HomeMy WebLinkAbout0915 ~ ~ , . Simple interest
~SOUt~1Cs1St B~k Consumer Loan Note,and •Security Agreement
Banking Center (Name and Address) . Savannah Road 2707 S0. U. S. # 1, Fort Pierce, FL. 34982
Borrower (Nams) B.Q M. Young an~ RQe~lie A*±na YQUng Oat~6-15-87
Bonowsr (Address) 509 Holly Avenue, Fort Pierce, Florida 34950 }
The word "you" meana the bo~rower and anyone sbe who ~i9ns. The words "the 8enk" rote~ to Southeast 8ank. N.A.. which ia ~
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the Creditor making the disclosures.
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This ia the agreement that coven you~ loan with the 8ank. Anyone who si~ns this agreemsnt will be legally responsible
together and individuatly tor repaying ths tota! smount owsd unlesa they a~e onty signing to g+ve the 8ank s valid sacuriry
interest.
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S
ANNUAL FINANCE Amount Total of ;
PERCENTAGE CHARGE Finenced Payments
RATE The dollar amount The ~mouot oi crsdit The amou~t you will ~
The cosc ot your tM credit will cosc provided co you or on Mve paid sftsr you
credit as a yearly you. your behalf. hsvs msde all peyments
race. as aheduled. . '
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13.1728~ S 36,104.29 a 29,831.39 ~ 65,935.68
The amounts shown as Annual Percentags Rate. Finence Charpe and Total af Payments. and, ii spplicabls. crsdit lite inwrance
. and credit disability insurance. are estimates baaed on ths essumption that all psyments are made on the due dste spscified.
You have the right to receive at this time art itemiistion ot the Amount FinBnced.
~ t want an itemi~ation. ~ I do not want an itemitation.
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Your payment schedule will be: > ~
Number of Payments Amount oi Payments Whsn Psyments Ar~ Due
119 ~352.69 Monthly, beginning July 15, 1987 ~
1 ~23,965.57 June 15, 1997 ~ -
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Insurance , -
Credit life insurance and credit disability insurance ara not required to obtain c~edit, and will not be provided untBSS you sign ;
and agree to pay the additional cost. ~
Typs Premium Si~~tun
C~edit Life 1 went credit fife
i(1St1r8~Cd. Spnstura
Credit Disebility I wani credit disability ~i'+~'; ~~''f ~
~ 111fIJfDf1CA. Sqnaturo ~
C~edit i.;fe and I want crsdit life and ~
Disability disability insurance. S+pn•w ~ ~i
c~- ~
You may obtain property insurance trom anyo~e you want that is accepteble to the 8ank. ~ 0~ ~j~ ~
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~ ~ E:RK
Sscurity: It checked below you are givi~ a security interest in: O~UG.. a~
9 ST.IUC?` ;
? The goods or property being purchased.
~ Other. (describel First MortgaQe - 509 Hol v Ave Ft Pierce Fla 34950 .
' Collateral securing other loans with us may also securs this loan. '
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'i 134.51 " 3
Filing fses and taxes S Non-filiny inwranc. S
~ Let~ Charp~: It a payment is rscsivsd mors than tsn (101 days after the due date, you will bs char9ed fiva (b9W peresnt of the ;
paymsnt. ~
Prtpaym~nt: If you pay off ea~ly, you witl not have w pay a penalty. Yau will not bs entitled to a refund of part of tha finance
' charge.
Assumptlon Policy for R~sid~nd~l Mon~a~s Transactions: Sombone buying your house cannot assume the remainder of
~ the mongage on the original terms. L
~ O If checked. this is a Southeast employee loan, snd the Mnual Percentege Rate may increase during tt~e term of this
~ transaction if your employmeni with Southesst 8enking Corporation, the Bank, or other Southeast affiliate ia tarmi~sted.
Any inr.~ease is within the ~ank's discretion snd will Uke the form of h+flhar payment amounts. For example, if your loan
were for 51.000.00 at nine (99W peresnt for tbirty-six (38) inonths and the rate incraesed to eighteen (18%) percent in six (8)
months, our month a menu would incrsa~e b 54.27.
See your contract docume~ts for any additional informstion sbout nonpeyment, default, any required repayment in full before
: the acheduled date, and prepayment refunds and penatties.
? ti this box is checkEd, is signing this agreement '
only to give the Bank a valid security interest and will have no peraonel legal respons~bitity on the loen.
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The provisions on the reverse side ars a part of this agreament. By signir~ wfedge t t a Ily compteted copY of it
was furnished to you be(ore you si~ned it. ~o~~~ PACE
; 13.0000
You understand the annual interest rate applied to tha principal balance ndinp from time to time rnrill be 96.
~ lseall ~ G~ Isea11
Bob M. Yo Rosalie Aana Young
(seali (sesll
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