|
`_< �- }.���i4 ,- ` . f�' � -- Z` _4� —
<br /> - _ .�r a.
<br /> _ .: _ �. �,
<br /> F.. ....... .
<br /> ,
<br /> -.;....._ . ._.:. .; .� .._ ...- � -
<br /> • �.
<br /> � � :.,......`_ -.::`:�,__-__�—�-_— —
<br /> . •� �..... , . �. _ c` _�. �.r..r-��r�r�..�_—=c ° , -- +i'. e '
<br /> _—_ �_`_=��r .i—�� � ' ' . � .�' _ c� . � . .� " z , : �z. -c _`. ,.��_ . . ' "' . ".i" .2�
<br /> ' ` ..� � � f .tr�`� ' , `�b , . .� ``� . .���T��l� ^ c y` -
<br /> . . . . . . � � �{� {�, ' ' �j�• ' ��'��� •��S' .. . . .
<br /> 1' � r. <c+ �� � (r � �F� -���i/�L�7i��`M� ��.��!.��,�y' ` :'. ,.. { .. � . ,� �, . S
<br /> _ .j. , � ° , ° `t� ieR Ti�!������'����{.�R�� . ', . • « . .
<br /> � :. <�.,,. , � . . . ..�. � _ .. ��� .
<br /> ` . , ` TH1S ADlUS`TA9L.E RATE RIDFA is aiade 41�is � ���Dieed o[Tr�t .
<br /> _ . t4; 93 . ,;qd b�icorQaatqy into�sed�ai16e dee�8'ta�d nd
<br /> - . �r�5ec�te!#��••5a�r�l►�„�nt tbe san�d�te�iren�jt_tue��wa�i�t�•���•7{v�eara< <
<br /> Borra+Me�'s/►d�bie Rate Nate t�e"I�tote'h ta . ° ' - < � �the"Genda")cof tis
<br /> CQt.O1�S 11RDi�t]li►`SiVI�f#� Ei{�IC . .
<br /> , -�n�e�te and ca+►ah��6e F�0��7►��3n tlie Securit!►imtrnudeat aud toeat�d 1r� ' .
<br /> � . l . . . , . . . ,
<br /> ` ' ` 2�1g� lE�I�O� SlR� . ' 'eRli@ ISL11M�. !tS 68803 � , ' �
<br /> �. . . " �, � . ip�a�ats AMrer1 ' . . ' - . . ,
<br /> . � ., THE NOTE CON1ANit�PI'tOY18FON8 ALt-0WINQ FOit CHANQES M�1 THE MTER�ST RATE �
<br /> - � � AND 7HE N�11'NLY t�A1tIN1ENT.TH�NOtE i.IMITS TH�AMOINrT TNE.et1�11t9WEa'S' - ' '
<br /> ' ' ,AOJUST7IDLE#iItEREST R�t'1E CJ�t CH/1AIOE AT AHY�ONE TIIi�ANO"��At�M
<br />_ _�;� . ' . 4 (fATE THE sO1NKriYER MUST PA Y.'t i�l E N O T E A L S O C O N T A�1 8'�1 E O P T I O N T O t'O I�I V F J t T .
<br /> _ .. . TE�ARIUST�I�l.E RA'fE TO'A RXED RATE. - , . . . . .
<br /> - �J , `.ADD�T[ONAL COVENANTS:tn addition to iliECavenants snd s�reaaents m�Wc.In tbeSdnnitlr tn�ttuuxat.
<br /> - � f' 8ar�o+►�.�d i:ender fiatl�cavens�and s�ree ss fpltorrs: .. �� . . ,
<br /> _- A. ADJUSTA�LB RA`i'E A1Vl�MONTHLY lI�YMENT CEIANCEB� � ' ___
<br /> �" .
<br /> '.: :�.7he Nae provldes ioc a»initid intaat wte ot 4.5000 !i.Tue Nate provjdes for cLan{a _
<br />.•_. --
<br /> ,.� -: : - iu wa!od3�sbk iatawe..te.�?uMr�nonti�tr wx�.as touow�: , _ _ _ . - � -, - .- - -- - - _= --_
<br />. � 1. AWtlSTAB1.B W'1'E[tE87'RA'iE AND MONTIILY PAYMENT CHANCES ___—_
<br /> ,_ _--_
<br /> ��r . (A1 Ciaae D�ta � _
<br /> . ;r�,K,: � . �;.��.=.=_
<br /> - --���- '��dJnsa�bie intaa�rue i wip pay ms�y chs��e cn�he�irn dsr of Juip � �_:_�-,___
<br /> Ig " ;and aa that dsx evaY 12tM month tbaafta.�date on wAi�my sdjwaabk fntaat rate�a+b ch�nse ___ _
<br /> ` ,�_;.:�;�: is calkd a"Chanse Due.", . � • E-z--.,,�,.,�
<br /> - � ;. .�-�. � '1re 1� . _-—
<br /> . _ .�'_. ..�- «, ge�innina with the tirri Ctwtt�e Oate,my adjustable tnterat�ate wiil be based on�n Indeu.The"index"b the ------
<br /> . �,���:�_
<br /> ; ' �'1�;� • to s consw��matuoiq►ot t yrar.as made avditMe ---���-
<br /> w a k l y s v a s s e y i e t d o a U n t t e d Si�tes Treosu ry secaritiea adjasKd �'
<br /> -. �����.::<, . �-�r::-�:,�.
<br /> �!a;��.� ,, by the Federal Reaerve Boud.The most recent lndex ti=u�e available as ot the date 15 days 6efore at e h C hanae O rie . .YP��'•.
<br /> '"�" . , ,., is caUed tbe"Ctutatt lndac." �
<br /> �r� � Ii/ha lndac is no fongu availaMe,the Note Hotder wiil choose a new index which is besed upon eompata6k � t �
<br /> '::H:;;:, - ' - - - -
<br /> °__��:,.�;-^ infonaaUon.The Note HoWer wilt�ive me nottce of this choia. � . --
<br /> > � x'."' (� GIca1�Uo�ot CMa�a ° . ��_
<br /> ' x ---- &tore a�ch p�ta.the Note Hotder w111 cakulate my aew interest ate by addlnj
<br /> �°°'.. : .. �.�500 . 2.?S00 1i)to thcCurrmt Mdac. F " : '�
<br />- ,:�:i,.-;, . • percentase Doints( 1?S!i)• - -. •
<br />�- •�:s--, � � The Note Holder vrill then cound the result o!thia addiQon to the nare�t one�eld�tfi of cae peranu�e VoMt(0 .
<br /> -�-.` .�..': . Subject to the limtts auted in Sectioa 1(0)belew.this rounded�mount wiU ba my new interat rate until the tiext
<br /> .�� Chanje Date. • ` • '
<br /> -=��:::;a::�. . ..
<br /> ''�.i f The Note Holder will lhen determine the amount oi the moathlY y�ymrnt thst would be suffident to rsp�Y�
<br /> :�- ': '..: '� ��
<br /> uap�id principat tfi�t 1 am e�pected to owe a1 the Chm�e Dste in full on the muqtity dne at my new interat rste
<br /> .- �• ��'�'`�'`�. in aubstmtially a1ua1 paymrnts.The result ot thia colcut�tioa wi11 he the new smouat of my manMY p�yment. ,, . :. �
<br /> ,. �. 4,;- �
<br /> _ _ .. �} �. ' ` (0) Umit�o�I�teral Rste Chss� 6.5000 �, :
<br /> _ _ . . The interest rate L���ired to psy at the tirat Chan�e Ilate aiil not be frcater thao i �
<br /> � . or leas than �'..Thereafter�my adjustabk ime�est rate witl nev�r be imreaed ot da�dsed � �
<br /> erest
<br /> - - � �� "" on anY sinste Chanae Date by more thaa two percentage poiMs 12.0�'i)from Ihe nte of intercst 1 hsve been psyi!� ;-. .--.:-. . ._. .
<br /> 10.5000 �lr.which ia calted r_�- --�--- �- '
<br /> �;��'�;� •.�� . for the precedins 12 months.My(nterest rste witl never be=reater than, � t ' _ . :.:
<br /> � ,e�.;��.. . : . <. the"Mauimam Rate . • ' ; • .
<br />_ ::..l: � , t� Fdteelhe Date of Chwa�eu F�. '.
<br />_ ..,,-, , ,.: . My aew lntaeat rate will be�o�ae e([ecQve ou each Change Oate.l w3U pay the amounl o.!my�monthly psymem ; ;
<br /> �� �-:;°,;,. ;� be�innM�on Ihe li�at monthiy paymrnt daro atter the Chan:e Oate unti!the amount vf my monthly psymeM chanies � . _ _
<br />- . _ '�.y: �� -..-. .. . .�. a�ain. , .. .-._ .
<br /> . �;...,,,; ��- . . .
<br /> ,.._;.>..,�-_ �fl Notke ot CMaa�a
<br /> +a'. :4 . . , ..
<br /> � 7'he Note Nofder wiil deliver or mait to me�notice nf anY cfianges in my aJjuatable intercst ate am!the smount
<br /> " �r ���`---�i�'�°;:: , oi my monthly pa�lment beforc the effective date of any ciwuae.The no�ice rvilt inrtude information�equired by taw , , .
<br /> ..._ .
<br /> ' :. ' � •�y�_,_' to be a;ven nK and also the.title and telephone auu�ber of a peraon who wltl amwer any�queation 1 msy t�ve rt{arding ;
<br /> � .the notia. � � -----: ----,
<br /> -- ��;. . � 1!. FIXF.11 iNTE1iF.$T RATL OrT10N �. i . .' .
<br /> '.,F;�����=�' � The Nate prcvtde�tc�the 8orro�ver•s opdon to conve�t from an ad)ustabb interat nte arith inlerat nte�im�ts i -,
<br /> -;;;,b to�tiaed lnterat rste.u to1lows: � � ' , ' � . .
<br /> '� � i_ S. �'r11tED IN1'EREST MT�CONVERSION UP7IbN �
<br />�"�: - ' (ly O�Ib�to C�r�Io FixeA Rate .
<br /> ' �,. �" � ��iar�a Converslon pptbn tha�!an acerclse uniess 1 am in default or this 5ection S(A)witi not pem�it me
<br /> �._._.._ .... � _�.-_ - -ttritosa:�"�at�a"����:o ebuven�ha�nterest_rate l ara cequired to p�Y b#►this Nae trom --- _
<br /> �n ad�ustsbk rate with intereat rate llmiu to the fhed rate akulated under Sectton 3(�)below•�
<br /> � The�o»venion ran oniy t�Re pt�ca an s dste(�)specitkd bY the Note Hoider duNa�the perlod 6�nniM on : .
<br /> .�� .;� . the tirst Cl�anje Dite snd endtn�on tbe tipM Ch�tnte Oate.gtch date on whkh mr adjustsbk interot nue an conve�t � • . ,
<br /> to t6e new tixed tate b nikd the••Comrmbn Date.•• . - ` ' � .
<br />_-:.. . ���t��a�nt�a.�r iu►n Nou-�ruN ss-s+�.F«�aw-Ea�rM M••u+�t•�•� � �s�»tyn {t:� � --.
<br />
|