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