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__ ' '� �.�:;h_ -�.�..� ..,, . <br /> � <br /> w� <br /> _� ; <br /> _.--- --_____...._�...d . 111i�7-1-1! <br /> • ADdUSTABLE RA4E RiD�R <br /> � . (1 Yw Trwury ln�c -R�b Cap�) ��" 1�,�r8 <br /> TF+IB II�JUSTA3lE w►TE RIOER is m.d.thls_ t�t _d�y ol F.hr�.rv , t��4 ..na <br /> M M�oorpo�t�d IMo�nd sh�N b�dMrtNd lo�rtNnd�nd wppUnwnl th�MoAp�p��DMd d T�u�t a S�a+�tY OMd(th� '�o�xNY MsdunNnt') <br /> oi th�wn�d�u qtr�n by th�uedw�ipn�d (th�'Bor►ow�r')to s�ax� 8artow�t'�Ad�u�W�M Rut Not�(th�•Nol�')w <br /> __�—� _-� (the 'lendu')of th�wnw dN��nd cowrN►q tt�Pru�wtY d�c�IWd b ih�S�w�tY lo�lrumrnt tuid locat�d�t: ." <br /> ��. <br /> — (aop.nr Aaaruy <br /> _s.,�___._�� TME NOTE COMAINS PRQVlSIONS ALLOWINa FOR CHAN(iE8 IN THE �N'TEREST RATF <br /> AND THE MONTFILY PAYMENT. THE NOTE UMITS THE AMOUNT THE 80RROWER'S <br /> -- ---- INTEqEST RATE CAN CHANOE AT ANY ONE TIME AND THE MAXIMUM RATE THB � <br /> BORROWER IIAUST PAY. <br /> —� A0t31TI0NAl COYENANTS. In ad�Ntlon to th�cownants�nd aprNrmnts mad�in th�S�curfty lnstrum�nt,Borcow�r�nd l�ndr fwthK <br /> - +_ �� eov�nt�nd�pn+n folow�: <br />� � �'+��rw —_ <br /> � { �,i��; ' A INTEREST iiATE AND MON7HLY PAYMENT CHANGiES <br /> •���,f� Th�Not�provid�s tor an ini9i�i intwst rat�of 4.290 9L. Th�Not�provicNt tor ch�npea k►the interest r4te and ih� <br /> �a ;u.,...-.�:�R�»,�. <br /> - :�::r;.< .:.�,�_�:•<., monthy peyments.asfMlows: � <br /> ^�'�''�'����"'�� 4. INTEREST RATE AND MONTHLY PAYMENT CHANGCS <br />. '1� i "f•- <br /> y��v�`ll.,� .��'`�,�"�.. (A) Ch�ng� Dst�s =- <br /> Maroh 7995 ,and on th�t day <br /> 'y.'��1};;':�:s.>,:°."+..: • -.` ThQ intr�st rat�1 wUl pay mAy chanpe on th�lirot day of � <br /> �`� t���'�� � w�yr lwMNh p2th)month thuMft�r. F.�ah d�t�on which my i�tw�st wt�eould chanpe Is caltd a 'Chanye Dat�". <br /> ' ;{�•�-'��.. .. ' �#: <br /> . .�..�1�. •. �• . <br /> .t�:;,:.;.... . .: �,:: (B) Th� Ind�x __. <br /> • �h;�as;,;•:,�.>;�P;.�L �::, <br /> t Bpinnlny wRh the flnt Change Dat�, my intereat nt�wW be baaed on an Index. The 'Indwc'is the monthty averay�yiMd on Unftad <br /> _ ,--�="'�'"'�•'`�''�` �is;Tresaur;sscu�tle�.adJ�et!�to a constant mr+turfty of one(t)yetr,�s made av�liabie by tha Fedwat Reaerve Bwrd. Tho most ra __ <br />, • unt Indeu fl�ure AvailabN�s ot ihe d�ts fortyfive(45)daya befw�Kch Chanye Dat�is c�lUd th�'Cumnt Induc". <br /> ..., Q:'- <br /> " � , It the Index Is no lonqer avaikble,the Note Holdu wlil chooae a naw index whioh is based upon comp�tabk infomuUon. The Nute <br /> . Holder wUl piva me notict of this cholu. <br /> (C) Caloulation of Changos <br /> �wgp �;j�: <br /> 8efon oach Ch�nye Date, lhe Note Hoider will calculate my new interest rate by�ddk►9 _-__� <br /> percentage potnts to the Cunent Udex, The resuits of this addillon will be my new interest rate unW the <br /> .. next chanye date, Subject to th�Ilmita atated In 3ectlon 4(D) bNow, this nwv amount wiN be my nwer interest tata unttl the next �� <br /> = Chanpe DatQ. `= <br /> �"rx �. <br /> � . The Noto Hoider wfll then detertnine the amount of the monthly peyment that would be suflicient to repay the unpaid prinGpai that 1 am <br /> � ucpectad to owe at the Chanye Qate In fuil on ihe maturity date at my new interest tate in substentlelly squal payments. The result of thia �t� <br /> calcu4�tlon will bo tha naw amount of my monthly payment. [�rz <br />� � • (D) Limits on latorast Rata Chanqos _� <br /> The Interest Rda 1 am requlreci to pay at the tirst Change Dete w1li not be grealer tha� 6 280 %. �i <br /> Thereafter.my Intereat rate vvNi never ba increaaed or decreased on ony singie Clunge Dale by�more than 1•880 _ <br /> percentage pants from the tate of Interest I havo been payinq for ihe precediny tweNe (12) months. My intereat 'ti-: <br /> . � rata will never be prenter than 9 990 %. " <br /> ' ' • �. ' (Ej Effactiw Dato of Change� � <br /> � ++ My naw interest rote will bacome attectivQ on each Chanpe Date. I wili pay the amount o1 my new monthly pvymenl beginning on tho <br /> � �^+�° first month�y payment date after the Chanqe Date untll the amount ot my monthly payment ch�ngea ayain. � <br /> �.. (F) Notico of Changos <br /> .;.'. . <br /> 7he Note Holder wili deliver or maN to me a notice of any chenges in my interest rate and the amount oi my monthly payment before <br /> ,. ' the ettective date of any change. The notice wfll include Iniormation required by law to be yiven me and also the title and telephone <br /> � �. number of a person who will anawer any questicn 1 may hnve regerdinq the notice. <br /> - � . <br /> . : � <br /> . # ' <br /> s MULTISTATE ADJUSTABLE RA'fE RIDCR•ARM 5�2 s���i�Fa�.�y-Fennie Mae/Freddie Mac Urwform Instrument �FF�L Modj 3/B5 <br /> •. _ �� __._ <br /> .Y_ �_ �—__..—____ <br /> �r. ,� � <br /> �.- � <br /> +' <br /> � <br /> S`}:: <br /> ' ,. <br /> . . 3ttt.hm 17/93) <br /> �� i <br /> � <br /> i <br />