitiiCti C~S@ 13j~ i:fi5t 3ii.'S :e:m ~:t! a~~3: mst
tl~e luan brcakdown (S A 6 Bl. or from anyone else 1 thoose E~ther
way 1'll make the pohcy payabte ro you
It 1 ~1on't keep it insured or pay prem~ums on t~me you can pay lhem
lo~ ~ne or cancel the pol~cy and ,yet ~nsurance etsewhere II you do
~~~~rcl~ase such insuranCe elsewhete. you ca~ select insurance which
~irotecit o~ily yout interest m ihe collaterai or wh~ch proteCts mY
,nte~est a~~ your ~Merest. and m erther case I w~ll Day lor any
prem~um5 yc„~ advance with ~~terest computed at an ANNUAL
PERCENTAGE RATE of 18%.
7 Other charges (explainl -------- ---- ------
~ _na
8 Propert~ msurance ~s-wr. we~,~~u,.~ a t~~~,~„~..,~ u~~,,,~~,~~ I~.~n-I
A Flood mswance S .11~ _ _ _ __ __ _
(or months
8 Phys~cal damage
~nsutanCe S na _ __ _--_ -___
1or months
9 AmouM (manceci I1 thru 81 g 11,016.65 __
10 FINANCE CHARGE g __5~729.35 _
made up o(:
A. Interest . ~ 5 z722, SO
e PrePa~d 6.85 - -
FINANCE CHARGE~ a - --- ~P~ocessmq Feel
1 1 Total ot payments 19+ 101 5 16, 746. 00
ANNUAL PERCENTAGE RATE _ _ _9.00__~,,;,
NOTE: Items 2 through 8 above are expenses the Bank must pay to
thir~i p8rt~es
Credit Insurance. 1 uncierstand thal I don t have tu takr. ~~ut ~.rn~6t I~le
msurance or cred~t d~sab~h~y m5uranCe to Uuahly }qr Ihit luan But i~ I
want. 1 can purchdse this msuranCe ttttr~~~qh you purchase ~t (rurn
someone else 1 choose. or 055iyn an ew~shnq pol~cy I want the
msurance thecked below 1or the term nt th~s loan
O Credit lite insurance on Borrower's I~fe alone at the cost shown ~n
item 4(Mazimum allowable term ~s 10 years)
~ Credit disabilrty insurance on Borrower IF~rst named below) at the
cost shown ~n item 5. IMax~mum atlowable term ~s 5 yearsl
O Joim cred~t I~fe ~nsurance on Borrower and Co-Borrower~s I~fe at
the cost; shown in item 4.
Bnrrower's I '
Signature ---- - - - ----- - - --
Idate)
Co- Bor~ower's
Signature ' - -- --- - -- -
Idate)
Resl Prope~t~- O i~t checked herel 1 am gw~ny you a separa~e
tCross out one) ~ Mortgaye
Agreement Not to Encumber or Ti~nster Property
to secure tti~s loan on praperty bcated at
(AAA~est ul e~aumlwr.•d pn H~v~ ~~ l
You have alre~dy yrven me the requned Nohce ~~f Ru~ht oi Resc ~sswn
I undersl8nd Ih~s means 1 have three (3) business days to chanye my
mmd and CanCel th~s lOan I understand that you w~11 start chary~-~g
me ~merest on - - --- ---- 19 _ ._ ----
Additianal ayrsements and provisions on rsverse side. 1 I~ave read
the addrt~onal agreements and prov~sions on tl~e reverse s~de ol lhis
aoreemenr and 1 understand and aaree to them
f
D N th~s box ~s Checked. ________ __-_- __- ------- ~5 s~ymng lh~s agreement only
to gwe you a vabd secunty mterest and w~ll have no ~~ersonal le,yal ~espons~bibty on the loan
1 undersiand that tfiis agreement. and i1 checked above. a document encumbering ~eal property, conta~n all the terms
and cond~t~o coverin y loan It any pari ol e~ther ot them is uneniorceable. ihe rema~ning parts will remain val~d. I've ~
read t s greement and owledye that a fully completed- copy of it was turrnshed to me belore 1 signed it
~ - tseal) Isea~ ~
Ve ie Mande 1 BOOK 349 PaGE 114
E Iseall (sea~~
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-,:.•_ . _ . , ~ f. _ - ' ' s .._ ~ . ,~-~
Right to p-epsy loan. 1 can prepay the ent~re balance of my loan at
a~y t~me II 1 do. you will ~elund a portion of the FINANCE
CHARGE tigured by the sum-of-the-dig~ls method Ia commonly
used tormula for f~gunng refunds on instalment loansl. But you won't
refund a~y part ot the processmg tee (~tem lOB1.
Lsts payments. It I haven't pa~d an ~nstalment w~thm 10 days o( the
date it's due. I'll pay a late charge equal to 59~ of the overdue
~nstalment. but not more than :6. This charge will not apply to bans
over 550,000.
Collection costs. I'll pay any collect~on costs. ~ncludmg reasonable
anarney's tees. ~i you take collechon act~on
Entire balance due. It 1 don't pay an ~nstalment on time or ~t I break
~~nc ~1 ~~y prom~ses under th~s agreement. yQu can ~equue me to pay
ih~~ ~~m~~e balance o~ my loan Uess the retund ot FINANCE
CHARGE to wh~ch I would be ent~tled m the eveM o1 prepayment!
at ~-n~:e w~thouf not~Iy~ng me in advance You can also do th~s if I
r~uti: a ~~aymem on another debt I owe you: made m~slead~ng
~t,~trmrnl5 On nly a~~pl~cat~on. become I~1VOIvQd ~n bankruptcy O~
,~,~nlv~•nr,y proceedmys. or d~e
Security. T~~ p~otect yoc~ ~( 1 fa~l ro repay m~s toan. 1 g~ve you as
c~~llateral a' secu~rty mlere5t~ under the F~onda Un~torm Commercial
C~,:if~ ~n the following p-onerty alo~g with any replacement parls.
a~Irl~h~n~ ro equ,pment attached to rt wh~ch 1 own. plus any proceeds.
r.•tum ~-remwms and rebates (rom a~y credit ~nsu-ance or msurance
~~n t-fn ~~r~-perty secunng th~t toan I ats~ unde~stand that th~s loan w~ll
he ~~r.ured only by the collateral descr~bed below regardless oi any
ser.unly prov~sions thet may appcar m other loans I may have w~th
W~u
Lot 4 and S~ Block B, Hidden Acres, according
_ i
to_plat thereof,_recorded in Plat Book 17, ;
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Page 6,~'ublic Records of St.Lucie County, -'
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