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Home My WebLink About2428 i • \ , ~ NOTE sssea January 17. 1990 Stuart Florida Dat~ City State 501 SW F~edrica Street, Port St. Lucie. Florida 34983 Roperty Addrtss 1. BORROWER'S PROMISE TO•PAY in retum for a losn that I have received, I promise to pay U.S. S 32,800.00 (thia ameunt is caYed "princ~al'~, plus interest, ~o cne oroer ot the Lender. The Lender b First National Bank and Trust Com~ny of Tha Treasura Coast I understand that the lender msy transler thfa Note. The Lender or enyone who tekes this Note by transfer and who is entitled to receive pay- ! ments under thfs Note is caNed the "Note Holder.° , 2. INTEREST Interest wi be charged on unpafd p~inc~al untq the tuN amount of prindpal has been paid. I w~l pay hterest at a yeariy rate of 10.000 The interest rate requirad by this Sec~lon 2 ts the rate I wiM pay both betore and a(ter any defauR described h Section 6(B) of this Note. 3. PAYMENTS (A) T1ME AND PLACE OF PAYMCNTS I vvi PaY P~rMdpal and intereat bY ~~9 PaYrr~ent~ every month. I w~ make my monthly peyments on the 1 st day oi each month beginning on MarCh 1. 1990 . 1 w~ make these payments every month untq I have peid aM of the p~incipa! end Intereat and eny other chargea deacnbed ~elow that I may owe under this Note. My monthy payme~ta wi1 be appied to interest betore principal. H, on February 1. 2020 , I stdl owe amounts under this Note, 1 wiM pay those amounts in tuM on that date, which is caNed the "maturity date." I wiN make my monthy paymenta st P.O.Box 9012 Stuart, Florida 34995-9012 or at a dd(erent place N required by the Note Holder. (B) AMOUNT OF MONTHLY PAYMENTS My monthly payment wiN be in the amount of U.S. S 287.84 4. BORROWER'S RIGHT TO PREPAY I I have the Aght to make payments oi pnc~ipa! at any time betore they are due. A payrnent of prindpal only is known as a"prepayment." Whe~ 1 make a prepayment, I w~ll teY the Note Hokler in writing that I am doing ao. . I may make a fup prepayrt~ent or partial prepayments without paying any prepeymer?t charge. The Note Holder wiq use ap of my prepayments i to reduce the amount of prinapal that I owe under this Note. tf I make a partial prepayment, there wtll be no changes ~ the due date or in ihe amount oi my monthly payrnent unless the Note Holder agrees h writing to those changes. 5. LOAN CHARGES ~ i N a law, which appNes to this loan and which sets ma~drnum ben charges, is fnally inte~xeted so that the interest or other loan charges c~{- ~ lected or to be copeded in conneclion with this loan exceed the pemrKed ~imits, then: n any such ioen charge shap be reduced by the amount ; necessary to reduce the charge to the permitted lirttit; and any sums alreedy «~Mlected from me which exceeded peRnitted Curnitts w~l be re- funded to me. The Note Holde~ may choose to meke thRs refund by reducing the principal I owe under this Note or by making a direct payment to me. If a refund reduces prinapal, the reduction wil be treated as a partiel prepaymenL , 6. BORROWER'S FAILURE TO PAY AS RE~UIRED f (A) LATE CHARGE FOA OVERDUE PAYMENTS ~ It the Note Holder has not received the 1uY emount oi any monthy peyment by the end of 15 calendar days aiter the date it is ~ ~ due. I wiN pay a late charge to the Note Holder. The amount oi the charge wiM be 5.000 96 of my overdue payment of principal and ~ ~ interest. I w~ll pay this late charge prompty but only once on each fate payrr~enL ' (8) DEFAULT ~ Ii I do not pay the fuY amount o1 each monthy payment on the daie it is due, 1 wiR be detauR. f (C) NOTICE OF DEFAULT ' ~ N I am in defauR, the Note Holder may send me a written naUce te~ing me that if 1 do not pay the overdue amount by a certaln date, the ~ ~ Note Holder may requ~e me to pay immediately the fud emount oi princJpal whkh has not been paid and aq the interest that I owe on that ; ~ amount. That date must be at least 30 days after the date on which lhe noticce is deWered or ma~led to me. ~ (D) NO WAIVER BY NOTE HOLDER ~ I ~ Even H, at e Ume when I am in defauR, the Nete Holder does not require me to pay immediately in ful as described above, the Note Holder ~ will sGU have the right to do so iE I am in defauh at e Iater time. ~ } PAYMENT OF NOTE HOtDER'S COSTS AND EXPENSES + ~ If the Note Holder has reGu'aed me to pay imrnediatey in tu4 es descxibed above, the Note Holder will have the right to be paid back by me ~ f~r all of its costs and expenses in eniwang this Note to the extent not prohibited by applicable law. Those expenses include, for example, ~ reasonable attomey's fees. ~ ~ GIVING OF NOTICES Unless appficable iaw requires a differe~t method, any notice that must be given to me under this Note will be given by delivering it or by mailing ii by first dass mail to me at the Property Address above or at a drf(erent address if t give the Note Holder e nodce of my ditlerent address. My noGce that must be gNen to the Note Holder under thls Note wiR be give~ by maii~ng It by first class mail to the Note Holder at the s address ststed in Section 3(A) above or at a dif(erent address 'rf I am given a notice of that different address. f `s, • [ g b1ULTf5TATE FXED RATE NOTE-S:~gle Family-FNMA/FHLMC UNIFORM INSTRUN.ENT Fam 3200 12/93 @ S Pege, 0,2 ~~i'. C, ~ = "T~ {09~d9) P(5~8) U{5/17/88) 39588 ~ e ~ 3 ~ `r s~oK674 P~E2428 ^r _:~,n Lv a-r~~. >>r.~a - - "s,~^i-'~ n ~ ~S€~v ~'~~~~~a.z~'-~" ~`a"',~.~ 6~ ~u..=~~