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~ AI~J~ii~TABL~ ~AT'~ i~SOR'I'~h~L D.~~ER
NOrI'ICE: THE SECURITY INSfRU:~iENT SECURES A N~I'E WHiCH CONTAINS A PROVISION ALLOWING •
FOR CHANGFS IN THE INTERFST RATE. INCREASES 1N THE INTEREST RATE WILL RESULT 1N HIGHER ~
PAYMENIS. DECREASES IN THE INTERST RATE WILI. RESULT IN I.OWER PAYMENIS. ~
T6:c r~~i~r ic ma~ thic 2'Zn~_...... dHV nf --•---------••••-.....Tlll.V 19..~5t......,
and is incorporated into anci shall be deemed and supptement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security
[nstrument") of the same date given by the undersigned (the "Borco~wer") to secure Borrower's Note to Ftrst Citizetu Federa)
Ss~vfngs and I.oan Azsociatioo (the "Lender") of the same date (the "Note") and covering the property described in the
Securitv Instrument and Iocateci at ......RaPaY.a.Drive,..Fort„Pier~e,~. FI.orida
~ Propeny Address
Modifkatlons. In addition to the covenanu and agreements made in the Security Instrument, Borrower and Lender fur-
ther covenant and agree as follows:
A. [NTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note arorides for an initial interest rate of 9.~50......%. Section 4 of the note provides for changes in the
interest rate and the monthly payments, as follows:
4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) ChanRe Dates
The interest rate I wiil pay may change on the .......l.st...... day of ..........Augus~ 19...~6...,
and on that day of the month every .12 months thereafter. Each date on which my interest rate could change is called a
"Change Date:'
(B) The Index
Beginning with the first Change Date, my interest rate will be based on an "Index:' The Index is the wcekly average
yield on United 3tates Treasury securities adjusted to a constant maturity of .....ane.......... years, as made avaiiable lry
the Federal Reserve Board. The most recent Index figure available as of 45 days before each Change Date is called the "Cur-
rent Indez"
If the index is no longer available, the Note Holder will choose a new index which is based upon comparable informa-
' tion. The Note Holder w•ill gi~~e me notice of it~ choice.
(C) Calculateon of Changes
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' Before each Chan e Date, the Note Holder will calculate m new interest rate addan 2'5~... rcenta e ~
; points ~-.50....... to the Current Indez. The Note Holder will then round the result of this addition to the nearest
one-eighth of one percentage point (0.125`~ This rounded amount will be my new interest rate until the next Interest Change
~ Date. T'he interest rate adjustment may be in the form of a rate increase or a rate decrease. My first interest rate adjustment
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i will be limited to ........2..0.... _ S~ . My interest rate adjustments thereafter wili be limited to .....1 Over the a
~ term of my loan, my interest rate will never exceed .....14..50......... . ^
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~ The Note Holder will then determine the amaunt of the monthly payment that would be sufficient to repay in full the ~
~ principal ( am expected to owe on the Change Date in substantially equal payments by the maturity date at my new interest ~
~ rate. The result of this ca~cutation will be the new amount of my monthly payment.
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~ (D) Effective Date of Changes ~
~ My new interest rate wi11 become effective on each Change Date. 1 will pay the amount of my new monthly payment ~
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beginning on the first monthly Payment date after the Change Date until the amount of my monthly payment changes again.
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