HomeMy WebLinkAbout0336.~ y ~
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So ~ h r8ank ~~-. Consumer Loa~ I~,~te an Secur ty Ag~eement :'~, .,~ r~~~~~;~, ~~• ;;.
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,. ~#'~` ~ 5outheast^ lirst National Bank of l~ort Pierci - - ;-.: r~. `~~ j.1:
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the words /, m~ and`mr mesn the bo~rower ancY snyone eise w~o s~gns. ~we wordls ~ou andi row ~erer to ti~ ~~st ~s~C
5~lOWfl ~~VB. ~=r't:. . , y';o . ~. ., . .. ~. . i•;.~`i~~~.i •? N ~.-
BorrowK"s Name Address ~ '' ' ~~'
~oscoe C. ~ Thela B. Seona ~ot 13$ Amsterdm Av~.~ Jena~n~DeA1M~ Tlori~
' • - ' ~w:. ' ~~.' .~ .• . "t~~ i'4,v~ ~i.il ;' .
This is the ag~eement that covers mY lo~~ with you. 1 understand th~~e~yone who sig~a this ag~eement will be le~sllv ~ea;,a~s~Me
(:ogethe~ and incfividusllyl tor ~epaying the total amount owed, unless they a~e only signing to give you a vsli•f s•.~urity int~nst.
Promtss to ps~. To repa my loan, l p~omise to pay you the total of payments shown in Item 11 below in 36 ~ ~„t~
~nstalments of S~~~ each. 1'll beg+n making payments on 1~l,arCh 5. $i
. 18 'nd wiN
conanue to pay on ths same day each month until the loan is paid in full. 1'll make payments in person or by mail at the office
you speCity
H ers'~ a br~akdown ot eny losn: P~op~-t~- Insuanc~. 1 will~ keep the properry sscunnq th~ 1~
1 Amount 1~acei~ed .... S 8-750• ~ insured aga~nst Ioss w damage. 1 unciersta~d that 1 may purchss~ tAis
2 Appra~sal (ee ....... S na ~ msurance through you. in wbich case the cost snd term wiY appes~ in •
IFor Real Escate Losns onlyl the loan breakdown 18 A b Bi. or trom snyone Ns~ 1 choos~. Eit1~
way. I'll make the policy payable !o you.
3 Retord~ng lee ...... . S na It I don't keep it insured w pay premiums on Gms. Ypu Csn pay thpn
4 Optionel cred~t lits lor ms Or cenCel ihs policy 8~-d get ir~sure~Ce eb~wher~. ~( ypy dp
~nsutenCe . . . . : . . . . . . . . S ~a purchase suCh ~nSUranCe elsewhere, you Cen SellCt iniuqnq vyhjth
5 Opt~onai credit d~sab~t~ty protattS O~ly your u~lerest ~n the cotlateral or which prot~tts my
insurance ............ S na interest and your ~nterest. and in either case I vinll psy for sny
_,.. g 13.20 P~em~ums you advance w~th incerest computsd st sn ANNUAL
6 Stamptax ........... PERCENTAGE RATEoi 18%. -
7 Other cha~ges (expta~nl . ~ - ~ "-~:.`r~~
g na
8 Property in5uranCe ls~ww ae~n„m d h.+a~,ce,f ~n.ouy-, nank~
A Flood ~nsurence . . . . $ na
for months
B Phys~cal damage ~
~nsurance .._..... g na
for months
9 Amount (~nanced (t thru 8) g$,763.20
t0 FINANCE CHARGE S 2,222.56 .
made up of:
A ~~eresc . . - - • - - - . - - g 2 ,172. 56
B Prepa~d 50.00
FINANCE CHARGE -S '
IProcessing Fee)
t ~ Totat of payments (9~-101 S 10. 985. 76
Ai11N~JALPERCENTAGE RlaTE .. ..~ 15.32 96
NOTE: Items 2 through 8 sbova are expenses the 8ank must pay to
third parties.
Cradit Insursncs. 1 understand that 1 don't have to take out credit t~fe
~nsurance w c~ed~t d~saMliry ~nsurance to quat~ty tor th~s loan. 8ut if 1
:van~. i can purchase th~s ~nsurance through you, purchase ~t trom
someone e~se I choose. or assign an existing policy. I wan[ the
~~surance checked below for the term oi th~s loan
^ Cred~c tite insurance or~ Bwrower's life slone at the cost show~ in
icem 4. (Maximum slbwable term is 10 yearsl.
C7 Credit d~sabitity inwrsnce on Bo~rower (First named bebw) at the
cost shown in item 5. (Maximum allowable term is 5 yearsl.
O Joint credit life insurance on 8orrower and Co-Borrower s life st
the cost shown in item 4.
S o r rower's
S~~nature
Idatel
Cu • Borrow~r's
S~ynature
(date)
Real Properiy. O(if checked here) I am giving you a separate
!C~nss out onel ~ Matgage
Agreement Not to Encumber Or Transfer Property
ro secu+e th~s loan on property la:ated si:
Ri~ht to pr~pay loan. t can prepsy tM sMirs bslanq of my Iosn at
any time. If I do. you will retund s po-tion ot tf~ FINANCE
CHARGE figured by the sum-of-ths-di~ib m~thod (~ commp~
used tormuta (or figuring retunds on instalmeM bs~a). 8ut yq~ wp~•t
~efund any part ot the procassing teq litam 108).
Lats payments. I(1 haven't paid an instalment witttin 70 dsys ot th~
date iYs due. t'It pay a late charge equsl to 6% oi the overdw
instalment. but not more ihan :5. This chargs wip npt eppl~r to bs~s
over t50,000. ,
Coflection costs. 1'll pay any collectiw~ costs, including ressonsble
attorney's tees. ~i you take collection action.
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E~tire balancs du~. It 1 don't pay an inscalme~t on time er ii t break
ane o( my promises under this agreement. you can ~equire me to psy '
the enare balance ot my ban (Iess the refund of FINANCE.
CHARGE to which 1 would be entitled in the event of prepiy~nent)
at once w~thout notity~ng me in advance. You can also do this ii 1:
m~ss a payment on arather debt I owe you: made mislesding
statements on my application, become involvsd in bsnkruptc~r w
insolvency proCeedmgs: or die
Security. To ~protect you if I ta~l to repay this Ioan. 1 giw yqi ss
collateral a"secur~ty inte~esY' under the Florida Uniform Commercisl
Code ~n the toNowing property along with arnr replacement psns,
add~t~ons or equ~pment attached to it which 1 own. plus stn- proceeds.
return p~em~ums and rebates from any credit inwrsnce or insurantt
on the property securing this loan. I also undentsnd thst this losn w~M
be secured only by' the tollateral described bebw regaMless of snp
secunty provis~ons that may appear in other losns I msq hsw wiih
Y~
Qnit 138 of Qindmill Village by t6e ~es,
of Condomini~m thereof as recorded in 0.8. Boo~
public rec~rds of St.Lucie Cousty, Florida; `
unit.
(Addr~ss o1 encumber~d 0~~«1li
You ha~e already given me the required Notice ot R~ght oI Resussiun.
~ unders[and th~s means I have three (3) bus~ness days to change my
m~r~d and cancel this loan I u.nderstand that you w~ll start charg~ng
m~ ~ntCreSt On 1S .
Addicional a~rKm~nq snd provisions on rw~rs~ sid~. I have read
th~ additional agreeme~ts snd provisions on the reverse side ot this
a~~~eement and 1 understand and agree to them.
:~, If this box is cheCked. is s~gning this s~reement only
~o g~ve you a val~d securiry interest and will have no personal legal responsibility on the loan
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I understand that this agreement, and it checked above. a document encumbering real property, eontain all the terms
and conditions cov ring my loan If any part of either of them is unenforceable, the remaining parts will remain valid. I've ;
read th~s ent and acknow . ge that a tully completed copy of it was furnished to me befo•e 1 signed it. f
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- ~ seaq x - ~ ~/ ...~~~~Q ~ (~st) .
' ~oscoe C. S~ne ' ~ ~T6ela B. Stone ;
~ so~c348 P~r;F ~ ~e,- - ~ .
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