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HomeMy WebLinkAbout0943Y INSTALLMENT PAYMENT NOTE <:i~S•~~at DenK Cana~y.f ,~~ P1f14 CuSlGllllf oate Feb_ 13 , t9 _81 ! ~~i~~s note, the words 1, ~:1E, h11NE and tJY mean each and all of those ~~ho s:,n it. The words YOU, YOUR and YOURS mran: Florida National Bank of Martin Count~ , - . . ~ e ul Hankl i~ r ms of Repayment Insurance on Coltate-al i~, ~~E,ay my loan, 1 promise to pay you$ 81~3. 77 I unclerstand 1 will have ta keep the collateral fully insured against 1= i ght thousand one hundred~hr~e ans~---77/100 ~oss or damage. I may obtain this coverage through any per:on of my dollars). - choice. lf 1 fail to provide insurance~ you may obtain cove+age to pro- ~"~ E~.,y this amount at one of your otiices in a total ot _ bQ____-. tect your security interest, passi[-g the cost ot premiums on to me, plus 59 ~nte-est at a rate not to exceed thP annual percentage rate of this note. ~ ~thly installments, consisting of payments of , ~0• ~~ each, and one ~iK~/balloon payment of Late Cha~ge : _4563. ~~ . Payments ~vill be due on the 13 day of If I don't pay any installment within 10 days of the day it's due, I ~h rnonth beginninq on ~~1d1^CIl 13 I9H1 . ~vill have to pay a late charge of 596 of the late, or unpaid instaliment. ;~r is the breakdo~vn of my ioan: 1 Loan Proceecis IAmounr I receive) s 4202. 67 ~ate, Partial, or Irreyular Payments '. f-I~rida Oocumentary Stamp Tax S 6.60 You con accapt late payments ~r partial payments, and you :vill not < C'r edit Life Insurance S Q lose any oi your rights urxier this note or the lav+. Yeu can slso delay : C~edit Disability Insuranc2 S ~ enforcing any oi your rights under this note v~it!:out losing those ~ Other_ 1"@C. fees $ 20_~0 rights. Should i fail to meet the responsibilitics t hav? under this ;()iher._~__~ Iflt~(LQl.b~e_.t.a~____~___ .~ ~_41 r?OCB, I L.^.{~nf5i~stt! th3t unl~SS ! amax~ssrd from ths::~~~^.^.g:h`!s?~! ,' Other Ti t1P Pnl ir~ S~3 75 in ~vriting by you, you will not lose any rights you may have a~ainst ~~. Other S 0 me on the note. ' Amount Fina~ced (add 1 thru 8) S~] ~~ ,... - ~ 3 `.~ ~ ~~. .~cquisition Fee S 5Q 00 , . Other S .~ ; 2 Uther S ~ ; 3 lnterest S 3752 34 ~ ~, F~NANCE CHARGEc~ad,otn-~ ~rs ~R~~~ ~d - ;;,. Total of Payme~ts (add 9& 141 S 81~3. ~~ ~- ANNUAL PERCENTAGE RATE 17• ~ '+~F INTEREST RATE CHARGED IS AUTHORIZED BY CHAP- ~_ g 656.17, FLORIDA STATUTES. Credit Life Insurance and Disability Insurance Credit Life/Disability Insurance IS required for this loan ISee ~temized finance charge). •~ Credit Life/Disability Insurance IS NOT required for this loan. ~:O charge is made for credit insurance and no credit insurance is F~rovided unless I sign and date the appropriate statement betow: e) The cost of Credit life Insurance alone f~~ the term of the credii witl be S ~ t~) Ttiecostof Gedit Lifeand~isability Insur- ance for the term of the credit will be S ~ ~ ~:: sire Credit Life -<arance Only NQ (Date- (S~gnature) ! ;esire Credit Life , ~ ~rance Only NA (Date) (S.ynatwe) : ~'~ s;re Gedit Life and ~.:ability Insurance ~~A (~a;el IS~cnatwe) Collateral for the Loan .~.~. collateral for this loan, 1 give you a security interest in the follow- ~ ~ ~~i property. Lot ~ 17 BLK 80, Rivernark Unit 9C of St Lucie Countx. •~:~ any sccounts or securities or other property of mine that comes ~ to your possession' at any time ~vhile this loan remains unpaid, and ~~y money refunded or payable by any insurance company that in- .:res the collateral against loss. (~Possession means-deposited with • e bank in any torm, such as ehecking, savings, or eollateral vault.i ~ X G l;'2~\ C. L- ~- •~'''t t.,-,~,-`:.~ t~ ~. r.ower S~gnature X ~ _ L.Ut.Q~1.tl~ i ~~t.2GY3LG_? =7~ ~t,rrnwer 5lgnature Right to Prepay Loan 1 may prepay the loan at any time. If I prepay the loan in full, or ~f the loan is retinanced-that is, replaced by a new note-you will ref~ :~ ihe unearned interest and any unearned Credit Life or Dis~b;tity prem- ium, figured by the rule of 78's-a commonly used formula for figuri~g rebates on installment loans. However, you won't make any refund of le~s than Sl; and you wo~'t refund any part of the acquisition fee. Default I will be in default: , 1. If 1 don't pay an instailme~t on time; 2. If I fail to meet any responsibilities which I agree to assume,or; 3. If you reasonably deem this npte or the rollateral to which you have a security interest in to be insecure. If ony of the above defaults occur, you can then dzmand :mmediate payment of the balance of this note, minus reiunds figured by the Rule of 78's. You will also have all other legal rights provided you by the terms of this note or by the law, for instance, the right to re- possess, sell and apply security to the payments under this note and any other debts I may then owe you. Coilection Costs If I'm in default under this note and you demand full payment, I agree to pay you interest on the unpaid balance at the annua( rate of 10;~. If you have to sue me, or turn my acoount with you over io your attorney in o~der to oollect what is owed you under this note, I agree to pay your reosanable attorney's fees and court oosts. Comakers Coborrowen • Comakers are tne same as coborrowers and cosigners_ If 1'm signing this note as a comaker, l ag~ee to be equatly responsible with the bor- rower, although you may sue either or all of us. You ~cn't have to notify ms that this note hasn't aeen paid. You can char.ge the terms of payment and release any security wiiho~: notifying or re!easing me from responsibility on this note. Arranger of Credit If som~one other than the Bank has arranged this credi*, tr~r~;zction, thei. name, address and signature of the~r authorized r~;.resentative is as fo:lc~vs: n Arr~rger of Gedit: i~31 ~i'_~ 2~J A4t ~ ~ r Address: 5215bZ1 ''-,~.~ :~'~~~: `>.'F~: . Signature of agent: ~~ i~Gi i, f'C: ~ R:.~. Copy Received ~ _ ~a T . The borrower acknowledges receipt of a completely fiifed•in copy of this note. 235 tdE Airiosa Port St Lucie Fla 33452 A4eress ~ ~~~x35~ E~~E ~4z Atlc7ress