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<br /> ADJUSTABI,E R1�T� R�A�� .. �: (�.� (�
<br /> ' (t Year Tc�.;ury I��iex-Rat:Caya) �� ....e�"T��L
<br /> THIS ADJUSTABL�RATE RIDER is ma�e this 6th �y p� lYfErS'„h,,, �� 90
<br /> . .
<br /> � ar.d u intorparated into an�sflalt te deemed cQ amazd aud su6�ternent the i��oatYt+fie, Deui a?�'�n.�sc. os. Security 1=eeA (ttt:'��ecuriry
<br /> InsaumenY'}of che same date given by the undersigned(the•'Barrawer")co Emire�.rsaumr's 4s�;.�t�tab;e Race N�u{t+ce•�Note")to N�ME
<br /> , FEOERAL SAVINaS�LOAN ASSOCfATtON OF dF�NO lSLAND. N�HRASE�(tr.c•'L:nsi�tr'.'),af.,the samc d�te and covering th:
<br /> psoperty dc3crils.�in thrSccurity Tastcsua:at aad tocatcd at:
<br /> � 2119 E. Sta2ley Park Road and 929 Sout;� Edd}• S9:rnat:.; Crasid Island, Ne
<br /> (Froperty Addsess)
<br /> TAL aote coata7e�groTtstom altoxiss toe chin�a ta my i�tnratt �t f�d mp masWty
<br /> psymeab.TE3s aote atto Iimitt the a�oaat my iittrest csts qtfl ch�ICQe�t upy,oae tiae ud
<br /> �ko tle�himam ud 1le mvda�am r�te I�t pay.
<br /> ADDITIONAb CO�tENANrS.In additiaa to the cotieranrs and agramenci rnade in ci:�e�5ecuricy in�uument.Danower and L,eader
<br /> furtIIer cavenant and a�ee as folloro�s:
<br /> !l. IN7ESE�'T M_TE AND MO,'VTE�I.Y PAYMEKT CHA'.�iGES
<br /> The Nae pravides faz an initial interest rate of �Z•5 �u.Sectio:c 4 0`ti.e Nete pr•n ddos for chaages in[he incaest rate aad[he
<br /> taonWp pzymems,as follaws:
<br /> 1. 1NTEREST RATE AND MONTHL Y PAY.�fE.NT CHANGES
<br /> (A) C�ae=e Dates
<br /> The interest rQte I will pay may change on the�rst day of ��,��.� ,19 s1 .and oa ehac day every
<br /> �y�g��g months thereafter.Fach date on which�y i:ar�r¢�c rece cai;d chanIIe is c�lted a`•Change Date."
<br /> (B) The Iades
<br /> Be�Uu�ing with the Grst Change Date.my interest rate will lse based oa ar:Ir.der..7'hu"lndex"is the w:ckiy avcrage yield on United States
<br /> Treasury securities Adjusted to a wastant maturity of I yeur,as made ev�P�tlu by:`u fi:dat2l bttcerve So�rd.'fhe mo9t recent Index figuse
<br /> . available as of tlu date 4S days befose esch Change Date is cullod the`•Currenc Er.dcx.'"
<br /> If the Index is no Ionger availabte,the No[e Holder will chaas:a nerv indc�vrl�ah fs based upon comparnble informatIon.The Nose
<br /> Holder wil!Qive rue nouce of this choice. .
<br /> (� �Yll�6llOQC�Wjt6
<br /> &fore ach Chan�S Bnte,tAe Note HalQer v+;L r,a;cutatc�y a,ew lnterat aSEtc 6y adCin� f ou r a�d �r�3/h�1.f p����
<br /> poinu( �l-� 4•)to the Currrnt indea ar.Q rourid:i�rrs���c:euttY 2/gsh�f 1°.'o,eubf��o the Wniu sta::d tu�'cclton 4(D)delow. .
<br /> This coundcA amovet will be my t�w i�t�^.¢;t rate wntil tt.e nent�.rnge Uuo..
<br /> T6e Note Holdf: .aii then determine th.e amo�u►t of trc r,:ont'il��yerant:^at woulQ be dufiicient to reDay in fuU the prirtclpal i am
<br /> �D��d�o�e 6n that Caan'e D�te In aubstu►tialty equal paymenta�y!tin iaaturicy dete e[my new interest rate.The result oP thie calcul�tton ,
<br /> wiL C:the aew cawunc of�ny�uonthIy DaYment.
<br /> (D) I�WIrNI�naR�MC.� ;3.
<br /> The interpt r�te I am req::irad to pny at tto fi-u Gbnnpe.Aate�will not be grea[tr than �'�-5 % or less than � •x"<
<br /> �•5 �e.TT-u�reufter.my interest rxte w i37 never bc incn:�a�d ar dacre2te�on any single Cheng�Date by more than two pP rr_pnt
<br /> (2.0) from thc rete of intorest 1 have be:n�u}i�A fcr chu precefling cv:el�e:-ionths.The minimum interest rate on this loan will ne�:•r ise
<br /> less chan 9•� Po and iha mnximum fnteresc r9r�will nctier bc greater than ��•� %. � �
<br /> (Et L�tfecUre Oste ot C6ae�es • �
<br /> w!y new intere9t rate will become effecti•�e an cach Cirinye Date.i wil!pay the amounc of my nr,w monchly payment beginning un[hs rrst
<br /> moachly payment dit�Qlter tha Chunge D3te umil ihc amount of my manthly payment changes aga3n. .
<br /> . {�l No11ce of C6art�a ' �
<br /> 1Trr.Note Holdtr w10 mail or dC?idrr tc r,�@ a n�tic:brfcrc ruch Change Daee.'the noc�ce��.i t!r-C�ise me of: �
<br /> (i) the rtew lnterest rate an my l��an as of thc Change Date;
<br /> (ii) the arTnunt of my mnnthly paymcnt fullowinq the Change Datt;
<br /> (iii) any r:�d,tiona!matfers which thc`��te tiolder ic reyusred to dis:t�se:and
<br /> (iv) theaddress nf thea.�su:iatioa yoa.auld cuntact rc��uding any questions about theaJjustment noticc.
<br /> s. CIiARGFS:1.lE:VS
<br /> Unlform Covenant4af the Security Instrumem isarr.ende�i to read as follows:
<br /> 4. Cett�;ldeas.8orrower shail pay all taxes,nasessmencs.and othe!charges,Gnes,and impnsitions attributable to the Yroperty whi:::r.�ay
<br /> att�in a priority nver this Sccurity Instrumcnt,nnd tcasehold payments otgreund rents.iP any.;n,he manner pravided under yaragraph 2 hercof
<br /> or,if not paid in such manner,by Borrower making payn�ent,whcn due,directly tv the payee thereof.Borrower ehall promptly fumish Lender
<br /> �tU rtolicee of amounts due under Ihis paragrayh,and in the event 8orrower�hall mnke qayment directly,Borrower shall promptly furnish to
<br /> I..ender receipts evidencing such paymente. Bonouer shalt promptly dischar�e anp Nen tichich has prioriry over this Security instrument;
<br /> hawtver, IIorrmver shall not be requireA ro discharge any such lien �o long as Norrower: (ti>stia!!ngrce in w•riting te�the payment of the
<br /> obliaation aecured by such lien in the manner acceptahle to Lendri;(b>shul!in good f��ith conrest such lien by,or defend against enforremeni of
<br /> �--•-—=_-
<br /> such lien in.legal praeedings which in the apinion of Lender operote ro prevent►he enErncement of the lien ur forPeiture of the Property or any ,
<br /> put thereof�or(c1 shalt secure from Ihe holder c�f sush lien an agreement in a forn�aaticfuct�ry to L.ender subvtdiaating such lien to this
<br /> ' 5ccuritylnstrument.
<br /> If Lertder Qetermiaes that all o;any p�rt of the F'r�perty ia whject [o a lien which may attain a prionry over this S:cunty Ins�rument,
<br /> 1 fIV!rT t�fa��aivP i�_n�fnuo� n�nt1r�ir}a��'fYl!!p S!!'�F!�:YI!-�=::tt`_•::t`-t7;i:2'.S:i:f�SiSa^::�iCii fit=u�a:C tiiSC Fli ilfFiii F�F 7�'i�dCfiirin�ci i�viF�i S(nliC �� .
<br /> within ien clays of�heg�vin�,e�t rhe nutice. �
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<br /> I.�mErni��Cuvenant 14 uf thr 4e.ur,ty lnetrc�rncr.t ic amendcd tn resd a:f��ltuu. ���
<br /> !d. `otke. F xcept fur any nnh�erct�u�rec!under:�p�,li�.:il�te t�w r<.he��ti:r�in am�ther manner.t:fl,ia�p nasi�r t+�N:,r.e�,�rr p�,��idcJ►nr ir�thi� ��'
<br /> �t���ti1t h�;tsurn.ni,��a13 h�c;,�cah+,�1;beerinf�it or hv w;uhr�v rt!�v 1�;.t:�;i:;ma�{�v Ile�rr,,uc�a!tL:•f'r�,periti 1dJrr.��,r.it:u,h„thcr ad.lic��. ��
<br /> a:Eisr,rr�xer :n7y dr:i�=natr �+;r.�,hte�n f c7dcr a:{•r.,.,Jc•iE �,rrritr.uuJ I�,a:Ift� r�i•i�c e,�t rn.lct :hslt t�r�,�e n I�. ��r.t�Li.�u�.ul i.,t�u:le�t'� .
<br /> iJilre.�c�atr:�!,�rr����.�r�,.�;;1�:,�r,-+.r,lctrr�:��..1 ev�:lrrn•,ti='.ct��:���tr+•.r�. ..�r,{i�r:�..�r.e,��r, .;,fr�i i���,�,. lr����„�i:,: �-���.�.d�,t r��� „�r6�.
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