EFTA Document EFTA01280074

Note December 10. 2014 (Datel PAIN BEACH 435 S Tryon St Unit 700 Charlotte, NC 28202 Property Address., FLORIDA (State] 1. Borrower's Promise to Pay In return for a loan that I have received, I promise to pay V.S. $ 320,000.00 (this amount is called "Principal'), plus interest, to the order of the Lender. The Lender is Fifth Third Mortgage Company I will make all payments under this Note in the form of cash, check or money order. I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note Is called the "Note Holder.' 2. Interest 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 3.000%. The interest role required by this Section 2 is the rate I will pay both before and after :my default described in Section 6(9) of this Note. 3. Payments (A) Time and Place of Payments I will pay principal and interest by making a payment every month. I will make my monthly payment on the 1st day of each month beginning on February 01. 2015 . I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will be applied to interest before Principal. If. on January 01. 2030 , I still owe amounts under this Note. I will pay those amounts in full on that date. which is is called the "Maturity Date.' 1 will make my monthly payments at P.O. Box 630170. Ci nci nnati. OH 45263 or at a different place if required by the Note Holder. (B) Amount of Monthly Payments My monthly payment will be in the amount of U.S. S 2.209.86 4. Borrower'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. I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note. I may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount. before applying my Prepayment to reduce the Principal amount of the Note. If I make a partial Prepayment. there will be no changes in the due dale or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes. 12036 UtTIS 1321 TATE FIXED RATt MOM Spry Farr* ken 11301,to634, Yw WitO11.1PISTRUIAM VIIP Wollan Wont 1330,331 Woes !0247020420361 CONFIDENTIAL <20361321 Gore 32001/01 VI1PSM (13321 M130 I .13 SONY_GM_00031420 EFTA_00142033 EFTA01280074 6. Loan Charges If a law, which applies to ibis loan and which sets maximum loan charges, is dually interpreted so that the interest or other loan charges collected or to be collected in connection with this loan exceed the permitted limits, then: (a) any such loan clew shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from me which exceeded permitted limits will be refunded to inc. The Note Holder may choose to make this refund by reducing the Principal I one under this Note or by making a direct Foment to nte. If a refund reduces Principal, the reduction will be treated as a partial Prepayment. 6. Borrower's Failure to Pay as Required (A) Late Charge for Overdue Payments If die Note Holder has not received the full amount of any monthly payment by the end of Ft (teen 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 4.000% of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each late payment. (B) Default If I do not pay the full amount of each monthly payment on the date it is doe. I will be in default. (C) Notice of Default If I am in default. the Note Holder may send me a written notice telling me that if I do not pay die overdue 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 dot I owe on that amount. That date must be at least 30 days after the date on which the notice is marled to me or delivered by other means. (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 immediately in full as described above. the Note Holder will still have the right to do so if 1 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 full as described above, the Note Holder will have the right to be paid back by me for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for example, reasonable attorneys' fees. 7. Giving of Notices Unless applicable law requires a different method, any notice that must be given to roe under this Note will be given by delivering it or by mailing it by first class mail to me at the Property Address above 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 delivering it or by mailing it by first class mail to the Note Holder at the address stated in Section 3(A) above or at a different address if lam given a notice of that different address. 8. Obligations of Persons Under this Note If more than one person signs this Note. each person is fully and personally obligated to keep all of the promises made in this Note. including the promise to pay the full amount trued. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder tiny enforce its rights under this Note against each person individually or against all of us together. This means dot any one of us may bo required to pay all of the amounts owed under this Note. 420361321 M U4IIST KM AXED PATE NOTE Snala Fray liweftWo• Moe UNWORN IttSTRUUDIT VMP a Maw* M./• Imam' Snot £20361321 Fun 3200 MI VIIPSM (1332) P•242 <4 CONFIDENTIAL SDNY_GM_00031421 EFTA_00142034 EFTA01280075 9. Waivers I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor. "Presentiment" means the right to require the Note Holder to demand payment of amounts due. "Notice of Dishonor" means die right to require the Note Holder to give notice to other persons that amounts due have not been paid. 10. Uniform Secured Note This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage. Deed of Trost. or Security Deed (the "Security Instillment"), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I make in this Note. That Security Instrument describes how and under what conditions I may he required to make inunediate payment in full of all amounts I owe under this Note. Sonic of those conditions arc described as follows: If all or any pan of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require iinmediaie payment in fhll of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section IS within which Borrower must pay all stuns secured by this Security Instrument If Borrower fails to pay these sums prior to thc expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. C.--zde es- (Scab -Borrower (Seal) -Borrower • Manager of the Requiro erra, lorida Limited Liability O Refer to the attached &gnalare Addendum for additional parties and signatures. Loan origination orgathation Ft fth Th1 rd Mortgage Company NMLSID 134100 Loan originator Joann Brown NMLSID 414603 (Seal) -Borrower (Seal) -Borrower (Sign Original Only) 420361321 UtTISTME NEED RATE NOTE • Saes Sarni/ Fn. ILesk•Sto Mac UNIFORM INSTRUMENT VMS* Mims Mow or Frumnal Senn 420361321 Fenn 3200 Mt UNPIN 03322 ANN 3 al CONFIDENTIAL SDNY_GM_00031422 EFTA_0011 42035 EFTA01280076 WITHOUT RECOURSE PAY TO TH E ORDER OF FIFTH THIRD MORTGAGE COMPANY BY: tephen I son. SVP /311,14sete•— CONFIDENTIAL SDNY_GM_00031423 EFTA_00142036 EFTA01280077