HomeMy WebLinkAbout0947 • INSTALIMENT PAYMENT NOTE ~~~y~~»~~~•~~k
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Plnk CuStwner
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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
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~ ~ 8008 ~'olomar St. ~ Ft . ''ierce , FL 33450
b~~~r r n~tu~ . AtldreSs
, ~~`~`~353 ~45
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