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<br /> __ - - - AIDJ�J3TABLE RATE RYDER�� ���Q
<br /> ���-�� ��.�� �. .� (1 Ywr Treaaury Irtdcx•Ratr Cap�) �
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<br /> � �' '� THIS AD)USTABLB RATB R1DBR 1�mtdethis�B.Lday ot �IARCH ,�9 9� ,
<br /> ' �nd 1�Incorpor�tcd into�nd shall be dcemed to amrnd and mpplemant the MortW�e.Deed of Tru�b or Sesudty Recd(tha"Secudty lnstrument")ot
<br /> the umo date{iven by the undenip�ed(�he"Borrower")to secuta Bonowe�'�Adju�ta6le Rtte Note(the"Note")to i10Me F6 11AL[�iRAFIQ
<br /> __ � (�Q(the"Lendtr")of tlu wne duo aad coverinf the Dropeny described in�he&curity Instrumrnt and IucuM wts
<br /> : �:�r.,::+y:.. ' - -
<br /> ±'� 904 WE5T 1ST STREET� GRANQ ISI.ANA NE 680Q1 �
<br /> ..i.> _;,�, _ (PropertyAddrcss)
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<br /> T6b aote coetaim prorWoat ANNowdnj tor cUanja ir n�y Utt►�,;. ..� .sd or ao�tlW = — -
<br /> '. ° ,�,:,:�;?~': psymenq.i'hIs eote atso Iimlp the amoaot n�y t�terest nt�c�a c�nje�t any o�e qM�snd _
<br /> ,j:�,y���1rF;��.�:;ts•�"y�_�•`'!y� atw tbe mtatmam taa t6e auuctmum rnte t mwt p�y. _�.
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<br /> `'�'�f�f"���'"+'�i� ADDITIQNAL CpVENANTS.In addidon to tbe covenanta and asramenta m4de in tho Security lnurummt.Borrower And l.ender
<br /> o�-�;i:kif,J.:•;'•.' ,�• —�
<br /> ,f`.#j • ''.;G<'.�:•. . further covenant and agra as foUowa: _
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<br /> �•• �� � A. IM'ERFX3T RATE AND MONTHLY PAY114ENT�HAN(iFB �°-�°
<br /> ' Tlu Nou providea tor aa initial interat rate of s•� %.Secdon 4 ot the Note providea tor chan�as in the interast rato aad the �;,::--
<br /> � � mouthtY PaY�ente,aa followa: �--
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<br /> ' ^ 4. 1MER6ST RATE AND MONTHLY PAYM�fVT CHANUbJ "" -
<br /> � � , � . (A) Claia=eD�ta �'�``.'�`_
<br /> ?he Inu�est rate I wlll pay may change on the first dey of APR IL ,�q 9'r'-� �and on that day every s ��`-�
<br /> • ' 1 Z—months thereafter.Each date on which my interest rate could change is calted a"Chtnge Data" °''�
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<br /> t8) T6e Indac ���•.`--
<br /> " Heglnnlag wlth the firat Chenge Date,my interest rate wilt be based on en Index.The"index"ia the weekly avaage yteld on Unital States -
<br /> � • Treasury aecudUea adiusted to a wnstant matudty of 1 year.aa made availabte by the Federal Reaerve 8oard,Tho most recent Indac figure r�����•?:`
<br /> � �� availsble as of the dete 63 days before each Change Date in called the"Current Iadex." °
<br /> It the Index ia no Ionger uvallable,the Note Holder wlll choou a new Index which is based ugon comparabk information.The Note ' ,y` :;� --
<br /> "' � Holder wlp glve me notice of thia choice. � �ti�
<br /> • - = tt� Cnieuiwtlas of�assgs _
<br /> ��. ,. Before each Change Dhte,the Note Holder wlll catculate my new inte�est rate by adding TMREE ANQ ONE-HALF p����g� .
<br /> �� points( 3.5 %)to the Cunent Jndex and rounding to the nearest 1/8th of t%,subject to the limlu stated!n Section 4(D)below. . ____
<br /> ' " Thlt rounded emount w111 be my new interest rate untit the nest Change Dace.
<br /> ' The Note Holder wfll then determine the amount ot the monthly payment that would be auffldent to ttpay In fult the principal I am -
<br /> expected to owe on thet Chenge Date In subatantielly equal payments by the maturity date at my new interat�ate.The result of thla calculatlon .
<br /> wi11 be the new amount of my monthty payment. �.r
<br /> � �° � ' (D) Lfm(b on Intenst Itate Chpnges --
<br /> 8.00 % TWO then ;`-
<br /> t T4 eoiOnterest rate I am required ro pay at the flrst Change Datc will not be greatet than '�.:
<br /> %.Thereafter,my Interest rate will never be increased or decreased on any single Change Dateby more than
<br /> � � 2•� from the rate of Interest I have been paytng for the preceding twetve months.7he mtntmum Interat rate on this loan will ncwer be `�'�,--
<br /> �: ���h� 4.00 %and the mexlmum Interat rete w11I never be greater than �� •� %. . ' ''�'�"-
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<br /> � ' ,. (E� Bttecttve Dnte of Changes ���t
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<br /> My new lnterest rate will become effective on each Change Date.I wlll pay the amount of my new monthly payment beginning on the First � � "'
<br /> . , � ,., monthty payment date efter the Change Datc unNl the amount of my monthly payment changes again. •
<br /> ' ' (F) Nodce ot Changes
<br /> The Note Holder wUl mail or deliver to me a notice before each Change Qate.The notice wfll advise me of: � '
<br /> (f) the new fnterest rate on my loan as of the Change Date; � '
<br /> (li) the amount of my monthly payment following the Change Date; '
<br /> ' ' (ili) any addltlonal matters which the Note Holder Is requlred to disclose;and
<br /> (iv) the addras of the assoc[atlon you could contact regarding any questfons about the udjnstment notica
<br /> � B. CHARCFS;LIENS
<br /> Unitorm Covenant 4 of the Security Instrument is artiended to read as follows: �
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<br /> . 4. Chxrgeei Ueeu.Borrower shall pay all taxes,assessments,and other charges,fines,nnd impositlons attributable to the Property whlch may !
<br /> �� atteln a pflorlty over this Security Instrument,and leasehold payments of gtound rents,lf any,in the manner prorided under patagraph 2 hercof ,
<br /> ' or.If not pald in such manner,by Horrower making payment.when due,directly to the payee thereof.Borrower shall promptty turntsh Lender
<br /> ' all notica ot amounts due under this paragraph,and in the event Borrower shall make payment dfrectly,Borrower shall promptly furnish to ;
<br /> L.ender recelpts evidencing such payments. Borrower shall promptly discharge any Iien which has priority over this Securlty Instrument; .
<br /> � however,Bonower shall not be requfred to dfscharge any such tien so Iong as Borrower:(a)shult agree In writing to the payment of the ,
<br /> obllgatlon secured by such lien in the manner acceptable to Lender:(b)shall in good faith contest such�ien by,a defend against enforcement of ,
<br /> . such lien in.legal praeedings which in the opinion of Lender operate to prevent the enforcement af the Iten or forfeiture of the Property or any
<br /> � part thereof;or(c)shall secure(rom thc holder of such lien an agrcement in a form satisfactory to Lender subordfnating such lien to this
<br /> j Securlty Instrument. '
<br /> .L___-. � �(I P�f1IP►tIPfP�tft{t1Pt flfaf AII t1T OflV flA��(l�I I1P Prnner�v ic cuhiec�co a lien which mav attain a nrioritv over this SecuritY Instrument,
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<br /> � I.ender shap give Borrower a notice identifying such lien.Borrower shalt satis(y such Iieo or take one or more of the acNons set forth above
<br /> � `. within ten days of the gfving of the notice.
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<br /> C. NOTICE
<br /> �� UnlformCovenant 14 of the Security Instrument is amended to read as follows:
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<br /> 14.Notice.Except for any notice required under applicab�e law to be given in another manner,ta)any natfce io Borrower provlded for in this
<br /> � Security lnstrummt shall be givm by delfvering it or by mafling it by first class mail to Borrower ut the Property Address or at such other addresx
<br /> as Borrower may destgnete by notice to Lender as provided herefn,and(b>any nu�ice to Lender sha11 be given by(irst class mnil to Lender'c
<br /> � nddress stated herefn or to such other address as Le�der may desfgnate by notice to Borrower ati provided herein.Any nottce provided for in this
<br /> Securlty Instrument shall be deemed to hnre bccn gfven to Borrower or Lender when given in the munner designmed herein. ,
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