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ADJUSTABLE RATE RIDER ~
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THIS ADJUSTABL~ RA1E RIDER ia made thi: ..14th. day of .......April 19.84..„ ;
aud i~ ino~rporated into and ahsll be damed to amead aad aupplemeat tbe Mort~a~e. Deed of Truat, or poed to {
Sauc+~ Debt (the "Security Inawment"•) of the same date ~t'vea by the underai~~the "Bon+ower") w xcure f
FIRST NATIONAL BANK AND TRUST C OF STUART `
Bomower'a Adjuatabk Rste Note to ~
( the "I,ender" ) of the sa~ae date ( the "Note") aad voverin~ the ~
Pi'oP~nY desccibed in the Security Iaswment and located a~ ~
.................................U:...S:...H~~.hwa~. ~1.~.. Port,. St.:.. Lucie~..Florida....33452................................ ~
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(Prop~t~? Addr~)
~M N01~ ~OII~NN ~f'O~MbfM ~0'w~ll~ ~Of ChM1~M M141N 1111NM~ fN~. 1~ tlN Illbf'Nt f~1/
~~~w+~ n~o~q~ p~nMnb rriM b~ hiol~. M tlN inNn~t aN ~
d~en~s. tlN ~rowK's enonthyl p~n»nb ~rill b~ bwK.
AuDmot~ru. Covm~Arrrs. In addition to the eos~nant and a~rcements made in the Security Inswmeat, Bomower ~
and Lender tLrther wvenant~and s~ree as followa:
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A. II~TERESr RAT6 AND MONTHLY PAYMENT CHANCES
'Ibe Note provides for an initial iaterat rate of ....12 :00 ~A 4 of the Note provides for chaages in the
interat rate and the enonthlY PaY~nts, as folbwa:
11VlERESr RATE A1VD MONlALY IAYMEN? CAANGES -
(A)~~ . ~
T~ intec+est rste I will pay may chan~e on the .....first. . day of ............Ju1X .:....................:..19. 85..., and
on tlut day of the month every .....twelye ~Q~ ~~~r, Each date on which my interat rate aould chan~e ~
~ calkd a "Chan~e Date."
(B) 7tie la~~x .
Beginning w?ith the fiist Change Date, my interest rate will be based on an "Index." Tbe Index is the wakly
avera~e yield on Unitcd Statea Treasury secuiitiea adjuatcd to a eonatant maturity of one y~~, ~~gde
available by tlie Fodcral Resen?e Boart. The most reoent Iadea 6guc+e available aa of 45 days before each Chan~e
Date ia called the "Cutrent Inde~c."
If the Indca~ u no bnger available. the Note Holder will choose a new index which is based upon oomparable
j informatioa The Note Holder will give ~me noda of its choia.
(C) GkulaNo~ ot (~aages
~I Before each C6~nge Date, the Note Holder will calculate my aew interest rate by adding `
' ?:90 perantage points :90......~b) to the Curnnt Index. The sum will be my new
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interest rate.
R Tl~t Note Holder will then determine the amount of the montlily payment that would be sufi'icient to repay ia ful!
~ tt?e prinapal I am eapected to owe on the Change Date in substanually oqual payments by the maturity date at ary
new interest rau. The rault of this calculation will be the new amouat of my monthly paymen~
(D) Fleetf~e Date of Cha~es
My new interest rate will beo~me e6a~tivt on each Change Date. I will pay the amount of my new ~nonthly
payment begianing on the first mont6ly payment date after the Change Date until the amount of my monthly
payment chan~es again.
(E) Notice of (~anaes
The Note Holder will mail or deliver to me a noaa befon each Change Date. 'Ilie aotiae will advise me of:
( i) t6e new interest rate on my loan as of the Change Date;
~ ( u) the amount of my montlily payment followiag the Change Date;
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~ (iv) the tide and telephone number of a person who wili answer any question I may have r~egardinQ the
~ notia.
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F B. CHARGES; LILNS
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~ Uniform Covenant 4 of the Security Inswment ia ameaded to read aa folk,ws:
~ 1. Char~es; tieas. Bon+ower s6all pay all tauea, asseasments, and other chargrs, fines and impositions atvibutable to
~ the Property which may attain a priority over thia Security lastrument, aad lessehotd payments or gmund rents. if
~ any, in tht manner pruvided under paragraph 2lxreof or, if not paid in such manner, by Bornower making payment,
a5en due, dircctly to the payee thereof. Bornower shall promptly furaish to Lender all notioes of amounts due under
thi: paragraph, and in tlu event Bomower shall make payment directly, Borrower ahall prompdy furaish to Lender
reaipts evidencin~ such payments. Borrower ahall prompdy diacharge any lien which has priority over this Socurity
Inawment; however, Sorrower ahall not be requind to discharge any such lien so long as Borrnwec ( a) ahall a~ra in
~ writing to the payment of the obli~ation securcd by such liea ~a a maaner aooeptable to Lender, (b) ahall in ~ood
~ 6ENERAL fORM-FHLMC UNIFORM AD1liSTABIE RATE LOAN-(~aSUR~?woEx)-3i83 g0~K4~5 e~cE ~V1
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