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~ (U) Effecti~e Date of Changes
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~ ~1~ neH intere~t rate ~cill heium~ efferti~e +~n each Change D~te. I~~ill pa~ the am~~unt uf m~ ne~~ m;mthll pa}'ment
h.~_inninc ~m the tir~t m~mthl~ pa~ment ~late atter the Change Uate until the a~ni~unt uf m~ mc,nthl~ p~}ment ~hanges a~ain.
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22084212 - JT
ADJUSTABLE RATE MORTGAGE RIDER
ti0'I'ICE: THE SECIJRITY INS'TRUAIENT SECURE.S A N(YI'F. WNICN CONTAItiS A PROVISION AL[A~~'1NG
FOR CHANGE.S IN TNF INTERFST RATE. INCREASE.S IN THE INTEREST RATF WILL RESUIT tti HIGNER
PA~'11EtiTS. DECREASF.S IN THE INTF.RST RATE WILL RFSU[.T lti LQN'ER Yql'ME1'I;S.
This rider is mad< <n~~ .......~~th...----... d~y of .................August................................. 19....84.....
and i~ incorporated inte~ ;~rxi ~hall tx deem;d arxi ~upplem~nt the Murtg:~ge, I?eed ot Trust, or Dec~d to Secure Debt (the "Securit~~
Inswment") of the same date given by the undersigned (the "Burrcnver") to:erure BorroN•er's Note to First Citizens Federal
Sa~~in~s and Loan a?ssociation (the "LenJer") of the ~me date (the "Note"1 and co~•ering the pmperty described in the
Securitv Instrument an~i 1<xaced at ...RlC..S.,..~C?c.42,...1 rQAU.O.~.~. AY~~.,.. F.C~...P.i~!'~~.>..Fl.qr_ida
Pre~peny Addreti~
~lodifcations. In a~ldition t~~ the cu~~enant~ and agreements made in the Serurit~ Instrument, Bi~rruH•er and Lender fur-
ther ci~venant and agree as fi~lluN•s:
A. ItiTERFST RATE AND ~tOtiTHLY P.~1'~fE1T CHAtiGE.S
The Note pro~~ides for an initial interest rate uf ....l.l.. $A..... Section -i ~~f the n~~te prc~ ides for changes in the
interest rate and the monthly payments, as follou~s:
4. ItiTEREST RATE AtiD 110tiTH1,1' PAY~1EtiT CHAtiGFS
(A) Chanke Dates
T'he interest ratr I w~ill pay ma~~ change on che .....is~........ da~~ :,t~ .---_--..S~p.t~mbe.r............ 19..~5....,
and on that dav uf the month e~er~ .12. months thereafter. Esch ~iate c~n which m)~ interest rate rould change is ralled a
"Change Date: '
(B) The Indeti
Beginning ~~ith the tirst Ch~nge Date, my interest rate w~ill be based on :~n "Index" The Index is the weekly a~•erage
i yield on United States Treasur}~ securities adjusted to a constant maturit~~ of one. years, as made available by~
i the Federal Reserve Bc~ard. The most recent Index figure available as ~~f ~5 ~a~~s before each Change Date is called the "Cur-
~ rent Index: ' i
~ '
{ ~
; If the index is no I~~nger a~ailable, the tiote Holder w•ill chcx~se a ne~~ index u~hich i~ h~sed upe~n comparable informa- ,