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� ��14�455� � dis�ursement was made,regard�ess of the actual date of any d�sl�ursement.The amount secured by this �' Secur�ty�nstrument sha�1 rnciude a11 direct payments by Lender ta Barrower and a�I other�oan ad�ances permitted by this Security�nstru�nent for any purpose. This l�en priarity sha1l app�y n�tw�thstanding any S�ate canstitution,law or regulation, exce�t that this Iien priority sha�I not aff�ct the prior�ty of an�1�ens far unpa�d State ar 1oca1 governmental unit specza�assessments or taxes. ,{ ; �2.Adjustable-Rate Feature. Under the Not�,the initial stated znterest rate of 2.4�4�/0,t�vhz�h accrues on�-the uripaid princ�pal balan�e("rnitial Interest Rate"�is subject to char�ge,as described below. �L�'hen th�interest rate changes,the new adjusted in�erest rate wi11 be applred t�the total autstand�ng princ�pal balance. Each adjustment ta the interest rate v��1 be based upon the average of inter�ank offered rates . for one�month U.S. dvllar deno�n7nated deposits xn the London Mar�Cet("LIB�R"}, as published in The �Vall S�reet.Tournal �"�ndex"�,raunded to three digits to th�r�ght af the decimal point,p�us a margin. If �he Index�s no langer avai�ahle,Lender v��ll b�requ�red to use an�index prescr�bed by the Department , of Housing and Urban Deveiopm�nt.Lender vvill g�ve Borrawer not�ce of new�ndex. . L�nd�r vvitl perform the calculati�ns des�r�bed bel�vv to determine th�new adjusted ir�terest rate. The interest rate may c1-�ange on September 1,2�14 and on the�rst day of�ach succeed�ng month. "�hange Date" means each date in which the interest rate couid change. The�alue of the�ndex wz1�be determined,us�n�the m�st recent Index f gure availa�Ie thirry�3��days b�fore t1�e�hange Date�"Current�ndex"}.Before each�hange Date,the nev�interest rate�r�11 be calcu�ated by adding a marg�n ta the�urrent Index. The sum of the margin p�us the�urrent Inde�v�ril� be��a�Ied�he "�a�cu�ated Int�rest Rate" for each Chang�I7ate. The Calculat�d Interest Rat�v�i�l be compared to the interest rate�n eff�ct immed�atel�pr�or to the current�hange Date�the"E�ist�ng �nterest Rate"�. The�a�culated Interest Rate v�1�1 ne��r�ncrease aba�e 12.4U4% . The�alculat�d Interest Rate will be adjusted if nec�ssary to com.ply wxth the rate Iimitat�on�s�described abave and wY��be�n�ffect until the next Change Date.At any change date,�f the Calculated Interest . Rate equals the E�ist�ng Interest Rate,the interest rate�ill not change. 23:Recon�eyance. L]pon payment of al�sums secured by this Se�ur�t�Instrument,L�nder�ha��requ�st , Trustee to re-convey t1�e Property and sha��surrend�r th�s Securit�Ins�rument and alI notes evidencing debt secured by this Securiiy Instrument to Trustee. Trustee sha�l recanvey the Proper�y without warranty to the p�rson or p�rsans�ega�ly entitled ta i�. Such person or persons sha11 pay any recordation C�5�5. Lender may charge such p�rson or�ersons a fee for reconve}�ing the Property,but only if the fee � is paid to a th�rd party�such as the Trustee�far ser.v�ces rendered and the charging of th�fee rs permitted under app�icable law. � ��.Subst�tute Trustee.Lender,at�ts optzon,may fro�n t��ne to time remo�e Trustee and appaxnt a successar trust�e to any Trustee appointed hereunder by an instrum�nt recarded in the county�n wh�ch thi's S�curity Instrument�s recorded. �]�Tithout con�eyance of the Property,the successor trustee shal� su�ce�d to aIl the title,povver and du�ies conferred upan Trustee herein and by appl�cab�e la�v. �5:Request for Not�ce�. B�RR�WER HEREBY RE�UESTS THAT,UNLESS �THERWISE PRESCRIBED BY LA�V,A��PY�F ANY N�TI�E�F DEFAL]LT 4R N�TI�E�F �ALE PURSUANT T�THE N�NJUDI�IAL F�RECL�SURE�F TH�S DEED�F TRUST BE MAILED � T�B QRR�WER AT B�RR�WER'S MAIL�NC ADDRES S SET F�RTH HERE�N. ; . Page 9 of 1� . HECM First Deed�fTrust