94101205 - Laserfiche WebLink

Browse

ry� . i ��',� '.i.`. _.,.___ --... ,�� -_ �.:fj� -` - . .___..— _ _ ��..�� _. �_ .._� iM�1 �� ii7�ii .. � ADJUSTA�L� RATE RIDER � . . (f�MeM�T-11qr W�cq�ArallN Avw�(i�wMwM?r-Wle C�) �4�1,�5 '1HLS ADNSTABLE RA78 iWBR 4 mada t6ls � d�y ot ��ILA1iY. 19� .�od ir incatponted to�o�ed�11 bE dOdbOd W�tt��w1(f�EfmOOL f�1C MllfYit j0�DEOd O��I�Wt 0!SOC1r'Ity DEOd(1b0~�ECf/II�IOM�11m00L"�O�{h0 wmC�{6 jIYOa I1y 1�161tO�Eli�jllEd(tb0~BOIfOWNt"�b�OC1�0 BOf[O�WO[�f/�jOitt�O�ttE NOtO(1�1E"NOfE�)t0 �r �L � ��7Y� _. ��__ (the"t�etidct")of thc�me dau aad cove�the property deuribed in the Seaurity Insteumeat and Incated u: _ 307 M LO'1�I. (�ti11D I�i11D� �6il01 — (h�q AM�wI — THE NOTE CONTAINS PROVISIONS ALLOWINO FOR CFOANOES IN THE INTE.RFST RA'T@ AND THE - MONTWLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWEA'S INTEREST RATE CAN — CHAN�E AT ANY ONE TIME AND THE MIUCIMUAN RATE THE BORROWER MUST PAY. --- --- — ADDTfIONAL COVFNANTS.Ia addidan to thc covenwts wd a�reetnents made in tbc Secarity luutument,Bort+owet uid I.eadet — - — fwilietcovenaat aud a�ee aa foUowa: - ° -°-_-- A. WTFREST RA7E AND MONTEII.Y PAYIv�NT CHANOES �- _-��°:��'�`�'� 'Ihe notc provldes fot an initial Wterest tate of 5.800 97r.Thc Note ptovides foc ciw��a itt tbe interest • .., . ' _ nte u�d the tnonthlY PiYmenta,aa follows: __ �'�'':.'::.:.;.;-';":�' 4. INTFREST RATEAND MON'IHI.Y PAXMFNT CHANOES '`''::� - . � � (A) Change Dates � " 71�e intereat nte I wlll piy may change oa the fust day of 71�'P ,19 9L ,aad ou that day every 6th mouth . •.:�::, thereafter.F�ch date on which my Intetrst nte could chan�c 1s c�lled a"Chaaye Date." r• . , . (B) The Index � � ". y Beginaing with the tirst change Date.my inutest tate wlll be bssed on an lndex.T6e"Iodex"is the weekly auction avenge --- . (lnvcstmeut)at 6-month ttetsuty bills.as made available by the Fedcral Reserve Board.'Ibe most recent lndex fi�ute avdlable as of thc ' � � due 45 dsys before eaeh Chaage Datc is called the"Curnnt inde�c." . If the indcx is no longer svailable,the Note Holder w1U choase a new index w6ich is bts�ed upoa comparsble Wonuation.The Note ' " Holder will give me notice of this ahoice. . _, .. .. --- - -- (C) Glculation of Chs�ngcs � � � �Q�=g � Befon each Change Date.the Note Holder will cxlculatemy dew inurest tate by addiag percedtage poiats( 4.375 7i) w the Current Index.71�e Note Holder wlll thcn round the result of this addition to We nearest aae-cIghth of one perccatage poiat (0.123%).Subject to ttie limits staced in Section 4(D)below,this rounded amaunt w1116e my new intere.st ratc undl the acxt Chauge Date. ""�� . � � �,�, 'llie Note Holdcr will thea dctemilne the amount of the rnonthly payment tf►at would be sufficieat to repay thc unpaid prUtcipal Wat I �`• am expected to owe at t6e Cl�nge Datc in full on thc maturlry date at my ncw intcrest rntc 1n substandally equal payments.l]�e result of =- this calculatiod wlll be thc ncw amount of my montt�ly paymea� —` - (D} Umits on Wterest Rate Changes �: 'Ihe interest nte I un required to pay at the tirst Change Datc will not be gmatcr ihan 6.550 9b or loss than 5.050 qb.There- � �'' aftcr,my intcrest nte will nevcr be incrcascd or dccreascd o�any single Chauge Datc by morc than 3/4 perccntage poinis(0.750,°b) �_ �`` from the ratc of iatcrest I havc bccn paying for the preceding six months.My interest rate w1U ncver be�rcatcr than 10.800b. F!� , (E) FJ'fectivc Date of Cbanges � My new intcrost ratc will become cffective on cach Chnnge Date.I wllt pay the amount of my new monthly payment bcginning on the , . Rratit monthly paymcnt date after the Change Date undl the nrnount of my monthly paymentchangcs again. � • (F)Noticc of Changcs 71�c Notc Holdcr wlll dclivet or mail to mc a notice of any changcs in my lntcrost ratc and thc amount of my monthly payment bcforc the effecttve date of any change.'Ihc notice wiU Includc infotmation mquimd by law to be gi vcn me and also thc titic and tcicphonc � . number of u person who will answcr any question I may have regurding the notice. � B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER � Unifortn Covenat�t 1'7 of the Seeurlry Instrument is ametxled to rcad as follows: Transfcrof the property or a bcncticial intcrest in borrowcr.If all or any part of thc proprrty crr auy intcrest in it is sold or uansfcrred • : (or If u bencticial interest in Bormwcr is sold or transfcrred and Borrower is not a naturnl per5on)without I.endcr's prior written consent. u L,cndcr rnay.at iu option,requim immediate payment in full of all sums sccwcd by this Sccurity Inswmcnt.Lcndcr atso shall not exercisr ,} t . this option ifl(a)Borrowcr causes to be submittcd to Lcndcr information requircd by[.endcr to evaluatc thc intcndcd ttansfcrec as if a new - � � • laan wen being madc to thc trarufcrcc;s►nd(b)L.cndcr reasonably detennines that Lcnder's 5ccurity will not bc impairul by thc loan � assumption and that thc risk of a brcach of any covenant or sgrecment in thi�Security In�wrnent is acceptablc to Lendcr. . To the exteat permittcd by applicable luw.Lcnder may charge a rca�onablc fec as n condition tn Iw�nder's consent to thc loan � . � assumption.Lender may also rcquirc thc transfcrcc to sign an as�sumption agreement that is accepwble to I.endcr vnd that obligutcs thc � • transfcncc to kccp all thc pmmises and agrcements mndc in the Note and in this Sccurity Inctrument.Botrower will continuc to bc ' obligated under the Ncxe and thts Securtty Itutcument unless Lender rclrases Borrower in writing. ' ' If Lender exeteises the option to require immediate paymcnt in full,L.endet shall give Borrower noticc of acceleration.'Ihe noticc �� stwll providc a period of not Ics�than 30 days ftom thc datc thc noticc is dclivcrcd or mailcd within which Borrowcr mwt pay all sums �_.__._. _ , sccurcd by this Sccuriry Guwment.If Borrower fails to pay thrsc sums prior to thc cxpiraQon of this pedod,Lendcr muy invnke any ,+ g 1 rcmedics permitted by this Sccurity Instrument without funhcr notice or dcmand on Barrow�r. IBY 51 NINO BEIA�orrower acccpts und usrec�tu thc terms and covenan�},,contained in this Adjit,tnblc Ratc Rider. . �, � � : ,,� J � (Sosl} /llLC 32 r YL.� �•�f.c�,,��:e-��"i��(Soal) , i� I •earaw.. �� -wnew., r t �, (S�al) (Seat) ' � �M /Srgn Ong�nat O�ily J� � � ` MULTISTATE ADJUSTABLE RATE RIDER--ARM 5•2-Singlo Femily- ' F�nni�Ma�/Fnddi�M�o UnHorm Inst►um�nt Form 31 11/3/86 EC-3033(REV 03/93) � - -- ,