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. • AD~JUSTABLE RA7'E RIDER
T~IS./1~1~1,~~~~LA'~E RIDER is made this ..~.fJ.~~l.. day of .........~441Y......... 19..83.., ,
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1?~tft`r'tKe "Sixurity Ina~trument~ o the uax dsted~ivepa
by~the un~eru~ ~`'~'B~ir~o
er") to socure
Borrow~er': Adjuaubk Rate Note ta HARBOR FEDERAL SAYINGS AND LOAN AS50CIATION.
( tl~e "L.eader" ) of the sacne dau ( the "Note") and ooverin~ the
property described ia tht Security Iaswment and located a~
.................620 Ron Ri co Terrace Port St. Luci e, F1 ori da 33452
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TM NoM oontMns pro~Mio~s aMo~rin~ ior chMq~ h tlN h~t ~ M tlN inf~nst nt~
~c~s. tlN soRO~'s ~tl~ p~nMnb ~!N NphK. N tIN int~ns! tat~
d~cr~s, tM sotroww'~ n~atthly ~!a ~ill b~ lo~r~.
Anmm~trnt. Covstv~xrs. In addition to the oovenant and a~rEtments made in the Security Inswment, Bomower
and l.endar further oovenant aad a~ne as follo~va:
A. INTERFST RATE AND MONTHLY PAYMENT CHANGES
The Note provides for an iaitial interest rate of ..~l...QQO.......`b. Section 4 of the Note provides for changes in the
wterest rate ~nd the monthly paymcnts, as follows;
INlEREST R.iTE AND MONTBLY PAYMENT CHANGES
(A) Ciaa~e Dates
The inter~st rate I will pay may2hange oa the .....lst day of .......Au~ust.......................... 19 $4..., and
on that day of the month every .....1 months ehercafter. Each date on which my interat rate oould change
is called a "Change Date."
(B) T6e I~dez -
Be~inninB with the first Change Date, my intertst rate will be based on an "Index." The Index i~ the wcekiy
averagayield on United States Treasury serurities adjusted to a oonstant maturity of .........~Q years, as made
available by the Fcderal Reserve Board. The most reant Indea figure available as of 45 days before each Change
Date is called the "Current Index."
lf the Indea~ is no longer available, the Note Holder will chuose a new iadex which is based upon oomparable
iaformation: The Note Holder wili give me nouoe of its choice.
' (C) Calcalatloo ot C'~an~es
~ Befott each Chan e Date, the Note Holder will ~.alculate m new interest rate b addin one and 90 100
~ .....................................g...... percentage points (....~...~Q..........`b) to the Curnnt Inde . The sum will.be.my.lew
j incerest race.
i The Note Holder will t6en determine the amount of the montlily payment that would be sufticitnt to repay in full
the principal I am eapected to owe on the Change Date in substantially equat payments by the maturity date at my
~ new interest rate. The r+esult of this calculation will be the new amoant of my monthly payment.
~
i (D) ERective Date of Changes
; My new inter~si rate will beoome effective on each Change Date. I will pay the amount of my new monthly
~ paymeat beginaing on the first monthly payment date aRer the Change Date until the amount of my monthly
~ payment changas again.
( E ) Notke ot ChaaQes
E The Note Holder witl mail or deliver to me a aoaa before each Change Date. The notice will advise me of
~
~ ( i) the new interest rate on my loan as of the Change Date;
~ ( u) the amount of my monthly payment following the Change Date;
~ ( iii ) any additional matters which the Note Holder is requited to disciose; and
~ (iv) the tide and telephone number of a person who will answer any quesdon I may have regarding tne
AOt1Ct.
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~ B. CHARG~; LIENS
~ Uniform Coveaant 4 of the Sccurity Instrument is ameaded w read as foUows: !
~
; 4. Cbarges; Liens. Borrower shall pa~y alI taxes, asxssments, and other charges, fines and imposiuons atvibutable to ~
the Property wKich may attain a prioriry over this Security Instrument, and leasehold payments or ground rents, if
any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, '
when due, directly to tbe payee thereof. Borrower shall prompdy furnish co Lender all notices of amounts due under ~
this paragraph, and in the event Borrower shall make payment ditecdy, Bomowtr shall grompdy furnish w l.ender
reaipis evidencing such payments. Borrower shall prompdy disc6arge any lien which has priority over this Securiry
Inswment; however, Borrower shall noi be required to discharge any such lien so long as Borrower. { a) shal) agrce in
writing to the payment of the obligation secured by such lien in a manner aviceptable to I,ender, ( b) shall ia good
` 6ENERAI fORM-FHLMC UNIFDRM ADIIlSTABLE RATE LOAN-~~v r~x>-3is~
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