HomeMy WebLinkAbout0490
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--~,;;, South~ast Bank
"'%"'~`~ 2 b= J 143
Consumer Loan Note and Security Agreement
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' so~~~~H:,g, First National Bank of Fort Pierc~ Fort Pierce, Fla
~ntn~~,~cr-
i he words !, n-~ and my mean the borrower and ai~yone etse who s~gns. The. words you and your ~efer to the Soutneast Bank
~hcwn above
~~.~rrower'sNa~~~~ James E. Malone & Ann B. Malone a~~ress 4005 S.Indian Riv. Dr.,Ft.Pierce ~3ce3 13/81
T~;~s ~s :he agretltnent that covers my loan w~th you 1 understand that anyune who signs this ay~eement wdl be :egally responsible
l;oc~ether and ui~lw~dua11y1 (or rep~iy~~~g the total amount owed, uMess they are only s~gn~ng to gwa you a vat~d secunty interest.
Promise to pay; To repay my loan. i prom~se to pay you the tota~ of payinents shown in Item 11 below ~n 1?(1 monthly
,;alments of ~~36 _ 5~ each I'll beg~n makiny payments on 4f 13 19 81 ~nd w~ll
~nt~nue to pdy on the same day each mcnth unUl the loan ~s pa~d m(ull I'll make payments ~n person or by ma~l at the office
~u suac~(y . • _ ~
:-; ere's a breakdi~wn of my loan: Property Insura~ce. 1 w~ll keep the property secur~ng th~s loan
1 Amuunt i re~q~ved .. S 21 ~~~~•~~ inwred aga~nst loss or damaye 1 understand that 1 may purchase th~s
insuranee thro~igh you. ~n wh~ch ca~e the cost and term will appea~ ~n
~ Apora~sal t.-d .__. 5 ~~a thP loan breakdown (8 A& BI. o~ (rom anyone etse I choose Erther
:FCr R?~I E5t~t9l.o3nSOn{y) W~y I'll make the pobcy paYable to you.
?• Reco~d~ny lao _ .
: Op[~Onal C~a~~~R ~~(e
in5uranCe
'~ Opt~onal crH,lit d~sab~l~ty
~nsurance .._.
ti S[amp t8x _ _ , , . ,
/ Other c~ar~Jo9 (expla~n)
5 n!a If 1 do~ t kezp ~t ~nsured or pay prern~ums on time you can pay them
tor me or cancet the pol~cy and get ~nsurance etsewhere If you do
S n~d purchase such ~nsurance elsevehere. you can select ~nsurance wh~ch
p~;;tects onty your ~nterest ~~ the collaterat or which protects my
~nterest and your ~nterest. and m e~ther case 1 will pay (or any
S n~a prem~ums you advance w~tn ~nterest computed at an ANNUAL
5--~1 •b~ PERCENTAGE R/1TEut 18~6-
S n/a
3 Property IflS~lf 0l1C@ (S~~>w U~~~:^:~rt~ ~f findn..e~1 thr~
nLa .~yT Dd~~k!
A Floai ~n>~uance .. S
--- -
fo~ __ mUnthS
B Pnys~cal •~~mage
~ ~nsurancq . . _ . $ --n~a - - -
to- _~_ montns 2~ 031.b5
S
'
, Amount fina~~rPd f 1[hru 8) --
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~. ~i Fl~NANCE ~HARGE 5 ~9_:349.55
made up ,~~
A ~nce~e5~ - - - - - . . . . . S 19 , 299 . 55
B Prepa~cl 50.00
FINAN~;E CHARGE ~S ---
- lP~ocess~ng Fee)
381.20
40
' Toralofpav~~~ontsl9+t0- _
,
5
~`~
~$ ~
ANNUAL wERCENTAGE RATE -
~
'a~T~- t~ems 2 Ihrough 8 above are expanses the Bank must pay to
thrrt! p~rt~Pg
C-edit Insura~ca 1 unde~sta~d th~t 1 don't have to l~ke out Credit lile
,,,rance o- crr.~~,~ ~~sabihty ~n5ura~Ce IO Gu:f~~fy f0~ th~s Ivan Eiut if I
..:~nt. I can pu~~ hise th~s ~n>uranCe thrnuyh you, purchase it fron+
~-~eone etse 1 ~hpose. or ass~~~~~ an ex~st~n_y pO1~Cy I want the
;u~ance cheCkH.~ bg~pW tor Ihe ierm oF th~s loan
Cred~t I~~e in„~~ance on Borrowe~~s hfe afone at the cost shown m
~tem 4. IMav~num aflowable term ~s 10 yearsl
; Cred~t d~sab~l~~y ~nsurance on Borrower (F~rst ~amed be~owl at the
cost shown ~n item 5(Max~mum allowable term ~s 5 years)
Jo~nl CredR I~Id ;nsurance on 8orrower a~d Co-Borrower's I~Fe at
the cost sho~,~,n ~n item 4.
-;•ro~vl.~+I 5 , ~ .
~naWre ~. ----
Iiiatel
~i-Bnrrower"s
~~~natW@ _ --
Idate)
R?al Ptoper~v. f~ (if checked here) 1 am g~vmg you a separate
~ Mortgane
, r:7.s our pn~+~
~ Agreeme~t Not to Encumber or Transfer Propzrty
~o secure th~s ~aq„ pn prope~ty located at.
IAddreSS ol zn~umtierr.A P~opertyl
~~u havv atreadv .~iven me the requ~red Not~ce o( N~ght of Resc~ss+un
~;,nderstand th~9 ,hpans I have three t3) bus~~ess days to chanye my
•,~nd and cancei Ihis Ioan I u~derstand that you w~ll start charg~ng
,o interest on _ . 19 -
additional agre~~g~=s and provisions on reverse side. I have read
•,e addrt+onal ay~ePments and provisions on the reve~se s~de cf th~s
;,ePment and 1 ~~nderstand and ayree to them
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' if th~s box ~s cpe~ked. ~s s~gn~ng Ihis agreement only
•, grve yo~~ a va~}.~ secunty ~nterest and wdl havP ~o personal leyat respons~b~bty on the loa~
: understand lhat this agreement. ai,~! if checked above, a document encumbenng real property, contain aIl the terms
,,,d con hons Y~Venng my loan If any part of s~ther of them is unenforceable, the rema~rnng parts w~U rema~n va1~d. I've
~ead t~ agred-~Pnt and acknowledge that a fully compteted copy of was furn~ . to ef 1~ s~ ~g'~ it.
~••.~a ~ ~c'~irnz . Isea1)
; (seal) -~TiTI--~-1~n IiKc~ Q~
a~na;-~'~a T or~e BD'lK J~ P~GE ~Oc~
- - -- Iseall (seatl
R~ght to prepay loan. I can prepay the entire balance ot my ~oan 3t
any time. If 1 do. you v~~ll r8fund a portion Ot the FINANCE
CHARGE .figured by the sum-of-the-digits method (a commonly
used formula for figuring refunds on instalment loansl. But you won't
:efund any part uf the process~~g fee (item 1081.
Late payments. It 1 haven't pa~d an ~nstatment w+thin 10 days of the
date it s due. 1'll pay a tate charge equal to 5'i~ of the overdue
~nstalmer~t, but not more than 35. Th~s charge~w~ll not apply to loans
over S50,000.
Collection costs. 1'11 pay any coUect~on costs, mclud+ng reasonable
atlomey's fees if you take tollect~on action
Entire balance due. I( 1 do:~ :~~y an ~rsiolment on t~me ot if I break
one of rny pronuses under this agreement. you c2n requ~re me to pay
the e~it~re ba~ance ot my loan (less the refund of FINQNCE
CHARGE to .vhich 1 would b? entitled in the event of prepayment)
~t once with~~ut nonty~ng me ~n advance You can also do th~s ~! t
rn~ss ~ p~Y°nP~~t on anothor debt I owe you: made mrsleadmg
s,aren:ent~ vn my anp~~~=ahon. b?come ~nvolved ~n bankruptCy Or
n~t,cilvenCY DrOCeE~t~n!75. Or d~9
SeCUrity. TO p~ol~-'cf you ~t I fa~~ to ~epay th~s toan. 1 grve you as
C~I~.9IerJ~ J~ SPC~~~~ty ~n=ereSi~~ u~d~~ ihP ~10r~da Uni!orm Commerc~al
Cp~1e ~n the fo!I~w~ng prnptriy a~onn w:th any reptacement parts.
v~~ist~ons or equopmNnt aitacho~l to ~[ whiCh 1 Ow~. p~us any proCeeds.
r~t~m prrmiurns and rPbatos from a~y cred~t insucance or msurance
on the property secu~~n~, th~s loan 1 a~so unde~stand !nat th~s !oan w~lt
t~F s~r_u+Pd only b~r the collateral d?SGnbed below regardle55 Of any
secur~ry prov~s~ons that may apoear in othe: loans I may have wrth
you
The South lOQ _feet of the P~prth 340 feet
of the East ~-Z of tr~e Northeast ~ of
Section 35, Township 35 South, Range 40 ,
East, St. Lucie County, Florida.
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