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HomeMy WebLinkAbout0947 • INSTALIMENT PAYMENT NOTE ~~~y~~»~~~•~~k cana,y-~ d. Plnk CuStwner ~ate ~1hri 1 10 ,~g f.i 1 In this note, the words I, ME, MINE and MY mean each and all of those vrho sign it. The words YOU, YOUR and YOURS mean: rlorida Bank at Pt. °ierce------------------------------------------------ (Nameo Bank? Terms of Repaymsnt insu?a~oe on Collateral To repay my loan. I promise to pay youS z'4' ~ 949 . 80 1 understand 1 will have to keep the collateral tully insured against i`~'wenty-four thousand nine hundred lou or damage. I may obtai~ this coverage th~ough any person of my forty-nine and ~ 100------------~~~~arsl, choiCe. lf 1 fail io p~ovide insurance, you may obtain coverage to pro• I'li pay this amount at one of your offi in a totat of ~ ~ tect your security interest, passing the cost of premiums on to me, plus inte~est at a ~ate not to exceed the annual percentage rate of this note. moqt i in~tallments, consisting of payments of S 4~• 3 each, and one final/balloon yment of Late Charge S . Payme~ts will be dueor),the ~thday of If I don't pay any installment within 10 days of the day iYs due, I cach month beginning on I~iay 10 ~ 19t11 , wi11 have to pay a late charge of 596 of the lace, or unpaid instaltment. Here is the breakdown of my loan: 1. Loan Proceeds (Amount I receive) $ 16~50 . 00 Late, Partial, or Ir?egular Payme~ts 2. Florida Ocry~^~wntary Stamp Tax 3__-~~ You can accept late paYments o? partial payments, and you will not 3. Credit Life Insurance S lose any of your rights under this note or the law. You can also delay 4. Credit Disability,lnsu an~ S~-~ • enforcing any of your rights under this note without losing those S.Other ApPraisa~ e@ a~SO ~~9hts. Should i fail to meet the responsibilities I have under this 6. Other 1 e nsuranee a 17 . 00 ~te, 1 understand that unless I am excused from that ?esponsibility 7. Other n an~ ~8 @ 8X ~n writing by you, you will not lose any rights yau may have against 8. otner R e eo rd ing F e e g 1. 00 me on the note. 9. Amount Finanoed (add 1 thru 8) S 17~99 • 5 t 0. Acquisition Fee s 50 . 00 Right to P?epay Loan 11. Other S -0' I may prepay the loa~ at any time. lf I prepay the loan in full, or if the 12. Other S 9'0' loan is refinanced•that is, ~eplaced by a new note•you will refund the 13.Interest unearned interest and any unearned Credit Life or Disability prem- 14.FINANCE CNARGEIadd 10thru 13) S, q.~5 ium, figured by the rule of 78's-a commonly used formula for figu~ing rebates on installment loans. However, you won't make any refund of 15. Total of Payments (add 9& 14? ~4949 • 8C less than St; and ou won't refund an y y part of the acquisition fee. ~ s. A~lNUAL PERCENTAGE RATE 1~4e~ Defautt THE lr1TEREST RATE CHARGED IS AUTHORIZED BY CHAP- ~ W'~~ be in default: "(ER 656.17, FLORIDA STATUTES. 1• If 1 don't pay an installment on timc; 2. If I fail to meet any responsibilities which 1 agree to assume,or; Credit Life Insurance and Disability Insurance 3_ If you reasonably deem this note or the collateral to which you Credit Life,~Disability Insuranoe IS required for this loan (See have a security interest in to be insecure. itemized finance charge?. If any of the above defaults occur, you can then demand immediate ~ Credit Life/Disability Insurance IS NOl required for this loan. PaY?nent oi the t~atance ot this note, minus refunds t~gured by the NO charge is made for credit insurance and no credit insu~ance is Rule of 78's. You will also have all other legal rights provided you by I provided unless I sign and date the appropriate statement below: 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 ~ a1 The cost of Gedit Life Insurance alone for any other debts I may then owe you. , the term of the credit will be S P' A Collection Costs t~) The cost of Gedit life and Disability Inwr- ~ If I'm in default under this note and you demand full payment, I ~ ance for the term of the credit will be S T'~A agree to pay you interest on the unpaid balance at the annual rate of 10°6. If you have to sue me, or turn my acoount with you over to k ! ciesire Credit Life your attorney in order to collect what is owed you under this note, I ~ i~uurance Only rl~~' agree to pay your reasonable attorney's fPes and court costs. ~ (Date) (Signature) ~ : ~iesire Credit Life Comakers Coborrowers +~}surance Only ty/A Comakers are the same as coborrowe~s and cosigners. If I'm signing ~oat•~ 4519natu!e) this note as a comaker, 1 ree to be ag equally responsible with the bor- ~ ~ :~iesire Credit Life and rower, although you may we either or all of us. You don't have to D;sability Insurance r'~A notify me that this note hasn't been paid. You can change the terms ~ (Date) ( Ig~ature) of payment and release any security without notifying or releasing ~ Collatera) for the Loan me from responsibility on this note. ~ : c~llateral for this loan, I give you a security interest in the follow- ~ ~n~ property. ~ Ananger of Gedit ~ :~rid t+?ort~~_a~ _e ~Ori the below listed ~ro~er~y~~ane other than the Bank has arrangedthiscredittransaction, ~ _ot i Bioc~ ~1 L~~roo D N ~ Q. ~ ~ ~ p ' 3their name, address and signature of tF=eir a~ representative ; _~ccor in~ the :lat ~ ereo .recor e ;sastonows: 5 t ~n P at Book 1G ~ Pa e , o the Arranger of CrEdit: .~o a ~u ic . ecor s of t. Lucie ount ~P~-~--~M--~ Y ~ Address: ' FILf( RNf ~E CUFOFO ~ :~~~d an accounts or securities or other ro ert of mine that comes ~ Si.LUCI[ fQUN1'{,f1 Y P P Y Signature of agent: ii66Eli RAF~ fl~~ ~ ~~~to your possession' at any time while this loan remains unpaid, and ~ ~~~y money refunded or payable by any insurance company that in- ~py Receired Q ~ '.''6' • sures the collate~al against loss. (~PossBSSion means-deposited with The borrower acknowledges receipt of compTetely filled-in copy of ~ r.~,e bank in any form, such as checking, savings, or collateral vault.) this note. ~ ' ' 8008 nolpmar St.,Ft. pierce.FL 3345Q ~ ~/ir wer Slgnature - • Atldress C ~ ~ ~ ~ 8008 ~'olomar St. ~ Ft . ''ierce , FL 33450 b~~~r r n~tu~ . AtldreSs , ~~`~`~353 ~45 ~ cq , . c _ , Address ~ - . _ ~ . ~ . , . = . , . _ , . . . . . . ~