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ADJUSTABLE RATE RIDER i
(i Y~ W.: - l+Klodk aa~ Ijt• lsta~a Rsa Cap.)
, ~985 ~~,a ~s
TH1S ADJUSTABLE RATE RlDER a msde this ~ Zth . day o! OCTOBER
incorporated into sad shaU be damod to smcnd snd suppkment the Mort~a~t. Deed oi Tnuc or Securi~y Deed (ehe
~Security iattrumeat'~ o(tbe ssaae date p'vea b tde undenip~ed (the "Bonower'7 to secun Borrower': Adjustabk Rate
Noce (tlie "Note'~ to . . .~Q~ .F J I~~S rA4 . ~~RP4RAT I QH. . 4. ~QRPo~?~
~ oN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. j . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . (th~ "L.e~der") of the same date snd coverin~ the propeny
described in tbe Security IastNment sud located at:
1540 SE ROYAL.GREEN.CIRCLE,1202~.PORT ST. LUCIE;.FLORIDA 3~452
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(Propeny Addcess)
TNE NO'tB CONTAINS PROVISIONS ALLOWING FOR CHANGFS IN
THB INTEREST RATE AND ?HB MONTHLY PAYMENT. ~
AnnmoN~t. Covcri~xrs. !n addition to the covenanta and a~reements made in the Security instrument. Bonower
and Lender further coveaant and a~ree aa fotlows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Nate provides for aa [aitial laterest Rste of ..1 ~..~59b. The Note provida for chanQes in the interest rate and the
monthly paymena. as foUows.
1. INTERFST RA'IE AND MONTNLY PAYMENl' CHANGES; dORROWF1tS ItIGH? TO LIMIT PAYMII~IT
(A) Ch~n=t D~ta
~ PaY Y S Y NOVEMBER. , l9 86 and on that day
The iatercat rate I will ma chs?n e o~ the first da of
every 12th month therafter. Each date on which my intercst ate could change is calkd a"Change Date."
(S) 't'he Inde= '
Bejinnina with the first Chan~e Uste, my intercst rate w71 be basod on an lndea. The "Index"is the wakiyaven~e
yield oa United Stata Treuury securities adjusted to a consunt maturity of l ye~r. as made availabk by the,Federal
Reserve Board. The most reant lndex figure availabk as of thc date 4S days before each Change Date is called the
"Current index."
If the Index is no tonger available. the Note Holder will choose a new index which is based upon comparable
inforcnation. The Note Holder will give me notice of this choice.
(C) Gkuladoa o! C6an:a
; 8efore each Change Date, the Note Holder will calculate my new interst rate by adding 3..25.
' . perantage points (3.25. to the Current [ndex. The Note Holder
,
; witl then round the cesult of this addiqon to the nearost one~ighth of one percentage point (0.12Sg6). This rounded
amount will be my rxw interest rate until the next Change Date.
Howeve~, my interat rate shaU never be increased or decnased on any single change date by more than 00 ,
percenu~e Qoints(.2, OQ ..96) [rom the rate of interest i had been psying immcdiatety prior to the chaage date~ aad my
rate of iaterest shall never iacrase or decrease by more tban 5.00. percentage points (.5. PA ..Q6) from the tnitial
Intercst Rate over the term of the Note.
The Note Holder will then determine th= amount of the monthly payment that would be sufficieat to repay the
uapaid priQCipal that t am expected to owe at the Chan~e Date in full on the cnaturity date at my new interest rate ia
substantially equal payments.The rcsult of this calculation wiU be the new amount of my monthly payment. -
B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER '
Uniform Covcnant 17 of the Security Inst~ument is amended to read as foliows:
Tr~e~der o[t6e ~ropert~ or a HeaeDc~s! Ieterest W sorrower. lf aq or any part of t6e Propeety or sny iaterat ia it is
sold or tnnsferred (or if a beaeficial intec~e:t ia Borrower is soW or tranaferred and Bonower is not s natural persoa)
without Lender's prior written coaxnt, Lender msy, at its opaoe, nquire immediate paymeat in tull of all aums secured
by this Security Icutrument. However, this op~ioa shal! not be exercisod by Lender if eaercise is protubited by federal !sw
; as of the date of this S~curity Instrument. Lender also shaU not exer~ise this option if: (aj Bocrow~eresusa to be submitted
to Lender inforu~tion required by L.e~er to evslwte the iatended transitree u if a new losn a+ire bein~ msde to the
transferte; and (b) Lender reasonably determines that Lender's security will not be impaited by the toan asaumption and
that the risk of a bresrh of any covenant or a~reeaxnt in this Security [asttument is acaptabk to Lender.
To the eatent permitted by applicsble law~ Leader msy chane a ressonabk fee as s conditioa to Leader's cansent
co the loan assumptioa. Lender may also require the tranderee to si~n an sssumption a~rament that is acceptsbk to
Lender and that obliBates tht transfera to keep sll tht procnise~ aad a~reements made in the ?Yote and in this Security
Instrument. Bonower will continue to be obG~ated under the Note and this Security Instruwent untas Lender rtkases
E Borrower in writing.
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