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R1DER
NOTICF.: THF: SF:('l,'RITl' IhSTRUMF NT SF.C:URFti A tiOTF: WHICH ('OVTAINS
A PROV1S10\ Al.1.OWING tOR CHA!~GHti IN THl: INTF:Rt:,ti7' RATF. IN-
(:REA~ES 1\ THF: INTFREST RATE Wll.t. R~SUI.T IN HI(;NER PA1'MENTti.
I)F.CREASFS 1N THF. INTF:Rl~ST RATE: Wlt.l. RFtiI'l.T 1\ I.OV1'F:R P4YMt~:!VT~.
This Rider is made this . ~~L"day of .!! ~~'~-C!1l. , , , , , , _ . , ~q81_ _ , , and is incor~rated into and shall
be deemed to amend and tiupplement the tilortgage, Deed of Trust, or Deed to Secure Dcbt (the "Security In~tru-
ment") of the same date gircn b~~ the undersigned (the "Borrcwer"! to sccure Borrow~er'ti Nate to . . . . . . . . . . . . . . . . .
First Fecleral,Savings.& Loan Association of.Lake.Worth_ .
(the "Lender") of the same date Ithe "Note") and rovering the properry dc~crihcd in the ~rrunty tn~trument and
located at ... 5355 _ State Road_ AlA,. Fort. Pierce, Florida _, 33450
............ ..... ...
Pn:~av~~ •Irl~l~vc~
Modificalions. In additio~ ro the co~~enants and agrecmcntt made in ~hc Srcur:t~~ Intitrument, E3c~rrov-•er and
Lender further covenant and agree as follo~v~:
A. INTFRFST RATE: A:VD MOtiTN1.Y PA1'MEVT CHANGF:S
The Note has an "Ini~iat Interest Ratc" of .. 14.. 750, _ bo. The Nate interest rate ma~ be increased or decreased
on each thange Date, as described in the Note. Changes in the interest rate are governed by chaugeS in the "Contract
Interest Rate, Purchase of Pre~~iously nccupied Nomes, National Average for all ~laior T~~pe~ of Lenders" made
available by the Federal Home l_oan Bank Board (the "Index"). The interest ratc ~annot be changed to more than
~i~ie . percentage points higher or louer than the Initial intcrest Rate.
1( the interest rate change., the amount of Sorrower's monthly payments w~ll change as pro~ided in the Note. In-
creases in the interest rate ~rill resi~lt in higher payments. Decreases in the interest rate w~ill result :n low~er payments.
B. I:OA~ CHARGES
It could be that the loan secured by the Securit~~ Instrurr.ent is subject to a law ~~hirh se[s maximum loan charges
and that law is interoreted so that the interett or other loan chareet collected or to be collected in connection with the
loan would erceed permi!ted limits. If this i; the rase, then: (A) am~ such loan charge shall be reduced by the amount
necessary to reduce the rharge to [he ~ermitted limit; and (B) an}~ sum~ alrcad~~ collected from I3orro~er H•hich exceed-
ed perm:tted lim~ts w•ill be refunded to Borrower. Lender may choose to make this refund b~- reducing the prinripal
o~ed under the Note or b~~ making a direct pay~ment to Borrower.
C. TRAtiSFF:R OF THE PROPF:RTt'
11 there is a tranti(er of thr Prc~E~ert~~ subject to paragra~h 17 ot the Serurit~ Inurument, Lender ma}~ reQuire
either an increase in the ~u.rrnt N~~te interetit rate or an increasx in the Ba~r Inde~ figurr, or both, a, a condition of
Lender H•ai~ing the option to arcclerate pro~ided in paragraph 17.
B~~ signin~ thi;, Bil~~llK'Cf agree~ to all of the abo~e.
~ . . °"'i. . . . . . . . . . . . . . . . . (Seal)
Albert R. Adalns -BorruMrr
-,
p ' ' 1
. . . . /('l': .~ .4 .~ . ~/.~~.~~~~-J . . - (SCa~)
Ruth M. Ada,'ns -~rrowcr
AQJUSTABIE RATE LOAN RIDER -~ SO G fAMttY-tOBJ-FNi AC UNIiORM !NS~RUMFNT Rxr~ L#21 ~~aE
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