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(E) Notice of Changes ,
The Note Holder will mail or deliver to me a natice befcrc each Change Date. This notice will advise me of:
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(i) the new interest rate an my loan as of the Change Date; ~ , .
(ii) the amuunt of my monthly payment following the Change Date;
(iii) any additional matters which the Note Holder is reyuired to disclose; and
(iv) the title and telephone number of a person who wili answ~er any yuestions I may have rQgarding the notice.
B. LAAN CHARGFS
It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges and
that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the Ioan wvuld
exceed permitted limits. If this is the case, then: (A) any such charge shal) be reduced by the amount necessary to re~3uce
the charge to the permitted limit; and (B) any sums already collected from Borrower which exreeded permitted limits will
be refunded to Bormw~er. Lender may choose to make this refund by reducing the principal owed under the Note or by making
a direct payment to Borrower.
C. PRIOR LIENS
If Lender determines that all or any part of the sums by this Security lnstrument are subject to a lien which has priority
over this Security Instrument, I.ender may send Borro~wer a notice identifying that lien. Borrower shall prompdy act with
regard to that lien as provided in paragraph 4 of the Security Instniment or shall promptly secure an agreement in a form
satisfactory to Lender subordinating that lien to this Security Instrument.
D. TRANSFER OF THE PROPERTY
lf there is a transfer of the Property subject 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 remrnal 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 prrnided in paragraph 17.
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E. GOVERNING LAW
The Note and Security Instrument are to be construed and enforced in accordance with the laws of the State of ~torida
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 the United Sta:~ of America shall gavern.
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By signing this, Borrawer agrees to all of the above.
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` (SEAL)
Pau Morris, Sr. Borrower
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Grace E. llorris Borrower
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