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--~'= _ Southeast Bank ~~~' ~~ Consumer Loan Note and Security Agreement
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so~~~easc First National 8ank of Fort Pierce ~'ort pierc~~ _ F~a.
IAtld~atN •
The words /, ms end in mean the bor~ower and anyone else who s~gns• The words you and your re~er to th8 Southeast Bank
;hown atw~e. Ar~hur M. Lessard .
a~,-~We~'s Name Annette Lessard Address2~Qj S0.29th St. , Fort Pierce, Fla Date
. . . 3I10/81
Tn~s is the agreement that cove~s my loan w~th you. 1 understand that anyone who signs this agreement w~ll be lega~~y responsible
Icoyether and individually) ior ~epaying the total amount owed, unless they are onty signing to g~ve you a val~d security interest.
Promise to pay. To re ay my loan, l prom~se to pay you the total o( payments shown ~n Item 1 1 below ~n monthly
~~~scatme~ts ot S~ 21 •~4 each. {'1{ begin mak~ng payments on ,Aptil 1i2.. 19 g~ -and w~IF
cont~nue to pay on the same day each mo~th until the Ioa~ ~s paid in tufl. ('ll make paymenis in person or by mail at the office
you speci(y. • •
Nere's a breakdown of my losn: P~oQerty lnsu~ance. l w~ll keep the propeety securing this loan
1 Amount I rece~ved ......... S 5 s~~Q_ ~~ ~nsured aga~~st loss or damage 1 unde~stand that 1 may purchase ~his
2 Appra~sal (ee .......•. ~____!llsl... msurance through you. in wh~ch case the cost and term w~ll appear ~n
~For Reat Estate Loans onty) the loan breakdow~ IS A~ B1. or irom anyone else i choose. E~ther
n/a wav• I'll make the poticy payable to you.
3 Record~ng fee ...... .... 5 If I don't keep it ~nsured or pay prem~ums on t~me, you can pay them
~ Opt~onal cred~t I~fe for me or cancel the pot~cy and get ~nsurance etsewhere. If you do
~nsurance - • . - - • • . - S ~_a purchase such ~nsurance elsewhere. you can select insurance which
5 Opt~onal cred~t d~sab~l~ty ~ protects only your ~nterest in the collateral or wh~ch protects mY
. 5~a t nd our ~nterest and in e~ther case 1 w~ll pay (or any
~nsu~ance .•-•-•........
6 Stamptax --- ----- -----5 7-6~
7 Other charges (expla~nl
S il~d
S Property insurance t:nowo~e~r~~~+~i t~~~cen thrp~yh bdok)
A Ftood insurance . . . . . . 5 ~ 11~~
for months
B Phys~cat damage
~nsurance ........ _... 5 ~a
for mOnths C
'~ Amount (~~anCCd (1 thtu 8) S-.J~.Q7 _ 65
t n Fi NANCE CHARGE ... _. 5~.Q$-Z~-
mdde up of:
q ~nterest . . . . . . . . . . . . . . . S 2 258_ 75
B Prepa~d 5~ _ ~~
FINANCE CHARGF•5 (Processing Fee1
i ; Tota1 of payments (9+ 10! . . . . . . . . - . . 5 ~~1~2-~I-
ANNUAL PERCENTAGE RATE . _ . . . ~5. ~~~.%
~vOTE: Items 2 through 8 above are expenses the Bank must pay to
th~rd pa~hPs
Credrt Insurance. 1 understand that I don"t have to take out ccedrt l~fe
,.:,~ance or cred~t d~sab~l~ty msurance to quahty for th~s ioan But ~1 I
:I•. ane I can purchase ih~s ~nsurante through you. pwthdse ~t frvm
nNene else 1 choose. or ass~yn an ex~sUng pol~cy t want the
-~,urance checked below for the te~m ot th~s loa~.
_~ Cred~t 1~(e insurance on Borrower's hIe alone at the Cost shown ~n
~tem 4(Maximum allowable term is 10 years).
^' Cred~t disab~lity insurance on 8orrower (F~rst named below) at the
cost shown in item 5(Max~mum allowable term is 5 yearsl.
~; .;o~n[ credit life insurance on Borrowe- and Co-Boirower's Gfe at
tF,e cost shown in item 4.
3 ;~rower's
~,;nature
Idate!
Cp BorrOwer'S
~;~;nature
Idate)
Reat Propsrty. O(~i checked he~e) I am g~v~ng you a separate
( Matgage
Cross out one) 1
Agreement Not to Entumber or Transfer Property
t~~ secu~e th~s loan on property located at
(AddMflO~ fnCYrtlbf~ld WOpl~IY)
~ou have already givsn me the required Notice ot Right of Resc~ss~on.
t undr_rstand this means 1 have three (3) bus~ness days to change my
~r~~d and cancel this loa~. 1 underscand that you w'sp start charging
--~? interest On ~ • 19
.~dditional agrNm~nts snd provisions on rsv~rs~ sid~. 1 have read
cr.e add~uonal eg~eements and provis~ons on th~ reverse s~de of thls
~^.reement and 1 understarxf and agree to them.
~nte~es a y .
prem~ums you advance w~th interest computed at an ANNUAL
PERCENTAGE RATE ot 18%.
Right to prspay loan. 1 can prepay the entire bslance ot my loan at
any time. It I do. you will retund a pariion ai the FINANCE
CNARGE tigured by the sum-of-the-digits method (a commonly
used iormufa for f~guring refunds on instalment loans). But you won't
refund any part of the processing (ae (iteM 108-.
Lsts paymsnts. If 1 haven't paid an instalment within t0 days of the
date iYs due. 1'll pay a late charge equal ta 5% of the overdue
instalment. but not more than S5. This cha-ge will not apply to loans
over S50,000.
Collection costs. 1'll pay any callection costs, i~cludtng reasonabte
attorney's fees. if you take collect~on action.
Entire balance due. 11 1 don't pay an ~nstalment on t~me w it 1 break
one of my prom~ses under th~s agreement. you ca~ requ~re me to pay
the ent~re ba~ance ot my loan (less the re(und o~ FINANCE
CHARGE to w`~~ch I would be entitled in the event ot prepayment)
at once w~thaut not~fying me ~n advance. You can also do th~s ~f 1:
n.~ss a naYment on another debt t owe you: made m~sleadmg
statements on my appi~cabon. becorr~e involved ~n bankruptcy or
~nsnlvenCy proceed~ngs: Or die
Security. To p-o~ect you ~f 1 fa~l to repay this ioan. I g~ve you as
co~~ateral a""secunt{ ~nterest" under the Flo~ida Urntotm Commerc~al
Co~ie ~n the lollowmg property atong w~th any rep~acement parts.
ad~i~nons or ~wpment anached to it wh~ch I own, pius any proceeds.
return premiums ancf rebates from any credit insurance or insurance
o~ thN property secunng tMs loan I also understand that th~s loan wdl
be secured o~ly by tHe collateral described below regardless of any
secur~ty prov~s~ons that may appear i~ other (oans 1 may have with
you
lot 28 of Slock 2 of Fairlawn Subdivision
according to the Plat thereof as recorded ~
a
in Plat Book 6 at Page 5 of the Public ~
Records of St. Lucie County, Florida.
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~ if th~5 bOx is CheGked.
!o gwe yuu a va1~d security interest and wdl have no pe~sonal teya~ respons-b~hty on the loan.
is sigrnng this agreement only
; understand thet this agreement, and if checked above. a document encumbering real property. contain all the terms
and condit~ons covering my loan. It any part of either of them is unenforceable, the remaining parts w~ll remain valid. I've
read th~s agreement and acknowtedge that a fully completed copy of it was furnished to m fore I signed it. .
tseall fseal)
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Arthur M. Less ~ p~~~ , ~ Mnette Lessard _ _ : . ~ - =
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