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<br />: , �:� . : �JU�TABLE Y�TE ��It � ���:r-.
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<br /> 10'�H day of • JUNB • , • ��`
<br /> . �� �"'} ' ADNSTABLE RA3'E BID�[t is ma�e tlris ,• .
<br /> ,: , 19� �n�o andk shaU.Ue de�ed to a�na and suPPle.�nt the Mortgage,De� of E-
<br /> .and is inoorpor�ed � • of the same date by the undersigned(the"8otr4ater°?to �`,.
<br /> � .. 't'tust or SewritY 37e�d(the "Se�itS►Iast�unaeut) S►�+�° � -
<br /> �. �..,: � th Botrowg�;s__AdJusta6la Rate Note(the'Note")w —
<br /> -,�=-�� . ' ��tq61e Bsiie�s an�l Loaa dssoaiation ai Graad.IslanB. Gebraa6a, A Yederit Savings 6an� _
<br /> - � (tfie°Leader'}of the saa��te and wvering the PropeKY d�sn�ad in the Security►Iasuament and tocated at: . -
<br /> :.: � ..,..,:_
<br /> �, � 690 B�t2�x s� c�� tsr.nrin,��� 6s8�t
<br /> TME NOTE C011i'eA1N5�:�ttbtlfSlOt�S..A�-�N�l1�Q FOR t:HAiltG�:.iiit Tto� i�i'E6��ST � .
<br /> �` " : . RATE ANO THE �flOMFtLY PAYMEN�� :"� NOTE �.1M1�5e "f!� d�tl30UNT THE �
<br /> * � .
<br /> ` 6�8ROWER'S IAITEREST E�ATE CAN CFi'APtt3E AT;:� ,E]N�"'.�111��:`Ai!t6l: Tt�E
<br /> MAXIfIPdUM RATE THE BOEiROWER MUST PAY. � . =.f�,. `:, ,s.
<br /> s; . . ��S�ty� . �
<br /> . � <ADDI'�ONAL COVENMST3.In addiutnntg;the oovcn�ts and agreemeuts� ` .
<br /> � Borrowe�unA Lsnder fiuther cavenant and ag,�ec e��oltows: . , �
<br /> ,;, �
<br /> " l�•I�REST I�TI''i I�PiI�MOl�I'H�.�1t�'�Y�CH11P7fi'T�S ','n��J •
<br /> .. TM t7ate provides for en initia�ir.foas�st��of ��,87 5 � I��'�l�b�e Frovides for changes in . --
<br /> . thc interest�ate and the cc�.omhly payr��as fqIIows: .>� —
<br /> � ' ���� 4.p�'�1�1'RA'�E AND MONT�.�t:�'AYNifrNT C�ANGES � �
<br /> �„ - . .. . •_. .
<br /> ,. . `� : . _ . . . �... .
<br /> � � (A)C�Se Date� � :. , � - �.�,
<br /> . , �� TAe interest�ate I witi paY maY c�an$���the fnst day of JIILY s ; ��1Q8:::: .and on that .
<br /> " �12th month tAes+eafter.Each date on wlucbmy iaterest catecanldchang�3s:t�ied.a�:��8e�° ,
<br /> : . ��," , �►S►��Y ;r. -�'�.�..,,. . . � .
<br /> � �. , .�'_ (D)'i'helaidac � � � � ,� � � . ,
<br /> Bc�inning�vith tho flrst Change Date.mY intesest iate arill be based an.�n�dsx.Tt����'�S�;werkiy .
<br /> •:.;
<br />. ; ' _'.�; overage yield on Unttcd Sttates,Treasury seauiaes adjusted to a wnsmnt :"�mat►s�acy:af;l yeaa..�:t�tu1e,'.a�t�lable By -
<br /> . '.;� tbs Pc�eM Reservo Boar�1.'�most re�a►t index figure avaliable as of the,di�te 45 d�ys'�b����
<br /> , . � is cAfkd thc tA�rren![ndex. : � , , ,
<br /> . �: iP the lndex is no longet available.the Note�i?l�er wi11 chaose a new in�0x'`wi�tqtt is��'�'A��� . _
<br /> ' -' infomu�t{on..'I'tio Nate Hatder will give me nodc��f d�i$choice. . �
<br /> . .� ti: . . ,'.. � --
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<br /> r;�' (C)CIIliRadatlOA ut Cllan$e9 ' �
<br /> ,,�; , Before encA ChanIIe D�to.tho Note Hotder will calculate my aew incerest rate by adding � % to the Cament :
<br /> `; 'L'i�,Z3 Perceata8e point(s)t 2•0� � , �
<br /> _-_... ,;,, ttWcx. 'Che Atoto.Hatdct wil!'then rouad tr.e r�c of this addition to the neares�ono-eight4►of one peroeata8�e '.
<br /> : T..`.�. oint(0.f29`Jb).Subject ta the Um1ta st�ted in�ednon d(D)b�Iow,dus munded amnuat wiil'6e my aew inter�st ' .
<br /> .� p ,..� . , .. . . .
<br /> rate until the next Citange Date. �
<br /> The NotO Holdcr�vill then determtne�the amount of the montbly paymert a��n��.f�s�����`•�?�S!.�e .
<br /> ' ,.� ., �'.�' ,unpaid ptincipal ihat 1 um eapccted to owe at the Change:A�ia�u11 an�Ae��Date�t r��i�w�¢!�t;rate
<br /> , . ° • in subsmnti�lly eclual Paymcncs.'r'Ite result of this calcailat�an�wiU be the uecv�niunrt of s�Y.,�,�1Y,�'i�a�Tu: . .
<br /> '�. . � . .
<br /> _�- ` N)Llmfb ott�nle�t lt�ts Changa . , ,. � � � _ ' ,�:. , '
<br /> • The intcrest rnte 1 am re,quirod to Qay ut the fi�st C6nnga�ate will aot be���n � 8 $75 �
<br /> � or tess tUan 4.Oi5 5'o.'Fhereaftar,�taY+s�t�K rats w"�'�ur�rbe�nt�eased or d�r3�. _
<br /> _. � � , any sin�te Chango Date by mnte than tw4 percentage potnts(2:�)from the r�af mterest 1 have��n, :�,Pa��. , ,
<br /> . Qor the precediag twclye mortihe.My intcres�rate wt11 naver be S��� 19.875 ',��0�''- � �
<br /> ..'.� Y '. My intataat cuta �il l never be lmvrer than 4.875�. . ' > ��`�'�
<br /> � � , (�L�itactivo Dato o�Chon�c� , I will pay the amaunt of u�m�!��ac�y , .
<br /> My ncw interesti rate wU)bccamq effective mn eaeb•Chnnt�.�ate: � ,
<br /> �� ` " . payment begl�u►!ng on tho first mnmhty payat�nt,date after thn:C��►nge 1�:�.�uAW the amqn°t of cay.uiai�'t�.��i � .
<br /> , ' payment chungcs agafn. .
<br /> . . � � (C►Notlro of Chnn�es '
<br /> '-r -Y Tho�ime Huiucr tivilt dc1[ve�.or m11i!�m�r e nntice.of any chanQea ln�y.'�:es�st rate and the a�tomtasF,mY' �
<br /> ' monthiy paymcm bcfore Iho cffcctivo dete of any change.T6b natiee wii#inr�a�:i�'°�oA�'*'���w tO
<br /> be g1ven ma'and nlso tho titto nnA tcicphorro mam�r of a�parson:�vbo�w'n.l aaswer�l�e���'�'�v� �: ��:.? .
<br /> .. , ��;ng the natioo. � . . . . ,,..�:�.:,.��
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<br /> � • • �, MULTf9TATE AOJU9TA{3l8 RATB RIOEtI�ARM 0�1•Bin�fo Famfly•PanNa�+leelproddla Mao UnNorm t�nuum�a711�l85 �
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<br /> . . . . ���Z�A193a91 VfJPR19(RQn01FQiW9•1800)691JZ91 �A'h+tcdanRapdoAPdpat� .
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