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~ ~ , . . ADJUSTABLE RA'TE RIDER ~
. {i Yett In~ - Perfodta sa313fa Interat Rasa Gps?
~ ~txts ~?untsr~LB tu~ RwsR u m.a. m~. 31B7b.r ~t DBCSMS $R .~9 86 ,
~nd i~ inoorpoat~ed iato ~ dWi be dean+ed to ~mend aad apptameat cM Mo~tpje. Deed ot 1lrust or Seauity Deed (~he "secvri~y
Inannavat") otdw ame d~tt glvea by Wa uadetd~oed Na"Bos~o~rot') b kaa~s Barrawcrt Adju~tabk Rue Note (the "Nata'~ w
GDV FINANCIAL CORPORATION, A FLORIDA CORPORATION
phe "I.~aaa~ a me wna d~te .nd coe?aiag W. propeny aacn'bea in We sea,rity tn~qumea aod ~«aced u:
1632 SE GR$EN ACRTsS CIRCL$ X202, PORT ST. LUCIE, FL 33452
(~+~Y Ad~eu)
- THIS NOTE CONTAINS PROVISIONS ALLOWIl~IG FOR CHANGES IN THE
INTEREST RATE AND THE MONTHLY PAYMENT.
Addlday! Coveauts. Ia sdditioa to t6e oorenantc aAd apeemeott rn~da in tbe Searity In~wment, BoROwer a~ Lender funher
coveoant and agroe u follc~wt: ~
A. D~PI`EREST RATE AND ~~'~riar.v ~~v~~~ ~?~•_*~r~~. -
.
7t~e Nata provida tar as Iaitial Inumu Rue at 9. 2 596. 1be Note p~ovidet tor changet ia the intereu rate and th~ moothly PvY~u.
~ idlows:
INTBRESI' RATE AND MONf~.Y PAYMENf CHANGES; BORROWER'S RIGHT TO LIMIT PAYMENf
(A) Cfiaa=e D~ter '
71ia ietenst nte I will pty may change ou the fit~t day of JAN UA RY ~ .19 and on that day every 12th
montb ~hetafter. E~ date oa vvhkb my interost rue could chioga it called a"Qiange Date".
(B) The Iadez
Beginning writh the Tirat Qiaogo Dste. my inte~ rue will ba b~sed on an lndex. '!be "Index" it We weekl y avenge yield on United
States lteswry ~oauities adjusted to a coeqant m~rity of 1 ytar, as mide availabk by tha Federal Resuve Boud. 7Le moa recent Index
flgura avail~ble u ot the date 4S dayt befora eacb (~ange Date i~ ulled the "A?nent Index".
If the Indax it ao longer arailable. t6e Note Holder will choae a aaw index wtich i~ ~~sed upon companble iafomsation. 'ILe Note
Holder wiU giva me notloe of tAL c6oice.
(C~ CaitWi?Hun otC'~ao~a
Beforo ~h Chaaga DKs. tha Note Holder will cakulata my eew iatentt rata by adding 2 5 peraotage
P~u ( 3. 2 5 96) to the C~rreat Index. '[ba Note Hober will t6ea round Wa realt ot mia addition w tt~e nea~ett one.eigt~h of aoe
percedage poiet (0.12SXr). 'Ibit raunded ~mount will be my ne~v interast ~ate uat~ d~e next Cl~n~e Dua
Hc~rever. my iateieu nte dW t nerer be ina~e~sed a deaesied on anY ~8~ ~8~ due by more tlun 2. ~ ~
P~~sa v~ c 2. 0 0~,) nom tbe r~te d ine«at I haa eeen p~rna ~~r P~a ~ u~e chu+ge aaee~ .na my nte d i~ter~c ~hau
neva incrate or decrease by mwe tMa 5. 0 0 perceatsge poiols ( 5 ~ O~AG) from We Ia[tial Iale~est R=le ovt~ ihe tetm of the
Nate.
'Ibe Note HoWer will then determine 11w amouat d tDt monWiy payment thst waiW be wfficient to repay the unpaid principai thu I
un ea~pectad W o~re at tha t~nge D~ta in fuli an t~ ss~uity my i~~~ r!s is ~s~:~~t v~,t .,.y~u:. rs-n:t ~f ~k~:
. r-
akuWion wn71 be the new amount ol my moathiy Qsyme~.,
B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTERFST IN BORROWER.
Unifom Covenaet 17 of tl~e Secu~ity Insuumeat it amended w tead u fdlowt:
Tnedar ot the Propat~ or a Beedldal Iaterest in Borrowar. U aU or any pait of ti~e Propeny or any intereat in it i: sold or
tranafeired (ar if a beuefiaa! intaat ie Bonawa it wid or tRaderred and Bortuwer u not a naw~al pe~soo) without Lender's prior wriaeo
oonseay Lender may. as its optioe, teqtrire immediate p~yment in fuli of aU wm~ sxuced by thi: Security In~tnttne~. Havever. this option -
ihall oot be exe~ised by Lender d ea[ct~ate is prubibited by fedetal iaw u of the date of t6is Sscurity In~t Lender slw ahall aot exercise
thit option d: (s) Ba~rorver cautes w be abmittcd W Lender infa~dan nquind by Lender w avalwte the intended tranderce as if a new lova
wue bcing m~de w ttie traaduee; and (b) Leoder teaeombly detetminet tiut L,eadet't sea~tity wiU mt be impairad by the lo~a aswmption and
rhac ~he rist of a brach d a~r omranane or agroemao~ i~ ~his Sa~uicy In~tcuaieot u scapubla a L.enaer.
To the eacteat penniued by appticaWa law~ Leader m~y c~arge a reasonsbk fea ~s a ooadition w Lendu'~ oonsed to the loan
j sssumption. I.e~ee mar alw t~equiro the Uandena to dgn an asamoption agreemeat that is soceptable W Len4er and Wat obligatea the
i tnnsferee W teep all the promiset and agreanc~ made in the Note and in tbu Soauity 1gsUUmeaL Barower wi11 oontiaue to be obligated
uader We DWte aad tbi: Secutity lnrtnunent udea I.ender rdases Barower in wridy.
~ If Lender exerdas ths option w requue immediate psyme~ in fuli, Lender ~h~ll give Bonower notice M sccelention. 'Ihe notia
~ sDall provide a period d nat kst than 30 dayt from the date the natia u delivered a mailed within wtuch the Borrower muat pay all auns
~ s~red by this Savtity Iewumeot. If Bortowa tW~ to pay thsae aaat priot to the racpiradon of this paiod. Lender m~y iavote any mmediu
permiuod by thi~ Sauriry In~Uumeat without fuither eotice or Qemond on Borto~rer.
BY SIGN[NG BELOW~ Bonow~er sccepu and =gree,~ W tLe teima and covwa~t contained in thia Mjusnble Rate Rider.
Wimett the daad(~) and ~eal(~) d the ~mdasigncd.
% .
" • (Saq
• . _ga„a,,,u MARY L AANSLIK -sorruwer
-Bo~rawer -Bortower
(Sige Ori;i~nl Onlyj
MULTLSTATE ADJ[ISTABLE RATE RIDEA - l Yar'l~nwq Iod~ - Singk Family - FNMM~'HLMC Uniform Irotrumcnt
1540L6T 6/8d PR
~0531 Pd6~0997
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