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AD~JUSTABLE RATE RIDER
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THIS ADJUSTABLE RA'fE R1DER is made this~ ...~.7!:... day of . 19.~~..,
and is inoorporated inw and shaU be deemed to amead and supplement the Mort~a , Dced of Trust. or Deed to
Secure Debt (the "Security Inaavment"~e°~u~~e~~`~~~av~ng~ ~~~~~'a~ soc~a~on~~~~° ~'n
~~°n~an~~R'f~e~i-b~Note w
...............................................y................................. (the "I.ender") of the same date (the "Note") and o~vering the
Property described ia tfx Secucity [aawmeat and locc~ted a~ .
790~,Qi't~us~Perk Blvd., Ft. Pierce, Florida 33450
a...:~......
- l~~b ~ddrwl
Th~ Nob oontafns proyi~ions aNowin~ !or chrg~s in fM inbr~t nt~. M th~ int~n~t rsb
~ tnc~~s; tlM ~rowK's monM~? p~nNnb wiM b~ lNal~. M tiN inbns! nb
~~MM~s aN OOffO~N'i IIIOf1~ ~Ill~lib ~ ~ 10~.
MDmort~u. Cov~~w7s. In addition to tt~e oovenaat and agrremeats made in the Securiry Inawment, Bornower
and Leader further o~veaant and aYree as followa: _
A. INTBRF~S7' RATL AND MONTHLY PAYMENT CHANCES
The Note pr~ovides for an initial intercst rate of ....1.Q..~Q........X,. Section 4 of the Note providcs for changes in the
intereat rate and the moathly paymeats, as follows:
1. IMERES7 RATE AND MONlXLY PAYMENT CNANGES
(A) CtiaoQe Dates
The iataest rate I will pay may c~nge on the ..Fi.r.st day of .........Ha~c..................:........:... 19...fl5., and
~ ~ on that day o1'the month every months thereaRer. Each date on which my interest rate oould change
is called a "Change Datc."
(B)17~e ladex .
Beginning with the first Change Date, my interest rate will be based on an "Index." The Index is the weekly
avera~e yield on United States Treasury securities.adjusted to a oonstanYmaturity of ........one,._,_.___,,, years, as made
available by the Federal Reserve Board. The most reoent Index figure available as of 45 days before each Change
Date is called the "Currcnt Index." .
r lf the Index is no longer av~ilable, the Note Holder will choose a new index which is based upoa oomparable
information. 'I~e Note Holder will give me nodoe of its choia.
~ (C) Cakulation ot C~an~ea -
' • Bcfo~+e each Change Date, the Note Holder will c~15 late my new iaterest rate by adding 95
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; perantage pomts (......~..y--........`b) W the l:urrent Iadex. The sum will be my new
! interat tate.
~ The Note Holder will thea detercnine the amouat_ of the monthl
the ptincipal I.am ea Y Payment that would be suA''icient to repay in fuU
pected to owe ~n the Change Date ia substanpally equal payments by the maturity date at my
~ new interest rate. The rault of this calculation w?ill be the new amount of my monthly payment.
(D) E~ectfre Date ot C6aages
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~ My new wtzrest rate vrill booome eBective on each Change Date. I will pay the amount of my new monchly .
payment beginning on the firat monthty payment date aRer the Change Date until the amount of my moathly
~ payment changes again. -
~ (E) Notke ot t:lianges
s~ The Note Holder wilt mail or deGver to me a notice before each Change Date. The notice will advise me of:
~ ( i) the new interest rate on my loan aa of the Change Date;
~ ( ii ) tbe amouat of m monthl
~ y y payment foUowing the Change Date;
( in ) any additional matters which the Note Holder is required to disdose; and .
i (iv) the title and telephone number of a person who will answer any question 1 may have regarding the
" notice.
Br CHARCES; 1.IENS
~ Uniform Covenant 4 of the Security Instrument is ameaded to read as follows:
4. (barges; Lieas. Borrower shall pay aU taxes, assessments, and other charges, fines and impositions attributable to
the Property which may attain a priority over this Security Inswmeat, and leasehold paymeats or ground rents, if
any, in the manner provided under paragtaph 2 hereof or, if not paid in such manner, by Bornower making payment.
€ wl~n due~ dincxly to the payee theroof. Bomnwer sha11 promptly furnish to Lender all notias of amouats due under
~ this para~ra~h, and in the event Bornower shall make
payment direcdy, Bornower shaU prompdy furnish to Lender
reaipta evidencing such payments. Bornower shall promptly discharge any tien which has prioriry over this Security .
! Inswment; tawever, Bomower shall not be roquired to discharge any such lien so long as Borcower. ( a) shall agrce in
; writia~ to the payment of the obli~ation secured by such liea in a manner acaptable w I.ender. ( b) shall in good
6ENERAI fORMl--FHLMC UNIfORM ADIUSTABIE RATE LOAN- _ B~ 431 ~
(iAEASUt1f M~EX) 3/83 _
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