HomeMy WebLinkAbout019-Indian Mound Water Assoc., Inc.
1 JMd;.~ Jf!1~ ())a;tJ/l
J o.f/JJtll ;.r,M!, ~
~_'~) ROUTING MEMO
j,~~
"-
Department or
c~ganlzational Code
Action
Initials
and Date
I
---.- ._------_.~-~-
1. Your Information
2 Approval
3. Please See Me
4 Please Call Me
5 Please Handle
6 As Requested
7 Please File
8 Note and Return
9 Signature
10 Please Reply
11 See "Memarks
i
h -"-"-2-Re'Our conve-rsJIIO'1
13 Your Comme'1IS or
Recommendations
'4 Read and Pass On
ACTION
~!~~
~~ c kvlOi-i~a-(
~
1 Ihc:l;~
j}-ss- () c. ~ ~
f-~
REMARKS (Use Reverse Side for More
fv () h'l ~ ~~'6?--, II ~
d- Pr);;i~
'171 6"- <Ad ;J ~
jJ-e-- u ~
~~l
VY'\
FROM C~
\ DATE
IA'-/2-~
Form FHA 440-22-
(Rev. 5-2-67)
UN!'\. j ~ A\E~ DEPARTMENT OF AGRI~UL. m
FARMERS HOME ADMINISTRATION
STATE
PROMISSORY NOTE
Florida
COUNTY
Seminole
CASE NO.
o - - 1
KIND OF LOAN:
[K] ASSOCIATION
o LH - ORGANIZATION
o RRH - ORGANIZATION
(INSURED LOAN TO NON-TAX EXEMPT
ASSOCIA TION OR ORGANIZATION)
Date m_m__m__u__Apr.il---25----------------, 19 ___68__
FOR VALUE RECEIVED, _________I.NDI_AN_J1QUND-jJ1:ATER_-AS-S0.ClATION.,.--INC-----------_________m_________________________________________
(herein called "Borrower") promises to pay to the. OfdE.)r iqf,"!he United States .of America, acting through the Farmers Home
. . .',' .. ,i ", .,'
Administration, United States Department of Agriculture", (h~rei~ called the ..,bo~~r~ke~l,;'niat4t$ office in ___m_m_____u______________
___________m________S_aD.fQrQ.-J.--E19..:r..t-Q.9,----uu----------------------_m___ , or at such other place as the Government may hereafter designate
in writing, the principal sum of .$i~tY__~;tgJ.rt;.mrhQ\1:9_@_Q___1'.W_Q__.HWlgr?Q---9JJ.-g---N.Q/lQOi~:-':?!-2tl_~i:-:-~*?5"i~:_j~~~~*j~ dollars
($ __68_,.2.0-0...00--------------- ), plus interest on the unpaid principal balance at the rate of _______________live__m__________________..._ percent
( _______,__________ %) per annum. The said principal and interest shall be paid in the following installments on the following
dates: $ _2_,_635_.._00....___________ January 1, 19 _69_____ ,
~ and $ 4,..00_7-.0.0---------------- annually t'-2TE'o(c
.1 January 1, except that the final insta1lm ent shall
be paid at the end of _m___________.fort.;y:n------------------------- ( _____u..0__________) yems from the date of this note, and except that prepay
ments may be made as provided herein below. The consideration herefor shall support any agreement modifying the fore-
going schedule of payments.
If the total amount of the loan is not advanced at the time of loan closing, th e a anced to Borrower in
accordance with the schedule stated on the reverse side here . s will accrue on the a ount of each advance
from its actual date as shown on that schedule. ~~l
Every payment made on any indebtedness evidence by this notJ'. ~d\'t~. to int rest computed to the
effective date of the payment and then to principal. c..\J.f>.. \N rA t ~
Prepayments of scheduled installments, or any porti n there'm',' ma be mad at any time at th option of Borrower.
Refunds and extra payments, as defined in the regu1ati s of the F Hom inistration acc rding to the source
of funds involved, shall, after payment of interest, be a lied to t st to b ue nder this note and
shall not affect the obligation of Borrower to pay the remain g install e e ein.
If the Governmel1t at any time assigns this note and insures e ~~e B~;.q~Ra 1 continue to make
payments to the Government as collection agent for the hold . .~. i~~U "\ Ot"t"\V~
While this note is held by an insured lender, prepayme t s ~Qtlb\H' by Borrower m ,at the option of
the Government, be remitted by the Government to the h ~R~t1y Jr. ~ or final payment, e retained by the
Government and remitted to the holder on either a calend r qdlih~rDasls or an annual installme date basis. The
effective date of every payment made by Borrow'~r, except p yments retained an e overnment on an annual
installment due date basis, shall be the date of the Unit asury check by which the Government remits the
payment to the holder. The effective date of any prepayment retained and remitted by the Government to the holder on an
annual installment due date basis shall be the date of the, prepayment by Borrower, and the Government will pay the interest
to which the holder is entitled accruing between the effective date of any such prepayment and the date of the Treasury
check to the holder.
Borrower hereby certifies that it is unable to obtain sufficient credit elsewhere to finance its actual needs at reasonable
rates and terms, taking into consideration prevailing private and cooperative rates and terms in or near its community for
loans for similar purposes and periods of time.
If at any time it shall appear to the Government that Borrower may be able to obtain a loan from a responsible cooperative
or private credit source at reasonable rates and terms for loans for similar purposes and periods of time, Borrower will,
lit the Government's request, apply for and accept such loan in sufficient amount to repay the Government.
FHA 440-22 (Rev. 5-2-67)
Default hereunder shall constitute default under any other instrument evidencing a debt or other obligation of Borrower
to the Government or securing such a debt or other obligation and default under any such other instrument shall constitute
default hereunder. Upon any such default, the Government at its option may declare all or any part of any such indebtedness
immediately due and payable.
This note is given as evidence of a loan to Borrower made or insured by the Government pursuant to the Consolidated
Farmers Home Administration Act of 1961 if the box opposite "Association" is checked under the heading "KIND OF
LOAN", or pursuant to Title V of the Housing Act of 1949 if the box opposite" LH - Organization" or "RRH _ Organization"
is checked. This note shall be subject to the present regulations of the Farmers Home Administration and to its future
regulations not inconsistent with the express provisions hereof.
Presentment, protest, and notice are hereby waived.
(CORPORATE m':AL)
__~____h__I. AN--Mo.UND_h11AT&'Il_.ASS.o.c ATIDNy___IN
__ __ h.-~h_n_ nn _ __ _o~ ~orro~er~__
(Si~nature 0 Executive Official)
--------_h------h-_h--J?RE-SIDEN_T_n____uhn__n__h__n__hnhnh__u__ n__
(Title of Executive Official)
-nhuhh-SECRETARynnh__h__h__hn________________h____n__h__h__h__hh___
(Title of Attestin~ Official)
____h__): -. mQ...._B.QX__13JQ u . ___h__h__ h _m __hn__n __ h __hn _m____ __ h___
(Post Office Box No. or Street Address)
--------~~n.f(n.d..-nFl-Qridan.32-'Z71hn___n________h__h__hn__nn_
(City, State, and ZIP Code)
(1) PRdFoSED DATE OF ADVANCES _(2) AMOUNT _ (3) ACtUAL DATE OF A.DVANCES
, .
.
,
SCHEDULE OF MULTIPLE ADVANCES
Pay to the order of ----uhnnhu--nhn--u__n__~_C!:.~S_~~~~_~~___C9.~1;9.0_n~~..,mt_._.~___~-U~-----nnhnhh__h_h___hnhn__h__h__h___h
rr,~ustdes Fund-Ret!r-~m"u;t
" "
. h _. -- h -- h -- h -- -. -- - -- -- h - -". -- n__ -- -. -- "..__.u .'h._ ...-.. __ __ __ __ h __ __ __ __ __ _ __._ __ __ h". __ __ __ __ h __ h ..__h __ __". ____._ ____ __ _ ___. __ n._ __~_ ",. __ ______ "'h _. h n________.
UNITED STATES OF AMERICA
'~~ FARMERS H072&~
BY - ________n h nh __hn __ nh__ ____ __ __ ____ __ hn __ __ __h n__ __ __h ____n __ n _. __ ___ _ __ u _ _____
~ :~:~TEE.~~~~~. G~~:~;~~1UND.RE~IRF:M~N'........msUR~D~~:~:n~~ij....(r;;;;)--------
'---.. . "f/V . . "
'P '/ . u_ .. _______
. :~.~.TJE-.-.--~--~~~.~;-J-..~!?~- -G~A~:
\.~
PAY TO '!Hil ORDER
UN ITED S'l~ A"TES OF
'liITHOUT rmCOURSS
OF THE 1
AMJJ:R1CK
/1
1
ASSIGNMENT
KNOW THAT THE UNITED STATES OF AMERICA, FARMERS HOME
ADMINISTRATION (the "Government"), for value received, hereby
assigns without recourse, as set forth in the Loan Sale
Agreement dated as of September 1, 1987, between the Government
and Shawmut Bank, N.A., As Trustee Under a declaration of trust
dated as of August 15, 1987, known as the Community Program Loan
Trust 1987 A, in Care of General Electric Credit Corporation, as
Agent for the Trust, 3535 Briarpark Drive, Suite 260, Houston,
Texas 77042 (the "Assignee"), unto the Assignee and unto the
heirs, successors, legal representatives and assigns of the
Assignee that certain bond, note or other obligation issued by
Indian Mound Water Association, Inc., Case Number 09-059-
0000519895 (the "Borrower") to the Government to evidence a loan
in the principal sum of $68,200.00 (the "Loan") dated the 25th
day of Apri I, 1968, together with al I right, title and interest
of the Government in and to all loan agreements, security
agreements, fidelity bonds and other instruments, contracts or
agreements pertaining to the Loan, in each case including,
except as expressly provided hereinbelow, all rights of the
Government to exercise any election or option or to make any
decision or determination or to give any notice, consent, waiver
or approval under or in respect of any agreement pertaining to
the Loans or to accept surrender of any property securing any
Loan or any part thereof, as well as all rights, powers and
remedies on the part of the Government, whether arising under
any of the agreements pertaining to the Loans or by statute or
at law or in equity, or otherwise, arising out of any default or
event of default under any agreement pertaining to the Loans, to
have and to hold the same unto the Assignee and to the heirs,
successors, legal representatives and assigns of the Assignee
forever: provided, however, that the Government does not assign
to the Assignee the Government's right to compel the Borrower to
prepay the Loan solely by reason of the Borrower's abi lity to
refinance its unpaid indebtedness under the Loan at reasonable
rates and terms, and the Government hereby irrevocably waives,
relinquishes and agrees not to exercise any such right it may
have under any of the instruments, contracts or agreements
herein described or under any Federal law or regulation.
The effective date of this assignment is September 1, 1987.
IN WITNESS WHEREOF, the Government has duly executed
th i sAss i gnment the ..:?t:J1 day of September, 1987.
UNITED STATES OF AMERICA
FARMERS HOME ADMINISTRATION
By:
ACKNOWLEDGMENT
STATE OF FLORIDA
S6:
COUNTY OF LAKE
I HEREBY CERTIFY, that on this day, before me, an
officer duly authorized in the State aforesaid and in the Coun~y
aforesaid to take acknowledgements, personally appeared Ronald
G. Whitfield, to me known to be the person described in and who
executed the foregoing instrument and he acknowledged to me that
he executed the same.
Witness my hand and official seal in the County and
State last aforesaid this c~~ day of September, A.D., 1987.
v;:;!i~j.~~
Notary Publ c
(SEAL)
My commission expires:
NotIry MIic. SUta of Ronda
My C""..,;.- 1IpiM. .fan. 16, 1919
ifR4t4 ... '" .. ........-.r. IAL
.
GE Capital
Genera/ E/8ctIfC Cdpltal CorpordtlOlI
70777 Vvesthelmer. SUite 7200.
PO 8m 420250 Houston TX 77242 0250
773 7856055
December 1. 1989
Mr. Paul :-loore
City Of Sanford
P.O. Box 1778
Sanford. FL 32772-1778
RE: Indian ~ound Water Association
Case ~umber 09-59-519895
Dear :ir. :ioore:
This is to certify that GE Capital on behalf of the Community ProEram
Loan Trust 1987A. has received adequate funds resulting in the Indian
~ound Kater Association loan to be satisfied in full. Enclosed 1S
the prc.'missory note marked paid in full. and the assignment of
interest from Farmers Home Administration to Sha~mut Bank.
If you should have any questions. or
please do not hesitate to contact
selovicing your account and GE Capital
~-ears te! come"
require further information.
me. It has been a pleasure
wishes you the very best in the
SincerelY,
cJjLL,\jf[~)lL (! ~c-/
Theresa :liller
Re\ieh CLourdi 1l3tor
E1!clc)Sl:r;:>
fl17/tam
A GE FlndnCla/ Services Cnm/Janv
,j::. H
....... ;:J
N P.
Ul r-'-
....... OJ
0'\ ;:J
co
::s:
o
c
;:J
p.
:2;
OJ '''.
~ !~,
on
I W
g ~ rr
..... 0 1.'
1...0 . .....