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ADJUST~A,.BLE RA.TE MOR'PGAGE RIDER
NO?I'ICE:1'H~ 4FCFC1At1TY INSTRUMENT 8$Ci1R&4 A NOr!'R WH1CN iLUNTAINS A PRONI3ION ~2I21220
~ G
I+~OR CHANGF•S IN TH~ INTIREST RATS.INCREASffi IN TNE uVT~REST RATE WILL RESLILT IN HIGHER
PAYI~ DECREASE5 IN 1'HE n!~1T6RbT RATE VY1LL RES~~.T IN LO~WLR PAYMF.NTS.
This rider ia made this day of ....JanusrY......................, 19..
and ls inoorpo~ted idto aad shsll be damed and auppkmeat the Mort~ge, Deed of'tl~ust. or Deed to Socure Debt (thc "Securih'
Inatrument") of the aeme datc given by the underaignod (the "Boerower") to secut+e Borraw~er'a Note to F1rd Citt~eus FlederU
Savi~a and Loan Meoci~Hon (thc "[.,cnder") ot' the samc dat~ (tho "No~e") snd coMerin8 the pnapectY dtscribod in the ~
Security Instrumeot and iocaoal at .............136, Parli~nt, Court~ , Pt., Pierce,..Fl... ~~44~
PropcctY Addreu
ModlAcatiooa. In addition to the coNenanta and agraments made in tl~e ~urity Inawment~ Borro~w~er a~ Lender fur-
the~ caMenant ~nd agcee aa follavs:
A. IM`BRF,ST RATE AND MONTHLY PAYMENT CHANGES
The Note providea fur an initial inter~est retc of .......7 ~SQ.... Section 4 of the note provides for chang~s in the
inte~st rade and the monthly psyments~ as follaws:
4,. IN1'ERF.ST RATE AND MONTHLY PAYMF.NT CHANGES
(A?) Change Dates
The interest rate I will pay may change on the .........lst.... day of February............ 19. 8$...
and on that day of ttfe month e~nery .1z months thereafter. Each date on which my interest rate could change is called a
~.Change Date••
B) 77~e Index
Beginning with the first Change Date, my intenest ratc will be based on an "Index:' The Index is the w~eeiciy average
~ yield on United States Treasury securities adjustod to a constant maturity of ~e...... years, as made available by
the Foderal R~serva Board. Tiu most recent Index figure available as of 45 days before each Change Dste is called the "Cur-
rent Index: ' .
If the index is no longer available~ the Note I{older will choose a new index which is based upon comparable inforn~a-
tion. The Note Holder wili give me notice of its choice.
(G~ Caknls~tion of C6Anges .
- Before each Cf~nge Date, the Note Hotder will calculate my new interest rate by adding .~?4.gAS~.4n~`uae~ge
2.50... to the Current Index. The Note Hoider will then round thc result of this addition to thc nearest
one-eighth of one percentage point (0.12596). This rounded amount will be my new intercst rate until thc next Interest Change
Date. The interest rate adjustment may be in the form of a rate increase or a ratt docn~sc. My f rst interest rate adjustment
~
will be limited W........~,~Q~...96. My intec+est rate adjustments thereafter will be limited to .......~,?00...%. Over the
term of my loan, my interest rate wi[I never exceed ............1~..SA..96.
The Note Holder will then determine the amount of the monthly payment that wouid be sufficient to repay in full the
principal I am expected w awe on the Chang~ Date in substantially equal payments by the maturity date at my new interest
rate. Tht nsult of this calculation will be the ncw amount af my monthly paymcnt.
(U) FJiective Uate o[ Chs~ea .
My n~w inEerest rate will bccomc ef~ative on cach Change Date. I will pay the amount of my new monthly p~ayment
. beginning on thc first monthty Payment date after the Ci~ange Date until the amount ~ my monthly payment changes again.
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CAP HOME ADJU3I'ABLE RA7E MOit~GAGB RIAER - lTR[u?sl1RY INDEx - 3i64>
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