INTHECIRCUITCOI.

IRToFTHEFIFTEENTHJT]DICIALCIRCUIT
IN AND FOR PALM BEACH COUNTY, FLORTDA
CIVILACTION
GMAC B ASSET MANAGEMENT CORPORATION'
Plaintiff'
cAsE NO. 50-2008-cA-005144
DTVISION AW
vs.

FELIX B. COLLADO ' et al,

Defendant(s)'

NOTICE OF FILTNG
of Filing of originalNote'
plaintiff, GMAC B ASSET MANAGEMENT CORpoRATloN, gives Notice

of the foregoing has been tumished by the U'S Mail

this
I HEREBY CERTIFY tiiat a true and conect copy

A day olJrme;2008, to all parties on the attached

service list'

5rl,.r
d Florida Default Law GrouP' P'L' a
P'O' Box 25018
Tampa, Florida 33622-5018
r
lrl
(813) 2sl:4756 O

By:
Brianna Finch
Florida Bar No' 37467
Brian Hummel
Florida Bar No. 46162
Galina BoYtchev
Florida Bar No. 47008

DOC lD. M003100

FILE NUMBER: F08011034

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4674952A57
Col I ado, Fel i x

,ADJUSrnryl-e RArE NorE 0b0 la1l(>o

Gaps Accrued lnterest Onlv for
(LIBOR Six-Month lndex (As Published.'"
Hrt-y1gr:"rt:rt!1i""I)-Rate
THISNoTECoNTAINSPRoVIsIoNsALLoWINGFoRCHANGESINMYINTERESTRATEANDMY
MY INTEFEsT RATE cAN cHANGE AT ANY
MoNTHLv PAYMENT. rnts Hore LlMlTs iHi er,rour'rT
Orle rrrtle AND THE MAXIMUM RATE I MUST PAY' /
Apri 1 29, 2005
/ ws l^lest Pal m Beach FL
[state]
lDatel tcityl
901 Harbour Pointe l,JaY
West Palm Beach' FL 33413
IPropertY Address]

1, BORROWER'S PROMISE TO PAY

169 100 ' 00 (this amount is called
ln return for a loan that I have received, I promise to pay U'S'$ '
,,principat,,), ptus intereJ, to the order of Lender. Lender Qut
is Cken LoanS ]nC .

in the form of
a Michigan corporation. lwill make all payments underthis Note
cash, check or moneY order.
lunderstandthatLendermaytransferthisNote'LenderoranyonewhotakesthisNotebytransferand
the "Note Holder'"
who is entitled to receive payments under this Note is called

2. INTEREST
amount of Principal has been paid' I will
pay
lnterest will be charged on unpaid principal until the full lwill in
7 .I25 %. The interest rate pay may change
interest for the first 120 months at a yearly rate of
accordance with Section 4 of this Nole'
4 of this Note is the rate I will pay both before and
The interest rate required by this section 2 and Section
after any default described in Section 7(B) of this Note'

3. PAYMENTS
(A) Time and Place of PaYments
I will pay a monthly payment of accrued interest only
for the first I20 months of this loan by making
a payment each month. Beginning with the I2I month' I will pay principal and interest by making a

payment every month thereafter.

I will make my monthly payments on the 1st day^o-f each month beginning on
June 1, 2005
lwillmakethesepaymentseverymonthuntillhavepaidalloftheprincipalandjnlerestandanyother
Each monthly payment will be applied as of its
charges described below that I may owe under this Note. l'4ay 1 ' 2035
Principal' lf, on ' I still
scheduled due date and will be applied to inteiest before the "Maturity Date'"
-doiin full on that date, which is called
owe amounts under this Note, I will pay those-amounts
MI
I wi1 makerr;;i;,'y;il;; ;i p,o. ss0483, Livonia. 48153-0483
or at a different place if required by the Note Holder'
(B) Amount of My lnitial Monthly Payments
1 004 ' 03 . This amount maY
Each of my initial monthly payments wiil Ue in the amount of U.S.$ ,
change.
(C) MonthlY PaYment Changes
unpaid principal of my loan and in the interest
Changes in my monthly payment will reflect changes in the
rate and the changed amount of my monthly
rate that I must pay. The Note notder will determine my n"n" interesl
payment in accordance with Section 4 of this Note'

4. INTEREST RATE AND MONTHLY PAYMENT CHANGES

(A) Change Dates
The interest rate I will pay may change on the 1st
day of May 2010
' and on that
my interest rate could change is called a "change Date"'
day every 6th month thereaftei. dach date on which

2003/06 iomnfll.Pcl
pase1., 4 lll lllryLlj[llruill|llillllllll
s84470721
 (B) The lndex
Beginning with the first Change Date, my interest rate will be based on an
lndex, The "lndex" is the
rates for six -.onth U.S. dollar-denominated deposits in the London market
average of interbank offered
available as of the first business
(,LlBdR'), as published in The Wall Street --.rna,. The most recent lndex figure
the Change Date occurs is called the "Current
day of the month immediately preceding the month in which
lndex.'
lf the lndex is no longer available, the Note Holder will choose a new index that is based upon
comparable information. The Note Holder will give me notice of this choice.
(C) Calculation of Changes
the Note Holder will calculate my new interesl rate by adding Two and One-Quarter
Before each Change - Oate,
percentage points ( 2.25A%) to the Current lndex. The Note Holder will then
percentage point (0'12570)' Subject to the limits
round the resull of this addition to the nearest one-eighth of one
stated in Section 4(D) below, this rounded amount wili be my new interest rate until the next Change Date'
The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay
the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest
the new amount of my monthlv pavment-
rate in substantially equal payments. The result of this calculation will be
(D) Limits on lnterest Rate Changes
The interest rate I am required to pay at the first Change Date will not be greater than
12.I25 % or
be increased or decreased on any single Change
less than 2.250 %. - Thereaiter, my interest rate will never
p"L-uv ,"r" tnurr0ne anO- frf o f nouiandths- - percentage point(s) ( I. 000 %) from the rate of interest I

have been paying tor tneirJceoi"g 5i x months. My inteiest rate wiil never be greaterthan 72 'I25 %'
(E) Effective Date of Changes
il,,ty n"w interest rate will become effective on each Change Date' I
will pay the amount of my new
after the Change Date until the amount of my
monthly paymenr beginning on the firs1 monthly payment date
monthly payment changes again.
(F) Notice of Changes
rate and the amount of
The Nole Holder will deliver or mail to me a notice of any changes in my interest
The notice will include information required by law
my monthly payment before the effective date of any change.
title and telephone nlmber of a person who will answer any question I may have
to be given to me and also the
regarding the notice.

5. BORROWER S RIGHT TO PREPAY

payment of Principal
I have the right to make payments of Principal at any time before they are due. A
,'prepayment."'wien I make a prepayment, I will tellthe Note Holder in writing that I am doing
only is known as a
all the monthly payments due under this
so. I may not designate a payment as a Prepayment lf I have not made
Note.
I may make a full Prepayment or partial Prepayments without paying any Prepayment charge. The Note
the Note
Holder will uie my Prepayments-to reduce the amount of Principal that I owe under this Note' However,
Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount before applying
my prepayment'to ieduce ine Principal amount of this Note. lf I make a partial Prepayment, there will be no
in tne Oue dates of my monthly payments unless the Note Holder agrees in writing to those changes'
lf
the amount
the pirtial prepayment is made during tire period when my monthly payments consist only of inlerest,
"hung",
the term when my payments consist only of interest, lf
of the monthly payment will decrease for the remainder of
prepayment is made during the period when my payments consist of principal and interest, my partial
the partial
prepayment may reduce the amount of my monthly payments after the first Change Date following my partial
prepayment. However, any reduction due to my partial Prepayment may be offset by an interest rate increase'

6. LOAN CHARGES
so that the
lf a law, which applies to this loan and which sets maximum loan charges, is finally interpreted
with this loan exceed the permitted limits'
interest or other loan chaiges collected or to be collected in connection
be reduced by the amount necessary to reduce the charge to the permitted
then: (a) any such loan ch-arge shall
to me' The Note
timit; and (b) any sums alreaiy collected from me t-hat exceeded permitted limits will be refunded
Holder may choose to make this refund by reducing the Principal I owe under this Note or by making a direct
payment to me. lf a refund reduces Principal, the reduction will be treated as a partial Prepayment.

2003/06 iomnfl2.pcl Page 2 ol 4

7. BORROWERS FAILURE TO PAY AS REQUIRED
or any monthry pavment bv the end,or Fi rteen
li,l.':ffi,i:i-1Tfi:;il::""JftH"fftil'fii.,ount
pay rnutg" to the Note Holoer' The amount of the charge
will be
calendar days after the date it is due, I will "l"G first I20 months and of the principal and
the
5.000% of my overdue payment of inrer.:st during on each late payment'
promptly but only once
interest thereafier, I will fay this latscharge
on the date it is due, r wi, be in default.
frl,JJi:iXry rhe fu, amount of each monthry payment
me thal ir I do not pav the overdue
lii#1f:"?:ff1i:"*"" Hotder may send me a wrirten notice tellins
ruqri* to pay immediaGly the full amo^unt of Principal that
amount by a certain date, the Note Holder ruv
me
after the date
tirat amount. That date musi be at least 30 days
hasnot been paid and all ihe interest that I owe on
on*ni.nthenoticeismailedtomeordeliveredbyothermeans'
pav.immediaterv in rurr as
9J"l?:i]il:'-il::: lllli'o"rr", the Note Horder does nor require me to
at a later time'
still have the right to do so if I am in defaull
described above, the Note Holder will
(E) Payment of Note Holder's Costs and Expenses the Note Holder will
lf the Note Holder has required r"
to puv irrroirt.rv in full as described above,
have the right to o" prii uu"t by me for att ot
iti costs and expenses in enforcing this Note 1o the extent not
prohibited by applicable ff'ot" expenses include, for example, reasonable attorneys' fees'
[*.
8' GlvlNGror must be given to me under this Note
HJi:ffi taw requires a different method, any notice that
willbegivenbydeliveringitorbymailingitoynrstclassmailto'meatthePropertyAddressaboveorata
my different address.
Jineieni"ooress if I give tie Note Holder a notice of given to the Note Holder
any notice that must be
unless the Note Holder requires a difrerenr method,
class mail to the Note Holder at the address stated in Section 3
under this Note will be given by mailing it Uy nist address.
that different
tniru""" or at a differe-"nt addiess if I im given a notice of

NOTE
9. OBLIGATTONS OF PERSONS UNDER THIS
fully and personally obligated to keep all of the
lf more than one person signs this ruo|", .a.n person is guarantor'
pay the full amount owed. Any person who is a
promises made in this Noie, including tne promise to who over these obligations'
surety or endorser of this Note is also obligatei to Oo
in"'" tningt' Any person tak-es

the obligations of a guarantor, ,rr"iy oi oi tnit irlote, is also obligated to keep all of the
including "ndorser
promises made in tnis ttote. in" Not" noljJr may enforce
its-rights under this Note against each person
any one of us may be required to pay of the amounts
all
individually or against all of us together. This means t'hat
owed under this Note.

10' wAlvERsany
the rights of Presentment and Notice of
other person who has obligations under this Note waive 'Notice
the Note Holder to demand payment of amounts due'
Dishonor. 'presentment,, means the right to t"qrit" that amounts due have not
to give notice to other persons
of Dishonor" means the right to require the Note Holder
been paid.

11. UNIFORM SECURED NOTE

some jurisdictions' ln addition to the
This Note is a uniform instrument with limited variations in or security Deed (the "security
protections given the Note Holder under this Note, a Mortgage, Deed of Trust'
to if
ptotu"t" tne frote Holder from possible losses thal might result
I

lnstrument,,), dated the same date as this Note,

donotkeepthepromisesthatlmakeinthisNote'ThatSecuritylnstrumentdescribeshowandunderwhat
conditions I may be required to make immeOiate
pa'ment in full oi all amounts I owe under this Note' Some of
those conditions read as follows;
Transferottneprop"rtvoraBeneficiallnterestinBorrower.AsusedinthisSectionls,,'lnterestin
theProperty"meansanylegaloro"ntntittlnterestintheProperty,including.'but.notlimitedto'
for deed, installment sales contract
those beneficial interests transferred in a bond for deed, contract
by Borrower at a future date to a
or escrow agreement, the intent of wh'lch is the transfer of title
Purchaser'

2003/06 lomnfl3.Pcl Page 3 of 4

 (or if
lf all or any part of the Property or any lnterest in the Property is sold or transferred
withoul
Borrower is not a, naiurat person and a beneficial interest in Borrower is sold or transferred)
prior wiitten consent, Lender may require immediate payment in full of all sums secured by
Lender's
this security lnstrument. However, this option shall not be exercised..by !.g!d:t if.such exercise
is

prohibited by Applicable Law. Lende,r a,lio shall not exercise.this option if: (a) Borrower causes to
transferee as if a
be submitted to Lender information required by Lender to evaluate the intended
were being made to the transferee; and (b) Lender reasonably determines that Lender's
new loan
security will not be irirpaired by the loan assumption and that the risk of a breach of any covenant or
agreement in this Security lnstrument is acceptable to Lender'
To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a
transferee to sign
condition to Lender's consent to the loan assumption. Lender also may require the
the transferee to keep all
an assumption agreement that is acceptable to Lender and that obligates
ugr""r"nts made in the Note and in this Security lnstrument' Borrower will
the promises uni
continue to be oblig-ated under the Note and this Security lnstrument unless Lender releases
Borrower in writing'
Lender exercises the option to require immediate payment in full' Lender shall
give
lf from the
provide a period of not less than 30 days
Borrower notice of acceleration. The notice shall
given in with Section 15 within which Borrower must pay all sums
date the notice is accordance
secured by this SeJurity lnstrument. lf Borrower fails to pay these sums prior to the expiration of
this
period, Lender may invoke any remedies permitted by this Security lnstrument without further notice
or demand on Borrower'

12. DOCUMENTARYTAX
indebtedness'
The state documentary tax due on this note ahs been paid on the mortgage securing this

E?y "r:rhe 0rcrer of

WITNESS THE HAND(S)AND SEAL(S) OF THE UNDERSIGNED

Felix

x,E5,",ymE%?,r#u*
PAY TO'FHE ORDER OF

WITHOUT RECOURSE,

2003/06 iomnfl4.pcl Page 4 of 4

 PAYTOT}IE Oii.EER OF
GilIAOB Aset Management Corp,

D. Chiodo
Limited Signing Officer
GMAC Bank

-ffi -/-,
,//-./:
-/s'.r-

#^#ffmt**t*""
OF
PFr'/ l'D ThlE CRSER
 Service List

FELIXB. COLLADO
4845 Alberta Avenue
West Palm Bch, FL 33417-2930

ZOBEIDA ANA COLLADO

4845 Alberta Avenue
WestPalm Bch, FL 33417-2930

HARBOURPOINTEATRIVERBRIDGECONDOMINIUMASSoCIATION,INc.
c/o Scott A. Stoloff, Esq.
Dicker, Krivok & Stoloff
1818 Australian Avenue South
Suite 400
West Palm Beach, FL 33409