|
.""'� . , . ,._-�.:�.-��n;,_ __; ,_:,�"_"
<br /> � � 1 � A�,.i.�n... •�
<br /> .
<br /> .�1� �.l�'VN�fMM4a.
<br /> I . "_."""...
<br /> e •
<br /> � . �I'�7� �� , —
<br /> . � _;(f�
<br /> �•�. � - .. .. ,�- ...��.c .d A 3 '�°�''�� -
<br /> e— _:����� - -- - TQ);,�� ' —.��:.7" ,r .-��°- _ —_.
<br /> � � �yy-`p�rsn�avavt�ev - _. - :-._". .:
<br />---- �mr.s;rra..`... �.."'S`.�::�e%�wr.sr�ws�w�+�w.gffi��,_��rtmrn;�,�^� -- -�-
<br /> �,,. •.--- - - -- ..�..
<br /> -...... _arysln^'�?'F,'.::..:,,.J':i.Lf.:- .p»-r�ar+';r^�'�':�a�s+.n+R° - "'�'• ;r ._.`+.tr..:...----------
<br /> ���:I;:.:l�.'\ �•� .._I- .�.�i:-_. L`I:�:�•li'.tL`^."
<br /> �wavwabn��`1E1Bi911��LG�' _ .niisrir-it��Wi;°^`�;;���- -_-_ -- _
<br /> 9T— �o4U��
<br /> constaat m�turlty of one ycar� as made available by the �ederal Reserve Iiu�rd. "Currcnt
<br /> Indcx" mcans tho maat rcc.�nt Index �gure availablC 3A duys befarc thG Cbange Datc. If
<br /> the Indcx (afi dPfined abave) ls no longer availables I.Gnder �rip uso as a ncw Indea any
<br /> indcx prescrll�ccf Uy tlu Sccretary. As used in this Riderf "Sccmtary mexns the Secretary of
<br /> Hou�iag and Urban Development ax his or her designee." I.,ender will give Borrower
<br /> natice of�he new Indcx.
<br /> (C) Calculatlo� of Int�Rxt�Ch�es
<br /> Before each Cl�ange Date, Lend�r will calcul3te a new intertst rate by adding a margin
<br /> of z'MO � �1sv�-stos�'ss percantage gaiat(s)
<br /> ( �t .875 %) to the Current Jndex and rounding d�e sum to tht nearest
<br /> cr.r�-eigUth af one percentage point(0.12596). Sub�ect w the luuits stated in paragraph�D)
<br /> crf t�ni�Rider, this rounded ainount will be the new interest rate until the ncxt Change Date.
<br /> QD) Limits on Interat Rpte Clwnges
<br /> Tt,e existing interest rate will never increase ar decrease by more than one percentage
<br /> point (1.0�) on aay singla Changa Date. 'fhe interest rate will never be more than flve
<br /> percentage points(5.0`K)l�igher or lower t�an the initial interest rate, as stated in Paragraph
<br /> 2 of the Note.
<br /> /!1\ /Y_1__t_a�___ IT__'-__ /9L____
<br /> �r,� �.�ua:uutuvu ui rxyau�ni�.uxo�c
<br /> If We intereat rate ch�anges on a (:ba,uge �ate, Lender will calcuLau the �mount of
<br /> montbly paym�rent of priacipal and interest which would be aecessary ta repay the unpaid
<br /> principal balance in full at tha Maturlty Date at tha ncw intereat rate dtrough substanually
<br /> �t}�ayments. In rnaking such calculation, Lender will use the unpaid pnacipal balAncx
<br /> w ,rc3M would be owed on�Changc Date if there h�d bxn no ckfault ia paym�nt on the
<br /> No��;rtdu+oe�d!�n�t the amount of aay prepayments w principal. The result of this calculation -
<br /> will be the anravint of the new monthly payment of principaii and intereat.
<br /> (F�PToda of Changes
<br /> �.ender will give notic� w Bonrower of any change in the interest rat� and monthly
<br /> p�y�aent amou�t. The ta�3�oe must bt given a+i R�ast ZS days befora t�� new monthly
<br /> pnYment amount is¢ue, and must set forth (i) the datt nf tht nodce, (ii) tha Change Aate�
<br /> (iii) the old inttir�c:�t eate, (iv) tho nee�interest rxte� (v) tha:neev monthly gayment aunc►uut,
<br /> , (vi) tbe �urrent 1�dex and the clatc i¢ was published, (vii) the method of calculatlug the
<br /> changa Ia monthly pay.r�e:n3 amount, aud (viii) anp other information which may ba
<br /> requued by law frorn tim.e¢o.tfine.
<br /> (G) Ettective D�of�G`hanges
<br /> � A new inttrest rate calculat,ed in� accordance with paragraphs (C)and(Q)of thts Rider
<br /> will become ef.ifective on the C�e Date. Borrower shall make a payment in the new
<br /> m�r�ttily amount bcgina�i�g on the ust payment date whlch occurs a; Seast 25 days aft,�r
<br /> Lc�nelet has given B�novy�r 1he notice af changes required by garagrar,'i�i r{� of this Rider.
<br /> �6l1U�NOS►,oc v,y.z.r� waw,,.,���,.,..,�,�
<br /> t '
<br /> _ � _, --- - ----
<br /> �. . � . . . . ,� ,�,t �,�,,�, .
<br /> � �tiM� G`�'�r��.r� ., . ..,._ ,� .'r �w :�' �''t•_'t
<br /> _° i..t�.^�t�'+� _ ' . ��r� .
<br /> ��-�¢r�r �..Y -,,.J+�,.,, . . :.},f -i �'���4L �f �
<br /> _ • t .. ���,
<br /> :
<br /> . �
<br /> . +: .
<br /> '.#
<br /> r �
<br /> 1 a�n��� ,� �,��+
<br /> --w�er�r.� S' � .. .+� tt Y• r` ' i � —
<br /> '�.Fl.�'7`�`.,, � _ . r r.'�i t �_ �1i'cl�':.;ry; -• ' _
<br /> �_ _ w/r.ft'sl'��y�.q���rn�if'�I ,,.7. �i�7 J'•".� t � 'T �i�A�(r 7if:.`.�w:; ��r: � . ......._._.
<br /> - � �.u,���'��.�,'�FF�:,r�g,��.. :, ,.qq•-�•:��./, i � c �� .. _ . _
<br /> �.�1�• 4'�' Jx N e - .Z 'Yl.�`,'�� � � �� R`lL
<br /> .�rvrn��, �7.���:�i�t�,i� a� fr . s,+�-jy� '�. � `��� .r;s ,��y_
<br /> -_:x�..�€3,vti!:`+4 ,`�..{ `•+:F:�;n.+u.. . . _ - ��' ,r �{��t_�.-r.t��itr-r. -�.
<br /> a4p,ax_�r 'r; ;i..;f;,., +,{,v�! . r7jSr;r,. � *r'i ti .�.k,• .. , :•. .�, '{y{,r t `'t �rm
<br /> .hl[RYS.�i� 1 �'f,•1� wih!M.� :y k_tr .rtt ..` .+�'��^ iA.-.�E�QIt I q ��w� `_�
<br /> _ .. I�J • -..
<br /> ._.
<br /> - • .. `�
<br /> .._.._. ... .
<br /> -°- - '� ' �.�•:i': •�ts� �'i�' �f`�'r" ---
<br /> i�. (, � . 't '.4Y!� :{'�. �c..�.?r L ._r�.r �!. ''��h. •i1. '.'-.
<br /> "'�t.+z:�lll.�f° f�� �11'l.w��.«�� y,.t. .���_�.f t. �� � � �� �Y';�ll�`� _- - _ --__— '� _-
<br /> . .. .:fo � ��:.�•
<br /> �lXf. v��{� .r. ----
<br /> e. _ •r
<br /> tt� -
<br /> � �������"ei?6�' {�' � t� ` �t Lj�` _ �. �.
<br /> u ,; � °�.�,�i.. �-
<br /> auT~►.e";a�C:3.`#'•�i`����� ' �•'a.' g r,j��.�� a#S �t�!. �, - —
<br /> ��_ r� .�Y� ,� v^f .i f�:. .�:'a- �� .1 . 'p{.' .� ,f-4',. .1'�:�_- ru Y�iR.f��x-
<br /> , r � Y �., ,,, a�+'a�qyrJ��,� 3_
<br /> ��'a' 'RC. J . . . � _ �'�'`Y..^Yl `.��pt� _ _ �L ttiR��1l 1_'
<br /> ��w-r. .. ..�. . . .. ...��a�J�l .��L_L_.0.. .. _..�..... . , _ � . � .��rS.��'.v.�i�r — bp�.,.��,.
<br />
|