HomeMy WebLinkAbout1963' ~~~~;Myi- : '~ ~~~1~~{'~~ ~'.;~9~.'~`.. ~ -c ~ "'!~+'-~" ~ :. '•.C .~'t~e.,-'~.x~t' b,~~t .• y.~ r..`. . . , ~.~ _a~~ . . .
, ,- ;,~ ti .So~e~~ank-~:'-,Consumer loan Note~Secu~Agreem nt~:r`s~~'~~~;~~-~' ~ . ~~ A~~=: 4 ~. ~~
a;t:~ _ •. : ~: a • • s . .~ . . ~~ .
~ ~ . Southeast ~ ~_~irr~~la i.onal ~Aank of~ort Pierce . ~` ~ J~ . ,' ~• ~ ~ . . ' . ~
' ~ _ . . . . ~At~aNa~ . Fla.
The words /. m~ and m~ mea~ the bo~~ower and anyone else who s~gns. ~he words you an~ youi reMe~ to the South@ast dank
shown ebove. • : ' ~: '_, _ ~' - . .:~; •. ; . . . . . i . ,, . .. , .. _ , ; ~ ~, . ~ ~.. .. _ . •
~orrower's Name~;..'paul ~rl. &`Vir~inia Gaffney Address j16 S. B. ~ White Ave. * Pt. St.Luci~ate2 /~?~gl
~ ~ . _ ; ~?~~ ~> : , , - • . , Florida33452 .
This is the agreement that cove~s my laan with you. 1 understand that anyone who signs this agreement will be legally responsible
ltogethe~ and individually) for repaying the total amount owed. unless they are only signing to give you a valid security interest.
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Promise to pay. To repay my loan. 1 prom~se to pay you the total ot payme~ts shown in Item 1 1 below in 120 monthly
~nstalments of ~ 176.46 Pach. I'll beg~n making payments on March 27. 19_.$~ and w:U
continue to pay on the same day each month untd the loan is paid in full. 1'll make payments in person or by ma~l ae tne ofiice j
you specify.
Her~'s a broskdowo of my loan : P~operty Insurancs. 1 will keep the property securing this loan
1. Amount I received ._....,.. ~
S 11, 000.00 . ~nsured aga~nst loss or damage 1 understand that 1 may purchase th~s
2. Appraisal (ee .............. S na ~nsurance through you, in which case the cost and te~m will appear in '
(Fo~ Real Estate loans only} the loan breakdown (8 A& Bl. o~ trom anyone else 1 thoose. Either ~
3. Record~ng fee .... ...... ... . v~ray. 1'll make the pohcy payable to you.
S p8 It ! don't keep it ~nsured or pay p~emiums on timt. you can pay tt~em
4 Optrona) credit lite (or me or cancel the pol~cy and get insu~a~ce etsewhere. If you do
insu~ance . . . . . . . . _ . .. . . . . . S na purchase such insurance eisewhere. you can select insurance which
5. Optional Credit disability {~~otects only your mterest in the collateral o~ wh~ch protects my
insurence . . ... . .. . . . . .. . . . ng ~nterest and your interest. and in either case 1 w~ll pay for any
S
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6 Stamp tax ~
prem~ums you advance with interest computed at an ANNUAL
S '
.. ...... ... .... . - PERCENTAGE RATE of 18%.
7. Othe~ charges (expla~nl ' , '
. . .a na
8. Property insu-ance ~snow'a«•~+~~m ~~ ~~~a~ed ~n~o„yn ea.~k~
A. Flood insurance . . . . . _ . _ S IIa ~
tor months.
B. Physical damage
na
insurance ............. S
tor months 11 ~ 016. 65
9 Amount financed (1 thru 81 . . . . . . . . . . . . . . . S
t~ FtNANCE CHARGE _ _______ _______S 10.158.~5
made up of: .
A. Interest . . . . . . . . . . . . . . . ~ 10 _ 108 . 55
B. Prepaed 50.00
FINANCE CHARGE-~~ iProcessing Fee)
t t Total of payments 19+ 1 O! . . . . . . . . . . . . . g21.175 . 20
ANNUAL PERCENTAGE RATE ........ 14.81 q6
NOTE: Items 2 through 8 above are expenses the Bank must pay to
th~rd parties.
Credif Insurance. 1 understand that 1 don't have to take out cred~t I~(e
~nsurance or cred~t d~sab~l~ty ~nsurance to qual~ty for th~s loan ~ But if 1
want. ( Cen purChase this insurance through you, p~rchase ~t from
someone else I choose. or ass~gn an e~cist~ng pol~cy 1 want the
insuranCe Checked be~ow (or the te~m ot lh~s loan
Q Cred~t life inwrance on Borrower's I~te alone at the cost shown in
item 4. (Maximum allowable term is 10 yearsl.
O Credit disability insuranCe on Borrower (First named below) at [he
cost shown in item 5. (Maximum allowable term is 5 years).
~ Joint credit lite insurance on 8orrower and Co-Borrower's life at
the Cost shuwn in item 4. ~ '
Borrower"s ~
S~gnature '
Co-8orrower's ~`
S~gnature '
(date)
(date)
Rsal Prop~~ty. O lif checked herel I am giving you a separate
(Crass out one) ~ MOrt9age
Agraoment Not to Encumber or Transfer Properiy
to secure this ban on propeny bcated at:
~ / I f , . - .`` . . • . , ~Ad~~f! O~ fflCYfll~fb ~Ip~~h~ •
You hsvs alrea~dy given me the requirsd Notice of Right ot Fiescission.
! undentand this mesns I have three ~31 business days to change my
mind and csncel this loan. I understand that you will stan chargin9.
me~ intsrest on - - 19
Additional a~rMm~nts and provisions on r~v~n~ sid~. I have ~esd
fhe' addlt10f1N i~tN~tleflt3 ~nd pfOV~3~0I1t 011 LF-e f01IlfSe S1dQ O/ thl~ r
agreement snd t understsnd and agree to them. ~. •.-•= ~~=`'"
Right to pr~pay loan. 1 can prepay the entirs balance ot my bsn at
ai~y time. If 1 do. you will ~efund a portion oi the FINANCE
CHARGE figu-ed by the sum-of-the-digits method 1a commonly
used formula to~ figuring retunds on instalment loans). But you won't
refu~d a~ry part of the prcesssing fee (item 106).
l.st~ paym~nts. (t I haven't paid an instalment within 10 days ot the
ciate iYs due. !'li pay a late charge equal ta 6% ot ihe overdue
instalment, but not more than s6. This charge will not spply to loans
over 550.000.
Collection cosu. t'll pay any collection costs, inctuding reasonable
atturney's (ees. ~i you take collect~on action.
Entire balance due. Ii I don't pay an ~nstalment on tima o- i11 break
one of my promises under [Ais agreement. you wn require me to pay
~I~e ent~re balance a( my loan Iless I~~e refund of FINANCE
CHARGE to which I woufd be ent~tled i~ the event ot prepayment)
at once w~thout nonfying me in advance You tan also do this if I-
rn~ss a paymeni or~ another debt 1 owe you: made m~sleadmg
statemenis on my appl~cation: become invofved in bankruptcy or
~nsolvency proceedings. or die
Security. To protect you i( 1 fail to repay th~s toan. 1 give you . as
collateral a'"secur~ty interesY' under the Flonda Uniform Commerc~al
Code in Ihe fo!lowing property along with any replacement parts.
add~t~ons or equipment attached to it which 1 own. plus any proceeds.
return premwms and rebates trom any tred~t insurance or insurance
on the property securing this loan. 1 als:, understand that th~s loan w~ll
he GPC.IIfP(~ Afl{V t,y the collaterat described below reqardtess ot any
secur~ty provisions that may appear in other loans t may have w~th
you. `
Lot 13, Block 378 Por[ St.Lucie Section 6. acc-
ording to the plat thereof as recorded in Pla~
Book 12, paRes 36A and thru 36D of the " Publ~
Records of St.Lucie County, Florida ~
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~ , ` Q~.If thia boa is chacksd: ~ , : . -. ~ , • r : : ~ _ :~ . : . . is sigrwnq this a e~m~nt or~r . ~ ,
.. : : • _~..
~ so%giv~• you s vslid s~cwiry interest and will have no personal bgal r~sponsibiGty o~ tM los~. , ~. . -.°:;~ -
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: E# undentand; that this agreement, and if checked above, a documont encumbering . roel property, contain sll tht terms
.~ >...... . . -
~~~nd'condition ^ ovsring my loan. It any part of either of them is un~ntoresable, the remaining parts will ~emsin vslid. l'1re
~~ra#~thi: gr a ackn ed thst lated copy,o~it wss iumished to me before I signsd it :::~.,P7~... .
-_~ -1~~, _~' .L.-_ ~:. - „..;j.=°' ~ . ~ ~ ~. l~y~ .•:.
SBB~.~. ,~ ?i. ~ ' . - , . - ~
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'.. :~;Paul W: G e • : ~ :~~ ' ~ ~ " Virgi ia Gaffaey _ ~.~' ~' ` -
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