HomeMy WebLinkAbout0914 , .~V 1 l.
JULY 21ST , 19 86 ' PORT S'T. LUCIE F'i.ORIUA
This is to cert~fy Ihai ~~"~s a iru•
252 SW OiAKRIDGE DRNE PCYrT ST, T1lCIE Fi~ORIDiA 33452 and correct copy oF he or~ginal.
IP~a~enr ~easj
AM ICAN PiONEER SAV GS BANK
l. BORROti'ER'S PRO~f1SE TO PA~' SQ 000.00
ln return for: loan that I have received, 1 promise to pa~• ~J.S. S ~ (this amoum is caUcd
"~~S~~L~_plpii~4rec!, ~~h~sr
of~th~Kt Lendcr. The Lender is
,t.~t1CAN t:t.R . I ?,nderstand
that the L.ender may transfer this Nate. The Lender or any~ne ~•ho ta%a this T`a~c by tramfer and w•ho is cntiticd to
receeve payments under this Note is called the "Not~ Holdcr."
2. I~?ERESI ~
]ntcrat will bc charged on unpaid ~rincipal until the tuii amount of principa! has bcen ~aid. 1~•ill par i~tcrat a~ a ;
~~carl~• ratc oi 10.500 ~ _ ~ '
The inte*at rate rcquire*! by this Scction 2 is thc ratc I w•ill par both hefarc and a~ter any dtfault describc~ in ~
Scciion 6(B) of this Note. ~ ~
3. PA~71fEI~TS f
(A1 7ime and Flace ot Pa~ ments
1 W-ill pay principal and inter~st by making payments every month.
I~-ill make my monthl~• pavments on the ~ day of cach month bc~~nning on 5~~
~-1~~~ ~T .
19~ . 1 will make thae payments every month un[il I have paid all otthe principal and interest and any other charges ~
describcd belov? that 1 may owc under this Note. My monthiy paymenu a+i!! be appliod to interest before principal. If, on !
AUGUST 15T 2016 ~ I still owe amounts under this Note, l w~il! pa~~ those amounts in full on that date, '
Which is calied the "maturit~ date_"
I v?•ill make m~- month)~• avmenu at '~5
FT. pl~~ FIARILIA 3~3450 or at a diScrent placc if rcquircd bv th~ T`ote Hold~r.
(B) Au~oaet of ~lonthl~• P~i•ments
My monthl~• payment will be in the amount of U.S. S 4~ •
4. BORRO~~'ER'S R1GHT 70 PREPA~' i
1 havc the right to make payments of principa) at any time before the~ are duc. A payment of principal only is
known as a"prepa~ment_" V1'hcn I make a ptepa}znent. I will lell the Notc Holdcr ~n writing that l am doing so.
I ma~• make a tuli prepayment or partial prepayments withou! paying any prepayment charec_ The Note Holder
w•iil ux all af my prepaymenu to reducx the amount of principal that 1 owe under this Note. If I make a partial
prepaymrn~ there v?•ill be no changes in the due date or in th~ amouni of my monthly pa~•ment unless the Note Holder
agrees in writing to lhosc changes_
5. LOA.\ CHARGFS
1f a law~, w~hich applies to this laan and which seu maximum loan charges, is finally ~nterprcted so that th~ imerat
or other loan cbargrs collect~ or to bt collected in conncetion wiih this loan exceed tne permittcd Iimits, thrn: (i) an~•
such loan charee shall be reduced bc tht amount n~ccssary to ~educe tht charge to the ~ermitted iimit: and (ii) any sums -
already collccted from me which ~xcc~dod permitted limits a~ill be refunded to mc. Thc Notc Holdcr may choose to makc
thic refu~d b~ redutinF the principal ? owe under this Note or by making a direce ~yment to me_ If a~efund reduces
pnncipal, the rcduction will be treated as a partial prepayment. ~
6. BORR01~'ER'S FAILLSRE TO PA1' A$ REQUIRED
( A1 l.ate Charge for O~erdue Payments
lf the'.`ote Holdcr has not ra:eived the full amoun~ of an~• momhl~• pa~ ment by thc cnd af F~ calendar
dacs a f
ter t he da te i t is due. I w• i 1) p
a L a l a ~ e c h ar
g e t o t h e 1` o t e H o l d e r. T h e a m o u n t o f t h e c h a r g c w- i l l b~ ~i~ o f m~-
o~ crdue pa~•mtnt of pnnc~pal and interest. I v~i11 pac this late charge prompth• but unly once on each iate pa~•ment.
B) Def~ult
lil do not pa~~ ibe full amount of each monthh• pa~•mcnt on the date it is duc. I w•ill be in dcfault.
tC~ ~otire o! ~efault
If 1 am in default. the'~ote Holdcr ma~- send mc a w•ntlen nonce tciltng me that if 1 do not pa~ the overdue amount
h} a cena~n date. thc \otc Holder ma~• rcauue me to pac imm~diatcl~~ thc full amount of pnnnpal v?~hich has not b.-cn pa~a
and ali the ~n~erest Ihal 1 ow~c on that amount. That date must bc at teast 30 da~s aftcr tnc datc on w-h~ch the nouce ~s
drS~. ercd or mailcd ~o me.
lDl \o ~~'ai~er B~- \ote }iolder
E~en d. a~ a ume Mhen 1 am m default, the \ote Holder dcxs not reauire me to nac immedi3teh~ ~n full as dcscntxd
ahn~e. ~hc \ote Holdcr Kilf still ha~e the right todo so if I am 1n drfault a~ a lat~r t~m:
1E ? Ya~ mcnt of ~otc Noldcr's Costs and EYpensQs
lf ~hc tirne fi~tdcr ha~ requ~red me to pa~ immed~atclti~ in iull as destrib-d atx~ve. t`~e lote I-lol~+er will ha~~= thc
f~cht t~ ~c r~~d bact. b~ mc for al~ ot its cost~ and :xpenxs ~n eniorcinF th~s'~ote to the extent n~t prohib~tcd b} app:~.ablc
law Thrncca~*rnxs:nclud:. for c~amplc. rcasonablc au~rnc~s' fcrs
7. C;1:"I~G UE \UTICES
l:nir. a(+Pti:ablc laW rc~u~rr a d~Pcrcnt methc~d, am not~ce Ihat must be gi~en to me under this \otc will hc F~~cn
bt dclncr~nF ~r b~ ma;l~ng ~t h~ fi~t da~s mail to me at thc Propert~ Addtess abo~e or at a diSercnt addrest d I~~:c thc
\~~tc ti~~)drr s nnti:c ~f m~ d~ficrrnt eddre«
:~n~ n~•ii. c tF..,t m::~t bc f~~ cn t~ thc tiotc Holdct undcr th~~ tio~~ x ~ll bc ci~ cn h~ m~ihnF ~t bti firtit cla~ti mail t~ ~hc
~r~r 1~c~i.Scr ~c ~hc :,ddr~~~ ~t~~rd in Sc:ucm ?iAI ahc~~c or at a d~fTc~~m addre« ~f I am c~~cn a noucc of thai dif~rrrnt
~d~rr••
h1ULT1STATE F~XED RATf. NOTE-s~.~~P taT,i.-fl1MA/fHtMC UNI~ORM INSTRUMENT ~o~m 3~00 12/83
. . . - 5(~0 ~~v00359
<3 ~U0~32 aoc~~~.1 FaGf 9i3
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