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RIDER
NOTICE: THE SECURITY 1NSTRUMENT SECURE4 A NOTE WHICH CONTAINS
A PROV1S10N ALLOWING FOR CHANGES IN THB INTEREST RATE. IN•
CREASES IN THE INTERFST RATE WILI. RFSULT IN HIGHER PAYMENTS.
DECREASES IN THE INT T RATE WILL RESULT IN LOWER PAYMENTS.
This Rider is madc this .~~.'. ... day o. ~~~. ....... 19 81 ... and is incorporated into and shall
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tx ucc~ii~~ i0 ni~ili:i`i" dii~ auj;N~cu~cu~ tri2 ~L10~t~dj~C, ~~~ ~i~
ment") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . .. . . . . . . . . . . First Federal Saving~s d~ Loan Association of.Lake Worth. . . . . . . . . . . . . . . . . . . . .
(the "Lender") of the same date (the "Note") and covering the property deuribed in the Security Instrument and
located at . . . . 9400 South .AlA, .Jensen, Beach,, .Florida .3345T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
............. .... ....... .. .... ....•-... . ....
Proptitv Address
Moditicstlons. In addition to the covenants and agreements made in the Security Instrument, Borrower and
Lender further covenant and agree as follows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGFS
The Note has an "tnitial Interest Rate" of ...l4 •~~. .. 9~. The Note intcrest rate may be increased or decreased
on each Change Date, as describcd in the Note. Changes in the interest rate are governed by changes in the "Contract
Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of l.enders" made
available by the Federal Home Loan Bank Board (the "Index"). The interest rate cannot be changed to more than
five. ~rcentage points higher or lower than the lnitial Interest Rate.
If the interest rate changes. the amount of Borrower's tnonthly payments will change as provided in the Note. In-
creases in the interest rate will result in higher payments. Decreases in the interest rate will result in lower payments.
B. LOAN CHARGES
It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges
and that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the
loan would exceed permitted limits. If this is the case, then: (A) any such loan charge shall be reduced by the amount
necessary to reduce the charge to the permitted limit; and (B) any sums already collected trom Borrower which exceed-
ed permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal
owed under the Note or by making a direct payment to Borrower.
C. TRANSFER OF TNF PROPERTY
If there is a transfer of the Property subject to paragraph 17 of the Security Instrument, Lender may require
either an increase in the current Note interest rate or an increase in the Base Index figure, or both, as a condition of
Lender waiving the option to accelerate provided in paragraph 17.
By signing thiS, Borrower agrees to all of the above.
. .~~~~ l•l:ll. . ~•. , . _ . . . _ . . . . . . . (Seal)
Margaret S. Daly -BorroMer
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-Borrower
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1961 MAR 16 PN ~ p4
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ROGER POITRAS
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ADJUSTABIE RATE LOAN RIDER-~ To ~ F~r-tore~-F~MC u~~M wsrRU~NT
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RRM LA217932
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