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=== :=; ~Southeast Bank ~~~' Consume~ ~Loan Note and Security Abreement
'..,,-. . .
~""~`~ 26-0133 ~
Soutneast First Nationai Bank of Fort Piercc
Fla.
IAlhbaw!
Tne words /, me and m~ mean the borrower and anyone else who signs. The words ~ou and your refe~ to ihe Southeast Ha~k
shown aDove. ' ' ~
E3orrower's Name garry E. ~ Mary A. Wise Address 5008 Bi rch Dr. , Fort pieice, FLot3M~e
3/3/~1
~n~s is the agreement that covers my loan with you. 1 understand that a~yone who signs this agreeme~t will be legally resoon~;:.~c
~oyethe~ and ~nd+viduatly) for repay~ng the total amount owed. unless they are o-~ly s~gning to give yau a valid s~cur:~y ~~~terest.
Promise to pay. To repay my loan. I prom~se to pay you the total ot payments shown in Item 1 1 belo~nr ~n 1« monthly
~~~scalments o( S 101.28 each 1'it beg~n makmg payments on April 3. 19 81 ~nd will
,~:~ne~nue to pay on the same day each month until the loan ~s pa~d in full I'll make payments ~n person or by ma~l at the o(fice
ti uu specify. ~
H ere'a a b~~akdown of my losn:
t Amount 1 rece~ved S 6. 500. 00
? App~a~sal tee . . . . . a na
( Fo~ Real Estate loans only)
3 Hecording Iee ... .. . 5 na
a Opt~onal cred~t hfe
~nsurance ... . S na
`~ Opuonal cred,t d~sabd~ty
~nsurance ......... . . ... $ na
~ Stamp tax ..... . . S 9. 90
7 Other charges (explam)
S na
8 Property I~15U~a~1C@ IsAOw Wem~um ~~ r~~a.~ced Ihrpiyh Dan4)
A Flood ~nsurance . S [l~
fo~ months
B Phys~cal damage
insurance ...._....... $ na.
(or n~onihs
~; Amount f~nanced I 1 thru 81 .. 5_ 6, 509. 90 _
~c FINANCE CHARGE g 5,643.70_ _
made up of:
A Interest . . . . . . . . . . . . . S S , 618. 70
e Prepa~d 25.00
FINANCE CNARGE 5 (P~v~essing Feel
~ t Tota~ of payments (9+ 101 _. S 121153. 60 _
ANNUAL PERCENTAGE RATE ... 14.05 96
NOTE: Items 2 through 8 above are expenses the Bank must pay to
thud parties
Credit Insurance. I understand that 1 don't have to take out creci~t I~te
~~~.u: ance or cred~t d~sabd~ty ~nsurance to qua4ty lor th~s Ioan But ~I i
.::an;. 1 C0n purChaSe ih~5 ~n5urance throuyh you. purchase it frum
,,mecnP else 1 choose. or •ass~gn an ex~shr~g pot~cy I want the
~~~,rance checked below for the term ot lh~s loan
"~ C~edit bfe ~nsurance o~ Borrower"s life alone at the cost shown in
~tem 4(Max~mum allowable term ~s 10 yearsi.
_~ ~red~t disab~lity insurance on Borrower ~F~rst named below) at the
cost shown in item 5. (Max~mum allowable term is 5 years).
^; Jomt tredit Ide insurance on Borrower and Co-Borrower's lite at
the Cost shown in item 4.
~ ,~rowel'S
S: ~naturg
Idate-
C+~-3~rrpwer'S
~ ;~ature
(datel
Real P-operty. O(~f Checked here) I am grv~ng you a separate
Mortgage
:~o5s out one) {Agreement Nut to Encumber or Transfer Property
~ t secure this loan on property located at~
.
(AddrQSf O~l~CU«~b-rld prOplrty)
;~~_~ have already g~ven me the requ~red Nonce of R~ght of Rescissiun.
~ u~derstand th+s means I have three 13) bus~ness days to change my
~~~nd and cancel thas loan 1 understand thai you wdl sta-t cha-g~ng
~-~•~ ~nterESt on . 19 . .
Add~tional sgrNmsnts and provisions on r~verss sid~. I have read
~~ add~t~onal ag~eements and prov~sions on the reverse s~de of [his
~~~eement and I understand and agree to them
P~opsrty I~sura~ce. 1 w~ll keep the p~operty secunng th~s loan
~nsured aga~nst ~oss o~ damage I understand that I may purchase th~s
~nsura~ce through you. ~n wh~ch case the cost and term w~ll appear ~n
the ioan breakdown (S A dc BI. or trom anyone else 1 thoose E~ther
way. I'!~ make lt~c pof~cy payable to yau
If I don't keep ~t ~nsiued o~ pay p~em~ums on t~me. yuu can pay lhem
tor me or cancet the pol~cy and get ~nsurance elsewhe~e If you do
purchase such ~nsurance elsewherey ouu can select msurance wh~ch
protects only yc,ur ~nterest ~n the collateral or which protects my
,nterest and your ,nterest. and ~n e~ther case I w~ll pay tor any
prem,ums yo~ advance w~th ~nterest tomputed at an ANNUAI
PERCENTAGE RATEoi 189~.-
Right to p~spay losn. I can prepay thu entire balance of my bsn at
any time. If 1 do. you w~fl refund a port~on of the FINANCE
CHARGE figured by the sum•of-tt~Q-digits method la commonly
used form~la for tiguring refunds on instalment loansl. But you won'!
re(und any part ot the processing tee (item IOBj.
Lats psyments. 1/ I haven't pa~d an instalment within 1 O days oi iF~e
date iYs due. 1'll pay a late charge equal to 5% ut the overdue
~nstalment, but na~ more than S5. This charge wi~l not apply tn loans
over S50.000.
Collection costs. I'll pay any coltect~on costs. includ~~g reasonable
attorney's fees. +1 you take coltect~on action
Entire balance due. I( 1 don't pay an ~nstalment o~ t~me or it 1 break
une ot my prorn~ses under th~s agreement. you can requ~re me ta pay
the enure hai.+n~e oi my loan ~Iess tbe retund ot FINANCE
CHARGE to wn~cn ~ woutd be ent~tled ~n the event of prepayment)
at unce wrthout nohty~ng me m advance You can also do th~s il 1:
m:ss a paymer~t on another debt I owe you. made m~sleadmg
tt;,tements on my a~pl~cat~on. becume invo~ved ~n bankruptty or
~n~,~iiven~y pro~cedFnqs. or d~e
Security. 7o proteci you ~f I ta~l to repay th~s toan. 1 g~ve you as
co!tateral a"seu~r~iy ~nterest" under the Flor~da Urntorm Commerual
Cucie ~n the iu!tow~~g property atong w~th any replacement parts.
acid~t~ons or eGu~pment attached to ~t wh~ch I own, plus any proceeds.
return prem~ums and rebates (rom any cred~t ~nsurante or ~nsurance
on the property secur~ng th~s loan 1 afsu understand that th~s loan v-~11
be secu~ed or~ty by the co~leteral descr~bed below regardiess of any
5ecurily ptov~s~ons tha[ may appear ~n other loans I may have w~th
you
Lot 5, Block 45, Indian River Estates, Unit 7,
Subdivision according to [he Plat thereof
filed -in Plat Book 11, Page 75, Public
Records of St.Lucie, Florida
; i t ch~s box is checked. is s~gn~ng th~s agreement only
~~> q~~e you a vahd secunty ~nterest and w~ll have no personal legal ~espons~Ml~ty on the loan.
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i~~~derstand that th~s agreement. and if checked above, a document encumbenng real property. conta~n all the terms
~~~~~1 cond~ao covering my loan If any part of either of them is une~forceable. the ~ema~nmg pa~ts w~ll rema~n valid. I've
~ead th greement and acknowledge that a fully completed copy of it was iurnished to me before I signed it.
~dr~,~,~.,4 ~~N~~-~/ ~ic•~r ~ (seal) ~~i~~s~ G~G~.G!/ .~`/,!.dfi (sea11
Harry z. ~lise ~Mar~/ A. Wise ~~ s~ _
(seall , ~~. S~~ oir•~r ~7 ~T -" (seaq
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