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RIDER
NOTI('E:: TNF: SF.C'URITY INSTRUMENT SFCUitt:.ti A NOTt: V1'tll('H ('ON7'AINS
A PRUVISIO\ AI.I.OWING FOR CHANGE:.~ 1!~ TIiE IN'fM:Rt:ti7~ NATH:. In-
CREASF:S Iti TNE: 1'VTF:RFST RATE W1I.L RE~UI.T IN HI(;HEIt PAl'MF:NTS.
DECRE:ASFti 1\ THE ~NT ' FtiT RATE Wlt.l. RF~l1l.7~ 1!~ I.OV1'EN PAl'MF:\7'~.
1'hi+ Rider is madc this . 7. . . . . day ~~~"'. . . . . . . . . , 19 81. . . , and ~ti incorporatcd intu and shal)
~ a~_~_.a . ._~__.a -~ --'l l ~-----. .y~_ t ,~_~_ ~ _ a `,~ ~ . c.._.._.. ~~ -,. _ ` ••~tCtiflt} ~fiStii:-
a u~C~ii~u il'i uiii~iiU aliiU iii'i'li~iii~iii i~ C~ii3j~ ai •• iii~~i ~~ TTlilt~ l)T ~~L.i~i ili .)~~,uil 1 ii.t ti~l
ment") oi thr `amc date gi~en b~• th~ undersigned (the "Borrov-er"1 ta ~ecure Barro~er'~ Note t~~ . . . . . . . . . . . . . . . .
._.. First Federal Savings. & Loan Association of Lake Worth
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(the "l.ender" of the ~amr date (the "Note") and co~ering the pro~rty descritxd in thr Seruri~~ Im~rumen! and
located at .. 9~00 South AlA, Jensen Beach, Flori3a 33457
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('r~~~,rrl ~ Addit't+
Modifications. In addition to the ro~•enant~ and agr.ement~ madr in th~ ~crunt~• inurument, k3orrower and
Lender further covenant and agree a~ fotloH~t:
A. 11TERFST RATE A1D M01THI.Y PA1'MFtiT CHAtiGES
The Note hai an "Init~al Inteiest Ratc" uf ...,14. 75, . o,Q_ The Note intereit rate ma~~ bc ~nrreased or decreased
on each Char.ge Date, as described in the ~iotr. Changrs in the intere~t rate are gorerned t*}~ ehanges in the "Contract
~lIICFCSI Rate, Psscha~: of Pse~~:n::s!}~ ()~c::p:.L Hom,~, '~ats~na! Ati•c~a~c i~cr atl ;~iajor T}-pc~ ~~f L~ndrr;" u~adr
a~~ailable b~• the Federal Nome Loan Bank Board (thr "Indrx"1. The interest ra~c rann~~t bc changed to more than
~~Y~. percentage ~ints higher or lo~rr than the Initial Intrrest Ratr.
If the interest rate changes, the amount of Borrou~er's monthl~ pa}•ments will change as provided in tt~e Note. ln-
creases in the interest rate will result in higher ~a}~mentt. Decreases in the interest rate w~ll result in lower pa~•ments.
B. LOA\ CNARGE~
It could be that the I~an secured b~~ the Securit~~ lnstrument is subject ro a law H~hich setti maximum loan charges
and that law ic ~nterpretrd so that che interec! or olher lo3n charge, collerted o~ to be collerted in connection with the
loan Nould exceed ~ermitted limit,_ If this is the ca~e, then: (A) an~• such ioan charge shall be reducec: by the amount
nece.sar~~ to red.ire thc charge to the perrriiited limit; and (B) am~ sum~ alreacfy~ collected from RorroN•er which ex~eed-
ed permitted limits ~ill be refunded to ~3orroH~~r. Lender ma~• choocc to make thic refund b~~ reduc~ng the pnnc~pal
oHed under thr '\ute or by makine a direct ~a~~ment to Borro~~er.
C. TRA15fFR OF THF: PROPE:RTI
If there i~ a transfer of the Propen} suhiect to paragra~h I~.~t the Se~unt~ lnstrumen:, Lrnder ma~~ reyuire
rithrr an inrrrasr in tiir ~urren[ ~~otr in[erest ~a[e ur an increa,e in [he ksatie inar~ t~gure, or ~oth, a, e cor-c]~Ue~n ot
Lende~ Nai~~ing the a~ti~n to ac~eleratc ~ro~ided in ~aragraph 1~.
B~ ~ignin~ thic, f;~~rr~~~~er aErce~ tc~ all ~f the ahc~~e.
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ADJUSTABIE RAjE lOAN RlDER-- ~~o a FnM~~ ~_i~ 9~-~HIMf, UNIfORM IqSTRUIMEh- Rxt~ L#217916
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Leonard W. Pullen ,~_ _ -~„tr„»C,
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Anita M. Pullen -FSc,rruMer
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