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<br /> , . t. ADJUSTAB�.E RATIE ItIDEIt f'�.r�+�q
<br /> _- � ��'r �l/�+�t�l��
<br /> � (6�Aiorath T Blll,Weck41 Auet4on Aver�ge(Inveate►ent)-Rate Cap)
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<br /> TEIIS ADJUSTA�I.B RATB RIDER is mada this �7'!H day aY �[�, 19� .utd f�fntat�wtatedlnto asui�1rn11
<br /> - b s dce�ued w amend and aupplemmc the MAetgage�Deed of Tmat or Secarity Deed(tha"Securtty(astsument")of tha e�me dato eiven hy
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<br /> • A tt�uaderaigned(tho"Bon�owef')w secure�moweY's AdJustable Rato Note(the"Notew)to —
<br /> !'� � �il�Cf�1t+ l'�!L� ��lT
<br /> -_..'�� ,� _. (the°LEn�let')of tho eame date and covertng We proPertY descri6ed fn the Seeurlty Iasteument u�d loeaud ats
<br /> s a817 B� ffi+�17tS. (�1�D I�,�ta. I�1 688Q3
<br /> [Prop�rtv Rddru�l
<br /> - �. ,, TH�NOTE CONTAINS PROVISIONS ALLOWINCi FOR CHAN�F81N 4H�INTEREST R�1TE AND THE
<br /> x,��'''"� : RA�(�1T9i1»Y.1'AYMENT. THE NO'TE LIMITS'fF1E AM�UNT THE BORROWER'S INTEA�BT RATE CAN _
<br /> �•'��'1�' ..��..�,:� CH�i1��fiB AT ANY ONE TINIE AND THE MAXIMQJM RATE THE BORRAWER 11f1UST PAY.
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<br />��/ ' �''�`�}���;: ppDT1TONAL UDVBdJAA1T9.In addidan w the covenants and agreem�.,nts mcde in the Seeurlty Imtrument,Bortower�ad Leadea _
<br /> JJ ""' r���'.,;.�`�.;;� ftiuthercovcneat ead ag�ca as follows: _
<br /> . �;�:,.';f;' �°.
<br /> �?x�::�r,.;.�;�A,�:.`� A. IIVIFRFST RATB AND MOIVTHI.Y PAYNIFdVT CHANCiE3
<br /> m•s;.:;�.����t, '1'he aou provldea for an init�nl inunst iate of 5.Q00 9b.'iho Nou provides for cbanges in tho intoreat
<br /> .Vf�.'i��� .�
<br /> .-.. �- . :� : rata aad the montLly paymenta��s follavu� �
<br /> ,t,R.,�.�,,.': . ...,': .,, 4. U�TTFRFS"f RATB AND M�I3TNLY PA1lMFdNTCHANGIFS
<br /> -. • (A) Quage Daus
<br /> ..:,- , 7ho interesttata Iwill pay may cl�aage on the ti�st day of �[ .19 95 �aad ont6.atd�y every tith taonth �ry-,
<br /> �" :;•,", ,�• thatestter.F�eh dote oa whieh my iatenscrate eould eheage is called a"Chaage Data." _-
<br /> � ti `. , (8) 'ltto Ltdex �+,��'-
<br /> , . �PI��B with the atat ehaage Date.my}nterest eate wiU be based om an Indax.'A►e"Indwc"is the weakly aiuflon avenge -_
<br /> " (inveat�ent)on 6�aath iceasiuY biiLg�es madc available by the Federal Reserve Board.lha most recentlnde�c Bgure availablo ta of tha �1-:�
<br /> , dato 43 dsys bofor�eueh Change Date ia called the"C�erent Iadex." �
<br />_ ' � � U the index is tto longer availablc�the Nou Holder wiU choose a new index which ls bas�ed upon comparabla Infaimtdon.'[he Noto =�-
<br /> , _ � HolderwWgivema�aut�eeoYthischoice. �,''� `
<br /> �-.
<br /> .. � _,�• t�j Ca!^ule�l�u.�f chungcs A�n T�� =;•a�
<br /> �� . Before each Change DatE.the Note Iiolder wUl calcutatemy new�ntereat tate�ding peroeatage points( 3.37&9b) ��:
<br /> to the Cutrent tudex.Tha Note Holder will thea muad the result of this sddition to the nearest one-eighth of one percentage point �n-
<br /> (0.1?,Slb).Subf ectto the litaits stated in Secdon 4(D)below,ti�s rounded amount wW be my Aew laterest rate unW tho ne�ct Chrnge Dato. �;?."
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<br /> " �' 'llio Note Holder wW thcn deurmiae the amouat of the monthly paya►ent t6at wauld be sufScient to t�epay the uapaid prinaipai that I
<br /> . . . am oxp¢ated to owe at We C6nnge Date ia faU on the maturlty date st my new interest rate in substaadaUY equal paymente.The teault ot ,
<br />- � ' thle catculaUoa wW be tha ncw amount of my montLly paymen� .:4.
<br /> � • '. (D) Umlte aa Ittterest Rate Chaages
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<br />- 71io Intcrest nto I am trqutrod w pay at tha fiest Change Date wlil noi be greater than 6.150 �l,or less then 4.650 �b.Thcre-
<br />�� . �, ' Rfter.my iatcnat rate wUl never be iacm,asedor decreased on eay singte Chaage Date by morc than 3/4 percentage points 10.75096)
<br /> j �. `",- . flrom the rsto af interest 1 bave bcen I�Y�B for tlie greceding sIx montbs.My Interest raw wW aever be greater than 10.40�►. ��•
<br /> ' (� 6fiectivo Date of Changes '
<br /> , ,�� My now intetnstnu wU�b¢cume effeeHve on each Change Datc.I wlll pay the amo�mt of my aew monttily payaaart bsgtnniag on tho „ .
<br />- , • . fltet monthlY puymcnt dtte attcc the CGange Date until the amount of my raontiily payment changes agein.
<br /> ' �� (F�NodcootCluages
<br /> 7ha Noto Holdar will dellveror mail to me a ao8ce of any ehanges in ary intereat rate and the amouat of my monthly paymart before
<br />-� � Y , Qw offeetive dite oY tny cLange.The nodce wi111nelude iuforn�adon requ9m,d by law to be given me aad also the dde and telephoae
<br /> ,` '' number of a pataoa who wiU aaswer eny question I may have regardiag the notice.
<br /> �`.'�': F3. TRANSFER OF'I�B PROPF1tTY OR A BENEFICIAL INTEREST 1N BORROWER
<br /> �.," , r: Unlfom�Cnvetw►t 17 of the Securlty Insprument is ameaded w read as follows:
<br /> ' 7Yansfor of tho prnperty or a benaRcial Intereat in borrower.If all or any part of the proporty or any iaterest ia it is sold or naasfccred
<br />,� '� ,.: ' (or iP�bcnotlot�sl lntereat in Botcower is so18 or traneferted aad Borrower is not a natucal peison)without Lender's prior wrttten c�nsent,
<br /> ,� Londer m�r,at lts apQon,cequim ianmedtate payaient fn ftill of all swns secured by this Security Insavment Lender also shall aot eaercise
<br /> thin upQ�m its(n)Bormwer canses to be aubmitted to Lender informadon requimd by Lender to svaluatathe iatended ttan.sfenee as if a nRw
<br /> � � ° la�n weto boing nwdo ta tho traasferee;oad(b)Lendet reasonably detetmines tbat Leader•s secutlty will aot be impait�d by the loaa
<br /> �� . a�.wmptton md th�t tho dak ot a breach of eny covennnt or agreement in this Security Inatrument is aocepteble to Lender. (
<br /> _- �;. � ° � To tho oxto�tt pcmtlRcd by applicable law�Treuder may cLarga a reasonable fee as a condidon to L,ender's con.cent to the 1oAn I
<br /> , �temption�l�enQar m�r alsn rcquire the uamvfr�s to si8a►az►assumPdon agreemeat that is acceptable w I.ender end that obligates the
<br /> ��. ; . tru�sfcteo ta kccp all tha pmmiscs and agnaments made In the Note and in tl�s Security Insttwnen�Borrower wlll continue to be
<br /> . 1 : � nbll�ttccl unekr tha Nuw and thls Seeurlty Instivment unless Lei►der releases Borrower in wxldng. �?
<br /> �� IP I.endcr oxcrclscv tho option w cequire immedinte payment in full,Lcnder sheU glve Bom�wer aodr.e of acceleratton.'�e notice
<br /> sh4�1 pravttlo a perind af ttut lc:c9lhaa 30 doys froas the date the nodce is dnlivered or meiled within whfeh Borrower must pay all sums
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<br /> a ---------- - ---..�_.u_o_l..�...��...�........ tI w.....,e.o.Feite rn nov thPSw mm�a winr tn thr.nYnlmdnn ef thic r�t�d.i rndes mav involoe nav
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<br /> __ � � remedlcs p�raittici!by thlx Sccurlty Instnuaeat wtt�rorut�urther notice or demaad on Bonnwer. � . . �
<br /> 8Y 9I�NIN(3 HE3[AW,aum�wer accepts end agsc�to the terms aad covenants containedin this Adjustable Rate Rides. ;.
<br /> . . �1 .. �� �• �
<br /> "' ��gj.i,�t� ($eal) tSeaq �
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<br /> �� . , ___._,.�..e - - (Seaq tSeaq ,..
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<br /> [Sign Ortgtnol OnlyJ '
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<br /> ?+n � '� •
<br /> MULTISYATE ADJU9TAQl.G Fi/aT@ RIDER-ARM 6-2-Singlo Fetrily- �
<br /> ' Fanni�Me�/Fr�ddl�(1A�o llniform Inetrumtnt Form 3111/3/8fi EG3033(REV 03/83► :
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