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• . ~ L(~AN ~090~+3241 (THOMSON)
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' ~ AD~JUSTABLE RATE RIBER
'TH1S AWUSTABLB RA1B RIDER h made thi~ ..?.2r~d. day of ...k~~IIA~X !9. ~4..,
aad a inootporated ia~o aad ~ail be daaned ~u smead aad a~ppkment the Mortjase, Dad oP Tnw. or Dbed ~u
Socura Debt (tba "Sewriqr Iawy.a~ent"~ ot ti~ sama dsa ~ ~yy the uad~r:isned (the "Borrow~r") to :ea~re
Borrow?~r'~ Adjn~tabk ~ta~e Note PB MORTGAGx ,
t~O~TrON
(~6e "I.endcr") of tl~e same daa (the "No~e") and ooveriaj ehe
pt~opaty daaribed ia tbe Secudty In~trument and Ionted at _
.._....3100 Pruitt Road =„Unit , 203-A ~„Port ,
St Lucie~„Florida..,,
33452,,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,, '
. t~~y AddrNS)
~M MOiM OOIIhIA~ pf'O~i~0i1/ ~~S M~~Ii~frM fiM~ M 1~ MN~fr~t (al~
MIOf'~ 1M ~Off+Ol~f w1011~1~ ~1 11~ ~IIIM~N f~N
~OIrMM~ 1~N ~lMy ~ PM~1~ ~ b~ IOIwK.
ADUmo~u?t. Cov~uu+rs. In addition w tbc oa~eaant and a~rtements made in the Seauity I~wment, Borm~er
and I.eadec tLctber ooveosnt snd afc~ee as folb~rs:
A. W181t8R1' RATB AND MONTHI.Y PAYMBN7' CHANGES .
The Noce prnvide: for an initial int~a~at nte of ..1~...~5?4.......~,. Sect'an ~ of the Note provide,s for dian~a in the
interat na and the monthlY P~Y~~• ~ foUo~
4. 11VrE~ESi' LlrE AND lKON7BLY rAY1NB1Vl' CIUNGES
tA) Cti..~ D~tes
'fLe interat nte I w?ill PaY °~a~~ on tbe day of .......I:~A,~G:~..........................., l9. and
dn tiut day of tbe aanth e.w~ery montlu the~+eafter. Eadi date on Mhid~ my inurat rate aould chan~e
is c~ll~ a "Chan~e Diu."
(6) Tre Iaiez
Be=ianin= ~it6 the 6r:t C6an~e Date, my interat nte w?itl be baaed on an "Indea~." The Indcx ia the ~reekly
srera~e yi~eW on Unitcd Suta Tra:ury sewritia adjusted w a wn:tant maturity of ....Q~I~ yea~s. s made
availabk by the Foderal R~aerve Boat+a. The mo~t recent Index 8~ure availabk u of 4S days befon each Change
Da~e h cslkd tbe "Curnat Index."
If the Indeac a no bn~er availabk, the Note Hotder w?ilt claose a neM indeac ~??hic~ ia based up~n cumparabk
iaformuion. The Note Hdder w?iil ~ive.aa~ notioe of its choia. .
(C) Calcrlado~ e~ ~La~a ~
Befor~e each Chan~e Date, the No~e Holder will calculate my nea intehat nte by iddin~ ~
peroentase points (....Z~4U..........~b) so iLe Curnnt Indea. T6e sum ~vitl be my new?
interat nte. .
The Note Holder w?ill t6en determine tbe amount of the mont6ty payment that would be suffiaent to r+epay in fuU
tbe principal I am ea~pecee~eed w ow?e on the Chan~e Date in wbatantiailY M~ WY~nts by the maturity date at my
ne~v iaurat nte. The cauit of tha calculation w?ill be the anv amount of my aanthiy paymen~
(D) Flectbe Date ef C7~s~a
My ne~v interat nte wiU beo~me effaxive on each Cban~e Date. I ~rill pay the amouat of my nea monthly
psyment be=innins on the first montlilY PaYment date after t6e Change Due until t6e amouat of my montWy
PaYment chanyes s~ain.
. (E) Notice ef Cis~ea -
Tbe Note Holder wrill mail or deliver w me s nutioe before eac~ Chan~e Date. The notioe ~rill advise me of:
; ( i) t6e new incecat rau on my ban as of the Chan=e Date;
i (ri) the amount of my nwat6lY PaYmeat folloMin~ the C6an~e Date;
~ ( iu ) any additional matteR w?hidi tbe Note Hoider a roquined to disclose; and
I
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( iv ) tl~e titk and tekpbone number of a penon ~?60 ~rill ansMer any quation I may have n~ardin~ the
notia.
& CNARGE4; LiFrIS
, Uniform Cavenaat 4 of tbe Se~urity Inswment is amendod w c~ead u foUow?x
~ C~srrea; Ijer. Borro~?a shaU pa~y all taus. aue,s~ments, and ot~r char~es. finea and impositions attributabk to
t6e property w?hich may attaia a prarity over thi:.Security I~wment, and kasehold paymen~ or ~r+nuad rcaa. J
aay, in t6e manaer pc~o~ided under para~raph 2 heroof or. if nat paid in wcb manner. bY Borrow?er makini P~Y~~•
; wden due, dic+axty w the payoe tbereof. Borrower :6a1! p~umpdy furnish w L,ender sifl notioe: of anwunts due under
~ ~ Ps~Pb+ sad in t6e event Bomoaer sball mak~e paymeat dirxdy, Borm~rer shaU pmmpdy furaish ~u Lender
reaipts ~vid~nc+4t ~ P~Y~t~. Horro~?a sh~ll P~P~Y ~ lien rrhich h~ Q~iority ovet th~ Secudty
! In:wmea~ ho~?ever. Bomo~?er:hall na be requirod to dischar~ any wch lien so lon~ as Bon+n~rer: (a) :hail a~+ee ia
` ~vritinj to the payment of tbe obli~s~n soairod by ach lien in a manner aoaptabk a Leader; ( b) :hall in ~ood
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