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<br /> � ' ` . _ ' . ' � , �! lt�u,T�awry t�c--R,�ts GM)R • � .��'�'�O� `.�� . ., .; : ,
<br /> '� <;< � �- �� � T�tIS A�3USTASi.��RATE ftIDER is ma�t this.17.�4..day af........:...Au,�,ust,,..�...:.:........ 19....... ,and is � �
<br /> 90;
<br /> : �" i�oorpdn�tcd into und shaC! be damed to am�ad:snd supptemgnt tlie Mortgage.Dr.ed aE Trust or Su.wriey Dee� (the"' . �
<br /> =�.-!�' :� � "�ecunt�r Inscrument")of the samt date;iven by the•vndersi�ncd (the�"Borrm�v�er"j to s�eure Scrrawer's Adjustable '
<br /> '� � Rate Note`(tlw'Notn"j to....�..�iant�.eez...Baul�.Xeb�caaka.�..N�i.caal..lutscciittiaa...............:............:.:.....:... � . .
<br /> 4 � .. . . . � � . . . . . . .
<br /> : . • . .:......:.............................�.:.......:._....................... a Luide th e date an _ v y �n . . .
<br /> •(th " s")of e sa� d.co ering the prapert,d'eseribtd' . .
<br /> • . thc SocuritX tnserument an�located a,t: , . � '. ' . . . � .
<br /> t � ��. :.:�2..�u��111�C,G2,_.�td�..:GxaAi�.:.Is1.a»d,..�tebr�asic�.:b�80�L.......... . ... . .................. .:......................: ` � :
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<br /> .. ti . .. � � . . ¢�copeny AEdressj � .
<br /> . ,
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<br /> _ . , . . �
<br /> _. ..
<br /> � !__'�:-,--- - -, - : . ' : ' � ' � - . .. , - - . ,
<br /> � � � � . THE NOTE CQNTAIMS PROVISIONS ALL�WING�OR CHANGES IN TFIE INTiREST HATE � � �
<br /> . ` - J11�'t!��11�[LTHLY•PAltMEM. T!E[�laTE LIMlTS Tt�AMt)UNT TlIE BOF�iOYUER'S � . .. -.
<br /> � � � � � . MtTEt�8T RATE CAN CHANGE At A[�t1r t�NE 1MAE/tHD�'HE MIUCIIYNJM AATE THE BOR- . _ . . � �
<br /> . .. . . ROWER MUS'r�II�Y. . . , . . � _ ,.
<br /> ' .. � ADdITIOAIAt.COY�IHAI�CiS. In addition to the covanants ans�ag'teemenu made iri thc Security[nstrumeae.Borrowcr , � . � � �
<br /> . .,
<br /> �� : _�;� - a�d l.ender fertbtr�ooxenant and ag.-�c as folfows:- -: � • � � - _. . - _ . �
<br /> . _..
<br /> . r � � � • . . .
<br /> � A. INTBR�ST�A'rE AND:4IOKTNI.Y PAYMENT CHANCFS -. .
<br /> � The No�e pcovides for an initiat interesa rate of.......$��9..96. The Note provides for changes in the interesc rate and ehe`_ �
<br /> - '`monthty p�ymenu.as foltows: �' . • • ' _ `
<br /> ° . ;:� �� 4: f�'T£RFST RATE AND MONT�tLY PAYMENT CHANGES � . . . . �
<br /> � � � (A? Ciu�fe Data . �. .
<br /> ' � The interat�ate t wip pay may change on the first day of,September,,,,,,,,;,,,,,,,,,,,,,,,� 19�1....�and on that day � �
<br /> � � , every l2th month tYtereafter. .F.�eh date on which my interest rate could ehangt is called a "Cha�ge Date." � � . ` .
<br /> ` .� tB) TMc I�ex � ` -
<br /> . � Beginnin� with the first Change Dtte., my interest rate wili be based,on an'lndez. The"Indea"is the weekly � '
<br /> � � 7verage.yielQ on UniteA Stata Treasary securities adjusted to a constant rteattirity of 1 year.as made avaiiabte by the � ' ��
<br /> � Fecleral Resu+►e Board. The most recent.lndex figure available as of the date 45 days Ixfore eacb Ch2�nge Date is calted ;• sr�
<br /> ; � thc•'Currcnt Indcx.••" . : I '�
<br /> , � If the Indcx is no iongec available, th� Note Holder will chousc a new index which is bastd upon comparable t,� v
<br /> � informatian. The Note Hotder will give me notiee of this ct�oicc. �f`
<br /> � (C) Cskulstion oi Chan=es � ' •
<br /> Ra7.Cfore eaeh Change Date. the Nate Holder will calculate my new interest rate by adding � TWO and Oae
<br /> ....................................
<br /> ; ...............:..............:.....percentage points(...�.SA.....96) to the Currcnt Index. The Note Holdet will then ruund the_
<br /> result ef ehis addition to the rtearest o�e-cighth of one pe�centagt point(0.�25�k)'. Subject to the►imits stated in Section �
<br /> 4(D) betow,this tounded amoun�wiU be my aew interest rate until the next Chartge Date. � `�
<br /> � 'I'he Nole Hotder will ehen determiat thc amount of th� monthly payr�em �bat woutd be sufficient io repay the � ���.
<br /> � unp�id.principa!ehat 1 am ezpected to owe at the Changc Date in full on the maturity date at my new intertse race in
<br /> ; substantially equal payments. The rault oP ehis calculation wil!he thc new amount of my monthly paymeat. �
<br /> t D) Limits o�Interest Rate Ci�sa�es � .
<br /> � 7'i�e interest rate 1 am required to�ay at the first Change Date will not be greater than...:9,�Q..............'7�or tess�han �.
<br /> � .� ,.,,,.,.7.50 , y�, Thereafter.my intcrest ra�c will ncver be increascd or decrcascd on any singlc`Change Oatt by more
<br /> � ,,..�.
<br /> � � thanone pereentage points (1.Oi� frvm the rate oP intcrest ! have been paying for the preceding twetve montbs. �Ny � —
<br /> , ' . . inur�st rate will nevor be greater than ..�3..�4.......�o. � ��:
<br /> • (E).ERective Date ot Clutn�es • . �
<br /> � • My nc'w inecrest r�te will becomc elTcctivc un cach Chanbc nate. 1 wilt p•ry thc�mount of my new monthly paymcnt :'
<br /> beginning on tbe first mon►hly payment date aftcr thc Changc Date umil ti�c amount of my monthly payment changes
<br /> ' •again. � .
<br /> : ; t F) Notice of ChsA� .
<br /> The Note Holder will deliver or mai!to me a noticc of any changes in my intetest ratc and the amount of my manthly
<br /> , - payment before the etTeetivt date of any change. Tho notice will include snPormation required by law to be given me and
<br /> � � also the title and telephonc number oi a.person who will answcr �ny yucstion 1 �nay have regarding the notice.
<br /> - .. . $. TR�4NSFER OF 1'HE PROPERTY OR A BENE�[CIAL INTERFST IN BURltOW�R �
<br /> Unitorm Covenant l�nf.the Securily lnstrumtnt is amendcd to�read as follows:
<br /> � Tsaasfer oitbe P�opeit�or s&neflcial lnterest in Borrower. If al:or any part of che Property or any interest in it is .
<br /> sold olr transftrred (or if a beneficiai interest in Botrower is sold or transfcrred and Borrower is rtof n naturai person} __ __ '
<br /> • without Ltrtder's prior writton consent,Lertder may.at its vption,reQuire immcdiate payment in full of all sums secured +
<br /> by'�his Security Instrumen/. However,this option sh31t not be excrcised by l�ender iEcaercise is prohibieed by Pederat law• ; �
<br /> � �s�of the date ot this Security Instrument. Lender also sha11 not exercise �his option if: (a) Borrowcr causes to be . i
<br /> ,__,___.______ _su&auued tn.Lender informatian renuired 6y_Lender co evaluate ehe_intendc.�l.ttansE�re�a�if a newl4aa werP.bting rnadc_ _ . . �. � ,
<br /> � to the transferee: and (6�) 1,ender reasonably determines that Lender's security wiU not be impaired by the loan
<br /> assumption and that the risk o1'a b�each of any covenant or agrccment iR this Securisy lnstrument is acceptable to
<br /> . � Lendcr, .
<br /> . . , �
<br /> •'Th�Index Figure av�ilable as oP tht d�tc thc initial intcrest r�ur u.►�,dctcrntincd for this Ivt��j�.a� ......g�.9�1...... v•o,
<br /> � , . -
<br /> . Barrdwer's initiais ��} CQ=borrawerls initials -���.--•___- �.; - .� .
<br /> . . . ... . . . .. . . . . . . . . . .
<br /> , MULTISTATE AO,:t05TA8L�RATE q�DER—ARM 5��5�rx,,�e F:�r.:dy � fo�m 3 85 �-
<br /> , ��C���aaeuv�s�orasCer ' .
<br /> , _ ,
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