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AD~iUS~'ABLE Ra?TE RIUER
TNI~ A[)Jl'~7'AB[.E: EtATE: Rt[)ER is made this ~ Sth day of February . 19 t35 '
and is incorporated into ar.d shall 1~ deemcd to amend snd sapplement the Mortgage, Deed of Trust, or Deed
to Secure I~bt !the "Security Instrument"1 of the same date given by the undersigned (the "Borrower"~ to
secure Borrow•Hr's Adjustabie Rate Note to l.'nited Sa~•inga ot America. F.A., (the "Lender"! of the same date lthe
"Note") and covering the praperty described in the Security Instrument and locate~i at:
.....~4.~...5.:.`?~:., Duval._Avenue~...Port.. St.....Lucie...Flor ida..3345~ ~
• . . .
.b~ ' ' ~ , ; i (~ooab nddrw.?
T1» lloN oottlai~w proyi~io~w a~o~in~ t~or ohlMqM M~ tl» inf~t tiN. M tlw Nit~nat rab '
inc~a~~ -M~' ~'~rK'~ n~ontl~ p~b ~ b~ hiQlwr. N th~ ini~n~t rN~ '
d~cra~s~ tlM Son+o~rK'a ~noRtl~ pe~nb ~rM ~ lo~r~.
AnnmoHru. CovErurrrs. In addition to the oovenant and a~r+oements made ia t,he Security Instrument, Borrower
and Lender liinhtr a~v~tnant snd a~ree aa fotlows:
A. IN'TL~RFST RA'IE AND MONTHLY PAYMENT CHANGES
T~e Note pmvidcs for an initial interat rate of ....1A_2,5.......`b. Section 4 of the Note provides for changes in the
interest rate and the monthly payments, as follow?s:
1. lN?Z~REST RATE AND MONTXL Y lA YAlENl' CAANGES I
(A) CZa~qe Dates
The interest rate I will pay may c1{~age on the F i rs t........ day of .....Ma rch... 86
1~........., aad
un that day of the month every months ther~eafter. Each date on which my interest rate o~uld change
ia call~d a "Change Date."
(B) Tre Isdez
Beginning with che fiist Change Date, my interrst rate wi!S be based on an "Indea." The Index is the weekly
average yield fln United S~ates Tnasury securitics adjust~d w a o~nstant matwity of .......o~te years, as made
available by the Federal Reserve Boazd. The most recxat Index 6gurc availabk as of 45 days before each Change
Date is called the "Current Index."
If tlie Indea is no longer available, the Note Holdtr will choose a new iadea which is based upon mmparable
information. The Note Hold~r will give me noda of its choia.
(C) Calculatioo ot C~as~es
~~°r~~c~~~~f ~ate. tht N~tr Holder will calceilate my new intertst rate by adding
~eroentage points : 50..9b) to the Currcnt Indea. The sum ~vill be my new
inuresc rate.
The Note Holder will the~ determine the anount of the monthly payment that wouId be suf~'ici~nt to repay in full
the prinapal I am tapected to owe oa the Chang~ Date in substantiatly equal pay~ents by the maturiry date at my
new interest rate. The result of this calculatioa wil! be th~ new amouat of my monthly payment.
(D) Flceth~e Date ot ~es
~ My new interest rate will beaome eBective on each Change Date. I will pay the amount of my new monthly
~ payment beg:nning on the first monthly payment date aRer the Change Date until the amount of my monthly
i payment changes again.
~ ( E ) Notke of C6u~es
~ The Note Holder will mail or detiver t4 a~e a aopa beforc each Change Date. The notice will advise me of:
~
( i) th~ new interest rate on my loan as of the ChanYe Qate;
( u). tht amount of my monthly payment following the Change Date;
( ui ) any additional matters which the Note Hold~r is required to disclos; ; and
(iv) the ade and telephone aumber of a person who will answer any question I may have regarding the
~ notia.
~ B. CHARGFS; LI~NS
Uniform Covenant 4 of the Serurity Ir?strument is ameaded to read as follows:
~1. Char~es; Lkm. Borrower shall pay all ta~ces, asstssment~, and other charges, fines and impositions attributable to
the Property which may attain a priority over thia Security Instrument, and leasehold payments or ground rents, if
~ any, in tlit man~er providtd under paragraph 2 heneaf or, if ~t paid in such mauner, by Borrower making paym~nt,
~ ~vhen due, si'v~ctly to the payee thertof. Borcower shall prompdy furnish to LendPr all nouoes of amounts due under
; this paragraph, and in the event Borrower shal! makt payment d'e_Ncdy, Borrowsr shall prompdy fumish to Lender
j rectipts evidencing such payments. Borrower si~all pmmpdy discharge an} lien which has prioriry ovee this Sec~srity
Instrument; however. Borrowcr shali not be required to dischargG any such lien so long as Borrower. ( a) shall agree in
' wriung w the payment of the obligatic~n secared by such lien in a manner acceptable to Lends?-, (b) shall in good
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~ 6ENERAI, fORM--FHLMC UNIFURM ADIUSTRBIE RATE LO~N--crr~~suar w~x~-3~s~ .
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