HomeMy WebLinkAbout0965 (E) Notice of l:hanges
The Note HolJer wi11 mail or deliv;r to m~ a nutice before each Change Date. 7'his nc~tire will advue nu of:
(i) the new interest rate on my loan as of the Change Date;
1ii) the amount of my manthly payment fi~llc»ving the Change Datc; .
(iii) any additio~al matters which the Note Holder is rtquirc~d t~ diulost; and
(iv) the title and telephone number of a person who H~ill answrr any questions 1 may ha~~e rcgar~ing the notire.
B. LAAN CHARGES
lt could be that the toan secureci by the Security Instniment is subject to a law which set~ maximum loan charges ana
that law is interprYted so that the interest or other loan charges collected or to be collected in conneclion with the loan would
exceed permitted limits. If this is the case, then: (A) any such charge shall be reduced by the amount necessary to redu~e
the charge to the permitted limit; and (B) any sums already collected from Borrower which exceeded permittrd limits will
be refunded to Borrow•er. i.ender may choose to make this refund by reducing the principal o++~~ed uncier the Note or by making
a direct payment to Borro~,•er_ ~
C. PRIOR LIENS
If Lender determines that all or any part of the sums by this Security Instrument are subject to a lien which has priority
rn~er this Security Instrument, Lender may send Borrower a notice identifying that lien. Borrower shall promptly act w~th
regard to that lien as provided in paragraph 4 of the SecuritX Instrument or shall promptly secure an agreement in a form
satisfactory to l.ender subordinating that lien to this Security Instrument.
D TRANSFER OF THE PROPERTY
If there is a transfer of the Propen~ subject to paragraph 17 of the Security Instrument, Lender may require I1) an in-
crease in the current Note interest rate, or (2) an increase in {or removai o~ ~he limit on ?he amount of any one iuterest rete
change (if there is a limrtl, or (3) a change in the Base Indez figure, or all of these, as a condition of Lender's waiving the
option to acceierate as provided in paragraph 17.
E. GOVERNING LAW ~
The Note and Security Inst~ument are to be construed and enforceci in accordance with the laws of the State of Florida :
i and the law and regutations of the United States of America. In the event of conflict betw~een Florida law and the laws and ~
j regulatior~s of the United States of America, then in such event the law and regulations of the United States of Amecica shall gcnrern.
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By signing this, Borrower agrees to all of the above.
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RETURN TO
~ ~~,`:~K~~~ ~aSE ~5 Firsi Citizens Federal
Savings b Loan Assn.
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