HomeMy WebLinkAbout1093~~~II~~" ~"; : ; °'.,~ ~;~,~.y.~~.~'t,- s~`~.y.~-y ~~c`'~ a+±q-. .. }:~a. :• ':'a;.ti-~. :~,(t~` t' ._.. •~ ~. ,~• %Ne[...._,.p ..
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~`~ - ~;, .~Sout~ea;t Bank r .~,~Consume~ Loa~.Note and Security Agreemen . - -~ -~ • :^ ,~~, ~. ~
'~~~t:~'_; 26-0125., . '';~ ~: . .' :tii,~.,: . :~;,,',`. .r, t. ..` `•.` `~s, x:ti ~ ,•3. t
, . ~ - ~.,a~'~' ' ~ First National a ~ . . . ~ y - :`'' , • . . .
, Southeast• - B nk'~a~' Fort pie rce •~ ~~ ~
• • • ~nn~w~•~ • . ; Fla.
i 7he words /, me and my mean the borrowe~ and anyone,else who s~gns..T~e words you and yow re(er to the Southeast f~ank ~
" shown above:~...~'`~~: -. ..• • ~~~' ?_,>.,•• ,,?:'' '<.~: . . . ~. ',~~,~:,i.~~t«,:.~:'~ •.
Borrowe~ s Name James I. ~rlington `d Francis B Addross 1506 Ed~evale Rd, t gort pierce, F18arRla
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7his is the agreement that covers my loan with you. 1 understand tt~at anyo~e who sig~s this agreement will be legally responsible
. ftogether and individuatly) (or repaying the total amount owed. unless they are only signi~g to give you a valid security inter@st.
Promisa to pay. To repay my loan. I prom~se to pay you the total o( ~iayments shown in Item 11 below in 120 , ~no~„nly
~nstalments ot c 354.43 Pach. I'll begire making payments on _~ar~~l.~~ . ___ : ~___8_1 ~nd will
continue to pay on the same day each month until the loan ~s paid in full. I'll make payments i~~ perso~ or by mail at the ofiice
you specity.
~+..: s~ b~wwkdewn ~t my le~n•
t. Amount 1 received ........ S 20. 000. 00
2. Appra~sal tee . . . . . . . . . . . . . . S na
i~af Raai €state taar~s c~~iy=
3 Recording tee . . . . . . . . . . . . S na
4 Optional credit life
~nSUranCe . ... . . . . . . . . . . . . . S 1. 50~. 0~
5 Opt~onal credit disabil~ty
insurance ................. a na
6 Stamp tax . . . . . . . . . . . . . . . . S 32~.40
7. Other charges (expla~n)
~ a na
$ PtOpe/ty If15U~8(1C@ IsAOw prtmwm d/~nanccd thrrn,yA Dank)
A. Flood ~nwrance . . . . . . . . S -Il~
(or months
B Phys~cal damage
insurance .._.......... S na ~
for months
9 Amount financed I1 thru 8) ...... 5 21.532.40
~ 0 FINANCE CHARGE __..._. 5 20. 999, 20
made up oi:
A Interest . . . . . . . . . . . . . . . S 20, 949. 20
e. Prepa~d 50.00
FINANCE CHARGE~-5 IProcessmg Fee)
t 1 Total of payments !9+ 1 Ol ........ . g 42 , 531. 60
ANNUAI PERCENTAGE P.ATE . . 15.53 ~
NOTE: Items 2 through 8 above are expenses the Bank must pay to
third part~es.
C.edit Insurance. 1 understand that 1 don't have to take out cred~t I~(e
~~~surance or credit d~sab~t~ty ~nsurance to yvat~fy for th~s loan But i( 1
Nan~. I can purchase th~s insurance Ih~ough you. pu~chase ~t t-om
sJmgOr1Q else 1 choose. or ass~gn an ex~st~ng pohcy I want the
~s~~rance checked below (or the term ot th~s toan
~~'~'~ Credit lite insurance on Bo~rower's h(e afone at the cost shown ~n
~~9;~Ub0~'W'~I+CL~ea~~~4gterm is 10 years)
O Cradit disability insuranCe on Bor~ower (Firsi named belowl at the
cost shown in item 5. (Max~mum allowable term is 5 yRarsl.
Q Joint credit Iile insurance on Borrower and Co-8orrower's 6(e at
the cost shown ' item
E3orrower's ~ ~~ ~~GZ~~i~ , 2/24/81
S~gnaturg
Idate)
Co-Borr eis James I. Turlington Jr.
S~gnature
(datel
R~al Prope-t~l. O(if checked here) I am g~v~ng you a separate
tC:~ss out one) { MOrt9age
Agreement Not to Encumber or Transfer Property
w sec:urt th~s laan ~ri property located ar.
±~;" fAddr~ss o~ enturt~bersd WoM~hl
You.have already givsn me the reqwred Not~ce of Right of Rescission.
! unaentand this means I have three (31 bus~ness days to change my
niine and cancel this loan_ I understand that you w~11 stan charging
me interest on ~ g
Additional ag~Nn-~nb and provisions on revsrs~ sid~. 1 have read
cne add~tional agrsements and prowsions on the reverse s~de of th~s
agreement and 1 understa~d and agree to ~[hem. •
Preg$rLy tts~s*r:~ca. 1•vd! ~~±~~ ;~. •.,r~c+wrry secunng this loan
~nsured aga~nst loss or damage I unde.stand that 1 may purchase th~s
~r~surance through you. in which case the cost a~+~± !o~m w~u ~ppear ~n
t-+s lo?R b•eak!~w!~ !$ A~ B-: pr trQm anyone else I thoose. Either
way_ 1'll mako the policy payable to you
It I do~i t keep it ~nsured or pay p~emiu~r~s on time. you can pay tl~em •
tor me o- cancel the pol~cy and get insurence elsewhere. If you do
~~urchase such insurance elsewhere. you can select ~nsurance whict~ .
~~~otects only your interest ~n the collate-al or which protects my
~~~terest and your ~nterest. and ~n e~ther case 1 w~tl pay lor any
~-remiums you advance w~th inte~est computed at an ANNUAL
PERCENTACE RATEot 18X.
Right to prepay loan. 1 can prepay the enti~e balance ot my loan at
any time. If I do. you will retund a portion ot the FINANCE
CHARGE f~gured by the sum•of-the-d~gits method (a commonly
used formula for tiguring refunds on instalment loans). But you wpn't
relund any part oi the processing tee (item 108-.
t.ate paym~nts. It 1 haven't pa~d an instalment within 10 dsys oi the
da~e it's due. I'll pay a late cha~ge equal to 6% of the overdue
~nstalment, but not more than =6. This charge will not apply to loans
over 550,000.
Collection costs. I'll pay any collection costs, includmg reasonable
;~tto.ney's fees. ~t you take cotlection action.
Entire balance due. It 1 don't pay a~ ~nstalment on t~me or it 1 break
one of my prom~ses under th~s ag~eameni, yo~ Can rEquire rr~e lo pay
the enhre batance of my loan (fess ihe refund of fINANCE
CHARGE to which 1 would be entitled in the event of prepayment)
at once w~thout not~fy~ng me in advance You can atso do th~s ~( I:
~n~ss a payme~t on another debt 1 owe you. made m~slead~ng
statements on my appl~cat~on: Gecome ~nvolved m bankruptcy or
:nsulvency proceed~ngs_ or d~e
Security. To p-otecl you ~f I fa~l to repay ih~s 1oan. 1 g~ve you as
coliateral a"secur~ty ~nterest ' under the Florida Un~form Commercial
Code ~n the following proDe~ty a~ong with any replacemeni parts.
add~t~ons or equ~pment attached to it which 1 own, plus any proceeds.
return prem~ums and rebates trom any cred~t ~nsurance or ~nsurance
on the property secunng this loan. 1 als~ understand that th~s loan w~ll
t,e secured only by the collaterat descnbed below regardless ot any
SeCUnty prov~s~ons Ihat may appear ~n other loans I may have w~th
yp~ .
l,,ot 4 and the East ~ of Lot S, Block I, of
Mar~villa Plaza Subdivision, according to the o
Elat Thereof on file in Plat Book Sr at pa~e a
44 of the Public Records of Saint Lucie County3°
Florida
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Q If tMs box is checked. " is s~g~ing this agreement only .:~
tc grve you a valid s~cunty interest and w~ll have no personal legat responsib~lity on the loan. _ ,~ :`. r
I understand that this agreement. and it checked above. a document encumbering real property, contsin all ths terms: s
and conditions covering my loan. It any part of either of them is unentorceable, the ~emaining parts will rema~n vslid. 1've-'
rcad this agreement and knowled that a fu11y compteted copy of it was furnished to me befors I signed it. • ~; ~• - ~
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':t.. . ~ _~ _ r..~
' ~ (seal) ~"~ .' (seal)
~.. .~z -~.
~ ` James~I. Turlin to r. -
g Frances E.: Turlington '~4 `.
~ ' '. • .. - • (seal- - ~ ~ - r '`'~' • . ~~. ~i~:~-;," ' (seal-
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