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<br /> .' F'HA!M!'11LT18TATB AD�i1STA8LE�RATL RID$R .,-,�T�
<br /> ���7�NIS1993USTABLB RA7'8 RIDER ia taaib ihii i!6 dty d
<br /> �nd i�inccx�onled inw w�d siwll be deemed w�tna�d�NrpplMt«M
<br /> -----��'-� Ihc Mohp�e. Dced nl 7ina ur Security Uc«I ("5crurlly 1n�tw�ixnl') ut thc xame d�te �iven by Ihe andenitn�d
<br /> ("Barowet"1 lo�ecuro 8atrowerk No1c 1"IWNe"1�o
<br /> COL�Ii08 fiD�b S�Y1�Q8 D�M�
<br /> .__ _. _ _----� .
<br /> (1he"Lcnckr�")oi tha samo datc aixi rnvcri�ry{Uro praperty descrihcd fn�ha SecurHy Inatrumem a�d lac�tcd�C �
<br /> 1817-18Z1 N 8!8 8lttt6T
<br /> aR�ND I8L11ND. Mi �eeoy
<br /> " �v,�r aau,�.�
<br /> -- — � THE NOTE CONTAINS PAtUV1310NS AI.LOWIN4 �UR CHANGES IN THE
<br /> ,�'k � INTEREST RA7'E AND THE MONTHLY PAYMENT. 'fHE NOTE LIM[TS THE —
<br /> ;.;}', '�' AMOUNT THE BORRUWER'S IN'fERFSTltAT�CR,N CfYAN(fE AT ANY ONE TIME
<br /> - � • E THE BORROWER MU3T PAY.
<br /> 1 UM RAT
<br />_ AND THE MAX M
<br />��
<br /> >.
<br /> , � , ,
<br /> :._!� ADDITIONAL COVBNANTS. In udJi�i��n a� ihr c�+vanums amd agrecmentx mudc in Ii�c Sccudty Inatrumcnl,
<br /> ''.-' �f't�'� Bo�tower and Gender fuNircr covenunt aKf agn:e us lollaw�+: . .
<br /> , ,q a� �,i�, �
<br /> .. t•.1�7��1�i':�+i4T1
<br /> � •,r-.III�(((JJJyyy��+111 ��:,f,. . INTEREST RATB ANU MUNTNLY PAYMENTCHANGES
<br /> ' �y`) �'1,i'(„5\� - _ '
<br /> 3����'.i:�i. .r
<br /> 'r'"�"����,"t•�`s�'t � (A) Chpnge Uate
<br /> �.yx��'' ". .�:". ;, � ,. .and 1ha�da of each Ruccadin ear.
<br /> ;�r4'��.�,.;.�;;�;;;�•�' Tt�Mtarest ratc muy chungc on�hc tirst dny al�anuary 1, 1995 y g y
<br /> . , +`F�-:`. "Changc Dald'meuns euch dutr un wbich Uic imcrest ru�c could ch�mge. . e1
<br /> ��.i�.,+�;..���:�;'�,��-,� (B)The Index .. „
<br /> .'t-..::._...r:,.,�,:
<br />� �,.,,,�..:�T. Begfnning wilh the lirst Chm�ge Outc,thc interes� rule will be baxed un on Index. Index means Ihe weekly Averege
<br />�, � �i^�'^i .b'�8 r"��•�•�'� yield on UnitcJ Stules 1Fcusury Scruri�icx��djusted w ��constunl maturiry nf one yeur,as madc ovailoMe by Ihe Federai
<br /> . `K��r.,.:',.•. .y:.
<br /> : ;►:�,�Y,u.,�:^ Reserve Buurd. "Curtenl Index"n�cun�Ihe most recent Indrx tigure available�U daya before the Change Date. (f the n a
<br /> •��;�;��;.;v.;.,'�. � (as defincd ubuve)is no longer uvuiluble, l.ender will utie as u ncw Index any index prescribed by Iha Secretary. As used in
<br /> , "="�'' ',"��r;'`;�". �his Rider, "Secretury" meuns Ihe Se�rc�ary ul Housing und Urbnn I.�vctopnmm or his un c�� J�sl�nee. Lcader wll!give _
<br /> w •.t'••��.``+ � Ba��awe�notice nf�he ncw Indcz.
<br />�. ,
<br /> ° � " "^�:��� IC) Calculalian uf Interest Rale Chunges
<br /> ��::
<br /> w`'= r.;:��;:;'', 8efore ench Chnn€e Uutr.Lcadcr will rulculu�e n new imerext ru�e by ackling n murgin of
<br /> �e:�. ''i'��;t��� —
<br />_-:' . -.�.., .;�.I,.:.
<br /> � .%a��. . Two percentage
<br /> �'�' 7G�) to Ihc run�cnl I�xtcx und nnmJin the cum lo Ux nrureti� nne-cighth of one percenlage point —
<br /> � . Y;�s�� .,,w�;,..,�„ .., poin�s(2.0000 R --
<br /> `�� ��, •
<br /> •'. . (0.125�), Subjccl lo Ihc limil�Wulcd in !'ur��gruph(U)i�f this Ridcr,�hix roundrd unxiun�will be�he ncw interes�rute until
<br /> �' �' " ' •�'��•�' Ihc next Changc Uu�c.
<br /> �:. t� .., _
<br /> U' ..
<br /> }.. 'i'.�y•,. .. �
<br /> _ � �U) I.imlts un Interest Rate ChvnKe4 �
<br /> ' 1'he in�ercst ruic will never incre:�se or clecrcu.r h��mure dum uur �nrccntage�wint(I.U'R�)on uny single Change Da�e.
<br /> '„����, � '. Thc interex��ntc will nrvcr be morc�h:m fivc percentu�c�x�imti (5.0�/1 hi�hcr�x lo��•er�hnn�he inilial interes�rete. _
<br />,::,: • -
<br /> �. .. . •�.;'.. _
<br /> `'���' ' ��) Celcululiun of Paymenl l'hnn�e �
<br /> .,�. . � . -
<br />` ,, ,f';;,. If Ihc imcrcxt ru�c chan�rx<Hi s�Ch:mFc Da�c.Lcndcr��•+U r,dculuic�hc umuunt of muntldy paymcnt af principal nnJ v=
<br />° �-r•• inleres�which woulJ be n��ceswvy�u rcraiy Ilu anpaid principal halance in WN a�l �he mawrily dule c���he new inlereet ro�e
<br /> a�
<br />_.' . ,'�°`��" �hrough xuhs�aiUiully cyuul puyntenl�. bi muhin��url►ralrululi�m.Lcn�lcr will usr Ihr unpuid principul bnluncc which would E'
<br /> � �r�"'"'`'"i;`''� be owed on the Changc Datc it�hcrc hud lxen no defnult in paymrm on�hr NWC,rcduced by�he umount of any prepaymenls �•
<br /> .. J' . ' (.1�� ) .
<br /> �'a�r � • '��.�;��:�z'� to principnl. The result nf�his cnlrulati�►n�vilt be the amoum�»'the new momhly payment of principnl and Mterest. _
<br /> ,. ���_�_=�-;-,� -
<br /> _r . '�..�'.r . . �.
<br /> " � • ;�� Nodce oi Changes
<br /> • �• • -- Lender will give nolice Ia Borrower of nny changc in Ihc intercst rule und mnnthly pnymenl nmount. The notice must �
<br />' •�V^-'"'� ;,•• ' be given at kust 2S d+iys beforc ihe new monlhly pnymem omount is Jue,und must set iorth li) �he dme of Ihe notice. �
<br /> �U;°+;,;,,,.�4, . (ii)Ihe Change Unte, (iii) the uld inlcrest rc�le, (iv1 Ihe new inleresl ra�e, (v) Ihc new rnomhly paymcnt amount, (vi) Ihe �
<br /> ' �' Currenl Index und �he dale it was publi.hed,(vii)the methuci of colrulnting tl�e chonge in monthly pnyment umounl. and �
<br /> , .,;,_�.tir;��'1 (viii)any otlxr informu�inn which muy bc rcyuircd by low from�imc Iv time. �� �
<br /> ... . "�'� !ti. r f n ' ���► c�er Iw►a aM�iaw,lna� L
<br /> -��� : ��,' ir��ro�a� i x /-r�a n a.k.r.►�.�aosaaaoo a��u���wi•iroi �
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