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<br /> --�x T�]1lI�F�e A13916099 -
<br /> ° ^:� GT�OT °
<br /> ���� , t�DJU�TA�LE R�ITE RID�R -
<br /> �_-�� ,. 98°���1�9459 _.
<br />�:�;' � . . . ( L Ycxr T�easury Index-Rate C�ps)
<br />:.��"�� 7`�iIS ADIUSTABLE E3ATB[tIDFlt is mnde thls 24'1�I dny of �1'II�B�t, 1998 .nnd t�incorporntMi iutu nnd .,
<br />_:_-:ag _
<br /> shall he decmcd tc►nmend nnd supplemettt�he Mottguge.Dced of Trust or Security Qced(the"Secutlty lnsc�ument°)of tho Fnmc dntc __
<br /> •� ;�� givcu by tha uaderslgned(thc"Botrowe�")to secure Bormwer's Adjustablc Rate Nom(the"Note")w _
<br /> . ,y t�[l�lt,F�Pli�IL � �'1�C�T -
<br />-- �"-�� (�he"Lendet")of the same date aud covedng We pmperty described in the Secu*Ity Inswment nnd Incnted nt: -
<br /> ��� 100� Si I1Dm4T BT• @tAt� IBI+AI�ID• 2�688�3 -.
<br /> _---- IProv�1►Addnsa� �
<br /> -_�,
<br />_.��� TiiE NOTE CONTAINS PROVI510l11S ALLOWIN�FaR CHANGES IN THE lel1TEREST RATE AND THE
<br /> s�,, _� MONTWl.Y PAYMENT. THE NOTE LIMITS THE AMOUNT THE B�Ri�OWEA'S INTEREST RATE CAN
<br />_:��:� CHANGE AT ANY QNE TIME AND THE MAxIMUM RATE THE BORROWE�i MU�T PAY.
<br />-�'t�� ADD1T[ONAL COVF.dVANTS.in nddltion to the covenaats aad agreemonts mada ia the Securiry Iaauument,Borrower nnd Lender
<br /> ���1 further wveusataud ogree As foAows:
<br /> !T:J�� •
<br />-.�;.�� A. IIVIBREST RA'iTs AND MONTHL.Y PAY[1�NTCHANaFS
<br />`�� 7he aote pmvides for an itaidal lnterest tate of 7.625 4b.1lte Nou gzovides for cLanges in the interest
<br />___-—== rate aad the monthlY PaY�cnts.as follovv�
<br /> -_� 4. WIFRBS'�'RATB AND MONTfII..Y PAYNIBNT CHANaSS
<br /> _-_- (A)Chmnge Datss
<br /> __—-- 'Ytee intenst rat�I wlll pay may change on the fitst ds�y of OC.'R�t . Z003 �and oa tbat day every ]�t'L
<br /> - — month Wereatter.Eac6 date on whtch my inurest rate oouldchange is caUed a„Chsnge Data.,,
<br /> -��� (B)'[he Iadxx
<br /> --- BeBinnia8 wtzh the flrst c6nn„�e Date,my interesttar,e wUD be based on aa Indea.The"�de�c"is thc weekly aveTage yleld on Uai3cd
<br />==��+ Staus 1Yeasury Secusnbies adJustes�to a canstaut mawricy of 1 Year ,as madc avaapable by the Federal Rcserve
<br /> � Board.'Ihe mast r�.cEladax fi�ure availab2eas oYthedate45 dayS�fm�re ea96 Change Date is c;alled the'Cuerent Index:' .
<br /> _ If the index is s�c±�+ongeruvailable�the NoUe Holdu wql exaaa�s�n r�v a¢�tax wLteh is�scd uponcompatabla infotmsdion.'t�e(�1mCa.
<br /> -,r,a,�e Nolderwill give me nodce of tl�is choice. , . �
<br /> _ (G�CalcnlatlonafChanB� � �1lLD SL+11��SLt�
<br /> . .� Bzfor�each Change Data,the Nore Holdei c+�,l calcu�ate my aew iaterest:ateT>y a�ding percxarage puim�s f 3.87� ��
<br /> ' w We t�r�ntlndcx.The Note Holdcrwill ttnGa asrm�Jtt�e ms+iltof this additionto the nearestone-eighthof one percen�gtpoiat .
<br /> —__- (t�.��S9b).S�ubject w rhe timics srar�d in Soca�t�{t?�be��v.�,s muaded amouat wIil be my aew intc,�eat rrute u,�tU t�a�a1tt uta�s��Yau. _
<br /> — 'Il?he Note Holder will then deLEtmi�.the emoaat of the+�m�Y paymant Wat wov�d be;s��cient to repay the im��l p��cipal tl�at I
<br /> am ortgcoted to owe at th�C6sagd i!?�te'in fa�,'!!q�ithhe mawtieY,dlato at my aew iateresc:at�&n substanHaUY«l�Pd+Y�'�,'�4+�su:�I�;.
<br /> , thls raiculatiouwi:?3�c the aew amovnt af�y r�t�elY PaYm�� � � � ,•
<br /> ___-�r_. . . �) �tsanlbi2erestRateChanges � `:;` , ., :
<br /> . `'.:. , ����.s;. , . � . 6� . ,,
<br /> ,,.';; ,,,.. ,, .� :- . ....
<br /> �;��;i;,' �lLe�mtcnstrnte I am t+a�uired to pay at the titst ChanBo�aY�a1►iU aot be greatertban 9.625 °b or L�ss i�z,�5:''�• .� `.
<br /> _ ,r:'�., �'i:��'ih�neaft�r.myinterestraUeaillueverbeincna.sedor�ona�►siagl�ChangeDxtebymonthan '� per�x���;.
<br /> ---- ' P���(B.00B►)ttonn the tate of intcrest I hava b�n paying for the preceding �lv� . montl�.My inLerestrat�s,'��1
<br /> . ' neverbe gt+eatet thaa 1Z•11596. , " .
<br /> (� fi@ecSve Dateof C'haaEes '`� r . ., .
<br /> My new iatenstrato w1U become effaKiveon auh Ch�n,gs Dare.I wIU pay the amou�t of my new monthty pa�t�eginning ou the
<br /> �...
<br /> flrst monthlY P�Ya►art date attorthe Change Date until the ffiount of my monthlY P�Y��S��� • ' .
<br /> (E�Nodx oPC�nges �;� '. `. ,;��
<br /> - �� The Nou Hol�wW deliveror mailern an8 a nosice of any changes in m�►�teurest raty$nd th�em��t sclmY��Y PaYmeira�t�e�i'ai+a
<br />— - ths effectivedate of any chenge.Tha noSx will�iaclude i�aH�oa rcquirefl by laar to�y�ivea sne andarso the dtle and telephon�
<br /> aumb;4rof a pGtson�vho wlll sagweraay quesdon I�y bave'regatding thz uoticx. . .
<br /> B. TttAPiSFFR OF'1'HE MtOPFRTY OR A BfiN�ICIAL WfHtBS1'1N BORROWFR ,
<br /> -'° Unifoim Covenant 17 of the Securtty Ia�tmm�ea�¢ds a�tn read as foIIows �
<br /> —_ '1'��tns�fotof the P�P�riYora bcneScIal inte�a�inboaow�cr.ISaU or a�►part of the ynopeity otaaylntenst ia it iS sbtd or otaagfemd
<br /> (ot if s beneficial faterest inBa:owes Ls sold ar tnadeazdasxl Bonow+eris not a natwtal petson)�vlthauLend�r's p�3�`tiaen aos�sent, .
<br /> Ir,adcrmay,at i�optloo.raqu�te nm�iate PiYm�t in fuU�alall snms scxiued by tLis Secatity In�nt T�eades s�a s"oaU not�aa� .
<br /> this aptioa�:(a)Bon+owereavse.v.c,�be submoitted to Lender snfotmadon cequired by Grtxler toevalustethe inundai traagferec as tf,�new
<br /> --_-- loaa wem bein,g m�td�to the ttaffiferee;end(b)E�eadet n�sombly detera►in�es that I�e�cler's securiry wlll not be impaired by ihe[amu
<br />-- assumption and that thedsk of a breach of a�ay oavemat or agnxnn�entin th�s Sec�uity Ia�t isacaptable oo Loada.
<br />�-'-— To tha e�ttentpeimitt�dby ap�lirableLw,9.�u msy cfiargo a n�.mnable fee as a oondidoa to Lsndei s ooa9eut W tho loan
<br /> --_= assumption[lnder may a15o tequire th�traas�fetet wsigae��umpdon agee�manethatis aaxpiablero L.eader and sdittobligates the
<br /> - ' uaasferee to ioeep ell the piomisas and a�oexnent�t�ade in tL�ie Note and in tLis 3ccurity Ynsuumc�t Bonawer will o�t�ue to be
<br /> ��� obligaud nader tha Nou a�d this Sonuiry I�ntunless[�ender nleases Boimwet in wrlting-
<br />`�``�� U Lender eaetcises theoptIon w require ima�sdiue p�yment in fW1.Iander sha11 Bive Bottor�rrnnt[x of acceleratian.7�e a�ti�
<br />-� „�� shaU provide a pedod of aot tca t�an 30 days fiom�hs date the no8ce is deliv�redor ma�led wlth3awl�ch Baerower m�t pc►y all s�ms
<br /> �:;�� �ur�by tbis Secauity In�umea4 U Bomower failsto p�y tbrse sums pr�or to the e�xgirattonof tLls�xrlod.i�end�ca m:y invoke any
<br /> __r�L r.�s�c.rtY - ..�:.�...:m Qe�evo�.
<br /> - IC�C3 pCI�[lW O�i�3�ts�a�a�m.w�wsv w.avaw �
<br /> _=��`•� t(iNIN(i s w Boimwer accepts aad a�t+as w the ce�rss nnd cov � ooatain��n ' jusrable Rate Rfdu.
<br /> _,:Y;:
<br />�w='- ` `' (Seul) (Seal)
<br /> _ �_�s
<br /> .. .,x�%• -� D�liE F e°"°""'
<br /> '.r'- (S@II�� �SQa�y
<br /> � 'Fr i �Emow�r �S�a'11�llfjlllQ��
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<br /> `=�,��� MULTiSTAI'E ADJUS'�ABLE RATE RIDEA-ARM 6-2-�ingle Family-
<br /> -:�`,�1t
<br /> :�., _. Fannie Ma�/Frod�ie Mnc Uniform Insuument Foran 3111/3/85 EC-300Z(REV 10/94)
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