|
, „ .. - -
<br /> .,_..... ...v. ---
<br /> t`S""" ' �_.�..�.--- - �.r.ti,- ------ _--� -
<br /> �
<br /> __
<br /> . _ . . ., --_
<br /> . . -_,, _�1 _...��-_r. ,
<br /> .. ... . �'"'�.�v."`.,........, . .. �,. .
<br /> . � -. •• . ... _
<br /> _ . _� �.�� - ,,.,.. --.. .
<br /> �. ..,..aw►rut ----
<br /> ���!.w::at�� ` 011013S28S -
<br />"w�;,� •. • ' • ADN5TA►BLE RAT���It 9'l•• :110 32 - _
<br /> ;�::.'. , ' ( 1 Yau'TreasurY Indez-Rata C�Pr i.
<br /> ���.s
<br /> .�} lSth dsy of n""""'�r --, 1� ,snd
<br /> THIS ADJUSTABLE RATE RIDER I�m�de thlt �_
<br /> I�Inoorpor�ted Into snd�hell be da�msd to ammd md supplem�nt the Mortqeye,Deed ot Truet or Seourity Deod Ithe"Soourity Inatrument") �
<br /> of th����d�t�av�n by th�und�nlpned(the'Borrowar"1 to�soure Borrower'�AdW�table Rate Note(tho"Note")to
<br /> . „ . (th�'G��d��")of th�����d�ts snd oovering the property dssoribed In the Saourity In�trument end looated at:
<br /> . 2?ft � _
<br /> �'a�'�t- --
<br /> G�stvn ts�AtVD
<br /> __ - — �PropMtY AOdrN�l
<br /> � TI�NO'I'E CONTAIIVS PROVISIONS ALLOWING FOR CHElNGES IN T�INTERF�T�TE
<br /> '`.::•;:�_='. Y pND THE MONTHLY PAYMENT. THE NO'1'�LIMITS THE AMOUNT THE B�TE TAE,S
<br /> ;��.���•�..� IIVTEREST RATE CAN CNAI�GE AT ANY ONE TIl41L AND Tf�MAXIM[JM
<br />-:,�,:��#lx BORROWER MUST PAY.
<br /> - .::4.��';�
<br />_`.f..� ��� ,.'
<br /> •1",. J :
<br />'L'"'•"�p' AODITIONAL COVENANTS. In additlor�to the oovenante end egreement�made In the Seoudty Inatrument,Borrower end I.ender furt sr
<br /> C:'�i�,+ ��"•� aovenant and epne as followe:
<br />-� ::'�".`•^ CHANGES
<br />-,°`'-•y�^.,� RATE AND MONTHLY PAYMENT
<br /> �-;�- �a,,
<br /> - :'���. �F• �►� �TE�T } 7]2$ %. The Note provide�for ohanges In the Intereet rate and the
<br /> �-�'•�s';'�``�' The Note providas for en initfa!fnterest rete o
<br /> �:`'''= '�Rt'`� e ment�,es foilows:
<br /> =1�ti;�4 manthiY P Y
<br /> �� q, II�ITEREST RATE AND MONTHLY PA�INI�N'P CHANGES
<br /> � •�`�1„� (A) ChAn�e DAtes Z001_ ,and on thet day
<br /> � �� � P ohan e on the first dey of J��� —'
<br /> The Intereet rate 1 wlll ay may 0 Interett rat�oould ohange Is oelled a"Change Date".
<br /> �,.:.sF;.; • a3..�ra�.n��hl month theresftaa Eaoh det�on whioh my
<br /> evsry
<br /> :�; . ,J
<br />.,,.;. � (g) The Index
<br /> '-`�,� -� B�ginning wlth the first Change Date, my Intereet rete will bs baeed on en Index. The"Index"Is the weekiy averege yleld on United
<br />-.=y�_,,;. , nn�I_ 1 veiC. as mede eveiteble by the Fed�rol Reterve Board.
<br /> .�,�;�;.� : State�Treasury seou8ties edJusted to e eamtent maturity of
<br /> °�,. The most reoent Indsx figure eveilabls es ot the dete forty-fivs 145)deys befors eaoh Change Dete I^oalie�Ab�le nformatfono The Note
<br /> �. .�''.::h,:.
<br /> If the Index le no Ionget availeble,the Note Holder will ohoose e nsw index wi.ot.is�••..�up�rt__.n�.
<br /> " �. '��' , Nolder will givs me noUoe of thl�oholoe.
<br />�„�� � (C) Calculation of ChanQes a�__.,..F��..� —
<br /> � � Before esoh Chanpe Date,the Note Holder wlil oeiculete my nsw intsrest rate by edNng.�l'4�!
<br />-?�:�,;�,.,;4� peroentage polnte l 2.875 96)to the Current Index. The Note Holder wlll then round the reault of thle additlon to th�naerott ons•elphth
<br />-:^;�;�r_,,,,T of on�peroentege polnt(0.126%1. Subjeot to the Ilmit��tetsd In Seodon 4lDf below,tMe rounded amount wlil be my rnw Inten�t r�U unUl
<br /> tl;*�=+tM� " the n�M Change Date.
<br /> °:•:1i�v .
<br />__�;.�,�,.;.�; The Note Holder wUl then determine the amount of the monthly payment tt�c+t would be sufficlent to repsy ths unpald prinoipsl that i�m
<br /> "��;'' jy t� : �xpsoted to owe et the Changs Oate In futl on the Meturity Dote et my new Intere�t rat�In eubstantially equal paym�nt�. The reault of thi�
<br />"''����' oeloul�tlon wlll be the new emount of my monthly payment.
<br />-�Yti:a'��
<br />=-��"°=�'�. (p) Umits on Intere��te ChanYes 9 125 % or less than
<br /> r-'�;.�'`�� The Intorat Rate I am requlred to pay et the firot Chenge Date will not be greater than
<br /> t 125 %. Thereaftar,my Intereet rate will never bn inoreased or deare�asd on sny sinyls Chanpe Oats by more
<br />�*,"''^'"' than 1`N'O peroentage polnte 1 2.� 96)from the rate ot interoat I have bsen peytng for the prsoeding
<br /> 11.875 %.
<br /> ��y�1�� monthe. My Intereet rete wfll never be groater than _
<br />-..Y:�.,_ ,�, (E) Effedlve Date of Chanqes
<br /> -�,•..,
<br /> --_'.�•. • My new Intere�t rnte wlll beoome effeotive on eaoh Chenge Date. I will pay thee ment F an ee a a nonthly payment beqinnlnp on t e
<br />-�'�•r- firet monthly paYment date atter the Chanpe Date untll ths omount of my mon[hly p Y 9 9
<br /> ' � (F� Notice of ChanQes e ment betore
<br /> 31 . The Note Holdsr will deilver or mail to me a notioe of any ohangea in my Intereet rete end the emount of my montfily p y
<br /> �1' the effeotive date of any ohange. The notlae wilt Include Informetlon requlred by law to be glven me end elso the title end telephona
<br /> , � � number of a pereon who wlll anawer uny queation i mey have regerding the notloe.
<br /> r(
<br /> #
<br /> t
<br /> ' � Form 3111 3185
<br /> MULTISTATB ADJUSTABLE RATE RIDEfl•ARM 6-2•s�r+ai•F.muv•Fannie Mse/Freddie Mac Uniform Instrument
<br /> � ��
<br /> -- -,...-_. _-- i
<br /> �
<br /> I
<br /> �
<br /> v�qs t ol 4
<br /> - � M71f1Jrm UiB81
<br /> -
<br /> ' �
<br />
|