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. •1� . /, ��4.1 .�T_ - _T _-_ .' .. - - "__•.�..-_ .___ .�., i ti�i�`� ^- ..__._- fY�� . . . �.-1��t.. �-.- -_ � _ ._. ..----� r� � l�iD�!!!��'A�� Re?'� P!�El� »ra�7ar-�• � _ � �, Y..�T�.,,�- �.�.c.p.� :�4_ it�1,.�38► Twe,�o.weT�et�nr►�n��m.d.tni. ��++ dn►a F�� ,_i4�..._....nd is r�oo�porNw imo ana an.l w d..nMa eo arw�d .nd wopin»nt sn.iMorsqq.�o«d a Tn�st a e.aurMy o«d(�n.��.ourUy NMtn�w•) a th.wm.dn.qw.n by uu undrsqn.d(th.•eonowr)to..ar.earow.r.Ad�ua.a.H.0 Wa�hM'trot.•)a Rlnt Frd�ra! Rarina��nd l.�n Aroolrtion of nedn �`"--__—_—� (u,.•L«�d.r�)a ui..rn.dN..ea oa.�inp ui.propwiy d..oiw.a In ui.9.oWity In.Yurrw�t.ea Io�Md.t �tZO� N�w Ycric Awnu� �rand Isl�nd,N�6r�� 8803 �. .� taoany�da..•� - - — THE NOTE CONTAINS PROVI810N8 ALLOWINO FOR CHANOES IN THE INTERH6T RATE - AND THE MONTHLY PAYIAENL THE ld07E LlMIT6 THE AMOUNT THE BORROYYER'8 INTEREST RJ17'E CAN CHANOH AT ANY ONE TIIIAE AND THE MAXIMUM RA7'R� THE �� BORROWER MUST PAY. �-,'�.; AODRIONAI.COVENANTS. In addflion W th�cov�rds and aprNm�nts rtMd�!n 1M 9rcurily Inttn�n�nt, Bortow�r md L�ndr iwthw n . COYlfIQd Nd RQf�G t0 IDMOWl: A. IM'EREST RA1E ANO MONTHLY PAYMENT CHANQES -.•�: Th�Not�provid�s fw�n bitW intr�st r�t�ot �•�� %. Th�Not�provldes ta ctunyta h th�int�t nt�and th� ti -...:_ :,�'�;```1"" monthN wym�nb,as lorow•: .��: ,. �� ;_, ~ 4. INTEREST RATE AND�AONTHLY PAY�ILNT CHANOES i.'.:.,:�i � '��r'�• (A) Chan� Dd�s Y��.P �'•'ct'�c<::..`..�tis•::••..�• Th�InUrnt ate 1 wW p�y may ch�np�on lh�flnt day of Much , 1995 .and on it1�t d�y �'�'�� awy twN(th (12th)month th�rwft�r. Eaiah d�t�on whloh my Interett nt�eouid chanqe is ctNed a'Chu�q�Dat�'. . . � . , ;� - � (B) Th� Ind�x � � ��• B�pinninq wah th�tkst Chanp�Dat�,my k�ta�st nte will b�bated on an Ind�x. The 'Ind�x'is th�monthiy avKayt yi�d on Unibd .� : . • � S�t�s Tn�sury acuAtl�s adpst�d to�constant maturtty ot on�(t)ywr,as maW avWaWe by th�F�d�rai R�sovt bovd. th�most n� ` wnt Ind�x ftqure avaflaWs u of th�d�tQ faty-fhre(45)days before Mch Chanpe O�te la caMed the'Curtent Ind�c'. . If th�Induc Is no lonper avallaWe,th�Note Holder wW chaos�a n�w ind�x which ia ba�d upon compvabl�inlomytbn. Th�Not� •�• . ' Hdder wNl yiv�m�notk.�ot thts chokt. (C) Cdcutstion of Ch�np�s •� Be(or�wch Chanqe Date,ths NoU Holdsr wW cycul�iQ my now Interwt nte by addlnp 2.490 - p�rcentaq�polnts to the Curtent Index. Tha reaults ot this addition wW be my new Inhnst rat�un1W th� �_ .. n�xt ctw�ye d�te. SubJ�ct to th�Iknitt stat�d In Sectlon 4(0)bNow,this new amount wW ba my new inbntt titt unUl th�nat —" •�c. . Ci�fl9Q�atf. '�j, � The Note Holdet wfll then dnermine the amount of the monthly payment that wou�d be eutflctent to repay the unpaW prindpal that I�m _ �xp�c�ted to owe�t the Ch�nps Date In tull on the mtlu►Ity dat�nt my new interest►ate(n aubstanUaliy equa paymente. Tht nsuft ot 1M� ' , cak;ulation wAI bQ thQ new amount of my monthly paymont. � ' . ' (D) Umits on lntorast Rat� Chanpos - � I The Interast R�te 1 am nquked to pay at the 11rat Chmpe Date will not be yreater th�n 6.280 !6, _ r • Thereafter,my intertst nte will never be Increased or docreased on any sinyie Chanye Oate by more than 1.890 pxcenUye points from lhe rate of Interest I have beon paylny for the precedinq twelve(12) montha. My Interest — nt�wG1 never be yreatK than 9.990 y�, -- � • (Ej Effoctivo Dato of Chanpos �` My new inlerest ratt will become eBQCtive on each Clunge Oate. I wiq pay the amount ot my new monthy p�ym�nt b�ykminy on the E ' � ; � � firat monthiy payment d�te after tha Chanye Oate untn thQ amount of my monthly payment chanyes ayaln. � (Fy Notic�of Chr�ngos ��_� The Note Holder wil deliver or maW to me a notice of any chenges in my interest rate and the amowt of my monthly paymant baton ,�r � the etfective date ot eny ch�nye. The notice wul Include infomution required by law to be given me and siso the title and teiephone � . • number ot a poraon who wUl answer any questbn t may h�ve repardin9 the notice. � .. , t - � MULTISTATE ADJUSTABLE RATE RIDER•ARM 5•2- s��oic F,m��y•Fannie Mae/Freddle Mac Uniform instrument Fortn 3111 3I85 , , (FFL Mod) .- '�--- --- ..__ _._ ' �—'.— ' _..—_•- � � - 1 ' � � �• ` . f. 1. - � . J111.kT(7/9I) +