|
.. ' . i�AF��� ���ti_ . .__ '_
<br /> � � t.. , r _ "'
<br />- _. .` .. . . .._.._ �"�i �p _. . ..
<br />. ^ 1i fi:f.` . . . ..
<br /> .x�.��. - . ,, -
<br /> ' . � , r, a . .. _ _ .. ..-
<br /> . . . - " � Y -- -— - - —_. - �
<br /> .'h: �� � � �T
<br /> V��. �j..�
<br /> -_ : --._ �. • AI�JUSTABLE RATE RIDER 9i--�i o23$6
<br /> -� � (1 Ywr Treasury tadac•Rak Caps)
<br /> ._ TH19 ADJUSTABLB RATE RIDER u m�dt this��_d�Y of APRTI: �l4..��. ` -
<br /> - - �+�d i�leoorpontad lato and �lull bo deetned to�mend u►d tuppkment tht Mort�e� Deod of Trwt,or Sxurlty Deed(�••��Y
<br /> �' Instruroeet")ot tha s�me date{iven by tde uada�lened lthe"8orrower")to�ecuro Borrower's Adjwwbk Rate iVota(the"Nate•')to�,Q�
<br /> — ��(�,as�'��;�:o'-.��AN/18SOCIATI�Ii OF GiUND ISLAN0.NCORA�Itbo"t.e+�da••)of�Iw wne d�t��ad cov�Yy��IN
<br /> - -- propertr dpaibd in tbo Security In�ument and laxtod at:
<br /> .
<br /> t..•� IPr�Y A rw)
<br /> ���av 7'M� �te cosWn Pro�bbr �WwVi ta c�[� u �T I�te�W nk � � �atl�lf
<br /> ' --_ : �,we�p.11M wtt�Wrta lY���aut��Ist�ral�aN cu cM�N W�we d��M
<br /> �g� ''- �YO wtMi���M�14�nM 1�q piUr.
<br /> �:i�uA���• � —
<br /> ';-i�� � ADDITIONA4 COVidNAM'8.1n addidon to the covenana and aYreaoem�made in the Secudtf�Irotruauab BoROwer wd 4ender -
<br /> .:;� °' --
<br /> . �,
<br /> futtetr covannt�ad�a�s follovur.
<br /> ,. ,i:
<br /> � A. INT�bT RATE AND MQNTHLY PAYMENT CNAN(iFB _
<br /> --- .��}, ' � �--^��, The Nota p�ovida for an iNQd intetpt rate ot 9.5 qi.Sectiun 4 of the Nate provktes tar clw�aYa iu tl►e iataat n�e aud�he r--
<br /> ;r •��.r �OOOtNY Wyaunu.4f foUows:
<br /> � '.'_'`�'�"�'��y n 4. /NTERESTRATBANDMONTHLYPAYM�IVTCHANOES =
<br /> s• •
<br /> _. y�. `".� (A) Ga��IMYr
<br /> Gp�
<br /> --�,' '�' ',,:' .r,?.. The leterat nte 1 wfp pay may change an the pnt day of MAY ,19_�—��d an thu d�Y every
<br /> h4�,
<br /> , Sr{ ,,� �j[�,y,$,,(1?) monthr themfter.Each date on wUlch my interest rate could chanae is calkd w"Clw�e Date.
<br /> : ��5������C:t
<br /> --�-d;,=<<_ �,�r�� �:.� (6) 7'Yt I�Otit
<br /> --'-"`;�.�� �� �.�', Be�inninQ with the flnt Chan�e Date,my Interat r A t e w i l l b e b a s e d o n e n I n den.The"index"is the wakly Rvera�e yleld on Un[tad Sutes
<br /> .,..,-...���}�'4: x
<br /> .�s, �., 71�as�ryr�ycitta adjwted to a conusnt maturlty of 1 yar,as made availnble by�he Federal Raave Boud.The mat reaat lodac iyure
<br /> __��:,,�-� `�"' . : av�ilabk w of the date43 days 6efarc eech ChanAe DAte ia eoUUed the"Cunent Index.,•
<br /> _ �.�,..,sry;,_,..•�r,y.1� � �..y..
<br /> � , If Ihe Indac it no lon�er aval4ble,the NtKe E�older wiu choo�e a new ladwc which it ba�d�po�a�P+������°p'�Nota _
<br /> '=r��:;:���"' liolder wlll�ive me nalce of this choice. �,
<br /> "-�' ;��cr�,v,�i a�!_ (�) C�k�d�ionoiCG�e --
<br /> '��Y Y�' `r� �� � deforc each Ch�a4e Date,the Note Holder will calculate my new interest rate by addin{ ""_ `�� & A#8 HflbF P��nu�e
<br /> ,.� ;�t ; ;�,' poinis( T��—�)to the Glurenl lndac snd roundin�to the nearat I/B�h of 19i.�ubject�o the 8miu:t�ted in Sectfon 4(D)below.
<br />,��,-�-�, �:,�,�,1),��5?,'04., c;tl.
<br /> _, , t,,�1,� 'ihis raunded amount wIU be my new interat rate untl)the next ChanBe Date. �„_••
<br /> °'���� , ' �^�'�" t'' The Note Holder wi0 ttmn detetmine the amount of�he monthly payment that would be autticient to rep�y in full the principal 1 am --
<br /> .,:'y}�• t'�.,.,� --
<br />`=3��� r'� e�pected to ow�on th�l ClunQe D�u in substantinlly equal pwrnenu by the maturi�y date At my new Interat rate.The rault of thb cakul�Uon
<br />'_.�:r lJtv:'.i:.i�i,�, . _
<br />.,z,,f,.: .. ,. • wW be thc new amount of my montWy paymmt.
<br /> 7r.�1'•. . � .�... .r .Y-'„,'
<br />';°�;: . ' r, (D) I1�Ybo�i�bnstlVteG9��nQa �`�--
<br /> �,.:: ;,L...y y: " t t �n � or las ihan ��;��.
<br />'�,�,,,,,� ,t�, , ;� , � '['lie interat rote 1 am reqnired to pay at the fint Change Date will not be greater than —�_
<br /> -��.C; . �. ,,,,�,s�g hi.Th¢reafur,my interat�au wilt never be increased or decreased on any single Change Date by morc thm...�.sg,�
<br />`,�� ",�'•. •� � `' �the race of intaat 1 hevo ban puying for the preceding twelve montha.The mfnimum intera�rate on this loon will navu be _ -
<br />�:��� ,,.,: � -�19—P� 14.50 -
<br />- ':.` •�;,•��r,�:..�.,:,.:. las t4ao �'i�nd�he maximum interat nte will never be Yrcate�t►wn '�.
<br /> ,"'�q,�.rf � � , (El Etfcedv�D�te ot C6�e�es .°
<br /> ; < <„
<br /> w,�� 7��);�����yp.,� �ryy new interat rato will become eftectfve on each Chenae Da�e.1 wiD�+at thr amount oF my new monthly payment beainnin�on the nt �,,-.
<br /> -}�.l���u trp���: ,:�� �aonthly p�ymen�date aRer�he Ch�nae I�te uad{the amaunt of my monthly pa,�men�chanye+a9ain,
<br /> ,��',�t� � „M.. (�.�.
<br /> __ _ (F► Notic�otp�raes �
<br />'=-�� �� •� �� � � The Nott Holder wfll rn�il cx dellv��to me a notice hefore each Chanae Dote.The�atice will advise me at:
<br /> �Ki�' � �� ' • Q) the new Interest wtr oo my la�n as ot tha Change Date; ---
<br />_::�tp-r, =-���:,�- � ' -
<br /> ��� ' y .t;.;;;••�:;, (ii) �heunount oPmymonthly payment fbllowfng the Chnnge pate; ---
<br /> ::�;� ,,p;;�y�;��� (iii) any additiorul mbten which the Note Holder is requfred to disclose:and �•
<br /> -• ;, �`n•
<br />`;_� ,�� , ,3,•.:,;','.. •:� , (iv) the oddras oi theuaocioUon you could coMact reQardina eny queations about Ihe adjw�ment natice. -
<br />`;: •`,.� . , _
<br /> � � /. Q�}IARGFSt LIEN3 'ri:,
<br /> ' " Umform Covenont 4 of the Security Instrument is amcnded�o rcad as follows: � �:
<br /> � 1. CYsKai IJen.9orcower shall paY oll ta�ca,assessmenu,ond otf�er chargn,fines,and impanition�aurfbutable�o the Properey wGich may "•+��•,
<br />' - ottain a prio�ity over thu Security Instrumenl,and leasehdd payments of ground trntc,if any.in the manner provided under pnraQnpA 2 hereo( .
<br /> or.ii not paid fn�uch manner,by Bottower making payrnent,when due,direcUy ta Ihe paya thereof.Bortower shall promptly fumi�U l.eoder �
<br /> �f' 'Yy:!,�. dl notices of amounta duc nnder this patagraph,and in the event Bo�rower�hall make puyment directly,gorrower shnU promptly furnisA eo i
<br /> - • �,t,;; • Ltader receipta evidertcieQ aucfa�ayments. Borrower sholl prompAy discharge any lien which has priority over thi:Security Instrument;
<br />, �,, , � qowtver,Bonower�halL not Ue required to dl.uMarge ony such lien so long as Horruwer. la)shall agra in wHtfne Io the paya�eat ot efx �
<br /> '���•Y-{ •' . •• ; obli�adon secutal bysuch Iven in the mAnner atcepiable to Lender:Ib)shell in gcwd faith cunttst such lien by,or dehnd a�ainst enforeemeet of
<br /> .�r;. --
<br /> •';;;'-:+���•� � wch Ifen fn,tegd praeedings whkh m the opimon of Lender operata«�preveni�he eniorcement o(ihe lirn or forteiwre ot the Property a any
<br />;;,.i�r;;:�" p�rt thercof;or(c)shall secwe from Ehe hvider ot such Iien an agreemeM in e form wllsfactory lo Lender subordinatinQ sucb tien to tlta �
<br /> � Security Instrument. �
<br /> ...�.,�a.......a.... ...� ou,..4..,,..e.�.,r��p.�ner�v i<�wbiec�to a licn whfch may uualn a priority over this 5ecurf�y In�trumen�,
<br /> � ' ' •• � � ` '� Lender sh�ll 4ive Borrower a nolke idendtyina such lien.Horrower xhall sadsty wch lian or tuke one or more ot Ihe acUons set forth above �
<br /> • � _ wilAln trn days of the QIWnQ of the notice. �
<br /> � I
<br /> ; ,� • . C. N07'ICE '
<br /> • . �, Uni(orm Covenont 14 oi tht 5ecud�y Instrumcnt fs amcnded to read as followx:
<br /> I�. Notice.Ezcept for any hotice required under applicable law tu be given in nnotfier manner.la)eny notice io Borrower provided for fn this
<br /> • 5ecuriry Instrument shall be gfven by delivering ft or by mdling i�by firsl class ma�l w Horrower at the Property Address or at such ot hrr qddress
<br /> . . u Borrower may deslgnate by nollce to Lender us provided herein,and Ib)any no�ice to Lender shall be given by flrst class maA to l.ender's
<br /> • �ddress stated herein or to such oiher address as 4ender rn�y designute by notice to dorrower as provided herein.Any notfce�+rovided for ro�hiti
<br /> � � „ Securily Irotrument shall be deetned to have been given eo Borrower or Lender when given in the manner designated herein. �
<br /> . ;, , � .
<br /> � �'� �
<br />
|