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ADJUSTABLE RATE RIDER
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THIS AD A$~.~ `RA1E RIDER u made this day of JUNE 19.. 84..,
aad is invorponted 'wto aad ahall be damed to amend and auQplement the Mort~a~e. Dced of Truat, or Dced to
Socure Debt ( tl~e "Security Inswment") of the aame date ~ivea by tbe uadersi,~ned ( the "Bornower" ) to secure
Borrower'a Adjuatable~Rxte Note to ..........l.h~.1.4~~~.~..Cl~txl~t4~l..GomR~~X
(the "I.ender") of the aa~re date (the "Note") and ooverin~ the
property desu: ' i~ ~th~~irity~'~wment and {ocated a~
827....5; E:... Roulette„l; ane,....Port, St.,_Lucie~ . Florida... 33452
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1'll~ I~Ob i~011~1f1~ PI'~rh101M aNOw~ll~ 10r dl~llj~ ~t i11f~fNt hh. 1~ tlf~ ~Ilbf'~S1 ~ib
inc~~ tlw so~ourK's nana~ p~ynNna wiN M hlOh.r. M tIM int~wt raa ,
d~c~a~s, t!N ~o~'s monthl~ pma~nb MiN b~ low~.
AnnmoN~t. CovErt~t~rrs. . In additioa to the oovenaat and agrcemeats made in the Security Instrument, Bomower
and Lender further oovenant and aat~ee ss fopows:
A. tN1ER&ST RA'i'L AND MONTHLY PAYMENT CHANGFS
The Note provides for an inirial iaterest rate of ~ 4~~~~.....~b. Section 4 of the Note provides for chang~s in the
interat rate and the monthly payments, as follows:
4. INlERES7 RAT'E.UiiD MONlHLY PAYMENT CHANGES
(A) C~a~ D,itea ~ -
The inttrcst rate I will pay may change on the ...First,.. (lst~. day of ........Ju1X 19.85..., and
on that day of the month every ....twelve ~oQ~ ~ereaRer. Each date on which my interest rate ouuld change ~
is called a "Change Date." .
(B) 'i1e Iade:
Beginning with the 6rst Change Date, my intercst rate will be based on an "Index." The Indea is the weelcly
average yield on United States Tc+easury securities adjusted to a o~nstant maturity of ........AI?~............ years, as made
available by the Federal Reseeve Board. The niost.reaent Index figure available as of 45 days befon each Change
~ Date is called the "Cument Index."
If the Index is no longer available, the Note Holder will choose a new index which is based upoa aomparable
information. The Note Holder will give me noda of its choia.
(C) Cakulatioa of Chaoges
Befon each Chaage Date, the~ Note Holder will calculate my new interest rate by adding Two, ac ,
,,,,,,one-half,,,,,,,,,,,,,,,,,,,,,,, ~~A~ge points (...~~500 to the Current Index. The sum will be my new
interest rate.
The Note Holder will then determine the amount of the monchly paymeat that wauld be sufficieat to repay in full
the princapal I am expected w owe on the Change Date in substantially equal payments by the inaturity date at my
new interat rate. The result of this calculation will be the new amount of my monthly payment.
i (D) Fdective Date ot C6aages
~ My new interat rate will beoome e6ective on each Change Date. I will pay the amount of my new monthly
E payment beginning on the rst qwnthly yment d te a~~ the Chang Date until e amount of m monthl . .
payment changes again. ~he interes~rate wi~ not be chan ecf b more t~an twope rcel~tage ~ints
on any chan~e date, nor by more ~an five and three-eiRhths aercentage
~ (E) Notke oi Chaages Points during the life of the loan.
~ The Note Hotder will mail or deliver to me a notia before each Chaage Date. The norice will advise me of: _
(i) the new interest rate on my loan as of the Change Date;
~ ( u) the amount Qf my monthly payment following the Change Date;
(ui) any additional matters which the Note Holder is required to disdose; and
~ (iv) the ade and telephone number of a person who will answer any question I may have regarding the
notia.
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~ B. CHARGES; LIENS
Uniform Covenant 4 of the Securiry Inswmeat is amended to read as follows:
~ 4. q~ar~ea; I.ieas. Borrower shall pay all taues, asussments, and other charges, fines and impositions attributabte to
: the Property which may attain a priority over this Securiry Instrument, and leasehoid payments or ground rents, if
~ any, in the manner.provided under paragraph 2 heroof or, if not paid in such manner, by Borrower making payment, -
` whea due, directly to the payee thereof. Borrower shall prompdy furnish to Lender all notias of amounts due under
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~ thia pazagraph, and in the event Borrower shall make payment directly, Borrower sha11 prompdy furnish to Leader
s reoeipta evidencing such payments. Borrower shall prompdy diuharge any lien which has prioriry over this Security
~ Inswment; however, Bomower shall not be required to dixharge any such lien so long as Bornower. ( a) shall agrce in
~ writing to the payment of the obligatioa secured by such lien in a manner acceptable to Lender, (b) shall in good
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6ENERAI fORM-fHIMC UNIFORM ADIUSTABIE RATE LOAN-cn~r wo~x~-3~s~
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