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<br /> '� . < �����I.E ��� �D�� 2�028385 _ -.
<br /> ' �','.� . _ (1 Year Trea�ury Iudex-Rate Caps)
<br /> �;:•� —
<br /> , 4 20TH day of JANUARY . -__
<br /> THIS ADJUSTABLE RATE RIDER is ina.de this =_-
<br /> � ��° � b 9�� ,aad is incocporuted ini4 and shal! be daemed to amend and supplement che PIlort�age,R�d of __
<br /> .t��� ___
<br /> �.:,---.7 Trust or Sccvrity Qeed(tt�'Sec�►riry Instrument")of the sazne date given by the undetsigtted(the"Bflrrotvgr")to YR
<br /> ,,..,-�� . �„ the g�rrower's pdjustable Rate Note(the"Note")to
<br />-',�..--y� T e E�aitaDle Building aad 4naa dsaociatio� ai 6raad 19I8II�� 8.6raata, A Federal Snviega Baat
<br /> ` (the°Leuder")oE the sazne dzte aud covering the property described in the S�writy Instcument arcd iocated a� _
<br /> ,�� ��'� 36i 9 BRO;�GO RU GR�iIdD I SLI�ND�A1B�BR�A�� 6��Q3 --
<br /> ;n��y` •' TNE lIfOYE f�Di'l:TAL�S PitOVt&SaNS /��WING FOR CKQNGES iRl THE INTERf.ST
<br /> ;�...�;� '
<br />- �. F3pTE AN� 'lE�� P�S3911Ti�t�.V I�AYNIFN4. YHE NOTE Ltl�111TS '�f#E A!lAOUN7 THE
<br /> BORE€O��R'S iNTEREST R4�'QL CAlN CHANGE AT ANY ORi� T{ME AHO THE
<br /> . MAXft1'!�E'A FiA7'E T4�IE BORii�t��MlDST PAY.
<br /> r.-.nf�i.' �jl f' •7
<br /> . �`i'r: � , �DiTIONAL COVENi�.'►ITS.In addition c�tl�e o�nants and a ts a�.n the Secv.►i Instrua�i. _
<br />.'.;`�.,` f� � Botrower and I.eader further covenant and agrce •
<br /> �:,-�.c�'� ��.�
<br />;°'"`�'-.- A,Q�RE��'xT'i�TE AND MONTHE.�'c F�AYMEI�IT C�3ANGE5
<br /> . ,-�;-
<br /> � �`fr
<br /> " 6.37 5 ;'o.Tlie DIote provides for ch?�es in
<br />_-�:"'j�'� The Note provides for an ini�sl u►tere�t rate of
<br />��;r, z nts,asfoAo�vs:
<br />- the interest rate�d the mo�zalY PaY�
<br /> _�I.�::_:
<br /> _.',t=-s•�' 4.L'�Tl ER�sIP�:��TE AND MONTHI.Y PAYNIENT CHANGES
<br />",�.;;::,� ' .
<br />=«��-;;a�
<br />.:::�`a='� (A)Cha�ge�ates �EBR�T.�RY y 20m4 ,and ons�sit
<br />__--�=���, Ths interest rate I will pay may change on the first day of „
<br /> -�;y��;� day every 12th montL ti�ereafter.Ea�h date on which my interest ratr•��!d c1►ange is called a"�4���
<br /> '=-=- _.� •
<br /> -_��-
<br />;«:_�_n-_�� B)7'he I�r�i�4
<br /> ----��_�_�� g�g�ning cvitb the ftsc Change Date. my interesc rate wiU be E���° on an�ex.'i`he"Index" is th�w�ekly
<br /> -- average yield on Unitec�Stntzs Treasury sscurities adjusted w a constant maturiry of 1 year,as made available s�
<br /> J- � the Federal I��YSn+e Bo�d.7Che most recerct Index figure available as cf the dflte 45 days before each Changt Date
<br /> �--- �' is called tlie'�uer=rem Index."
<br /> . ���s-�e��
<br /> --- - - If th2 In�i�t.�no longer available.the Note Holder will choose�cew index which is based upon oomparuele
<br /> ___ �:� i�'Q�+�;cr.r;�Note Holder will give ms notice of this choice.
<br /> _�� (C��s�fcs�i�ion of Cbaagcs
<br /> = Before�r:iri��.'xange Da.e.the Nate Holder wil!calculate r f��;i:�:�by adding �`))f,�t� . .
<br /> - 1y�p perce�e poin.f i �. ; rcenta e '
<br /> -.�
<br /> - - Index.The No..,Ho13s��:J then round the result of this addst:cn rt; �e aeare�t one-eigh.;i1.r,�'�..ae Pe 8
<br /> -- � point(0.125 0). Subjecs r..�'-`e limits stated in 5ection 4(D)beloH.tis,�� :�oun�'.nrsr:�ni wi��1�my new interest
<br /> rate until the a wrt ChanBe i�ate.
<br /> � ruid be sufficient to npay tve
<br />_ =Y___-�--� The NQt,�Cir;�.der wil!then determine the amount of the monthly��ty:�ent ttw.:i�:
<br /> --- '� unpaid prir.�r�xrl tjiat I am expected to owe at the Change Date in fe.l�cr.the Maturit�Date a3 mY n�'a i�t.��
<br /> — � in substantia'tf�equal pay.rer►u.The result of this calcnlation will h;,the ne�v amount of my monthly p y�►
<br /> _ ��
<br /> .�� •
<br /> � (ID)Limits on Interest�tate C�unges c�
<br /> - 'Phe inicrc.-st rate I am required to pay at the first Change Date will noi lse�rza'a than 8.3?5
<br />--����{� or less than 4.3 7 S Sc.'i'f►ereafter.�y intern.st�ate will never be increasad or decKe�sed on
<br /> ------- any single Change Date by more than two percentqge points(2.05�)from the rate of interest I hav:.boen �S
<br /> �`'"�"`�� for the preoeding twelve months.My interest rate will never be greater than g 1.375
<br /> --�� -�� My interest rate wi11 never be lower than 4.37S�X.
<br /> �r�:=,-�:�.,�� (E)Ef4'e�13da Dutc of Changtiw
<br /> _�����; My ae�v inlrrest aa?e will bsoome effcxtive on each Change DycL. '�rfill p�y the amount of my ne�+monthlgr
<br /> - --�:_,
<br /> _._ �;';jss�,�� paymYnl beginning on th�first monihly paym=nt d�te alfter the Ciiange Das�unti� tl:�amflunt of my m�n y
<br /> _--�s���� p�.�msat ch�nges again.
<br /> __�;y;;3s;!.��y''i .'
<br /> ----„�.�. (F)NoLFce of Ct�angcs
<br /> �-�=,.'�� The Nate}lolder vuill dsliver or n�il to mz n aatioe of any changes�n my interesi ra*e and the azn�vnt of my
<br /> ".:as�.�ilil�." y �b=, °
<br /> -�. � ;��; z � mo�Iy p:►ymeni Ir_fan ihe effective dai�e of an c Tt��otice w►11 include informatio L�es�uires�ma i&h3vs
<br /> �y�"<._. ,. }� ven �ne and rilso the title and tele horie nurnt�v af a y'snn W+ho ��1� answer uny q'_ �
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<br /> _: r�.,, ,.� , terardinb the Ruiice.
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<br /> . -�?; �•+�,z'g. MULT[STATE A4Jl1STASLE R/fTE R1DfF1-QR1N 5-2-Sirtglo Pamily-Fa�u�i�11tr1Fnd6�NI�C Urt'•am[nstrt�=►131118l85
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