HomeMy WebLinkAbout0890. . . .. . .~ . _. ..
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''~~"~"=~= Southeast Bank ~ Consumer loa~ Note and Se~u~iry Ag~eement ~~ '~
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Southeast FirBt Natioaal Bank of Fort ~~i:erce '•`•'~ ~~ F~.
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The words t, me and my mean the borrower and enyone e~se who signs.. ~~we words you and ~ow ~eter to tt~e 5outheast kiank ~
shown above. • ' • ~' ' ~`~
t3orrower's Name ~oaeph U. ~ Bettx 8. Landry Add~ess 850 Seh Place, Qero Beach, Florid~ate2/5~81
Th~s ~s the agreeme~t that covers my loan~with you. I understand that a~yone wha signs this agreement will be legally ~espo~sible
(~ogechar and ~ndrvidually) for repaying the total amount owed, unless they are only s~gning to g~ve you a valid secunty intereat.
Promise to pay. To repay my loan. 1 promise to pay you the total ot payments shown in Item 1 1 below ~n 1~8 monthlY
~nstalments of S 132.07 each. 1'll begin making payments on I~lArch 5, . 19 81 ~nd wilt
cont~nue to pay on tfie same day each month unt~l th e loan is paid in Iull. 1'll make payments in person or by mail at the otl~ce
you speciEy. ~ ~
Here's s breakdown ot mY loan: Property tnsurancs. 1 w~ll keep the properry secur~ng this (oan
t Amount ~~ece~ved S Z, 765 -00 ~nsured aga~~st loss or damage 1 understand thst 1 may pu~chsse th~s
2 Appra~sal (ee '. S 1]P insurance through you. ~n which tase the cost and term will appea~ in
IFor Real Estate Loans only) the loan breakdown (8 A d~ Bl_ or (rom anyone else I choose E~ther
'
11 make the pot~cy payable to you.
way. 1
3 Record~ng tee S n8 If I don't keep ~t insured or pay p~em~ums on time. you can pay them
~ Ophonal cred~t lile lor me or cance~ the pol~cy and get ~r~surance elsewhere. If you do
S II8 purchdse suCh ~nsurance elsewher@, you can salect insu~ante whiCh
~nsuranCe -. --.. . protecss only your ~nteresl in the collate-al or whrch prOtetts my
5 Optional cred~t d~sabil~ty ~nterest and your ~nterest, and in e~ther case 1 wdl pay tor any
inwcance . . . . . . . . .. . . . SIIP
70
11 prern~ums you advance with ~nterest tomputed at an ANNUAL
.
6 Stamp tax . . . . . . .. . . . S PERCENTAGE itATE ot 18%. •
7 Othe~ charges (explain)
~ na
$ PrOp@~1y If15Uf8f1C@ IshOw wemwm J(n+antM Mrpuyh Aar41
A Flood ~nsurance S n~ '
for mo~ths
B Phystical damage
~nsurance S na
(or months
9 Amount financed (1 thru 81 g 7,776.70
t0 FINANCE CHARCsE . S6,486.86
made up of~
A ~nterest . . . . . . . ~ 6,436.86
e Prepaid 50.40
FINARCE CH11RGE -S IP~ocessing Feef
~ t Tbtal of payment519+ 10) .. 5~~+, 263. 56
ANNUAL PERCENTAGE RATE .. . 15.10 q~;
;JOTE: Items 2 ihrough 8 abova are expenses the Bank must pay to
~ thud parties.
Credit Insu~ancs. I understand tfiat 1 don't have to take out cred~t I~fe
~nsurance or cred~t d~sabd~ty ~nsurance to quably tor th~s loan But d 1
~vant t can purchase this insurance through you. purchase st trom
someone else 1 choose. or ass~gn an ex~st~ng pal~cy ! want the
,nsu~ance checked below for the term ot th~s foan:
p Credit I~fe insurance on Bor~ower's life alone at the cost shown in
~tem 4(Maz~mum allowable term is 10 yesrsy.
Q Credit disabil~ty msurance on Bo~rower (First nsmed belowl at the
cost shown in item 5. (Maximum allowable term is 5 years).
p Jomt c~edit life insurance on Borrower and Co-Borrower's lite at
the cost shown in item 4.
8orrowEr S _- ~ '
S~ynature ~
(datel .
Co-Borrower's • - •
S,gr.ature
(da[e)
Real Prope-ty. O(~t checked he~e) ~ am g~ving yau a separate
Mortgage
;~ross out one- {Agreement Not to Encumber or Trans(er Properry
to Secure ih~s loan on property la.ated at:
(Add~ess u~ e~cumber~d prope~ty{
You have already g~ven me the requ~~ed Notice of R~ght ot Resusswn
i understand this means 1 have three (3) business days to change my
m~nd and cancel th~s loan 1 understand that you w~11 start charg~ng
me ~nte-est on 19 -
Addicional agre~msnts sna provisions on ~sve~ae sid~. I have read
the additional agreements and p~ov~s~ons on the reverse s~de of th~s
a:,rePment and 1. understand and agree to them
i It this box ~s checked,
to g~ve you a va4-d security ~nterest and w~tl have no personal legal respons~biliry pn the toan
Right to prspay losn. f cao prepay the entire bslancs of my bsn at
any time. If 1 do. you v~nll ~etund a po~t+on of the FINANCE
CHARGE figured by the sum-ol-the-digits method Is commonlr
used tormula for I~guring relunds on instalment loansl• But you won't
refund any part oi the processing 1eq (item tOB1.
Lats paymanis_ {f 1 haven't paid an instalment within 10 days of the
date ii s due. I'll pay a late charge equal to 6% ot the overdue
~~stalment. but not more than S5. This chargs will not apply to loans
over S50,000. ~
Collection costs. 1'll pay any coilechon costs, ~nclud~ng ~easonable
attorney's tees. ~I you take cotlechon action.
Entire balance due. H I don"t pay an instalme~t on tima or it 1 break
one of my promises under this agreement. you Can reqwre me to pay
the ent~re balance o~ my loan (Iess the retund of fINANCE
CHARGE to wh~ch I woutd be ent~tled in the eve~t oi prepayment)
at once w~thout no~~fying me in advance You can also do ih~s iI 1:
n~~ss a payment on anothe~ debt I owe you. made misleading
statemer,ts on my appl~cation: become ~nvolv8d in bankruptcy or
insolvenCy p~oceed~ngs. or d~e
Security. To protect you it 1 tail to repay this loan. I give j/ou as
co~laseral a"secur~ty ~nteresY' under the Fionda Urnform Commercial
Code in the ~ollow~ng property along with any replacement parts,
add~t~ons o- equ~pment attached to it whith 1 own. plus any proceeds.
~eturn premwms and rebates trom any cred~t insurance a insuranCe
on the property secur~ng this loan. 1 also understand ihat ihis loan wili
be secured oMy by the collateral descr~bed betow regardless ot any
secur~ty prows~ons that may appear in other loans 1 may have with
y0U y
From the Northeast Corner of the Southeast
Quarter of the NorthWest ~ of Section 13 $-
To~n-ship 33 South Ran~e 39 East„ Indian ~
River County, Florida, run ia Southerly directd.
alon~t the quarter section line of said sec. 1~
a distance of 285.00 feet thence run North 89
deR. 03' West a distance of 294.21 feet ta th,~, ~
point of beginning theuce continue along this ~-et
ring 75.00 feet thence run south 89 dea, 08'~
west a distance of 141.90 feet;thence more $
or less to the Qoint of be+gininst. together ~Ch
a easeineat for road right of way for ingress ~td
eQree said road righ.t o~vay..~ggin 25 fee[ in 3~i-
dth and lying immediately south of the above ~
, Ul
~s s~grnng this agreement only
I understand that this agreement. and if checked above, a document encumbering real property. contain all the terms
~~~1 Concfi!inns Crn~~~r~nq my loin If drly p~~I of e~ih~±- 0/ them is unen/orceable. the remammq p~rte wrll rema~n vahcl 1've
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