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94101205
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Last modified
3/9/2012 1:12:42 PM
Creation date
10/21/2005 2:29:56 AM
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DEEDS
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94101205
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ry� . i ��',� '.i.`. _.,.___ --... <br /> ,�� -_ <br /> �.:fj� -` - . .___..— _ _ <br /> ��..�� �_. �_ .._� iM�1 �� �ii7�ii .. <br /> � ADJUSTA�L� RATE RIDER � <br /> . . <br /> (f�MeM�T-11qr W�cq�ArallN Avw�(i�wMwM?r-Wle C�) �4�1,�5 <br /> '1HLS ADNSTABLE RA78 iWBR 4 mada t6ls � d�y ot ��ILA1iY. 19� .�od ir incatponted to�o�ed�11 <br /> 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 <br /> 1�161tO�Eli�jllEd(tb0~BOIfOWNt"�b�OC1�0 BOf[O�WO[�f/�jOitt�O�ttE NOtO(1�1E"NOfE�)t0 <br /> �r �L � ��7Y� <br /> _. ��__ (the"t�etidct")of thc�me dau aad cove�the property deuribed in the Seaurity Insteumeat and Incated u: _ <br /> 307 M LO'1�I. (�ti11D I�i11D� �6il01 <br /> — (h�q AM�wI <br /> — THE NOTE CONTAINS PROVISIONS ALLOWINO FOR CFOANOES IN THE INTE.RFST RA'T@ AND THE <br /> - MONTWLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWEA'S INTEREST RATE CAN <br /> — CHAN�E AT ANY ONE TIME AND THE MIUCIMUAN RATE THE BORROWER MUST PAY. <br /> --- --- — ADDTfIONAL COVFNANTS.Ia addidan to thc covenwts wd a�reetnents made in tbc Secarity luutument,Bort+owet uid I.eadet <br />— - — fwilietcovenaat aud a�ee aa foUowa: <br /> - ° -°-_-- A. WTFREST RA7E AND MONTEII.Y PAYIv�NT CHANOES <br /> �- _-��°:��'�`�'� 'Ihe notc provldes fot an initial Wterest tate of 5.800 97r.Thc Note ptovides foc ciw��a itt tbe interest <br /> • .., . ' _ nte u�d the tnonthlY PiYmenta,aa follows: __ <br /> �'�'':.'::.:.;.;-';":�' 4. INTFREST RATEAND MON'IHI.Y PAXMFNT CHANOES <br /> '`''::� - . � � (A) Change Dates <br /> � " 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 <br /> . •.:�::, thereafter.F�ch date on which my Intetrst nte could chan�c 1s c�lled a"Chaaye Date." <br /> r• . , . (B) The Index <br /> � � ". y Beginaing with the tirst change Date.my inutest tate wlll be bssed on an lndex.T6e"Iodex"is the weekly auction avenge --- <br /> . (lnvcstmeut)at 6-month ttetsuty bills.as made available by the Fedcral Reserve Board.'Ibe most recent lndex fi�ute avdlable as of thc <br /> ' � � due 45 dsys before eaeh Chaage Datc is called the"Curnnt inde�c." <br />. If the indcx is no longer svailable,the Note Holder w1U choase a new index w6ich is bts�ed upoa comparsble Wonuation.The Note <br /> ' " Holder will give me notice of this ahoice. <br />. _, .. .. --- - -- (C) Glculation of Chs�ngcs � � � �Q�=g <br /> � Befon each Change Date.the Note Holder will cxlculatemy dew inurest tate by addiag percedtage poiats( 4.375 7i) <br /> 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 <br /> (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. ""�� <br /> . � � �,�, 'llie Note Holdcr will thea dctemilne the amount of the rnonthly payment tf►at would be sufficieat to repay thc unpaid prUtcipal Wat I �`• <br /> 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 =- <br /> this calculatiod wlll be thc ncw amount of my montt�ly paymea� —` <br /> - (D} Umits on Wterest Rate Changes <br /> �: '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- � <br /> �'' 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) �_ <br /> �`` 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!� <br /> , (E) FJ'fectivc Date of Cbanges � <br /> My new intcrost ratc will become cffective on cach Chnnge Date.I wllt pay the amount of my new monthly payment bcginning on the <br /> , . Rratit monthly paymcnt date after the Change Date undl the nrnount of my monthly paymentchangcs again. <br /> � • (F)Noticc of Changcs <br /> 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 <br /> 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 � <br /> . number of u person who will answcr any question I may have regurding the notice. � <br /> B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER � <br /> Unifortn Covenat�t 1'7 of the Seeurlry Instrument is ametxled to rcad as follows: <br /> 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 • <br /> : (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. <br /> 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 <br /> ,} 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 <br /> - � � • 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 <br /> � assumption and that thc risk of a brcach of any covenant or sgrecment in thi�Security In�wrnent is acceptablc to Lendcr. <br /> . 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 <br /> � . � assumption.Lender may also rcquirc thc transfcrcc to sign an as�sumption agreement that is accepwble to I.endcr vnd that obligutcs thc <br /> � • transfcncc to kccp all thc pmmises and agrcements mndc in the Note and in this Sccurity Inctrument.Botrower will continuc to bc <br /> ' obligated under the Ncxe and thts Securtty Itutcument unless Lender rclrases Borrower in writing. <br /> ' ' If Lender exeteises the option to require immediate paymcnt in full,L.endet shall give Borrower noticc of acceleration.'Ihe noticc <br /> �� � 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 <br /> �_.__._. _ , sccurcd by this Sccuriry Guwment.If Borrower fails to pay thrsc sums prior to thc cxpiraQon of this pedod,Lendcr muy invnke any <br /> ,+ <br /> g 1 rcmedics permitted by this Sccurity Instrument without funhcr notice or dcmand on Barrow�r. <br /> IBY 51 NINO BEIA�orrower acccpts und usrec�tu thc terms and covenan�},,contained in this Adjit,tnblc Ratc Rider. <br /> . �, � � : ,,� J � <br /> (Sosl} /llLC 32 r YL.� �•�f.c�,,��:e-��"i��(Soal) <br /> , i� I •earaw.. �� -wnew., <br /> r <br /> t �, (S�al) (Seat) <br /> ' � �M /Srgn Ong�nat O�ily J� <br /> � � <br /> ` MULTISTATE ADJUSTABLE RATE RIDER--ARM 5•2-Singlo Femily- <br /> ' F�nni�Ma�/Fnddi�M�o UnHorm Inst►um�nt Form 31 11/3/86 EC-3033(REV 03/93) <br /> � - -- , <br />
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