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HomeMy WebLinkAbout0857 y NOTE US S.2Q.OO.Q . OQ . . . . . . . . . . . . . .Jensen Beach . . . . . . . . F7orida . • C.try ~ .November 19?~ . FOR VALUE RECEIVED, thc undersigncd ("Borrower") promise(s) to pay. .JENSEl~I . BEACH . BANK.,. , , a ,~~o~~.d~, p~p~~~q , ~o;p,O,;~ti~q~ , , , , , , , , , , , , , , , , , , , , , , , , , or order, the principal sum of . . . .T.We~tY. ~ho~~~R4~. an4~. n4/.~4~. :-:flollars, wich interest on the un paid princi al balance from the date of this Note. until paid, at the rate of .ei~ht_ .and . three quarter~i ,(8-3/4$~~ent per annum. Principal and interest shall be payable at . . . . . . . . . . . . . . . . . . . . . . JENSEN ,BEACH,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,orsuchotherplaceastheNoteholdermay designate, in consecutive monthly installments of . .O~te • ~t~nc~rec~ •Ni~ety • I~Yn~ •an$ - • • • • • • • • ' • .90/10Q-•T~.-.~rr:~rr,~~.~-,TDollars (U S. .199...90 . . . . . . . . . . . . . . . on the. . ~i~!. . . . . . . . . . . . . . . . . . . .day of each month beginning. . a'L. . . . . . . . . . . 19.?9.. Such monthly installments shall continue until the entire indebtedness denced by is Note is fulty paid, except that any remaining indebted- aess, if not sooner paid, shall be due and payable on . . ~st~c4 . d . !.9 9•~ • • • • • • • • • • • - • • • • • • • - ' If any monthly instaliment under this Note is n~'d when ~e and remains unpaid after a date specified by a j notice to Borrower, the entire principal amount outstanding and accrucd interest thereon shall at once become due ~ and payabk at the option of the Note holder. The date speci6ed shali not be less than thirty days from the date such ~ notice is mailed. The Note holder may exercise this option to accelerate during any default by Borrower regardiess of ; any prior forbearance. If suit is brought to collect this Note, the Note holder shall be entitled to collect all reasonable ~ costs and expenses of suit, including, but not limited to, reasonable attorney's fces. y ~ Borrower shall pay to the Note holder a late charge of. ..fi~s• •(S~a-~!j?yX•p~roent of any monthly k installment not received by the Note holder within ../rS~~- days after the installment is due. ~ Borrower may prepay the principal amount outstanding iri whole or in part. The Note holder may require that s any partial prepayments ~(i) be made on the date monthly installments are due and (ii) be in the amount of that _ pan of one or more monthly installments which would be applicable to principal. Any partial prepayment shall be y applied against the principal amount outstanding and shall not postpone the due date of any subsequent monthly installments or change the amount of such installments~ unless the Note holder shall otherwise agree in writing. If, . within five years from the date of this Note, Bonower make(s) any prepaymenfs in any twelve month period ~ ~ beginning with the date of this Note or anniversary dates thereof ("loan year") with money lent to Borrower by a ~y lender other than the Note hotder, Borrower shall pay the Note holder (a) during each of the ficst three loan years - : ti percent of the amount by which the sum of prepayments made in any suc oan year exceeds twenty percent•of the original principal amount of this Note and (b) during the fourth and fifth loan years ~ . percent of the amount by which the sum of prepayments made in any such loan year ~ - exceeds twenty percent of the original principal amount of this Note. Presentment, notice of dishonor, and protest are hereby waived by all makers, sureties. guarantors and endorsers hereof. This Note shall be the joint and several obligation of all makers. sureties, guarantors and endocsers, and shail be binding upon them and their successors and assigns. Any notice to Borcower provided for in this Note shall be given by mailing such notice by certified mail addressed - to Borrower at the Property Address stated below, or to such other address as Bonower may designate by notice to the Note holder. Any notice to the Note holder.shall be given by mailing such notice by certified mail, return receipt requested, to the Note holder at the address stated in the first paragraph of this Note, or at such other address as may ' have been designated by notice to Bonower. The indebtedness evidenced by this Note is secured by a Mortgage, dated. . . . . . . . . . . . . . . . . . . . . . . . . . DIOVe,Iiube.]C . 1977. and reference is made to the MoRgage for rights as to acceleration of the indebtedness evidenced by this Note. _ - `t~) 6.~ ~5~ ~ REGOK~EO f~~f 4 ~x~ FORD LOVELESS (~a,) - - :T.tU CER PO SRAS RT ~ Cl EFK ~ ~ ~ CC~ /J~ . _.~.•rF~.•:fE........ . . . .....................(Seal) DIMPLE LOVELESS AN'Z t0 q6 AN ~~g ~ J....................... ..........................................(Seal) Property AdJras (Execnte Original Only) f~~R~Da-1 to 4 family-6/15-fNMAlFHLMC UNIFORM INSTRUMEM? FBS 16e aev. ioi» - Du.~l~ ~ U i~AGE ~ ~ _ _ - - ~ : ~ . - - . , . . : ~