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<br /> - ` `, i„ � � APPLA 001-7032�037 y,
<br /> `���� . ADJtJ�°��'•RI.F RAT� RI�ER 97- 1��45
<br /> .� THIS ADJU5'tAtiLE RATfr RIDER is m�cta rh:8 21ST �y Q{ APRIL , 1997 ,g�d jy �'
<br /> ' • incorporated inrn and shnll b�s d:cmctl to mm�nd end supplemcnt thc Mortf;aRc,Dccd of Trust or Securiry L�eca.�(thc"Sccurity �
<br /> . . r '�� InstrumenC') of the same dara g6vcn by tha uncturBianed(the"aorrower")t� sccurc Borrower's Adjustable Rutc Notc(thc �.
<br /> " "Notc")to �
<br /> �•„,:�w»+�'r� t IiOMG F81'1FsRX�L SAVINC�S & LOAN ASSOCIATION OF (3RAND IS`��AND =
<br /> .t�..«�; -
<br /> (the"Lender")of the same d�tu:n�.d coverinB t1i�prc�xx:ny describecl in the Securiry Insuument and located a� _
<br /> 4607 TAR1# PLFLC6
<br /> eRAND ISI��+,47D, NF3BRA.&KA 6d801 �.
<br /> (Propnny AddnuJ
<br /> THIS I�TOTE CONTAPN4 PElOVIS�mN� �LLOWITVG FOR CNANGES IN N!Y INTEREST RA�'E AND MY ;;`
<br />= ..,,�.;'.`.� MONTHI.Y PAYMENT. 1TdC�IG�ASES IN 'i'�lE INTEREST RA7 E �VILL RE5UI.T YN E�GDiER PAYMENTS. '�'
<br /> �� DECREASES IN THE INT�R�:ST RATE W[d,�,RESUI.T IId LOV1�R PAYMENTS. _
<br /> � :�:
<br /> ADDITTONAL COVG}MAIVTS. In adcpdon to the covenan�s and agreements made in Ihe Security Inslrumer�t,
<br /> � � Borrower and Lender further cov�nant end eBrec as follows:
<br /> ;�:�1
<br />����`��:�.��• _ � A.INTERES'A'RAT�AND V1f�NTtIlIl.X I'AYIi�EN'P CHANGES
<br /> �>, ;
<br /> � '' ` 'Rie Note pnovides for au� inituel ;nu;resi rate of 7.500 9F,. The Note pmvides for changas L*� the
<br /> • ;�<':. G'
<br /> �.�,.:.::. interest rate and the monthiy�►3yrrnents,na fRllotivs:
<br /> i�i 1?,r��`. ;', .
<br /> ';;i11;,,;;'" 4.IlV'fEREST RATE AND WQQ+laIT43LY I"t#Y1�+SSNT�HANGES
<br /> ��;. •V� ,
<br /> �.+�':.� . `- _ (:��b�::s° :"t«.
<br />:�,;K i.; '�� �
<br />'����'"'-'�� 'Ihe intemst ratc I will�a.p may chanaa an Uie Cust day of ocTOS�R , 2 000 ,end on thet day -
<br /> x�, .-y.,:
<br /> A�!tr>,��';�• � ��eryr 12TH month tt�rdc{flu.F.�ch dau�c�which my interest rate could change is calied a"Chenge Uats."
<br /> --�,hw;s�: ..
<br />��"��� � �' �� (B)T6eindex
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<br /> - ;,,i.`�.�.
<br />---:;:;;1:i-.:'�:-
<br /> >-:;�`��,� Beginning with the fust�ha�ge DAUS,my lntcrest rate wAll be based on an Indeac.The"Index"is:
<br />_�4it":}� .� � TH6 WEEKLY AVSRAQE Y�BLD OIJ UtYZT�D 9TATES 'PRfiAST]RY SBCURITE3 ADJU9TED TO A
<br /> """'�"''''""y.'�(•"°,. CON3TANT MATURITY dP 1 YEAR, A� MF►DE AVAILABLB BY Z'HB FEDERAL RESER7E SOARD.
<br /> .Y f �+ s
<br /> _v':^Y
<br /> -��r����� 'Ihe mos2 recent Index tigrarc availnblu as of thc date: 0 45 days ❑
<br /> -��:�s'� � . before each Change Date is cs�t3:d the"Cuirent Gtdex."
<br /> -�Y�';;;, � If the Index is no longcr asr�ilabit,U�a Nobs Holder will choose a new index that is bascd u,pon wmparabk information.
<br />— ����� ' 'Itie Note Holder wW give me nai�ce mg thifl chair,e.
<br /> .�
<br /> --��� (C)Cakal�tion of Chaag¢r�
<br /> _:a-w:.���, Bcf�ze c;ach Chengc Date,t�i+e Nn�ic FIcrldar will calculate my new interest rate by adding _
<br /> � .;F:;c.;. TWO ANTD THREE QUARTEFt� pCrcentagC point(s)( 2.750 9E) to the Currcnt Index.
<br /> -,�;��;:« � Tl�e Note Holder will then round�l,erosult�f d�is addiaon to the 0 Ncarest � Next Highest �Neat Lowest
<br /> -_,i.'?r.t�.hi. .� ONB EI(iHTH ( .125 ��,
<br /> :.^.�_;;: .. —
<br /> - Subjact to the limits stuted in Secdon 4(Dy below,this roundcd amount will be my new interest rate until the next Change
<br /> - - �i� Date.
<br /> -��� '-- . 'Ihc Node Holdcr wiU thcn cl�tercnina dic nmount of the monthly payment that would be suf�cicnt to repay the unpaid =
<br /> , •• nrincioal thot I am eaaectetl to o�v��ni Uie Cluu�ge naie in f�ll on the maWrity date at my new interest rate in substantially
<br /> " � � equal payments.'R�e result of�his raleulsitian will bc tfiie c�aw amount of rny monthly paymen�
<br /> - (D)Limits on Interest Rete Chauges -
<br /> � �• Please chtck app�oprtate bous: if no Gox is checked,eAert tivill be no rnaximum limit on changes.) _
<br /> (1)There will bc no maxirnuni Ihnit on intemst ratc changes.
<br />�,y:�..�"���' . � (2)Tho intcr�t ratc I am roqnucd w pay at thc firsc Change Date wi1D�oi bc greater than 9.5 0 0 qo [
<br /> — ...�.�e.. � �nn at �
<br /> _-_ = ......w...o.. -•--- ti� �
<br /> _ � �(3)My interest rata will ne�r bo uxreased or dccreased on any single Change Date by more than �
<br /> TWO PERCENT percentege point(s) ( 2.000 96) frpm d1C :
<br /> . ratc of mtcrosc i have baeii paying for iS�e pr�rdir�g period.
<br /> . �(4)My intcrest rate will ncvcr bc greatcr than 12.5 0 0 �,,which is called the"Maximum Ratc.,'
<br /> THE "MINIM[fit RATB' WILL NEVER BE LfiSS THAN 5.SOOfk.
<br /> ' MU6TISTATE ADJUSTABLE RATEAIDCR- Singla Femlly . 0l9�
<br /> P�Q�t o12
<br /> �•I��AIOtOSI :�!�n�.ncrnAdE FORIA6•1800162t.720f .� ini�iait: .
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