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<br /> � � . . . A►DJ�3S�'ABLE R1�°TE 1�IDEit aoo28aa4
<br /> �° _ (1 Year Tr�ury Inde:-Rate Caps) �—
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<br /> . . :� THIS AD3USTABLE RATB R1I3ER is made this 2�T8 �y of ls,UOUS'� �
<br />• � 4"�r�•;�Y ��98 ,and is inasrpniatai into and sh�ll 6e daem� to amend and supptemeat the lliongage.Deed of
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<br /> --_--_-:;_�;,�-. Trust or Security Deed(thc"Seeurity instnuncat')of the same date given by the undasi�ted(the'Bo:rower'3 to •:_;:
<br /> -_ --:..�=„�—`-��: �ure�he gorru • sAd�usta5le Rat�Note(the'N t " to � `-,=.t
<br /> • .-- Tae BqoUt6le B���ing eaa 6oaa Aasoeiatioa of Oran��a�ead� Be6rasta, A Yederat SaviEge Bint ,
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<br /> -`�.� .��- ��t: tthe'Leade�°)of the same date and oovering[he pro�erty descn'bed in the Securiry I�ument and located at: .
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<br /> : :�= � � � 224 N RIJBY AVB (iEt�►ND I SLAND, NBHR.A38A 68843 -.
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<br /> "`� 1'HE HOTE COIIiTA1NS PB�VIstOI�� AEB.aD�f6tIHG fOR CHANt3ES IN TO�iE e1�6�4 '�:'''`,
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<br /> �.�.-,�"...- ,�. RATE AND Tk� M011fTti�Y �6S�fIt1[�NT. '6�IE NOTE UMITS � d�ttl[mtER41t �� �i,;�:.
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<br /> {3�� � :i�� BORROW�R'S QI�Y�ES'� Q$AT1E CAM 6�FI�iUGE AT ANY Ott➢� 71ltfi� G��'� t, _ .
<br /> f>`;��� M61X4PL'lUlL9 W9�T�T@6E�Oi�OUt1�2 MB,GST3?�i�1F: • ' '.:
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<br /> � � ��� � ADDITIONAI.COVENA�NTS.Ia ad�tiu�,�r�ti�eo�!s�nants and agreemenu roade in the Sacunly�ikisuumau, E�
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<br /> '� y The Note provuies for aa initiai snteies¢r�vf,.'. '7,250 9a.The Note pmvc��'�r chamges i� . `� r
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<br /> _:;. • theiatenstra�anitt�e�rra�y.pa}�nieaits:•asfoAow�;:�` . •:`.• -,
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<br /> �rr t s•c � 4 IIv1�RE.S�`{$l�T��$�911c�.1F'•b.°A�14�NT�flANGES . . ,
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<br /> ' . : (A)C�.1}�tes , ��' � ; �'''` ' ofSEPTEIHBEIt � 2�03 �'' • '' '
<br /> r;. The inte�tate I will_DaY may c6scigf.'�.��e fi�rst qay ,;:,�d on that . ".�:>,�,, .��,�:
<br /> µ day! IZt&inunth t�a.Fach date on�whics�'�nterest rate could change is.ralie�a �S/� �•.;,• ,. �r°', f.
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<br /> , �8egiamu?�::,)�#f3i,�fu;st,Cliange�te..�Y inter�st,�.�q+itt 6¢�d.on an Index.The"IusEei�':i��tkc'�y , �o
<br /> . - a,v e ieid;i li,'fiited S � T '��ities,�C'"; n�3�:to a �i�:�s�maturi of 1 ear.as "m�#ieytsl��lte�by. � �_ '
<br /> �� � Y � �_ �easur�•. Jo�?.�. 04 tY Y ' � .
<br /> -'s� • tjie;.�ederal Reserve Board;�• a�most ceoail:7�dex f#gis��r.'�ailable�s of tf�e date 45 days befote ea���ang�:�Date ' ,.
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<br />'� . �•�•• ''t• �$s called ttie"Current Indea."': • ' ;��;�.-, . �. . �.*
<br />. • ' If the Index is no longer availabte, c6�l.�te Holder will choose,a new iadex wiuch is base��i�7 compatabte �:.-�"�
<br /> ' � ' • informaqon.The Note Hotder wiU give une�dtice of this choice. `' ;''��; �' `�
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<br /> . • • : � .�,.'r, (�Calca�lation of es . .' "`�
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<br /> �� «•�� ���' ., Before each Change Date.[he Hote Holder�i cal�atp my new i��te by adding ' _a__
<br /> .. •.. :�:� ,:'':.J: �:� 1VJ�1 rcenta e int(s)( . l)w the Current =_
<br />� � ; '.�,, Index. The�Tote Hotder will then round the resnit of this additian to the nearest one-eightb of one percentage _ — -
<br /> : � :� point.(O.I24��.Subject to the limits stated in SectIon 4(D)below,this rounded amount will tre my new interest
<br /> :.' ° ` � rate until the next G9�ange Date. ` � ,
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<br /> � . 71ie Note HoIder wi11 then determine the amount of�he monthly payment t h a t wo u l d b e so ff ici e a t to repay:i l�,: � • • :.r-.�-
<br /> � � • f� tmpaid pricmipal that I am expected to owe at the Change Date in full on ihe Maturity Date at my new interest t�t: '. � ,,
<br /> i.-�-. � in substentiai3y equal paytncnts.'tl�e resutt oitbis calculation will be the new amount of my rtQncubly paymcat. .
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<br /> �`�~ ' .,`' (D)Idmits on Inierest R$te Chan[ge9 t �
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<br /> ��''' � '?�•' '���� ' 79�e interest�ste I mn r�ired to pay at the first Change Date will not be greater than 9.25� `� °
<br /> . _, ,.
<br /> r'::t��+'�,' ,+' . ;•,•' � m interest rate arill never be iac�eased or decreased on
<br /> � �.• . .` . •�.�s:!n~tessthaa 5.250� , `�o.'i�e�eafter. Y ; ',;�,,r,:
<br /> � ; � `� ,�;' � �� sin 1e t�ian e Date ``,7�oTe that+taro paroentsge points(2.0`Xe)from the tate of intetest�have 6een payin8 ,�,'�.
<br /> . 4�► .8 8 �;'.,
<br /> � '`.t,', .. . _�o,r the pra�iin�twelv�etta�r{hs.My interest rate will never be greater than 12.250 �`�. ��
<br /> . � ��: � . �;�}�.int+a�BSt� r¢:ti:e��;Will never be lower than 5.25096. �, . . , . ,;�,,. .
<br /> ��� � � ,�, :��Eftedive IDatec�i�;����leuTSea • �: � � , r ,
<br /> • �, " ;� ``:��My new interest rat�t��! Gecome effective on each'Chtmge Date. 1 wilf pay dir�iunmia4 uf ctiy nec'v'mqn(fri,y ,�`': , ' '.
<br />- . .. . . .,�,; . ' p�yment beginning on the�Crst manthiY D3Ycroent date'�(icr the:�Se Date unt�ihe a�nouut of mq �ftbiiUKy�'`-,' �,�,,. � :
<br /> ... ._ . .: :,�� ,.t���� payment changes again. � � `:r(':. . � ;:,,.:.:
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<br /> . "�,i, . . ' (F�Noltce o!CG�ang¢s .. .
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<br />_ ; � r , 77te Nate Ho2der will delivet os mail to me a t►otice of any changes in my interest rate and the amount of my ,
<br />- '. ���, . aionthly paymeat 6efore the eifecti've date of any change.The notice will inctud�information required 6y law to ' • � :
<br /> -� � _-- ;_'t� ' be given�aad alsa the utte and tYl�hone num6es of a person who will answer at►y question 1 may have ,
<br /> . . ��' regardir�tEc�nntice. . .. .
<br /> -- -� . . .� MULT[StATE A�JUSTABLE RATE 1iIDER-ARM 6�2-Singte Famiry-Fannte MaelFtoddle RRae Unitam�I:�str�aeant
<br /> iantt 3/11�3185 �
<br /> ��-9YZA t9305� vM0 MOATt1aCB i0RM5•�800i52t•Y19t � D►urted m ita.yeUA FeDe► .
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