89105504 - Laserfiche WebLink

Browse

y r ADJUSTABLE RATE RIDER 8 105504, ` 1 Year Trsasttry Idex•Rittt Cap) THIS AWMADU RATE RIDER is made this. 9th .... &W of . October - -19 8_ 9 . . ad. it iaoorpnttMetl into. and iW 6t, ti1M!!d to.ainid sari suppilsaen - 1be.Mon$W. MW of Trost. or Smwity Deed (tbe "SecwkY inatr isassi •) of the twee date Swat by die rdttviiiiesel ttlit "/ortoweeI to mar go . owee's Adjustable Rate Note (the "Nate" ).ter t�tiL >>ArMhtis a LMN �T10N OF GL*M01/LAMO. M Ole •'l atder11) of the some date and covtis** clot - .RV- 1q['�1 �i ti- Gri�r�O3 tPfOpRrty Atidtesa) , This Dice eaitrhaa /Nvomes a(tttwlag.fir.assel a.le acts. Inmauut eaee.atnd tt r.mttnahi6. aaee1M1. rile eras t1M coils the asom mgr Inthrar4 rate tai shop at on sit Uric amid ales trier mirhMamirm aai the rtti■am rotas t ntatat /q. ADDnWNAL COWNAMS. tsl addition to the covenants and ayrnements made in rite Security isatriame: t4 DOMWec' and: Load" f ac do etiveaastt sari tttlae m colour: A. {N7i>rt W M1M ANN htiolttil9i.Y.rAYttQltfi' CRAWAN ihs Note yrovidat forms Wtimi im oat rate of 0.75 _. 4ri. Sectlon 4 of the Note provides for d=W in tl* iitterac race a" the ' atoatlehr.payarlt>«s, as failtotnt: _ 1„ IiaFAEST RA tS AND AfOVt1M4 Y PAYA1FN7 CM4.NCl'S fill! Chattgtthalra ;...";`I., ,, lit' rate t WIN pay may change off -ft fiat day of �.M13Y � ;; a ul on that d y every Ml ye taoMha twnatierr. fad: dare as whick my interest rats couLi ctattgt:.it; called a" Min Data.". M 'ft>Ile tindri deginai S with the duct CMW state, my interest rate will be based Ono index, '1'►ia'.`imm" is the waekiy aveaw yield on United Suter Treasury se>rutitia adiveled R) a conamt maturity of 1 year. as made available by-thee Federal Reserve Board. The mot recent ldete figure avails not the4me4S days before aehChaWDnte iscaliedtbe "Curfe.nt inde3i.'.' *'..'. .. ;. If the Wo into loipr available. the 1 We Holder will choose a new,indett whSdi.is based upon comparable information. 'litre Note Hower will giw essotioe ofthisc1toice. (q. CtlatwaaatOngat. thrive s'nd one /ha...' ]ltllf'gre eaels�e Dw#.lbt Nwc Holder wig ctak'tt %W my new interest rate by +wid(liti percamugt per* r 5 ell) to thtr,Curreat index and roudiag to the nearest I /Sth of 1 e14. subject to tfAi lit u stated iii Section 4(D) below. Tbis rottided asrotent will be my new interest ate until the next Change hate. The Note Holder will tbo.4dereaim the amount of the monthly payment that wouI4 be sufficient to repay in full the priimao * 1 am expected to owe ote cleat CMW No in subatn atially equal payments by the maturity date of stay new interest rate. The rauk of thus calculation wilt be the new smoait of any soatijly payment. (D} "Oft we Met" aft ch"a" 12.?5 4i «tear than The iota** rate I m required to My' at the first Change Darr. +trill not be grater than . s :'T1tc►s±tt.n, t!ge t•s!•p* <w:il efwer he increo"Olor dwressed on any sineleC-hanse bare by more than t...sn-perc nt fi0m the rate aftjute*rtit 1 We'bm n paylm for the preceding twelve months. The minimum interest rate c rt ;l. °4is loan will never be less than Is Ale and the mi timutr interest rate wig never be greater than —15. 0 alt,, (E) Ef/is+AvteOate MC�aagsa ' My new inters ate will become effectivi on each Change Date. l wilt pay the amount of my new *iyliiy payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment cWsm again. (F) Nalike of tlb$A" The Note Holder will mar err deliver to tsltianotice before each C Part, a Date. The notice will advise (i) tbhr new intanctttive on my kwa:its of the Change Duax (il) tW amount of T "monthly payment following the Change irate; (iii) any a �dditiona'iptuttets which the Note Holder's requited to disclose; and (iv) thcaoilress of the association you could contact regarding any questions about the adjustment notice. L CHASM; tJENS Ltnifom Covenant 4 of the Security lnstr untent h attended to read as follows: L Chulln; Use. Borrower shear pay all tunes, assessments, mW other charges, fines, and impositions attributable to the ftoperty which may missiles a priority avers this Security In itrurnew. and leasehold payments of pymnd rents. if arty. in the stunner provided tender paragraph 2 hereof or. if not paid in such manner, by Borrower molting payment, when due, ftt.W. ly to the payee thereof. Borrower shall promptly furnish Lender Will modo es of senttysa is due trades this pang%*, and in the event Horrorwrtr!tld make payment directly, Borrower shag promptly rurniih to Leader raoe'I - eriiencinR such payments. Borrower shall promptly disi hire any lien which has priority over this.. *urity Instrument; ho virvsr. Dwitower shrtti tot t* rt quired to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such tiara in the manner arovuble to Leader; (b) shall ifi good faith contest such lien by, or defend against enfor- .0ment of node lies ia. ImIld proaedimp which in thirolt61WO of Lender operate toprtevtnt the enforcement of the lien or forfeiture of the Propny) trr any Part tw wf; «(c) slog secure from the wwer of such lien an agreement in a form satisfactory to Lender subordirnettirtg such lit is, lei this Stetwity Imiraiaem. If LotwWw dttern ims dvmi', 4 or any part of the Fromiy is stiaimi to a llei which clay aktAin a priority over this Setur Ity lnsirument, Lender shall give Borrows a nrAke identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days of the giving of the notice. C. hi(>tME iftifam Coveaaar 24 of the 5etwity Instrument is amended to read as follows: iii. %**@ F t%.-W lot any notice tequired under applimbie law to be gitien In anothtr manner. (a) any rotice to Horf >wer pm ided for in this Secutity instrument shall be given by deisver0a it or by mulimg it by first class nail to Borrower at the Property Address or at such ether address ab &dtci sit may detigrute by notice to Lender as ptovided herein, and (bl any notice to Lender shall be given by first slats snail to Lender's addrnv statrd hrrelr: tat w such other addrni as i ruder may dnlgnate bi noticeto Narrower as rravidrd trrarin. Anv rrwkr rTOVlifCd f0t In Ibit SKtitity f rsstt;lmCnt sha!1 the:ieemed to tilt be[n gEV[n to [;or, owes r ±r ! code► Korn glt [n sr! the mane: r d[= lgrtatcd 1?crcin. ti t