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<br /> ' ' � AD�USTABLE RATE R��11ut
<br /> 11 Ye�r Trewn i�—M1e C�p�—�1;i4W.ConM�aloN OWow1
<br /> J TH IS ADJUSTABI.E RA'1'E RIDER is m�de IbiA Stb �y°` ��fl�� '
<br /> "_ � � �q 93 ,�nd(�IncorporatM into and=h�ll be dcemad to�mand Mnd.Rupp�am'�'t t�he Mortp�e,Deed of Tn�st
<br /> = or Security Deed(thc"Security I�utrument")of the ssma dpto Si!+en�bF�l�����"CO��he��Bor�°wa")to se�we
<br /> ° • Bortaw�'�Adju���ble R�te Ncte(1he"Note")to : . ' (t�"�����ot tbs "
<br /> -�.' COLUMBU$ Fl�D�R11L 8l1YI1108 B1UR .
<br /> _ .$�. �me data�nd coverir,y the propar�y�dascaibetl.ia the 5ecurity fu�viimer�t am1 Mo�ted at:
<br /> —:����� � � � �
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<br /> °°��a"' � : GitaND I861WD. � � 68�01, .
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<br /> -- - - �Propnty Add�wl e,_.
<br /> �n.�� THE NOTE CONTAINB PROVI810N8 A6l.OW{Nd ROR CHAN0�811M�THH INTEREBT RA'TFI __
<br /> o� AND THE MONTHLY PAYMENT. THH NOTE LIMITB 7'HB AMOUNIT THE BORROWLR'8
<br /> ,;. ' � � ' •• ADJUSTABLE INTEREST RATE CAN CHANa�AT ANY ONH TIM�ANO 7HE MAXIMUM
<br /> ,.-. �.s . �RAT�THB BQRROWER MUST PAY.THE NOTE AL80 CONTAINS THE OPTION 70 CONVERT
<br /> ���r�' •�", �. . THE ADJU8TABLH RAT@ TO A FIXED RATB.
<br /> .. �ut 1.mr�R�'..��.i'-.._` . --. _..
<br /> °"' �'��''��"� ' •� AUUITIONA4 COVENAN7'B. In�ddition ta U�e coven�nu�nd��reemanla m�de in the SecurUy In��roment.
<br /> �,,,,.ti:�. .
<br /> �•':':�' � eor�ower�nd l.ender furlher covenaat�nd��reo�� followu
<br /> . .:.:,,u...,..:.:..:.... _.
<br /> y.�:,,.. �. • A. ADJUSTABLE RATL ANU MUNTHLY PAYMEIVT CNANQI�.4 ,y`.Thp Note provlda for ch�a�ee
<br /> � The Note providet for an Initipl Intereht t�ro of �.g000
<br /> in the�dju:t�ble inte�eu nta�nd the monthly payments,��follows:
<br /> � � I. AUJUSTAULE INTBRE3T NATE ANU MONTHLY PAYMENT CHANQ�B __
<br /> 'u . . IA) Ch�a4e Uda ' . �:.
<br /> The adju:tablc intereit rAte 1 will pay may chanae on the tirst day ot $epte�q$er � � �
<br /> � '� ° !9 94 .nnd on that d�y every 12th moMh thereafter.F.ach dete on w0�lch my�rd3vsiAble interest ate could cluin�e �•;
<br /> ' � � b colled a"Chari4e{?ate." � �`::
<br /> . : '•.!�`��::��:'. --
<br /> . �,�;'i;r;±r(•,. .. (D) The lade� W',��`
<br /> � �;;;;���f. Beginning with the tirat Change Date.my adjustable intere��rate wiil6e baaed an�wn Index.The"Index"ia the �,�
<br /> ���°�:: - weekly ave�age yield on United States Treaaury aecurities adjusted to a consta�t meturity of I year.as made�vail�ble ��:
<br /> Yr 4.,:
<br /> by�he Federal Reserve Board.The mo:�recmt Index figure available As of�ha data 4S doys before e�ch Chrnae Date �-��-
<br /> is called the "Curront Index." �' '
<br /> - If thc Index is no longer ovailable, the Note tlolder will choosa e naw index wbich is baud upon compar�ble
<br /> - � ; '.�:�•', �. informAtion. Thc Note Holdcr will give mc notice of this choica �;
<br />�� `�� r,. (C) Cdculallon of Chanaes ��,'�,;;
<br /> , r; � '<''�`��;�� Before each Change Date,the Note Holde�will calculete my naw inte�at rate by addin�
<br /> ���f.�`.;.��;�� 2.7500 petcente�c points( Z.T500 �fr)to the Current Index.
<br /> =?tr;��' ., •: �� 7'�c Note Holder wjit tinen ruw�d the result vf this addidoss tc t:�e nt�tas:aae�ei�kt:s af aae�trcenta�c po int(0.1 2 3 s f i).
<br /> .��>'.��•`� ' ' Sub)ect lo the limit�atated in Section A(D)balow.thia roundad amount wilt be my new interat r�te until the next
<br /> � � iwn e Date. �~
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<br />: ,,:'� The Note Holder will then determine the amount of the monthly payment that would be:uffi¢fent to repay the
<br /> "' � unpaid principal that 1 am expected to owe at the Change Date in full on the muturity date wt my new interest ratc �;� .
<br /> '��� � in aubstentially equal payments. The result of this calauletton wili bc t�e new amount of my monthly pwymant. �,_
<br /> +,::`�l. _,.. G.` ..
<br /> ;°.1;,,,, (U) �mily oe laleral Rate Chaagei 6.5000. �i6 .
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<br /> � ' The interest rate I am required lo pey al thc fi�st ChanBc Dute wjll�not 6e g�eate�than ;, ;
<br /> �.�� � or Icss�ban 2.5000 q,,Tl�areafter,my adjuttublg interest rale will never be increa:ed or decreased �:..�;`
<br /> F� �•"' ° on any sfngic Change Date by more Ihan two percenlaec�oitlle(�.03'S) from the rate of interest 1 have bcen payinB �r.;
<br />• 10.5000 ryi�which is called
<br /> ,� � for Ihe precedin412 montha.My interast�ate will never be grca�dr than i.��:;
<br /> ; ': '. , the"Maximum Rate". � �
<br />;�: � :;.,�:'• (E) Ettsclive Date of Cbpn4e� i
<br />�.�+��,•'� � My new Interest rate wlll become etf�c�ive on rach Chauee Dale.l will pay tlx amount of my new monthly payment
<br />#�r' I beginning on Ihc first monthly paymanl dale a ft�r t ba C henae D a t e u nlil the amount of m y monthly payment chan�es �
<br />` , again. .
<br /> (F) Nulire af Cbaages
<br /> ! ��! � The No�e Holder wil)deliver or mail lo me a no�ice nf eny changes in my aJjus�able interest rate and the amount
<br /> • • ; � � of my monthly payinenl before the effective dalc of Any change.The notice will inrluJe informa�ion rcquired by law
<br /> . to be aiven me and also�he tille and telepl�one number of e per�on wl�o will answer any queslfon I may have re�arding
<br />:,.,, IBe nodce.
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<br /> Es_".'. �A�
<br />�`"�� �'= Thc Note provides for the Dorrower'a option to conver�from an edjuatable interesl�ate wfth interest rate limi�s
<br />:';,;_ t lo a fixed interest rale.as follow�: •
<br />�'`�• .��, 'i S. FlXEU 1NTERFS7'RA1'E CONVERSION UPTION
<br /> n.�., .. ;. '
<br /> �� •4 .y,' (A) Oplbn 10 Converl lo Flxed Itate
<br />� �"' '��, i have a Conve�aion Optian that 1 can exercise unless 1 am fn driaul� or this 5ection S(A)will not permi� me
<br /> -.`t•, �4'` ' to do so.The"Conversion Option"Is my option�o conve�t Ihe interest rate I am required to pey by�his No�e from
<br />;� I��. ' '_ '� an�djustable rate with intereat rate Umita to the fixed rate calculoted under Section 3(B)below.
<br /> ` � `' � The converaion can only take place on a date(s)specifled by the Note Holder during the period beginning on
<br /> ,F,, ,
<br /> r,� . '' ' the first Chan�e Dnte and ending on the fifth Change Date.Ea►ch date on whtch my adju�table inlerest rate can conven
<br /> �',, �u �� to the new fixed rate ia called the •'Conver:lon Date."
<br /> � '
<br /> MUlT18TAT8 AOJUBTABLE RATQ AIDBR-ARM P4AN 8)-Sinple F�mlt�-F�nnl�Mn Unllorm M�trurMnt Form 3116 12l81
<br /> • • .P48A innt� vMr�n�n�ar rnn��s .��uu��R��o • ��ao��t� �»�
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