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• . G~ID~JA1~ P~Y!'B~TP 1~1~
' (Nitl~ Interest Rate Changes Bv~ety 6 Not~tt~s)
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T8I8 NOTB (~0~1'PP?IN3 PIiO~RSI~l3 Ai~II~ E~tt ~ IN !~C II~t8R8S'T Rl~ AND !O[~I.Y
Pl1YM~1'lg. , '
THIS NO?1'6 l~irSO PApVIDBB !bR CAI~LATIQ~IS 0! '1Tiq 36Pl~RR~B ~+Y Pl~Yl~Nl' Al~~1T3.
ONB Ii~LL BB THB-. Al~I)NTl' I l~TST l~?~C'RIALLY P1~1Y BACH l~NTB. TpB OTHBR ~TILL 8B AN
Al~qONT ~AT I~JLD Pli1Y S~CH l~JN'1'H TO PULLY P6PAY ~36 IQi1N CN ~16 !~l1TURITY 0~?ZE.
T8B PRINCIPAL Ai~O~JNT I l~T9T RBPI~Y 1TII.L HB LA1~BR THAN T8B AM0~1NT I ORIGINALLY
BO~F~D~ HTl' I~1' 'II~AN 125i Otr '~B ~GINAG J4l~Tl'. , ~
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ty ~ State)
. . 14hrch 7 ~ , 19 83
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Hmersan Avenue, Acut~e 8. Bax 930A, Apts. C& D, Fbrt P~ere~. F'lo~ida 33450
(ProQertY Adk~res~ -
1. BQ~1BR' 3 P'~~lISB TO PAY ~ ~
In return for a loan that I have received, i praaise to pay O. S. ~0,000.00
_ plus.any amounts addec7 in accordanee with 3ection 6(A~ of this Not~
e
tthe
total araonnt ~ is c~llec] "principal" Psus interest, to t~e order oi the Le:x3er.
The Lender is A113~n~oe . I understanc# that the
Lender may transfer tt~ s Note. T Le er or anyone ~#~o takes this Note by
transfer and who is entitlea bo reoeiv~e pa~yments under th~s 1~lote is callea the
"Note Holder". ~
2. II~l~T .
(A) Interest Ow~ed . . ,
Interest vrill be charged on that part of principal which has not been
paid. Interest Mill be charged beginning on the dabe of this Not~e and
continuitig until the full amou~tt of principnl tias been paid.
eeginning on the date of this tdote, I aill nwe interest at a y~early rate
of The rate of inteYest I r+ill are will d~nge cn the first day
of cr_t.~+- ~ , 19~, ana on ~that day every 6th month thereafter.
' Bachr aa-'
Le~an `nirn my ratre of lnterest aould dsange ia called an "Interest
~ Change Date". !~!y new rate of interest will become effective on each
Intereat Change Date. ~ '
~ (B) The Index .
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~ Any changes in my rate of - interest~ will be b~+sed vn d~anges in the Irdex.
~ The "Yndex" is the avera~ weekly auctian rate on tfiited States TreasuYy
~ bills witb a maturity of 6 months, as ~oade availatile by the Federal
~ Reserve Board. The a~t re~ently available Index fiqure as of the date 45
days before each Intereat Change Date ia called the "Current Ic~dex". As
~ of the date hereof, the Cun~er~t Inde~c is 7,,948
~ If the Index is no longer available, the Note Aolder will cfioose a'nei~i~~ -
i index which is based upors canparable information. Tfie Note Holder will
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give me mtioe of tnis cfioiee.
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~ (C) Calcvlaticn of Int~erest Rate Cbarges .
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; Before each Interest Change Date, the ~Note Aolder will calcvlate my ne~w
~ . rate of interest addi 4 percentage points ( ~~2 tA the
; Current Inaex. The
Nvte~Ho~ldeY~~then round the result o~ this addition
; t~o the nearest one-eighth of one pero~ntage p~int (0.125~). This rounaed
~ amount will be ~ay new rate of interest until the next Interest Change
~ . Date.
~ (Fi.) t~lOr1E - FLOtIBIE MORZC'~lGE LO~AN P'~OGRAM 9/62 ,
~ 1016 Revised 12/82 •
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~3~95 P~ 9 ~~5
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