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Home My WebLink About2565. , INSTALLMENT PAYMENT NOTE ~~~ ~~~`f i~ k ~rl~ Hltlk ~CU11lMrl~f ~ Oate February 17 , ~g 81 ~~, ir~~s note, the words 1, ME. MINE and MY mean each and all ot those who sign it. The words YOU. YOUR and YOURS mean: Florida National Bank of Martin County i r.e~„~ o/ Hankl T.: r ms of Repayment 7o repay my loan, 1 promise to pay youS 31. 428.00 _ enty-ei~bt and NO/100----------- dollars). I'll pay this amount at one of your otfices in s total oi l2~ ~,~onthly installments, consisting of~12Q payments of S_ 2bL4f1 each, and one fin alballoon pa ~ment of l 5 -0- . Payments will be due on the day of e~c.h month beginning on Ms~r rh 7 7~ 19R7 , tiere is the breakdown of my loan: t. l oan Proceeds (Amount 1 receive) S 15 . 000. 00 2. Florida Dceume~tary Stamp Tax S ?_~ 7 n 3. Credit Life Insura~oe s -n- 4. Credit Disability Insurance S -0- S.Other Title Ins. s 140.00 6. tithe~ Aonraisal s 85.00 7. Other int_Taz~~O_~0)Rec_ Fee( 20.Q0)s ~Q~ 8. Other Cr dt Tnvest{ gation fee s SQyQO 9. Amount Financed (add 1 thru 8) S ~ 5,..~~+R -~ ~ 10. Acquisition Fee s -0- 11.Other S -~- 12.Othe~ S -~ 13.Interest s 15.079.90 ,4.FINANCE CHARGEc~d,otn~~,~s 16,0~9.90 15. Total of Payments (add 9& 14) S 31, 428. 00 , s. ANNUAL PERCENTAGE RATE 16. so ~ THE INTEREST RATE CHARGED IS AU7HORIZED BY CHAP- T E R 656.17, F lOR I DA STATUTES. • Credit Li surance and Disability Insurance - Gedit Life/Oisability Insurance IS required for this loan (See itemized finance charge). ,'~, Credit Life/Disability Insura~ce IS NOT required for this loan. NO charge is made for credit insurance and no credit insurance is provided unless 1 sign and date the appropriate statement below: a) The cost of Gedit Life Insurance alone for the term of the credit will be S -0- b) The cost of Gedit Life and Disability Insur- ance for the term of the credit wilt be a -~- I desire Credit Life I ~,surance Only -0- -0- (oaee) (siynature) 1 ciesire Credit Life ~,0- -0- I;,surance Onty (Date) (Siqnature) ; ciesire Gedit Life and ~ Insuronoe on Collate~al 1 understand 1 will have to keep the collateral fully insured against lou or damage. I may obtai~ this coverage through any person of my choice. lf 1 fail to provide insurance, you may obtain coverage to pra tect your security interest. paui~g the cost oi p~emiums o~ to me. plus interest at a rate not to exceed the annual percentage rate of this note. .~.~ late Charge If I don't pay any instatlment within 10 days oi the day it's due, I will have to pay a late charge of 596 oi the late. or unpaid installment. ..~ .~ ^ Late, Partial, or Ir~egular Payments You can accept late payments or partial payments, and you will not lose any of your rights under this note or the law. You can aiso delay enforcing any of your rights under this note without losing those rights. Should 1 fail to meet the responsibilities I have under this note, I understand that unless 1 am excused from that responsibility in writing by you, you will not lose any rights you may have against me on the note. ' Right to Prepay Loan ` 1 may prepay the loan at any time. lf I prepay the loan in full, or if the loan is refinanced-that is, replaced by a ~ew note-you will refund the unearned interest a~d any unear~ed Credit Life or Disability p~em-. ium, figured by the rule of 78's-a commonly used formula for figuring rebates on installment loans. However, you won't make any refund of less than S1; and you won't refund any part of the acquisition fee. ~ . Default " I will be in default: 1. If 1 don't pay an installment on time; 2. If 1 fail to meet any responsibilities which 1 agree to assume,or; 3. If you reasonably deem this note or the oollateral to which you have a security interest in to be insecure. If any of the above defaults occur, you can then demand immediate payment of the balance of this note, minus refunds figured by the Rule of 78's. You will also have all other legal rights provided ynu by 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 any other debts 1 may then owe you. Cotlection Costs If I'm in default under this note and you demand full payment, I agree to pay you interest on the unpaid balance at the annual rate of 1096. If you have to sue me, or tum my acoou~t with you over to you~ attorney in order to collect what is owed you under this note, 1 agree to pa o ~ea able attorney's fees and court costs. k s rro rs s e the e as ooborrowers and cosigners. If 1'm signing this note as a comaker, l agree to be equally responsi~le with the bor- rower, although you may we either or all of us. You don't have to notify me that this note hasn't been paid. You can change the terms of payment and release any security without ~otifying or releasing me from responsibility on this note. D~sability (nsurance -Q- -n- ( Date) (5lgnatu r~) Collateral for the Loan As coltateral for this loan, 1 give you a security interest in the follow- iny property., A Real Estate Loan on Lot 29, Block 1643, Port St. Lucie. Section Five, St. Lucie ~c~i~nt~ Flnrir~a ~~~,d any accounts or securities or other property of mine that comes ;~~to your possession' at any time while this loan rema~ns unpaid, and ar~y money refunded or payable by any inwrance company that in- s~,res the collateral against loss. ('Possession means-deposited with the bank in any form, such as checking, savings, or collateral vault.l X-- ~'~---~" ~ ~ ~,..~t~~ ~.,,,ow~- s~9~.~~,. ~ I -~- _ 1 `~ ~ . X _ -+ ~ ~ ; , .-f t ~ /7J ~-~~-s c ~C~L :"s'~~or~~r S~gnatutf ~ ~ ~ ~ ~- ~~ - _,Yyr. ~ - , . _ , . .. _, ,`^r~.'c~ _ ._s_ . .. . w.. _ ... . .. . -~ Arranger of Gedit If someone other than the Bank has drranged this credit transaction, their name, address and s+gnature of their authorized representative is as follows: Arranger of Gedit: Address: Signature of agent: Copy Receired The borrower acknowledges receipt of a completely filled-in copy of this note. ,~ , 1981 F~~ I 8 A.H ~~ I 0 z508 S .{~1. Cameo Blvd . _. „ _ . .. . ,., ~-aai~ss ~S1.LUCIE CGUN: Y.ft A_ ROG~Ft F'OITRAS ~ , Port St. Lucie, Fl ~t~~~'~Z~'~~ crJ~~ Aoar~ss ` ~ t~~~ ~r~K "~348 P~~E2563 Aeo~ess " _ - ~ .. _ _.,. ., s""~