Preview
Jo 1 -CA- 71 8 Sah ceca
FHA Case No.
NOTE 094-7212297-703-203B
Florida
THE STATE DOCUMENTARY TAX DUE ON THIS NOTE HAS BEEN PAID ON THE MORTGAGE SECURING THIS
INDEBTEDNESS.
July 22, 2015 Englewood, ule
[Date] [city]
1400 SEBURN RD, Apopka, FL 32703
[Property Address]
1. PARTIES ©
“Borrower” means each person signing at the end of this Note, and the person's sytcessors doe >esigns. “Lende.
means Loan Simple, Inc., a Corporation
FILED/IN OBEN COURT i D\
Clerk, Ci Orange Co., FL
D.C.
2. BORROWER'S PROMISE TO PAY; INTEREST By
«In return for a loan received from Lender, Borrower promises to pay the principal sum of ONE HUNDRED SIXTY
NINE THOUSAND SEVEN HUNDRED SIXTY SEVEN AND NO/100**#*****eesseeseeeeeesees® Dollars
(U.S. $169,767.00 ) plus interest, to the order of Lender. interest will be charged on unpald principal, trom the
date of disbursement of the loan proceeds by Lender, at the rate of FOUR AND ONE-HALF percent
(4.500% ——_) per year until the full amount of principal has been paid.
and its successors and assigns.
3. PROMISE TO PAY SECURED
Borrower's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the
‘same date as this Note and called the “Security Instrument.” The Security Instrument protects the Lender from losses
which might result if Borrower defaults under this Note.
4. MANNER OF PAYMENT
(A) Time .
Borrower shall make a payment of principal and interest to Lender on the 1st day of each month .
beginning on September 1, 2015. Any principal and interest remaining on the 1st day of
August, 2045 will be due on that date, which is called the "Maturity Date.”
(8) Place .
Payment shall be made at 9635 Maroon Circle, Suite 100
Englewood, CO 80112
or at such place as Lender may designate in writing by notice to Borrower.
({C) Amount
Each monthly payment of principal and interest will be in the amount of U.S. $860.18. This amount
will be part of a larger monthly payment required by the Security Instrument, that shall be applied to principal, interest
and other items in the order described in the Security Instrument.
(D) Allonge to Note for payment adjustments
If an allonge providing for payment adjustments is executed by Borrower together with this Note, the covenants of
the allonge shall be incorporated into and shall amend and supplement the covenants of this Note as if the allonge were
a part of this Note.
{Check applicable box} Graduated Payment Allonge O Growing Equity Allonge
i other [specify} .
5. BORROWER'S RIGHT TO PREPAY
Borrower has 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 Borrower makes a Prepayment, Borrower will tell the
Lender in writing that Borrower is doing so. Borrower may not designate a payment as a Prepayment if
‘Borrower has not made all the monthly payments due under the Note.
Borrower may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The
Lender will use the Prepayments to reduce the amount of Principal that Borrower owes under this Note.
However, the Lender may apply the Prepayment to any accrued and unpaid interest.on the Prepayment
amount before applying the Prepayment to reduce the Principal amount of the Note. If Borrower makes a
partial Prepayment, there will be no changes In the due date or in the amount of the monthly payment unless
the Lender agrees In writing to those changes.
6. BORROWER'S FAILURE TO PAY
(A) Late Charge for Overdue Payments
lf Lender has not received the full monthly payment required by the Security Instrument, as described in Par
ofthis Note, by the end of fifteen calendar days after the payment is due, Lender may collect a late charge\in ti
of FOUR percent ( 4.000 % ) of the overdue amount of each kaynjent.
FHA Florida Fixed Rate Note - 10/95 Initials:
Elie Mae, In. Page 1 of 2
* orvzareots {a:t\pm PSToy
LOAN #: 1504021852
* (B) Default
If Borrower defaults by failing to pay in full any monthly payment, then Lender may, except as limited by regulations of
the Secretary in the case of payment defaults, require immediate payment in full of the principal balance remaining due and
all accrued interest. Lender may choose not to exercise this option without waiving its rights in the event of any subsequent
default. In many circumstances regulations issued by the Secretary will limit Lender's rights to require immediate payment
in full in the case of payment defaults. This Note does not authorize acceleration when not permitted by HUD regulations.
As used in this Note, “Secretary” means the Secretary of Housing and Urban Development or his or her designee.
(C) Payment of Costs and Expenses
If Lender has required immediate payment in full, as described above, Lender may require Borrower to pay costs
and expenses including reasonable and customary attorneys’ fees for enforcing this Note to the extent not prohibited
by applicable law. Such fees and costs shall bear interest from the date of disbursement at the same rate as the principal
of this Note.
7. WAIVERS
Borrower and any other person who has obligations under this Note waive the rights of presentment and notice of
dishonor. “Presentment” means the right to require Lender to demand payment of amounts due. “Notice of dishonor”
means the right to require Lender to give notice to other persons that amounts due have not been paid.
” 8. GIVING OF NOTICES
Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will
be given by delivering it or by mailing it by first class mail to Borrower at the property address above or at a different
address if Borrower has given Lender a notice of Borrower's different address.
Any notice that must be given to Lender under this Note will be given by first class mail to Lender at the address
stated in Paragraph 4(B) or at a different address if Borrower is given a notice of that different address.
9. 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 owed. 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. Lender
may enforce its rights under this Note against each person individually or against all signatories together. Any one person
signing this Note may be required to pay all of the amounts owed under this Note.
BY SIGNI RELO' yower accepts and agrees to the terms and covenants contained in this Note.
(Seal)
JAVIER VELEZ
Lender: Loan Simple, }nc.
NMLS ID: 3032
Loan Originator: Thomas B Flood .
NMLS ID: 170808 )
FHA Florida Fixed Rate Note - 10/95 Initials:
Elie Mae, Inc. Page 2 of 2ALLONGE TO NOTE
LOAN NUMBER: 1504021852
LOAN AMOUNT: 169,767.00
PROPERTY ADDRESS: 1400 Seburn Rd,Apopka, FL 32703
ALLONGE TO NOTE DATED July 22 2015
IN FAVOR OF LOAN SIMPLE INC and a Corperation.
AND EXECUTED By Javier Velez
PAY TO THE ORDER OF . ,
p Wwedy ! OVNI CGE. Grp.
WITHOUT RECOURSE LOAN SIMPLE INC and a Corperation.
DEE SSS
SSS >
NATH. 1
BY:
TITLE: CFO
Pay to the orderof
Pay to the order of Without Recourse
Green Tree Servicing LLG
ithout Recourse Allison Piree
‘ Y Authorized Person
- Green Tree Servicing LLC
Allison: Pee
Authorized Signor
Ditach Mortgage CoP
Preview
Jo 1 -CA- 71 8 Sah ceca FHA Case No. NOTE 094-7212297-703-203B Florida THE STATE DOCUMENTARY TAX DUE ON THIS NOTE HAS BEEN PAID ON THE MORTGAGE SECURING THIS INDEBTEDNESS. July 22, 2015 Englewood, ule [Date] [city] 1400 SEBURN RD, Apopka, FL 32703 [Property Address] 1. PARTIES © “Borrower” means each person signing at the end of this Note, and the person's sytcessors doe >esigns. “Lende. means Loan Simple, Inc., a Corporation FILED/IN OBEN COURT i D\ Clerk, Ci Orange Co., FL D.C. 2. BORROWER'S PROMISE TO PAY; INTEREST By «In return for a loan received from Lender, Borrower promises to pay the principal sum of ONE HUNDRED SIXTY NINE THOUSAND SEVEN HUNDRED SIXTY SEVEN AND NO/100**#*****eesseeseeeeeesees® Dollars (U.S. $169,767.00 ) plus interest, to the order of Lender. interest will be charged on unpald principal, trom the date of disbursement of the loan proceeds by Lender, at the rate of FOUR AND ONE-HALF percent (4.500% ——_) per year until the full amount of principal has been paid. and its successors and assigns. 3. PROMISE TO PAY SECURED Borrower's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the ‘same date as this Note and called the “Security Instrument.” The Security Instrument protects the Lender from losses which might result if Borrower defaults under this Note. 4. MANNER OF PAYMENT (A) Time . Borrower shall make a payment of principal and interest to Lender on the 1st day of each month . beginning on September 1, 2015. Any principal and interest remaining on the 1st day of August, 2045 will be due on that date, which is called the "Maturity Date.” (8) Place . Payment shall be made at 9635 Maroon Circle, Suite 100 Englewood, CO 80112 or at such place as Lender may designate in writing by notice to Borrower. ({C) Amount Each monthly payment of principal and interest will be in the amount of U.S. $860.18. This amount will be part of a larger monthly payment required by the Security Instrument, that shall be applied to principal, interest and other items in the order described in the Security Instrument. (D) Allonge to Note for payment adjustments If an allonge providing for payment adjustments is executed by Borrower together with this Note, the covenants of the allonge shall be incorporated into and shall amend and supplement the covenants of this Note as if the allonge were a part of this Note. {Check applicable box} Graduated Payment Allonge O Growing Equity Allonge i other [specify} . 5. BORROWER'S RIGHT TO PREPAY Borrower has 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 Borrower makes a Prepayment, Borrower will tell the Lender in writing that Borrower is doing so. Borrower may not designate a payment as a Prepayment if ‘Borrower has not made all the monthly payments due under the Note. Borrower may make a full Prepayment or partial Prepayments without paying a Prepayment charge. The Lender will use the Prepayments to reduce the amount of Principal that Borrower owes under this Note. However, the Lender may apply the Prepayment to any accrued and unpaid interest.on the Prepayment amount before applying the Prepayment to reduce the Principal amount of the Note. If Borrower makes a partial Prepayment, there will be no changes In the due date or in the amount of the monthly payment unless the Lender agrees In writing to those changes. 6. BORROWER'S FAILURE TO PAY (A) Late Charge for Overdue Payments lf Lender has not received the full monthly payment required by the Security Instrument, as described in Par ofthis Note, by the end of fifteen calendar days after the payment is due, Lender may collect a late charge\in ti of FOUR percent ( 4.000 % ) of the overdue amount of each kaynjent. FHA Florida Fixed Rate Note - 10/95 Initials: Elie Mae, In. Page 1 of 2 * orvzareots {a:t\pm PSToy LOAN #: 1504021852 * (B) Default If Borrower defaults by failing to pay in full any monthly payment, then Lender may, except as limited by regulations of the Secretary in the case of payment defaults, require immediate payment in full of the principal balance remaining due and all accrued interest. Lender may choose not to exercise this option without waiving its rights in the event of any subsequent default. In many circumstances regulations issued by the Secretary will limit Lender's rights to require immediate payment in full in the case of payment defaults. This Note does not authorize acceleration when not permitted by HUD regulations. As used in this Note, “Secretary” means the Secretary of Housing and Urban Development or his or her designee. (C) Payment of Costs and Expenses If Lender has required immediate payment in full, as described above, Lender may require Borrower to pay costs and expenses including reasonable and customary attorneys’ fees for enforcing this Note to the extent not prohibited by applicable law. Such fees and costs shall bear interest from the date of disbursement at the same rate as the principal of this Note. 7. WAIVERS Borrower and any other person who has obligations under this Note waive the rights of presentment and notice of dishonor. “Presentment” means the right to require Lender to demand payment of amounts due. “Notice of dishonor” means the right to require Lender to give notice to other persons that amounts due have not been paid. ” 8. GIVING OF NOTICES Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will be given by delivering it or by mailing it by first class mail to Borrower at the property address above or at a different address if Borrower has given Lender a notice of Borrower's different address. Any notice that must be given to Lender under this Note will be given by first class mail to Lender at the address stated in Paragraph 4(B) or at a different address if Borrower is given a notice of that different address. 9. 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 owed. 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. Lender may enforce its rights under this Note against each person individually or against all signatories together. Any one person signing this Note may be required to pay all of the amounts owed under this Note. BY SIGNI RELO' yower accepts and agrees to the terms and covenants contained in this Note. (Seal) JAVIER VELEZ Lender: Loan Simple, }nc. NMLS ID: 3032 Loan Originator: Thomas B Flood . NMLS ID: 170808 ) FHA Florida Fixed Rate Note - 10/95 Initials: Elie Mae, Inc. Page 2 of 2ALLONGE TO NOTE LOAN NUMBER: 1504021852 LOAN AMOUNT: 169,767.00 PROPERTY ADDRESS: 1400 Seburn Rd,Apopka, FL 32703 ALLONGE TO NOTE DATED July 22 2015 IN FAVOR OF LOAN SIMPLE INC and a Corperation. AND EXECUTED By Javier Velez PAY TO THE ORDER OF . , p Wwedy ! OVNI CGE. Grp. WITHOUT RECOURSE LOAN SIMPLE INC and a Corperation. DEE SSS SSS > NATH. 1 BY: TITLE: CFO Pay to the orderof Pay to the order of Without Recourse Green Tree Servicing LLG ithout Recourse Allison Piree ‘ Y Authorized Person - Green Tree Servicing LLC Allison: Pee Authorized Signor Ditach Mortgage CoP