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Home My WebLink About0723 ^~~~~~;~i~ . , . t . - ~;; ,:; ; Southeast Bank Consumer Loan Note and Security Agreement - • ;.•. '~~f~~•~` 26-0138 ~ ' ~ ' • - . Sou~heasc - First NationalBank ofFort Pierce Fla (A//~INIf) ' The words 1, me and my mean the bo~rowet and anyone else who signs. The wo~ds yoa and youi refer to the outheast ank shown abOVe. ~ ' ~ : _ ~ aorrower's Name granlclin b Billie Stires Address 1116 Beach Court, Fort Pierce, Q~rida - :.. . . - . . .:... 3,~0~8~ ~~ . r Th~s ~s the agreement that covers my loan with you 1 unde~stand that anyone who signs this ag~eement will be legally ~esponsible ;cogeche~ and individually) for -epay~ng the total amount owed, unless they are only signing to give you a val~d secur~ty interest Promise to pay. To ~epay my loan. 1 prom~se to pay you the total ot payments shown in Item 1 1 below in 60 monthly :~~,talments of S 257.06 each. I'll beg~n mak~ng payments on April 10, 19 81 and will , unt~nue to pay on the same day each month untd the loan ~s paid in tull. I'll make payments in person o- by ma~l at the oitice ,~.u specify. _ N ere's a breakdown of my loan: t Amount I recerved .. S 10 , 000. 00 2 AvP-a~sal tee - . . . . . . S ri8 IFor Real Estate Loa~s onlyl 3 Recording fee . . . . . . 4 Ophonal tredit Ide insuranCe . ........ 5 Op~~onal cred~t d~sab~I~ty ~r~su.ance . . . . . . . . . . . . . . ~ Stamp tax . - - - . . . . . . . . 7 Other Charges (eapla~n) S na S 578.39 . . S na S 15.90 S AS 8 Property 1(15U~af1C6 IsAOw prem~um d 6nanced tMOUgh bankl A Flood inwrance .. S na for months B Phys~cal damage ~nsurance ..._... S na for months + Amount tmanCed (1 thru 8) S 10~594. 29 ~,.~ FINANCE CHARGE . ...._ S_ 4,829.31 made up of: A Interest .............. g~~779.31 R Prepa~d FINANCE CHARGE--S 50.00 (processing Fee) ~ t Toral of payments (9+ 10) . _ . . . . $ 15}423_b0 ANNUAI PERCENTAGE RATE . . . . _ . . 15.90 qb ~10TE~ Items 2 through 8 above are expenses the Bank must pay to thud parties. i.rod~t Insurance. I understand that 1 don't have to take out credit I~fe .;~ance o. cr~ci~c d~sab~l~ty ~nsurance to quat~ty /or th~s loan But if I •• +~~c I can purchase th~s msurance through you. purchase rt from •^~one e~se I choose. or ass~gn an ex~shng pohcy 1 wam the ~~,~ance checked below (or the term of th~s loan 'n Cred~t I~fe insurance on Bor~ower's lite alone at the cost shown in ;cem 4_ (Maximum allowable term is 10 years). "; Cred~t d~sabdity insurance on Borrower IFust named below) at the cost shown in item 5_ (Maximum altowable term is 5 yearsl. :; Jo~nt credit life insurance on Bor~ower and Co-Borrower's li(e at cne cost shown in item 4. ~J ~, rowPr's~'=s~~~~ v ~L ~ na[ure ~. ~~ Borrower"s Franklin Stires (date) "-U';ndtU~C ~ Idatel R eal Propsrty. O bf checked here) t am grv~ng you a separate C~oss out onel { Matgage ~ Agreement Not to Encumber or Trans~e- Property ~~ secure th~s loan on property located at (Add~lSS O~ C~CUmblfld p1(~pel(Y) '• ~~u nave already given me the required Nouce of Right oi Resc~ssion. ~ u nderstand th~s means I have three (31 business days to change my ~--~nd and cancel th~s loan. 1 understand that you w~ll start chargmg ~- ~ ~nterest on 19 . ACe~cional sgrNm~nta and provisions on r~v~rs~ sid~. I have read ~~e addinonal agreements and prov~sions on the reverse side ot this ;~:reement and I understand and 3gres to them. :~ f?!+~s box is checked. is s+gning this agreement onh- ~o g~ve you a va1~d security ,nterest and w~ll have no Dersonal bgal respons~b~firy on the loan. -~-3_ ~ understand that this agreement, and if checked above, a document encumbering real property, contain all the.terms and cond~hons cover~ng my loan. IF any part of either ot them ~s unenforceable. the rema~ning parts will remain valid. I'va read th~s agreement and acknowledge that a fully Completed copy of it as furmshed to me before 1 signed it. •. ~a, . .. ::~ . i - r ._.. .. • , • ~•:, i. s~. ~ - - Iseall - . `. (seaU Franklin Stires gpr~~ PAGF ~~ :l ~ Billie Stires ~'~~s:. <' .•:. ;.-~ ~,~ . ~ - (seal) . . ' `~' •~j~'~~~` (seaq ~ • - ' . • • -~'~r.=~. .., . . " • ' ' ~ .~a _.2__; _ . ~ _ ' P~ops-ty Insurancs. 1 w~ll keep the property securing this ban ~nsured aga~nst loss or damage. I understand that I may purehase ih~s ~nsurance through you. ~n which case ehe cost and term will appear ~n. the loan breakdown (8 A b B!. or irom anyone else 1 choose. Eithe~ way. 1'll make Ihe policy payable to you. tt I don't keep it ~nsured or pay premiums on time, you can pay thern fur me or cancel the policy and get insurance elsewhere. I( you do purchase such msurance elsewhere. you can setect insurance which protects only your ~nterest in the collateral or ~wh~ch protects my ~nterest and your interest. and ~n either case 1 wdl pay fo~ any prem~ums you advance w~th interest computed at an ANNUAI PERCENTAGE RATEof 18%. ~ Right to prspay loan. 1 can prepay the entire balance of my ban at any time. I( 1 do. you will refund a portion of the FINANCE CNARGE Ggured by the sum-of-the-digits method (a commonly used formula lor figunng refunds on instalme~t loansl. But you won't refund any part of the proceSSing tee (item lOB). late payms~ts. I(1 haven't paid an instalment within 10 days of the date iYs due. 1'll pay a late charge equat to 5% oi the overdue mstalment. but not more than S5. This charge will not apply to loans over 550,000. Collection costs. 1'11 pay any cotlection costs, includ~ng reasonabte altorney's (ees. ~f you take collect~on action. Entire balance due. Ii I don't pay an instalment o~ ame or it 1 break une oi my prom~ses under this agreement, you can require me to pay the enare batance ot my toan Iless the refund oi FINANCE CHARGE to wh~Ch I woufd be entitled in the event O~ prepayment) at once w~thoui notdying me ~n advance. You can also do th~s d 1: m~ss a paymeni on another debt 1 owe you: made mistead~ng ~~aren~er~ts on my appl~cat~on. become invotved in bankruptcy or ~nsolvency proceedmgs: or d~e Security. To protect you if I fail to repay this toan. 1 grve you as cotlateral a"secunty mterest" under the Flor~da Urnform Commercial Coc1e ~n the lollowring property along with a~y replacement parts. ndd~t~ons or equipment attached to it which t own, plus any prp~eecfs_ return premiums and rebates from any c-ed~t insurance ot insurance on the property secunng th~s loan I also understand that th~s ~oan w+ll be secured only by the coltate~at descr~bed betow regardless of any secu.ity prov~s~ons that may apo~ar ~n other loans I may have w~th y0u. Lot 25, Block 23, of Pine~rood Subdivision as per plat thereof on file in Plat Book S, o at Pas~e 24 of the Public Records of St Lucia County, Florida ~ _ n ,.,~. ~ ; w i'. N • •• O ' O 0 . - ~ '~ o a . ` :i;: a~ ~ J N