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� �S 1 • - - .. ' � `�.� '�.i•��v ..:^_1�3Q. �rT ��...1_�.i...,aWYY�� - • , .' ' yi»4a-1•�s IlDJUSTABLE RATE RIDER • c, r...,r�..�,ry�- n.�.c.p., 94— 101.Si8 n��s�o�usr�a�w►�R�o�a m.d.u,a �ati+ a.y a F�b�uc�r . �� ,«,a M IncaponUd into�nd sh�M b�dMnwd to Wn�nd�nd NippMi�nt th�Matp�p�.Owd of T�ust a e�aidty DMd(tM•e�a+dly IntOun�M•) _ — d th��daU phrm by th�ut�dnslpn�d�th�'Barow�r')to t�cun 8artowr'�Ad�usLbl�R�b Not�(U►�'NoW) to — Flr�t Fsd�ral Savinar and L�n At�ocl�on of iJn�dp - (tl� 'Undr') of th�unM dd� �nd oovwinp th�prop�ty dNC�fb�d b th�8�axily Inipwn�nt and loo�pd rt: � ..�i � 2630 Laniar Av�nu� �- — ---=c-� Orand Idand.(��braslu 68803 (Fraputy ndar�ay ---- WS.�i�l.YOy�:�:,� -- —=r...av-�-as ... �va�.� �'�'�y`'��'�`�"'"' THE NOTE COMAINS PROVISIONS ALLOWIND FOR CHANOE& IN THE INTEREST RATE _�'°`-''""`'�'',�1�'� AND THE MOMHLY PAYMAEM'. THE NOTE UNIITS THE AMOUNT THE BORROWER'S --- �� - - � ° _� INTEREST RATE CAN CHANaE AT ANY ONE TIME AND THE MAXIMUM RATE THE �-w�� • BORROW�R IIAUST PAY. �i� . , �-"'"il�`�°W� -. =;��'�.,:t;"_� 'q, ADDITIONAI.COVENANTS. In addidon to th�cov�nants and• e�ments mide h tha Sew Inatrum�nt,Bortowr and Und�r furthr .�� _ � �Y �''-.:: . _. �`�'•'�' cov�wnt and ayrea as totlowr. -- � ; � . � ' A. IMEREST RATE AND MONTHLY PAYMENT CHANGIES '�� The Note provld�s for an inki�l intK�st rate of 4�� 'K. Th�Note provid�t ta chmqea in the int�r�st ntt and tht monthiy paym�nts,aa folbws: —' ' 4. INTEREST RA7E AND MONTHLY PAYMENT CHAN�ES • ' (A) Chanp� Dat�s The Intx�st r�t�I wAI pay may ahanpo on tha first day of Mi�Ch , 1995 ,and on th�t day Nay twN(th(12thj montb th�rwh�r. Each d�te on whlah my Intenst raU coWd chtnye 1� aNed a'Chanye D�t�'. (B) Th� Indox Bayinninq wfth the flnt Ch�npe Date,my interest ate wlll !»baeed on a� Index. The'Indwc'Is the monlhly�ver�pe yi�ici on Ur�(t�d • _ — - - Slatea Tr�aury sscurttloa atlJuttetl to a consUnt matunry ot ono(1)ywv,as trWUe avaiable by th�tWsrat Hesenr� �oard. ih�moa r♦ � cmt Indwt Aqure wall�bie ya ot the date toAyfive(4S)days before each Chanqe Oote is catled the"Curront Indax'. — If the Index is no Ionper availabie, the Nota Hoider wIA choose a new index which is basM upon compa�ble Inform�Uon. Tha Not� — Holder wiq qNe m�notice of ihla choice. �_ (C) C�Iculation of Chanpea Before each Chanqe Date,the Note Holder will calcuiate my new Interest rate by addinp 2.490 �, percenWpe points to the Curtent Index. The results of th(s oddiUon wlli be my new interest rate unGl th� t, mxt chanqe data. SubJect to tha Iknits atated in Sactlon 4(D)below,this new amount wW b�my new interest rat�unUl tha mxt RT "'� Chanye Data. – -. l• F i� The Note Holder wlll then determine the amount of the monthly payment that wouid be su(�elent to repay the unpefd p�incipal that 1�m f �-': expected to owe at the Chanpe D�to in full on the maturity date at my new Interest rate In subsUntialiy equal pnymenta. The resuR of thla �. F�,".�. , aicul�tlon wAI be the new amount of my monthty ptyment. �Y:. � (D) Umits on Intarast Rate Chanpes ` The Interest Rnte I am requirErd to pay at the iirst Change Date will not be preater than 6.280 96, �"' Thereatter, my Interest rate wiA never be Increased or decreased on eny sinpie Chenye Dete by more than 1.990 �' pucentage pofnts irom the rate o1 Interest� have been paying fw the precediny tweMe (12) months. My hterest , nte wW never be yre�ter than 9.990 �,. (E) EffoativQ Dato of Chanpo� � My new interest rate wlil hecome eftective on each Change Date. I will pay the amount o(my new monthiy paymmt bepinniny on the flrat monthly payment date after the Chanqe Dnte untll the amount ot my monthly pnymenl changes aqain. (F) NoticQ of Chanyas , '., The Note Holder wfll del(vx or mail to me a notice of any changes In my interesl rate end the amount of my monthly payment before • the eHective date of any change. The notice will Include fn(ormetion required by law to be given me and atso the titie and teiephone � number of a person who will onswer an y question I mey have regardfng the notice. wr� , F . t • MULTISTATE ADJUSTABLE RATE RIDER-ARM 5•2•s,�q�.•F.,�„�r-Fannle Mae/Freddie Mec Unliorm Inslrument Form 31t1 3/85 (FFL Mod) � .. _ k. . , � � << i . ! � 3111.trm(7/93) Ii• - ------- —— -- _ - -— - --- - _°�- — --