HomeMy WebLinkAbout0923 ~ EXHIBIT ~~A~~ ,,,1 . .
NOTE
JanuarX.. 20...........:... 19..88... .............Stuart Florida
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,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,3602.,S,.W.,,Rivera..Street, Port. St. Lucie, Florida 34953
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(Prownr ~dd~~ss)
1. BORROWER'S PROMISE TO PAV
In return for a loan that I have receivcd, I promise to pay U.S. 5...~4...7.00..~0 (this amount is calted
••principal"), plus interest, to the order ot the Lender. The Lender is
,,,,,,,,,,,,,,,,,,,,,,,,,,~?I~t1S,T ATI.ANTIC MORTGAGE CORPORATION 1 understand
zhat the Ltnder may transfer this Note. The Lendtr or anyont who takes this Note b transfer and who is
y entitled to
receive payments under this Noto is called the "Note Holder."
2. IN'!'EREST
Interest will be charged on unpaid principal until the full amount of principal has been paid. l will pay interest at a
~+early rat~ of ~ 4,. ~
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The interest rate required by this Section 2 is the ratt I will pay both before and after any default described in
Section 6{B) of this Note.
3. PAYMENTS 1
(A) Time and Place oi Paymsnts ~
I will pay principal and interat by making payments every month. ~
I will make my monthly payments on the ...1~~....... day of each month beginning on ..........~rch..1
19.....$~. 1 will make thesc payments every month until I hav~ paid all of the principal and intcrat and any other charges
described below that I may owe under this Note. My monthly payments will be applied to inter~st ixtorc principat. If, on
••••••••~~~?Xt~#XY......~ ~a18., I still owe amounts under this Tlote, I will pay those amounts in full on that date,
which is catled the "maturity date."
I will make my monthly payments at ...1.2S.1.S..N....K~.~td~.a,~..~?~~Ye x.. Su~t.~..12.4.,...i'?~.~~~,...~~:ori~a,,,..._.
or at a diflerent place if required by the Note Holder.
(B) Amount of Monthig Poyments
My monthly payment wil! be in the amount of U.S. 5....320,.67
4. BORROWER'S RIGHT TO PREPAY
I have ihe right to makt paymtnts of principal at any time before they are due. A payment of principal only is
known as a"prepayment." When I make a prepayment, l will telf the Note Holder in v?~riting that I am doing so.
I may make a ful! prepayment or partial prepayments without paying any prepayment charge. The Note Holder
will us~ all of my ptepayments to rtduc: the amount of principal lhat I owe under this Note. It I make a partial
prepayment, th~re will be no changes in the due date or in the amount of my monthty~ payment onless the Note Holder `
agrees in writing to those changes.
S. LOAN C13ARGFS .
If a law, H~hich applits to this loan and which sets maximum loan charges, is finall}• interpreted so that the interest ~
or other loan charges collecttd or to be collected in connection with this loan ezce~d the permitted limits, then: (i) any ~
such loan charge shall be reduced by the amount necessary to rtduce the charge to ihe permitted limit; and (ii} any sums ;
alr~ady collected from me which exceeded permitted limits wili be refunded to me. The Note Hotder may choose to make ~
this refund by reducing the principai 1 owe under this Note or by making a direct pa~•ment to me. If a refund reduces
principal, the reduction will be treated as a partial prepayment.
6. BORROWER'S FAILURE TO PAY AS REQUIRED
(A) Late Gfiuge tor O~erdue P~yments '
! If the Note Holder has not received tht ful! amount of any monthly~ payment by the end o~ .......15 calendar
~ days after th~ date it is due, I will pay a late charge to the Note Holder. Thc amount of the charge will be..... 5........°1c of my
~ overdue payment of principal and interest. I will pay this late charge promptly but only once on each late payment.
I (B) DefAUlt
If 1 do not pay the full amount oteach monthly paym~nt on the date it is due, I will be in default.
(C~ Notice of DetAUlt
I If I am in detault, tht Note Holdet may send me a written notice telling me that if i do not pay the overdue amount ~
f by a certain date, the Note Holder may require me to pay immediately the full amount of principal which has not betn paid
and all the interest that 1 owe on that amount. That date must tx at least 30 days after the date on which the notice is
delivered or maited to me.
(D) No Wai~er By Note Holder '
i Even if, st a time when I am in detault, the Note Holder doa not roquire me to pay immcdiately in ful) ss describ~d
above, the Note Hotdor will still ~ave the right to do so if I am in default at a later time. '
(E) Payment of Note Holder's Costs nnd Expenses • `
If the Nate Holder has required me to pay immediately in full as dcscribed above, th~ Notc Holder will have the
right to be Esaid back by mt for all olits cosis and expens~s in enforcing this Note to tFie extent not prohibita! by applicab~e
law. Thost expenses include, for example, r~asonable attorneys' fees.
7. GIVING OF NO'j7CES ~
Unless applicable law requira a different n~ethod, any notice that must be given to me under this Note will be given
! by delivering it or by mailing it by first class mail to me at the Property Addras above or at a difterent address if I give th~
~ Not~ Holder a notice of my diflerem addrtss.
Any rtotice thatrri~ust bf given to tne Not~ Holder under this Nate will be given by mailing it by first class mail to t6e
Nott Holder at the address stated in Sectian 3(A) above or at a diflerent address if 1 am given a notice ot that ditferent
addras. 6QpK ~ 1~ PAGE t7~~
MULTISTATE FIXED RATE N4TE-s~~g~e Fam~~y-FNM~~fH~a~~ uN~FOttM ~NSTRUMeNT Form 3200 12/83
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