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; THIS ADJUSTA9LE RATE RIDER it madc t~it ...30th ~y December ~9 85....., and is
~ inoorporaied ina aAd s~ll be deen~d a a~d sad wpplca~enc tbe Monaa=e, Deed of Trust or Sccurity De~od (tbe
"Sxurity Imtrre~a~t') ot tlwe ssaK dateP~ tbe (tDc "Borrower") to secure Borrower's Ad uscable
Race Nae (che "Nou') a...~.~.~
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THE„PALH„BEACHES,,,_,SO1_.SOUTH..FLA~LER..,.
DRIVE:..~~~..PA&~..~~~C~~...~:..~.~t.~~... (tLe "La~der') of tbe ~me date and ooverin~ t6e propeny describod in
the Security laatttitns~t aad baud at:
.....................5059_.No...AIA~..Unit.B-406~..Ft. Pierce~. Florida....33450...................................................
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[r++~y Ad~+~sl
T'F~ IiOrTE CONTA~1~ ~OVMI01l~ ALLOWNrti ROII t~lAtiGES IN THE tNTEREST FUTE f
AI~O TIE YO~fTf~Y MYMBfT. T1E NOTE L.~AfTi 'T1~ AMOUNT THE BORItOWER'S
i
MREIIEST 1lA~ CAf! CiMMOE AT ANY OIE TM~E AND T1E MAXIMUiN RATE THE BOR- 1
IIOMIlw I~iT MY. ~ i
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Aoumot~uL CovEw~~rts In additie~ to tre ao+s~ats aAd a~teements made in the Security Instrument, Borrower
~~a ~ r~~ ~..t ~.a ~ r~.?~: E
r?. nv~e~sr ~ ~rm NoHr~.Y r~~xr e~uwcFS ~
Tbe Note provid~ ~ar at iatial iater~t n~e of 2.L25.*'~ Tbe Note provida for changes in t6e interat nte ind the ~
montbly P~Y~. at ldbMS: `
1. IM~3tEbT tA1~ AND MOMHLY rAYMEM C7~ANGES
(A) C~s D~Mr 30th
~~c«~c ~u ~.~n~~ p.r ~y c~e oo tbt istcday ot .........December 19.86. , and on that diy
evcry 12tb aroatb t6ertattsr. Ficb da~e aw ~r~ic6 my i~terat nte oould chu~ge is caUed a"Change Dace."
~s~ TM t.~
Bqinain~ wilY t~s 6rst Cbatye D~ts. a~y int~test rite w~ill be Lesed oo an Index. Tbe "Index" is the weekly
aven~e yield an Usittd Stat~t T~eaw~r ~a~ritia~ adjwsd to a ooauaat maturity of 1 year~ u mide availabic by tbe ,
Federal Raerre Boand. Ttie most t~K lsia[ fi~et+e availabk as of tbe dau 45 daps before nch Change Date is called
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eT
"Curr+cnt Isdes.'" .
~ If tLe Indac it ~o loaser awitabis, t~e Nae Hoider ~?ill cbowe a aew index which u basod upun oomparable
infotmatioa. Tbe Nds Hdder wiU ~ire tee wtioc ot t~ c6oioe. ~
(C) CaMai~d~a ~f C1~~s
Before eatb Ciisye Datt,. tbe NoOe Hoidet will calutLte my aew~ interat rate by adding T~'TO AIr'D THREE
(,~UARTERS 2; 75~,~~ Current lndex. The Note Hotder will then round tbe
rault of this additioo to tLe weara~t o~si~~t~ of ant peroeat~e poiat (0.125~). Subject to tht limits suted in Section
4(D) below, this rated~d amorat ~ri1! tie ~ny ~ iatrnst rate uaW tbe nea~t Cbange Date..
~ T6e Note Hoider wrill t6n det~i~e t~e aaionet ot tbe mont6ly p~yment tisat would be sufficient to repay the
unpaid principat tLat I a~a a~pea~d t~o o~e at t6e C6ao,~e Date in full oa tbe cnaturity date it my new interest nte in
substantis0y eqwl papsients. T~e rarlt of this nla~lation ~rill be tbe new amount of my montbly payment.
i (D) 13~ils rs f~rrt oale C~s
T6e inta+at rus I aio r~eqsind to par st tLe t~ Ch~~e Date will aot l~e ~rater than ....11 :125.........eb or less than
F.
~ ...7...125
.............~i. TL~ltsr. my istserst ra~e wrill ~er be iscreased a decre~s~ed on any sinak Change Date by more
~ than two 2.0'~ tr~ow tLe nts of pu~ae~st 1 6ave boea fa the m twelre months. M
P~W~ P~ t ) 14 .125 ~rna ~ s r
intsrai rate rrill wewr be ~»ator tlias ~i.
j ( E) FI~cH+e D~M~ ~ C1~~
€ My aew ieituett ratt will beoo~oe eRectire on eacb Cba~e Date. I wril! pay the amount of my new monthly paymcnt
~ be6ieniu= oa tbe 5rst mostbl~r p~~ date after t~e Chsaje Date until tbe amount ot my monthly p~ayment changes ;
a=aia. ~
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~ ( F) NM~oe ~ C~+s
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' Tbe Note Hdder ~i11 ~direr o~ aail b me s~otioe af asy cbanges ia ~y intsrat nte and the amount of my monthly I,
; payment before tye de~tirt dau of awp d~aye. T'Le aotioe w~ill iaclude inforenation roquired by law to be given mc and i
aiw tbe titk ~sd ~skpia~e ~waber at a}eriow wb w?ill aASw~er any quation 1 may lyvc rogirding the nocicc. I
TRANSF~'1 OF TNE !'t0!'Ei'TY Ot A~EN~7(]AL Ii~TiERFSt iN oORROWF~t
Unitocm Coreaa~t 17 d t~e S~writy Irttse~ut i~ a~d to rad as fdlo~rs:
Tr~rr ~f li~ M~wg ~r ~~ieW Llwstt i~ M~rorr. If ~l! a sny pvrt of tbe Property or any intcrat in it is
' soid or tnasterred (ar it a b~we5c~l iwr~t i~ lat~aw~ is soid or traasferred and Borrowcr is not a natunl penon)
writhout I.~ader's prior ~rit~w ao¦~wit. L~ia ~y. u iss optio~a, req~ire immediate payment in Cull of all sums secured
by tl~is S~curity I~wraK. HowNr, tii~ aptio~:i~tl ~at rs surci~od b~r Le~der if exercise is probibited by f~drnl law
as of tbe date ot t~it S~au~ty IrtrtwM. l~e~der al~o aia31 ao1 e~c tbis optiaa if: (a) Borrower ausa to be
sub~anitted to I,end~r iiia~rieatio~ r~ind L~?1,Md~r w a~rajrtitte tLe iaw~ded tnasteroe as J a ne~? ioan wen bcina mzde
tQ e~e tra.~ter~ aa/ L,si~r t~e~aMy ia.r~i.~s c~ac L~a~+r': teaerity will na be itnpaired by cbe laan
assumptioa awd tyat tLs ri~ of a M~ et ag e~o~rNaot a[ a~reeaxat ia thi: Sawrity I~irumoat is aoceptabk w
I.eader.
for the first twelve (12) months
an~K
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1~~TATE AD~KTA~E MTE 1~-#A1 i~--6mpb Fan~~b 11M/F~~ii~ Y~c tM~M~w YwM~wt Forw 3111 ~N6
wn p~ s/~ s~.w~. w Fawi.. w~
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