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RIDER
NOTICE: THE SECURITY INSTRUMBNT SECURFS A NOTE WNICH CONTAINS
A PROVISlON AI.LOWING FOR CHANGES IN THE INTF.RF.ST RATE. IN-
CREASES IN THE INTEREST RATE WILL RFSULT IN HI(;HER PAYMi:N'1`S.
DECRF.ASES IN THE IN'I~T RATB WILL RFSULT IN L.OWER PAYMENTS.
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This Rider is made this.~ . . . . day of/. ~'.-.~:!~ ~~-t. . . . . . . . . 19 82. . . . and is incorporated into and shall
be damed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instru-
ment") of the same date given by the undcrsigned (the "Borrower") to secure Borrower's Note to . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . First Fcderal Sayings dt Loan Association of,Lake Worth. . . . . . . . . . . . . . . . . . . . .
(the "Ltnder',17 N E mI anfair Street~~ Port StngLuc%,~Fiorida3 3452 e Security Instrument and
located at...! ........................................................................................
Pto~¢rip A~'dsESs
Modi(icatioas. In addition to the covenants and agreements made in the Security Instrument. Borrower and
Lender further covenant an~ agree as follows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note has an "Initiai Interest Rate" of .. 1~• 7~. ..~li. The Note interest rate may be increased or decreased
on each Change Date, as described in the Note. Changes in the interest rate are governed by changes in the "Contract
Interest Rate, Purchase of Previously Occupied Homes. Nationai Average for all Major Types of Lenders" made
available by the Federal Home Loan Bank Board (1he "Index"). The interest rate cannot be changed to more than
~~Y~ . percentage points higher or lower than the Initial Interest Rate.
If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. In-
creases in the interest rate will rault in higher payments. Decreases in the interest rate will result in lower payments.
B. LOAN CHARGES
lt 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 loa~ charges collected or to be collected in connection with the
loan would exceed permitted limits. If this is the case, then: (A) any such loa~ charge shall be reduced by the amount
necessary to reduce the charge to the permitted limit; and (B) any sums already collected from 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 THE 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 tndex figure, or both. as a condition of
Lender waiving the option to accelerate provided in paragraph 17.
By sign:ng this. Borrower agrees to alt of the above.
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. . . . . . . . .~~ . . . . . . . . . . . . . . ~s~~
Arjen eyningen, a/k/a -gorrower
Ar e Jan Van He ingen.
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Patri~ia VanH ingen /k/a _~ow~
Patricia Van f~eyning .
l981 HAR 18 A!~ II~ 30
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Const. RRM L~219714
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