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NOTICF: THF SF.CURITY INSTRUMENT 5[:CURFS A NOTE WHlCH (.`ONTAINS
' ~ A PROVISION Al.l.OWING FOR CHANGE:.S 1N THF INTERFST RATE. IN-
~ ~ CREASFS IN THI: INTI:REST RATF. WIL[. RFSULT IN NIGNF:R PAYMi:NTti.
DE:CREASES IN THt: IN ' T RATE VI~'ll.l. RFSUI.T IN l.ON'FR NAYMENTS.
This Rider is made this .f'.~. . . . . day ~~ . . . . . . , 19 ~~. . . , and is incor~rated into and shall
~St ~~€szt..'°'~.a i0 ~f3T£~tE3 ~~tE~ :suN€3}CtilClii iitC :Za'Siib:al^y~. .~~~if3 a7f TfiSSI, Oi Dt~t~ ii~ .ci:~uiC ~~i =iiiL "~~CuZti~ iitSiiu
ment") of the same date gi~~en by the ur.dersigncd (the "Borrower"1 to secu~e Borrower's Note to . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . • - - • - . - - . . First Fecie~al Savings & Loan Association of.I.ake.Worth. . . . . . . . . . . . . . . . . . .
. .. . ... ....... .. ......... . .. ..
(th: "Lender") of the same date (the "Note") and covering the property drscribed in the Serurity Instrument and
la:ated at ..9400 . South. AlA, .~803B_ _. Jensen Beach, Florida 33457
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Pru~x~r~-• : iddr,~s
Modifications. In addition to ;he rovenants and agreements made in thc Securit~~ Imtrument. I3orrower and
Lender further covenant and agree as follaws:
A. INTEREST RATF AND MONTHLY PAYMENT CHANGES
The Note has an "Initia! Interest Rate" of ....14. 75. , o~o. The Nate interest rate may ~e 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 Previousl~~ nccupied Homes, Nationa! Average for all !~tajor T~pes of l.enders" made
available by the Federal Home Loan Sank Buard (the "Index"). The interest rate cannot be changed to more than
~~Y~ . percentage points higher or lo~~•er than the Initial Interest Rate.
If the interest rate changes, the amount of Borrower's monthly payments will rhange as provided in the Note. In-
creases in the interest rate ~~•iU result in higher payments. Decreases in the interest rate will rest~lt in lower payments.
B. LOAN CNARGES
It could be tha: the loan se~:ured by the Security Instr-~ment is sub~ect to a law~ N~hich sets mazimum 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. lf this is the case. then: (A) an~~ such loan charge shall be reduced b~ the amount
necessary to reduce the charge to the permitted limit; and (B) any sums already collected from Borrower .~~hich exceed-
ed permitted limits w~ill be refun~ed to Borrow~er. Lender may chovse to make this refund by reducing the principal
ow~ed under the Note or by making a direct payment to Borrow•er.
C. TRAtiSFER OF THE PROPERTY
If there is a transfer of the Property subject to paragraph 17 of the Securit~~ Instrume:.t. Lender may require
ri~iic~ an i~-~trax iu tiic ~u~irtu i~utr inirrr~l ratr ar an inrreasr in the Hase tnciex iigure, or both, as a condition of
Lender wai~•ing the option to accelerate provided in paragraph 17.
By signing this, Borro~~er agrres to all of the abo~c.
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Antonio Carvalho -BorroNer
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Maria Carvalho -BorroNCr
ADJUSTABLE RATE LOAN RIDER-~ ?0 4 FAM11Y-1u80-FNIMC UNIfORM IRSTRUME4? Rx~ L#21658~
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