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<br />� � Ia11N#e 01307d397
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<br /> „ � ADJUSTABLE R�ATE RIDER ,. � 1�j��1 _r.-
<br /> � �►
<br /> ( 1 YeR�'frea�ury Index--Rde C�pyf �,� �/"' �
<br /> �� THIS An1US'fAE31.G'RATE3 RIDER i�maJe thle 3181'day of .71�Y, 1997 ,and In incorpar�tcd lnto rnd
<br /> Rhali be decmcd m Mmead�tx�du�lcment the Mat��{e,Deed of'Itiust�x Secwity Deed(tho"Scc�uity Ins�n�mcnt")of thc;�ume date
<br />_ � '. �lven by the unikt;�lancQ(the"&xn�wcY')to:�ecw+G Bormwer'�AdJt�Utblo Rato Natr,(thr."Nnte")ta
<br /> ' �11�+ !'��L !�l'inK� �A'1'!ON .
<br /> � (thc"l,crxkr")of thc namo date axxl cnvcring thc pn�perty dcsctibcd In tha Sccurity Instnimcnt and Incatcd�t: �
<br /> ..:,,��c�; 9131 M 15'PH BT, G�itAt�D ItR.i1t�D. IZ 68809 _
<br /> - I��Y Add�rM�1
<br />-.� THE NOTE CONTAINS PROVISIONS AL.LOWlN� FOR CHANOES IN TH� INTEREST RATE AND TH�
<br /> ,� MON7Hl.Y PAYMENT. THE NOT�UMtTB THE AMOUNTTHE 806iROWEi1'S INTEREST RATE CAN
<br /> CHANGE AT ANY ANE TIM�AND THE MAXIMUM RATE THE BORROWER Mtl6T PAY. �
<br /> .` ADDTT[ONAL COVENANTS.!n�ddttfon to t2ro covenunt�and�geemenbmado in the Srcudtp Inatrumc�t,Barow¢r and L�nde� K
<br /> funher covcn�nt u�d�gne u fnllows: _
<br /> A. IIV'fERES'f RATE AND MONTHLY PAYMF.IYTCHAN(3ES
<br /> ? Tho mu provide�for m initlal intcrest nto of 7.Z50 %.'Il�:Nate ptovidcs for chanacs in the interest
<br /> nte and the monthlY P�Y�nW�es follows:
<br /> 4. II�IPREST ItA'IE AND MONTHLY PAYMFNf CHAN�ES =
<br />_- � (A) Chan�e Datcs -
<br /> �. . 'Ibc interest rate I will pay m�y change on tho fust day of J1i�T , 1`-M� ,u�d ou that day every �.
<br /> , ,M ` �mnth ihereaftet.Fich date on whfcb m7 intoteat rate could ch�nge i�callul a"Chat�ae Date." 6"
<br /> � ` (9) 'Ihe Index �
<br /> . ;,,. � Beainning with the fiist change Dau,my inter�e.stntewill be based on ui Index.Thc"indca"is the weekly averige yield a►Unit�d
<br />-- ' ' . States'IYea,nu�y,^,ecurides adjusted to s constant tn�turtty of 1 Ye� ,�s mide ivdlable by thc Feckral Resen+e _
<br /> 4�'� � � Board.'Ibe most recent index figure availeble u of the date 45 days befooe each Change Date is called the"Cutrent 1ndeA."
<br /> -` � � ' � If the iadex is no lonaer svailable�the Note Halder wUl choose a oew indea whfch is based upoa cotnparable infonnadon.7Le Note
<br />�e;. _:rr..s
<br />_::' ' ;,' Holdu will give me notice of thia c6oice.
<br /> -,:•ti.`_•,,.
<br />- :..�!f�'•K_ (C) Glculation of Chmgw .��PIt�D 'a�_�
<br /> �,�•;:.y�""�� � Befoc�e eac6 Ctunge Dau,the Note Holder wili caicufue my new in[eress atc oy�-�ing pc��z�dr���,o�::�( �.ioif °LZ
<br /> i�-�;::�;,�:r: � to the Ctitncat Index.'Rie Note Holder wlll then rc�und tbe resvlt of this addlNan to the nearest one-elahih of oae pet+centaae poiat
<br />°�..:.�•.
<br /> ti .,.:, ...
<br /> -a,..,,,..r:..,;��� (0.12396).Subject to the Ilmits stated in Sectloa�(D)below,thls ramc{ed amaunt wiU bc my new irttcnst nte twdl the next Ee ate.
<br />�;;:._zLK�:'�`
<br />�?�i�"-_: ,-. '1Le Note Halder wlll thca dctam►Ina tho amount of tho montlily payment t6nt�►td Ms sufficient to repay the unpdd principal�hat 1
<br />-���,;_:�._ •.
<br />��,���' �m eapected to owe at thc C1�ago Date in full a►tho mwtwisy date at my new lnterea�rate in wbsuntidlY W�P�Y�nts.'1]�e tesult ot
<br /> -__-- -- — this caleWaUon wW be the now amount of my moutniy Pay�unui.
<br />-- ��,�i�, (�) 11m�t�aa Interest Rate Chanaes
<br /> ---��� 'Ibe jnterest nte I am required to pay at the fiist C6aase Dau will not be areater than 9.Z50 �or less tlna 5.350
<br />-- 9G. Thereafter,my iatenst nte will never be tncc+ea,�ecl a decrcased on my sinale Change Date by mare than '�'� percenu6e
<br /> ---- Po��(Z.00�)from tlu ate of inurest I have f►ren�sying for the precedins �elve months.My intecest tste will
<br /> �. -°-`"-`";�"—�• ncver be�rctter�an 13.250 x,.
<br /> v `-.=`� (� Et�ecdve Dau of Chu�aes
<br />_--""-�"`�''�:1 My new int�rest nte wlll becomc effecdve on euh Ci�nge Date.I will pay the amount of my new monthlY paymcnt beginntng on ihe
<br /> ��,,,�,�', !{tst montlilY payment date aRer tlw Change Date undl tl�o amount of my monthlY paytnent changes again.
<br /> . _ -��� (�Notice of Ctunaes
<br /> --� 'lbe Note Holder will deliver a mail to me a notice d any chenges in my interest nu and the unonnt of my mont�ly payment befae
<br /> �.,."y;',s`ta�v-�e� We�fCectivedate of any changc.'Ihe c►otia will include infotmzdaa tryulned by law W be given me and also tLe tide and telepho�k
<br /> _y-R,�., ,+� number of n pet3on who will�aswer aay questfon I may tuve regu+ding the ndice.
<br /> -��-:.� B. TRANSFFR OF TfiE PROPFRTY OR A BElVFF�CIAL IIVIFREST IN BOxtROWFR
<br /> .��•� Unifam Covenant 17 of tLe Security Iasinunent ia imended to rud as follows:
<br /> _.-�,';�`,:;;s+ ltuufer of thc pc�ope�ty oc a beneficid interc.at in barower.If aU ot u►y puc of We property a any incerest in it is sold ar transferrcd
<br /> ° ,,,.,,��,--� -
<br />-- �;?.., (a if a beneficial int�rest in Borrower is sold or t�aa5ferred uid Bcxrower is nat a mwral person)witl�ont C�nder's prior wntten coasent, _.
<br /> - ,:�";:'�;' Lcnder may�at its opdoa,require immeditu piyment in full of all sums secured T��thLs Securfty Iastiument.Lr.oder dso shall noi exercix =
<br /> - • • ihis optioa if:(a)Bormwer cauises to be submined to Lender information�equincF i�Lender to ev�(tuk thc intet�ded transfene�s if a new -
<br />= � . loaa were boing made to tho transfcc+ce;and(b)Lender n�sonably deternilnes ihxt Lender's security will not be impaiced by the lom 6:�
<br /> :y, , assumption and thnt tha risk of a breach of aay covensnt a ageement in thLs Securlty Insttument is acceptable to Lender. �'
<br />_- " . To tho c�[tant patmiucd by applicable law,f,�cndcr tnry chugc a rcasonibte fee�s a rnndidoa ro Lcnder's consent to t�e!�n �
<br /> ' assumptlon,Lendor may aLqo require the transferee w sign an atsumption�greement tLat is acceptable to Lender and that abligates the �_
<br /> ' tr,�ns[eree to keep all tha ptuniises�nd agteements mu�e In the Nate and in thi�Security Insteumen�Borrower will condnue to be -
<br /> � obligated undor tho Note and this Securlty Insmiment unless Lender relea.us Borrower in writing. -
<br /> � If Lencfcr axercises the optioa to require immediue ptyment in full,Lcnder sball give Bomnwer notice of acceletation.'Ihe��ce =
<br /> � • � _ ��,.0..k..,��.Ma.,a�f�,.,r��sc d,an 3o davs fro�n�du�the aotice is delivered or malled within whlch Borrower must 1ny s!1:sums
<br /> .,---'-�-`-J?i�- ..._.r'_"�_r"--"------- -- + _.
<br /> sccuned by this Sccurity instnunent.If Borrower fails to pay Uiese�vros prior to the eapiration of this pertod,[,cndcr tnay invoke any -
<br /> rcmedlcs permitted by this Sccurity Instrument without furtl�er naticc or demend on Borrower. e
<br /> G[YING BF1A , wer ac cpts and agrees to the tern�s and covcnents contained in this Adj��tablc Rate Rider.
<br /> - , . 'V• Q� (Seal) _ � (Seal)
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<br /> j D@�II8 D ZIAQU -eona"'•• K ZIS[Ql ) -"°"°""
<br /> (Seal) (��)
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<br /> j /Sign OriginolOnlYl
<br /> MULTISTATE AOJUSTABLE RATE RIDER-ARM 5•2 -Sinpl�Fsmily-
<br /> Fanni�Ma�/Fnddi�Mac Uniform Instrum�ntForm 3111/3/86 EC-3002(REV 10/94)
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