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HomeMy WebLinkAbout0661 . ~ "F.XHIBIT A " • NOTE 13797 ` Janua 1 1990 Stuart Florida o.t~ cny s~c• 2181 Bavshore Bivd.. Port St. Lucle. Flo~ida 34952 Roperty Address t. 80RROWER'S PROMISE TO PAY in retum tor a loan that I have recdved. I promise to pay U.S. i 27.695.55 (thls amount la caYed "prinapal'~, plus hterest, to iha order of the Lender. The Lender b Flrst National Bank b Tn~at Comaa~v of the Treasure Coast I understand that lhe lender msy trsnsier this Note. The Lender or anyone who takes this Note by Vansfer and who is e~titled to recei~re pay- ments under this Note is caYed the "Note Holde~." 2. INTEREST Interest wiY be charged on unpafd p~dpal until the fuN amount of prinapal has been paW. i wiN pay interest at a yearly rate of 10.000 The 3nterest rate required by this SecUon 2 is the rate I w~11 pay both betore and after any defauR descxibed in Section 6(B) ot this Note. 3. PAYMENTS (A) TIME AND PLACE OF PAYMENTS I wiY PaY princtipel and interest bY ~9 PaY~~~ts every month. I witl make my monthly payrr~ents on the 18t day oi each month bec',pnning on February 1, 1990 . 1 wip make these payments every month unM I have patd aN ot the prinapal and Interest end any other charges descnbed below that 1 may owe under this Note. My monthly payments w~ be epp~ed to hterest be(ore prindpal. H, on April 1. 2001 , I sL'N owe amounts under this Note. 1 w~l pay those amounts In ~u1 on that date, which ia caYed the "matu~aty date." ~ wie make my monthy payments at P. O. Box 9012 Stuart. Florida 34995-9012 or at a dd(ereni p{ace ii required by the Note Holder. (B) AMOUNT OF MONTHLY PAYMENTS My montny payment wi be in the amou~t ot u.s. s 342.51 4. BORROWER'S RIGHT TO PREPAY 1 have the right to meke payments of principal at eny time betore they are due. A payment ot p~apal ony is known as a"prepayment." When I make a prepayment, I vr~ te1 /he Note Holder in writing that 1 am doeng so. I may make a tuM prepayment or partial prepayments without peying any prepayment charge. The Note Holder w~ use all of rtry prepayments to reduce the amount of principal that I owe under thls Note. Ii I make a partiaf prepayment, there w~ be no changes in the due date or in the amount of myr monthly payment unless the Note Holder a~ees ~ writing to those changes. 5. LOAN CHARGES It a law, whkh appGes to thls {oan end whkh sets ma~ornum ban chuges, fs fnetly interpreted so that the interest or other loan charges col- lected or to be coNected h connectlon with thia ban exceed the perrr~itted imita, then: arry such loan charge shaN be reduced by the amount necessary to rec&~ce the charge to the perrr~itted Nmit; and (r~ any sums alr~dy co0ected trom me which exceeded permitted I'wnits wi0 be re- tunded to me. The Note HoWer may choose to make thls relund by reduang the principel I owe under this Note or by making a direct payment t~ me. M a refund reduces prindpal, the reduction wi be tre~eted as a partia! prepaymenL I 6. BORROWER'S FAILURE TO PAY AS RE~UIRED _ , ~ I (Aj LATE CHARGE FOR OVEROUE PAYMENTS If the Note Hofder haa not rec¢~ved the tul emount oI any monthly payment by the end ot a$ ~ calendar days after the date it is due, I w~l pay a late charge to the Note Holder. The amount oi the charge w~l be 5.000 96 of rtry overdue payment oi prinapal and j interest. I wiM pay this late charge prompUy but only once on ~ch late payment. (B) DEFAULT ~ ~ If ! do not pay tfie tutl amount of each monthly payment on the date R is due, I w~l be in defauft. ~ (C) NOTICE OF DEFAULT ~ 1( I am in defauR, the Note Holder may send me a written notice te~ing me that if 1 do not pay the overdue amount by a certain date, the ; Note Holder may require me to pay imrt?ed'~ately the fuA amount of prinapal whlch has not been paid and ap the interest that I owe on that ~ amount. That date must be ai least 30 days after the date on which the notice is deGvered w mail~ed to me. ~ ~ (D) NO WANER BY NOTE HOLDER ~ Even 'rf, at a time when i am in default, the Note Holdet does not requfre me to pay knmecC~ately ~ iuR as descnbed above, the Note Hotder ~ will stiA have the right to do so if I em h default at a later time. ~ PAYMENT OF NOTF HOIDER'S COSTS AND D(PENSES ~ If the Note Holde? haa requlred me to pay immedlately in fu~ as desaibed above, the Note Holder wi~ have the right to be paid badc by me ; for a~ ot fts costs end e~enses in entwang thls Note to the extent not prohibited by app6cable law. Those expenses include, tor example, ~ reasonable attomey's tees. ~ ` 7. GIVING OF NOTICES Untess app!icable law requires a difterent method, any notice that must be given to me under this Note wilt be given by delivering it or by maiting it by first c!ass mail to me at the Property Address above or at a dif(erent address if I give the Note Holder a notice of my diflerent address. My notice that must be given to the Note Holder under this Note wid bs gNen by mailing it by first dass mail to the Note Holder at the address stated in Section 3(A) above or at a dif(erent address H I am gNen a noGce ot that different address. 4 f ; :"ULTISTATE FIXEO RATE NOTE-Single FamilyFNMA/FHLMC UNiFOflM INSTRUMENT Form 3200 72/83 ~ r Paqe t of 2 Y~ ~J r ~=T1 (rJ9f99) P(Si88) U(5/17/88) 13797 . ~ ~ ~ dao~ s?~ ~s~ fi: r~.,.`.~ ~ t ~.~F` ~"`'t~:~ V. 'i-.xr?-a~ ~ 6~~ ~ r ~ - ~ ~ _