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<br /> . _ � � FHA YVIUt;,�S7'A'�`AD�TS�ADLE RATERIQER� : : . . . `. . . . .
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<br /> ..THIS ADJUSTABIB RA78 RiD�it�b m�e.das � � � � � 3i#t• ` .., .�►°E
<br />� ' � !. I393 ' : � `'�nd�incapawled into and�it 6e deemed b�rt�ef�d�nd�t, '.
<br /> , - — - `� ���� l3ee�f of'ftwit a Sa�trity IaoM CSecari�y le�emaK"� d i�e aa�k d+xe �iven�jr.� �d�si� - .
<br /> � . . , ("BOf[�")blOCIrC BQf�01Y![�.�101C(�h10iC�)b � . , � � � ' .
<br /> . . , .. �/y�i�WV i�IY�Y ��i�7a �i� E _ ` . .a '
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<br /> ' (tl�"L,p�der')o�the`�me d�le�od coreri�the propeAy desctibod in the Se�utity Inslrumait.ard localed� , • ��%�
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<br /> , � , 1821 ii 1Z'1'S STREE! ' ' ` � ' , �`�'` " , : .' , .'
<br /> ., tiR�D ISL�D. lt8 68803 , ,'V,�.�
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<br /> - � : �%;�:;�:-``�, THE �10�'B COQITAINS PR�YISIOI+IS •AL1.OWt�IG FOR,'€'�'�.i�sES 1N THE �
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<br /> . IN7'ERB.S'1'.RATE AND 7'NE 11�IONTNLY PAYMEN'I: THE���'3AMt�'S•TH�
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<br /> ���f':��rF'. . � - AMO[1N'1'THE�QRROWF�'S 1N�EREST RATL CAIIXCHANG�'�13'_�t�t.��r7711� . ..
<br /> � , �. ;;, . ANQ TlIE MAXIMIIM RATE TNE BURROWER Mi.1S'�PAY. .. �"'''�' - ` ' '• :
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<br /> , ;.ADOIT[ONAL COVF�E�ITS. In addition to �he'�ovmants and agroemerts made in ttie Savr�ty tns4n�rnent,
<br /> � • 8dm+awerandLenderfuAher+�c*c�nt�nd�goaasfolbv4s:..:,
<br /> , : :. �'�: ,. '•,. .INTER�.ST RATE AND MONfHI.Y�e'�►'�tlENT CHAN(iES
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<br /> . The intaest rate may ct�ange on the firsl day of�Pri 1 1, 1995 ;a�i�that day of exh succeeding year.
<br /> "Change Date"•means each date on which the ufterest rate rnutd changc.
<br /> . ' (81 The lndex .
<br /> Beginning with the flrst Change Date.Che inte�est rate wlil be based on an Inde� ."�adex"means the watcly aveage -
<br /> yield on United States 7beasury Securit��adjusted to a constant matur�ty of one yeaF..as�made awilable by the Fedetsl .
<br /> Reserve Boud. Cuirent indea"�neans the most recent Index�gure available 30 d�ys�befae the Cfuinge Dat� U the Indes
<br /> .' (�s delined abovc)is no Iortger avaifable.!��will use as a new Indes any indea�p�sscdbed by�Secretary. As used in
<br /> thi�Rlder,"Secretary"means the Secntary��Housing and Urbun Dcvelvpment or his or her des�ee. Lender will Lrive _
<br /> , Baec�awa notice of the new I�cdea. ' � � • -
<br /> , . (C) Calcnlatbn of Interest Rate Changp � � �
<br /> ' Befae esch Changc Date.Lender will cutculate a new intercst ratc by adding a margin of ,
<br /> : ' T�ro • • • • Peroeetsae _
<br /> points(2.0000 96)to the curtcnt Indea and rounding the sum to the nearest one-elahth ot one pe�rnt�e point
<br /> (0.12596). Subject to the Ilmiis'stated in Paragruph(D)af this Rider.this rounded ac�em:�i witl be the new intereat nte until _
<br /> ' the next Chartge Date. • , '+ -.
<br /> :, .�; ' _ • ••. . , �.
<br /> . ' (D) U�sits oe laterest Rate Ctutu�ea , .�
<br /> � � � The inlenesl nte witl never incmase or decrease by moro than one percent�ge polnt(1.096)on any singie QanEe Date.
<br /> , • . 'if�e intercst nte wiil never be Rnon than�flve percentage poinls(5.096)higher dr tower th�n the initid�nemt ra6e. -
<br /> . tL+) CskNMio�d�4ig+�l.Ctaa�
<br /> , lt 1he HNerest rue chr�s,ae p Ctt�rge ihte.Lerxkr wiil caicu��te the�mouM of monthly paymeM ot princip�l arKt :
<br /> � � i�Nere�t which wouW 6e nea�ssticy�tr.�a3�the unprid principal6d�nce in fuH a��he tnMUrity date u the new�rate
<br /> .drouah w6�ttn�i�tly equ�l pit}�ments::in makina such calcul�tion.Lender will use ihe unpud princtp�l bal�nce which wauld
<br /> be owed ve the C'wn�e U�te it there h�d 6an no de�ault in pynKnt on the Note.reduced by the�mount of nY prep�yn�ents.
<br /> : b p�iq1.T6e naait ot d�is cakul�ion wlil be the antouM of the ntw mvnlhlY D�9�of prineipd and LNerest.
<br /> . �,' (I� NoticeotCliwses � -
<br /> • l,eeder wi0=i+�e nolioe b Borrower oi any chr�e in the inlercit n�e�nd monthty P�YmMt a�nounl. The eolion must „
<br /> '. ' be pwa�t Nrt TS drys betae the new ntoiMiilY P�7�arnount ts due.snd mwt ut falh(i)the Mte W We nwfce.
<br /> • � .• (ii)fM CY�e D�le.�t�i)11�e old inler�e�t rNe.(iv)tUe new iKerett r�e.(v)�he new n�Mhly Phnea�t�nou�(viT� '
<br /> . .[.Lrs!irdpt ad�C�Mt it wa publiihed.trii)the method d cakuLtLt�tAe chrye in maMhly P�ymeet�and
<br /> , '. (riii)�r a�i�fa�lion wdkh nMy be n��Yed�r law imm.ue�e 10 time. .
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