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AI)JUS'rABI,E ~tATIE MUR~'GAGE RIDER
~ LOAN~ 22118085
NOrt'ICE: THE ~ECURIT~Y INSTRUhtENT SECURFS A NOrI'E WHICH CONTAINS A PROVlSION AI.LOWING
~`OR C~~ANGE~ IN THE INTERES°[' RATE.INCREASES IN THE INTERESYf ItATE WILG RFSUGT IN HIGHER
PAYMEN't~. DECREASES IN TNE INT~RSC RATF. WILL RFSULT iN LO~i'ER PAYME:N'I`5.
This ridcr is made this 18th November $6
. . . . . . . . . . . . . . . . . . . . . . . . day of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , 19... . ,
anci is incorporateci into urxi shali be deertticci arxi suppleme?tt the Mortgage, Deed of Trus1, or Uced to Secure Debt (the "Security
instrument") of the same date given by the undersigned (~he "Borrowcr") to secure Borroa~er's Note to First Cltixens F~deral
Savings and Loan Assoclatlan (the "I.endcr") of 1he samc; date (the "Note") and covering the property described in the
Security Instrument and located at ......622 SS Degan brive, Port St. Lucie, Florida 33452
Property Address
Mc~dffications, ln addition to thc covenants and agreements made in the Security lnstrument, I3orrrn~~e~ and Lender fur-
ther covenant and agree~as follrnvs:
A. 1NTEREST RATE AND ~l10NTHGY PAYMENT CHANGFS
The Nofe provides for an initial interest rate of .:.,...8'50.,..%. Section 4 of the note provides for changes in tt?e
interest rate and the monthly, payments, as follows:
4. INTERESI' RATE AND i~TONTHLY PAYMENT C~~ANGES
(A) Change Dates
~ lst December 19.$~....,
i The interest rate I will pay may change on the day of
~ and on that day of the month every ,.?z months thereafter. Each date on which my interest rate could change is called a
' "Change Date:'
~
" (B) 1`he Index
~
~ Beginning with the first Change Date, my interest rate will be based on an "Ind~x:' The Index is the weekly average
~ yield on United States Treasury secwi~ies adjusted to a constant maturity of ...,,,.,,One years, as made avaitable by
~ the Federal Reserve $oard. The most recent Index figure available as of 45 days before each Change Date is called tt?e "Cur-
rent Index:'
~
~ If the ~ndex ~s no ionger ava~lable, the Note Nolder will choose a new ~ndex wh~ch ~s based upon comparable informa-
~ tion. The Note Holder will give me notice of its choice.
~ Calculation of Changes
Before each Change Date, the Note Holder will calculate my new interest rate by add~a..gnd three ~~~~~~s
~ points (.......2.' 75... to the Curreni Index. The Note Holder wii! then round the :esult of this addition to the nearest
one-eighth of one percentage point (0.125`~0). This rounded amount will be my new interest rate until the nexc Interest Change
Date. The ir~terest rate adjust?nent rnay be in the form of a rate increase or a rate decrease. My first interest rate adjustment
will be limited to My interest rate adjustments thercaRer will be limited to .......I~~~....~. Over the
term of my loan, my interest rate will never exceed ............13.50 ~
The Note Holder will then determine if~e amount of the monthly payment that w~ouid be suffieieni to repay in full the
principai I am expected to owe on the Change Date in substantiall~~ equa! payments by the maturity date at my new interest ~
rate. The result of this calculation will be the new am~unt of my monthly payment.
(D) Effectlve Date of Changes
iNy new interest rate wili become effective on each Change Date. I will pay the amount of my new monthly payment -
beginning on the first monthly payment date after the Change Date until the amount of my monthty payment changes again.
CAP NO`tE ADJUSTABLF. KATE 1110R~C'AGE R1DER -(TREASURY INDEX - J/&il
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