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<br /> ADJUSYABLE NATE RIOER '���-�'��
<br /> . . (1 Ys�r Tn�wryl ind�c -11aEr C�) ��� 1Q�,3�
<br /> TM�a�c�ua�rxe�e a►�nioen w m.d.ur. l�t �r a.F.� , 1°� .•^a
<br /> . : M �oo�,ot•aa �mo.na .nM w d.«r+.d a.m.nd.na«�n�.,e�n.Ma+q.q..o.�a a rti.e or s.ou�y o..a t�••e.ou�y r+�o+rn�x•�
<br /> d 1h�wns dat�plv�n by tfi�undwlpned(th� 'E3artow�r)fo srax� Ba►owv's Acywtabl�Ra��Na�nh��Noa•)a
<br /> . �F�� �ioira o S� ?j t��r r:.�wf�►iww w/ 1 In�nJn -
<br /> (IM•l�nd�r')of iti�wM dW�nd oovMinp th�ptopwly dMalb�d in Ih�S�Ctxlt!►Imlrum�M�nd loat�d�t:
<br /> 3107 W��t 8•+� SL••� - -
<br /> -- ��and Isl�nd N�hr�lta„6880�
<br /> " . �aroa«�r�aarny –
<br /> � TI{E NO'('� CW�tTA1N8 PAOYISIONS ALLOWIN3 FOR CHAN�ES IN THE INTEREST RATE
<br /> � � � AND 1NE MONtHLY PAYIIIIENL THE NOTE UIMITS THE AMOUNT THE BORROWER'S --
<br /> — -- INT6RE8T RATE CAN CHAN�E AT ANY ONE T11AE AND THE MAXIIAUM RATE THE
<br /> BORROWER MU8T PAY.
<br /> ADOITIONAL COVENANTB. In addition to th�cown�nts and�preartNnU m�d�in th�3ecurity�naWm�nt,BarrcwK and UniMr fiiRh�
<br /> - covmant and aqr� o torows:
<br /> � A. INTEREST RATE AND MONTHLY PAYMBNT CHANG�S -`-
<br /> Th�NoU provida far an IniWi int�nst rat�oi 4.290 �. Th�Not�provida tor chu�p�a In th�intKUt nU�nd th�
<br /> . •„i,•,•,�'.. month�Y P�Y��^�.at foNows:
<br /> -a'
<br /> ,4 ;:;::W��+:.,,,�+ 4. INTEREST RA'fE AND MONTHLY PAYIIAENT CHAN�ES
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<br /> t `r� ,...,;�.�,;,�.t,� (A) Chanpa Dat�s Ms�ch 1898 ,and on that d.
<br /> ,. Z'�'`�:�''�,'�` Th�int�nst r�ts i wf�pay may chanye on the ftrst day of , Y
<br /> r.4'�:.^ •. . '«
<br /> „ �,..,�v.•,.:• � w�ry tw�Hth(12th) month th�ftK. Each dat�on whlah my intanst nte wutd chanpe te caNsd a 'Chanpe Dat�".
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<br /> �i'�:vt.,.�'.:r .. • .S.t �g� �1O �IId�X
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<br /> �'"�-� "����; ' � ' � Bpinniny wNh the tkit Chanqe Da��,my kttwect rate wW be baaed on an index. The'Indax'ic tha monthly av�raqe ylald on Unit�d --
<br /> �'i�;.�`;. .� . �a::"
<br /> ��.+f�•.•.�5�:�r-�;�a' � �alra Trwsury tecuddes adJuated to �consU�nt malurity of one(t)yeu: is made avWabie by the Fed�ni He:srve Boud. Th�most n�
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<br /> . .— . - - � c�nt Indnc tfpure avaY�blt as ot th�dab iatyNv�(45)dayr bafd�e�ch c%itanye 04to is caliwi th�'Cw�rnt indaa'.
<br /> � �' � If the Ind�x Is no Ionger availabie,the Note Hold�r wUl chooa�a �ew ind�x which is based upon companbb infomwUon. Tht Not�
<br /> �..,�' . .
<br /> :��;,.�. Holdx wW qive ma noUc�of ihla cholce.
<br /> �; (C) C�icutation of Chanpos �`�
<br /> Betore�ach Chanye Date,the Note Hoider will calculate my new Uteroat rate by addinq �490 --
<br /> �e
<br /> percontnye po(nts to the Curtent IndQx. The resutta ot this eddition will be my nwv Interest rate unW the �
<br /> - n�ct chanye datQ. Subject to lhe Umits atatad in Section 4(Q)below, thls new amount wlll be my new k►te►eat ratQ unW the next
<br /> �� Ch�nye Dat�, "-"`
<br /> � ' The Not� Holder will then determine the amount of the monthly payment that would be aumcient to�epay the unpald p�incip�i that�am
<br /> R sxpoct�d to owe at the Cht�nqe Date i�lull on the mAtuMry date�t my new Intereat rate In substantially equal paymente. The result ot thfa
<br /> c�Icul�Uon wAI ba th�naw amount ot my monthly p�yment
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<br /> � (D) Umits on Intoraat Rato Chan�as �;';
<br /> F � Tha�ntxest Rate 1 am requlred to pay ot the Ilrst Change Date wiu not be greater than 6•280 'X. -•:,-
<br /> . .. Therealtr, my interest rate wiU never b�Increased or decreased on any single Change Date by more ihan 1.990 �'�=
<br /> percentaye po(nta fran the ►ats af Interest I have been paying tor the preeediny lweive(12)months. My interest —
<br /> nt�wUl never ba greater than 9.990 �. ---�
<br /> - (E} Effocttva Dito of Changos �',�
<br /> . �•,�•'�`': My now InterQSt nte wUl becam�ettactiva on each Change Date. I wUl pay Ihe amount ot my new monthly payment beginniny on ihe �'1:�
<br /> ��X' tirot monthy payrt►ent dat��ftar tha Chanqe Date until the omount of my monthy payment chanqes aqeln.
<br /> ' �• (� Notice of Chanpes �
<br /> �' The Note Hoider wlll deiiver or mafl to me a notice of any changes In my interest rate and the emount of my monthiy payment befae j- •
<br /> . � � the eHactiv�date.of any chenge. The�otice will inciude Intormation required by law to be given me and aiso the titie and teiephona i •
<br /> numbK of�perion who wiU answa any questlon 1 may have reyardiny the notice. �
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<br /> � MULTISTAIE ADJU9TA8LE RATE RIDER•ARM 5•2 •s��o��F�����r •Fonn�e Mae/Freddie Mae Unifortn inshument �FFrtLnM��3/85 .
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