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HomeMy WebLinkAbout0970 ~'.:i~llblt ~~t,~~ . ~ ~ NOTE ~ January 7, 1988 Stuart Fiorida ; Date C~ry State ~ 3697 S W Vicerov St Port St Lucie Florida 33453 _ ' ProRErly Address i 1. BORROWER'S PROMISE TO PAY ~ In retum lor a loan that I have received, 1 p~omise to pay U.S. S 47.900.00 (thts amoun! is calied "principal"), plus interest, to ~ the order oi the Lender. The Lender is First National Bank and Trust Company of the Treasure Coast ' I understand thai the Lender may transter thfs Note. The lender o~ anyone who takes this Note by transtef and who is entitled to receive pay ' menls under this tVote is call~d ihe "Note Holder." 2. 1NTEREST interest wiN be charged on unpaid principal unti~ Ihe full amount of principal has been paid. I wili pay interesl at a yearly rate o( 10.750 96. The interest rate required by this Section 2 is the rale I wil! pay both beto~e and after any defaufl described in Section 6(8) of this Note. 3. PAYMENTS (Aj TIME AtVD PLACE OF PAYMEN?S I wiU pay principal and interest by making payments every monlh. I will make my monthty payments on the 1 St day at each month beg9r,ning on_ March 1. 1988 , . I will make these payments every monlh until 1 have paid all oi the principal and inlerest and any other charges described below that I may owe under th:s Note. My monthly payments will be applied to interest before pri~cipal. It, on_ February 1. 2018 , I stiil owe amounts under this Note, 1 will pay those amou~ts tn lull on thal date, which is caqed the "maturity date." 1 wiN make my monthy payments at P.O. Box 9012 Stuart. ~lorida 34995-9012 or at a dHerent place H required by the Note Hotder. (B) AMOUNT OF MONTHLY PAYMENTS My monthly payment wil! be in the amount of U.S. S 447.14 4. BORROWER'S RIGHT TO PREPAY I have lhe right to make paymenis of principal at any time before they are due. A paymeM o( principal only is known as a"prepayment." When I make a prepayment, 1 will tell the Note Holder in writing that I am doing so. 1 may rinake a full prepaymer:t or partial prepayments without paying any prepayment charge. The IVote Holder will use all ot my prepayments to ~educe the amount of principal that 1 owe unde! this Note. !t 1 make a partial prepayment, there will be no changes in the due date or in ihe amount of my monthly payment unless ihe Note Holrier agrees in writing to those changes. 5. LQAN CHARGES It a law, which applies to this loan and which sets maximum loan charges, is finaly interpreted so ihat the interest or other loan charges col- lected or to be collected in connection with this loan exceed the pertnitied limits, then: any such loan charge shalt be reduced by the amount necessary to reduce the charge to the permitted limit; and (x~ any sums al~eady col(ected trom me which exceeded permitted Gmits will be re- tunded to me. The Note Holder may choose to make this refund by reduang the principal I owe under thls Na2e or by making a d'uect payment to me. If a refund reduces principal, the reduction wi~ be treaied as a partial prepayment. 6. BORADWER'S FAILURE TQ PAY AS RE~UIRED ~ (A) LATE CHARGE'FOR OVERDUE PAYMENTS It the Note Holder has not received the tutl amount ot any monthly payment by the end of 15 calendar days after lhe date it is due, I witl pay a late charge to the Note Holder. The amount of the charge will be 5.d00 % of my overdue payment of principal and interest. I wiU pay this late charge promptly but only once on each late payment. ~ (B) DEFAULT it I do not pay the futi amount of each month'ry payment on the date it is due. 1 wi11 be in detauft. (C) NOTtCE OF DEFAULT If I am in detauft, ihe Note Holder may send me a written notice teUing me that if I do not pay the overdue amount by a certain date, the i Nole Hoider may require me to pay immediatety the tull amount ot principal which has not been paid and aA the interest that I owe on that I amount. That date.must be at leasi 30 days after the date on which the notice is delivered or mailed to me. ~ (D) NO WAINER BY NOTE HOLDER j Even if, at a time when I am in detault, the Note Hotder does not require me to pay immediately in (uU as described above, the Ncte Holder will still have the right io do so 'rf 1 am in defauft at e tater time. (E) PAYMENT OF NOTE HOLDER'S COSTS AND EXPEfVSES ' ft the tVote Hotder has required me to pay immediately in fui! as descnbed above, the Note Holder will have the right to be paid back by me ~ for all of rs costs aRd expenses in entorcing this Note to the extent not prohibited by applicable taw. Those expenses include, for example, ' reasonable attomey's fees. 7. GIVING OF NOTICES Unless applicable !aw requires a diHerent method, any nolice that must be given to me under this Note wi(i be given by delivering it or by ma~ling it by fkst class mail to me at the Property Address above or at a diterent address if 1 give the Note Flolder a nolice af my diflerent address. ~ My notice that musl be given to the Note Holdef under this Note wi!! be given by mailing it by firs: class mail to the Note Holder at the address stated in Section 3(A) above or at a diNerent address ii I am given a notice ot that ditferent address. 'AULTISTATE FlXED qATE NOTE-Single FamilyFNMA/FHL?+{C UN~FORM INSTRUMENT Fo.m 3200 12/83 + ti~ Page 1 uf 2 ' / ; , ~ ( C1,~3 ~Tt ip~,~g7) P(1Q/87) U(7C!?6/87) 35930 BOOK 571 PACE 91h~ ~ _ ~ - - - --~-r-~ - .