|
•`'..�t:/t,
<br /> .r *t��r;
<br /> , ' r'• .0 � 1 • . '.J,f,r:
<br /> .0 .. . - �y;:�
<br /> .� . . � .i.i......- - '1��'.
<br /> i . � � ,. � :r •..-NdX.
<br /> + zaoi�a� . AI�IUSTAB�����rR , . ,
<br /> , g3.�,� .
<br /> ( i Yav Treaatry ludez-Bste Cap�)
<br /> TMS AWU3TABLB RATB RIDER i�roa4e thia�1tn d�y of�ssll0oqnl �19 �� •and
<br /> is inoorpar�ted inw ud�bxll be deemaf to u�d and tuppiea�t the Moet��a�Deed of Tewt or 8ecurity Deed(tho
<br /> •Sepuity Tnurumeat")ot the wme due�ivea by�be undaai�ted(the'Borrnwer")w ieaue Borrowar's Adjuat�ble 1We
<br /> Note(t6e"Note')to NO�tNi/T 11D1tTaIMas, sNC.
<br /> (t�f0�I.AiAdCi")C!(h0 lAmO dit0 8Ad CAVEfifl�1�10 Qt�Y dE�¢i�bOd�
<br /> !b0$Cpl[�tY�U�lfllAlqll��CC�tOI��f:
<br /> a��� �a�o�o s�ss�r � s�w�m. �s ee�o3
<br /> [Pnoperty Addmul
<br /> T�1VpTE CONTMVB PROVtSIONS ALIAWIIVG�OR CHANGEB II�T THf R�TF•RBST
<br /> �' 1tATE AND THE MONTHI.Y PAYNII�i'P. T�NO'I'6 iJM1T3'1'�AMOUNT TB�
<br /> BORRON►ER'S II�'fEREST RATE CAN CNANGE AT ANX WIVB'1IWE AND T�
<br /> ,f;l� MAXIIYIIAY[AATE'f�BOItROWFit MUST PAY.
<br /> �unrrtortN.cova��rrrs. m�aa�c�on a�ne oove�s�a�a maae m me se�cy�w�►�.
<br /> ":� � .,.,�-i' ,��; . Hor[ower.�cod II.easler funLer cav+ewut aa►s�aprea as foUows:
<br /> :-� ' t � A. IIVTF.RES"i'RKi�d►l`'�A�Qa�Ct7�1l.Y D'.AY.�CBANGFS
<br /> � �''ihe Note pmvide�for aa uu¢iaA iutxa�.st tau o1 9•'��� 96.'1'be!�a!m pa��for cban�ea In the iatere�t raoe and U►e
<br /> ':,,.. , ,��_N monthly paymenls.as fallaws:
<br /> � �,"� ;:,�,,.'�:'�;,-�,� 4. IIVTERFJS"1'RA7'E Al\�M�,�l7Y�iI.Y�A7��C CHA�S
<br /> :k�'i � � ti':.
<br /> ;��°,, (�►)ChvoQe Dntes
<br /> "�``�•`� � Tde interest rate 1 wlll pay may cbangc oa the flrat day ofBSrTS�stt ;199� ,and on that day every
<br /> r� iz �u�rrBe Wereafcer. Each date on whicb my intereat ratc could cbang6 ie c�lted a'Cdaage D�te.'
<br /> �.:^' 'Y�-��
<br /> '�i •''�"�:„ B)The Wdac
<br /> vx,..�.�•.; . . .
<br /> . • , ,..•,.,,::. Beginning wl�h the ti�t Chenge Date,my laureat rate wlll be based oa aa ladea. 7'he Index i:the aeekly averago
<br /> tiY',•.++a'�
<br /> '�s ti� � �?;���';� yield oa United States Trcasury securlties adjusted to a wnetaut maturity of 1 Year(o).as awde avail�ble by the Feder�l
<br /> _ : .�y�:.. . .: Reserve B o a r d. T he most re�ent I n d ea fi g u r a available a�of the data 45 da ya befon eacb Chwge Date is ealled tho
<br /> �;
<br /> �,.;.:. �,.;:.s�„ . � "Cutreni Indcx.' -.
<br /> " �'''�'''� If the Index ia ao longer aveilable,the Note Holder wUl choo�e a aaw iadea whicl�it bued upon ooa�rAblo informs�ion.
<br /> , t . ,
<br /> �'Y� T6e Note Holdec will gtve mc naice of ihii cholce.
<br /> � . :;:
<br /> °��- � .`�;� �c�ca�aoa or cnon�
<br /> �' . .. '. '``.���,";�;, Before each Change Date,the Note Holder wiil calculato my aew intenst rote by adding � �
<br /> �: ' ' �=-Q���gg p���ge po��( �.750 96)to tho Current Iadex.TLe Note Hoider
<br /> �� " witl Wrn round the result ot this addition to the nearest oaetighW of oae percontage poiat(0.12596). Subject to tlfa
<br /> ' - . ' . , limits etated in Section 4(D)below.this rounded amount will tx my aew intereat rate until tde next Change Date.
<br /> �� • Tlta Nou Holder will then determine the amount of the aaonthly payment tl�at would be aufticfent to repay the unpaid
<br /> .:�;
<br /> . . �• • , , principal Wat I am expected to owe at the Change Date in full an the roaturity date�t my new iatecr�t rate in eubeaatially
<br /> • equal paymeats. The raulc of this celculation will be the uew�nowu of my monthly paymeat.
<br /> ��; ::;,;, (D)LimNs on Iatecest Rate Chw�es
<br /> ., � , ••:��;a,;;:l'r., � ,.•� 5.750
<br /> ,•. q��«f!, . ;.„r;:, 1Le interest r�tc I am required to pny at the first Change Dcue will not be greater than 9b or less t6an
<br /> ( �: �•;;���. . ;�:'.:; 1.750 qy.Thereafter,my interest rate will never be increased or decreased on any single Change Aate by more thaa
<br /> ':F. .���1.I`:�•��.'. .
<br /> ! ' �' d'�'�1�i•'„�-�.:°, �:s � �o percentege points( �.000 �)frc+m my initial note rate of Wtereat I have been payirig for We
<br /> - • .';;�'h;r;�{�'"`��`��'•�r.;;< preceding twelve maaths. My interest rate witl never bc grcater then 9.780 96.
<br /> .;�� ,�t"Y'� � (E)Effedive Date of CWinges
<br /> �;�;.Et . •}•,
<br /> ,� '''':u`'��' ' My new interest rate will become effective on each Change Date.i will pay the amount of my new monthly payment ;� �
<br /> ;:,.;,,. � .. ' beginniag on the first moathly payment date after the Change Date until thc amount of my monthly paymeat chenges
<br /> �` again.
<br /> � • ' „ 'J •.. . (F�Notice ot ChRnges
<br /> �, . ' "�' . The Note Holder will deliver or mail to me a notice of any changes in my interest rate arid the amount of my monthly `�v�f,
<br /> ��_ .. �,� „ . �%'�'
<br /> �� n . peyment before the effective date of any change.The notice will include information required by law to be given me and
<br /> ��: � � . also the title a»d telephone number of a person who will enswer any question I may have regarding the notice. `''
<br /> '"� � - ' B.TRANSFER OF Tf�PROPERTY OR A BENEFICIAL INTEREST DY BORROWER ''
<br /> � ;y' Uniform Covenont 17 of the Securlry lnstrument is amended to rcad as follows: `��X}'
<br /> r� ,
<br /> �, Transfer o[t6e Prope�ty ar e Beneliciei Interest in Borrower.If ail or part of the Property or any interest in it ia •
<br /> �r, F. sold or transferred(or if a beneflciul intcrest in Borrower is sold or transfemed and Borrowcr is not a aatural person) �' :
<br /> i• 2 wilhout 1.erxiur's prfor writcen wnsent, Lcnder may,at its option,require immedintc pnyment in full of all aums secured fi • .
<br /> L' by this Security Instrument.However,this option shall not be exc�ised by L.ender if exercise is prohibited by federal ��
<br /> �y" ;�. �� ; lew as of the date of this Secur�ty Instcument. Lxnder also shall not exe�eise this option if: (a)Borcower causes to be ,
<br /> subu�tted to Leader inforn�et[on required by l.ender to evaluate the intended transierce as if a new loan werc beiag mede
<br /> ' � �• � • to t6e transferce;aad(bllxnder resuonably determines thsu L.cnder's secudty wlli not be impaired by tho loan �
<br /> "��-� •� accume�ion nnd chm ihe risk of a breach of env covenant or aQreement in t6is SecuritY Instrrument is acceptAble to `
<br /> !__� '� ` � , . J Lender. �
<br /> .-.t � i , •'' '1
<br /> !� E` ., _
<br /> � . J ..J'? - ��• 1
<br /> ,.,, MU19L4t'A78 ADJUSI'AlLB ItK18 WQglt Sin41e FuNly F�mie h1aelFteddh Mac Udtam Istn�ae�x Furm 3111 JrN3 �
<br /> . . �, . .. NIW[n.�{11191
<br /> � ��
<br />
|