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•~~. •~..•.:+.il.~i~:l~~~ r~.~~~AdLt NA 1 i. ~~ uMISSUN ti Nu ~ E nNU UI~~i.uau~~t ~ 1 A 1 ~
~ _.~,~!1U. u~~ N/SK
Pan American 8ank N.A. ___ Mnin nffi~..
~anc
250 South East ~irst Street ~gj~j 1-27-84
stre~t Ada~ess oate o~ Note pw p~~~
Miami, Florida, 33131 577-5760 23841-86
Cily Stat! Z~D 7NephOn! No. LOSn NO.
~nR ~/At 1iF RFCFIVED, the unde~signed (he~e~nafter referred ro as the Makerl p~nm~.ol~l ~w pa~ to tho rn~1er nt Pan AInPf~r•l~l fiank
__ ~ _, (hereinafter refer~ed to as the Bank) st its oN~ces ot ~li.~c,;i__
. ~ K t. ; iiO1:tiA\D A.\D NO/ 100-----------------------------------------------Doll r t j SU, OOt). .-' J
- ------ u ~ --.
••,• .~.• •.~~ ~c .,~ a:~te of~96' • ~ p 360 davs basis or ~ 365 days basis). This simple ~ste was the rote u:c~l .,;, .,~~ ~~~nu~i I~~~~s to
~:,~rn~~ut~: q~at purt~o~~ of the finance charge which is interest. Interest after maturiry to accrue at the maximum rate ~,ermittecl by Law until
pa:d in full.
•'IntNK! on tn~ unpald Drinupal Aalance o1 this npte ts suDiect to increas~/decrease and sna~~ be prime ~ate oi PaB. N.A. , ~s ~he same may be
{rom ttme to tim~ established bY that bank O~us L X, not t0 !xc!!d, hOwev!-, !he max~m ritQ ~S BSfibliSh!{1 f~Ort1 ~iM! t0 liTt Dy L~w n0- b! 1lSS th~r1
94. The maxlmum ~ate pe~mllted bY ~aw at the time of consummation ol thls tont~acl is ~%. The ~ite inCress~/dec-las~ will De e//ected DY an increas!/
decreas~ In our Inter~st psYment amounl. Interest ad~usted dallY uMeu otM~wite specilled here:
P;yahle as set forth in the appropriate schedule below:
t . Vayme~t:
la) The princ~pal amount ot the obt~gauon ev~cienced by this prom~uory note ~s to be paid icheck onel:
^ on demand and it no demand ~s made then afte- date. .
C by a s~ngle payment which nnll be due and payable days aiter date.
~C; ~n 35 consecut~ve monthlv instalments ot S~~ each and 1 I~nal/balloo~ payme~t of S 833..45 comme~cing on
the 27t•~oay of Februarv , 19 81 ar-d coMinuing on the 27thday oi each month the~eafter. Any .ef~nancing
ol the baltoon payment portion o( this Ioa~ nnlt be subjecf to the fdlowing conditio~s:
(1) No prior default ~n any provisiw- hereot.
(:) Satisiactory cred~t oi Maker at the time applicat~on is macle tor refinancing.
ib) Interest on the obligation wnll sta-t to accrue (rom !he date ot this ~nstrument, and is payable as fd~ows~
^ at maturity.
~q monthlv ~' o~ the unpa~d principa- balance Irom time to time outstanding commenciru~ on1ZCIL day oi_~ehrllBrV ,
19~ and continu~ng on the ~ day oI exh ~~1 thereatte..
~ H you per~orm accord~ng to the te-ms of thK instrument, you~ first interest payment w~ll be S~ aS~7 and the 36th
or tast intereit payment vNll bC S~ic2l . •
~
(r1 ~' NOTICE See accompany~ng statement!~eve.se side for the uhetifule of payments.
? Security: (check onP1 . .
_i This tpan is unsecured.
^ As secunty to~ the payment ot th~s ~nstrument and ol all other hab~~it~es oi the unders~gned Maker(sl, a securjiy interest is +etamed Ey the Bank m U~e
fd~o~v~ng property, ~d~ether owned or a(ter-accau~.ed, nereinatter ~ete~red to as the Cd~ateral ~~ndOm~illum unit ~ 104 of Sea Pines
Tower Condominium as described in Declaration of Condominium dated Dec. 20,'1977 ~ recorded
inq OR Book 280 at Pa e 2622 of the Public Records of St. Luci~ ount Florida, toget}h~e~r
3 Vre~iy t~. +~~t h ~ n, ethelPf~as~ F. E~'C_~~'`1 33~5~
fal No Penalty Charge well be lmposed: howeve., the Bank reserves the r+ght to charge the Maker a min~mum ~nterest charge oi 510.00 on any s~ngle payme~t
loan. ,
(hi A Rabate ol ~ny unearnect porhon o~ the interest shall be paid to the Maker, such rebate to be calculated on a pro rata bas~s.
1 Default: Fadure of the Maker to make any paymeM, whether ot pr~ncipa~ or interest, vfien d~e shall constrtute a default. In the event oi Defa~.It Riaker will
tw charged penalty ~nterest on the unpa~d pr~nc~pal t~lance at the max~mum rate perm~tted by Law until the oW~gation is paid in (~II. In addit~on, Make~ yvill
he liade to Bank tor a~f costs o( to~lectio~ includ~ng ~easonable atto.neys' tees.
`~ Luo~ Default or ~f the Bank shall ieel i~zea~re tor any reazon wha-soever, the Bank, at the opt~on oi the Bank, may wiihout demand o~ nor=e ol a~Y k~nd
declare ~mmed~ately due and payaWe any and all I~ab~t~t~es of tfie Maker. The Maker h~rPby wa~ves presentment, demand oi payment; protest an~: not~ce of
non payment or protest. The Bank ~s author~zed to app~y any eccount toward the payment oi any ~ndebtedness due the Bank from the Make.. ADOITIONAL
TERMS AND PROVISIONS OF THIS INSTRUti1ENT ARE SET FORTH ON THE REVERSE SIDE.
s; Property Insurance may be obta~n~cf hy the Maker th.uuqh any agent ot his cho~ce, howwer, the ~nsurance company must be satisfactory to thp Bank.
7. NOTE_ CREDIT L~f E AND/OR DISABIIITV IfvSURANCE ARE PROCEEDS . . . . . . . .. . . . . . . . . . . . . . . . . . .. . . S29-849. OO
VOLUNTARV AND NOT RE~UIRED FOR CREDIT Prepa~d FINANCE CHARGE I~i anv-
Such ~nwrance coverage is ava~laWe at the cost des~gnated below fo~ s _~
the te~m ot cred~t "
~ tor Cred~t l~te tnsurance S _~ ~
~ tor D~sabil~ty Insurance S
~ Toia~ P.epa~d FINANCE CHARGE . . . . . . . . . . S -~-
_~ Gedrt L~fe Insu.ance is cfes~recf on the life of
Othcr Charges'
~ Gsab~~ity Insurance ~s des~red on the I~fe ot Cred~t l~te Insur. (opt~onal) S-~-
Disabd~ty Inwr. (optipnal) . ~-Q-
Oocume~tary Tax Stamps_ . S 45. 00
Filing Charge . . _ . . . . . . . . S 16. ~0
Insured Oafe Prpporty Insurante . . . . . . . s-Q-
Intaneible tax S 90.00
+nsured ' Oate S -~-
Total Other Cha.ges - - • . . . . . . . . . . . . . . . S ~51 . 00
nmo~~r ~~~ar~ced . . . . . . . . . . . . . . . . . . . . . . . . S 30.000. 00
FINANCE CNARGE made uv ol
i„~o,~~ ... .. a 9, 698. 90
Credit InveStigation Fee . . . S -Q-
S -~-
S -f1-
S -n-
Tota~ FINANCE CHARGE . . . . . . . . . . . . E 9, 698 . 90
Tota~ oi Payments . . . . . . . . . . . . . . . S 39, 698 . 90
ANNUAL PERCENTAGE RATE . . . . . . . . . . . 21. O .~,6
E ach o! the unders~gned Fllakerls) hereby acknowleck~e rece~pt of a true and complete copy t n pr~f note and d~ulosure state n 1 t e ot ~1s
~*ecut~on. Grven unde- the hand and seal of each of the undo.rs~gned. / ~• /~s.~ ~ ~
.
SEAL!
, ISEALI ~ ~~~ ~`
~M'k~.~ ' p UL J. VLAKOVICH~ a~~%a PAUL VICTOR
(ACa~ess~ ~~R ~_` (AtlA-ess)
OISPOSITIONOF FUNOS• ~~!~~~~V PaGE VV
~ ' ' ~~~ ~K "~r+ . _ CREUIT A/C NO . _ PAYOFF IOAN NO . _