HomeMy WebLinkAbout0971 (E) Nutke of Changes
The Nute Holder will mail or deli~•er to me a notire befure earh Change Date. This nutice will advise n~e uf:
(i) the new interest rate an my kian as of the Chdnge Date;
lii) the amount af my monthly payment follrnving the Change Date;
(iii) any additional matters which the Note HoWer is required to Jisclose: and
(iv) the titie and telephone number of a person who will answer any ques~ions 1 inay have regarding the notice.
B. LOAN CHARGFS
lt could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges and
that law is inierpreted so that the interest or other loan charges collected or to be collected in connection with the loan wnuld
exceed permitted limits. If this is the case, then: (A) any such charge shalt be reduceii by the amount necessary to reduce
the charge to the permitted limit; and (B) any sums already coflected from Borrower which exceeded permitted limits will
be refunded to Borrower. Lender may choo~e to make this refu~d by reducing the principai owed under the Note or by making
a direct payment to Borrower.
C. PRIOR LIENS
lf Lender determines that all or any part of the sums by this Security Instrument are subject to a lien which has priority
over this Security lnstrument, Lender may sen~i Borrower a noti~e identifying that lien. Borrower shali promptly act with
regard to that lien as provided in paragraph 4 of the Security Instrument or shall promptly secure an agreement in a form
satisfactory to Lender subordinating that li~n to this Security Instrument.
D. TRANSFER O~ THE PROPERTY
If there is a transfer of the Property subjert 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 :emoval o~ the limit on the amount of any one interest rate
change (if there is a limit), or (3) a change in the Base Index figure, or all of these, as a condition of Lender's waiving the
option to accelerate as prrn~ided in paragraph 17. ,
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E. GOVERNING LAW
The Note and Security Instrument are to be cons~rued and enforced in accordance a~ith the laws of the State of Florida
and the law and regulations of the United States of America. In the event of conflict between Florida law and the laws and
regulations of the United States of America, then in such event the law and regulations of ihe United States of America shali gorvern.
~ By signing this, Borrower agrees to all of the above.
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~ se J. Ar o d Borrower
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Borrower
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~ REIURtd TO
- Frst Citizens Federal
~ Savings & Loan Assn.
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ao~K 461 PAGE 9~
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