|
�6. ti �. �F•. '�:= . ��; . ._.. --�`.� : 9, �`/�� \br ,, . � . ._ _lv `°�
<br /> :.. 'A . �4 ,... � • , ``
<br /> �4� . . .. ���� _ , �F ;. . . ,-- `--- . �.>• - :�:�: :.-� -�=---..__._s...__ r.. - _�
<br /> r �, � - ,. . -
<br /> __ _ ,
<br /> �
<br /> '�_�..�.....�..�__....._r�.11�.� ..._r� _..�.._....�.,..._..._'__ . .'_.___.._��..�_.._.. �._._.�..���.. - -.
<br /> . �
<br />._�_..��.r�._..-----�,�'r _. '..�.---°- -. - .-.. . _ .-- -_-- •- - -
<br /> .. �._._.,z--.--,•-----------°---�-�----•-----�-----_ --... . _ __ __
<br /> . .. ----� �\ ' �v�---� �- - �- � - ;�:�;._-
<br /> ----�---- -- ' . ,. ��- °�
<br /> __ . _...
<br /> _ ..... ' �.�_ _
<br /> . ; '� � -
<br /> .. • i}' . • _ _:
<br /> � --
<br /> . . .. .
<br /> , _. . __.._..__. _
<br /> ------• ��ti__�i --- .
<br /> • ._. ... _-..._._
<br /> ___, . ---1 . �:..� - .: _ - . ,. . . �;__ =--�__- -
<br /> , ��
<br /> ' , '_" _.,. __ _
<br /> , � - A�.1�lU�'�'A�.l1�,�; �t�7f1� �tll��:�t � _ _
<br /> � - �- /�� _
<br /> ,..r � . _ � � ` (1 Vea�'�rcniury lndcx•H�tc�'al»? �1.� �V t,���4b �� ��'' � �,
<br />� ���,� .�. a� - -
<br /> �x - k* :IUNE ...__ 1991_ . ' �� -
<br /> ,+,. .. TIi15 Al�lUSTApi.t3 RA7'L HIUN:t i�mndo�ht� . _.��7H_ ...aay ur ._ - _.. _.. ._.. ___ , •� ,}� __� -
<br /> '�` " ond I�inca�porated lato and eAni1 he dccmccl tn�mcnd xnd eupplcmaet Iho MuNaa�c, Q:cd of'�nnl. nr Sccurily tk.`�1(Q�e "Seen�lty __
<br /> : : -, _� �_
<br /> -� In9tt�ment"►ut tha a�rt�a cl�t�glecn bY thc undaelgnc�!(Ihc"(torv�Hcr")ta sccurc Uoreawct'�Ad1wt�Alo Itatc Nut�phc"Nolc")la ttl�� �; � __ * __
<br /> a..,� � '"''° � FFt��RA� 6AVIN8'3�_�.4Afd���� � �F�1,�iAtil�If:i-AHp.N�Elp!l�KA(thc••I.endzr"1 tlf tNr a�ms<4a�o aml co4e►ln�ths E , — .� �"' °_
<br /> ';, : � propertydcscrlDcd In thaSccutity Instrumcnt and t�tc<I al: ' _��
<br /> �•�
<br />_� �,� : . 417 ul WINQQLPN. GRANG ISLANI�o NE fi8S01/Z02 L]AK� ALUA� NE 6F]B1C1 � �.� � - - ,��.- -
<br /> �,`,�. .�....._....._._-�-..._. • (A�op,:nyAddrcss) :. �--_-
<br /> 'fhl�aoto conl�ln� provblan� dia�ing (or ch�oge� (n �ny latercal ��to anQ my monthfy
<br /> - • , �.ymcnia,'I hia noto�lso(ImIM lho amouut my(ateresl��to caa cAauso�I�ny ono Ilme�ncl ,� �
<br /> �?_:°�=� �Isa tho wtalmum�nd tho mRxlmum rnte 1 mu�t p�y. ;: :
<br /> _1.= _ '
<br /> . .___...
<br />.� . AQplTIONAL CUV[iNAN'CS.In ndNdoai to tha cavennnta and c�qrame�ta made in the�ecurity Inr►rumen4 Borrowcr and i.eu u � - •
<br /> �`� fur�hc�covcnunt and cigrcc a�fallaws: � � �
<br /> - ,�: •
<br /> .�.,:. • �
<br /> ' A. INTEtiFST!tA'1'�AND MONTt11.Y PAVM1lF.R1T CHANiiY:9 I� . �
<br /> ���� � . 'Ihc Natc providcs for an inidnl intcrcs�rntc oi 7•5 ro.SccUon 4 af thc Notc pravidc�tor chnnga In thc Intcrcst rnta and Ih� � `
<br /> ;�� ., . �• manthlY paYments,as tollo�va: ,
<br /> '�:�;
<br /> `'y` • � 4. lNTERGST RATG ANp MONTHbY PAYAfGNT C1lANG6'S , '.� ���
<br /> `�:�`�.'ti;
<br /> ;?" lAl C6�ageDnte� ' . ,;;;,�;� �,t;,.
<br />�.�'�,, ' ' ' The Intcrest�nte 1 will p�y mny changc un thc Qnt duy of���Y .— ,19 g�_,and un thnt day aveTy , . ,�:�;`i�,•ti�1��-'.;��.
<br /> �..�iu�
<br /> ' ' �2 momhs thc+rafter.ki�ch dAte on which rny interest rate wuld chnage I�ettllyd n"Ch�nFe tJute." � • �\;S°,,�;;,?��'
<br /> �....:..�;�:� '`r i�;•.
<br /> . „ � (B) 7'Ac ladrx , ,;;,� ;�"i•-
<br /> Bcginning�vith the first Ct�nnge pak,my iutcrcu�nte wiU be bnscd on nn Indcx.The"Index^i9 the weckly nvcrage yicid on Unitcd Stiita ti;'' . ___
<br /> ' Trc�.sury sccudtics udJustcd ta a constam mnturity of 1 ycn�,+is mndo nvnilublc by thc Fcdcral Rcscrvc Board.Thc mast reccnt Indcx li�ura . --
<br /> • availeihle as uf ihe dntc M17 dnys beforo cach Chnnac Date is calicd thu"Current Index." '��r
<br /> " ' If thc Index is�a longcr nvuilnble,Iho Natc Holdcr wili chuosc t►��cw(nd�x wh(ch is based upon comparoblc informa�lon�Thc Notc � �'� . ";:. .=;
<br /> tialder will Fi�r me naUce of this chuice. �''°�
<br /> i , . `�• .�.�
<br /> (C) Calculatioaat�x�gcs TUJO AND ON� HALF � :' � , :�ti�.
<br /> ;' • � DeFare c�ch Changc pute,the Nate Haldcr wlll cnlculnte my ncw intetest ratc 6y uddi�s. ._.percc�s.�c E� � ; �a_:
<br /> -- - �inia i �•� ,..-�:3 ia:ha Currcnt lnde�and tousssling t4!ht s�rest l��th�4'�°•��?�.�cct ro thc Ilrolts stutcd ln SCCtian A(D)bciow. ��!� ,^ 1' ,f_
<br /> � �I 71►is rounded nmoimt�viil bc my ne�v intcr�t rate unHl the ncx�Ghnnge t�atc. ' :
<br /> Thc Nato Holdcr wiU thcn dctcrminc the amount of thc manthly pt�ymem that would bc sufflcicnt to rcpay in full tha principal 1+si.n ��:, � :,.:�� ;
<br /> •,S aY�«d ro owe on thut Cha�uu Uatc in su6stuminUy ec��a!6�,?micntv by the maturi�y dn�e nt my naw Interesi rata Thc rcwult uP lhis cnlculation f
<br /> •�,:
<br /> _., . .
<br /> ��.�.'w.....�.V,�__"1_
<br /> -'�'�� - � will 4e the new amauni af my monthly payment.
<br /> -. - ;�
<br /> (n) IAmltn on Intcresl[t�to CApngts � .
<br /> Thc inlcresl rotc 1 nm requircd ta pay ut the firgt Chaonc Qate �vill not bc grcntc� thun 9•5 ���oTii� �css than ,
<br /> 5•5 �,b.Thereafter,my interesl rate will never he incrensed ar dccren�ed an nny sinnle Channe Paic by more than_�
<br /> � _(2..II�i.�from tt�c rntc of Interest 1 havc bcen paying far 1hc preccdin�nvelve months.The minlmum intcrest ratc on�his lona will nevct be
<br /> � , Iczs than 5•� --%and thc maximum Interest mtc wIU ncvcr be prcatcr lhnn�..5-. °'a. (
<br />, ' lG1 F:tfective pAte ol Changcs i
<br /> , My new Intorest rnte will become effec��Yr nn each Cl�t►nge Uate.I will pny tha amaunt ai'my new moni.hly payment beginning an the firxt �
<br /> monihly paymeni dnte oftcr Ihc Chango�ate until the nmaunt of my monthly payment chnnges ngain.
<br /> ' (E') Notico of Chwage� �
<br /> The Note Holdcr will mnll or dclivcr to mc a notice t+ciore cnch Ct�nngc Uatc.Thc natice will advise me oi:
<br />�'��, py iha new intcrest mta on my loa�as of thc Change Datc, � .
<br /> ' (iil tho umaunt of my manthly paymcnt f allawing thc ChnnEc Datc;
<br /> � (iiip arw additionnl moiters which thc Natc Naldcr is rcquiiccl to disclosc;nod ,
<br /> • (iv) Ihe adcisess ot the nssociation you could contnct regardin�y any qucsUons abaut the ndjustmeu�notice.
<br /> B. CHARGE�;;41�NF.
<br /> <. • Unliorm CavenAnt 4 af thc Sccurity Instn�ment is umcnded to reud as Pollaws: �
<br /> 1. Char(Rcs�Uero,Sarrower shall pay all taxcs,:►ssessments,nnd othcr chtugcs,fine�,and impasitions nttributable to tho Pcopc�ty which tnny
<br /> ettnin a priorlty over this Security Inctrumem,and leasehold paymenis of�tround rents,iP�iny,�n the mnnnei provide�unAer puragrnph 2 hercaf
<br /> or,if not pald In such manner,'by BoRax•c�making pF►ymcnt,when duc,direClly to the payec lhcrcof.Bo�rowe�ahall promptly fumish 4ender
<br /> ► ,
<br /> all noticcs of nmouuts due uoder this pnragraph,and in th:cvent Borrawcr shall tnnkc paDment dircctly, Ho�rowe�shall promptly(urnish to �
<br /> Lendet receiyts evidencing such paymenu. 8orrower shull promplly dischnrge nny lien which hns priority o�er ihis Secudty lnstrument;
<br /> •_�----=--= haur��:r, �-ratxei sh�l! no!bc rtqulred !o�i�harge any*�ch licn so lona us BonoH�er. i�►shall a&re.in writing to the paymcnt af�he
<br /> obUga�ion secured by Such licn in�he mnnnrr ncccpiable�o l.ender;(h)shall in goad(aith cpntest such licn G�,or detend agalnst eniorcemcnt of
<br /> such licn in,Icaal procced�r�its whlch in Ihe opinian of Lendcr operate to prc�eN the cnforcement c+f�he licn or forfeiwre of the Property or any
<br /> - « pArt thcrcof;or(c>s�all scci+rc from tho holdcr of such licn nn c+grccmcnt in u form sausEactory to Lcndcr subardinnUng auch Ilen to this
<br /> . . Securily instrumcnt.
<br /> Ii Lender determines ihat c+ll ot any parl u(Ihe Properly is subJecl to u lien which may attain a priori:y ove�lhis SecuNty Instrurrtenl,
<br /> , ` Lendcr shail givc Borro��er a nodcc idcntifying sach licn. Harrowcr shull satisfy such lien or tiike one or e;�.re of thc nctlons set forth shove
<br /> within tcn days of thc gitiing oP�hc ro�icc.
<br /> C. NO"flCt:
<br /> Unlform Covenunt 14 of the Sccurity Instrwnent is amended to rcad as follo�ti�:
<br /> 1�. NoNw.Cxeept far nny nadce required under appUcable law to be gi�en in anather mnnner.lu)any nudce lo Barrower pro�id�d for in�his
<br /> Security Instrument shnll be given by deliverins i�or by muiling it by tirst cl�se mt�il to Borrower nt the Propeny Address or nt such other nddress
<br /> � ns Borro�ver may designate by nodce io Lcnder ev provided hcrcln,and(b)[�ny nodcc Io l.cndcr shall be givcn by firsl class mail to LendePs
<br /> address R�ated herein or io such other address as I.ender may designate by notice io Borrower ns provided hcrcin.Any notice providcd for in this
<br /> Security Instn�ment shall be dcemed to havc bccn given ta So�rowcr or Lcnder when given in�hc munncr designatcd hcrcin.
<br />. 4
<br />- :� �
<br />
|