HomeMy WebLinkAbout0960 ~
~ ~
:
~ ,
.a~ ~ PP1Yt~P I~1'S
(llitt~ Interest Rat~ Ch~ges BveYy 6 l~onths)
TBZS NO?i'B E)ON'PP?INS PI~VI3IQ~13 AT.i~+lII~i P~[t ~ IN !et II~T ~WTS 7~ID MQ~43LY -
PAYI~l'8. . . .
THIS NOrl'B 11i~80 P'RaVIDBB liOR C~LQ1I+~1TI~19 OF '1~A0 SBPARXIlS ~C PAYl~ ~ND~~TPS. .
ONB ~I~.L H8 ~B 1~M0~NT I!~T ~C~JALLY PAY BAC~i l~ON'1'8. TE1B OTBBR I~ILL 8B AN
A!lt~IJNT TB~T I~1LD PAY B~1~CH !~N'1'8 TO lL1Ii.Y IiRP~f ~B IQkI Qd ~B !~P?'1ZJRI17t OA~S.
~B PRINCIPAG AMlO~1NT I l~JST RBP1~1Y 1RLL. BB L~BR TfIPiN TflB Al~Ot~ I ORIGINALLY
BO~, HlT t~10?P M~ ~N 125t 0!~ ~HB atIGINAL Al~Jt~.
. ~ PrltT P~8 ~ FLORIOA
. ty State ~
- • ~ 7 , 19 83
' ~ (Date)
~ ~
HaeRrson A`s+nue; Roube 8, Bax 930A, Apts. A~ 8, F+ort P3,er~ce. Flarid~ 33450 `
(Pr'ai~ertY AddL''ess) -
1. BQ~1BR' S P'RQ~lISB ~ PAY
in return for a~ loan that I have received, i p~romise tio pay 0. 3. $_,0; 00
plus any anwunta acldea ir~ accordan~e with Section 6(A~ of this Note ( the
total a~aount is aalled "principnl"), plus interest, bo the order of the Lender. ~
The Lender is ~1~~ O . I understana that the
Lender may transflth s Note. T e Le~ er or anyone who takes this Note hy~
tranafer and who is entitled 1n receive payments urxler' this Note is callea the
"Note eolder". .
2. IN1E~R~ST -
(A) Interest Owed ~ . .
Interest yrill be -ctiarged on that pa~rt of principal which has not _been
p~+id. Interest will be charged beginning on the dabe of this Note and ~
aontinuirg tntil the full amount of princigal has b~n paid. ~
I ~
eeginning on the date of this Note, I will~owe interest at a yearly rate ~
~ of ,y~~~. The rate of interest I will vwe will d~ange on the first day ~
i of c~+-~- , 19~,~,, and on that day every 6th nanth thereafter.
i Bachr aaLe an wnirn my rate of interest could ehange is called an "Interest
; Change Date'. My new rate of interest will become effective on each
' - Interest Change Date.
r
,
i . . #
~ (B) Zrie Index ~
1
~ Any changes in my rate of interest Mill be t~sea cn changes in the Inaex. ~
The "Index" ~is the average veekly auctian rate on United Statea Treasury
bills with a maturity of 6 months, as made available by the Federal
Reserve BoatY]. The n~st rec~ently available Ind~c figure as of the date 45 ~
days before each Intereat Change Date is c~lled tt~e "Current Index". ~ As
~ of the date heY+eof, the Current Index ie Z,~,$. .
~ :
~ I f the Index is no longer a~vaf lable, the Note 8older will cfioose a n~r+ •
~ index vhich is based upon ccmparable inforawticn. The Note Ho18er Mill
give nie natioe o~ thia ctaiee. '
; (C) Calculatian of Interest Rate Charges ,
~
~ eefore each Interest Change Date, the Note 8older will c~alculate my neyr~
~ rate of interest by adding .~2 percentage pointa (_4. 302 t~o the ~
Current Indeu. The Note Ho1deY4w-31~then rouna the result o~ addition '
~ to the nearest one-eighth of a~e peroentage point (0.125~). This rounded
amount will be ny new rate of interest until the next Interest Change
Date.
(FL) NO~I'E - FI.OCIBIL~ l~~GE LO~AN PAOGRAM 9/82 .
1016 R~ewised 12/82 •
i . ~ ;
~395 P~E 959 -
~ . ~
. _
_