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Notke oi C~
The Notc Holder will mail or deliver to me a notice before each Change Date. This notice will advisc me of:
(i) the new interest rate on my loan as of the Change Date;
(ii) the amount of my monthly payment following the Change Date;
(iii) arry additiarutl matters which the Note Holder is req~aircd to disciose; and
. (iv) the title and telephone number of a peeson who will answer any questions I may have regarding the notice.
B. LOAN CHARGFS
It could be thac the loan secured by the Securiry Instrument is subject to a Iaw which sets maximum loan charges and
that law is interpreted so that the intemst or other loan charges collected or to be collected in connection with the loan w~nuld
exceed permitted limits. If this is the case, then: (A) any such charge shall be ~educed by the amount necessary to reduce
the charge to the permitted limit; and (B) any sums already collected from Borrvuver which eueeded permitted limits wiU
be r+efunded to Bor~rnver. Lender may choase to make this refund by reducing the principal oweti under the Note ar by making
a dir~ct payment to Borrawer.
C. PRIOR LIENS
If Lender determines that alt or any part of the sums by this Security Instrument are subject to a lien which has prioriry
over this Security Instrument, Lender may send Bormuver a notice identifying that lien. Borrawer shall promFtly act with
regard to that lien as pmvided in pacagraph 4 of the Securiry Instrument or shall promptly secure an agreement in a form
satisfactory to I.~nder subotdinating that lien to this Security Instrument.
A TRANSFER OF 'T~ PROPERTY
If there is a ttansfer of the Property subject to paragraph 17 of the Security Instrument, Lender may require (1) an in-
crease in the current Note interest rate, or (2) an increase in (or remaval o~ the limit on the arnount of arry one interest rate
change (if there is a limit), or (3) a change in the Base Indez figure, or all of these, as a condition of I.ender's waiving the
option to accelerate as provided in paragraph 17.
E. GUVERMNG LAW
The Note and Security Instrument are to be construed and enforced in accordance with the laws of the State of Florida
; and the !aw and regulations of the United States of America. In the event of conflict between Florida law and the laws and
regulations of the United States of America, then in such event the law and regulations of the United States of America shall gavern.
By signing this, Borrower agrees to all of the above.
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PREPARED BY: -
Douglas E. Gor.ano, Es4•
1G04 S. Federai H~ry. Ste. 200
Fort Pierce, FL 33450
(305) 464•1032 ~
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