Loading...
HomeMy WebLinkAbout0970 . ~ INSTALLMENT PAYMENT NOTE ~ • ~ Cr...ev ~ P~nw-Custumt~ . ~ Oate ~ a~r ~7 . 19 ~ 1 ; In this note~ the words 1. ME. MINE and MY mean each and all of those who sign it. The words YOU. YOUR and YOURS mean: ~ ~T n Q InA ~A AT F: ° I~ RCE ~ ( Nam- ~ OZ Bink) t ~ Terms of R~paym~nt ' I~wrana oo Coliatual ~ To repay my losn, l promise to pay yous 25. Q° 1. 5fi----- 1 unde~stand 1 will have ta keep the collate~al fully inwred against ~_'arent -five thou nd nine ~oss o~ dama9e. 1 may obtai~ this coverage through any person of my .1 ~-hty-one and ~ 100--------=--- d~tiar:l, choice. If t fail to provide insuronce. you may obtain cove~age to p~a pay this amount at one of your offices in a total of t~t Y~r security int~rost, passing tl?e oost of premiums on to me, plus ~ interest at s rate not to exceed the annual percentage rate of this note. monthl instaMments, oo~sisting of 35 payments of • S 7~1 . 71 e8~, final/balloon payment of Lat~ Charya ~ S . Payments will be due on the 5th day of If 1 don't pay any installment within 10 days of the day it's due. 1 ~ each month beginning on _ Ju1Y S, 1~~ 1 ~ . will have to pay a late charge of 596 ot the late, or unpaid installmcnt. ~ Here is the breakdown of my loan: ' t. l.oan Proceeds (Amount I receive) S?Q . 000 . QO p~~, a Inegular Paymeets 2. Florida Oocumentary Stamp Tax 5~~~ You can accept late payments or partial payments, and you will not ' 3. Credit Life Iruuranoe S bse any of your rights under this note or the law. You cao also delay < 4. Credit D1'sabil{'ty tr~uranae S enforcing any of your rights under this note without tosing those ~ 5. Other ~j~ltle lnsurance = 206.00 rights. Should 1 feil to meet the tesponsibilities I have under this 6. Other eeor 111 Fee s 14-. 00 ~te, I understand that unless 1 am excused from that responsibility ~ 7. Othe~ n an~iable '~SX S - 75 in writi~g by you, you will not lose any ri~ts you may have against 8. Other ~ S -0- me on the note. L 9. Amount Financed (add 1 thru 8) S20 • 3~ ~-~0 - ~ 10. Acquisition Fee S S~ • QQ Right to Prepay lwn t t. Other S I may prepay the loan at any time. If I prepay the loan in full, or if the 12. Othe~ S loan is refinanoed•that is, replaced by a new note•you wilt refund the 13.Interest s 5• 6"i0 ."i6 uneamed inte~est and any unearned Credit l.ife or Disability prem- , 4. F INANCE CHARGE (add 10thru 13~ S R ium, figu~ed by the rule of 78's-a commonly used formula for figuring ~ ~ebates on installment loans. However, you won't make any refund of ~ 15. Total of Payments (add 9& 14) - a.-.-r Q- K~ leu than Sl; and you won't refund any part of the acquisition fee. ~ ~ 6. ANNUAL PERCENTAGE RATE 1~~ ~ Defauk ~ THE INTEREST RATE CHARGED IS AUTHORIZED BY CHAP- be'n ciefawt: ~ TER 656.17, FLOR~IDA STATUTES. 1• If I don't pay an installment on time; 2. If 1 fail to mee~ any responsibilities which I agree to assume,or; Credit Life Inswanoe and Disability tnsuranoe 3. If you reasonably deem this note or the oollateral to which you ; J~ Credit Life/Disability Insuranoe IS required for this loan (See have a security interest in to be insecure. ~ itemized finance chargel. If any of the above defaults occur, you can then demand immediate ~ Credit Life/Oisability Inw~ance IS NOT required for this loan. PaY?nent of the balance of this note, minus refunds figured by the NO charge is made for credit insurance and no cxedit inwrance is Rule of 78's. You will also have all other legal ~ights provided you by provided unless l 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 ~ote and a) The oost of Gedit Life Insurance alone for ~ _Q_ any other debts I may then owe you. . the term of the credit will be 3 - Collection Costs ~ b) The cost of Credit Life and Disability Inwr- If 1'm in default under this note and you demand full payment, 1 ~ ance for the te~m of the credit wil! be S - agree to pay you interest on the unpaid batance at the annual rate of ' 1096. If you have .to we me, or tum_ my aooount with you over to 1 desire Credit Life your attorney in order to oollect what is owed you under this note, l Insuranae Only agree to pay your reasonable atto~ney's fees and oourt costs. (Dste) (Stgnature) I desire Credit Life Comakers Coborrowen Insurance Only Comakers a~e the same as o~borrowers and cosigners. If I'm signing (Dste) I9natura) m~s note as a oomaker, l agree to be equally responsible with the bor- I desire Gedit Life and ~ower. ~14hp~gti~ you may we either.or all of us. You don't have to Disability Inwranoe i'~~ I~otity me tha4~this note hasn't been paid. You can change the terms (Dats) ( naturs of payment and release any security without notifying or releasing Collateral for the Loan ~me from responsibility on this note. As collateral for this loan, I give you a security interest in the follow- ing property. Ananger of (kedit ~ 2nd ::OZ't . @ loeated at • If sort~eone other than the Bank has_a~rangedthiscredittransaction, ' _ ~:t , EOX t. °ierce L 33450 their name, address and signafure of their authorized representative ' ~ee Como2ete ?.eaa1_ ~escri~tion on isasfollows: ~;atik of Contrac ~ - Arranger of C,~edit: Address: and any accou~ts or se~urities or other property of mine that comes Signature of agent: ~nco your possession' at any time while this loan remains unpaid, ~d any money refunded or payable by any insurance company that in- ~py Reoeired sures the collateral against loss. (`Possession means-deposited with The borrower acknowledges receipt of a completely filled-in copy of ~ the bank in any form, wch ecking, savings or collateral vault.) this note. ~ , • z ~ , ~ ~ Rt . , nox ~'O6 t . ierce , 3345~ ~ Bo~rower 5lgnsture . •-~n er$ ~ Addrett ~t . 8 , 3ox 8~ 6 ~ ^t . 'i_erce . :'t 3~50 Bo«ow.. s~~~~. ~ ar en s v~ ~ ~ ~ ~ ~ ' j ' . BOOK J5~ PAGE ~S : Sorro~++er S'9na?ure ~ AddflSS F n ci 7 7 . , ~ n s