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<br /> � . FHA MULTISTATE ADJUSTABLE�ATE R1DER " .'. `: ��{
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<br /> TNIS ADIUSTABLB RAB RIDBR ia mMlo Ihi� a�� d�y of
<br /> �Dt��Y, 199'� wx!i�ina�rpxalcd inlu wwl xlrll bo dcemod tu a�rie�wf and w�pi�nent
<br /> ,� Ihc Ma14a�e, DeW of 'liu�l w Sccurity t)eal l"Socudly buuutneni"1 uf Q�e ww�w: Jw1e �ivoit by U�c and�tf�f�d ..
<br /> ("BaRUwa"!W�ocip�e Barowa k Na1e l"Nutc"1 tu
<br /> o�r.oMSOa rsn� saviNas a�a�
<br /> lUie"l.aider')of Ibe wna d�ue aad coverin�U�c propahy dcrscribcd in�hc SccarNy Ins�rumcnt and loc�ted al:
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<br /> ' � � `'��'�� "� T1�E NUTB 4UNTAIN4 PROVLSWNS ALLQWl1�iG FUR CNAN(iES IN TN�
<br /> ' ' �� �M'EREST RATF. ANU TtlF. MON'1'HLY PAYMEN7: THB NOTE LIMITS THE
<br /> �:,� ; . � �"?''„�, AMOUNT THE BORRUWF.R'S 1l�IT�REST RATF CAN CHANIiE AT ANY UNE'fiME
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<br /> ,. -•�:�'� ANU TNE MAXIMUM ltATE THE BURROWER MUST PAY.
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<br /> ; „•? • � ���!'�'�ttNAt. CUVIiNAN'1'S. In u�kli�iuo lo N�c covcnumx w�d ugrcemcmF inalQ in Ihu Secerity Inslrulnc�t.
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<br /> Borrower and L.emler further covcn�m anJ aErec as foUow�:
<br /> '''s�:':�''' • 1M'EREST RATE ANU MONTHLY PAYMENT CHANGFS �,
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<br /> �,�� ' �A) Cbwngel�te Januu 1. 1995
<br /> �� . The interes�rn�e may chonRe an Ihc lirr:i duy of p .wnd that dey qi ench wcceedia�yau.
<br /> ;± • "Chunge Dale"nkans each dMc nn wbkh�hc imcrc���Atc aiuld chnngc.
<br /> ,�.». � �B) Thc Index
<br /> �'� �, Beginning wilh Ihe first CUan�c Unlc,tlre iniercsi �+xc will bc bnscJ on An index. "Index"means�he weekly aversge
<br /> yield on United Sls�tes'Ibeu�ury Securi�irx udjusled q► u cumlum muwrity af one year. as mude availabk by �he Fedetal
<br /> Rcserve RoarJ. "Current Index"menox ihc mos�rcccn� Imlex figurc a�•ail�t�'Ic:�f)days before the Change Dnte. If lhe Index
<br /> �' � (as deGned aMovel is no(ungcr avail:�Nlc,Lcndcr wiR�isc uc ci new Indcx mep irx9ex prescribed by the Secretary. AS used in
<br /> . '�;'::��.'i;� " lhis Rider."Secrewry" mcans d�c Srrr�lury uf IlnusinF aial UtN•rn Ikvol��nnem a� nis or her designee. I.ender wUl give
<br /> � .:.':�'' . - &un�~ver nMice of 1iu�nFw•Index.
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<br /> . ,..ti, ., IC► ('alculplinn uf IMeresl Rale ChAn�es
<br /> ''��'>'�• Before carh Changc Date,l.enderµ�ili calcula�c s�new imercs�ru�e Ny adJing u tnargin ol'
<br /> ';. "r percentage
<br /> �;i .•,.4.^ . .`r,.'•''� pninls(2.0000 `� ��Olhc currcnl Indrx :md I�NIINIIIIZ! llll` sum ta thc nr:irr.l onc-riFhlh af�x�c percentoge poinl
<br /> ,'�{, •, ',. p1.12S'Xr). Sabjerl ta IhC limils clnlyd in 1'araFraph lUl��1'Ihi�Ridcr.Ibi�rnw�Jctl nnN�unl wil)bc Ilre new intcre�l rale until �
<br /> '. . the next Clwngc Uule. '
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<br /> , � �� IUI Limils on Interest Rale l'hunses .
<br /> ' Thc interes�rv�c will ix�cr inrrca.c or d�Yrca.r b� nxne�Usu►wic percemugc Ex►iiu l I.U'�)nn any singk Chu�€e D�att. �.:
<br /> � � The iMereu rate will ncvcr Ir rnon�han fi�c pe��rn�:l�!C��illl�IS.II':i 1 hi�hrr ur loN•cr�h:m�he ini�iol M�erest rnu.
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<br /> ', �. IEl CvIculWion uf'1'a��neat CI�nRe l
<br /> If tlk inlrrcst ral�r6angec�ai a C'han�,r U:uc. (.r�ukr ��ill c:dculu�r dk um�w�u uf m�NUhh� p•rymrnl at rcin:iq+al and f
<br /> 'i� ''�' ! inteRxl which w�uu1J he rktir��q t�,npay�h�•unpaiJ prx�cip:�l halunce in lull al Ihe malurily date ul Ihe new•irNaresl rate t
<br /> - ;�. • Ihrough sub�lanlially eyuol pa�•menl�. In nul.iug�uch ralculution,l.enckr will use Ihe unpaid prinripal twla�ue which would
<br /> be owed on Ihe Chs�nge Ua1c if ihcrc h•rd txY�n n���k(:�ult in pa��mrnt on dx No�e,redueed by dm amnunl ol'any prcpayments k .
<br /> u,...:„.�:..�� 't�r n wl�of�his ralcul�tiun w ilt bc tl�c nmuum��f d�c��c���manddy��ynkn�of prim ipal and interes�. �.
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<br /> ' �FI Notice ot Changes �
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<br /> . ' � .. Lender will give�xNice to H�xu�u�Y��t uny rh�n�c�n 11�c intrir.l ralc amf ouailhly paymm�t anxwnl. The tK�lire mu�1 �
<br /> r- � be givm al leasl 25 Ja)•s I+ct�xr thc nrw ntunlhly pa�nMnt amixmt ir Jur.unJ mu�► �c� forlh lil�I�Jate of Ihe notire.
<br /> � '' „ lii) Ihe Clunge Uate.liiil Ihe oIJ iotcrc�i ratr.1i.1 Ute nrw inierr.i ��Ir.1�1 Ihr new monlhly payment amcwnt.lvil Ihc
<br /> ( ��- Curnrnl Index++n�l 1he dite i� wac ruhli�hoJ.I�iil IIM nKltNxl�(ralrul�ling�hr clun�te in monlhlY payntenl aimwm.anJ �
<br /> � E;: ° I�iii►any dhcr infixmatiun whirh n�?hc rcyuintil b��Inw�fn+m timc u�limc ?��
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<br /> {� � • nEM�ea ro�on �n,�i�,���urru np�►a�r�,�u n r��et»��m
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