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<br /> � ���- ���t 183- 1p9fi.'�8 _
<br /> � ' � ADJUgTA�4E iUTE R1DER
<br /> -- " lt Y.ar Tr.�a�I�ia—Raa Cy1�—riiui�tw u.•r�i w�� , `°
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<br /> THIS ADJUSTABLB RA1'8 RIDER b made thl� Sth �Y or MOwab�r �
<br /> 19 gg .�nd i�incorponted into�nd�h�ll be deemed to amend�nd wppkme�pt th�e Matp�e, Deed of Trwt
<br /> --- Y or Sccurlty Deed(the"Securtty lratrumenN')of the iune d�te stven by lhe under�lpwd(th�"Bot�ow���)a�un
<br /> u.. _ Uot�ower'�Adjuslable Rtte Note(ths"Note")to (tM"�������
<br /> '� COLDIlDO!! 11�atIlL �lYIN08 B�X
<br /> `"" ume date and cove�in�the properlY desc�lb�d In tM S[cuc[tr I�utrument and Ioated a�s
<br /> - -- -- - - 4194 MOR8o0►� GR1lMD ISLIIMD, �= 68803
<br />- .,......�� (P�ovn�y Aidr.d
<br /> 2 —,_,,,,,-�*�-� THE NOTE CONTAIN9 PROVIS10N8 ALL�WINO FOR CNANOES IN THE INTEREST qATE
<br /> ��lV/LLiT64
<br />-- AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORRQ1AtE
<br /> ' •• ADJUSTABLE INTEREST RATE CAN CHANOE AT ANY ONE TIME AND THE MAXIMUM
<br /> — --=_-_---- �RATE THE BORROWEfi MUST PAY.THE NOTE AL80 CONTAINS THE OPTION TO CONVEIIT
<br /> `''� THE�ADJUBTABI.E RATE TO A FIXED RATE.
<br />_ � ..q•1���p • __..
<br /> � '�f��w.. t�� •
<br /> ' .��;,r�_{;�;�_ AUUITIONAL COVENAN7'3. In sddition to ti�c cove��nt�and�resmenu m�de la the SKCU�itY��ut�uuoset.
<br /> .`,,�-,;�� •��,a,-�]{(y�.....,�, Borrower snd Lender furlher covenant and qra as follaws:
<br /> CiF. �`J�.�.AITMR[C"�1'� �.
<br /> "' A. AWUSTABLE RATE ANU MUNTN[.Y PAYML+'N7 CNANGES
<br /> h;a+:�.;. ��.._i..;. : . The Note provida for�n initlal inte�at rate of 4.1250 �U.The Note pcovida tar ciMn�a
<br /> •..�..��.'1+tt,r�4,fl. •�
<br /> �l7:':�:..�;�;,,'<_::� - � in the adjusuble interat rate and the monthly ptyment:.u tollows:
<br /> '�'..;=_�:w,.it..'..+�;:�.!,
<br /> f:,.....��._:?.:v:c'}„�: ..
<br /> ,.� . , , . :.� �. AWUSTABLE INTEREST MTE ANU MONTtiLY PAYMENT CHANGFS
<br /> • e �•':,-,..:,f:
<br /> �u: � (A) Cp�n�e Dates
<br /> �;��'' r.,i..
<br /> �'� The adjust�ble interat nte 1 will pay m�y chaeQc on the fint day of Deoewb�r �
<br /> '������'t�k'�`; �q 94 ,and on that day every 12th month thereaUer.Each d�te on which my adlushbk�ntaat rnte coutd chan�e
<br /> --- •::'.; . . .:s. is caltcd�"Ctutp4e Date."
<br /> . ., t81 TMe ladex
<br /> ' Beainning with the firat Ch�n4e Date,my adjust�bk inte�est r+tte will be based on an Index.The"lndeu"is!he
<br /> :� �,�, .r���'+ weekly avoraQe yield on United St�tes Treasury secu�ities adjwted to a constant matu�ity of 1 year.ss made�v�fUtbk
<br /> �,��,,, �. .
<br /> � ,, : by the Federal Reserve BoA�d.The most recent Index fi�ure avail�ble�s of the date 4S day�before ach Chanae D�te
<br /> ' �'. ' . ',; ;;, is called the"Cu�rent Index."
<br /> ',��.� 1(thr lndex is no longe�available� the Note Hotder will choose� new Index which�b+ised upon companbk
<br /> � . �. information.The Note Nolder will�ive me notice of thi:choice.
<br /> i�,. i
<br /> •• (C) Calcul�tion ot Ch�n�es
<br /> �: • Before exch Chan�e D�tte,the Note Holder wlll cAlculate my new(nterest r�te by�ddin�%,to��Current lndex.
<br /> �' • 2.7500 percentaQe points( 2.7500
<br /> � ' Su�b ecttto the limit�`s�ted in Se tfon 4(D)belowathis rounded amount will be my ewnte at�ate�uaW •the aext
<br /> . j
<br /> � Change Date.
<br /> The Note Hoider will then determine the amount of the monthly payment thit woald be sufficieet to repy the
<br /> ' In sub tantialty equal payme►psc�Theres it ottt is ealcul�tGionewiUtbe the�ew wnouMOf my monthlyipsYma��
<br /> '���=� (D) Umtts on Interat R�te Changes
<br /> � ��t:e:,�.
<br /> The interest�ate 1 am required to pey at tl�e first Change nate will not be�reater than 6.1250 Ii
<br /> • t x. or tess than 2.1250 yi.Thereaftcr�my adju:t�ble interest��te will never 6e Encrcased or decrcased
<br /> �yi . ��''�"` . oa Any single Change Uate by more than two percenta�e points(2.OS'i)�rom the rate of interest 1 have been payin�
<br /> "• �� � � �or the precedinQ t2 montha.My intetest ra te w i U t t e v e r b e��t a t e r t h a n 1 0.1250 !i.wMkh i�c�l{ed
<br /> � - the"Maximum R�te"
<br /> �� � (E) Et[ective U�teof Chwn�es
<br /> w �� My new interest rate will become effective on each Change Date.l will paY tlu�mount o!my new monthly p�yment
<br /> beginning an the first monihly paym¢nt date after ti�e Ci�anae Date until the emount of my monthly p+�ymenl chsn�a
<br /> ,. . a�ain. ..
<br /> :-�::: ,'_. . _ .
<br /> - . (F7 NuUce o(CHange:
<br /> , �x�.w._.,., .._. The Note Holder will deltver or mail to me a notice of�ny changes in my adjusQ�tble intercst��te aad tbr amount
<br /> _ •�,._.Y..e___. .
<br /> � �n.,-.�;.,. •. .�. o!my monthly payment be(ora the elkclive date of any chau4e.The notice will include inform�tion rcquir by w
<br /> � LR'��?` ' � to be�Iven me�nd alsn the title and telepl►one number ol'�person who will answer any quation 1 maY h�ve re�anlin�
<br /> -- the notice.
<br /> n c�YCn tN�r�Q�CT ItATE OI'TION
<br /> �_`�i 1.�•?�''_�;;
<br /> -= � r�� . The Note provida for the Borro�ver's option to convut from an adjuatable interat�ate with intere�ate limits
<br /> h� ; ; . to R tixed interat r�te��s follows:
<br /> — S. F(XEV INTERES7 RATE CONVERSION UPTION
<br /> (A) OptbN lo Corvut!o Ftxed itsle
<br /> 1 have a Conversion Option that 1 can exercise unless 1 �m in default or this Sectton 3(A)will not �ermit me
<br /> to do�.The"Conver�ion Optbn"it my option to convert the interat r�te 1 am requtred to p�y by thit Note f�om
<br /> an adjustable nte with interest rate limits to the fixed rate c�kulated under 5ection S(B)below.
<br /> The conversion cm only t�ke plRa on a date(t):peci(ied by the Note HoWer du�in�the period be�innin�on
<br /> the Qnt Ciuin�e D�te and endin�on tBe tifth Chan�e Wte.Etch date on whlch my adjuuabk Interat�atacan convert
<br /> � -- ° to the new fixed�ue is calkd tbe"Coovenion Date.••
<br /> M{l�TI�TAT"/►DJUiTArIE MTE!MO[I1-AIIM KAN�7-sMqM F�nMY-F�rrM MM UnlNnw kN1rw�N iorm�it�121t7
<br /> M''�^ � � �4M�tt„ vw�ta�ar rtww •i������uo• NoMttt�m
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