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Southeast k3ank Consumer Loan Note anci .Security AgreementApprovea sy ~x '"~~~k
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''r~~?`` Loat1 No.. 15-1500-26-0231 ` ' _ ~ ~ . ' ' ' ` '
~ ' ` Sou~heast Bank N A Fort Pierce Bankinq Centex _ _ _ _ _ _ ' Ffs.
~ . IAtf~:~at~l
The words me and my•mean the borrower and anyone else who signs The words you and yo~~ refe~ to the outheast ank
shown above. , ~ ' • .
Borrower's Name ~uet F & ttirg;r~ a R Ra~yps- Address 590 Anchor Lane Pt St Lucie Fl~atsl/t 1/82
- - . ~ ;7.~ :
This is the agresment that covers my toan w~th you. f understand that a~yone who ~~gns this agreement will be legally responsible '
ttogether and ind~viduaNyl ~or repaying the total amaunt owed, untess they are only signing to give you a valid security interest.
Promise to pay. To repay my loan. t prom~se to pay you the totai ot payments shown in ttem 11 beiow in 6~ monthly
n,stalme~ts of S • 12 each. 1'U begm mak~ng payments o~ Feb, 10- 19 82 and wit)
cont~nue to pay on the same day each month untii the loan is paid in full. I'll make payments in pe~so~ or 5y mail at the oHiCe
you 5pecify ' ~
Here's s breakdown of my loan: Prope?tt? Insurance. I will keep the property securing this loan '
t Amount I rece~ved g 3, 000.00 insu?ed agamst loss o~ damage. I u~derstand that 1 may purchase th~s
2 Appra~sal fee S na insurente throuyh yau. in wh~ch case the cost a~d term will appear in
IFor Real Estate Loans or.~~) the loan breakdown (8 A!4 B1. ot ?rom 2nyone else { cfipos8. Either ~
20.00 (Check) Way. I"11 make the pol~cy payable to you.
3 Record~ng tee _ ~ I( 1 don't keep ~t ~nsurad or pay premiums on Ome. you can pay them
4 Opt~onal cred~t t~Fe for me or cancel the policy and get insurance elsewhere. If you do
t~s~rance S na purchase such ~nsu~ance etsewhere. you can se{ect ~nsurante whicfi
protects only your ~nterest in the coltateral or wh~ch protects my
5 Opt~onal credrt d~sabd~ry interest and you~ ~~terest. and in either case 1 will pay for any
insurance 5 na' prem~ums you advance with interest computed at an ANNUAL
6 Stamp tax S 4.65 PERCENTAGE RATE oi 18%•
7 Other charges (expla~nl
Int. TdX 6.00 (CheCk) piyht to pr~pay loan. 1 can prepay the entire balance of my los~ at
~~rc Title g..ZsS.00 (Check) any time. It I do. you will refund a portion of the ~INANCE
8 Property ~~15U~a~1C@ Isho+~ o~emwm ~f I~nd~ced thr~gh ban41 CHARGE figured by ihe sum-of-the-digits method (a commonf~r
A.Flood msurance g na used formula for figunng retunds on instalment loans). But you wori t
for months rotund any part of the processing fee (item 108). '
fi Phys~cal damage
insurance S na ' L.at~ psym~nts. If t haven't paid an instalment within 10 daya of ths
date it's due, t'll pay a late charge equal to 6% of the ove~due ;
~or months ~
9 Amount financed (1 thru 8) 3~ 004.65 instalment. but not more than S6. Thi3 charge will not appf~r to loens ~
t 0 FINANCE CHARGE S 1_62? - SS over 550.000• ~
4
made up of: '
A Interest 5~~ S~~ = 55 Collsctio~ costs. 1'N pay any collection costs, including reasonable ~
B. Prepaid attorney's fees. if you take collection action.
FINANCE CHARGE~S SO_fl0___ _~Processing Fee1
t t Total of paymenis 19+ 10) ~ S~~b27 - 20 Entire balance due. If 1 don't pay an instatment on time or if I break
ANNUAI PERCENTAGE RATE !g-S~ one of my prom~ses under this agreement. you can require me to pay ;
NOTE: Items 2 through 8 above are expenses the Bank must pay to the e+~tire balance of my ban i~ess the refund ot FINANCE
I third parties. CHARGE to wh~ch I would be ent~tled i~ the event at prepaymentl ?
_ at once without notifymg me in advante. You can 81so do this if I: !
Credit Insuranca. I understand that 1 don't have to take out cred~t t~fe m~ss a payment on another debt I owe you: made misteading
,:,surance or credit disabdity ~nsurance to qual~fy tor th~s loan. 8ut ~t 1 statements'on my application: become involved in bankruptcy or-
~ .~,ant. I can purchase th~s msurance through you. Rurchase it (rom ,nsolvency praceedings: or d~e
j ;omeone else 1 choose. or ass~gn an ex~sting pol~ty. 1 want the
t ,r,surance checked below for tfie term of this foan: Security. To protect you ~f I fad to repay this toan. 1 give you as
~ ~ Cred~t life insurance on Borrower'S lite alone at tha cost shown in collateral a"secur~ty interesC' under the Flon~da Un+form Commercial
item 4. (Maximum allowable term is 10 years). Code ~n the followmg property along with any replacement parts.
~ C7 Credit disability insurance on Borrower (First named below? at the add~tions o? equipment attached to it which 1 own, plus any proceeds.
I€ ~ cost shown in item 5. (Maximum al~owable term is 5 yea~si. return premiums and rebates from any credit insurance o. insuranca
€ on the p~operty seci,ring th~s loan. I also understand that this loan will
e iJ Joint credit life insurance on Borrower and Co-Borrower's life at ~,ecured only by the collateral descnbed below regard{tss of ar?~?
t the cost shown in item 4. security p~ovisions that may appear in other loans I maY have with
!
~ 8orrower's you.
S~gnature
~ (date) q~, n~ ~~{~~P• Tnt 2.f Block 257 PO'^t S ig
~ Co-Borrower's
5;:~~a;u~e Section Z~enty-Four, according to the P at $
~ (datel fherr~nf ~q ra,rnrr3c~d i n PI a B_^^k 1~` naae a~~
~ 31A thru 31C of the Public Records of St.Luci~
i?e~1 Property. O(if checked here) 1 am giv~ng you a sepa?ate r~t~_~ozic3a
Mortgage
iCross out one) ~
~ re secure th~s loan on property ocated ai: `r
k 590 Anchor Lane, P~ St.Lucie, Flozida ~~82 ~.a« ~ 2 ~ ~
9' 4 9 ~
' (Address of e~tumbered p~operry) ~ ~ ~n~~ ~
~ Yo,, have already given me the required Not~te of R~ght of Resassiun. : f: ti; L-~r;-~rn ~•~ajlJ
~ ~ ~,rderstand th~s means I have three (31 business days to change my ~ -t ~f ' ~ ~ ' ~
; ~d and cancel t~~oar2,understand that y19w~182tart charging t
~~,5, • a
' n~e ~nterest on ~ •
F
. Additionsl sgrosments and provisions on rw~rs~ sid~. I have read - ~
J
rr,e add~bonal agreements and prov~s+ons on the revarse side of th~s
~::~eemeni and I understand and agree to them. w
} i_: I~ th~s box ~s checked. is s~gning th~s agreement on{y
~ ; c,~,~ve you a val~d secunty ~nte~est and w~U have no personal legal respons~b~hry on the loan.
~
:~;n~ierstand tha! th~s agreement, and iF checked above. a document encumbering real property, contain atl the terms
~ g y y part af e~ther of them is unenForceable.~ the rema~n~ng parts will remain val~d. I've
~ +~,d cnndit~ons covenn rn laan 1f an
~ r~„~ agreement and acknowledge that a tufly compteted copv of it v,las furrnshed ta e before 1 s~gn.ed it.
~ ' 1 lseall
tiseal) ~
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