HomeMy WebLinkAbout0464 u0 RCT NQ. 57015
PROMISSORY NOTE
Acct. No. ~ 3 ~ 3 ~ 0 ~
~er. rw.~ s
oe~e: 1/16/90 528,828.35
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BORRaWER(SK ~ruc~
~_Guthher.L.ancL.DQris .T. Cuthbert ~
FOR VAIUE RECEIVEO, 1 the Eiorrower (which means everyone who signs bebw as borrower, jointly and severalty), promise to pay FLORIDA NATIONAL
BANK, or order, the principal amount stated above, together nnth interesi from the date d ihis Nde on ihe unpaid pnncipal balance at the lixed or variabie
interest rate disclosed below until (ully paid. "I;' "me; and "my" refer to Borrov?~er(s) while "you" and "your" refer to FLORIDA NATIONAL BANK.
? If checked, this is a tixed-rate loan and my interest rate is 96.
~ If checked, this is a variable-rale loan and my Initiaf interest Rate is 1~ S[1 46, which is oomputed as Oo~lows: WSJ Prime Rate
af 10. SO 46 Plus 2.00 Percentage Points.
FEDERAL TRtJT14-IN-LFNDI}W DIfCLOfiUltEs
ANNUAL PERCENTAdE RATE FINANCE CHARBE Awwwi f1wMeM TM artwuM TNai N P~~~wt~ 7M
TM cosl d my asQN as i yearly nle. Ths ddlu amax~l lAS CrsdN wii cOSI ms. d ae6t pw~d~d b rtr w on ~mo~xM 1 retll ha~7 pW aflsr I
my pM~11. rtav~ mW~ ap paymans as
ttMdulsd.
12.7543 $17,779.25 $28,543.35 $46,322.60
I Aavs tM rght lo rxMVS sl tMS turN ar ~tem~at~on ol tAS AmouM Fuwntsd~ 11 waM an +lemial~on.~~l! aa nd want Cn Nemtation.
Y1I M~~ K~~ ~rNl (Irvt~lsl
No. d Paymsnts Payrr~ent AmaxH Fnqusney Start Dale
59 @ $335.40 onthly March 2, 1990
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1 @ I$"16,534.UU ~ I reucunly ( -
( Varlabl~ Rate.
If checked, my loan is a variable rate loan and rtay interest rate may increase during the term o( my loan based on movement ot the "Prime
Rate" puWished in the Wal! Slreel Journal. My interest ralcs wiit not iiutease more lha.~ once eaCh month. My interest rale will not increase
more than .50% per month or more than 69b ta a maximum of 189b during the term ot my loan. Any increase in my interest rate will increase
the number ot payments or the payment amounts and /or my final payment. It my loan verere tor ~10,000 at 1294 fa 60 monihs and the iMerest
rate increased to 12.50% in three months I would have to maice one additional pa~rment of 5189-06- It my Ioan were ia 310,000 at 129b tor
~ 144 months and the rate increased to 12.50g6 in three months my re$ular payments would increase by 53.40 beginning with my thirteenth ~ I
I payment or my final payment would increase by 5955•22• If my loan ~s secured by my principal dwelling tor a term greater than one year, ;
; disclosures about the variable rate feature have been provided to me earlier. II
Securtty. I am giving a security interest in:
~ the goods or property being purchased. ? other (describe):
Collateral securing other loans with you may also secure this loan, except my principal dwelling and househotd goods.
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, Fl~~~~ p~s, S 6. 00 ; Pr~psynNnt. It 1 pay oif early, I will not have to pay a penalty. ~
i L.at~ chsr~es. It a payment is received more than 10 days late, I will be charged 5% ot my payment. ~
Assumptlon. It this loan is for the purchase ot personal or real property used as my principal dwelling, someone buying my principal dwelling -
` cannot assume the remainder of my loan on the original terms. ~
i t may see my contract documents for any additional intormation about nonpayment, default, any required repayment in futl betore the scheduled
; due date, and prepayment retunds and penalties.
I
~ INSilRANCE DIfCLO:UREf (
I Gedd H~e a~sur0nte and treMt A~58bINy ~nsurBnCb B~9 nd rfquwed to OWain credrt, en0 rn~ nol ba prOr~ded uNess ~ Sgn indayr ee ~u Oar ~t~s addKana~ co~s The term ot any inwrance I
~equsst ~s br IAe s~ated terms d tlus ban uNess sMwn otherwise By sgning tlrs documerW I acknowfedpe that 1 have tAS optan d ass~grrng any dhx pdKy(~es)1 own or may procure la tne ~
D~P~ d cavervg Ua ban ano tne pd~cy need na De qxcnased trom you in order ~o oblm ~e icsn. ~
INSURED TYPE PREMIUM If checked, the term and/a amount of insurance are different i
~ n than those ol the ban and are as fdbws: ~
r =
~ ? ? Geae we 3 Gedit Lite: Term mos. }
g Amounl S
~ ? Geoi! Dnabd~ry S Ged'A Disabitiry: Term mos.
~ Monthly Benefit Mwunt S 3
H ttes ban is secured. I may obtain property ~nsurance Irom anyone I clwose wIw K acr.epleble to ypi.
~ I requsst ov+sragqs) cliecked
Ia Ns premdums stwwn abwe
~ ~$gnature ol Inswed /1?
~ I requsst covsrage(s1 cMcked - - -
ia !hs premwms shown aDove
(S~ynalurs oflnsured I2)
~ nnoPErtnr ~s sECUn~rr
To 5lCwe paymBnt at tMS Nde I grant you a SBCUrity nterBSf en lh9 CoNa1Ma! OBlCn09d Debw Or IuN~M dlStnDed in tM mOrtgdge d 9vln dete. as wE9 u eny addA~Ona~ Cdlateral hSt90 on SctiEdub
g A, plus a~ adOnans, replacements a accssssans lo, and proceeds d, tns coNaterd. TMS odlatxd w~A securs arry aner bans rruh you now a ~n tne iuture unless the wpaterai n housahdd goods or ~s
p used ss mY pnncpal dwelkng. My adAroonal topatenl n ~~sted on tM attacAeO Schsdut~ A.
' Lot 7 and the North of Lot 10, Block 12, of OAKLAND PARK, according
to the Plat thereof, as recorded in Plat Book 2, page 7, of the Public
Records of St. Lucie County, Florida. ~
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NOT1CEs fEt OTMER flDE FOl1 iMrORTANT I!lFORYA170N
Barow~r(s) ackno+rbdqss r eip! d d tfws Nols. IuAy complMW pnw ~o s~qwg. erd hmhs~ acknowbdges tt~e lerms ard caW~wns pinted on itie reve~se s+de are pan of tRis Nde
t
($ABn _ (~8n
~ ~ --e T. Cut ert - eo.,-~.
~ 0~~ fsean _ - - - - - - _ is~n
~ Dor s J. Cuthbert eoiowsr
~ pUA1tAlRV Ot TN111~ rE1lfOM~ TAS undsrs~yned ~an:ly and xvereNy gwrentee the paymenf. v~he~ due. b any lwkf~r herevf d dI amounls Irom txr.e a t~me ow~rg on tMS Nofe Ttw ~n;~ yned
4 puK,y ~nd ssvsraMy waiw ndics d accspance d in~s guaranty. d uiy extens~ons ~n iune a payrnent. d sala d ar+y coaa~e~al. and d W dha na~ces to wfwcA the un0ersgrwd wouM ahe.wne De a~+awA
~ by Isw and aprsa b pay d! ~rr~ts awg Mrsurder upon Aemand. rnthout re~wng any prar actan or Procse6u~gs aqanst tM borrawers. The undxsgnsd Iwther aqrses tha~ IM ladwe Oy n,e~ rx~tOtn
d fRa wnVUrt~srN lo pMscl ~mr secur~r rNUest granted Dy ~he taegang NMe shaa nd aHect n a~~r mamer IAe WbMI~ d arry yuxanta hsnon. TM urdersKy~ed acknowb6,~ss recepl and execulwn d
3 tM CoS~pnsn No1iu Ddae sigrrrq ths quaranty.
- - (SEAI) i`•EAL)
- Guaranta - CoSgoer • , Guaraniot - CoSgner
5 FN8 OB-952 (Re~nsed 61 B9) ° ~K 675 PAGE 464 ~
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