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� '� � , ..• . .. . . ..' � .--_...,...__ �_�•`-r,=`_. <br /> -,.1', i n��..-r . .,�: v�;ri�IY.,ucxist:------ <br /> ) .�.���CbhL.r fv- <br /> ,�w �;f��;y�f�a�♦�r �Y�'� :�^i•')u.'f.w::.�:Iq�- - <br /> 'i�/ie�Y'N:A�!�'i�+}'9"4x'.�Y�':`JP�''y7�4r_�'�'��F'yll4� �ik�",�-'^"" .--.. <br />�_4�.... o. � .�...�� . _ . . .., n+vww+nrr�e.. ,....�_—_ � <br /> 01101317QA <br /> ' ADJUSTABLE RATE RIDER <br /> ( 1 Year Treeaury Index- iietc Cepa ) 9?� ��e7�O� <br /> � 4th —aey ot Se�tember ,_1997 ,nnd <br /> THIS ADJUSTABLE RAT�RIOER I�mede thl� <br /> lo Inoorpnreted Inta end�hall bs deemed to emend end tupplement the Mo►tqep�,Deed of Tru�t or Seaurity Qeed(the"Seourity In�trument"1 <br /> o}lhe�ame dnte given by the undenfpned lthe"Borrower")to seoure Borrawer'�Ad'ry�tnble Rete Note ltha"Note'1 to <br /> ,�rat Fed�rwl ilncotn Bank _ <br /> (the"Lender")of tlie oAma dato pnd covorinp tho nroperty desarihed In the Saaurity M►trument end looated at: L_ <br /> G A D SLAN E 8 <br /> �Prop.rty Aaarnsl <br /> THE NOTE CONYAINS PROVI�IONS ALLOWINt3 FQli CHANt3ES IN THH IN7EREST RATE <br /> /1N0 THH MONTHLY PAYMENT. THE NOT@ LIMITS THE AMOUNT tHE BORROWER'S <br /> INTERE3T RA7E CAN CHAN B RROWER MU TMP yND THE MAXIMUM RATE 7HE <br /> ADOITIONAI COVENANTS. In addition to the uovenents end apreements made In the Seaurity Inetrumont,Borrower and Lender turther <br /> covenent anA eflre�ao foiiows: <br /> A. INTEREST RATE AND MONTHLY PAYMENT CHANtiES <br /> The Note provlder for en initfal Intarest rate of �7b0 96. The Noto providea for ohanpe�in the intere�t rate and the <br /> monthly payrtiento,aa tollowo: <br /> 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A) Chsnge Dates Octeber , t998 , end on thet dey <br /> The intenst nts I wiil Pay mey ohenpe on the firot dey of <br /> It�1� f1?thl month thereafter. Eeoh dete on whlah my intereit rete oouid chenge I�oelled e"Chanfle Date". <br /> every LM►S�.,s� - <br /> (8) The Index <br /> Bepinninp with ths flrat ChanOe Date,my tntereot rote wili be be�ed on a�Index.The"Index"i�the weekiy evernpe yfeld on United <br /> Stetss 1 roesury saauritiu�adj:tK:.d ta a cV neLe�+�+Aruriry of one (11 vear. es mede evaflable by the Federal Reesrve Board. <br /> Tha most reoent index flpure available a�of the date forty-fivo(a5)days before eaeh Chenge Dete i�oalled the"Currsnt Index'. <br /> If the Index i�no lonper availaAte,the Note Hotder wil!ahoate e new index wNch is besed upon aompa►abie Informatfon. The Nots <br /> Holder will pive me�otice ot thls oholoe. <br /> (C) Cslculetion of Chsnpes Two and Three Feu�s <br /> Bstore eeah Chanps Date,tha Note Holder will oalculnte my new Interest rote by addinp <br /> of one p�oentaye point��l0.6 696�)Sub�ot�torthe I(mits st t dNn S odon 4 D)belowotNa ounded amount w Idiibs my new�interest rc epuoG'Ih <br /> the next Chenge Date. <br /> The Note Holder wili then detsrmine the amount of the monthly peyment thai woul�be outtioient to repey the unpeld p�incipal thet(sm <br /> expeeted to owe at ths Chanpe Dete in fuli on the Maturity Dete et my new fntere�t rete i�Qubstentieliy equel peymenu. The rasult ot thU <br /> oelculuUon wi��b�the new amount of my monthly peyment. <br /> . (D) Limite on Interest Rste Changes 7 750 % orles�then <br /> The Intereat Rete I em required to pay ot tha firet Change Date will not be preeler then <br /> 3�60 — %. Thereafter,my Interoct rate will never be ineroaead or deareaaed on any dnple Chenpe Dete by mon <br /> than TWO Rercentege pof�ts( 2.00� 96)from the rate of Intere�t I hsve been peylnp tor the preaedin� <br /> months. M interest rate wfll never be qreeier then , 11.876 %. <br /> twC1Ve (121 M <br /> (E j Eftective Date of Chanqes <br /> My new Intereot rate will beoome efteotive on eaoh Chenpe Date. 1 will poy the amount ot my new monthly payment bepinninp on the <br /> (i►rt monthty payrt►ant dete eker che Chenge Dete until the emount of my monthly Deyment ohenye�epeln. <br /> (F) Notice of Changes <br /> Ttie Note Holder wlll deliver or mell to me e noriee of nny ohengee in my Interert rete and the amount of my monthly payment before <br /> the effeotive date of any chenAe. The notioe wf�I Includo Informetion requ�rod bylaw to be piven me nnd aleo the tiHe end telephone <br /> _ number of a penon who will encwer eny queotion I may have regarding the notice. <br /> MULTISTATE ADJUSTABLE RATE RIDER•ARM 6-2-s:nyu Fimnr•Fennle MoelPreddie Meo Unfform Instrumont <br /> Form 3111 8186 <br />�� <br />�� <br /> '-'-ii <br />----'L•7 <br />--�:g.�� <br />-��:a�� <br /> •=^s� <br />�� MJ�n trm�UYe) Paq�� o�7 <br /> �:�— <br />