HomeMy WebLinkAbout0949 ~
~
,
1
~ .
. . .
. ; .
~ ~ -
, ~ , ~
ADJUSTABLE RATE NCrTE
~ ~ v..r '~1r...~r t~-s.r ca~: )
Tws ~ co~~ws ~~oMS ~u~a ro~ cwu+o~s w nnr ~sT w?~ ~?No
rr roKr~Y ~s MoTS urris 1r+E ~T ~r ~sT a?~ ci?n
cw~i+a~ ~~n o~ ~ wo ~ w?w~~ ~ ~ w~rr w?Y.
December 30th, 19.$~ West..Palm Beach Florida............................
~ {Suce1
5059 No. AIA, Unit B-906, Ft. Pierce, Florida 33450 ,
....................................................................................[~r AY~wr~
1. ~OttO~1VtF~'S l~fit '1~0 rAX
In natwa for a bs~ tiat I~aMS e+~c~i+~i. I P~'ombs to P~r U.S. t 75~000.00 (tba amount is calied
~p~t~p p~ q/~rwt, W tYs O~~O~t d tM I.e~d~t 'ILe L,eodet is , FLAGLER N~~IONAL„BANIC . ~~..:T~~
PAI,MpBEA~~IES~_ 501. S013TH FI.AGLER. DRIVEx, i~ST,PALM, BEACH,,, FLQRIDA,,,,,~3401,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
I I ueds~Msad t~at tIr I.ri~t a~ar tts~rlir tMit Nols. TM I.Md~r vt aeyase who tsices tbis Note by inntfer and who is
~ e~titled w reai~s pry~sts ~~r t~ Nae i~ ailed tw "Nae Ho1d~r."
1r11'i~'
! Ie~ a~sid pri~p;al wW t~a~ td! aatioYat ot princip?1 has boen paid. I~ill pay interat at a
Yearly nue a( ..Q-.125*.*..~. TYs i~Nrwt ni~ 1~ili p~r ~rili c~sa~e ia aooordanoe witb Sectwn 4 of this Note.
T~e irtaest rats ~+~ieri ?q tY~ S~ie~ 2 a~0 Swio~ ~ af tYis Note u tbe rate I w?iil pay both before ac~d after iny
defs~lt deicrib~d i~ S~ot~w 7(f} a~f tY~ Nor. •
` 3, PAYMtNiB
; (A) '1'i¦~e ~¦i !'i~e~ ~t h~~~¦1r
I
` I~ MY P'~~+/~ ~ aM~r~t ~j? a~t'y n~ont~. January
~ 1 wiL e~~s m o~~'aty of s~ month be~inaina o~ .
~ 86 , r~r Mr~~ . • at~d interat snd any other chat~a
19 I wtil! ~b tl~ws ~rstab swry rM~ ~raW I liaarc pa~d a11 of t~e P~~Pv
~ daccib~d below that i siar aNS +~a~i~ t~ Nets. My aoat~iY P~Y~ats writ! ba apQiiod to iaterat bcfose principsl. If,
~ on ....December..~U~,h,.~.......... ~0.1..~..., I Miq o~s s~s~orats ~eida tha I~ot~e. I witl pay thak amounu in iult on that
F
` date, wWd is ail~ tM `a~atri~? ~sM.~ ' .
` . FLAGLER NATIONAL BANK OF THE PALM ~EACHES 501 SOLTH
! I will n~aks ~y mow~ly P'~yawu~ at ................................................................................................r.........................
F ...AK~YF...~&~..P.AJ.~(..B~A~....~'J.QBI~,N.....33.4~11 ar at a different
plsce i! nqnirre~ bp tM Note ~~oldK.
; A¦»rt ~111i~ YY~i 1lirliiif tiy~r~¦M
F Eac6 0! a~y i~ eo~iy Pa~ w?ip bs i~ tbe sauoret o! U.S. 5...610:.22...** This amount may ch~naa
` (C) 11~f~¦~i! frTr¦t C~~
C~~ ~~y ~y p~~t wili t~8~et cM~ in t~e ~npaid ptincipa! of my laan and in tbe interest rate that I
mwt pay. 'f~ Nea Ha~YK ~riU ~twrri~s ay st~r i~ rate and tbe changed smount oi my monthlY WYment in
avoocdaaoe with S~etio~ 1 d tYis NoN. .
1. INfF~EST lA7t AND MOI~'t'~1LY rAY11RM C7~ANCLS
( A ) C1r~ DrM~ 30th
The uter~t paN I~rit! pay i~ty days o~~Ms~ day ot ......December 19 .86.... and on that day
eru~~ 12t~ eno~ty ti~ewt~r. F.aci dw a~ wYc~ uwat rate ao~{d chsn=e ~ cxllod a"Chan~e Date."
(1) 'itie W~ts
9qinaini wit~ t~s Ikst Cinya Du~. aT i~a~t rats Mrilt be based aa sn Iadeu. The "Index" is the vroekly avm~e
yield oe United Stat~s Trasury ~arit~s adjwt~/ to a eorta~t m~?tnrity of 1 yar, as made availablt by thc Fed~era!
Rp~rn Board. 'T'be uw~t reoest i~da iprs arailable a~ of tba d~te 4S dsys befo~e acb Chsn~e Date is call~d ttse
"Currcnt Index."
M~TI~TA'1~ AD~iTJIRE iMTE N~fl~--AiM L!~ FanyY'-fwiM Mw//wY~ IMe I~M~w M~Ii~Mt Fa~~ 33Q2 3/~6
n ~rs:.n+s .~w F«n+., c++e.
..~ua~.n B!~~1(~~ p,~~
for the first twelve (12) months
- ~ ..,r~, ~ ~
~