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<br /> . �iIIJUSTABL��tATE RIDF.�t S�-1o�s3a � � �.
<br /> � (1 Xar Trasury Indea-Rste G�) •
<br /> TNf3M�il53ABLE RA'i�KiflEft ismadcehis 12th �y�yp SeRtember ^�14 89 , " , .
<br /> � and is imarporated inta and�ali be deemod to amend and supptement the Mortsye, Deed af Triut,or Sacurity Deai (tbe.'.`5acarity .
<br /> ' ta�cr�c"1af tl�aamz.dr[tt.�¢hy the��'�'�si,--�4�e"Hoacawa")tn secure Baaowtr's�►d�ustibk Ratr 1Votc t�r„Ne�e"�to NOM� � ` _.. _
<br /> t �� �1At EJ11fIN3i i tOAM�iiOCiJ1TtOM O�CiRJiliD IS�AND.N�A�iKA tthc'*L+�nQer")af the samc due aad rove�the�. � ' ` � �.
<br /> a�r aesaibea tn.tbe seniricy I�crumeAC�sa{oc�ceaat� . .
<br /> 1 b�l�f W. Koen i g, �rand 1 s 1 and, NE 88$0 i � • � -
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<br /> ""' • �i �['0���lI{} ' . . _ .._.._..----,.. ..---..
<br /> 11is�e saa4�s �[ovWw f�awf�![�r e1�M f� � i�w�e a�! �q �MM� � . .
<br /> • pr�Nr.'I'iia�aie�Ys Y�Ilt t!e a��t�r I��sle er xi�ye it aq+we tl�e ari , , . .
<br /> . fM tYe�i�iw��sN tie rEBw�rste I wrt�. , .
<br /> AQDITIONAI.COYENAN'1'3.Lt addition to the covenanu and a�reements n�de in tLe;5ec�uit9 Imttummt,Borrower and Lrender _ - -
<br /> furtbet covenaat�nd�e��s fdlows: • .
<br /> -.-_5 �;.;�A,. IA�1'�ST�A7E A1�1D AtONTHL7i?AYM@1T CHAIVGFS , �- � : - � _
<br /> �; • �"�,e Nae Fcovtdes far aa[niti�l intaaG a*.r oF �2-� �Fi.Soction 4 of the Na•.e pccr�de3 for changes ia the intaest rate and tJ�e � �-''`;:, ,: .
<br /> �.�wiatbty'[�r��eent},a3 foilorvs: ,• . � � , ., , :
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<br /> . . .'�fi� INTE�r.'"S.,7'lt4 Z�.AL�MONTHLY PAYM�I?'�9NG�, . � �,. ', , • . . ." w�.� ;r,.
<br /> � 7'6e u�a�n��l�ay may chan je on[fzse�i#a�r a� , v�`�Je r '�' ' . .19 � .as�d cmciasi�yi�!,�� . . � ..
<br /> ` fi'`��`�'`�Q �nths therafter.Fach date 4aa�•bicT�my lnte:cst nte cot,.Y�dchsnge i�c#�'�i1 a:`C�a.�:�c�:,• �
<br /> , (Y) 7'ie I�s .. " '
<br /> " Hqinninr with We fust Chan�e Date,my interar rue will be b�ced on an Indac.T6e"Indez*'is the wakty avera�e yield an United 5tata
<br /> ` Trwury keuritia adjustod to s�onstant maturiry of 1 yar,as made available by tlx Federsl Reserrt Boud.The mast raent Index fijure
<br /> . � avaiiabk as of the dtte 45 days 6efore each C[�nae Date is called the"Currcnt Inde�c." .
<br /> If tlie Index is�no lonser availabk,the Note Hoida w71 choose a new index rihich is b�sed upon compuabk infocroatioa.The Note
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<br /> Holda will�ive me natice of this choico. . � .
<br /> ' (C� Caic�dM ol C�s .
<br /> , &tore ach Chanre Date,the Note Holder wiil calculate my new interest r�te by addins fa�� percmta�e
<br /> �s^ 4.0 ��io the Current indez and roundin�to the uqirat 1/8th oP I�Ri,subject co the limi[s st�ted in Section 4(D)Ixbw.
<br /> � TAL�rouacl�d amount wUl be my new interat cate until the nex�Cl�e D�te. ,
<br /> . The Note HoWer wifl then determine the unoWtt of the monthIy paymcnt thu would tre sufficient to repay in full thr plit�ip�tt 1 am
<br /> eapected to wve on thst Chan�e Dau in aubstantially equal payments by the maturity date at my�aew interat nte.The rault of this c�fcuWion
<br /> wilf be the new amount ot my mootWy payment.
<br /> — _—_— - ; (D) I�ib w��terest iWe C��ss
<br /> The intetest rate I asri required to pay at the first Change Date µ:: �ot be greater than �4•5 9• or !as th.an
<br /> 10.5 �,����my inurst rate will never be increased or decrea:;:on any single.Change Date by more ihan two Ge rG�ii'F
<br /> �2•�� ^fi�,ce.t�he r�.e cf interat 1 La�e been paying for the pre�a:;�-3 cwelve months.The minimum interest rate on thislo�a��rx�er�ae
<br /> kss than '�•4 "'e and che c�imum incertst rate will nec���reater tha:� I 6.0 4�,
<br /> (� F.![eeMieDNe+c�C.i� ' . . _
<br /> - -- ii�fy ntw intereat rau w�'II become effxtive on esc^�Change LY�te.l will pay the a:sount of�y new monthly psyment beginning on the fa�st �
<br /> monthly pnye�ent date aFter the Change Date nntil the amount of my manthly payment changes a2t3tn. �
<br /> (Fl NWl�eotCV�es �"
<br /> The Note Holder wil9 rr:a:l or de1:�er to me a notice before wch Char.ge Da::.T'he notice will advise me pf:
<br /> p) the new�:��t ratr on my toan as of the Change t3ate; �
<br /> (ii) the amoe:i cf my monthly payment foltawin�the Change Date; `
<br /> (iii) any additional matters which the Note Holder is required to disclose;and
<br /> (Iv) the adclress of the usociation you coutd cantsct rtgarding any questions abaui the adjuument noticr. -
<br /> a. CNARCFS;LIENS
<br /> Uni[orm Covrnant 4 of the Security lnstrument is ame�ded to rqd as follows:
<br /> . 1. Clu�es;IJe�.Bonawer shall pay a)1 taxes,assessments,and other charges,Fues.and impositions attributable to the Property which may
<br /> _. �tWn apriority over this Secudty Instrument.�nd le�sehold p�yrmnts otaround rems.if zny,in tfis rtmnner provided undec puagraph 2 hereof
<br /> � or.if not paid in such manner,by Horrower m�king payment,when due.directly to the paya thereof.Borrower shall promptiy furnish Lender '
<br />. ; all notices of amounts due under this paragraph.and in the event Borrower shall make payment directly.Borrower shall proroptly furaish to
<br /> L.ender rxeipts evidencing such payments. Borrower shali pramptly dis�charge any Iien which has priority over this�ec�ni^y lnstrument;
<br /> : howeva.�[>�����ad not be required to�ischarge any such lIs�s so tong as Borrower. (a)shall agree in writing to the Cayment of the
<br /> obtiyuion sa�r•ai bp:.w:St.fiien in the�tt�ti�er actept�bie r+�Lender;rip shall in goad faith cantrst such lien by,er d�,�iend aaainst enfarctment of � _��__.__
<br /> _ • .,'such lien in,le�al proctxtitYl�!i,whicb ia ths opin:att��f i:��der operate to prevent the enforcemmt of the lien or C�i�feiture of thd Property or any ' t
<br /> � part thereof;or(c)sha1G�,�re frnm tiZe holdtr of such lien as�agreement in o farm satisPactory to Lender subordinating such lien to this • '" ' '�
<br /> _� Security Instrumeet. . ! �
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<br /> -'. ' iTi.ender determina t:7at aI}vf�Ei;:�/pari of the ProQttty is s.ilt�i:ct to a lien which may a::a:n a priority over this Security tnstrpment, j
<br /> L,e'�Werlhall yve Borrower a notia idrntifyina such lien.Horrower s:�all satisfy such liro or take one or more of the actions set forth above . ;
<br /> ._ ' withio trn d�ys of the givin=of the notice. �
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<br /> Unifarm Cor•enant 14 of the Secudty t�strument is amended ro read as follows:
<br /> 11. Nodee.Er.cept for t�r►y�totice rcyuired under applicable law to be given in anotfier manner.(a)any notice to Borrotiver prnvided for in this
<br /> 5tctttitylnstrumertt shall i�e given by delive4ing it ot by mal6ng it by Grst cl;us mail tu 8nrrowcr at thc Property.�ddress or at such other actdress ` .
<br /> `� qs Borrow•cr may dtsignate by notice to Lender as provtrkd herein,ttnd @)aey rtotice to Lendrr shall.bt pjrcn by first c�as5 maii ta Lender's � „
<br /> - adAressstated herein ar to such oihcr addtess as Lender may designate by notice w Burroµrr as pruvidtd herein.Any cie�tice prnvzde:!fur m tlu�
<br /> �► Security Instcument shaD be dccm�d tu have bccn given tn Burrower or!endcr when given in thc manncr designated hcrcin. � �
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