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HomeMy WebLinkAbout2100 ~ INSTALLMENT PAYM~NT NOTE ~~~~4•~~I~R~nk ca~ar;.1 ~I• F,o. r.•.s:o-~r oate Ma rch 13 . t~L In this ~ote, the words I, A1 ti11NE a~d MY mcan each and~a~l of those ~vho sign it. The words YOU, YOUR and YOURS mean: ~orida National Bank of Ma~tin Countv ( Name o~ Bank) Te~ms ot Repayment Insu-a~ce on Collateral To repaY my loan. 1 promise to paY YouS ~ .~Q~5=9? I undcrstand 1 wil! have to keep the col4aterat tu{{y insured against ~ Thi rty two thousa d thir~y f3vP lou or damage. 1 may obtain this coverage th~ough any person ot my and------------92/ 1~~ dollarsl. choice. lf I fail to provide insurance, you may obtain coverage to pro- I'll pay this amount at one of your oifices in a total of ~4 tect you~ security interest, passing the cost ot p-emiums o~ to me, plus f hi t s note. interest at a rate not to exceed the annual percentage rate o monthly installments, consisting of $4 payments of S 381. 38 each, and one finat/balloon payment of Late Charge ~ g NA , Payments will Ue due on the~3._ day of If I don't pay any installment withi~ 10 days of ihe day 't's due. I each mo~th beginning on A.T ~I ] 13 Z.gSl_. • will have to pay a late charge of 546 of the late, or unpaid ir :-;Ilment. Ne~e is the breakdow~ of my toan: 1. Loan Proceeds (Amount I receive) S 19(10(1 _(1[1 Late, Partial, or Ir~egutar Payments 2. Flwida Oceumentary Stamp Tax S____.Z$.$Q You can accept late payments or partial paYments, and you ~vi{I nut 3. Credit Lite Insura~ce S ~ lose any oi your rights under this note or the law. You can also delay 4. Credit Oisability Insurance 5--Q enforcing any of your rights under this note without losing th~se 5. Other I nta~nai bl,_ e S~.-~Q- rights. Shauld i fail to meet the responsibilities 1 have under this 6. Other Recordina f~ PP $ ~n Qa note, I understarxl that untess 1 am excused from that respons+bili^r 7_ Othec ~T7'ldShc $-$~-- in writing by you, you will not lose any ~ights you may ha~° a;a~ ~st 8. Other S -~-- me on the note. ~ ~ ~ ~ 9. Amount Financed (add 1 thru 8) 10. Acquisition Fee ~ 9 . t3iner 12. Other _ 13.Interest ~4.F{NANCE CNARGEc~aa, 15. Total of Payme~ts (add 9& 14) S ~,r8A S -SptpA-_ - ~ ~ _ S .~;---- S ~-~7 Q~ ~~;-.-;2 Othru 1~ S ~?,~.$64~,12 5 32,035.92 :s. ANNUAL PERCENTAGE RATE 1~% THE INTEREST RATE CHARGED IS AUTHORIZEO 6Y CHAP- TER 656.17. F~ORIDA STATUTES. Credit Life Insurance and Disabiiity Insusance ^ Gedit Life,'Disability Insurance IS required for this loan (See itemized tinanoe cha~gel. X: Credit Life/Disability Insurance IS NOT required for this loan. NO charge is made for aedit insurance and ~o credit insurance is provided unless I sign and date the appropriate statement below: a) The oost af Gedit Life Insurance alone for the term ot the credit wiN be S an_ b) The cost of Gedit LifeandDisability Insur- ance for the term of the credit will be S_~ I desire Credit l.ife tnsurance Onty A ~ (Date1 ~ry (S~9nature) 1 desire Credit Life InsuranceOnly -~~A (Oate) (5i9nature) I desira Gedit life and NA Disability Inwranae (Datt) ( ~9~ature Collateral for the Loan As collateral for this toan, I give you a security interest in the follow- : r, prope . ~irst~ortgage on Lot 810 Section II ORA plus 1981 Fan Travel Tiailer ~ 0686 35'x8' and any accounts or securities or other property of mine that comes ~.ntoyour possession' at any time while this loan remains unpaid, and any money refunded or payable by any insurance company tfiat in- sures the collateral against loss. ('Possession means-deposited with :he bank in any form, such as checking, savings, or collateral vault.) C3A poration ~ ~- x C~l"~~~~'- ~:~1~~ . Rnrro iq~lalult ~..• C~~~{C , .~~%~'j?l ` Pres. ,; ~ ~ ~1~ r. ~ bo.rowA. Sq,ytu~~ . Indiv. sw* f:..... sron~w,. '•. .. _ 77 f~'~v. `O i91 Right to Pcepay Loan 1 may prepay the loan at any time. lf 1 prepay the loan in full, ~r ~f the loan is refinanced-that is, replaced by a new note•you will re=.r.d the unearned interest and any unearned Credit Life or Disabil~-r prem- ium, figured by the rule of 78's-a commonly used formula for figuring rebates on installment loans. However, you won't make any refund of fess than Sl; and you won't refund any pa~t of the aoquisition fee. Default I will be in deiault: 1. If I don't pay an installment on time; 2. If 1 fail to meet any responsibilities which 1 agree to assume,or; 3. If you reasonably deem this note or the oollateral to ~vhich you have a security interest in to be insecure. !f a~y ot the above defau{ts occur, you can then demand immediate payment of the balance of this note, ss~inus refunds f+gured by the Rule of 78's. You will also have all othe~ legal ~ights p~ovided You by the terms of this note or by the law, for instance, the right to re- possess, sell an~ apply security to the payments under this note and aoY other debts t may then owe you. Collection Costs If 1'm in defau{t under this note and you demand fu11 payment, 1 agree to pay you interest on the unpaid bafance at the annual rate of 10%. If you have to we me, or tum my acoount with you over to your attorney in order to collect what is owed you under this ~ote, 1 agree to pay your reasonabte attorr~ey's fees and court costs. Comakers Coborrowen Comakers are the same as coborrowers and cosigners. tf I'm signing this note as a comaker, l agree to be equaily responsible w~th the bor- ro~ver, although you may sue eithe~ or att of us. You don't have to ~otify me that this note hasn't been paid. You can change the terms of payment and release any security without notifying or ~eleas~ng me lrom responsibility on this note. Artanger of Gedit If someone other than the Bank has arranged this credit trarsaction, their name, address and signature of their authorized re~res=~tative is as fotlows: Ar~anger of Credit: Address: Signature of agent: Copy Receired The borrower acknowledges receipt ot a comptetely fitled-+n copy of this note. ~•~~~C~t, IVt~a~ V l9~ HAR 16 Ph ~ 12 ORAsslot 810 Jensen B ac ~to~nt~r:~- s ROG~R f~'G TRAS ~ CLERit Ct&:.U17 CQU': ~ ~'TT.T.~. . r ~s ~~ - Address ae~c ~~ ~~t~~~ aeress