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<br /> ADJUfiTABLE RATE RIDEIt g��' ����L�r�r2
<br /> ' c1 Y«r 11�pwry t�duc•�w O�pr) "
<br /> TNIf ADIUSTADLB RAT6 RtDBR M��� 9TH e„,o� FEBRUARY 1994 -���4► �
<br /> �Y Moorpor�ad Mwo�1�Mp b�dMe�d w a�wd ad wppM�wt e�t 1MansM�DMd W ttnt�a►3�e�rkr DMd(tYe"�+rkr lrtniwMt'7 ot
<br /> • tM��au tlwn b��wd(����«roaw•�)a Ma�t�o�row�P�AdjwtabN w•Na�(tM,�NM�•�)a , oiWl
<br /> I��MQ ttM.��ta.e.'7 of tM u..aw Ma oovNly w v►awtr M�a+ea M ui.s.arar irtna�t ae boM.a�t:
<br /> !—� ._.-- -�,--- � 10?RR lil_ I+MTTF 1 11lII'1 l711� ('AIRO 111f RA9?4
<br /> � l�Y A��)
<br /> 11U Nlt RMWn Mh'MM�N�w'M�tK eM�MI �qr MMn1l nIN M/ ��MiW
<br /> �.Mw.'1'ti MM�.wd1�ue r..M�f bwrw nb w eY����q�11�r aM
<br /> Y�tMt��Mi tM�eMl�wl�.
<br /> ADDIriONAL COVPNANfS.In�ddition to the aown�nts and�nemwus m�ds tu the SrcuritY tn�uu�nt�Horrower a�d i.endr
<br /> turtlMr cova�ot wd yree at fdlo�w:
<br /> A, INT�REST lAlE M1D MONTHLY rA�?�NANGES
<br /> 71K Note proWda tor an inittd intaat pte of • �I►.Seaion 4 0[the ATote provMla for cha�in the tannK nk wd�he
<br /> .^"'
<br /> ao11tF11Y P�yma►u.aa f011ows:
<br /> 4, INTBJPEST RATE AND AlONTXLY PAYM�NT CNANOBS
<br /> (A) L1�e Dd�s
<br /> TAe intaat rate 1 wilt psy may chan�e on the flnt day ot f�ARCH .19 9�L.and oa th�t day evay
<br /> •".'� ' �2 monihs thenaftet.F.�ch date on which my interat nte could clw►�e b calied a"Ch�n�e D�te."
<br /> • (q '['Me 1Mnc
<br /> - = ,i= Befina[n�wtth the£►rst Chanye Date,my intaat nte wW be based on an Index.The"Index"is the wakly avuase yield on United Stata
<br /> � .�-'.r .. ...
<br /> Trptsury securitia sdjusted to a consant mstut(ty of 1 yeu,as made av�ilabk by the Fadeal Raerve Houd.The mat recsat Inde�c tisure
<br /> availabk a of the d�te 4S dayn before each Chan�e Date is alled the•'Curnnt Index:'
<br /> ;"" '�' " It the Index i�no longer available,the Note Holder wfll choose a new index whkh U ba�ed upon canpar�bk taforma�ion.The Nate
<br /> � •-* �,.'{,'�',.:
<br /> - . ,��,�'.;r�":%'.ti,,,.. Holder wUl dve me natfas of thi�choia.
<br /> K;.,.�.:�F"<'�...;�,;'r
<br /> ;. . � a:.'._'�;.: .. (C� Cde�M�tlo�otC6��s
<br /> -__ , . ., &iwe e�eh L�wr+Qz�te,tt+e fiote itofdcr sviB cslculate my ar.:•lntrnst n:e b;addla; � AND ONE-HALF �.,.scenem
<br /> � . , poina! 2-5 �)to the Currrnt Index and roundin�to tho neuat I/8th of IN�i,subject to the limiu uated in Section 4(D)bdow.
<br /> ' . Thi�raunded amount wtll be my new interat race until the next ClunQe D�ce.
<br /> � ' The Note Holder will then determine the amount of the monthly payment that would be iufCicient to rcpay in fWl the prindpal I am
<br /> �' ` ' � apeetat to owe on tlu�t ChanQe Date In:ubsuntially equd paymeMt by the m�tuHty date at my new interat rau.The rauit of thls plculafloa
<br /> ., wiU be the new amount of my monihly payment.
<br /> � . (D) GW4oNlateastR�leCM�a�a 6.?5
<br /> � j� , � ' 'fhe interat rate 1 am required to pay at the first Change Date wttl not be grexter tiutn � °�TWO ��
<br /> �� qi.Thereatter,my Interest rate will never be incresued or decreased on any sin�ic ChAn�e Date by morc than
<br /> .. �•� from the rate of interest 1 heve been t+nying f�r�he precedina twelve montlu.The minimum inurat cate on th4loan wilt never be _
<br /> •��: ' las th�n Z•?5 qi�nd the maxlmum interat rate will never be�rater than 9•?5 �y.
<br /> Y (Eti Etlative D�te ot CA���a
<br /> , My new interat rate wiU become effcetivt on each ChanQe Date.I wlll p�y the amount of my new monthly payment beQinnin�on the f7nt
<br /> ' moothly payment date after the ChanQe Date untfl the amount of my monthiy payment chnnaes aQain.
<br /> • � (� NodcsotCA���a
<br /> The Note Holder will mail or detiver to me a notice before esch Chan�e Date.The notice wi►t adviu me of:
<br /> �` (i) the new Interest rate on my loan as of the ChonYe Date;
<br /> (ii) the�mount of my monthly payment following the Chonae Date;
<br /> � (iii) any additional matters which the Note Holder is required to dfsclose;and
<br /> • (iv) the addras ot the usociation you could contact reQardinQ any quations nbout the adjustment notice.
<br /> .,,
<br /> . Y. CHARGF3;LIENS
<br /> s" Unlform Covenant 4 of thc Securicy Instrumcnt is unended to read as fottows:
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<br /> '� �. CA�r�a;Ueiu.Borrower shall pay all t�xes,assessments,and other char�a,fines,and im}+osittons attributable to the Ptoperty which may
<br /> � � � , �ttain a prlority over this Security Instrument,and leasehold payments of ground rents,if any,in the manner provided under paraaraph 2 hereof
<br /> � � or.if not ptid in such mamur,by Borrower making payment,when due,directly to the payec thereof.Bor�ower shall promptly furnish Lender _
<br /> JFj� all notitts of amounts due under this paragraph,and in the event Borrower shall mnke payment d(rectly,Borrower shall promptly turnish to
<br /> ; � Lender receipts evidencina such payments. Sorrower shall promptly discharge any Ilen which has priority over thfs Security Instrument;
<br /> , ; , however, Borrower shail not be rcquired to dischargc any such lien so lonQ�s Borrower:(a) shall agree in writinQ to the payment of the
<br /> . obligatlon secured by such lien In the manner acceptable to Lender:(b)shall in good faith contat such Uen by,or defend agalnst enforcement of
<br /> , � such lien in,leyal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br /> part thereof;or(c)sh�ll secure from the holder of such lien an agreement In a fotm satisfactory to Lender subordinatin�such lien to this
<br /> ' � Secucity Instrument.
<br /> � If Lender determines that all or a�y part of the Property is subject to a lien which may�ttafn a priority over this Security Instrument,
<br /> �`_. �— . t...A...6.1i elo.R.u.nu,wr•nnrio�Id..mifvino a�rh�i�n pnrrnw�r cha��caNcfv curh{i�n nr ta{cr nne nr mnre of thr acdons+cet fn�[h abo4e
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<br /> ----..._� . __..__._..�...•'--••-�-• -----•"--'--...,...,,---"-� - -- .. . .. . � .. .
<br /> ' ' � wlthin ten dnys of the YivinQ of the noHce.
<br /> � � C. NOTICB
<br /> �� Uniform Covenant 14 of the Security Instrumcnt is amer.ded in read as Foilows:
<br /> � j 11. NoNce.Except tor any noticc required under applicabie law to bc given in aoothcr manncr,(a)any notice to Borrowcr provided tor in this
<br /> � • Security Instrument shall be Qiven by delivering it or by mailing it by first class mail to Borrower at the Property Address or at such other addres,
<br /> , , u Borrower may dafgnate by notice to Lender as providr.d herein,and(b)any notice to Lender sha�l be�ivea by f�rst clasc mail to t.ender'.
<br /> �ddress stated herein or to such other address as Lender may desfgnate by nutict to Borrower ac providcd herein.Any notice provided for in thi�
<br /> , Security Instrument shall be damed to ha�•e been yiven to Botrower or Lender when�iven i�the manner desienated herein.
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