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~ . • ADJUSTABLE RATE MOR'PGAGE RIDER
IAAN~ 22114472
1~10rI'ICE: 'TRE SECURITY INSTRUMENT SECLJRES A 1VOR'E VVNICN LONTAINS A PROVISION ALIAWING
FOR CHANGES IN THE INTER~ST RATE. INCREASES IN THE INTFREST RATE WILL RESULT W HIGHER
PAYMENTS. DECREASES [N THE nNTERST RAT1B WII.L RESULT IN I~0'WER PAYMEN'I5.
This rider is made this ....31et day of .....~Se~e~:........................................, 19...~6....,,
and is incoFporated into and ahall be damod and suppkme~t the Mort~age. Doed of 'l~u.st, or pood to Socure Debt (thc "Securiry
Instrument") of the same date givcn by the undcrsigne~ (the "Barmwer") to secure Borro~ver's Note to FErst Citizens Pede~l
Snvings aad Lo~rn Assoclatlon (the "Lender") of the sam~ date (the "Note") and cavering the propeKY dcscribcd in the
Security Instrument and located at ~x Aba Street, Port St. Lucie, Plorida 33452
PrupettY Addness
Moditkittba4. In addition to the cavenants and agr~eemcnts made in thc Security Instrument. Borrower and Lender fur-
ther cov~enant and agr+ee as follaws:
A. INIITRF.ST RATE AND MOPITHLY PAYM~NT CHANGES
The Note pmvides for an initial interest rate of ......8,'.~~....%. Section 4 of the note provides for changes in the
interest rate and the monthly payments, as follaws:
4. INTERF.ST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change on the ........1$.t..... day of January 19 88....
and on that day of the month every .12 months thereafter, Each date on which my interest rate could change is called a
••Change Date: '
B) The Indes
Beginning wrth the first Change Date, my interest rate will be based on an "Index:' The Index is the weekly average
yield on United States Treasury securities adjusted to a constant maturity of,.......~~e....... years, as made available by
the Federal Rescrve Board. The most recent Index figure available as of 45 days before cach Change Date is called the "Cur-
rent Index: '
If the indea is no longer_available, the Note Holder wil! choose a new index which is based upon comparable informa-
tion. The Note Holder wilt give me natice of its choic~.
(C' Cakulatton ot Changes
Before each Change Date, the Note Hotder wili catculate my new interest rate by addingT~'.'.°.. SIIa..~~~p~}~r~age
points S0 ;G) to the Current Indea. The Note Holder wiU then round the result of this addition to the nearest
one-eighth of orn percentage point (0.125%). This rounded amount will be my new interest rate until the neat Inter~est Change
Date. The interest rate adjustment may be in the form of a rate increase or a rate decrease.-My first interest rate adjustment
will be limited to .......z'~~ g(,. My interest rate adjustments thereafter will be limited to ....,.1~QQ Over the
term of m loan m interest fate will never cxceed 13.00,,, g~,,
y , y
The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the
principal I am ex,pected to awe on the Change Date in substantiaUy equal paryments hy the maturity date at my new interest
rate. The result of this calculation will be the new amount of my monthly payment.
N) Effective Date of Chaages
My new interest rate witt become effective on each Ct~ange ~Uate. I will pay the amount of my new monthly payment
beginning on the frst monthly payment date after the Change Date until the amount of my monthly payment changes again.
GP HOME ADJLiSTABLE RATE MORI'GA+GE RIDdt - frR~?sURY INDEX - 3is~e)
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