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HomeMy WebLinkAbout2020 NOTE EXHIBIT ~~a~~ NOVEMBER 15TH, ~ 19 g9 POAT S ~~ty~LUCIE . E~S~~RIDA 3361 S.W. MUNDY S'I'REET PORT ST. LUCIE FU?RIDA 34953 . [P~operty nad~ess] 1. BORROWER'S PROhiISE TO PAY QQ,000.00 ln return for a loan that I have received, I promise to pay U.S. S (this amount is called "pri~G~N S~~t~N~~ ~~~~CNG~S ~13ANK nder. The Lender is . I understand that the Lender may transfer this Note. The Lender or anyon~ who takes this Note by transfer and who is entitled to receive paymencs unde~ this Note is called the "Note Holder." 2. INTERES'T ' Interest will be charged on unpaid principal until the full amount of principal has been paid. I will pay interest at a yearly rate of 9.625 The inte~est rate required by this Section 2 is the rate I will pay both before and after any deCault described in Section 6(B) of this Note. 3. PAYMENTS (A) Time and Place of Payments I will pay principal and interest by making payments every month. R~ 90 1 w'ill make my monthly payments on the 1ST day of each month beginning on J~~ty 1ST . 19 aQC. I will make these payments every month until I have paid all of the principal and inter4st and any other charges described below that I may owe under this Note. My monthly payments will be applied to interest before principal. If, on DEC,k'~ER 1ST 2004~, . I still owe amounts under this Note, I will pay those amounts in fuli on that date, which is called the "maturity date." "p~ [ will make my monthly payments at 3500 W. OOLtX~IIAL DRIVE~ 4~4i FIAOR p~Dp~ ~ 3~ or at a different place if required by the Note Holder. (B) Amount of Month~y Payments • My monthly payment will be in the amount of U.S. S 42d.71 • 4. BORROVI'ER'S RIGHT TO PREPAY ~ I have the right to make payments 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 tell the Note Holder in writing that I am doing so. I may make a full prepayment or partial prepayments without paying any prepayment charge. The Note Holder will use alt of my prepayments to reduce tfie amounl of principal that I owe under this Note. Ii' 1 make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes. 5. LOAN CHARGFS If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected or to be callected in connection with this loan exceed the pesm~tted limits, then: (i) any such loan charge shall~be reduced by the amount necessary to reduce the eharge to the permitteci limit; and (ii) any sums ; already collected from me which ex~eeded permitted limits will be refunded to me. The Note Hr,lder may choose to make ~ this refund by reducing the principal I owe under this Note or by making a direct payment tu me. If a refund reduces ~ principai, the reduction will be treated as a partial prepayment. 6. BORROWER'S FAILURE TO PAY AS REQUIRED 4 (A) I.ate Charge for Overdue Payments ~ If the Note Holder has not received the full amount of any monthly payment by the end of gj~~ calendar ~ days after the date it is due, I will pay a late charge to the Note Holder. The amount of the charge will be 5.000 °~o of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each late paymeni. (B) Default ~ If I do not pay the full amount of each monthly payment on the date it is due, I will be in defautt. (C~ Notice of aefault ~ If I am in default, the Note Holder may send me a written notice telling me that if I do not pay the ove~due amount ~ by a certain date, the Note Holder may require me to pay immediately the full amount of principal which has not been paid ~ and all the interest that I owe on that amount. That date must be at least 30 days after the date on which the notice is ~ delivered or mailed to me. ~ (D) No Waiver By Note Holder ~ Even if, at a time when I am in default. the Note Holder does not require me to pay immeoiately in ful! as described . above, the Note Holder will stili have the right to do so if I am in default at a later time. ' (E) Payment of Note Holder's Costs and Expenses ~ If the Note Holder has required me to pay immediately in fuU as des:.ribed above, the Note Holder will hav~ the ; right to be paid back by me far all of its costs and ~xpenses in enforcing this Note to the eztent not prohibited by applicable law. Those expenses includ~, for example, reasonable attorneys' fees. 7. GIVING OF NOTICFS ~ Unless applicable !aw requires a different method, 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 Proptrty Address abovt or at a different address if I give the ~ Note Holder a notice of my different address. ~ Any notice that must be given to the Note Holder under this Note will be given by mailing it by first class mai{ to the ~ Note Holder at the address stated in Section 3(A) above or at a difterent addras if I am given a notice of that different ~ address. ~ OR c~ g MULTISTATE FIXED RATE NOTE-Single family-FNMA/FHLMC UNi~ t~~IF v~'s~1r? 3200 12/83 FO[m 1~~ lw FOrm3° QQ~ ~~Q~16Z v* n 160Q005810 SOOK~~~ rALF~t12~ ` _ _ _ - - _ ~.~..p~'.~~~ _ _:~~~.m~..~~~~:~-~:~s.~_.