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RII)FR
NOTICE: TIiF. Sl~:('URITY INSTRUMENT SECURFti A NOTF: W111(;H (Y)NTAINS
A PROVISION AI.I.OWING FOR CNANGF:S IN THF: INTERE~T RATM. IN-
CREASFS I1V THE INTFRFST RATH: Wll.t. RFSULT IN tll(:IfM:R PAYMENT~.
DFCRE:ASFS IN THE INTERFST RATE Wlt.l. RI~:.SUI.T IN I.OWER PAYMEN7'~.
This Rider is made this ~: .l~~ day of ... M~~;tiAi.l. ..., 19.~1 ... and is inrorporatcd :nto and shall
be deemed to amend and supplrment the Mortgage. Ueed of Trust, or Deed to Secure Debt (the "Security Instru-
ment") ot the same date givcn b>• the undersigned (the "Sorrower" 1 to secure Borrower's Note to . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . First Fetleral Savings & I.oan Association of.Lake.Worth_ _ . . . . . . . . . . . . . . . .
(the "Lender") of the same date (the "Note") and covering.the property drscribed in the 5rcunry Instrument and
5155 Nortt~ State R~ad AlA, Fort Pierce, Florida 33450
located at ..........................................................................................~-
Pru~x~rt,c .idel/r~~
Modific~lions. In additiun to the co~~enants and agreements made in the Security In~trument. f3orrower and
Lrnder further covepant and agree as follows: •
A. INTFRI~ST RATF. AND MOhTN1.Y PAYMENT CHANGk:S
The Note has an "Initial Interest Ra~e" of .~4. 7S0 ...°%o. The Mote imerest rate cna~• be inrreased or decreased
on each Change Date, as describeti in the Note. Changes in the interest rate arc go~~ernrd by changes in the "Contract
Interest Rate, Purchase of Previousiy Occupied Homes, Nat:onal A~~erage tor all ~lajor 'Types of Lenders" made
avaitable by the Federal Home Loan Bank Board (the "Index"). "i he interest rate ~annot bc changed to more than
~~ve, percentage points higher ar low~er than the Initial In~erest Ra[e.
If the interest rate changes. the amount of Borrower's monthly payments wiil change as provided in the Note. In-
creases in the interest rate ~~•ill result in higher payments. Decreases in the interest rate H•ill resuit in low~er payments.
B. LOAN CHARGFS
It could be that the (oan secured by the Security Instrument is subject to a law• ~~•hich sets maximum loan charg:s
and that law is interpreted so that the interest or other loan charges collc~ted or to be collected in connection with the
loan w•ould exceed permitted limits. If this is the case. then: (A) any such loan charge shal) be reduced by the amount
necessary to reduce the charge to the permitted limit; and {Bl any sums already collerted from Borrower which excerd-
ed permitted limits will be refunded to Borrower. Lender may chaose to make this refund by reducing the prin~ipal
owed under the Note or by making a direct ~ayment to Borrower.
C. TRAtiStFR OF Tf~F PItOPERTti'
If there is a transfer ot~ the Property subject to paragraph 17 of the Securitp Instrument, Lender may reyuire
either an incrcase in the current No~e interest rate or an inrrease in the Base Index f~gure. or both, as a condition of
Lender waiving the option to accelerate provideci in parag:aph 17.
By signing this, Borro~~~er agrees to al! of the ab~~e.
~~
. . . . . . ~ .e.~-c:. . . .~.- . . ~~t.~r. . . . . - -(Seal)
Peter D. Donahue' --BorroNer
_ 1~ . . . . . . . . . . _ . ! ". ' . ~. . . . . . . . . . .`.f ~( Sea: )
Margaret M. Donahue -BorroNer
RRM L #215852
ADJUSTABLE RATE lOAN RIDER-i To a FnMUr_toeo-F-~i~: UNIFORM INSTHUMENT
~»x 351 P~~t 1631