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Home My WebLink About0923 . _ 1 ' ~ CrXtAI1t1~,'I'l~~) I'~~,'Y~~~;1~]"1' ~Z~ ~)~~I~ ~ PSL-1572 . ~ ` {1Yilli Inic~~rt ltatc .Ch;~nFcti I:v~~r~= S Y~~;«ti) , ~ _ ~ 'i'iliS OIZAI)U~"I~iii) i~RYIv1i:N7' ItIDlilt i~ madr Ihi~ .lgth..... day ~~f .....a.l.lN~ ~ 19.....~~ und i~ inc~~r~~uratcd i~~~u anil.h:~ll hc dc~n~c~l tu:u}~ci~~i.incl su~~~ilrn~cnt Ihc M~~rI~a~Fr, f)~cd nf'I'ru~l, !)r«1 lu Sccurr !)rist (ihr "Sr~•urily In~trun~rnl") ul~th~ ~ainr ~latr gi~~cn by~ Ihr uii~lrr~itinc~l ~thc "Ifurr~?~vcr"; t~..ccu~c li~~rrc?~ti~cr's : c~,~~cU,,c~s r.,y~.~:~~,; ?~~:3,~ t~ ..........L4GAK..IN.TERA~lTiONAL...I.NY~STME,VT,...I.NC., ~~~Il` ~~Lcnclcr"~ l)f ~~ll' t:lI11C (~il~C ~~~Il` ~~N(1(l,'~~~ ~llll~ l'()Yl'1'lI1E; ~~Il'. propcrty dcscribcd in~lhr Sccurily In~'rumc~il and loc:itcd al: • ~ , ; ...............526,.Gold. Coast ..4ver~ue~..Port..'t.•...Luci.e.;...Florida.....33452.......................................................... ` (Property AdJress) E . ~ . . , , . ~ The Note c~ntains provisions allowiR~ ¢or chang~es in tha i~~terest rate and mon;hly . ~ p?ayments, . . = . . . ?he Borrowe~'s monthly payment will increase by 7~h% each .year during the fi~st five ~ yeors of the Note. The Bor~owKC also may be able to (i:nif morithly payment increQS~s ~ to 71/z% each year du~ing tt~e setond five years of the Note. The remaining monthly paymenfs also could increase ar dec~ease, depending on chnnges in the inte~est rate. ~ The pris~cip~l annount the Borrower must ~epay will be larger than the amount originally } ~ ~ borrowed, but not mofe than i25% of the original amount. _ ~ ~ - ~ - . AI~u1T~o~~t. Co~~t;~~~Tti. In addiiion to the co~~enants and agrcc~ients ntade in Ihe Securit~• lnstrum~~~t, ' Borro~~•er and l.encler further ec?venant and agre~ as foila~~~•s: ~ A. IN7'ERLST RAT~ AND 1iOtiT~iLY PA~'tiikNT CHAi~G~S ~ Thr Note pro~•idcs tor an Initial Ra~e c~f Interes~ of ...1-6.~5••••••••`yo• Seciions 2 thr~ugh 9 of th~ Nate nro~~ide for ch.~ngcs - in thc intcre~t ra~e and the mc,nthly r:~~•ments, as folloH~s: "2. IN7'EREST ~ ~ . . . (A) lsiterest i~x•cd • ~ ~ ~ ~ Interest ~~•ill h~ rharged on lhat part of principal ~~~hich l~as no~ bren paid. lnterest ~+~ill be chasgeci b~ginning on tlie ~ date ,!'this Nc~te and contirzuinF until ~hc full amount ~f princiral has brrn j.aid. . - ~~R~~~~~~~~F date of this ~ote, I~~~ill o~~•e interect at a ~•early ra~e of...16 ..7.5. This rate i~ rall~d thc "l~~itial Rate of lnt~rest.""1'~ ~.~?e uf interest 1~~~ill pa~• ~sill c>>angc in accordance ~sith Srcti~~n (A) af tliis Nutr on tt?~ Iirtit d;i~• of ~............~~l.~Y..~.~ 19..~~... and rn tbat.J:~y e~•er~• 60th ~j~anth thereatlrc_ Each etatc ~rh~rh m~ ratr nf ~ intcr~st could rhan~e is ~alled an "Ir.tere~t Chan~~ Da1e." - . ~ (I3) The Indcx . ~ . - ' - An~• changcs in in~• rate of interest ~~•ill b~ bas~d on cliang~~s in the lndcx. The "[ndcx" it the ~reekl~• .~~•rrag~ ~-i~~;c! un • United Statc~. Treasur~• sccurities acl~usteci to ~ con~taut ne:i~urit~• oC S~•ear;, as ~i~ade a~•ailabli fiy titr I=e~tcral }i~.er~~e {3oard. The mast rcc~n~ly a~~ailahle [ndex fi~ure as «f the d:~1e 45 u~~~'s bc~ure rach Int~rest Char.~~ U.ne is cal!«i thr - •.Current Index." ~ . ' lf the InJex is no longer a+•ailable. Ihe Note 1-iolder ~~~ill chcx~se a nc~~• index ~~hici~ is h.~sr~l u~~un c~~m~~:~ruhlc I informa~i~~n. 7~he Not~ Hi~ld~~ ~~~ill gi~e me n~tice i~tthis choice. . ' (C) Intcrest AI'tcr Dcfault - - . ~ ' The rate of inter~~1 requircd'o~• this Section ? and Sectiun 4(A) belc~~r is the ra.e I~~~ill r:i~• i~oth beti~rr :~nd afcer an~- I de.fault d~s~rit~rd in Srcti~n 12 (!3) bel~~~~•-- ~ ~ ' ~ 3. 7'1\ll: A\D Yt.r1CE 01= P.11'\;E\TS ~ ~ ~ 1~~•ill t~:,~~ r~~~~~~,al and inltrest b}' making ~a~•mentti ev~rj~ m~~nth. M~~ manth.l~• ra~•m~nls ~cill he a~,~,lii~l tu intrre~t ; ~ro<< ~~~~?~~~:,i. ~ . . . 1~ril! m:~kr m~' monthly r:i~~mc~zt, u~~ tiie lir.t da~~ uf cach rnotttl~ tkginnin~ ~n ......A4J9.t1~~,..~.~ 1'~$2..... i 1~~•ill makc theie r:~~'mcuis e~-rr~~ mon~h until 1 ha~-e raid all thr princira) and interc~t and an~~ ethrr char~;~..1c•.~rih~el ' hclu~~• lh:ii 1 m:?~• u~~-e u~~drr ~his Nut~. lf, on .....:...4.U~Y.,~.s ?0.:~~..., t,til) u~~•~ amuunt. tm~irr thi> N~~IC. 1 . -~~~ill r:i~• th~rr:~mnu~n. in fuU rn ti~at Jatc. w hi~li ic ~altr•3 tl~e "n~aturitv Jatc." _ . _ . , ~ ~~~~°~enger'~~au~,r~.r.'~`:"~~',"~~~~~~~~~~~~a..~~'~~bN~nT.,.....z~~~~. ; ~ ar at a difTrrc~u rla~c if reyuircJ t,~~ ~h~ Natr 14i~ldzr. . 4. i~~'Ll. 1':~l'i11:\T A~IOt~\T . ~ l:U C alcul,{?io~~ of t'ull 1'a~ mcnt :1m~~uut ~ . i::<<h ~?i m}- tirst !'0 nu~nti~!}• ~~.~cm~n~: c~~ul~i he ir.~ than a)~ull 1':~~mrn1 Ain~?un~. A"F'ul! 1';i}m~nt :\i»rur.t" i: _ ~ ttic ~iu~ntlily :iinrw:t .utli~irnl I~j rr~.i~ thr :~m.~unt 1~~ri,~in:~ll~~ tx~rru~i~r.1. ~~r thc un~~:~i~i inri~,al h:iL~nrr ~~C i~~~~ I~•.i~~ a. ~,I - ~ an Intrirst Ch;u~s;c I):+tc. gn t'ul! ~~u th~ nialurih d:~tr at the ralr ~~f interr4t 1 am rryuirrJ ~,ac h~- 5c: ti~,n ':ih~»~ .,r Ihi. ' ~ ~c:tion (r1) iu .uh.t:+nli:sll}• c~~ual ~~a~mrnt.. li~•~;innin~; „n ~hc ~t:~lc uf tl~i: ,Vutr. ni~• Iir.l I~ull Y:i~uunt :~uwu:~t ~~ill hr I l~.ti. S....5~5.5~ unlil Il~e tir~l Intcrc~t Clc?n~t~ 1)at~. `1~' lir~1 [=ull I':n'm~nl :\i:~~nn~l ~~i11 h~• la~~~r Ih:in i:i.•h ~,f ni~ tirst (+l1 ni~~nthl~• pa~~n~~iel.. li~~fi,rr.~.ech 1c:tcrc~l C'li_~n~c 1).~tr. thr 1`~~tc Ilrl~lcr ~sil) ~t,Irrtninr:~ ii~+~• l~ull 1':i~~nrnl Am~~un1 li,c n~~~ I~~:~n. "I'hr { N~?sr 1!r!.fer ~~ill lirst c_:~IcuL~tr m;~ ~:~ti~- r:~~: ~~1~ int~r~~t t~c a~}~1i~~~; .Z~]...Q...... ~~rrrriu:~~;r ~~~~in1~ (2..7.7d.......''~ Ih~ ~ ('urrrnt ln~ir~. 'll~r ~Ic~tr ! 1a1~1rr ~~~ili thrn ruwid thc rr+uU ~~I~ Ihi~ :~~i~liti~~i? Ic~ Ihr nr:~rr.t ~?nr•r~~;hih ~,t c~nr ~~•~~rnl;itic ~ - ~k,int (11.I~S'':•). ~1hi. ~~~un.1rJ am~~uul «ill Ik ~n)' nr~c ~:Ur ~~I i~~lrr~,l iinli) ~I~r ~~r~1 Intrrr.l L'ha~i?.• I).itr. I'hr ~Jul~ ~ - 11~~IJ.i ~sil) thr~~ ~al.•ula~c lh~ nc~~• ai»runl ~~f.~ nu,niiil~ ~r,i}~nrnt ~h:il ~~~~ul~l !,r ~u1li:irnl.(u rr~~:~)• n~~ ~ni~~:~i~l ~~rin:i~~.+l : ~ ' r~~ B~ 378 ~ ~ GRADUATEU PAYPV~ENT P,IDER - Alon 6 GPARM--S~nplo iom~ty-~1 ~e?~- ~NMA ~~ni(orm In~t~umont f ' ' ~ a,.~-_.--a-.:~_...~r _ ~r- ' _ - a _.z.'. " . . . . . Y.~r~s s ..si_ - ....>x._._,r•aa-::-3.~i'._ _ . _ " _ .