HomeMy WebLinkAbout2120
+~`,~~.ij;~.+ .. ,,r.,_ . -,<~~,. , t.. y_~` ~. .....,. ;,.;.~.~.,- .,,.~.~..~, .. ; ....,,• . . ..-.- ~ .t„ : . . , . . . .. . .
==,,,.;? Sg~t$i~~t ~ Bank ~ ~ ~r~ Consumer Loan ,Note ~and ~Secu~ity Ag~eement : ~
=; .,.. ~. ~.
•~~~,• . • .
so~cneasc First National Bank of Fort Pierce
(Athl.atel Fla.
i he words /, me and my mean the borrawer and anyon~ ei5e w+:o s~flns_ The words you and youi reter to the Southeast Fiank
shown above. . •
Bu~rower's Name ~he~don~. i~ Susan Riflcin Address 2034 S. Ocean Dr. , Fort Piercd~atTelorida
•~•+~:~ ~ 3/3/81
Th~s ~s the agreement that covers my loan with you. I understand that anyone who s~gns this agree~nent will be Iegaily ~esponsible
i toyether and ~nd~vidually) fo~ repay~ng the total amount owed, unless they are only sign~ng to give you a:•alid secu~ity interest.
Promise to pay. To repay my loan. 1 prom~se to pay you the total ot payments shown in Item 1 1 below in 120 monlhly
,r~~ralments of 5~71_ 10 each I'll begin mak~ng payments on A ril 3; 19~ and w~ll
;:onc~nue to pay on the same day each month unt~l the loan is paid in full. I'll make payments in person or by ma~l at the otfice
~,ou spec~(y
Nern"s a breakdown ot my loan: ~
1 AmOUnt I reGO~ved ... ..... S 36~ ~Q~. 0~
~ App-a~sai fee S na
lFor Real Estate loansonly)
3 RPCOrdmg fee ... g na
~l Opaonal c~ed~t I~fe
,nsurance S na
5 Opuonal cred~t d~sab~l~ty
~nsurance . . . _ . . . . S `~
6 Stamp tax . . . . . _ . . . . . 5 54• ~
7 pther charges (expla~n)
na
S
8 Property insuranCe ~snow a+e~:,um ~I1,la aT.:ed :`.a:igA Ra~R!
A Flood~nsurance . ... S
for months
B Phys~cal damage
insurance ...._... . $ na
for mo~ths
'a Amount financed (1 th~u 8) . 53G_~054. 15
t.; FINANCE CHARGE _. g 32, 477. 85
made up of:
A Interest . . . . . . . . . 5 32, 427, 85
B Prepaid
FINANCE CHARGE -S ~~•~- JProcess~ng Fee1
!! Total of payments (9+ 101 5 6S 532. ~0 _
ANNUAL PERCENTAGE RATE .:.. 14__52 ~
NOTE: Items 2 through 8 above are expenses t~e Bank must pay-to
thud parUes
Ged~t Insurance. 1 understa~~d thal I don't have ro take out cre~~t I~~e
~.,ur~nCe G- CIP_d~t d~58b~1~(y msurance to quaDfy (or Ih~s ioan But if I
:: ~nt I Can purthase [h~s insurdnCe [hrouyh you. purchase ~t frpm
, r^~one else 1 choose. or ass~yn an ea~su~y pol,cy 1 want the
•~,urance checked below for the term ~f th~s loan
~ CrPd~t I~fe msura~ce on 8orrower's I~fe alone at the cost shown in
~tem 4. (Maximum allowable te-m ~s 10 years).
: CreA~t disabihty insurance on Borrowr.r (First named below) at the
cost shown in item 5. (Maximum allowable term is 5 yearsl.
:_: Jo:nt cred~t life insurance on Borrower ar.d Co-Borrower's life at
!he cost shown in rtem 4. '
`i ~r'7~YP.f 5
_ ,~ndiUrg
~ ~ Borrower"s
5~~;r~atu~e
(date)
Idatel
Real Property. ^(~f checked herei I am g~ving you a separate
( Mortgage •
~~~oss out one) l
Agreement Not to Encurnber or Transfer Property
~~~ secure th~s loan on property bcated at:
(l-dclress of encumbered prope.ty)
rou nave already g~ven me the requued Not~ce of R~ght of Resasswn.
i u~derstand th~s means 1 have three (3) busmess days to change my
~,~nd and cancet th~s loan I understand that you w~ll start charg~ng
m.~ InI°I@S1 O!1 ~ ~9
Rdd~tionsl agrs~m~nts and provisions on rsvsrs~ sids. I have read
~^e add~aonal agreements and prov~s~ons on the reverse s~de ot this
3qreement and I understand and agree to them.
i~ I f th~s box is checked. is s~gn~ng th~s agreement only
~ to q~ve you a val~d secunty ~nterest and wdl have no personal legal respons~bibty on the loan
a
w
N
v
~
0
~
~
a
N
w
~
J
a
~ understand that this agreement, and ~F checked above. a document encumbering real property, conia~n all the terms
and cond~bons covering my loan If any part of either of them is unenforceable, the remaining parts will remain valid. 1've I
read t~' agreement an cknowledge that a fully completed copy of rt was furnished to me before I signed it_ • ~
~,~~~GLGr~~~ ,,~ ~ .
lseal) tseal) --
Sheldon H 'iflcin ~~~~3~9 Pav~2~~,•~ Susan Rifkin ;
eal) (Sesl);
Property Insurance. I w~ll keep the property securmg this loan
u~sured agdmst loss or damaqe I ur.derstand that I may purthase th~s
~nsurance through vou. ~n wh~ch case Ihe cost and term w,ll appear ~n
the loan breakdown (8 A& BI. or t-om anyone else 1 choose E~the~
way. 1'll make the pot~cy payable to you.
1/ 1 dun't keep ~t insured or pay premwms on t~me. you can pay them
tor rne or cancel the policy and get insurance etsewhere I(•you do
purchase such ~nsurance elsewhere. you can select ~nsurante which
protects only your ~nterest in the coHateral or wh~ch protects my
~nterest and yuur ~nterest. and ~n e~ther case f w~ll pay tor any
prem~ums ycw advance w~th interest computed at an ANNUAL
PERCENTAGE RATEot 18X.
Right to prspsy loan. I can prepay the entire batance oi my ban at
any time. (( 1 do. you will refund a portion o( the FINANCE
CHARGE t~gured by the sum-of-the-digits method (a tommonly
used (ormula for figuring retunds on instalment loansl. 8ut you won't
refund any part ot tt~e processing tee (item tOB).
Late peymants. If 1 haven't pa~d an instalment w~thin 10 days ot the
date ~t's due. 1'll pay a late charge equal to 5% ot the overdue
~nstatment. but not mure than S5. Th~s charge w~ll not apply to loans
over S50,000.
Collection costs. 1'll pay any collect~un costs. mclud~ng reasonable
attorney"s fees. ~t you take collect~on action ~
Entire balance due. II 1 don't pay a~ ~nstalment on t~~ne o~ if 1 b-eak
a:~e oi my pron~~ses under th~s agreeme~t, you can reqwre me to pay
the ent~re balance of my loan (less the retund of FINANCE
CHARGE ~o wn~c-. I would be enutled in the event of prepayment)
at unce w~thout noh~y~ng mg ~n advance You can also do th~s ~f 1.
rn~titi 7 p~ym~~nl on another debt 1 owe you: made m~slead~ng
~.rarements on my appt~cat~on, become ~nvolved m bankruptcy ar
~n{u1~~tnCy p/OCgt~dmqs_ or die
Security. To protect you it I(a~l to repay this toan. ( g~ve you as
c~tiaterat a"secunty ~nterest" under the Flonda Urn(orm Commerc~al
Code m the (ollow~ng propPrty atong w,tn any replacement parts.
art~i~t+ons or equ~pment attached to ~t wh~ch 1 own. ptus any proceeds.
return prem~ums and rebates (rom any credu insurance or insurar~ce
on the property sPCUr~ng th~s loan 1 also understand that th~s loan w~ll
he secured only by tAe coltateral descnbed beiow regardless o( any
secunty prov~s~ons that may appear ~n other loans I may have with
you .
l:,n~l,~ Rlnck 16~tasf s~c~e Unit 2 accordin~ to
the plat thereof recorded in Plat Book 11, pag 6
$,--v~e--Public-recvrs}s=o£~~~crie-~.au~t~-- •l
Florida ~ ~