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<br /> -, '�Y�,�Y ° ° ll Ytar Ttc��ury lndc.r•Reco41���) c �,
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<br /> „�ri.� aud iy incur��oraicd Buo nnd shall ba ctcrniM to nmend and eu�p!cncnt iho h1a�t$Agc, 1?ttd ot 7Yust, cr Sccurr�y L?cc;� phr "S�c.urity
<br />:.: ---
<br /> `=' t � Instrument"�of tha samo dato�ivcn Ay tha�u�dcrolXr.eil phe"Etprrowcr")tu ct�:uro ITmra�:�tr'e P.djusiabS:Itnte[taic i►A^"Noto")te,,,,,,,_,�. _----
<br /> �; �:_� �n�+�.r.nvr��_ �.���,N„��sr�inti�.n�cu�Ae�r�t�►��.�e��t-,�c����������s���r4���.�t,►�c� —
<br /> _= -- p:a;�rt)dw:ti�!in t��u.ity I�ateur�:nt zudtacate�at:
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<br /> •-•°-- �- 7315 WeyC 11th� Grand Taland• N� a98a� --=
<br /> . iY . ., ' .—. '�' (Pro�xityAddres9) ' . —
<br /> 'RYrrb noto costaln� provt9loR� �ilokinB (al chenge,� (n �y (nterc�l rnte�cd miy �ox�thtv
<br /> . p�y7nent�,Yhlv notc alsu Umila It�u pmauul aiy latcseol iAto cpn chao�a at a�y oa:Uro ar.� ��—
<br /> at�o t�o n�lutnwm�nd ttta maximum ratc 1 m�st p�ty�
<br /> - -- ----- AI�i�ITI!?NA1.(Y)VPNAN"F;C In addltlon to tho covcnnnta and ngrccmcnts mudc(r�tha Sccurlty lnstn►mcnt,[tflnawcr c�d I.er_t� - '
<br />" .. . � _.._._.._�__.-- -- _
<br /> funher covcnnnt nnd agrco as foilu+ns:
<br /> � r.���A�-
<br /> . ' , ' A. I1VTi'sNt•�T ItA,TE ANID�Si�N`T}�11,Y G'AA'�°JF�I��f CMANGES ��--==`--
<br /> , 7'he Note providcs far nn IN�i�I int:rcyt rate oti�_.�'._.L5_��%o.SccUon 4 of the Note pruvidos for ehunges��.i tF.e inteirst rnte ar.d r,h;� e_��-- _
<br /> mnmhly paymcnts,ns follows: �'T�
<br /> . ,. �:.►t�r�.:ta
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<br /> , 4. lNTIiRF.S7'R/iTtiANI)Att�1'�','�1)'f:4!'�t8'�r CJ3AA'C%f:� ,�,;1�--_-
<br /> '" (A1 Cd�nga llatc� °:'�
<br /> " � � � Thc Intcres�mtc 1 will pav u�.�.ehangc on thc(i�st dny of f�ly�_�._ . _,19 92_,and on that dsy cvcry „ �°
<br /> 12 montRs tR;��caftcr.Ench d�►tc an which my Intcrest rntc cauld chnngc is capcd a"Changc Date." � "`�> ;` �"=``.
<br /> � •?�`•`;il'l, , ,•',;_.�
<br /> , . (�) Thelndes .` �,,r��'`; —
<br /> �• Bcginning wlih thc fir��Ct�n��Antc,my Intcrest mtc wlll be bnsed an nn Index.Tho"i�den"is tAe wcekly nvcruge yieid on United Statcs �:��;�+�y���� • �=_.
<br /> � T r c n s u ry s c c u r i d c�n d J ust cd ta a��nstont mawNt y aP 1 ycar,ns mndc nvnllablc by�hc�cJcrul Rcscrvc Board.Thc most rcccm index i"tr,use �?' ,�it;r<i t�
<br /> nvallablc as of'thc dntc 44 dacv beforc cnch Ghnngc Date is calicd�hc"Currcnt Indcx." � �f'�"'
<br /> ,��:;�5�;,
<br /> 1P!hc U:dOX IA I10 IOi�.�AvAllablc,lhe Note FialJer�vi►1 chaose n ncw indc�which Is bnsed upon wmpaTab4c informatir^. '�Y�c ivetc � '."1��,Q�;n�;�
<br /> Hn:dcr�vitl givo mc noti�r oY tRis cP�olcc. �`��`
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<br /> . ,�') l:a�CU4staon uf 4"han * � ` +�,`
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<br /> �;Wre enc.9 t`is:mg;'lT�.tc,tne Note Flolder will calculute my new interest tate by adding thTe��d ane-hal f percentage � `;;�,ja��,:.'• ,
<br /> 'i.K ��10�tu:Currcnt Index nnd roundinII w�ho nearest 1/Bth of 1�lo,sub�cc�ta ihe Ilmits atnted In Section 4(p)betow. �
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<br /> � Tliis rounded nmamti.�tiill rc n�c r.c.v intcrnt rntc until thc ncxt Chi►ngc nata � � :` ' '�1�
<br /> � ' 'The Nnte H�Ud.r�vil1 the::de:c�mine the nmount oP Ihe monthly paymem thnt would be s�:f'F.icient to repay in fuQ the princlpal I nm � �` ''� ' ' . "'��;.
<br /> i �ia - � 1 � �.
<br /> ��___ _______ cx!?rctcd to awc on Ihnl Changc��:°�n substandally equnl paymen�s by tho mnturity date at my ne��intcrcst r�tc.The result aP thla wlculatian - . � �• ,
<br /> �.._-l-• -{ - - !
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<br /> �'`-,- _ - wtU 4�c tho new nmount of my mon�hly payment. � 'i�:4 . �' -�
<br /> (p) I.Iml�v on Inte�csl Rate Chongca r � ,4`��
<br /> Thc intcrCq� rntc 1 am rcqulrcd io puy ot the ❑rsi Changc I)alc wlll not bc grcatcr ihan �u:�� °/o o� Icss than I
<br /> � -h7.�aG,;�3.. �b.Thcreaftcr,my intcrest rntc wiU ncvcr bc inarcascd or dc�rcasccl on nny singlc Clinngc Ua�c by morc thnn__�Wa t
<br /> .�;.�� from the rotc of intcrc9t 1 havc bccn paying for thc prcccd�ng twclvc momhs,Thc minimum intcrcct ratc an this la�n»�i,1 nevcr bc • , �
<br /> IcsS t'hm�_..6�.�� °b and thc mcudmum intcrc�t►atc wlll ncvcr be greatcr than ��•25 °/o, i • �
<br /> 4�'D �.CRccSire Qato of Changcs
<br /> �9y no��inl:res4 rate will bccamc cifc�tivc on each Chi�ngc Datc.I wlll pny�he nmount af my new monthly paymcnt bcginni�on thc first l
<br /> „�.,`�}; . monzn��ymum daio nftcr ihc l'hanQe pate undl thc amoun�of my manihly payment chan�es c�aln. , ,
<br /> �
<br /> ' fF) NallceotChAnge+ ; ,
<br /> " Thc Nute tiolder wiQ ma11 or dcH�•cr ta mc 1 naticc b.fore cach Change Aate.The noQce o�ilt advlee m�of: „
<br /> : ' (i) �hc new inurest rntc on my lonn n9 oP thc Chnngc potc; � .;�;:;,t
<br /> (ii) thc nmaun�uPmy monthly payment followiag thc Clu�n�c patc; i � '`'�:�;��;
<br /> ' pii) any additiannl matters which ihe Nate Holdet is required to disclose;nnd
<br /> ' , pv) the address aP Ihc nssaclation yau could contncl rcuardin({any Qucstlons nbout thc adjustmcnt noticc. ,
<br /> ,. ',, B. C�,1AlCGk`�:1.IEN9 ; � •
<br /> i!�;�' UniSa:m Ca�enant 4 of Ihc 5ccurity Instrument is nmcndcd to rcud c�s fc�llows: �
<br /> '• � , �� C. 4'Qwrges�l.icnv.Borrower!ha11�.y ail taxcs,assessments,and othcr chnrgcs,fines,nnd impositions attrlbulabl�to Ihe P�apeny which muY
<br />'�`' "' �t;nin a priatity ovc�this Sc�curit�•[rstrumcnt,and Icaschold p:�ymcnt�of Bround rems,if any,in ahe mAnnc�pravidcd undcr pnrug�aph 2 hcrcoP .
<br /> � ��r� ' � or,if not paid in u�ch mnnnc�,Dy Sorrowcr making payment,whcn dnc.dircctly ta�he payee thcreof.Borrawer shall pramptly h�rnish l.cndar
<br /> , � a;�naticcs of amei:�ts duc undcr lhis pnrag�aph,and in�hc cvent liorro���cr shall makc payment dircctly, Borrawer shall promptly furnish to
<br /> txnder receSpts eci�iencing such paymcm�. Horrower sh:dl promptly discharge nny licn which has priorlty over �his Secudty Insirumenq ,
<br /> ,,,_,_ ..._._-_,_,. hon•a�cr, Borrawcr Sh811 Ilut bC fCqUlffd lo dlsChp(gC any surh licn sa long as Rorn�tire�: (a)ahaii ngrcc In wriQn@ to the paymcnt af iAc �
<br /> e��:�atlon sccurcd hy such Ilcn in�hc mnnncr ncccpiablc ia l.ender;Ib)shall in gocxl faith contcst such licn by,ar dc(cnd ngalnst cnfarccmcn�oF
<br /> such Hcn in,legul proccedinps which in thc opinian of Lcndcr operatc io prc�cn�thc cnforccment of thc licn or fottcUure a(the Pro�:rty or any
<br /> parl ihcrcaf;or(c) shnll sccurc fn�m�hc holdcr u(such lirn an agrccmcnt in a form sadsiactory to 4cndcr subordinatlng such licn ro this
<br /> ' Sccurity Instrumcnt.
<br /> , If Lcndcr dctcrmincs thal all i+r any pa�t nf�hc Pro�xny is�ubJecl io a Hcn which may uttain a prioriry o�•er this Sccuriiy instrumcnt,
<br /> 4ender shnll glve Aorrower.�no�ice idemifying�uch licn. Bnrro��er ehall satlsfy such lien or take e�ne or more af the acdons set f�rth nbove
<br /> • �vithin Icn days of thc giving af ihc noticc.
<br /> C. NQ'IICF:
<br /> Unlform Covcnunt Ib uf thc Sccuriry Instrumcnt is omcndcd tu rcad us follows:
<br /> U. Notice.Exccps ior any naticc�cquitcd undtr np►�licablc la�n to hc givcn in imothcr manncr,(a)any noticc io Norrower prrnidcd far in ihis
<br /> ' Sccu�ity Ins�rumcro shatl bc givcn by dclivcrinfl it m bv mailing it by firsl class mail to Horrc�acr n��hc Nropcny Addresc i�r a�such othcr address
<br /> as Hatrowcr may dcsignutc by noticc Io l.cndcr a+prnHdcd hcrcin,and Ih1 imy noucc�o l.cndcr shall bc divcn by�rsi �lass mail to Lendcr's
<br /> � nddrese stated herein ar Io such other addre��as I.cn�et may desi�tnate hy noUre to liorro�scr as pro�ided hercin.Any notice provided far in this
<br /> Sccurity Inslrumcnt shall be dccmcd to hn��e been glvcn to Iiorrox�er or Lender whcn gl�cn in Ihc manncr dcsipna�cd hcrcin.
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