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ADJUSTABL~ RATE MOR'PGAGE RI~ER
NORICE: THE SECURITY INSTRUMENT SECURES A N~1'E WHICH CONTAINS A PROVISION dL1.OWING
FOR CHANGES IN THE 1NTERESf RATE. INCREASES 1N THE INTEREST RATE W[LI. RFSULT tN HIGHER
PAYMENTS. DECREASFS IN THE INTERST RATE W1LL RESULT 1N LOWER PAYMF.NTS.
This ridec is made this ..........~~.~X...._.. day of ......................Oct46~!'.......................... 19..84......,
and is incorporated into and shall be deemed and supplem..nt the Moctgage, Decd of Trust, or Deed to Secuc~e Debt (t!x "Serurity
InstrumenC') of the same date given by the undersigned (the "Borrower") to securo Borrower's Note ro F7rst Citizeas Federal
Savings and Loan association (the "Lender") of the same date (the "Note") and covering the property described in the
Seci!riry instrument and located at ...C.O.C!!~i'.4f..~t'4~~P.4t!~~..~.nd.,C~,r,~er,,,Po~'t..$t... Lucie~,.F1,Q~.ida.,,
Property Address
1~1odlfkatlons. In addition to the covenants an~i agc~ements made in the Secu~ity instrument, Bos~ower and Ixnder fur-
ther cavenant and agree as follau?~s:
A. INTERE.ST RATE ~iND MONTHLY PAYMENT CHANGES
The Note pra~ides for an initial interest rate of ....1.1..SQ.... •~tion 4 of the note provides for changes in the
interest rate and the montt~{y payments, as follaws:
4. INTERE.ST RATE AND MO~iTNLY PAYMENT CHANGES
(A) Change [?ates
The interest rate I will pay may change on the ........lst..... day of ..._......No~tember 19._85...•.
and on that day of the month every l.Z. months thereafter. Each date on which my interest rate could change is called a
"Change Date:'
(B) The Index
Beginning with the first 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 .__......QC1C..... years, as made available by
the Fed~eral Reserve Board. The most recent Index figure available as of 45 days before each Change Date is called the "Cur-
reM Indez"
If the index is no longer avaiiatle, the Note Holder will choose a new index which is oased upon comparab{e informa-
t~on. Ti~e Note Holder will gi:~e me notice of its choice.
(C~ Calculatioe of Changes
i Before each Change Date, the Note Holder will caiculate my new interest rate by adding percentage '
~ Q `1~) to the Current Index. The Note Holder wiU then round the resuit of this addition to the nearest
f points ..2.,.
i one-eighth of one percentage point (0.125`,~). This saus~ded amount will be my new interest rate until th~ next Interest Change
Date. The interest rate adjustment may be en the form of a rate increase or a rate decrease. My first interest rate adjustmecit
:k
~ will be limited to .......~..0......`a~. My interest rate adjustments thereafter wil) be limited to Over the
~ term of my ioan, my interest rate will never exceed 6.. ~Q x.
~ The Note Holder wi{I then determine the amount of the monthly payment that wnuld be sufficie~~t to repay in full the
~ principal I am expected to owe on tiie Change Uate in substantially equal payments by the maturity date ai my new interest
~ rate. The result af this calcu(ation wiil be the new amount of my monthly paymenc.
k 1d) Effectiae Date of Changes
'vty new int~rest rate will become effective on each Change Date. I wili pay the amount of my new monthly payment
€ ceginning on the first monthiy payment date after the Change Date until the amount of my monthly payment changes again.
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