The URL can be used to link to this page

Home My WebLink About0965 ~ . _ _ . _ _ _ _ _ • _ _ - ~T "A" . . . GRADUATED PAYMENT NOTE ' ' (With Int~rat Rste Cbsa~a 8very S Years) Tt~is Not~ ~~tolns provisio~s ollowi~~ for she~~s ie my int~nst n~t~ ond rnonthly ~r~.~+h. y My ewnthly paya~a~t will i~as~ by 7~le96 weh y~ du~in~ th~ Ant flv~ y~on of thi: Not~. My ~dei~ n~onthly poym~nts oiso ~ould incnes~ or d~was~, d~p~ndin~ on chan~s in my inhns! rot~. If th~ provision: 01 this Net~ p~~nit ai~ ~o do so, l wUl b~ abl~ to Iia~H ~ay a~onth{y poya~~nt tnc~o~s,to 7~96 ~och y~ar. . Th~ p~indpol anNwnt 1 inu:t ropoy wiii b~ lo~~~ fhan th~ amoun~ 1 o~i~inoll~? bomow~d. but not mon than 1ZS96 of fh~ o~i~inai an~ouM. - ............~~~a................... . [c.;~rl [sta+.) ~ ......2.~...... 19. R~1. ....................................2~~..~~ar.~~..~~.. ~r ~ul.tr,i~e,,..ELor3~....33d52.......................................... ~ i. BORROWERS PROMISE TO PAY In return foc a loin thit I have r~eoeived. I promise to pay U.S. 5........... 54•,~r.QQ plua any amounts addod in socordanoe witb Section 8(A) of this Note (the toul amount is called "principal"), plus interest, to the order of th~ Lender.'Fbe L.a~der is ......F.IBST..L~T~I..Sa~tI~iGS..AtiRI.IQA~T•.AS.90CLAT~13.r.s..~3,o~[:i,t18 ......~~k~ . _ I wedastand that the Lender may transf'ar this Nate. The La~der or anyone wbo takcs thea Note by transfer and wbo is entitled to reaive payments tmder thia Note ea calkd the "Note Holder." ~ 2. IIVTSRES'1' (A1 Lta~st Owcd ~ Interest ~riU be c~arged on that put of principal which hss not been paid, beginning on the date I rc+oave princip~l and conlinuing until the full amowii of principal hsa ban psid. H~ginniag on the date I rc+o~ave principal, I wilJ owe intersat st a yeuly nte of .13~..?5~96. Th~ interat nte 1 wiU P~Y will chsnge in scoordance witb Soction 4(A) of this Note oa the first day of ...........~'~......lst..,19.89 aad ~ on that day every 60th month thereafta. Each date on which my interest rate oould change is caped an "Interat G7~ange Due." (B) 'ltie Indac ~ Beginnin8 with the Gr~stt Interest Change Date. my interest rate will be based on an IndWC: Tbe "Indti" is the weekly average yield oa Unitod Stata Trasury sa;urities adjnsted to a constant maturity of S yeus, as msde availsbk by the Federal Re~a~ve Board. The most recent Indac figure availabk as of the date 45 days before a?ch Int~xat Change Date ~ caUed the "~tre~t Indcx." If the Inden is no longer availabk, the Note Hokkr wiil c6oo~e a nea index which ia based upcxi oa~m~rabk informatio~n. The Note Holda w?il! give me noticx of this choi~e. (C~ Iaterat Athr Defsalt - 'Ibe intereat rate requirod by t6is Section 2 and Section 4(A) below is the rate I will psy both before and afta any ddautt deacn'bed in Section t 2(B) belo~v. 3. TIME AND PLACE OF PAlt'MFNTS - ~ I wil! P~Y P~P~ and interest by makin8 P~Ym~ts every moath. My monthlY P~Y~ts wiU be applied to intuat befon principai. ~ I Mi[I maice my m~thly PsYmenta on the firu day of eich month begianing on .....~.........~5?t..........., 19.$4.... I w?ili malce tbeae payments every month unti! I have paid all ihe principal and intenxt snd any otber cbaraes dacn'bed below th:t I may ow~ under this NotG It'. on ........,~'~t~ .,......lst..., 20..1A..., I still oa?e smounts under thi~s Note, I ~ P~Y those aa:ounts in full on thut dst~ w?bicb is called the "maturity data" I wiU malce my monthlY FsYm~ta at ....F~ Li~L~i.SAV.DdC~S.Ai~ID..7rO~ii1.~1S90CI~TI~1,,..b1Q•• - .-...D'e.?*~!~?~?~!~. Al~!,~s...~~. .~;~~~•...~'~~Gia..~~!4S~A or:t a di~'a ent pLcx J required by tbe Note Ho3der. . - 4. INZERFS'I' RATE t~IArTGES AND FULL PAYMENT AMOUNT . tAJ Gkwbtioo of New Lterat Rste . and F~U Payaratt Aewaat - Eacb of my first 60 monthlY payments couW be las than a FnU Psyment Amount. A"Full Payaient Amount" is tbe monthly amouat sufficient to repay the amount I originally borm~ved, or the uapaid principal balarxx of my b~n u of an Interai Chaage Date, in full on the maturity date st the inta~at rate I am required to pay by Sectioa 2 sbove or thi: Section 4(A) in sabstantisUy equal payma~ts. Beginnins on the dste of thi: Not~. my arst Full Payment Amount w?iU 6e U.S. 5......58$..38 until t~ first Inte~est Change Date. Bd'ore e~ch Interest Change Date. the Note Holda will detmnine s new Ful) Payment Amount !or my loan. The Note Holda will 5rn calculate my ne~v interat rate by sidding ....2.+~0,..... percentage poiriu (.....2.A4...%) to the G~ureat Indea~. The :um will be my aevv intaat rate wiW the nact Intaat Change Data The Note Holder rviU tha~ detumine the amauat of the monthlY P~Yment that ~vould be sul6cient to repsy the unP~ P~P~ balance of my losa that I am ea~pectcd to owe on the Intvat Change Date in full_ on the matwity date st my ncw? intaat rate in substantially equal psyments. Tbe rault of this cakulation is my new FuU Payme»t Amount. Esch new intereat rate ~vill become effectivrorf each Interat Change Dste, snd each nea Full Psyma~t Amount w?iU beoome etFective on the ftrst month)y p~ymrnt dste aRer tbe Interat Change Date. A BOOi `lt~GJ PACf e~~ 6ttADUATEO ?AYMp~tT NOT6~-.S Y~ar Tnasury Md~x--t~ Fanw~-s~83--ENMA unilsn. Ma~ ~ ~ 990011 ~ .