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<br /> ADJUBTrABLE ndRATE�p6PlID�+R 9�,..� �OS�i�'�
<br /> _ --�.� .
<br /> -- - THtB A19dU&TA91.R RATB RIDHR la mado thta Z7� day af �UNE ,�q 9Q,,
<br /> end t�Inoorporud Imo�d iTttll ba daemed to�mend md tupplement the Mortpte,peed of'lYuu.or Securitr Dad(the"&cudty IttNmment")ot
<br /> , the�un�due�iv:n by th�undenl{ned(the"Borcower'h to recurc Borrower'�AOJuuab?a Mt�Wote(tha"Note")to N�.�FEDIIRALI�iMMD
<br /> (�p(the"Lh►der"1 of tht ame du��nA covetln�the proyerty de�cribcd fn tho 3aurlty Imtrnment�nd located n:
<br /> _�--__—,�-_—�_-�
<br /> 21Q4 BARBARA. GRAND ISLANO N� 68L'0� `
<br /> "J"""-' (Propeny Addra�)
<br />:�r — 7'Mir�ose euaW� Oro�Ww�Uowie� Pa c1aKa 1� �bterat nu �r�0 �a� �wt61f .
<br />;��_ oa�meaU.7'�U rot0�!w ttdq tMe�soyrt Ay i�terat ratt a�eh�e at uy oN ds�tnd
<br />__- - — sfw t1e mW�rm e�i tlie�Lr��nte 1 auut p�.
<br /> �:
<br />- - — - ADDITIONAL COVBNAM'3.In RddlHoa to the covwants aad a�reemeass madc ia ttse Secudty Insuument,Bartower and I.ender �-
<br />-,f� tl�rther oovenant wd a�rx+�a toAowe:
<br />�;.
<br /> � A. INT+UtFBT ltATE AND MONTEILY PAXME7NfOCONANGES
<br />`;,t 1'hn Note Provlda far an faitlnl inureat cate of hi.Sectton 4 of the Nom pravidcs for changes in the inurat rate and the
<br /> monthly p�yutente.as folluws:
<br />,-, �� 1. IMER65T R4Tli AND MONTNLY PAYMIsM CNANOES --
<br /> t�A) C6f�e D�ks ..�._
<br /> ' The inberest ratc 1 wW pay may change on tAs tirat dny of JULY ,19 95 .and on that da��evay �C��..
<br /> �� monttu theroafcer.BacA dateon which my interest rate could chango ta attled a"Chu�ge Date."
<br /> (� Tbe Ida� _
<br /> Se=[nnin�with the Hrat Cdange Dxte.my iaterest rou wiU be based aa an fadex.The"Indac"is the wrekly av�age ykid on Unitod Sptes ___
<br /> 7Ywsury tavriUa adjusted to a consmnt matority ot 1 year.aa m�[de avaUable by the Federa!Reserve Boud.The most rxent Iadac figure =`'�`�
<br /> avaihble a�ottbodau 43 dsya bMore each ChanBe Date is called che"Current Indac:' r'�.';;
<br /> If the Iada�ta ao loagec avallable,the Nate Holder wiU choose e new index whtch is ba�ed upoa comparable informadoa.The Note_ �
<br /> .��:.
<br />_ Hnlder wUl�ive me noda of this chota. �'-'-"
<br /> �����.
<br /> i� ��0°°����" ThIREE AND QNE-HALF � ��a_�.
<br /> Before euh Cbauge D'au.the Note Hoider wlll catculau my new inte[est tau by addiag pacenuge -
<br /> � po,nm t, 3.5 �)co tAe Current Iadae artd rawsding to the nearat 1/8th of 1�Ji,aub�ect to the limtta stated in Sxaon 4(D)below. k�"����""
<br /> ''` 'tt�is roundcd amouat vrill be my aew interat rau andl the aext Change Date. ��
<br /> x
<br /> �� ���
<br /> The Note Holdu wtU Nen determine the aznount of ths monthly payment that wo�ld be aufficteat to repay in futl the pdacipxl I am _:
<br /> ' `� expated to owe oa that Change Dau in substendaUy equal paymente by the maturity drita at my new interat rate.The asult of thla catculadon
<br /> wttl be ttuaew amount o!my monthly psymient. ���
<br /> �- �, -
<br /> � (D) Lir(boa[ataeatRtteCYa�es
<br />_;, ° �tatercst rate 1 un require6 to pay at the R�st Cdange Date wiU not bc gceatcr then 9•� a1'e or less than �c�'
<br /> �7i.Thereafcer.my interest rate wili aever be increaud or decrcased on any aingte Change Date by more than �0 ,,;.
<br />"; 2+� irom the rate o!interest I have been payin8 for the preading twelve matths.The miaimum interest rau on thialoaa will nevu be ��;=°"
<br /> les.a thau 5.00 yi and ehe m�cimum inurat rau wiu never be greaur tdan 12•�� qi. �k.i.
<br /> :�. .
<br /> •" (q Flttctlre Date otCYaeas
<br /> My new inurat nte wlll become effective on each Chnage Qate.t wfii pay the amount of my aew monthly payaient beginning on the firse ,�.:.�_,
<br /> ,. ' �:;�1 �,�;if,r moathly payment date after the Ch�nge Date untll the amount of my monthly payment changa agein.
<br />- ' r,S;n�►' (F► NotloeotAaua .
<br /> �•�";'•'���V�u The Nou Holder wlll maii or deliver to me a aotia befom each Change Date.The aotia witl advise me of:
<br /> - �; .....�.
<br /> '�'.:��F� ' (i) the new iaterat nte an my loan as of the Chunge Date:
<br /> -• ���t�^ (ii) tho amount uf my monthty pay�rtatt foUowing the Change Date; �
<br />.�-�'-- _ i�`r-{-;r'�;a��:i3 � _
<br /> .y� :�;.;, i.. QiU) any additional metcers which the Note Holdu is requtred to dlsciose:and
<br /> '• -•��{i�� � (iv) the eddras of tha aasoc[at[oa you ceuld conmct regarding nny quesdoas about the adjuatmeni noUoe.
<br /> ' �s��.:�..'•�'y, ,
<br /> • :�>'.�w�,r'�','.' �. CHAItGffi:IJ�1V8 G
<br /> `���i<���'+1,;` Uaiform Covaunt 4 oi the Securlty Inatrummt is emended to read es follows:
<br /> -,�:... a!,,,:
<br /> ' "µ:'%:'� � 4. A�r�ea;Ues.Borroaver ahaU pay all taxp.assasmeata.and othu cAarga.fina.and imposlHuns attrlbutabte to the Proputy whtch may
<br /> :.�.,�'�'::':�:`:"�.
<br /> ° attafa a priority ova ehts Savrtty Imtniaunt.and teaseho2d parasau of gmund raeu,if eny.in the manner pmvtded undet paregtaph 2 hetcoi
<br /> .::.;.��.,;_p...
<br /> -� •• - �,�. ,n�it not paid in auch manrter.0y Borrower malctng payment.whm due.directly to the payce thereof.Borrowu shnll promydy tUmish Lender
<br /> . ��;'�..•; .;., �.
<br /> : r;i ° ' .r�� aU�lofioa oi autounta due unAer tEis DuragrnAh.and in the event Borrowa ahall make paymcnt dimtly.Horrower shnll pmmpdy fumisD to
<br /> _;i:.r:.:_' Leader ceaiyts evtdeadng aueh payments. Borrowa ahn(l promptly discherge any lian whfch has pdority over thts Securtty Instniment;
<br /> '��r�r�, howeva.Borrower ahalt not be aqutrod to dlschuae anY auch IIen so long an 8ortower:(a)ahaU agra in writing to the payment of the
<br /> ' ,.,,.,;,,;..":,`''-�`f� obliEatton secured by suoh Hm In the manuer aooeptehlo to Le�tder,�b)ahnll in good fatth contesc such Iten by,or defcad ngatast enforcaacnt o!
<br /> '�;�': ' aucA flCn in.Legai praoadtngs which ia the opinioa oi Lendet operntc to prevent the enfercanent of the Uen or[orfeiture of tAe Property or any
<br /> :i�:;�.;�... �_ ..:•..: � pm�t thereot;or(c)shall sacuns from the hoider of such Iten an egrcement in a form satisfactory to Lender subordtnnting sacD lirn co this
<br /> .. , .. _ .
<br /> .. .... .. . . ..
<br /> ��� ';��,'°,.• � ; . ' Secudty[natrumcnt.
<br /> .« �-.<w..-. ..r.,�.:.,...
<br /> - -- _--_ - - - - di tdIIQCf 4C3IIJDUt7Q inai att vr an�{rui vi inc i�vp�ij w 6u`vj�i.Cv o�iiw��uu�nisy o:saiu B�riri.ia`j v:2i u�u ac�viii�uaaiiuiiicni, ---.
<br /> r��� ��� .�r;T�MT Lender s�ha11 give Botrower n notfa idrnttfying such tim.Borrower sha11 sutisfy auch tten or take orte or more of the nctions set forth abovc
<br />- i .•�,:_,,.: , . �
<br /> �'�;� " �.,. . witNntmdayr,cotthep�v[ngofthenotfa.
<br /> �ks..'. ^��' �
<br />.. 1�`:`�r%�..ifi.�s�"". C. N��� -
<br />, ;�.(��'"�'�"�� Unfform Covenant 14 ot the Secudty[c�strwaent is amatdod to read su[oUows:
<br /> �7��..'�'.�i �`Y
<br /> �?�' %�•'-� U.Notloe.Exapt!or any nod�rcquircd under appltable law ta be given in another mannu.(a)any notfce to Borrower proviGed for in this
<br /> "������'��Y.`'�� � Security Inswment shoU be giren by delivering it or by maiiing it by fir�t ctats mait to Borrower at the Pro
<br />: F. peny Address or at such other nddrcss
<br /> .c�:��':�,,�' �•.
<br />�' „ ";�,vY:r .'•� �"� as Bonow�may daignate by nodce to I.ender at provided hercin.and(b)eny noUce to Le�der shall be given Dy f[rst clau mutl to Lender•s
<br /> :;-3�-�=�" � address ataud hercin or to auch ot�a address as Lendu moy dafgnate by noria to Borruwer ns provided Aere�n.Any notice provided for in this
<br /> � Secur[ty iiutrument sAatl be damM to have been given to Borrower or�ender wAen given in the manner daigrwted herein. �;
<br /> '�..'.�3 �i �
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