HomeMy WebLinkAbout2865F~~., 6~
If any monthly instaliment under th~s Note ~s nol pa~d when due and rema~ns unpa~d atter a date spec~f~ed by a
no~e to a Borrower, the entire principal amount outstanding and accrued interest ihereon shall at once become
due and payable at the option of the Note holder. The date spec~fied shall not be less than th~rty (30) days from the
date such notice is mailed The Note holder may exercise this option to accelerate during any defautt by Borrower
regardless of any prio~ forbearance. It suit is brought to collect th~s Note. the Note holder shall be ent~lled to coilect
all reasonable costs and expenses ot su~t, ~ncludmg, but not limited to, reasonabie attorney's fees.
Borrower shall pay to the Note holder a late charge of ~• ~ of any monthly ~nstallment not received
by the Note holder within fitteen (15) days atter the installment is due.
If the Borrawer makes any prepayments, in whole or in part, pnor to the date of said ninety (90) day written
notice to be given by the Note holder to the Borrower dur~ng Ihe Initial Loar~ Te~m w~th money ient to Borrower by a
lender other than the Note holder, Borrower shatl likewise pay the Note holder at the t~me of such prepayment an
amount equivalent to six (6) months interesl on the amount oi the prepayment at the interest rate for the In~t~al Loan
Term. Fol(owing the date of such ninety (9U) day notice, the Borrower may prepay the princ~pal amount. ~n whote or
~n part, without premium, penalty or charge. The Note holder may require that any partial prepayments {i) be made
on the date monthly installments are due and (ii) be in the amount of that part of one or more monthly installments
which would be applicabte to principal. Any partial prepayment shall be appl~ed against the pr~ncfpal amount out-
standing and shall not poslpone lhe due date of any subsequent monthly installments or change the amount of such
~nstallments, untess tF~e Note holder shall otherwise agree in writ~ng.
Presentment, notice oi dishonor, and protest are hereby waived by al1 makers, suret~es, guarantors and endor-
sers thereoi. This Note shall be the joint and several obligation oi all makers. sureties, guarantors and endorsers.
and shall be binding upon them and their successors and ass~gns.
Any notice to Bor~ower provided for in this Note shall be g~ven by ma~l~nq such notice by certil~ed ma~l ad-
dressed to Borrower at the Property Address stated befow, or to such other address as Borrower may designate by
notice to the Note holder. Any notice to the Note holder shall be given by mailing such notice by eertif~ed ma~t, return
receipt requested, to the Note holder at the address stated in the t~rst paragraph oi th~s Note, or at such other ad-
dress as may have been designated by notice to Borrower.
The indebtedness evidenced by this Note is secured by a Mortgage, dated Februarv 16. I 98 t
and reterence is made to the Mortgage for rights as to acceleration oi the ~ndebtedness ev~denced by th~s Note.
Documentary tax has been paid and the proper stamps aitached to the mortgage securing th~s Note.
51'7499
19@I FE:s I 9 f;' 2~ I ~
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S~.! i;/.iF CCi,Ni i.i! a_
F:~-~Gf.k ~~i;ITRAS
CLE K~( G~.~ •~il ('`'t ~
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Anna Celine Townsend
(SEAL)
t-t corporation. at1~x corporate seal )
L~t ?5, (ilock I
~dARAV I LLA F~TATE ~
PROPEfiTY AODRESS
(SEAL)
( SEAL )
For value ~eceived, the undersigned, severally and jointly, assume and promise to pay this Note in accordance
w~th the terms and cond~tions stated therem, by th~s general endorsement betore del~very.
( SEAL )
( SEAL )
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(SEAL)
( SEAL )
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