The URL can be used to link to this page

Home My WebLink About0945 - . , . ~ - ( - . . . _ _ . - - #220G1368 ~ ' ~ ~ ' ; , I ~ ~ . ~ AD~IJST~BI.,E RATE ~.,OAN ItIDE~ ~VOTICE: THE SF.CURI~'Y 1NSTRUMENT SECURFS A NOTE VYHICH CON~'AIiVS , _ A PitQVIS10N ALLUWING FOR CHANGFS IN THB INTEI~~:ST R~~'F= ~ CR~ASFS 1N THE INTERFST~RATE WIi.L KH:.~iiJ1;1' 1~V HIC:HF.R PAYMENTS. ; DECREASES IN THE lNTER~ST RA'TE WILL ItFSUI.'T IN LOWER PAYMENTS. - This Ride~ is made this . . . . . . . day of : . . . . . . . . . . . . . . . . . 19. . . , and is incorporated into and shall ~ be deemed to amend and supplement the Mortgage, Deed of Trust, er Deed to Secure Debt (the "Security Instru- ment") of the saene date given by the undersigned (the "Horrower") to secure Borrower's Note to . . . . . . . . . . . . . . . . . f , , ,~IT74~~15 ,k'~QEIjl~~,, iS~VIti(iS AND, LO1~N, ASSOCIIITION OF ,ST; , LUCIE~ COUNTY . . . . . . . . . . . . . (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and ; located at . . .1~~ .~mblin Kli;ng, Ra:~d ~ , , , , , , , Fort, Pierce~. . . . . . . . , . .Florida 33450 ; ; ~ P~operty Address ~ . _ ~ Modlfic~tions. In addition to the covenants and agreements made in the Security Instrument, Borrawer and . 4 Lender further covenant and agree as follows: - . ? ; A. INTEREST RATE AND MONTi~iLY PAYMENT CHANGES ~ ~ j The Mate has an "Initial ;nterest Rate" of' 13 • 2~'l0. Tfie Notc interest rate may be increased or decreased on the ~ ~ ..~st day of the snonth beginning on ......September ,,,1 ~ 19. .~3 . and on that day of the mont:i every ~ . . . ~ ~ , months thereafter. ~ ~ ' Changes in the interest rate are governed by changes in an interest rate index called the "Ind~x". The index is trse: . [Check one box ro indica~e Index.j ~ ~(1) "Contract In~erest Rate, Purchas~ of Previously Occupied Hames, Nationa! Average for all Major Types of Lenders" publish~~l by the Federal Home Loan Bahk B~ard. (2) O• ~ [Check or.e box to rndicate whelher ~he~e is an~ maximum limit on chonges in lhe inle~est rale c: euch Change Da~e; ijno Dox is checked lhere will bt no maximum limi~ on changes.] ~ ~ i ~ (1) ~~There is no maximum limit on chanKes in th~ interest rate at any Change Date: ~ (2) ? T~e interest rate cannot be changed by more than percentage paints at any Change Date. ~ . If tlie interest rate changes, the amount ~f Borrower's monthly paymenls witl change ar provided in the Note. In- 3 ~ creases in the interest rate will result in higher payments. Decreases in the interest rate will result in tower payments. ~ B. LOAN CHARGFS ~ It could be that the loan secured by the Security Iristrument is subject to a law wnich sets max~mum toan charges and that law is interpreted co that the interest or other laan charges collected or to be.collecCed in connection with the ~ loan would exceed permitted limits. fi this is the case, then: (A) any such loan charge shatl be reduceci by the amount necessary to reduce the charge to the pernnitted limir, and (B) any sums already cotlected from 8arrower which exceed- ed permitted limits wiil be refunded to Bo~ rower. Lender may choo5e to make this refund t~y reducing the princinal ~ ~ owed under che Note or by making a direct payment ro Borrower. . ; C. PRIOR LIENS ~ ~ ~ If Lender determines Ihat all~or any part of the ~ur:~~ s~:.~:~~ h; r~::s c~ca;;.y ~isirument are subjecT to a lien - which has priority over this Security Instrument, Lender may. send Borrower a notice identifying that lien. Borrower ~ sha14 promptly act witfi regard to that lien as provided in paragraph 4 of the Security Instrumen, or sliall promptly ~ ~ecure an agreement in a form satisfactory to Lendei subo~dinating that lien to this Security tnstrument. • ~ - D. TR~:NSFER OF THE PROPERTY ~ ~ ~ If there is a transfer of the Property subj~ct to qaragraph 17 of the Securiry Instrument, Lender m?; :~y~~i~~ ~l} ~ ~ an increase in the current Note interes~ rate; or (2) an increase in (or remova! on the limit ~n the amount of any one in- , . terest rat~ change (if there is a limit), or (3) a change in the Base Index figure, or all of these, as a condition of Lender's . ; waiving the option to accelerat~ provided in paragraph l7. ~ By signing this, Borrower agrees to aii o; i;~c a~:,.e. . . f G 3? ~ . . . ~"~~~~-t... . . - - . . . . . . s~; - , ~Y 2~ • ( ) : ? Wayne is = ~ <i . -Borrower ~ ~ ~ : c (~'!~C ::'t. : , , _ .f , _ ' ;;.:'C ~;y•<<: • _ , - ~~~~rf~~~v~~ t.i~.•i'~ ~ ? - ~~r-~ ~ ~ t..ri. C.t'r.CL . . . . . . . . . . . . . . Y''. . . . . . . . . . ($Ca~) : ~ ~ . . ~ Tru i Davis ~ - - ~ . S 1'f _ ~'S ' - . --~SORAy+n ~ . " . 5~~~ . - - . - . _ ~ - ~ ~ ~ ~ ~ ~ ~ . . . ~ ~ _ ~ , ~ . • IJ mort rhan one Sox is chec'ked or iJ no box is ch~ckeA, and Lender ond Borrow~r do nol orher»•ise agret in wrilrng, th.e frnl /nd~x namtd rrill apply. ~ AD.IU~T~4LE RA3E LOAW HfDER--6!81-FHIMC UNIFORM IHSTRUMENT ~ - ~ 3`7`~ P~~ ~ 945 ~~~5~ g«,8y _ - w ~ . _ . . ~ . . _ _