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<br /> ='=:���-��`��"' 70tt8 RWUBTABLE FIATE RIOER 1�m�sda tTdo 24�t� a.y of�h ,..-��--w-..�►�� —
<br /> ,`:•��',r����:: - (a(aaorpo��l into�nd ahell ba deamad to a�sar.d end supp!!ment the Mort�Qe,OeBii Q1 Ih15t ot�acun"�y i�aed�i+`aa�"""u�yi f«a'utt�iinin j -`:. - -
<br /> ot the eame date pNen by ihe underatpned(tlta'6orrowcr')to eea�ro 6amewe�'e A��4taGie Rnte Noie(the`FVoto°)ta
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<br /> ,�,�,�,_„�,.,.,� . rint F�dar�el Savina �
<br /> -...,�. �;•_ v. ��r (iho•I.�nde�')of tha same dato and coverinp the propmriy dau�fDosl tn tha 8scurlty Instrurrtont nnd looetzd er_
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<br /> ' ' (ProAerty Addreae)
<br /> �k'J� P�OT� CO1bTAINS PROl/1�lONS�!t�WiNQ FAR ClUWGiES IM TW� IMfEREBT RATE �
<br /> �' Go,t1�ID1'3'�g� B��IY��Y QAYM�M: T'HE NOTE LIMRS TW�AMOUNT TH�BORROWER'S
<br /> �C����i4�,��06 I�HAN�E AT ANY ONE TIME AND YH8 IIIIAXIMUM RP1'�'1P�� _
<br /> . -. BORROWER R9UST PAY. ��
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<br /> ;��: ' 6a�Rr1tQ1�1 CO►IEN/dL�b7'S. N addttaan So!he covc�ants and agreements made fn tha Sec�uty tastrumcmt, Barm�rccr artd I.crndxr fu�thor
<br /> � coves�ant tarr!agrea as tn'�Qx+s:
<br /> '- ', � ' A OE�E�t��T flATE AND MON'1'6�i�.1' PAYM�P7T CHAN�E$ -
<br /> ' T1eo NB:�@�vtdea for an tnidat Interest rato of 4.490 %. The(Voto�trortdcs tba�''�r.�eles tn the intereat rate and the _
<br /> � � • monthy paymento,as totlows: �
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<br /> 4. IMrEqE8T I�ATE�i4�1�MOI�17'HLY PAYM�M'CHIWGES -�
<br /> (A) Chenge O848s Aoril , 199b ,and on that day
<br /> The Interest rate 1 wUl pay may chenge on the flrst day of �;':-
<br /> every twelRh(12th)meath thvrea9tar. Each date on whlch my Interest rate could chenge is called a'Change Oate'. ��_
<br /> � � (B) The Index °�
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<br /> . . � Begtnning wkh the�rat Change Date,my interest rate wlll be bacad on en Index. The'Index'ts tho motrthy averaBe yteld on Unfted �.
<br /> � = States Treabury securtUes.ad�usted to a constant maturlty ot one(t)year,as made avaUnbte by the Federat Rese�ve 8oard. The most re� �,4
<br /> .,�; cent Index P.gure avallable as ot the date forry-flve(45)days before eaah Change Oate le called the'Current Indmc'. _
<br /> :� H the Index i��o�onger ava9abte,the Note Holder wlll choose a new tndex whloh is based upon aomparabte iMortnaUon. The Note __
<br /> .; �, Holder wIII glve me noUce of tMs cholr.e. ���.
<br /> (C) CatculaUon mff�hanges �`
<br /> Before each Change Date,the Note Holder wlll celculate my new lnterest rate by adding 2 49Q �``�:
<br /> `� percentage polnta to the Current Index. The resutts ot thfs addltlon wDl be rtry new tr�terest rata unUl tho f��r;'_
<br /> next change date. 3uDJect to!he Iimlts stated In 3ectlon 4(0)below,thls naw amount wN be my new Interest rflte urrtlt the na�Q ��-`
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<br /> •• • Change�ate.
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<br /> '. � The Note Hotder wiB then detertnlne the amount of the monthy paym�!!that would be sulfldent to reptty the unpald ptftldpal that t em . ��t'
<br /> expeeted to owo at the Changa Date fn futl on the maturlly date at my new Interest rate In substat►t{aly equal payments. The oesutt ot thts
<br /> ,3.. . • cNcutaUon wlll be the new amount ot my monthy payment.
<br /> , (D) Umit� cn Itderest Rate Changns
<br /> �; ����: -� � , : The Interest Rato I am requlred to pay et the first Change Oate w11I not be greater than 6 480 96.
<br /> � Thereafter,my tnterest rate wIU never be Inaeased or decreased on any singte Cfiange Date by more than '�.��
<br /> . petcentage polnts from the rate of Interest I have been paying for the precedtng hvelve(12) months. My tnterest
<br /> � ,. ' rate wlll never be greater than 9.990 96. —
<br /> (�) Cffective aatct of Changea L
<br /> My new lnterest rate wlll become effecdve on each Change Oate. 1 will pay the amount of my new monthty paym�t begfnning on the Y
<br /> � � frst manthly payment date efter the Change Date untlt the amount of my monthty payment ehanges agaln. _
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<br /> �:'` ;°� (F) Notice of Changes �:=:
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<br /> • � The Note Holder wlll delNer or mall to me a noUce of any changes fn my Interest rate and the amount oi my monthty pnyment betore 1�_-_
<br /> �__
<br /> the efleethie date ot amr change. The notice wlll Include Infortnatlon requlred by lew to he ghren me and also the title and tetephone .
<br /> �•�,� number ot a person wha will a�swer any questlon I may heve regarding the notice. �
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