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ADJUSTABLE RA1'E MOR'PGAGE RIDER
NOrI'ICE: THE SECURiTY INSfRUMENT SECURES A NO?1'E WHICH CONTAINS A PROV1SlON ALIAWING
F'OR CHANGE.S 1N THB INTEREST RATE. INCREASES IN THL I1V'1'F.REST RATE WILL RESULT IN HIGHER
PAYMFN7S. ~DECREASES IN 'I'HL WI'ERST RATE WILL RESULT IN LOWER PAYMENIS.
This rider is made this 25th day of June 19.... 84.... ~
and is incorporated into and sl~all be deemod and supplement the Mortg,age, Dood of 71ust, or poed to Socure Debt (the "Socurity
Instrument") of the same date given by thc ut~dersigned (the "Borrower") to securo Borro~wer's No~e to First Citi=e~ I~edecal
Savings and I.o~n Associatbn (the "I.ender") of thc sarrie datc (the ••Note") and coMerinB ~ P~rtY describod i~ the
Security lnstrument and lacatal at 484 S.W. East Fort Circle, Pt. St. Lucie, Fl. 33452
Property Address _
Modltkatlons. In addition to the covenants and agreements made in the Security Instrument. Borrow~er and Lender fur-
ther cwenant and agree as follavs: .
A. INTEREST RATE AND MONTHLY PAYhiENT CHANGES
The Note pravides for an initial interest rate of ..~.9.~Q.......%. Section 4 of the note pr+o~vides for changes in the
interest rate and the monthly payments, as follo+vs:
A. INTERFST RATE AND MONTHLY PAYMENT CHANGES
. (q) C6ange pates
The interest rate I will pay may change on the ....lst......... day of ..r...........JulY 19..$5...,
and on that day of the month every 12. months thereafter. Each date on which my interest rate could change is called a
"Change Date: ,
B) The Index ~
' Beginning with the fir~t Change Date, my interest rate will be based on an "Index." The Index is the weekly average
, yield on United States Treasury securities adjusted to a constant maturity of one,.,_.,,., y~~~ ~~able by
the Federal Reserve Board. The most recent Index figure available as of 45 days before each Change Date is called the "Cur-
rent Indea:'
If the index is no longer availabic, the Note Holder will choose a new index which is based upon comparable inforn~a-
tion. The Note Holder will give me notice of its choice.
(C~ Calculation of Changes ~
i Before each Change Date, the Note Holder will calculate my new interest rate by adding 3- 25........ percentage ~
t points (......3 ~ 25 9b) to the Current Index. The Note Holder will then round the result of this addition to the nearest
~ one-eighth of one percentage point (0.125%). This rounded amount wilt be my new interest rate until the next Interest Change
Date. The interest rate adjustment may be in the form of a rate incnease or a rate decrease. My first interest rate adjustment
will be limited to 96. My interest rate adjustments thereafter will be iimited to ........1- Over the
term of my loan, my int~rest rate will never ezceed ..1~*~0,._,.,...,..96,
~ The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the
principal I am expected to vwe on the Change Date in substantially equal payments by the maturity date at my new interest
rate. The result of this calculation will be the new amount of my monthly payment.
~ (D) Effective Date ot Changes ~
My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment
beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again.
~ GP NOME ADJUSTABLE RATE MOR7'GAiGE RIDER -(TRF.~SURY IHDex - 3rs~~
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