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Home My WebLink About0946 ~ ~ . • ~ ~ ~ ADJUSTABLE RATE RID~R ? (t Yar w.: - l~erio~e .at ur~ totsrea wM taM) ~ 7NIS AQIUSTAeLE RA?E RIDER s a~t t!w ~.~4~? d~r ot , , , November ~ . . . , . . . . . ~ 19 85 . ~ a~ ~ iacorpora~ed aco and ~a110s deemed a amead sad suppkmea~ cAc Monp~e. Oced o~ Trust or Security Deed (the `Secur~t tnstruioe ~s~~ u vra sy tl~e ua0ersijncd (tbe 6otrowet'~ to ~ecvrs 8onowsr~ Ad'~ubk t4te ~ ~ • Y . ' ~~~~ancial ~orForation, a Cor~oration ~ ~ Nae tbe Note ` , . . . . . . . . . . . . . . . . . . . . . . . . . . (tAe "LlndK' 0~ tlft fame datt ~ed tov~crin= t!~ propetqr ~ dcxrised 'w tbc Security laswe~cnt sod toatea a~ , 1558 SE Royal Green Circle R-203=.Port St. Lucie, Florida 33452 . • Ih~r ~ s THE NOTE ~ONTAlNS tROV4SIONS ALLOVYIIYG FOR CHANCES IN ; i Kb ir~ l e.K~ i uw i~ luvu 7ti~ lNON7?iLY lAYMENT. e i AonrtwH~u CovcN~?.•~t~s, In addidoa to the covenants and a~rcements made in the Security lnswmeat. Borrowe~ ~ aod Lender turthet covenant snd apce ss toilows: ~ A. INTERESI' RATE AND MONTHLY PAYMENT CHANGES Thc Nott provida !or sa laitial tnterest Rate of 11: 375 ~ Note provides tot chan~es io the interest rate sod the monthlr Qaymeats. as lopows. 1. INTEREST RATE AND MONTHLY PAYMENT CHANGES; DOItROVYERS RIGHT TO LiMIT PAYMENT (A) CSan~s D~ta The interest rate ! will Qay may chanje on ~he first day o! December.. ~ 19 86. i~ on tbst dsy every !hD monih thereatur. fich date on which my interest rate could ciunge is calkd s'C~ange Date." (B) Ths [ndes Be~ianinj with the fint Chsn~e D~te~ wy intercst ratc wi11 be based oe an lndea. The "Index"is the weelclysvenje yield on United States Trcasury securities sdjustcd to a constant rtuturity of t yeat. as made avaiiabk by Ux.Federa! Rcserve Bosrd. 7Ls most rcceat index fi`un avai4bk as of the dat~ 4S days beforc each Chan~e Date is alkd tbe "Current tndes." - It the fndex is no lon~er availabk. the Note Holder will choose a new index which i: bascd upon comparabk informa~ion. The I~ote Hoider wi11 sive me ~otice of this choice. ~ (C7 Gkulat~ ot C6an~a &forc each Chsn~e Date. tbe Note Holder wili calculate my new inceresc nte by addini 3;25. ; F ' • • • • • • • • • • • • • • • • • • • • • • perccnn~e poincs ~ti25..Sf) co the Current [ndex. TAe yoce Holder ; wiA tben ~ound t!u rrsult ot tAis sdditioa to the nearcst one<i=hth of one percenu~e point (0.12596). This rounded amount w~ill be tay aew interest rate untii the oe~t Chante Date. i . Nowever. my interest rate shaq aever be increised or decrcased on any sin~le chan~e date by more thaa 00. . 4 .perccnu~c poiats(Z.aU ...96j (rom ths rate of interest 1 had beea piyin= immediately prior to the cQa~`e date. and wy ~ nte ot iaurest shall never incrase or decrease by mon than 5. QA percenta~e poinu S; 00 96~ ~rom tht Initiai ~ lncercst Rate over tbe urm ot tbe Note. ~ The Note Holder will tbea determine the amount ot the mont?~ly payment that wouW be sufficient to eepsy the ~ unpaid priacipai that t sm expected w orve at the Cban~e Date in tuU on the maturity date at my rrrw iaterest ate in substantiaily equal payraents.Th~ result of this akuLsion wiU be the new amount of my moathly paymen~. s ~ B. 7'RAN ~ SFER OF THE PRQPERTY OR A BENEFICIAL INTEREST IN BORROWER ~ Unifona Covenant 1~ of tbe Security lnswmeat is amend~d to resd u foUows: ~ Transfsr ot tbe PropertJ at a~enetkW iotcrat lo Sorrower. !f aU ot any patt o[ tbe Propertr or any inurcu in it u sotd or traasterred (or J a beneficul intercst ia sorrower a sold or transfernd aad Bonow~et i~ oot a r~atural person) ~ withoat Lender'~ prior Mrittea conKnt. LenQer m~y~ at its optioa. nqnin immcdiate payment in Eul1 of aU sulas secured ~ by this Security ln~trumsnt: Howevet. this optioa shali not se exercised Dy Lender dexercix is prohibited by fodersl bw ~ as of the dste otthis Sccurity lastrumen~ Lendst also shaU aot exe~,cise chi: opdoa J: (a) 8orrower auses to be sub~nitted ~ to Lender information rcquircd by t,ende~ to evaiwts tl~e iaterded transteea a d a ncw toan were beinj made to tbe ~ tnnsferce; and (b) Lendcr rusona0ly deurmines that Leader~ xcurity rvill not be impaired by tbe loan as:umptioa and ~ tbst tAe risk of a breach otany coverunt or ajreeme~t iA this Secwity instcument is uapubk to [.ender. ~ To ehe eateat permitted byspplicsbk lsw~. Leader ~aychsr=e ~ ttasonabk fee as s conditioa to Lender~iconsent ~ to che Ioan assumption. Lender auy also rcquirc tbe tran~ecre to si~n an assumQaon a~rament tibat is acapubk to ~ ra ~ Len6er ae~d et~at oblipta tAe transferce to keep sU tAe proauxs and a~rsemenu made io tbi Nou and in thi~ Saurity ~ Inscrument. Borrower will coatinue to be obliptcd unde~ the Hou and this Security iasuument unkss lender rekases Bocrower ia wriuns. - ~ ao~K4$~3 pacF y44 ~ ~ iN~TqTATE AD~IliTArls MT[ It1001-1 Y~ Tnerwy N~ - Slr~ph FarNh -?!lMM~MWC tNrlo~tw ka~l ~ ) ~ , , . _-w , ~w _ - - _ " _ _ - - _ - _ _