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99106594
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Last modified
3/13/2012 6:20:12 PM
Creation date
10/20/2005 11:52:08 PM
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DEEDS
Inst Number
99106594
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• .JUN.25.1999 11�2BRM N AMERICAN MT6 STL N0.060 P.30 <br /> �. <br /> 99 10� 59� <br /> (H)The Index <br /> Beginning with the first Change Date, my interest rate will be bas�d on an Indcu, 'Tk�c "Itadex" is <br /> the averaga of inte�bank offerad ratae far e�rmoath U,S, dollardemominated daposit� in Lhe Londnn <br /> marl�et("LISOR"),as published in The Wa11 Str�ct rournal, The nn,ost receut Iudex figure available <br /> , as of the�iret business day of the moath immediately preceding the mancll in whioh tha Change Date <br /> � oecurs is called the"G�rrent Index." <br /> If the Indez is no longer available, the Note Holder will choose a new I�deZ that is based upoit <br /> comparable information.The Note Holder wiIl give tne notice o#t.�i,s choice. <br /> iC) Calculatioa of Changes <br /> Befora each Chan�e I]ate,the Note Holder will eglculste my new i;�texest r$te by adding <br /> SEYEM AND 90/TOO peroentage point(s) ( �,30� %) ta the <br /> C�rrent Iadex,7he Note I�oldet will then muad tY�e xcsult of thia addition ta the near�st one-eighth of <br /> one percentage point(0,125°�0).3ubject to tk�e limits stated in Section 4�D}below,this mundad amount <br /> � will be my new i�tsrest�rate wntxl tb,a�e�t Ghange�]ate. <br /> '�'he Note�iolder�ill then determine the amount of the manthly payment that wou�d be�ufPicient <br /> to rep�y the unpaid principal that I am egpected to owe at the Change D�nte ia fvll on the Maturity Date <br /> at m�'new interest rate in substantially equal payments, Tb,e�esult oP thi,s calculation wi11 be r,he new <br /> amount of my monthly p�yment, • <br /> (D) Limits on Interest Rate Chenges <br /> The interest rate I am required to �ay at the �irst Change Da�te wi11 not be grcater than , <br /> 73,500 ��x��� 10.600 °10. Thereafter, my interest tate will <br /> �ever be incrosaed or decreased on aaq singie Change Date by more t.�su ona percaataga point (1.0�,) <br /> lxoxtt,the rate of interest I have bean paying fbr t�e precediag sia mo�,ths.My intetest rate w�ill never be <br /> greater than 16.5 D 0 � or less than 10.6 00 �. <br /> , (E}Effecti�'e Date af ChanSes <br /> , My xye'w interest rate will become effective on esch Change Date.I wxll�uy�h4�snoun't of my new <br /> moathly pay'ment beginning on the tirst monthly pay;xleslt datv atter the Chst�e Date until the amount <br /> of my monthly paymcnt chac�ges again, <br /> cF)Notioe ot changes <br /> The Note Holder witl deliver or mail to me a aatice of any chat�gee in my interest rate and the <br /> ' amount o# m,y zz�,onthly �syment before the eftective dste of 8IIy C��E. Thd ao�ice will include <br /> �TwN81� t��7�) Pao� 2 a} 8 Inftield �. <br /> i <br /> ' ..,. ' . . . . . , I <br /> � <br /> � <br /> ' I <br /> i � <br /> � I <br /> I I <br /> i <br />
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