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<br /> �DJUSTABLE RA'T� ItII)ER 98_ 1pg�
<br /> 1NIS ADJUSTABL�MTB RID�'A i�m�da d�ir 18T1i d�y ot �►�►1sT . � 1998 .�ad i�
<br /> iacoiporated into url�hRtl be deea�e+l w ou�end ae�iupp1arn�nt tbe Mortaa�e. Deed of Tnut oc Secnrity T�e�l(�:'Securiry
<br /> Inm�m�►t") of tbe uu�e dae �iven by the undenip�ed(the'Batswer")W �oairo Barrower'� Adjusublc Wte Note(the
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<br /> HOMR 88DSRAI+ BININt3& i. LOAN ABBOCIATION OP CiRANL7 ISLAND
<br /> (the"Lender'�ot�b�e eamc due aad covedn�the PmpertY de�cdbed in die Sxurity In�pument axi located�t:
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<br /> (Ptopeny AddiusJ
<br /> TN�S N(YlE CONTAINS PROVISIUNS ALLOWINa FOR CHAKGES IN MY 1N7ERF•S'I'R�l9E AN�MY
<br /> MON7H4Y PAYMBNT.INCItP'.A.�'S IN Tlf� INTBRBSI'itA7S WILL RESULT IN HIGH&R fAYMSNTS,
<br /> D�CREA¢F,�IN THB INTEREST RA►TR WILL.R�3l1I.T IN LOWER lAYA�NTS.
<br /> ,� ADDITIONAL CO`►6PiANl'S. 1n addidoa W dye coven�ntt wd ureeayeo�s m�de in the Secvny� I�u�m�t.
<br /> .. ' ��orrower aad I.ender litrtbet covenwt and a�rx as tolIowt:
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<br /> • �A�.11V7'ILR�STI'ltA't'�AlVU iViiUN��'�Itlr,.�li'Ait'tYr�i+1'i�'ii+ila�S
<br /> �`�'� � ' ':. '!bo �Ir�te provida for an initLl in0erat rata of 6.5C0 36. '['Le Note provida fa ctw�es in tbe
<br /> lnterat taoe�ud tbe moirtlbdy�paymet�s:u follo�vs: .
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<br /> I.W1ER�T RAT$ANII MON17iLY PAYMBNT CHANGFS
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<br /> �� iUe interat rate 1-'�vlti qa�y tqay��.c#iiu�e aa t6e ifnt dty of �EpTEMBB#.� .i_; �;. 1999 ,'n�idqn tht dq .
<br /> eye�r 1�7H aoanufthC9teaRCr.�',�ch'sploe onwhich u1y ittierestt�to cculdJC�aj!Bp�3�s�l3atf�a'Ch�a�e Dote:'
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<br /> &jiaoiq�th the fittt Chu�e Date.Qq'fnterest rue�vill be baKd an an 1dQt:t..1!'be"Ldex'i�: � .
<br /> THi NESIR.Y ]1ViR�WS YIgLD ON UNZTED ST�TES 17tE118TJRY saccmz�zss n,arus�cs ro �► ::�`',,
<br /> CaN3TAliT WITORL7�'Y O! 1 YBAT�t. A8 I�IADB AVAII+ASLE HY TH6 FE�SRN� RESHRVE B01►stD. �..
<br /> 7be most rxrm[t�dfei'SS�ure availabk a�of d�e d�e:� 4!dt� ❑ • r;',, ,
<br /> , befae erch C�o�e D1�e:i�r,�114d t�e"Cur[aY ladez.' .
<br /> , .� . It tie Iudex L ao loarec,'tv�iW��C,.�he Nooe Holda will cboa�a ne�iAdeu�c i�baod upon ooapa*��:.,�`..
<br /> .• The No1e Hokler wiU�iq��Mes l�lydee d�f�t cboice. ''•'�
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<br /> Befae each ChroR��fre.the Not�e Hoider�1J cakvi�oe my�wi�aat r�sc by addi�
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<br /> TItO AND ON6 H7W1� •• Petaatye Aoi�{�) ( �;�80.0 'X.)lo t1eC.,1p�[entlodex.
<br /> ��,�,���„�������b� nNe���.� :CJ Nwcc Hy6ese Q.���
<br /> ae :iarcrN ��,: �'•�'� ( .i�x 7f>.
<br /> • �b}e��o�,im�i��Q�ia Section I(D)beloM.t6u Ywnded�oaiot wW be my�iderest ra�e uotil k nact �e
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<br /> Tbe l�toee�Ho1da t�lE,mea desemoine t�e a�nnuo�or d�c�paywrot dwt would be a�licieat a.�epsa�y d�uop�id
<br /> pit�l th�t I�m sxpc�oioA w mve�t d�e Chu�t Dre's a1i ai�5e nnfturihr d�oe�t my neM►iooa�tu rale�c�;ia�sumd�lly
<br /> ��1r0�.'ILe teitrlt nf tht�caladatlon will be tbe toe�r�moir�R oE a�y awnliiY I�Y�• ; ; .
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<br /> . . p1a L�ite oa Ia�arMt ltaie�`�w/�s ,' ` .
<br /> e cbe�t�ppr+n�►tae baacu�U�o box u a�*i+d�rhrs+r wsll be no�wmi+�wrK AbNit mre c�es.} .
<br /> (I)Thene w14it be no m�n liwit ew i�onet�t rate c��a.
<br /> nc (2)'Ibe�ntetest r�le t�sl iequired q p�y nt drc Mt Chq�e DaAC wi�i a0t be jre�et t�m B.50 0 'X
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<br /> LJ (3)My inarest r�oe.v�U�ever be inccr,�ed a dxn:sed oa wy�ioale t,'tunje Drt�e by more th�
<br /> TMO paRCBliP peroean,�e Point(�) ( s.o 0 0 �) trom Ihe
<br /> t�ate t 1 hire beea payic�t'or tbe prooediu�pedud.
<br /> � (�4)My i�krest t�e�v111 nevet bG�tlLn ii .50o x.whi�h i�cailetf the'Muisnutri RMe.'
<br /> THS "MYHIMI�1 It]17'R" IiILL NEIISA HB LS88 Tlf11N s.500t.
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