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<br /> - _ � � � � � AD�JUSTABLE itATE RIDER 94= �r� _
<br /> _ ` . ((rMo�tiT�Wed�A�.liusArer�(f�na�eet)-R�1tCsps) 1��VI�Fi . ..
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<br /> - --- � '[�S ADIUSTABiE RA'!E RIDFR�mtde I�is �[ dty o� �IY7[� 199� .a�is iacatpatat�d into and abali . - _
<br /> - - --- _ bedeemed w amend�od auppkment t6e Moetpje.Deod ot'Ihnt or Sec�ity Doed(tbe'Security IastiinneaY2 of tt4e sam�e date�iven by � <:.�:,_�
<br /> �"a"� =� t�e YbdClai�ned(tlfe'BOHU'1Y�Ct'�to sau�+e BOQOWCi'S Adjlnitbk RttC NOfG(tbe"Not�')to ' ' .'� i� `'
<br /> � mi�i+ �t71L 1��'1'IQ�T . -�-_
<br /> `� n�' (�he"i�asder)of�bes�medarcaadcavainsWepeuperrydesai6ediatLeSeaairy�ensandlocaudar. .. ... ..
<br /> � -y�--_-_�_ . ' � 36�0 =�+m.l�i_�1D. E�D ]�. 1� 68801 .
<br /> ��:`'-`�',�T`�°� � . ` -- _. 8M1!sp'eYAdd"`� - - - - ,--- -
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<br /> ' �' `���'��- � THE NOTE CONTAINS PROVIS[ONS AIlOWING FOR CHANGES IN THE INTEREST RATE AND THE � : � �
<br /> .�.�_;<..-�. �... .
<br /> ' ��=�`:��R-_:�` MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWER'S IIIfT�REST RATE Ci4N - • . •
<br /> � � CHApGf AT ANY ONE TIME Ai110 THE MAXIMUM RATE THE BORROYVER MUST PAY. � � . :'':
<br /> "����`��; . . ;• '
<br /> - :�'R�;'�-�, ADDfl'IONAI.C�VRVANfS.io addidaeto the oa�vea�nts am apoemenlsmade in tbe Secauity Iaunmseay Boerower aaa Lender . �
<br />-'� "� fiathetoovenaataad agee u follows: . � r ` •_'`
<br />��J�. �:;`'� _ . - • �� : � .
<br /> � �`�':` <,�: . . � A. II3T�tFST RA7E AND MONTHLY PAYMENT CHMT(iES -
<br /> ;�� ° `_• ,� � Tbe note pmvides for an initia!inue+estrat�of 6.000 °,4.'Ihe Note pmvides fw cl�anges in tLe iaterest ���,� .
<br /> � ��. -.. ;' nteam t6e manthly Paymeotsr�follo�wx . ; " •
<br /> 4. IIV7'ERF�ST ltA7E MN MOI�.Y PAYIbffNT CHAN(iF3 . ` � ... -r�..
<br /> �' . :. . . i .`•c-
<br /> � � . (A) CdaaEe Daus � .._._ :.
<br /> �'' ``-: �, � •. - :` T6e iateeesttate I w�t pay mry chmae an the fitst dsy of , 1!�'P ,19 JL ,and aa iLat clay evey 6tb maath 4- -, �'�=`�:
<br /> :�' •�.. •r tbeee�fter.Fac6dateoowbicbmyintetesttatecouldcbaajeiscalkda'CdaaEeDate" , . ,. r:
<br /> � _ '� . (B)The iAdex . _ • . . -
<br /> � . . •`� - Beainoins�vitb tbe fustebanae Date,my intet�estrau aiU be 6ased an m Index.7He'fixies"is the weekly auction avera8e . .
<br /> �,'�'!�` . • ('mvestment)oa 6month treawey bIlts,�s made avatlableby the Fedetal Resetve BoaN.'III�most recent lndex Sgun avaiIableas of the ,, � ,
<br />: .. . .
<br /> �. :.:..�:�'::,� ;a:: _.,. • .. f
<br /> . ' date 45 days betoe�e eac6 Ch�aEe Pate is cs�led the'Cameni Lide�x." . � �
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<br /> . ' If tha index is ao Toaaeravai1a61e,tlie Note Hotder wlll ehaase a new iades whic6 is based upon compara6te infocanation.'Rie Note . -
<br /> . . � ', HolderwUlgtve me noticeof tbi4 ehoioe. ` ' �` - . :
<br /> , _ _ .. ._ (G� GlculadonofiChanges F�t�iU � ffi� ` <r�.-
<br />_-- --_ --.= .._.- - .. , BcfaeacA C,ha�ge Date.tse Nate Hatderwili catcutaumy new iatecest tau bY�S P���P�f 1.375%) -- ----
<br /> .� , to tLe C�ent ladex.7l�e Note Holderwill thm namd tbe e+e�it of this addition w the aearest one�ightb of oae pete�ataEc poiat , .�;.;:;
<br />: :f..:. . � (0.1259G).Subjeet to the limits stated in Section4(D)betow,this tnuoded amount will be my aew inteiest rau until the next Cl�ange Date. •
<br /> . t . .
<br /> . . , The Notc Hatder will then determine tbe amo�mt of the moathlY P�Ymeat ihat would be svfficient to npay tbe unpaid principal Wat I ';.,:
<br /> :` .•� . .,� �
<br /> . •..... _;_,._..._..- ----.-.---... am expecded w wre at We(;Mmge Dau ia fuU oa t1�e matmity date at my t�ew interest nte m su6atuit�ally oqusl payments.7Ue cesult of ';;;'
<br /> , ';,;�i��` . � tbis eatculadoaalU be the new amount of my monthlY WY��• �
<br /> N) I�mit�on Interest Rate Ct�ages .
<br />-,,� - , ._ ' � 7be interestrate I am rr,quired to pay at the fust Change Date will tiot be greater thaa 6.750 �{,or tes4 than 5.250�,.71�ere- . .
<br /> _ i ; ��:;. .. . atter,my interest rate will never be inc�ased or dureased oa any singte Chaage Date by more�han 3/a percentage points�0.750°fu) .
<br /> s f , • � . from tLe tate of interest I hsve beed pay3ng for tUe preceditig six months.My interest rate will nevcr be greater than 11.00e6. , ,
<br /> : ' � (E) Plfective Date of Changcs ,
<br /> ;,. ' - : . ._. ._ _ . My new�nter�est rate will become effecttve on each Change Date.I will pay the amount of my new moaWly payment beg'mning on thc _
<br /> � . .' fitst monlhlY WYment date after the Change Date until the amount of my monthlY PaYtneAt changes again. ' . ,
<br /> , '•,,f`• . (i�NoticeofCluit�ges � .. . ..
<br />. '���" 7I�e Note Holder wUl deliveror m�it to me a notice of any chaages la my interest rate and the amount o1'my monthly payment befotc '
<br /> ny:
<br /> ' �!�;':•:�„` the eRectivadate of any e6aage.71�e notico will�neiud�'information requiced by law to be given me and also the title and telephone '
<br />- `";;' : � � � - �'��"� number of a petson who wiU u�swer aay question 1 may have r�cguding the aodce. . �
<br /> -`= ' �,�- B. TRANSFEtt OF THE PROPFRTY OR A BFNFFICIAL IN71'R�S'1'1N BORROWER .
<br /> :�._. : . . ...-�:
<br /> : , .. �_ Uatfam Covewnt l7 of the Secudty Instrument is amended to Tead as foltows: ' � �
<br /> � " ' Transfer of the properiy or�beneticial interest in botrower.If aU ot anY pazt of the property or any interest in it is sold at teansfezred �
<br /> 4�. � , ,
<br /> ' (or if s beae�icial interest in Borrower is sold or transferred and Boctuwer is not a nannal person)wIthout Lcnder's prior written cansen4 � .
<br /> � �` � � Len�kr may,at i�s o tion,require immcdiate snt in full of all sums sec�red b this Securi 1nstr�enG Lender afso shal!not exercise
<br /> :. . :>.�,, P �Ym Y �3' • .
<br /> + �- ' � � tbis option if:(a)Botrower causes to be submittcd to Landes information required by lrender to evaivatc the iniended transferec as if a new . .
<br /> ', . ' ��wen being made W the uat�sferee;and(b)l,eader tcasonably detem�ir►es that Leadcr's securlty anl]not bc impaired by thc loan ' ' . . •
<br /> uai
<br /> � 5 � . . z�sumpdon aud that the rlsk of a breach of at�y covcnaat or agnecmcnt in this Sccurity Instrument is acceptable to Lender. ,. � .
<br /> ,�.;• �,_.;. '::;t;;;�.;. To the eateat penntued by applIcable law,ltnder may cLarge a reasonable fee as a condiUon[o Lendct's conscnt to the iwa . 'r„ ;
<br />_. _ _ �#.�-;-" .s'��:;,':• a.s,cumQtion.i.ender may also require the tzansfcree w sign an assumptiw agreement that is acccptable to l�Wer and ihat obligates the ' •
<br /> .en er
<br /> -'�'�`��' �..��_i s`�;, te�sferee w loocp all tLe ptomixs and tErameab made ln tbe Note and in thls Security Inswrneat.Borrower wlll continue to be . .
<br /> ��ted noder fl�e IVote aad this Securlty Lntrwnent unles�s Lender telas�s Bort�wes in v6ritins. • '
<br /> � - ------ :'� . If l,ender exe[cises 1Le opEion to nquire immediate psymcet ie fuU,L,ender shalf E�ve Botrower notice of accelention.7lie nottce .
<br /> __�°'_..�-°��� ah�ll provlde s paiod of not itss tLan 30 days fmm the daEe 9he aotice is delivend or maited wiWin whlch Borrowcr must pay all swns , . •
<br /> — aau�od bY Wis Securlty l�eat If Boamver fails to p�y these sums pfr�r to the expinHon af this perlod,Lender may invoke any ._ - --
<br /> neaoedies pamiued by tbls Sxurlty Imwment witLout futthernoHce or demand oa Borrower. • '
<br /> - -- BY S1C)NINCi BF1AW,boet�awer icexptsmd�Erus to th�te�ms�nd covenants coet�iaed le thls Adj�sstatile R�¢Rider. . •
<br /> � \T�o�Y�+�1�7 . lVQ/UJI�U (S��i) � (S�at) , i
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<br /> ienew , . ISI$A�f%$�1fQ�� �
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<br /> MULTISTATE AOJUSTABLE RATE RIDER-MM 5�2-Sinpl�Family- ` ' '
<br /> . FanriM Ma�/Fnddi�M�c Ueifam�Instrutn�nt Form 3111/3/85 . EG3033�REV 03/93) �
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