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<br /> ..� i�a�it-'wiyMM-.•- �.�i. -.�rtw'��iT..t�,Jf�!�7.rw�h+RriTC�r �rli. .'.�lLl.�.s .,.�s.. .� –_"
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<br /> �..-.� i R►D�1�iS`1�1113I.k.1RA`l'!'.lt11��LR - ---
<br /> (11Yeu�'I�casury Index-�•R�ete Capy-•Clxecl lteto Cbmc�ytun Optlor�) s.
<br /> THIS ADJUSTADl.� RAfB �IDAR is �audu thls ��2D dc�y�f JUt�F . l9 q� ,cmd ly
<br /> � i�t�or�c►rNted inta nnd shc�li be deemed la a+nend and Fu{�pie��irnt the Mart�c�ge, Deect�f'f�ust�r Seeurity Reeci
<br /> , ---
<br /> '_�_�� (tha`•Secutity Iastrumcat"1 af tl�i::�nmc clute�lven by the uuder�lgned(thc"Harrc�wer")to�cusa�lorrowec's
<br /> :;_ - Acl,}4►stnble ttnte No1e ithe "Nnte")tc� NC4#��fEBT MQRTf�A{3E� YI�C. , A MI�20TA - --- -----
<br /> . `' G�1RpqRATE�N
<br /> -�' ' (the "Lender")us the aume dpte unQ covering the prnperty deKCrlhe�i�t
<br /> �,�;��� thc Securlty Instrumcnt und laci►��;d i�t:
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<br /> �*�s4�a �� —_
<br /> �{\��;k T4�,1 �
<br /> � •. 4a46 DRIFTWOOD DRIVE QRAND IBLAND� N� aA803
<br /> �C�=,, . .,- �r -.._
<br /> �_�*'" �• �Pmpetry Addr�sv]
<br /> ��� � ". YHS NOTS CONTAIN8 PRpV1910N8 ALL�WINt# FOR CNANOHS IN TH8INTER88?'RATB
<br /> 'r''/ �`°,;;�-'" AND TNB MONYHLY PAYMENT. 7M8 NOYE L.IMIT8 THH AMOUNY 7N8 BORRQW�R'6
<br /> � `'� `�� - '� �1pJU81'A81LE INTHA68T RAT� QAN CHAN918 AT ANY ONE TIME AND TME MAXIMt�M
<br /> . ��:�. �,�.
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<br /> � �"� �� " �' "� RATB TH� 80RqOW�R M6l6Y PAY. TH8 NOTE AL80 CONtA1N8 TH�
<br /> , , ._ .
<br /> �� OPTI�DN TO CONVERT TMS ADJU8TABLG RA76 TQ A FIX�O RATB. —
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<br /> �� � A�D1TlUNAl.4t)Vh:NAN'CS.lnudJidant�theanvenuntsundu�;reemcntxmiideintheSecurltylnxtrumont. -
<br /> � ; B�rrawcr nnd I.cndcr furthcr rnvenunt nnd u�rcc iis folin�t�s: _-"' -
<br /> � ' �� .. ----�
<br /> .. A. AUJUSTAUI.�R,�Ti�.AND MONTFILY PAYM�NT CHA,NC�S �:;�
<br /> � , ' The Nate pravide�for nn lnitinl intcrest rAte of S.37S%.Thc Note pr��vidcs thc rhungcs in the udjustablc "�`�==
<br /> • .�;.-_
<br /> • � intcretit rnto and tlic mc�nthly puymuntw,ur fnliaws: °s�=
<br /> • ' :=��_•--
<br /> . �� A.ADJUSTA131.k:INTIsRE:5T�tATF AN�NIONTHI.Y NAXM�NT CHANGES ~� '�"l -
<br /> - ,; _.
<br /> � , IA)ChanRe pAtes :"
<br /> � 7'hc ndJustnble interest tate 1 will puy muy chan�;e c�n thc first duy uf' JULY . 1�� 94 . � ,:�"�'�,�
<br /> , . � and m�thtu duy evcry 12th month thereafter. Ei►ch dutc��n which my c��iJuxtuhle intcrest rnte cnuld chnnge is - • =-- r
<br /> ' cuilcd u"Chungc Dt�te." ' ����:�_
<br /> � , �• - (Rf The Index � '°'�'
<br /> Be�inninF with thc first ChunFe Dute.my ndJutituble int�•rrst nue will be buxrd on un Index.The'•Index" is �Yc. , ~"
<br /> -- �- --_-�_ _� the wcekl uveru e �eld��Utlllcv S4�4tec'IYc�a411' •eeur4de•���'e�t�cl t4���c+n�t�nt�i�at�r�t ut'! s ur.as:nade � ,.
<br /> - Y �� Y - - Y �-- - J - - Y Y • �
<br /> . avuilnhle hy�hc Foderul Re�crve Sou�d.'I�he m��t rccent Index Pigure uvnilahl�•nti ui'the diue 45��i�y�beP��re euch � ' �
<br /> , Ch�nge UAte is ct�lled th�� "Current Index." ` � � '�� �
<br /> • ' It thc ind�x iti no lcmgrr u�•,iiluhic,thc Notc Hc�ldcr will choo+c u ncw index thut Is bntird upnn compi�rubl� L_._____-_______��' k
<br /> - .. . .... - infarmntion.The Nute Nc�lder tvil!give me nntirti�e�t thi.choice. t : -- . " ='-'�.:
<br /> (C)Ci�lculutinn�f Chun�ev �
<br /> � Brfure ruch Chun�;� Dutr, thc Nute Hul�lrr �vill culculutc my n����i��tcretit rate hy adding 2.750 � . ��
<br /> ' perccnti�gc pointsl�•75V �/,1 tu th��Cu�•r�nt Indc�. 'I'h� N�ur Huldrr will thcn ruund Ihr rrsuU uf this u�lditinn
<br /> �� � ta thc nci�r�.rt.mr•ci�;hth ul'cmr prrccntu�;r p��int�o.I�S'.� �.Suh�ect tc►thc limit,.rtuwd in Sectiun 41 pJ hrlaw,this ' ��
<br /> _ roundril itntuunt will he n�y new intrre.t ratr until th��n�•r�('h:inZ��•1)nt��. � ,
<br /> Thc Nc�tc Huldcr will thrn dctcrminr thr amount�,f thc munthl►� pn�•mrn� tNut wuulJ h�,uft'i�lent tu rrpuy . . ' .
<br /> ' thc unpuid pr�ncipa�l thut 1 um expertrd tu rn�•c i►t thc('hungc Diue in full c�n the Muturity !)utr ut my nrw interest '
<br /> rutc in .uhstimtii�liy cNuul pnymentti. Th4� retiult c�t'thl�r,�lruliui�m �ti�ill hr thr new ,u�i��unt uf my m�mthly puy- ', .
<br /> ment.
<br /> . (1))l.lmitti un Intcrc�t Rf�tc Chan�cs � �
<br /> , ,. , Thr intcre,t rute 1 am requircd tu piiy ul thr fir.t Chun�r I�iitc «�ill n��t he�;rruwr thun 7.375 �� ar Icsr; �� ' .
<br /> � th,�rr�•375 �/. Ther��ufwr.iny adju�tuhle int�r�.l rut���il l nc�ar ik i��crea����i ur�Icrrca•e�l un uny yin�;h Chcmgr Date � •
<br /> �. hy more thilnTWQ pcitrntu���puinu.►(�•�,S►t'rum th�raur af int�re+t i hu�v hecn pii�in� ti,r ttk�pr�ceding I�month�.
<br /> My inturrst �iuc w111 nc�rn c� �;r��iurr �hi►�1.375 �,;,��.hi��h i,ruUrd th�^Mi�ximum Ratc." �
<br /> . 1�)�ifectivc Datc aFChnn�ev �
<br /> � My new intcrc.t r�t�•wiU hcrumc effrrtirr an r:irh t'hunga Ihu�. ! ��•ill pu}�th. ununint „f my n�w munthly �
<br /> ��.. payment hrginning on the fi�si m��nthly puyment�iutr uit�r thr('h+m�e Ik��r until thr umuunt ut'my mantt►ly I
<br /> '� ' paymcnt chimgeti uguin. ,
<br /> IF)Nuticc uf Chan�es ;
<br /> „ Thr Nute Holder will �icli��er ur nuiil tu mr u n��ticr ul'any� chun��. in my udju�ti�hle interetit ruir und thr �
<br /> umount i►t' my monthly puymcnt hofure thr ct'frr�ivc duw ul'uny chun�e. 'I'hr ni,tir� will inrludc• infbrmutic,n
<br />- ,:� . < . �eNuired hy luw t��br�;ivrn mr unJ ul.c►the titir und tricrhnnr numhcr of'u prnun �tific�will unti��•cr unv yur.ti��n � .
<br /> __�_ __� 1 may ha��e rrFurclin�!the nuticr ;
<br /> _ �.--- - -- � _
<br /> '. •. . . H,F1X�:U INTl:RFST RAI'I:UWI'ION !
<br /> '� Thc Notc pre►vid�.r t'��r the Hurruwrr', uptl�,n a► rum�ert t'r�,m un :id.iu�tahlr interr,t riuc with intrr�.t rute :
<br /> �• E, � Ilmits to n�xcd Intcrrxt rutc.u�Pull��wti; i
<br /> i
<br /> '� i � + S.l�IXI:u IN'1'E[tF:.tiT KAPI:CONVM:K�+It)N UP'1'ION �
<br /> I
<br /> � ! (A)UpN�x�to Cunvcrt to Fixcd ltt�tc ,
<br /> �� �.. .. 1 huvc u C'onvcrsi��n Uption thut I ri►u r��rri+c unlcti� I am in det�uult ur thi, Srrtii�n 5�,�) will nut permit
<br /> � mc to dc�so.Thc '•C�mvcr�i�n Uptiun" i� nry aptiun to c��m•rrt thr intrrrtit ri►tr I►im ro��uired tu puy I�y thi� Notc
<br /> � ° . frmn un udju,tublc rutc wlth iotcrrtit riuc Nmitr ta thr flxrd rutr rulculutc�undcr Secti�m SIH!txlcnv, '
<br /> � Tlie comcrsion cnn anly tukc plucc on t►dutcl+l ����•rlticd hy �hr Nntr H��I�cr durinp thr periud hr�:inning on
<br /> tho first Chungc Dutc und endin�;cm thr t'itih Chun�c Uutc. Cuch dutc un whirh my u�ljuxti�hlr int�rc.� rutc run �
<br /> , � . cnnvert tn the new fixed rute iti cul lcd the^Cunv�r+iun Uutr." �
<br /> �r ' MULTISTATBOONVBRTIBLBAOJU8TA818RATBiiIDER—ARMPLAN81—&npl0iamity+lYoarhoawrylndox•FannloMaoUnlformtnYtrumantFOrm31181/88 ;
<br /> .. NMFL IW83A90 i�aivrl��i:�.�er�� I�
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