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<br /> - 'l�TS ADIUSTABL$RATQ ti@IIt is��is 9fi� ` �+�Y uF� � , ,�•��g� .and.i�.. .
<br /> -�'..,�,x�,.- , � �• �noorporated i�io,myd at�a�1 ts�s deemad co am�d and�anpplemffit a�Mongag�e.DeeB o�`�nut a�s Sanu�tS!Dax1(�.. ..
<br /> _- ���="''y :�. - *�Yn�n�t•�•af d�eame daRe 8iven�+Y the andc,�sig�ed(t�e��arm�r�I t°�u�e Bosmv�s Adj�Ie Rat�. �, �
<br /> �-�� ��,.�:_ �} ,Notctthe�lrtate7m. AD&ir�aT ltoR�GI�t3E. IRC.� ; ` � � . ' , 4 . ; . - ' . —_ ---
<br /> —`c't. �r�.4- i�.. ' � ' i .
<br /> ' . �- . (�e°I�er`)of d�s�.:b�se aud covtaing t�e pr�rty►descn't�t ia tue Sa�rfty�Iasn�ar�c a�� _--
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<br /> . � � - �eaei:sas �a�:c�.r,� sa�. �s 6a$as � _ � � _ _. _ _
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<br /> • '`' . I�ropertY Ad�t�ss] � - -----
<br /> C:. . F. -..e. c��� ..1'. �1��CO�1111RO si�V r•���1t�7�L�/1i.4��\T 1'VR�r74tL�lTA.G711\iii77� �+YnfL�Y'--- ___
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<br />--r .• _ :�- 'c ,-`: :. BATE A1}ND THE Rit�'qt'��LY PAYD�r TBE Nt)R'�LINII'i'8 TAE ANI�IINT Z�B __-___--- -
<br /> ' �. ,.,. .< , °: ,'; `- B088a�YIIt'S A�,1�TABI1:YPITER�SAT,�CAN L'HANGE AT ANY ONE T]ML A11�.
<br /> ` ,. , > �;��� �HE�%i�i[R1��3A�'E't��tbRSOWER MUST PAY.'!�NtXI'E ALS�CONTi4iNS TBE , �' r --
<br /> � OPIYON CA1�1 t� 'T�:ADJ[T�ABLE RATE Tt?A FIIII:D RlbTE. �{ �'' �- --
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<br /> �� . ADD1TIdNAL CO�l�fi�"T3. In mdacuan to the oaVenaats�d ageements maile in the Sec�a�y Ins�meat, , ,`� - _
<br /> . � . ' Eoaowes aa3i�x�Elet'fml3ter oovenanrt�sl�gt�e as foItowa: � ` � - -
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<br /> �1 4 � S� , • < • ��.:�V��'�tATEANDMOI�HLLYPAYNffi��.�N� � � . ,,: . �,� ��" ` ` _
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<br /> ,..,f..,_. . - Note prnvidesihe �Ss� _-
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<br /> te pr$vt¢�s for�_ ' mftcest raie oY 6•��:".���'S#te �, T.� Ie intenest rate �` £<L
<br /> :•f � • '�5 �° .` . � `�+�. ����d��• ` �y�'p�'�•''t��r s��.wvt����v � _—
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<br /> � � �' !,. (} �I'�l ' fi ,.�,�`� 1� sa����eaoi'il�i�riSi*aFl�s�.I3eslt l�S �' tSt�_,-{! . - . — _ ..
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<br /> The a�lasta��e in�e�st rdte I wU pa�'�? ,,s��,� ge,°a�•5rst day°f�Y • ' `;.';..�,�s��;;,r,aad on tiiai day • _ � -�-
<br /> Q�er�eafte '3�'�-9�le iaterest raze conld ch��s t�11zd a Change Daze. , ��.. y�� f
<br /> . . every l2tL manttn r: FacB date o��+ ` __ .:fJ` .;��` _-
<br /> , y, ,.• r:``v.� cI'�n�sA�`-
<br /> — � • . `�., � - 'i:";.;:. . •S;;''� .::.t. :`, ,de -
<br /> .. ' ' . . .(B)�i1BI1IdE1K ;::.,;:,:',. �'=� •;.l'.� ' i: l �.,:,�.:. .•'�: _
<br />— , ��;.'. �g aitb t�e 5tst C6aage Date,�a��stable i�eiest raie wU 6e based on aa Index. TTfi,e''J'i�c'is We weekly �.�.�',; - �.�e_-
<br /> . .:`_ . , _ .a,i�raage yietd on United States.lYeasury.�afljn�L�a ooast�t mam�ity of l year(s�.as�s�vailable by the �f.':;.;.",. �:��'�'�,�=� •�:
<br /> :_.', ',%; .' � . A: t.r Y� -
<br /> —. , ' . . ;`�aiesal Resenre Board. 'ihe most recent�x 8guie a�r as of the date 4S days bafote eacfi�rige Date E��Cxl�ed ti�e - �,.,,
<br /> ." - � ''Carn�nt " � ;.•,��; , � �. ': � , , ��,{� ' v
<br /> iadex. . � .. ,',
<br /> � " ` 1f tlte Iadex is ao longer availabte.the I�I�fIolder wi1T c�aose a new iadex that s b��u�aa�aTable�.�on. te.:_: �� '� ' '-
<br /> - • � � �' ` The Note Ho2der m7i give�e aoticc os th�ct�ioice. . . . ;� `
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<br /> ^ -. -,- -�- (�Ca3�ranof Ct�angca . .. �. � . . . °� ��+; -_
<br /> ' <<:•:` � ' Before eash C�aage Date,the Note Ho�er wilt calculate a nea+interest rate by adding 2.750,. � p�ntage points :;; :,, `'��s
<br /> • � � (2.750 9)to t1�e Curseat Index.The Note Holder will then rouad the result of this addition to the nearrest t f'�; .'� � _
<br /> — . . one�ei g hth of oae p e r c e ntage point(0.125%). Subject co the timits stated in seaion 4(D)below,this:ounded am�ouat - __j.'�=�.,�
<br /> - � - .- -- - aill be my new interest rate imtil tIie next Change Date. , .,. .. ' �� "�.
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<br /> — ' � The Note Ho2der will then determine tir��nouat of the monthlY Payment that would be svfficiea�r►s�epay the impaid -�.� ;���°--
<br /> _ .. prinaipal that 1 am expected w owe ai the CS�e Date in fult on the maturity date at my neav intere.s�satc ro sabstantially � -
<br /> �::
<br /> � . , �'t �Paymante. The res�ilt of this ealculation wili..be che�ar amouat of ary monthly payment. ft i t tifi�31, � : _.
<br /> �; ...� .:_: -.- - �)LimEts on interest Rate Chaageg . : + �Lv,
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<br /> �'• � ' T9ie intenest rate I�required to pay at tlte F.ist�l�ate wili ac�be�reater thaa e:C00 %or less thaa • .. ;1r"��?� , _.�
<br /> -_ `'_,. 4..000°fi.'ibereatter,my adjnstable inte�ie�:�wilt neves 6e incr�toz decreased on aay singte Cbange Date by moce •. �.. ,.,,,, .. ..;:.,�.:f•'�
<br /> � � . � �,� . . than�,� peceentage patats( �. �:���tn the rate of intere.st L Lave beea paying for the PrecedinS a,,,� � �.a-s..
<br /> ��..�t�., ^ w I �'�+d. _
<br /> �;� '���'_�:;;�ss:��� �' tarelve moaths.M interest rate wlll nevecl�; ert6a� 12.000 %:wluch is�!:eA the Maximum Rate. ,�y;��tz =-
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<br /> t,�„+.. . . � (L�ERecttve IDate of CLaage9 : -c • . . _ '.. ;� •�
<br /> ���,. :�.• ..,•,�' , . ..1 My new intecest nte will become effe�:cr��n each Chaage Date.I cr�:1 pay the amount of my cee�+monthlY Payment ' ' . •. ..
<br /> . '. Ft�' ���:, begi�ming on the first monthlY Paymeat d�siA:r the Change Date uudl.►��e amounc of my monthi;�t��ment changes . . • , ...���`i � .
<br /> �;�' . : , . ` '•` , a�Notice oY Changes . `' , . F J?' �-
<br /> ' � �. The Note Holder wiU deliver or taail co-�e a notice of attjl ehanges in.cry adjustahIe�"snterest rate and the amount of �. '���-
<br /> - �' . , my mnnthly payment befoie the effective d�of any change.The notice i�i31 inciude iat'ormation required by law to be f ��;
<br /> . . � - �'� given me aad also the tide and telephoae numfoer of a person who will a��zer auy quessioas 1 may have regardiag the � . , � ��� "�•-
<br /> �: � ' nodce. :�'��: .
<br /> ' ° �'..,' . �.FII�D IIVTERE.ST RATL OPTION � � ' ` -
<br /> ,,'`'��'°�. The Note ides for the Bonower's option ro wnvcrt from an adjustable interest rate witl►interest rate limits:to a � �,�:;. ';:� ;''r=
<br /> .�. �1,� fixed interest tate�aa follows: � , . , �`";
<br /> ' '� !: � 5.FIJIED IIoITEABST RATE CONVEli.gION OP't'ION °'h"'.
<br /> nn to�onvert to F3aed Rate t � ''t;`
<br /> ` ` �, (E1)� • .. -
<br /> � �� • � I have a Coaversion Optioa tttat 1 can execeise unless 1 am in default or this Section 5(A)wilt not permit me ta do so. ! .
<br /> � ' ' The'Converston Uption'is my option to convett the interest rate 1 am required to pay by this Note from aa adjustable 4 �'
<br /> ��� � � - .- � -. - rate with interest raze limlts to the fixed rate ca�culated under Section 5(B)bolow. ; ' ' . ,
<br /> •;.:`.
<br /> `• � �` ` '. , � 'flte canveraion can only take place on a date(s) specifred by the Note Holder dnring tbe periad beginniag on the first � . ��`,
<br /> s ►x;_�_ ��•��•� . Change DaLe and ending an the 5flh Change Date.Each date on wtuc6 my adjustable interest rate can convert to the new y �
<br /> ;�, � fvted rate is calIed the"Conversion Date.' , :.
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<br /> .c.: , � . MUZ.'IIS1A'i8 t'OWEIi�'iB1E MTUSPAHIE RA'iE HIDL�R- SinBfe FamitY- l Year Treasury tndex• F�te MaB lJnffonn Iasframem
<br /> ' , ' , NMFL3�18A91 . Form31181/84 -
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