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�. .�.�:.�.:�..��.�.� - - _.�._:�,�:...:'`":'��_�.:_ - =. ---.�:«�,;;�:�._:.,..,----------- ,,- � - �. • -----.,..,�,,.=�,��.:.. — - ��a�c�r�.�.---- 11pPIN 001-AD50i006 r ADJUSTABLE RATE RI1�F,R ��,,,. �r��,� TF�IS AD]USTAaLE RATB RtDBR i�tn�dc this zaT day of ��E , 19�e ,and is incorporatod inw md�haU ba doemed ta�wnend�nd 9uppletnent tho Mort��.Deod ot Tn�.4t or SecuXiry�cod(tbe"Socurity in�erumer►t"}of�ho s�ne date givcn by tho undaralgncxi (tho "Borrowcr")ta sccuns Bcxmwer's Adjutts�bla Rate Notc(the MN�„�� NOMS FSDgRAL 3AVIN(i8 0 LOAN ASSOCIATION OF C�RAND I3LAIJD (�M"L�kr")af�he�rtx d.u��!a�vuing tho propaty dexribod in the Sec�uity Instrument�ctid lacaad at; 616 IVY HALL PLACS ' ORAND T9LAND, lTBBR1I.SlCA 68801 [Propeny Addrou) TEIIS NOTE CONTMVS 1'ROVISIONS ALLOWING FOR CNANGES IN MY ITK7'BRL�ST AATE AND MY MONTHLY PAYMENT. INCREAS�'S IN THE INTERFST RATL WII.I. ItESULT IN Hx(ikICIsR AAYMENTS. DECRF.ASES IN THE INTERFSf RATE WILL ilESULT IN LOWER PAYMENTS. ADDITI�NAI.COVENANT9. Tn rdditbn to tho covenanu and a�cunenu m#do in the Security Insauma�t, Barower snd T�a►dar fwyh�sr covcnant and eg[oe av foUows: A,IN7'EREST RATE AND MONTHLY PAYT�AENT CHANGES 'I1in Not�e provides for an initial interest rato of 6.5 D 0 g6. 'ii�e Nol�s pRavi�des for ctwnges in tho interas!rate and the monthiY PoY��as folbws: 4,IN'1'F:REST RATE AND MONTHLY PAXMENT CHANGES , (A)CbrluQe Data , , 'I1�e in�ntc I will p�y may ch�nge on tt►o Cirst day of �$ � , 1�yy ,and on tiut day �,�, izTFt month th�aft,er.P,ach datc on which.my intorest rabo oauld ah•ango ix call:d a"Chr�o Deto." iu��rw.r...1.. ' ' •--• ---- . Begin��ing with the flrst Change Daie.my intaese tate will be baaec!on ao�ijdwc.l'tie,"Inckx"is: . � '� THS WBBICLY AVSRAGE YIBLD QN UNITSA STAT$S T128A9UR�' SBCURI�'7B& ADJLTSTaD'TO A '•i � CONSTA�IT MATURITY 08 1 YEAR, AS MADE AVAILABLE HY 'T'i�E FEDERAL RSSERVE HOARD. ,� . . ' 'Itie moet noa►t Index figure av�ilabk es of the date: � AS dtyca � . befae eaeh Chmge Date is c+�llod dia".C�mnt Indwc." If the L�dex u no bnga avaiil�bie,the Note Hoidex will rho�ise a new indax that ia baxd upon oompvabk infoa►�a�ion. The Note Ho1da will giva me nodce of thv choice. . . (C)Cakal�tio�ot C6ansee � ,• �. � Befae ach Chwnge Daie.the Note Hokla will ca{culate my t�w inoacrRt rar�e by�dding �rwo arm oxs xwF Perc�nmg�puiae(s) i a.soo 96)oo�he Curra►c Ir�dex. The Note Hoidec will thai round tt►e r:sc�l[of this addition w t�i �Nc�rest � Ncact Highest [�Next Lowest a+s siaHrx ( .lzs �), Subject oo the timits stxud in Soction 4(D)bebw,this roundod�mount��will be my new in0u�,a rate until the next C'iu�►ge Date. 'i'he Nae HoWer will U�a�detamine d�e amoiu�c of 1Rie moinhtY payma�c►Iwc wouW be suff'�c a rep.r ttn�ro�id Principnl ttut I am expec�ed to owe at the CNange Dtue in full an 1he m�puiry date u my new intenat r�Ie in s�bo#�tiidtY Wud P�Yma�ts.The resuit of this calcolatlon will be the new a�nouat of my monthlY 1�Y�G (D)Limks oo Interest Wte Chae=es ase chtck appropriau boxes;ff no box is checked,thtlE will be n0 MIaXUMwn�Gni!on ChaAglJ.) (1)'I11�txe will be no muimwn llmit on inlae.st r�te changes. xx (2)'I1�e inta�st rale I am requirod W pry at tho first Chango Dato will not be graaa Ihan 8.50o gb �.� 4.500 96, � Ixx I(3)Mv Intrrest ra�o will never be incrcased or decreaaed on any singk Change Date by more Ihan — TWO PERCBNT perca►wsa Poinc(s) ( z.o00 �,� trom u,e rate of' tarst I heve boa�paying for tho precalin$periad• �(4)My inba�est ral�e wlll nover be gnatet Ilwn i1.500 96.which is c;alled the"M�ci�mum Ral�e." TFi� "MINIMUM RAT&" HIT.L NSV6R HE LBSS THAN 4.500f. MULTI�TATE ADJUSTABLE RATE RID�R-51np1�F�mlly � nw.,n�: �•�MA(M40�) VMP Md1iT0A0E FORY�•(��){2t.72�1 �nNi�l�: