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' ' • ' ~ • 3 pDJUSTABLE RATE RIDER
(IN?EREST RATE LIMITS)
THIS AbJUSTABI,~s RATE RIDER is made this ............1 OTH ...............day of.........JUI; Y.............................1 ~85..........,
and is inco~porated into and ahall be ddeme~ to amead uid supplement the Mcxtg~ge, Deed of Tnut, or Security Doed (the "Securiry
lnstrument") of the same dau givea by the uaderaigned (the "Borrower") to aecure Borcnwer's A~justable Rste Note (tbe" Note") to
HARBOR FEDERAI. SAVINGS AND LOAN ASSOCIATIGc~I (the "Lender') of the same date and oovering the property
:lescribad in the Security Instrument and locatod at
I.ONG~IORN AVE ANO MA 1 ZE ST PORT ST I.UC I E. Fl.. 33452
(Ptoperty Address)
Ti~e Note contains provisions aliowfn~ for changes In the interos~ rats. it the
interest ?at~ increaaes, the Borrowers monthly paymsnts wi~l be higher. if ths
inte~est ra3e decreases, ths Borrowe~'s monthly pay~ents will be lower.
ADDI110NAL COVENANTS. Ia addition to the coveaant and agreemeats made in the Secwity Inshvment,
~wer and Leader further coveaant and ag~oe as agree as follows:
A. IN~'EREST ItATE AND MOri'I'HLY PAYMENT CHANGES
T6e Note provides for an initiel intenat rate of... ~ 5~ 96_ Section 4 of the Note provides for changa in the intertst rate and
the monthly paymenta, as follows:
4. INTEREST RATE AND MONTHLY PA~'MENT CHANGES
tAj nrYWiC D~Ki
OCTOBER 8b '
'I°t~e ~erest rate I will pap may change on the first day of ...............................19.........., and on that day of the month every '
........................montt~s theroafter. Eac6 date on which my intc:tst rat; could change is called a"Change Date."
(B) 't6e Inde: -
Beginniag wit6 the first Change Date, my interest rate will be based on an"Index." Tht Indtx is the weekly average yield oa United
States'frcasury securiti~ adjusted to a oonstant maturity ofON~..........years. as made available by the Federa! Reserve Board. The
most recent Index figure svailable as of 45 days before each C6ange Date is called the "Current Iadex."
If the index is no longer available, the Note Holder wiU choose a new index which ia based upon comparable information T'he Note
Holder will give me notice of its ctwice.
(C~ Gkuladon of C6an~cs
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' ~e ach Chr.3ae Dau, the Noce HQI ~will calculate m new interest rate b addin TN R E E AN D
j Y Y 8
~ .....2 ~~~..........percencaga points t... s the the Current Indez. The sum wiU be my new interest rate.
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~ T6e Note Hoider will then dettrmine the amount of the monthly payment that would be sufficient to rcpay in ~ill :he principal I am
eapecud to owe on We Change~Date in substantially equal payments by tht maturity date at my new interest r.~te. The resuit of Wis
calculation will be the new amount of my nwathly payment
(D) I.imits 0a Intee~t Rate Chaa~es
~ rate of interest I~~uired to pay shaU never by incnased or decreased an any single C~?ge Date by more
than rcen from the rate of~tf~tt I have been a for th~8recedm
P~ ~ Pou ) P YinB ' g ................months. My
intarest rau slso shall never inerease or decrease mon th ..................percentage points5~u...........%) from the iwterest rate
established in puagraph A. of this inswmen~
(E) EQeedve Date ot C6antes
My n~w inter~st rau will become eff~ctive on each Change Date. I will pay tbe amount of my new monthly payment begining on the
first monthly paymeot date after the Change Date until the amount of my monthty payment changes agaia
~ (F~ Notlee ot Chan~a
The Note Halder will maii or detiver to me a aotice before each Change Date_ The notice wi11 advise me of:
(i) the aew interest rate on my ban as of the Change Date;
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~ (u) the amount of my montht}+ Paymc~. foUowic~g the Change Dau;
(iu) aay additional matters which the Note Nolder ia raquirai to disciose; and
(iv) tht titk and t~leptwne number of a person who will answer any queatiaa I may havc regudiag the notice.
~ 4,~ Pu~sE a~ua~a To:
i2isa s~~ ~ TREASURE ~COAST TITt_E ~ ~4AML
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