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<br /> � � - �F'HA�MULTISTATE ADJUS'fA�LE RAT �'RID�R : � , ��
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<br /> � � THISAWUSTABLEEtATER1DERism�kth� � is� � ; , '�.�pE� �,
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<br /> . --`� - .- �luyust_. 1941 _ � . ' � - - �ti is incaporakd into�id stai116�d�eanod w_a�inend and srppktnent : .
<br /> ` �. �the 14lucf�e. Deed'o[ 'Ibst or Sscutity Dccd (i5ccbrily tnswment"�ot tt�e s�unc d�tc�iiveo�by �he rndarsi�neii l '
<br /> �, � ('Ao�r�vd')io secu�e Bor�tnra�Nac t'Ndc")�o : _ � • ,
<br /> � . . ` . COI.EN�BI.IS F�DERAL SAVIN6S BAM� �
<br /> � . , . .
<br /> - - --- Ulrc"l.et�det''�ot tNe same d�tc anct cpvc�in�the pcoperty�scribcd in thc Sccu�ity I�suumeet a�xt Mx�ed a�: ' , -
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<br /> • � � 23Q�t.NOR'fH.6RAt� ISLAI� AtJEN[lE . � .
<br /> - • - - GRANO ySLAND. t+lE 688�3 , . � - ' -
<br /> . �111apert�Add�essr ` ' ". ' • , . , �.,`'.
<br /> ' : � , � `TH� N[YfE CONTAINS IR���.SCUNS ALWWING F01t:,CB�I��S; IN .'tH�. .. � ; . ` .
<br />- , �:��. ` iM'�RF.ST RA1E Mlf?'�'llE,.�fN'FIILY !'AYl►1F.NT.�,i'H�=�1�[)lE LIMITS`'�
<br /> .;.'� . �AMOUNT THE BOR1lU�'�R'S i'NTE RI�tiT RA'1'E i:AN(.'HA.tif`sE 4Ci 31NY t)NF:TIMF: '
<br /> ANDTHEMAXIMtBS11.R�t'fE�`J[F.HAItRq�ti'�RbtUSTPAY. '
<br />- • ' - � . � � • ' ' ...,_ .� . , -
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<br /> ,'•: • . ' ADDiTIONAL COVENANTS. In a�lltian to lhc etnvx��s anit agnxt►xnts made in thc Sccurity Inst�� �.
<br /> ''" � Honvwerand 1��tunhcr covcnant aod agrcc a.4 falluws: . ' .
<br /> -- � �3TEREST RATE AND MONT1iLY PAY?�tENT CI IANG�S • ' , •
<br /> ;
<br /> . � (A) C1ac�eDate JanuarYl. 1993
<br /> • ` The intercst rate may c6ange an thc f�Rt ci�y ot .and that Jay uC earb�ucceeding year. _
<br /> "Ch�ngc Date"mcu�s each datc on whirh thc intcrc+l�atc rould changc.
<br /> � -
<br /> �` �B) The lndeu � __
<br /> - Hcgianing with tha fi�st Changc thtc.d�c iif�crc��r.�tc wit!bc ba.rcd an an tmicx.."In�ka"mca�.c thc wcckty avcragc �
<br /> � , yietd on Unitcd Statcs'1tr��ury Sccuritics�djuxt«I ta a cunctant ivatu�ity uf onc ycar.�.g madc avaitahlc by�hc t'�cdcral Q
<br /> Racrve Boud. "Currcnt Indca"mcanc Ihc nu�x�reccnt Indcx figurr availabic 30 ituy�b�fistc tt�Changc Datc. ff thc tncfEx _
<br /> ' . (as dcfined abovc)is no langcr av�ilablc.Lcndcr will ucc ae�ncw tn�ica s�ny indcx prcacribcd by thc Scccctary. Ax uzcd in -
<br /> " �";'- this Ridcr."Sccrclary"mcan.�tbc Sccrctary nf Iluuxinb:i�xl Urhan pcYCtupmcn�ar his on c�r dccigncc. l.rn�Icr wip givc -
<br /> :^ Barawcr ndicc of thc acw InJcx. `_-
<br /> (C) Gkuhtion of lnte�est Rate Chs�n�es ° -
<br /> '' ' Bcforc aach Clwngc 1?atc.l.c�xfcr wiii catrulatc a mw intca�l ratc by�dcling u mhrgin uf :
<br /> . � . r
<br /> . . . Two ' , percemagc . i
<br /> , points( 2•�� �) to thc curtcnt Irnkx a�x1 ruunding n�w sum ta ihe ncaresl ��nc�cighth u1'nae pcncntage poim i'
<br /> , (O.12S�i6). SubJect to ihc iimits statcd in Y:�u�grnpfl tU)��f tt�ic itidcr.�hiti roundcd amuunt wiil bc thc�-�v intcrest tatc until
<br /> � the next Change Datc. ; '
<br />. ,.� �,: . :
<br /> (D) Limits oe lnterest Rate Chaa�c+ '
<br /> ..�� The interest rate wiil nc4sr incres�se ur decr�:►�r by awrc tluin��ne percentage�xrine 9 UA`/o1 un:�uy�inglc Ch�nge U�ate.
<br /> " Thc intercat ratc wilE r.rver be niure Ihsm five�xnrntagr�x+intti ISAIr/,)highce ar tu�ecr than IUc initiat intcrost r:UC.
<br /> .j .
<br /> �- �� (F,) C�ieuiati�isf!'ayment Chnn�e
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<br /> A li thc intcrcif ratc changcti on a Ctr.�a�r Il:��e.Lrnd�r��•i0 cufculatc�hc umuunt i+f munthty payukut uf�,ri�xi�wl and
<br /> inlcrest which would lk txYC�.r•aryr tu rcpay Q��unpaid pdncl��al h:dsulcC in full:�I IhC ntaiurily Qule iil ti��uuw 1utCrC�l r�tc
<br /> � through substs�nti�liy cyual p�yu�ent�. In ur.�king�uch ctdcufatiun.Lcndcr wiil uxc ihc unp�id prinripal b:+la�xe which Kuuld
<br />' be owed on thc Ct�sgc O�at¢if�herc lu�d Ix�cn iw dcfault iu paynxnt un Wc Nwc.reduccJ by�hc umuuat at�ny prcp�ymcntY
<br /> .. _ to principal. Thc resup of�hia r�trulatiun�vill bc thc anu�unt uf tl�c ncw mac�thlY�Y»>cm ot princip�al simi intcrrst.
<br /> _.. _ �,��.�:� (t�l NuUeeutC6aeRe�. _ � . - , . .
<br /> _ �� ' Lcnikr wi1l gi�-r r�mNr�tu'durruwrr,uC:�uy�han�r in Ua•iu�rrest ru�r�nd nwnthiy paymcnl nuuwnl. 'Che nutiec mu�1
<br /> � i�' � � 6c givcn a�fcast�day+bct�xc tik nrw ntun�l�ty paynxnl amuunl iz duc.and nwsl sct furth li!thc d�tr ut thc twlicc.
<br /> lii)Ihc Change D�atc.(ilillhc��id intcrczl ratc.livl tix:ikw iatcrest r�te.l�f thc n�tiv nwntlily �:�yuknt :�muunt.�vi)tiK
<br /> . Current tr�lea and Ihr�1atr i�wuw publi.t�.d.IviilOk•nk�th�xl ut calcWating thc chungc in�mrntl�ly�raymrm anKwnt.:��id
<br /> �vliil any a�her infamatiun which may bc rcyuirr�My law fr�n»tintc w timc. :s�
<br /> - - --;���;_ -.. ._ . _ . _ . _ . - ura I�n e.�nn.raen.Mr�. _
<br /> , . ��lftOq t/M�EII�h:1►l�nl . fstMifC11/JOSS71/Y,MOU�A��li7ff•1171
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