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<br /> - .. �tY 4/�8��JiI SeCB i JJ�i%� � �r�•� '
<br /> . . .• . ( 1 Year Treasur9 Iadea-Rate Caps) � �8°��� `.`� ��-'-
<br /> ' - . TRIS MNST�BIE RA'�RmFR ts made tt�is , 2D� day of S�, 2998 .and is inc�rrpotaatediatfl and
<br /> � � � �3 shal!be deemcd tn amead aad supplemept the Mortgaga.Reed vf Tiwst or�ec�uity Dced(the°Se�cutity Iastnunrat")o!th�satue dnte �•; �,
<br /> � ; ��.j given by the undetsigaed(We°Borroarc�")w s�iu+e Botrawer's Adjustabte Rate Note(the'Note°)to
<br /> , , . . �L F'�ll.� t�A�T ;`..•� .r .
<br /> '`. ''--- . (Eiie"E+radat")of the same dau aad cavertng the ptoperry descrE6c3 ht the Securiry insl�t�ent and located a� ' .
<br /> ' � . .- 703Q N� I�• � Iffi,�l1�1D• I�L 68803 .�.,, � „
<br /> .. . . , (P�p�ny Aeereaal
<br /> __. �.T� � THE P+[OT�CONT/�UHJ�PROV[StORlS ALlOWiI►!O POR CHANCES IN THE II�T�REST RATE AI11D'�H� �- :, �
<br /> NfON�'HLY PAYMENi: THE N�UflllffS'TFI�d1MOUNT THE BOEiROV!/EE�'S INT�RES1'RATE CAN , �; : ,�.
<br /> � � � ` � CHANGE AT ANY ONH Ttt�ItE AND'PHE M6�(IMRIM EtATE THE BOFtROW�R MUST PQiY. �
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<br /> - � , - AD017IONAL COVENAN1s.Ia addition w the coveaunts aad ag�eements made in the Sec�uity�en�,Bom�wer aad Leader .
<br />'-° .: �.-- --_ furthercovenantaad agtee as fotIow� .
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<br /> • A WTFRFST RATE AND MONTHLY PAYMFNTCHANt3ES {`'��I��>
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<br /> `•'•.�� �,�� � 1he note pt+ovides for aa in�tfal in�rate of 6.75fl �i.The Note provides for chartges ia tbe Inte�e.st -
<br /> r ' . , `! �t�s,� rdteand the taoathlY PaYm�ts,&s fqltnw� , �
<br /> �>`' � 4.. II�PI'ERFST ItATE AND i��Nl�$,�1f't'�Ytl�ffriT CHAPIC3FS �
<br />: � f� ��' , ".fA} Cdange Dates � . . :;. ' .. " r. � -
<br /> �••<< ; .
<br /> :;;`� ,. • '1Yce intcrestr�te I an'!j pa�cr�ay cbaa�e oss tLe fast day of � �� `,. �� ,,aad on that day evcry �2�i.j 4
<br /> ' ��, mbath tbereaR�Facli date antz3�ch mq�strate couldchang�5s c�a"t�aage:�ane:' :� •
<br /> �4� � � (B) ,the�drie .: � � � � ''� <
<br /> � ,�.� e� < . BeBinainga�3►theli�stebangeDat�,�,r�.�t,raest��Llbeba�c�aatndex..'�*tn¢ex"ist8eweeWyaverageyIeidoa r,�:�d
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<br /> � - ,.� : S�3tes�Y�easvrySec�uit�esadj�waeonstaatmau¢l.�dr;,;: 1•Ye3t ,asmadeava�7abkbytbeFedetaltte+s�tve
<br /> ` ` ::I�rd.lhe most t+e�tIadex�gureavailabteas of ttce�c'��.���aS!s before eaeD�sQate is ealted the°Cmrc�lF��x:° �
<br /> 1 ��a.�.. '. :::;='1f the in�4�no Ionger avaiIab2�,the Note Hol�tt�n�lt�heose a new indea�wh�di:�s�sased upan compazable i��nadon.'ihe Note ` `
<br /> n '�� •#�'dMer wIll gi�ta�e noticE of tLis chotce. ,
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<br /> :.�. ; � .� � (C? Calculatfanof ges , '. qy� ��{t�'1'� .� ,.. ::: '�
<br /> • • •.:f''.r;� .;$egd�e eac6 Change Dat,e,;the Note Rolderartll caYer�emy new interest iateb"-y� . ��m�( 2.�i5 "b) . s_
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<br /> "� �q�C�ment iadex.�he Na�:'L3o2derwill thea mund t�e result of tliis addidan w t��sx�stanP.eYghthof oae��g�point . :�:
<br /> � , �.� �, ,�;����3°�0).Subject w the�im��iated in Sectton4(A)below,tbis muaded amouat ar�lti�zay new iaterest tate�l�rz�C�,�,e D.ate. `
<br /> ;�� '�• . . � . � �. : ' ',:.. .. . .� ,: , _ . �' `�� _
<br /> ��f':;� � ''�`!he Note Hotdet arill then de�etmine��nount of the montWy�sa.wtis�ttiatwonldba svffccIent w repay the�i.=���ft�sai 1 ; . a:; ::;.
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<br /> � �c�,�ectcd to ow�a at the C6�q.;Date i��id12 on the mawrlry date at tn�mew in[erestrate in substaatialty equat pa�rit��, .�of '
<br /> c ., ��caleulationwlll6ethes���auntofmymontWypoymen� •,y: �,: ,4 � . �.� ,`
<br /> �'`4I. � �" ''7- , (D) timitaontntetestRa!�.T�:Ganges , rt��2 ` , ,•.
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<br /> _. 'Ihe iaterest rate I am requtred w pay antd�r�•t�rst Change Date w�l.uot be greater tban 8.750 �or tess thaa 8.�.?'� �, . .
<br /> .- - °,b. 'Ihereaftet,my interest rate vn'U nwer�ie�increased or decreased on any singie Chaage Date by raore sha� '� �tage -�-_-_:"�
<br /> •. :�b� po��(�.0066)�'om the rate of iatetest I have 6een pa y t ng frsr t he p s e e e d i ttS t7�e1�3 mon t h s.My i nte r e s t ra t e w i l l :__-;:
<br /> .. .. '. , neverbegreatettLan �.1.?59g6, ;`.rct.::,_
<br /> . � ' ': (� FJfective Date oYCbaages '`"�`�
<br /> • , .. .;;::,. :.c.,'9.':=°,
<br /> • • My aew interestrate wiIl become effeetiveoa each Cl�aange Date.It�l.pay 1he amoontof my aew monthly paymentbeginning an the • ._.}�,..-
<br /> � �„_.,;: ...;: Stst monthty payment date aRer the C�aaSe Date uatil the a�ount of�u�ionlLlY PaYment c6aages agaitt. : _�?"_
<br /> ��, ' (F)NoHce of Cbahges . ..�..� : :�`. .�; �ur ��f,
<br /> -�� ' . ;''..::��.�� 'ihe Note Ho2derwill detiverar mail to me a aottce�ce�nay chaages 9n my lanec+est rate aad the ataunnt af mY�Y PaYment befure `'� nc:..,,-_
<br /> : .,, . �
<br /> ' ' � theeffecBve date af any cLange.7he nottcewW include infoimadon required by taw to begiven me z�td aLso the 6tie and tclephoae
<br /> ," y�`r�►t .,F num6er of a gerson arho wlU answer any quesdon I may have teg,aNiag the noHee. , '' � �
<br /> _ . ._E.�`'";�-�` B. 'iRANSFFR OF 71�PttOPEltTY OR A B�TFF[C�AL II�JIFRF.ST IIV BORROWER ' ; . ;'�,';`:�; � -;..y.
<br /> . `,. .:•.: � ' Uniform Coven�ant 1?of the Sec�uity Insttumeat�amer�to read as follovus `.� � ,. .` .'.�%�,;.
<br />_ ' -- , 7faasfer of the pruperty m a beaeficjal iatere�in 6onower.If a�!or aay part of the pmpe�tj►orair��€ute�t+ii�e i�sus'sold or uansfemed ,'•__
<br /> :.`.',�:'�, � (orifabeaeficialinterestinBon�owerissotdoraaasfereedand8orrnar.r3snotanat�ualpeasonJvnt�cbtLendc�"��rwr�v.aiiscri�csent, .. •�,'...
<br /> � � Lender may.at�ts option,r�equtee immedtate payment in fuU oY aU s�ma��ucd by Wis Secia�Ity lnsttttmen�.Lxndpt�:so s�1'j;�st.exetcise . ..
<br /> --. - --_ .' shis opiion i�:(a)8atamresce�rs to be svbmitted to Leadrsiafotmad«m:ne�i�dh;!d.endec w evainate the intendedttaasfere��iPa aew --
<br /> ,- -, ' ;'i loan were 6eiag made w the ttaa.sferce;aad(b)Lendet reasonably dete�i�ies lhat Leadet s secudty wili not 6e imp�ired by the toah . ��..�
<br /> ��. '
<br /> ; . ��...,:+:"� assnmpdoa and that We risk of a breach of any cavenaataragreemect cat�3s Seeurity IaStrumeatLs aceept�b2e W Leader ' • •;,.
<br /> �;+i's,�,�' To the e�t,�ai Petaaiued bY aPPltcaDle 4'ia,t�der muy cbarge a n�aabte fee as a oondit�on to leadcr's coasent to the ioan _�,,'.. �ti
<br /> . �)��.Yit,,;�.� ..•,`t=;`
<br /> r.�.•.•s�t. assvmption. '. �iot�ay aiso requL�e�.ir.�sferee w sigu aa a�aamement tLat is accepts6t2 to Lender aud tl�at obtigatca the t�.�,.;r,:,;:
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<br /> • ,...o. , i hansfer�e w a l l t h e praffiisrs a n d a�entsmn de i n t h c Note a r u£�n il�i s S e c u t S t y I n s t n�e c�i 3 b r r a we r w U l c o n t I n u e w 6e R•,,:. ''•:
<br /> ''>��'�'�`' �� ..�s �..�ot�BSated undei� Note at��his Seeuriry Ins�eat unlass Lender releascs Borrowea in writing. � r :.
<br /> •:, .,,,;,.
<br /> -':r''�: --� 1f[endes��tsestBe�tionwcequireimmediatc�;nuentfnfull;LendersL�l2g��eBomoweraoticeofacc�at�on.'f�euot�ce .
<br /> • � `'-`�; !' �all provide s petiod of aot 2ess.than 30 days fram the�e the noace is dellveredor mailed within which Boituwermust puy all sums �,..
<br /> :::'r`.; : secured by tl�s Security 1m�trnmenL V Botrower faiLs to pay these sums prior w the e�radon of this petiod,Leadermay invoke any
<br /> - � . `: � n�nedi�s petmltted Dy tbis Securlry lastr�ment�viWotu�uttAes ttottce or demand on Boirowcr. .
<br /> _, BY SIGNINti BFdAW,B ascepts end agnees to tlto terms aad covenants oontained in this Adjustable Rate Rider. .
<br /> � .� � . ' � ' .�.�Jb� �� 's-�1�� (Seai) (Seai) ;. �,
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<br /> . . . (Seai) (Seaq
<br /> .� /Sign Orlgfaal�lyf � .
<br />' . MUtTiS7ATE ADJUSTABLE RATE Fi1DER-AHM S-2-Singto Family- � ''+
<br /> _--- •--I Pannie MaejFredtlio Mao Unitam►Instrument form 3111/3/85 EG3002 IpEV 10/94i ' __; :
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<br /> , : .. COPY � � '
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