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' ` ~ . ~ .:GRAUU~,'I'ED' p~A~~1`~I~'Y`~ RIb~'~2~ .
. ~ ' (With Interest Ratr Changes C~~ery 5~'ears)
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' TNIS GftADUATCU I'A1'M~VT RI[~ER is made this 16th Uay of Jurie ~
19 8 2 , anJ is in~or~ratcd intc~ :~nJ ~h~ll be dremed ~o amrnd and supplement ~ht Mo~tgagt, Dced of Tr~st~ or Deed to
Securc Drbt (~he "~ccurity tnstruniei~~") c~f Ihc sarnt date gi~~tn by the undtrcigncd (the "Borrower") to secU~e t3urrower's
Gradu;~~ed f'ayntrnt Notr ~o CIRCLE MORTGAGE CORPORATION ' . - ~
(th~ "Lendrr"j ni~the ~ame date (thc "Nole") and covt~ing t~e
. ~ rroperty ~lescribec! in Ihe Srrnritj• 1nslriime~t :Ift(~ ~IA:.11C(I 1f: ' '
1934 S~.~E. Oxmoor Terrace, Port St. Lucie, F].orida 33452 .
' • (f'rope~ty Address)
~ The No~e cantair~s provisions a(lowing for changes in the inleresf rate and monfhly ;
poyments. ,
The Botrower's monthly payment will increose by 7~1z% eoch year durin~ the firsl fiv~
yevrs of the Note. The 6orrower also may be able to limit monthl~? payment increnses ~
to 7~/za/o ~ach year during the second five years of the Ntrte. Th$ remaining monthly
payments also tould increase or decrease, depending an chonges in ihe inferest ~afe.
1'he princ+pal amount the 6orrower must repay will be larger than the omavnT originally
, borrowed, but not mote than 1Z5°1o of the original amounf. .
' Auu1T1o~.~t. Cu~~F:~A~T`. ln additic~n t~~ thc ru~~enantti a~id :~gr«m~ntti madr in the Secisriry h»~rument,
I3urroHrr and l.e_nder fu~~hcr cuvcnaat :uiJ agrrc a~ l'ullu~~~.: -
A. INTEREST RA~'E A1U ~lU`TN1.Y P,1Y~fi:\T Cf{A'~GE;S
The Notr provides fv~ aa li?itial Rate of lntere.t~~?f 15 . 750 ~'r. S~~Iion~ 21h~a~tgh 9 of 1ht Nott provide fot changes ~
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in tht inlrrcct rate aiid thc manthly ~r~ymenls, Culla~~~: ~
`•2. iti'T~:REST , ~ .
(A) Intrrest ONCd
- 1nlcrr,t ~~~i1t be rhargreJ un Ihat p.~~? or~~~„~~ral ~~~hich l~ati nut been ~aiJ. lntrrest K•i~l be charged besinningon tht
~ dale of ~hi. l~'otr ancl runtinuing u~~~il th~ full amu~~~i of ~tinti~+al hax brcn pKid. • -
13rbinning on thc dale af this Ni~t~. I~viU u~~r ir:t~rrtit at a y~arly rate uf~5 . 750'`rc. This rate is c~lled Ihe "InNial
}t.itr of Intcr~,t." Thr ratr uf ini~rr.t 1 w•itl ~ri~• ~ti~~ll rhanFr in ,~~cotd:u~rc ~~~ith Sr~tiu~~ 4(A) ~f this Note on the first day of t
July 1 , I'~ 87 an~ on lhat d:?)• c?ery 6Uih moiith therrafter. Earh d:~te on which nzy rate of
i+~trrrst could ch~ng~ i~ ralkd ai~ "tulrrrst Changr Ua~c."
- (li) Thc Indrx . .
A~?y rh:u~gcs in m~ rate uf intrrr.t ~.ill br h:~~cd cm ~hang~~ in Ih~ I~id<<. The "Indrx" iti the ~~~e~:kly a~'eragt )'ield on
llnitcd Sta~r. Trca~ur~- .rcuritie~ adju.tcd ~i~ .~;n.tant ma~uri~~~ of S~~ear., a~ m:ide a~•ailablr by lhe Fede:al Rrsrrve
liu:~rd. l~h~ mc~,t recrntly ~vailabl~ lnelr~ fitiurr a• ai' ~he el:,tc 45 da~. h~fure earh Inter~.+l Chanbe Date is called the k
~
..Currcn~ Inde~." ~ i
;f Ihc li~dr~ i~ nu lon~;rr a?~~lahlr. Ih~ '~~~IC fl~~ldrr ~•i!1 clii+ct.r a nr~~ incl<< «~hirh i~'ba~ed u~n contp:~rable ~
i?i~c~rmatiun. l h~ Nt~~r I IoWrr ~~ill ~i~~r n;r n~~Ii~c i,f thi~ ~h~nir . ~
' (E;1 lntcrest Aftcr Dcf:?ult ~ ~
Thr rat~ of inirr~.i rryuircd h~ ~hi. Sr~i~uu ? an~ Sr.iiu~~~~i (A) belc~~~ i~ thr rat~ I~?•il) bo~h hzfore and aft~r an~~ ~
dtfaul~ dr,rrib~:d in Se~~iun 12 (13) hrlcn?~. -
- 3. 'Tl~l~: At~U PI.ACE UF F'A1'~fEtiTS ~
~ 1~vill rrincipal anJ inlrr~,t b~ making ~:~~mrntti r~cry mcmth. i~1y mrn~hl~~ ~?::ymrni. «~ill b~ 3pplied t~~ inttrcxt
h~fcirr ~rinrip:?I.
1~+-ill make my monthly ha~~mcnts on thr fir.t da}' ofearh munlh beginning ~in AugUSt 1~' . 19$2
, I will m~S.r Ihr.c raymrnta e~'cry mon(h tm~il I h:~?~ ~u ~r~~ prin~ipal and intrr~st ancl any othrr cha:ges dr.critsed
bcluK- ~h:~1 1 may owr undrr Ilii~ Nc?t~. IC, on Ju1y 1 . 20 12 . 1 s1i11 u«~e ainounls under lhis Nult. 1
w~~l! rsy tho~e amounls in full on tfiat dat~: H~hi~h i~ r~lled ihz "m:~luril?• d:~te." .
1~-ill makc my monihly ra}~mznt. a~ CIRCLE MORTGAGE CORPORATION, 6600 Taft Street
Hollywood, F].orida 33424
~ or at a di(Trrznl place if rcyuirrd b~~ ~hc Nrnr H~~IJr~. ' -
- 4_ FUl.L PAYti1}:\T A,~tOU\T .
(A) ~plculation of Full P•r~•mcnt Amc~unt .
Each of my firs~ 120 mnn~hly ~aym:nh ~ould hc lc~. ~han a Full j'aymcn~ Amat~nt. A"FuEI Naymcnt Am~~unt" ir . _
thc monthl am~iunl ~u~~irrN It~ r~ J (~1C J11111UI11 I Ufl inall • bi~rr~wtd, or 11~r un~aid rinci ~I balanct of m• la:~n ac uf . t~-
Y P' Y F } , P f'~ ) f
_ an lnteres~ Changc Ua~r, in fui3 on thc ma~uri~y daic a~ th~ ratc otinlrrest 1 am rcquired tn ray b~~ S~ction 2 at?~i~•e or this
I~:
Seclion 4(A) in ~u6.tan~ially rqu~i p;~ymrnts. 13rF~nning ~,n ~he. d~ee ~~f thi. ho~~: my firsl T~ull !'a_y'mcm A~~a~ni H~ill b: i
j U.S. S 506 .16 _ unlii thr ~ir.~ In:~re~~ Changr Date. I'.9~- lir.t Full Pa~•ment ~lmaunl w•i!I b~ I~tgrr ~
1
~I than ca~h ~if my fir~t 6G mantnly r~~•me~ux. . ~ ~
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Bcfure r:,rh tntcrr~~ Chat~gr Dric, thc N~~t~ H~?IJrr w~ill dr~ermine a ~~eN~ Full p•r~~mrn~ Am~~unt for ntip laan. Thc
Ncite N~1dcr K•i!i fir.t calrut~~r tr~y nrw~ r.~te of intcrr~t by addii~g 2.77A perrrn~agr ~x~ini. ( 2. 770 `~'~3 ~o the -
; Currtnt Indr~. The Nute Hntdcr w~i1f then round thc rrsul~ oP ~his addilion tu thr nea~e31 one-righlh of one ~r«ntag4
; }~oiu~ (0.l25~~). 1't?i. munJ~d ;~mount ~•il) t~e my ncw ratt ~f inlerrsl until tht nrxt ln~trr.t Ch~ngt Dat T z i~ote
! }luld~r w•ilt lh~~~ catculat~ th~ s?rK• ~muus~~ of a munthfy p~~n~~ent ih~t w•auid be sufT~i~irnl 1~ unp~rinripal
i~ OR ~i 7(?~'.;`J ~ CO' !~T f~~t~ GA ANTY
. e~OK~ f~ P16~ 9~~ r~ ~4~s~~i. ~~~c. . _
I ~ - ~;r;°r, :;;t-i C:~i~~~~; ~Jlif 400
i GRAOUATE~ ~AYMENT R1DFR - Plan b GPARM-Si~flle fem~lr•~/82-FNMA Uniform~T,rtitl,r;~!rythi; -
- . ~i~.;. ftc}AIQA 3302~