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Home My WebLink About0922 • w F~~IIBIT•~ g" ~ - t ~ ~i , • . . . , ADJUSTABLE RATE RIDER ~ ' ' , . 7'H1S ADJUSTAI3l_E RATE RIDFR is made thix d:~y ~?i.........S~tkGil~ 19.~~..., and inrur~x~ra~cYi uu~~ and xhall tk d~~rmrd ti~ amrnd and supplrmrnl thc Mor~gage, Ih,~rc1 of Truxt, ur DecYl ~o S~ti urr D~ht (thr "Sc~urily In~lrument") of thr ~me date given by the uadenigned (the "&?rrowrr") to sc~:ure Hormwer's Adjus~ablr Ratr No1e to .~.~.':.~Q~I..SrAYI.~Ki?S~.~,~1~11j,.$5~9~.1C~T~i~T,..~..Florida. Co~our~ati.on...... (Ihe "Lender") af the +:~me date (the "Note") and ce~vrnng the pru~xny dc~cribc~l in the Seeunty~ Instrument and Icxa~ed at: ~~~.rJ...N.~...~.1...+.:!Yf4.Y~4.~4~i..~r...~,~ t Ae Il JS?r!~..Y...~ f...ls!1~f!~~ R ..4.~4~lr.~ . . (Property Address) The Note confoins p~ovisions allowing for chonges in tha interest rate every S . yea~s. If the inte~est rafe increases, the Borrowa~'s rnor~thly paymants wiil be • higher. If the interest rate dec~eases, the Borrowe?'s monfhly payments will be lowe~. ADUITIU~~1. Co~'t:~a~Tti, ln ac3dition to the rovenants and agrc~ment. made in the Security Imtrument, , BorroH•er and Lender funher covenant and agrc~ ax foll~iwti: A, INTERE.ST RATE AND MO?VTHLY PAY~fENT CHANGES The Note provides for an initiai interc~t rate of .....13~..3I.5~...~7'c. Section 4 aP the Note provid~w for rhangc~ in che interest ` rate and the monthly p.•?y~ments, as iollowc "4. INTERES'T RATE ANll ~IONTHI.Y PAY~1E\T CHAtiGES lA) Cha»ge Dates The rate of interest I wil) pay ma}~ rhange on the first day of ........QG~~' 19._~$........, and on that da~~ eve~~~ 60th month there~fter. Each d~te on w•hich m~~ rate af in~erest rould change is called a"Change Date." (Bl The Index Any changc~ in m~~ rate of interest will be ba.ed on changrs in the Index. The "lndex" is the weekly a~•erage yield on United Statc~ Treasury se~-urities adjusted ta a contitant maturit~• of 5 years, as made available by the Federat Reserve B~ldiu. i!-~~ ~~~..st a~~ailable Index figure as of the date 45 day~ before rach Change Date is catied the "Current lndex." If the Index is no longer a~~ailable, the Nate Holder ~~~ill chocise a ne« index w~hich is based upon comparable information. The Note Hotder ~~iil give me notice of this choice. (Ci Catculation of Changes Before each Change Date, the Note Holder w•ill calrulate my ne~~ rate af interest by adding ...a..9..... percentage points (...1.9.....~'l~ j to the Current Index. The Note Holder H~ill then round the result of this additian to~the nearest one- eighth of one percentage point (0.12Srlc). This rounded amount wiil be m}• neµ~ rate of interest until the next Change Date. The Note Holder will then determine the amount of the monthl~• payment that would be sufficient to repa}~ the unpaid principal balance of my loan as of a C~ ~:~ge Date in `ull on the maturity date at my new rate of interest in substantiall~ equal pa~~ments. The result of thi~ calculation H•ill be the neN~ amounl of my monthly payment. (D) Effective Date of Changes M}~ ne~~ rate of interc~t w~ill become efiecti~~e on each Change Dale. 1 w~ill pay the new~ amount of my monthly pa~~ment•each month beginning on the first monthly pa~•ment date after the Change Date until the amount of my monthl}• payment rhangeti again. (E) lotice of Changes The Note Holder w•ilt mail or deli~~er to me a notice of any~ changes in the amount otm}• monihly pay~ment before the eftective date of an}~ change. The notire ~cil) include information required b}~ law~ to be given me and also the title arrd teiephane number of a person w ho w ip answer an~• question I ma~~ ha.~e regarding the notire." B. CHARGES; LIEtiS Uniform Covenant 4 of the Securily Instrument is amended to read as follow~s: 4. Charges; Liens. Borrower shall pay ait taxes, assessments, and other charges, fines and impositions attributable to the °:~~~rt3• w•hich may attain a priority over this Security Instrument, and leasehold pa}~ments ar ground rents, if any, in the manner ~rovided under paragraph 2 hereof or, if not paid in such manner, by Borrawer making payment, when due, directly to the pay~ee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the e~~ent Borrower shall make pa}~ment directly, Borrower shall promptly farnish tc~ Lender reeeipts evidencing such payments. Borrower shall promptly discharge any lien w~hich has priority over this Security Instrument; provided, that Borrower tihall not be reyuired to discharge any such lien so long as Bnrrower: (a) shall agree in writing to the payment of the obligation krured by such lien in a manner acceptable to Lender, (b) shall in gc~d faith rontc~t such lien by~. o~ de(end ag:~imt enforcemrnt of wch tien in, legat proceedings w•hich in the opininn of Lender operate to pre~•em the enfc~rcer.~cnt ~~f~the lien or fi~rfeiture of the Property or any p:~rt thereo(; or (c? shall ~ure from thr holder of such lien an agreement in a(orm ~ti~f:~ct~ry~ t~ Lender sutxirdinating such lien to this Security Inslrument. If Lender detrrmin~~ that all or any~ ~art of the 1'roperty is subject to a lien which may aUain a priority ~ver Ihis Securi~y (ntitrument, Lender shall und Horrow~er n~~tice identifying wch lien. Borrower shall ~tisfj~ surh lien or take one or more of th~ ~rt~i~n~.rt f~~r~h atx~~c ~+~ithin Irn dayti of the giving of notire. C, tiOTICF Unif~?rm C~~venant 14 uf thr Security Intitrument i~ amended to read as follows: 14. tiotice. Exrrrt far any notire reyuireci under applicable law~ to be given in another manner. (a) any nolire t<~ 13c~rrc~w•rr nrc?eidrd Gir in this Sc~urity Instrument shall bc given by delivering it or by maifing it by firsl rl:~s~ mail addrr+~ed tn R~~rn?wer at Ihe Pmrerty Addre~s or at such other address as Borrower may designa:e by notire to Lender ati ~~R 414 9~, 1.~-r~~~~ {z~413 Pa~19~s PLAN 6 RIDER-Single Fomily-9i82-~~Ma?~ Ue~forni' Instnrinent ~Q~x