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ADJ~JST~LE RATE MC)R'PGAG~ ~IllER
NUR'IGE: THE SECURITY INSTRUMENT SECtJRES A NOR'E VYHI~~ CONTAINS A PRUM1~SIO?~1 ALLOWL~G
I~OiI' C~IANGL~S U~1 TNE INZF.REST RATE. INCREAS~S IN TRL~ I]NTBREST RATE WII.L RESULT IN NIGHER
PAY'MENTS. DECREASES tN THE DYrERST RATE WILL ~ESULT IIV LtyWER PAYMF.N'TS.
11 th DBCSI~B~ 11. 85
'Il?is rider is made tt?is day of 19........... .
and is incorporated in~o a~d shall be de~nod anci suppkme~t the Mortgage. Dood of Ttust, or Dead to Se~cu,-e L~ebt (the "SecuritY
Instrument") af the same dste givcn by the undcrsigned (ttx "Borro~rer") to secure Borm~ver's Nobe to First Citiuas I~deral
S~vin~gs and Lo~n Assocjation (the "I.ender") af the same date (tht °'Naoe") ud canering the prupecty described in th~
Savriry Instrur~ac and lacat~ad at 5059 Nortt~ A-1-A, ~t. Pierc~, F~orida 33449
PmpeRY Address -
ModiAcstioas. In additian to the covenants and agreeraents m~ade in the Security Instrument, Bor~r and Lender fur-
ther cuMCnant and agcee as follaws: •
A. vVTERE~'[` RATE AND MONTHLY PAYMENT CHANGES
Tht No~e provides for an imtial inter~eci tate of 9~ 5~... Scction 4 of tht nooe provides for changes irt the
inter+est ra~e a~xi th~ monthly p~yments, as follaws: . .
4. RATE AND MONT~II.Y PAYII~NT CHANGES .
f A? Change lmtes
The interest rate I witl pay tnay change on the lst... day of JANUARY 19..g~...,
and oa that day of the month every ..12 months thereafter. Each date on which my intsrest ra~ c~uld change is called a
"+Change Date:'
B) 7Le In~x
Begianin8 with the first Change Date, my interest rate will be based on an "Index:' The Index is the ~Meekly averag~
yield on United States Trcasury securities adjustcd to a consiant maturity of y~ears, as made availab[e by
the Foderaf Reserr~e Bciard. The most receat Indea figure available as of 45 dgys before each Ctiange Date is called the "C~:~-
rent Index" .
If the iadea is no longer available, the Aiate Holder wilf choose a c~ew index which is based upon comparable informa-
tion. The Note Holdsr will give me not:ce of its choice. ~
(C~ Cslculation of Clsauges
Before each Change Date, the Note Holder will caiculate my new interest rate by adding TW~. ~ O~e~ge
2.50~ ~~~~nt Index. The Note Holder will then round the rtsult of this addition W the nearest
points ( . )
o~-eighth of one percentage point (0.12596). This rourded amoant will be my new interest rate until the next Interest Change
Date. The interest rate adjustmsnt may be in the form of a rate inccease or a rate decraase. My first interest rate adjustment
will be lirruted w 2.00 My interest rate adjustments thereafter wi11 be iimited to ...........I•.QQ96. Over the
etrm of my loan, my in~erest rate wili nev~er exceed 14.5~,
The Note Holder will then determine the amount of the monthly payment thai woutd be sufficient to r~epay in fup the
principal J am expected to ow~e on the Change Date in substantially equal payments by the maturiry date at my nevv interest
rate. The re.sult of this calculation will be the new amount of my monthly payment.
(D) Fffectiv~e Datt oi Chswges -
My new interest rate witl become ~!'ert~ve on each Change Date. I will pay the amount of my new monthly paym~nt
beginning on the first monthly payment datc after the Change Date antil the amount of my monthly payment changes again.
CAP HOME ~.DJUSfABLE RA'[E MORPGAGE RiDdt -(TRFa?suRY IxQEx - 3~st)
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