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�� ' -,� , .�., �i^„'� ,.s":- ,� ----- .,e..J � � � ADJUSTABLE HATE RIDER ��"a�•�•�• . . (1 Yw T.�„ �-�.�.p., 84- ioi�.4s ThN9 ADJl1STABlE RRTE RIOER Is m�d�thlr �!�d�U of R�6ruw , 1!!4 ,rM R Inoorpoal�d inlo�nd�h�M b�dMnNd to erw�d md��PP��►t th�Ma19p�.OMd ol Tru�t a�aullfr 0«d(th�'�ar1eY N�Mw�rK"1 d th�wn�dah pN�1 by 1M und�nipi►�d Ilh��Bortoww�)to Nau�Bonowlr's Ad�usW�M Rtl�NW�(lh�'NW�")10 � _'.._ .a___� O�.J�� d I..... �..w�I.N..w w! I_Inf�ein ^-^- (tha•Lwtid�r'1 of th�sam�dW�nd covwinp tM propwry dMab�d h th�S�awilY Insawr�nt�nd IoaUd d: —_ - _ 53s Iw Hall Court Orand Island N�� t _ — — (arap�rty Aaanny - -��" �� THE NOTE CANTAINS PROVt810NS ALLOWIN(� FOR CHANQE8 IN THE INTEREST RA�'E AND THE MONTHLY PAYAAENT. THE NOTE UMRS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANQE AT ANY ONE 7'I�E AND THE MAXI�AUM RATE THE � BORROWER MUST PAY. ADDRIONAL COYENANT3. In addltian to th�eov�nts and a�r�arnnts mrd�h th�S�curity intdument, Borrowr and Undr MWthK ••�Z, COYR1MIt alld�fN Yf IO�OWj: � ' �'��'� A. INTEREST RATE AND MOM'HLY PAYIAHNT CHAN(3ES - �a.• ,..�r�.:�;+` Th�Not�provid�s tar an InitlW int�nst nt�of 4.290 %. Th� Not�providea tor chanpss In th�Int�nst nb and th� -,��t,:�. -. � �{;. ;:a:��"�'� �•._riy` R1011th�w�llMfltf�it�ONOWS: � .�.g�r.„1.,�'v�7'.�iM; �- �7� l�� .�� 4. INTERES7 RATE AND MONTHLY PAYMENT CHAN3ES ' �,`;,:hf.s,:i:,s.�:�.� (A) Chanq� Dd�s March , 1995 ,a�d on that d�y �� '='•��.•� ^ �,,•.�� Tha inhrest rate 1 wiN paY may chanp�on the fkst day ot ,��,��'�;••' „ � owry twNlth(12th)month th�raefter. Eaah d�tt on which my Interat ratt codd ch�npe Is aA�d a 'Chanye D�N'. ' �":fi�,�;,;�':, . . :��., . . (8) Tho Ind�x - •;�.� ;- . • ' •� Bpinnlny wtth th�tkat Chanpe Oat�,my interest rat�wIU be b�sed on an Induc. The'indwt'la ths monthly averays yleld on Unk �`��''x�-'-�-'— Statns Tr�weu�y aec++rtilas sdJustcd to s conalant maturlly ot��(i�year.aa m�de�vallabi�by th�Federat Res�rv�Boud. The mo�t ra " ��' • � cent Index tipure avaAablf as of the data forty-flvo (45)daya before aach Chaiqe Date is catied the'CuRent Index'. i.: � � 1t the Index Ie no lonqer avaNabie,the Note Hoider wAI ohoota�new Inda whlch is b�sed upon comp�rabie Informapon. Th�Note ', Holder wUi qiv�ma noUc�of this choica. (G) Calcutation of Chanpos - ' Before each Chmqe Oate,the Note Ho�der wlll calcuate my new interest rete by addinp 2 490 �_ parcentage polnts to!he Current Index. The resuits of this addltian wAI be my new int�est ate untU tht • �; next chanpe date. Subject to the Iimits stated In Sectlon 4(D)below.this new amount wIN be my new interest rtrte untU the naxt - i Chanqe D�te. i� ' The Note Holdet wAI then determine the amount of the mon�hly payment ihat woutd be suHicient ta repay the unpald prinGpe�that I am F �I � expectod to owe at the Chanqe Date In full an the maturity date at my new Interest rate In subatentially equal payments. The resuit oi thlz ca�cuiatlon wUl be the naw amount oi my monthiy payment. 'V-- �'.: . (D) Umits on Intorest Rata Changes F The Interest Rate 1 am requlrod to pay at lhe first Ch�nge Date wfli not be greater than 6 280 96. �" ' � Thereafter,my Interest rate will never be Increased or decreased on any singie Change Oate by more than �•99p E percentage points 1rom the rate oi interest 1 have been paying for the precedinq twelve(12) months. My interest _ � �:�•. tata wUl never be yreater than 9 990 °�. �,�_- r. � (E) Effectivo Date of Changes My new Interest rate wlli become elfective on each Change Date. I will pay the emaunt oi my new monthiy payment beylnninq on the �._. '� ikat monthly p�yment date after 1hQ Chanye D�te until the amount of my monthly payment changes aqaln. �:'-` ' (Fl Notico of Changaa "; The Note Holder wNl deliver or mail to me a notice ot any changes In my interest rate and the amount of my monthly payment before • � the eNective date of any change. The notice will include Infortnation requred by lew to be given me and also the titie and telephone number ot a person who wfll answer any questlon I may have regarding the notice. �'; '< � . � , ' << ' t MUL715TATE ADJUSTABLE RATE RIDER•ARM 5•2 -s.�a�c F��y• Fannie MaelFreddie Mac Uniform Instrument �FFL Mod) 3185 , � -- �--- ----- - — ; - - � -- , � � . �. �• ( I � 1 #. �ii t.hm (7�93) _ � �