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HomeMy WebLinkAbout0976 . . . . ,i w ~ . ~ . . ' . r . r ~ . . ; • ~ - ' ~ - ' . - , - - - ' . ' 7-.; . . . • 1:«-` - .r . ' - ~ . . / •.r. _ .t•~~' '•v~,' ' t' ~ ' • - ~ , ~ ` " . ' r''f~' A • w ' •.t.• n: ~ . ? : .wM F ~ '~w. i ti " - f~ •i.i _ , ~ e~ r ',,l~• • ~1~._ r•...' . . ~ ~ ' ~ . . _ . . ~j•~.~ _ '~r ~ - r; ~ - .FLEXIHLE TSRN - ADJDSTABLB RATE LOlll~l RZDER ' . ' . ~t ~~~`'~.•-+.1:.~ ~'~yr,...•• '..~i~~F_ .'~~„1-••Wi. ~a.7 ~~'~.~'~:r ~~~'"'~-1Y-•.. _~?ri..~~•~T.:~.;.~•"~•, ~ . ~•/y-~ : .•r . ~ t ..i . ~ . ~ . l r.~}.~ ~~d~ ~Tr ~ ~ ~{/i~Mli= ~oii ~Kii 1NSdAVi~L~~ Qi/~r~ ~ 1` ~y~~,~• • ~G: « w~'~~y`~4~~. ~ : - - = r y . ifBICB OONTAZNS ~'pROVISZ0~1 ],LLOt~TIA1G !'OR C~B7?NGE8 . • ~Il~1LRSJ18E8 ox DBCREI~SES) ZN TSE INTBRSST R]?TS O~ T8a ~ . . ~ t r - - --y: • ~~~--~,c t.,sr'- ~.~IAbT INTSRBST -RATa CBANGE ~Dl?TS AI+ID BVBRY-S2Y MONT88 :`''?c:"'..:~?i~„ ~ ~ f~i.~?- r' ~ 1~OA CBAAlGEB ~INCRS~SBS ~R DBCRS~S • ~~Kj'~T'r=i a.•sJ~`~' ~ ~ ~M Vi ~ ' ~ s . . 'r _ ~ ~ ~iQ~~ •~.'~'~a'-~? a~~i?-~ ~.~Yyc ,rq- ~~~~Ci~~!~._y _ • N? . r ' i ~7' f?' ~ < _ •a. jJ y:<'~ ~~!'~j: ~:::J' ~.!~t'~i?~~ i:\[~~.~v Yi1~?.~~..~'7~`~3 ~ "_i~~~r'~IA_~.i", :It? ~ ~J~? ' y_~ ~ ~~w ; ~Lla '~A' V'"'~'~~?'-~~. 1V.' t• 1~...~f ? : _ ~ ~ _ - _ - ?Lis R3aei is maae this~~ day of ~ = ~f.• ~ ` ; ~ 19~;•~.'~n ~ and is incorporated into and shall be deeme to .amen a sc:~'~~. = ~ suppleaeat tbe Mortgage, Deea ot Trust, or Deed to Secure Debt' _ -'.(tbe •Security Instrument•~ of tbe same date giveA by tA~.~ ,~Y~ ~ - un8ersigned ~the 'Borrowes•~ to secure~ Borrower's Note to s-"~ j ° : : ~fA~T£Y . - . _ . ; _ , ~ • - ~ M ~ _i~~ . ~ ~ ~ ST• (the •Lenc7er"3 of the same ; - date (tbe •Note•) and cover ng t e property described in tbe . Y~-••L 1'~ { Securi~ Instrument ~a~8 locatea at - ~'~ie -s:r:- F.sseac nriv~; por~-s~.-- ~ 'r ~ucie, lorida 33452 - - ~ - - - - „ . . . _ ~ ~ ~ i Propertp A ress _ . ; ~ . - . . - : • . ~ , Yti~J _ . ~ J.~~ - ~ " _ . . _ _ - _ • - _ ' " - - - - ' . , _ : : _ ~ ~ ~ ; . - ' ' - l~io8ifications. In adaition to the covenants and • ' ' :~-i` i agreements maae in the Security Instrument, Borrower ana Leader '`•»-r .f ! furtber covenant ana. agree as folloMrss • - , . : _ • ` . ~ ' _ . - ~ . - : - ~ - _ . - . _ INTERF.ST RATE, FIXED MONTBLX.PAYMENTS AND ADJOSTMENTS~IN LOAN TER1K - ~ ~ . _ • ' . . ?be Note has an 'Initial .Interest Rate' of 12.25 i. The ~ Note interest rate may be increasea or decreased on~ie lst day of the month beginning. on~ Janu~aYY 1 , 1985 and on tfiat day ; of the m~nth.every 6 months thereafter. ~ . , ~ Cbanges in the interest rate are governed by changes in an ~ fnterest rate inclex called the "Index". . The Znc3ex is the monthly ~ average of II.S. Treasury Bills wfth a maturity of six (6) months, as publisbed in_the Federal Reserve Bulletin. ~ During tbe term of the loan the interest•rate-cannot be increased or decreased by more than 2•25 percentage pcints above ! or belov the initial interest rate. i ~ ~ ~ ~ ~ If the interest rate cbanges, the amount of Borrower's ~ monthly payments Will remain constant but tbe term of the loan ' ~ rill cbange. Increases in the•interest rate may, therefore. result iA a longer loan tezw. Decreases in the interest rate may, therefore, result in a shorter loan'term. Dnder no circumstances will the term of the loan be~le~s than 9 years or greater than 30 years. . ~LOAN CHARGES ~ ; : It could be that the loan secured by the Security ; ! Instrument is subject to a law Which sets maximum loan charges ; ~ and that law is interpreted so that the interest or othes loan~ ' E ; = - ~ ~ ~R I~; _ ~ - ~~xl( ~t~~ ~A6f ~ ~ - _ _ - - , . . . . . - . . ~ - ~