HomeMy WebLinkAbout0983 .
(~7 Notice of Cdanges .
The Note Holde~ will mail or deliver to me a notia before each Change Date. This notice will advise me of:
~(i) the new interest rate on my loan as of the Change Date;
(ii) the amount of my monthly payment follaving the Change Date;
(iii) arry additionai matters which the Note Holder is mquired to disclose; and
(iv) the title and telephone number of a person who will answer any questions I may have regarding the notice. ~
B. IAAN CHAItGES ~ ~ ~
It could be that the loan secured by the Securiry Instrument is subject to a law which sets maximum loan charges and
that Iaw is interpreted so that the interest or other loan charges collected or to be collected in connection with the loan vNOUId
excced permitted limits. If this is the case, then: (A) any such charge shall be reduced by the amount rtecessary to reduce ~
the charge to the permined limit; and B) any sums alreadY co~~ected from Borra~ver which exceeded permitted limits will
be refunded to Borrawer. Lender may choose to make this refund by reducing the principal au?~ed under the Note or by making ~ ~
a direct payment to Borro+ver. - ~ ~
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C. PItIOR LIENS . ~
If Lender determines that all or any part of the sums by this Security Instrument-are subject to a lien which has priority
aver this Security Instrument, l.ender may send BorroMrer a notice identifying that lie~. Borrrn~er shall promptly act with
regard to that lien as pt+~vided in paragraph 4 of the Security Instrument or shall promptly se~:ure an agreement in a form ~
satisfactory to Lender subordinating that lien to this Securiry Instrument. ~
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D: TRANSFER OF THE PROPERTY ' .
If there is a transfer of the Property subject to paragraph 17 of the Security Instrument. Lender may require (1) an in-
crease in the current Note interest rate, or (2) an increase in (or r~emaval o~ the limii on the amount of airy one interesi rate
change (if there is a limit), or (3) a change in the Base Indez figure, or all of these, as a condition of Lender's waiving the
option to accelerate as provided in paiagraph 17.
E. GOVERMNG LAW '
The Note and Security Instrument are to be construed and enforced in accordanee with the laws of the ~tate of Florida .
and the law and regulations of the United States of America. In the event of conflict betvMeen Florida law and the laws and ~
regulations of the United States of Ame~ica, then in such event the law and regulations of the United States of America shall gcr+ern. .
By signing this, Borrawer agrees to all of the above.
! 662656 .
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'84 ,~i ~l P2 . .
; _ ,1~, amas G. Thoa son, J.
` ~ F EO At~r- riCf.~~UCJ i
R~ER P01 i t~~i. CLERK .(SEAL) '
ST. LUCIE CUUNT`!. ~ L. cy . 'o' s ri. Borro~w~er
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