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::;; ~:? o~tieast tfa~~k ~~~ Consumer Loan Note and Security Ag~eennent ;
' '"' ' ~ 6-0140 ~
,"„`` s~,~:r.z,sc ~` ~i~t National Bank of Fort Pierce ~/ Fort Pierce, FIa.
(411.rstN
Ti,e words l, me and my mean the borrowe~ a~d anyone else who s~gns. he words you and youi re er to the Southeast 6ank
shoWn above. ppnald F. leClair -. -~ ~ ~. ~- =:. 299 N.M. Floresta Drive :
a~~«oY,e~'sName phyllis J. leClair Add~ess port St. Lucie, Florida ~ace 3/13/81 '
_ i
Tn~s ~s the agreeme~t that covers my loan with you. 1 understand that anyone who signs this agreement wiU be legally responsible °
(coc~e~her and indw~dualty) fo~ repayiny the total amount owed. unless they are only signing to g~ve you a valid security inte~est. ~
Promise to pa~. To ~epay my loan. 1 prom~se to pay you the total of payments shown in Item 11 belova in 12~ monthly
~nstalments of 5~~+4.. ~ each. 1'll begin making payments on 4 j13 19~_______a~d will
conc~nue to pay on the same day each month u~til the loan ~s paid in full. 1'll make payments m person or by ma~l at the office
you s~c~Fy '
Here's a breakdown of my loan : Prope~ty Insurance. 1 wdl keep the p~operty setunng this loan
$
500
~~
1 Amount 1 rece~ved .. . ~nsured against loss or damage 1 u~derstand that 1 may purchase this
$
s
,
2 Appra~sat fee .-...---•.. S n~d ~nsurance through you, in which case ihe tost and term will appear in
(Fo. Real Estate Loans onty) the ban breakdown (S A de BI. or trom anyone else 1 choose. Either
"
3 Recwd~ng fee ....... .. way. 1
N make the pol~cy payable to you.
S n/a I( I don't keep it ~~sured or
pay p~em~ums on time. you can pay them
4 Optw~al cred~t I~te tor me or ca~cel the pol~cy and get ~nsurance eisewhere. If you do
~nsurance .. 5 ~ a4~.~8 purchase such ~nsurance elsewhere. you can setect insurance which
5 Opc~onal cred~~ d~saMt~ty . protects only your ~nterest in the collateral ot which protects my
n
n
rance n/a ~nterest and your interest. a
d in either case 1 w~ll pay for any
5
.. ...... .... .. .
~
su prem~ums you advance with interest computed at an ANNUAL
OO
~S
6 Stamp tax . . . . . . . . . . . . . . .
5
PEi~CENTAGE RATE oi 18%.
7 O~her charges (expla~n) ~
5 n/a
8 Property insurance tsnow ae.+.w~++~ ~M+~+cee rn.o~.gn w~+--
A Flpod inwranCe . . . . . . . S 11~d
fw months
B Ph~rs~cal damage .
~nwrance _ . _ . _ . _ . . . . . S ~~d
for mo~ths
9 Amount f~nanced ~ 1 thru 8) . . . . . . . . . . . . . . S ~.[_~
? 0 FI NANCE CHARGE . . . . . . . . . . . . . . 5 9 .180.62
made up of_
A Incerest -•------•--•---5 9,130.62
8 Prepaid
• FINANCE CHARGE-5 . IProcessi~g Fee)
~ t Tota! of payments l9+ 1 O! . . . . . . . . . . . . . S 19.,130 .40
ANNUAL PERCENTAGE RATE ...__..... 14-82 96
MOTE- Items 2 through 8 above are expenses the Bank must pay to
th~rd part~es.
Credit Irtsu~ance_ 1 understand that 1 don't have to take out cred~t 1~(e
~nsurance Or [tedrt d~sebdity ~nsurance to qual~fy for tl~~s ioan But d I
,vant. 1 can purchase th~s ~nsurance through you. purchase ~t trom
s~meone else 1 choose_ o: ass~gn an ex~shng pol~Cy I want the
~nsurance checked below fw the te•m o~ th~s loan
q Credit li~e mw~ance on Borrower's t~fe alone at the cost shown in
item 4. iMaximum allowabte term ~s 10 yearsy.
G' Credit disab~lity insurance on Ho~rower (F~rst named below) at the
cost shown in item 5_ (Maximum allowable te~m is 5 years).
; Jo~nt credit lite insurance on Borrower and CaBorrower's life at
the cost shown ~n item 4.
~SO~fOWef S
S~gnacure -~ . -
(datel
c~-ee.~ow~: s 3 _~ ~ ,.~~
S;gnature
ldatel
Right to prspay loan. I can prepay the entire balance ot my ban st
any time. If 1 do. you witl relund a portion of the FINANCE
CHARGE figured by ihe sum-ot-the-digits method (a cemmonl~r
used twmula for figuring refunds on instatment loansl. But you won't
refund an~ part of the processing fee (item 108).
Lst~ paym~nts. If 1 haven't paid an instalment within 10 dsys ot the
date it's due. 1"tl pay a late charga equal to 6% of the overdue
~nstalme~~ but not more than S5. This charge will not apply to bans
over 550.000.
Cotlection costs. I"II pay any collectan costs, including reasonabie
attorney's fees. if you take collectwn action.
Entire balanca due. Ii 1 don"t pay an i~statment on time or ii I break
one ol my prom~ses under th~s agreement. you tan ~equire me to pay
the enure bala~ce oi my loan (less the refund oi FINANCE~
CNARGE to which I would be enutled in the eve~t of prepayment)
at once w~tho„t noafying me in adva~ce. You can also do th~s ii 1:
m~ss a payment on another debt 1 owe you: made misleading
statements on- my appl~cauon: become invotved in bankruptcy or
~nso~vency proceed~ngs. or d~e
Security. To p-otect you if 1 lail to iepay this toan. 1 give you as
cotlateral a"secur~ty ~nteresY' under the Flonda Uniform Commercia{
Cocfe in the Eollow~ng property along with any replacement parts.
add~aons or equ~pment attached to it wh~ch 1 own, plus any proceeds.
return prem~ums and rebates from any credit insurance or ~nsurance
on the p~operty securing th~s loan I also understand that this loan w~ll
be secured only by the cotlateral descr~bed befow regardless ot any '
secur~ty prov~sions that may appear in other loans 1 may have w~th
Y~
Let 6, Block 272, Port St. Lucie, Section
Three, acc°rdin~ to the plat thereof. $
~
c
Real Propert~r. O(if checked here) 1 am g~ving you a separate Pages ~3A
dS reeor~~ in Plat Rpnk 12 "
Matgage ,
iCross put o~e) ~
AcFesment Not to Entumber or Trans(er Property
through 13I ~ uf the PubliC .ReC01'dS of
~o secure this loan o~, property located at: -- • ~
. ~
- ~
~
.~ : . ~ ~
. St
_ Lucie Countv, Florida.
. . u~ee~.:sd..~,.~.w..ba~,~
You hav~ stready given me the requ~red No[ice of R~ght ot Rescissiun. " ' ~'~:;:
` rya;-
='•
' -
• ~
! urderstand dus mea~s 1 have three (3) bus~ness days to thsnge my ;
.
`,
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~ ' -• ~ ~
mind a~d pncel th~s loan. 1 understand that you vinll StaR charging ." _ -.' :"--:~: -•» ...
'-
' ~
-
ms intetest on ' 19 . r
.: ~ ~.: . ~_ .
~ -~ •
-. -';
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Additional a~Nm~+m and provisans on n~r~rs~ sid~. l have ~ead- :. .,. : , ... ~•~•
!he add+tional sgraements and provisions on ths nverse side ot this - ~ ' ; . ~ r: ;~ %,' ; ;~~~rx f; #'= • . ~ i
a9~!l~if~ft[ ind I Yfldl~Stind and 39tAf 10 dllfR- `' ' ~
O- If this bos is thecked. ' - • - - - is signi~y this iyrKment onlr -
to givs you•s vald seturity ~nterest and w~ll hsvs no psrsonal Isgal resppn3ibdiry On the IWn: ••~ '-,.: '• _
M
.. ~ y . . .. .. -
1 understand that- this agrcement: and if checked above. a document.encumbering reaf property, contain• all the t~ms _~~;
artd condiC overing my loan_ If sny part of either of them is unenfo-ceable. the remaining parts vvill~remain valid 1've~. ••_
read this ment snd ac h a fully completed copy of it~was tumished.to me befwe~l si~ned it. =.<•`~;~,=_`_•
Iseaq . . . ~...~.~ . ~; . :. . -• - . ~ _ ~ `'~ ^' k~sesll.
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