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HomeMy WebLinkAbout0934 , EXHIBIT "B" ~ ~ ADJUSTABLE RATE NOTE This Note contains provisions allowing for chonges in my interest rate every S years. If my inferesf rate increases, my monthly paymenfs will be higher. if my interest rate decreases, my monthly poyments will be lower. Ft~.~ ~Pieroe ....Florida.......... . I~~'Y; ~State) 14. April. IU....83 656 S. W. Sail Terrace, Ft. Pierce, Florida 33450 . _ ~c-octi„Y a~a~~•ss> 1. S()RRO~ti'H:R'ti YR()~11tiE T() PAl' In rcturri li,r a luan thal I ha~r rr~ri~ed. I~rurn~~e ti, ra~ s`_a6.,asa.0(1 (thiti .~m~~unt i~ ccilircl ..pnncipal"). ~?!ut interr.t. t~~ thrurdrr~~ithr Lrn~lrr. The Lrn~rr i. FIRS`,I ..[AILIOIII....SASIINGS.....~..IAAI~I......... .....~~.5~~~~~.~...~~Si..S.tK7~:SSOxS..r~i1C~/OI'...dSSl~_.........__ I un~lcr~tand th~t thr l.rndrr ma~ trantifrr th~~ tis~tc. l hr LLiiJrr ur an~~mr ~~h„ t:i~,e. ih~, tiutr M tran.(rr :u?~ ~~hu i~ rnt~tlr~1 ti, rrrei~r p:~~ m~nt~ undrr thi, ti~~tr r.~llyd thr "\i~tr H~~IJrr." i ~ 2. 1~7"F:RE~T ! ; Inlrretit ~?tll hc rhar~,e~i <~n thc~t r.~rt ~,er~~~~~~~:il whirh ha. nnt hrrn ~aul. Intrrc,I ~~ill hr~h.~rgrd Ix~g~nning unlhr ` d:~Ir uf thiti Ni~tr.~nd re,nt~nuing unnl the tull ,im~,unt ~~f rnnr~r:il ha. hrrn ~c~~~l. F P Brginni~ig un thr Jalr ~~I~ thi~ '~i~t~. I i~ ill ~.i~ intrrr~t a1 :i ~r:~ri~ r.~tr ut 12..25 . I hr ratr c~f intrrc.l 1~~ill ra~ ~ KI~I iF18Il(~C III a~c~~rdanrr w~ith tirru~,n -3 ~~f thi, \utr. ~ ~The ratr ~~f intrrr~t rryuirrci h~ thiti Srit~~~n an~1 Sr~tu~n ~3 uf thi. 1~~tr i. thr r:~tr I~~ill ra~ Fx~th hrti~re an~1 af~~r an~ ~ default clekrihrd in Sr~ti~,n 7(81~,(thi.'.`utc. ~ 3. PAt'~1F:\Tti ~ IA1 Time and 1'lace of Na~mrnts ~ I will ~a} rnnri~al and intrrr~t M makin~; ~a~ mrnt~ c~rry nu,nth " I~~ill ni.ikr m~ m~,nthl) ~~:i~rnrntti ~~n thr tir.t ~1a~ nf r:irh m~mth hrginnin~, i~n ...._1..~W?~......... . . 19.... 83. I~~~II makr thr,c r.~yment~ r~rn m~mth until I ha~e rai~! .~II ~,f tiir , nnr~~al :ind imerc~t .ind an} ~~thcr rhargr~ dr~rrihed Fx~I~~H thal I ITI:i~" (~NC Ulll~l'f flllti \i~tr. ti1~ mnnthh r:~}ntrnt~ w~ll hr :~~~i~~~ t„ ~~,~ere.t hef~~re ~nnri~al. I!. +,n ......l.i!'~y._ . _ _ _ . ~r~..13. . I tihU ~,~~r ami~unl~ unclrr Ihi~'`u~r. 1 ~~~ii ~:,ti ~n~,.~ r~,u ~nat d~tr. : ~ which iti ralled thr "matunt~ ~atr " S I Hill m~kr m~ m~~~~thl~ ~a~mrn~~:,~ 610 Delaware Avenue, Ft. Pieroe, Florida 33450 _ - - _ . _ . . . „r at :i di;Trrrnt ~lai~ if rryuirrci h~ th~ ti~~tr H~~Idcr ~ ~B1 Amount rrf ~tnnthl}~ E'a~mentti V1)~ mi~nthl~ raytnrnt wil) h~ in Ihr.inunmt ~~t l'.S. ~4.$~..~`> _ fhiti am~~unt ~+~II ~h.~ng~ if thr I ~ ralr ~~i~ ~ntcrr`t th.~t I mu.t ~~a~ ch,,nk« "I h~ \~,Ir Hi~lclrr ill ~lrtrrmmr ni~ nr~+ r:it~~ ~tif intrrr.t an~l thr ~h:inEr~1 am~~unl ~~f m} munthf} (~a~ nirnt in arrc~r~lanir u h Sri t:un -3 ~,f I hi~ \~~1~ - z: 4. ItiTERF:tiT RATF; A\U ~tO\7'HLl" I':11"~1r:\T ('H:1ti(:Eti (:11 ('hanKe i)ates i' 7 hr ratr ~,(int~re~t 1 ~?ili ~,a~ ni,i~ rh:~ny~r ~,n Ih~ tir~l cl:~< <,f 1_ ~?Y . _ I'? 88.. . :iii~1 ~~n that da} r~er} M)th m~~nth thrrr.iftrr. l::lrh ~1:~t~ un H hirh m~ r.~te ~~f intrrr.t ruul~l ~ h:uit~r i, ~:?Il~el :i "C'hc~n~;r f).~Ir 113? Thc Index An~ ~h.~ngr~ in m~ r.~tr ~,I intrrr.! ~~ill hr ha~r~1 t,n rh.ui~r. in ihr Iriclr~ fhr "ln~ei" i. thr wrrl~!) :~~rra~;r ~i~•1~1 un l~nitrcl SIa1r~ I rea~iin .riuntir, a~l~u,tr~1 i~, r~ni~tant matunl~ ~~f S~ra;~. a~ niatlr :~~ail.~hlc h~ thc Fr~1~r:il Kru•nc ~3 13~,ard. ~Th~ m~nt reirntl~ :nail:ihlr in~1r~ tigurr ~~f Ihr ~latr ~l< <1a~. h~~ti,re <<irh Clian~e I)atr iti ~allrci thr ..C'urrrni - - ~ Indc~ tf ihr Inc)r~ nr~ I~,n~zrr :i~,~il.~hlr. thr 1~~tc~ }I~,Itlrr ~~ill ~h~,~,.r nr~~ i~iJc•~ ~~hith i. h:~~r~l uE,~,n <<m~~~aranlr ~ ~ inii~rmaiiun 1 hr \~~tc• f1~~l~1rr ~?ill knr nu r,~,ti~r~,f ttt~.:h~n:r ~ ~ e PIAN 6 NOTE-~ 4 Fom~ly 9 82 FNMA Uniform Instr~ment Bn~iK 4~ rar:E r ~,~~n . . w_ w.. . ,e~~_ s ~ ~