HomeMy WebLinkAbout0948 Accoan~ Nu~lc~ ~ Bonorer a Ya.e r+d Add~esf p N~~ ~ AddteY d P.r«
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Date o( Vufe To~nt • ~wn~ A~nwn~ a F st ht~s ma Tots1
ol NMe Fust Pn~nen~ Qhe. Pa~men~s Pay n~ e puc PaY~ent (l~e Pa~aents
Sa~e ~Y
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~r PROMISSORY NOTE
Eacl~dsDle :von-F~nanc~ Cl~u et
Inw~ance Olf~c~~l Fee~
F ~hn~-Rekaun~
''(f~1.~$~te Acaden~ P/open~ VeMCIe Non F~bn~ .R«ordmt O~Ae~ GN~ 11~o~e1
i Hed~~ Ah~ncd F~n~ced
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k~.K<<ti~n ANMUAL
Munueance Fet
_;..~.i; : ii~~i.~' s : F~NANCE S~l~'~•~' PERCENTAGE ~'U'' X
F,n~~« ~a~~~~~„ CHARGE RATE: _
1)ate Finance Ch~r be ins to acct ~ n~ e,~ate ool ~
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A4REE0 RATE OF~INT REST
IntP?~st will b~ comput~d on lhe unpaid pnnc~pal amount ut the I~an at the rate uftt~uty percent p~r ~ne hun-I
dr~d dollars p~r annum on tht tirst f~ve hundted dollats, twenty-fout petccnt prr une hundted dullat~ pc~ annum
~,n ihat amewnt exc~eding Fivt hundred dollars and not exceedinK onr thousand dollars, and rivJ~te~n perc~nt pe
on~ hundre~f dollars p~r annum on that p~rt ot the unpaid pnnc~pal amuunt m excrss of ~xie thousand dollars, aU
ati ~~ov~ded (ur ~n th~ "Florida Consumer E~nance Ac~"
For vatue rece~ved. the undersigned jointty and severally prom~se to pay to the order of payee named above, at its above ott~ce. the pr~nc~pal
amou~t ot the loa~e as stated above as'Amount ot Note,"be~ng the princ~pal amount oi this note, together with interest at the agreed rate as above
stated unhl fully pa~d Payment of pnncipal and mterest shall be made in consecutrve monthly installments as indlcated above beginning on the
abo~e stated due date for the i~rst payment and cont~nuing on the same day of each succeeding month to and including the above stated due date
tor the hnal payme~t. H the pnnCipal amount of this note or it any installment is not paid when due. the unpaid principal amount shall bear interest
thereafter at the above agreed rate of charge From any paymeM made herean. mterest. at said rates, due on the unpald pnnc~pal balance of the
amount loaned shall f~rst be deducted and the remainder ot any such payment shall be appl~ed on ihe unpaid principal balance until paid
The unpa~d balance of th~s note. or any part thereof, plus ac~rued ~nterest. may. at the option of the undersigned, be paid at any time
~ Default ~n the payment of any lnstallment ot the pnncipal or intere5t hereot, or any part o( e~ther. shatl, at the option o( the holder hereol. and
w~theut not~ce or demand, render ihe then unpaid balance ot lhe pr~ncipat hereot, and accrued interest thereon, at once due and payable If th~s note
~s placed ~n the hanAs of an attorney for collection because of default in payment or othervrise. the unde~signed agree to pay the actuat and
reasonabie attomey !ees as determined by the court in which su~t is tiled and court cosls, includmg aCtual and reasonable expenses or
iepossess~on, stonng and sell~ng of any property pledged as secunty, as determined by the Court m which suit is t~led. Should this contract be
secured by a secur~ty agreement covenng any property beionging to the parties hereto and should the part~es hereto violate or tail to comply w~th
any ot the prov~s~ans o( th~s conlract and as a result thereof the payee here~n or ~ts assignee should take possession of sa~d secur:ty and sell same as
per the terms o1 the sa~d secunty agraemeM, then in tFi~t event 1he payee rrlay.~etain out of the proceeds of such sale the unpaid balance due
hereunder and render the wrplus. ~f any. to the undersigned: or should there be 9rf'y dehCiency 4? bAlance du.~, then deqtor hereby agrees to be
t~able theretor ~
Cause ot act~on hereon shatl ar~se only w~th respect to the entire amount reme+ASAg'unpald hereunde(. same bein~ any unpaid pnnc~pal baiance
and accrued ~nterest thereQn Unders~gned turther agree that Pay~ qr rts assigqee may.r~mOye thls contract and otherYelated instruments irom
ihe state of FI~~e~ar~dj0~iq~[e Iegal achon in any court having ~urisdlction ~n any othQt st8te (n which the filing O( suGh action may be legal. as
determ~ned by the laws of the state m wh~c~ legal achon is (~led by the Payee In the eveAF 8~y,?n~txence.COyering ~he seCur~ty for th~s Ioan. cred~t
nte ~nsurance on any Debtor's I~ie, acc~dent and health msurance and'or any other ~nsurance writ(en in corijllnetion wiM th~s loan. or purchased
w~th any~ceeds of~s~ . isa~a~ celled undersigned debtors here~vith authorize and direct the ~nsurance compan~es and their agents to pay
d~rect ro Q~v~ a ~es.~ re~T.s oi premwms tor such cancetled insurance tor apphcation on any unpaid balanceon this note.Undersig~ed.
~o~ntly and sev~rally. waive any nghts to notice of such cancellaticn and payments to Payee The makers. sureties. endorser, and guarantors hereof
{o~ntly and severally walve demand for payment, not~ce o~ non-payment. protest and not~ce of protest of this note. release ot all or a part oi the
secunty andror any co-sig`ner or co~ aker and consent to ex!ensior of Ume of payment without notice All parGes hereto further agree, both joinUy
and several{y te waive any ~nd 81}~,ric~tits of exempt~on as to arzy property whlch ~s sub~ect to a secunty mterest herein. oi every k~nd to'which they
may bebntitled under the awSt~~F1~ or any other state in wh~ch Iega~ act~on may be inst~gated under this agreement and/or ~ny uRderlying
agreement • .TZ •
Ii payee recerves a checlc. dratt, negot~able order o( w~thdrawal. or hke ~nstrument. drawn on a bank or other depository institr~t~~ given by
unders~gned as fult or part~al repayment o( a loan, a~d it such instrument ~s not paid or ~s dlshonored by such institut~on, payee ~i~trake and
couect from the unders~gned a bad check charge of not more than 510 00 y', 4'~ ~
The Payee herem named ~s I~censed by the state ot Flonda to make loans ~n sums ul f~ve thousand (S5.000 00) pursuant to rS ~16,Flonda
Sta~utes. as amendsd. and Ih~s loan has been made and th~s note is sub~ect to the prowsions and terms of ihe Florida ConsumeJ Ge ACt anQta
tne Rules a d egula ~ons oJ, the Comptroller o( the State ot Flortda A slatement ot th~s loan has been del~vered to the borrpw recjliirg~,lbysaid
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~ ~'~rss Natary ?ubla. State o~ ~o~
SEE REVERSE SIDE FOR OTHER IMPORTANT INFORMi1T10N ~26, 1990
FIORIDA
µy Colim~ss~on Erp~?PS aY
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