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<br /> ' ADJUSTA�BL]E�kTE RIDER
<br /> � (�Mont6 T-Bi!!,Weekl�r Auctton Aven�e(invcst�aent)—Rate�aps) ��-f J'��u�
<br /> 'i'k�S ADJ(1STABi,�RATE RIDER is�rwdo thfs �3RD day oY A�^�1R', 1995 .and f��nc�atporated inw and slull .
<br /> M d=�ms!w�±*x�c!c�a�a�latnent tbe Mort�tte,Daed uf'[inut or Seciul'tY Dad(tho"3eeurIty Iasuutnent")af the auoae date riven 6y
<br /> tho uttderafgned(�1ce"Bo�rt�owes'7 to�cum Bonnwer'a Acijmtable Rate Noto(tbe"Nata")to
<br /> �i�,�l�1L]I� O�TI�T
<br /> (Ihe"Lendef�a�f tho s�mo d�te utd covacing�ha prnpertY describeil tn tha Sccurity Insttument uid locaud a�
<br /> 10a � 18'AI �P. CiitAl�D ISL.A3iD, 1�C 68801
<br /> IPro�ly Addrwi)
<br /> THE NOl'E CONTAINS PROVISIOfiiS ALLOWIN�FOR CHA4VGES IN THE INTERF.ST RA`�ANQ THE
<br /> MONTHLY PAYME1YT. THE NOTE LIMI�9 THE AMOUNT THE BORROWER'S INTEREST R/ATE CAN
<br /> CHANOE AT ANY ONE TIME AND THE MIAXIMUM RATE THE BORROWER MUST PAY.
<br /> ADDITIONAL DOVF1�iAN15.IA add[tioa to ihe cov�n�ats and ag=eemeab mtde W tlte SecurIty Insht�eat,Bottowe!and L�dei
<br /> funhcrcovenant md�gne as follows:
<br /> A, INTERBST RA1E�lND MONI'EII.Y PAYMFNT CHAN�ES
<br /> 'IAe note pmvtddfor au laidal interest eata of 5.900 �b.The Noto provldes far changes ta tho interest
<br /> cate and tha montWy payments.+s follows:
<br /> 4. It�11ERF..ST ltA18 AND MONTHLY PAYMPNT CHAN�ES
<br /> (A) Ch�nga Daus
<br /> Tlte iaunst rute I will pay may chaage on the fltst day of � ,19 95 .and on thau day every 6th month ,;y;A
<br /> thereatter.Fach dace on wbich my iatcrest race could chongc is caUed a"Change Date.•,
<br /> �;• . (B) Thc Indcx ;,
<br /> Beginaing wtth the fttst change Date,my interest rate will be based on an Lidex.'lhe"Index"is ihe weekly suction avetage
<br /> (invesnaent)on b�month tnasury bWs,as made available by the Federnl Reserve Hoard.Tke most recent Index figura avaUableas of the
<br /> ' • date 43 days before each Change Date is called the'Cutrent Iadex."
<br /> "•�'' ' � If the index ls no longer available,the Note Holdet wiU choose a new iadex whtch fs bnsed upoa comparable infoimatioa.'l�e Nou
<br /> ,�'��`'��5,�'��'�f�7: Hol�et wIU givo me nottce of Wis choice. `
<br /> . %��i�,.i�°'•3,�.�'i.": (G� Calculadonof Chaugea � ATID R� E[� ��'
<br /> ,.�x�+y . Before each Change Outg,ihe Note Holdec wlll calculatc my new intecest rate by addin8 P��B�Ip��t 3.3'Ib 9b)
<br /> '��'' "�''�� to the Cutt+ent Iadex.'li�e Not�Holder will then mund the nsult of this addidoa to the nearest one-eighth of ona perceataga point �'
<br /> �fi�M:+v�x��.�.t�'� �
<br /> � ' (0.12S9b).Subf ect to tht llmits statcd itt Sectlon 4(D)below,tWs rounded omouat will be my new Inte�+est rau until the aext Chenge Date. '.':
<br /> y'. 1"i���l�l.��.,i.111. Y(�,�
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<br /> ;�'-�,r°••° '" 7Le Note Holder wlll then determiae the amouut of tho monthly payment tbat would be sufRetettt to repay We napafd principal thuel ,;;•_.
<br /> `til�•�;.�;:.. ., . .
<br /> :?,i...�•,.fi9-:h .'.�,�;, am expected to ov�a at the Chaage Date in fuli on the tnawrity date at my new intenst rate in substandallY ul�PaYments.11ie result of ,:;�
<br /> : r;;���►^+s�:;;si;�. thls culculadoa w1110e she aew amount of my moniLly paymenG
<br /> ;�, ,,r�f�`��'� ":•�:• N) L3mits oa Iaurest Rnte Changes .
<br /> ' .�;��,s;jN,c,�n:e.
<br /> �' ":�;"'�'i�"�;w: 71�e ineerest taLa I am required to puy at the first Chenge Date wIll aot be greater than 6.650 9b or less than 5.150 S6.'Ihetse-
<br /> "�4�.�art� a•
<br /> 3'?���•��� after,n�y iuurest ratawlll aever be increased or decres+sed on any single Cl�aase Date by more than 3/4 percentage points�0.75096)
<br /> wa t�r
<br /> �•;�::,�. ft+om tha rate of iaterest I Save been paying for the preading six m�nths.My intce+est rate wiU never be greater than 10.900b.
<br /> �a�,�';7.��`:�•�:• (Ej EffecHva Date of Changes
<br /> �,,..;;*�'�,s�r My new inuresttate witl become effective on each Chaase Date.I wlll pay tho amount of my new montlily payment begiwiing on the
<br /> �!�t�;:.� ;�;,:-; fust montlily payateat date aftee the Change Date until ihe amount of my monthty paymont changes agaiA.
<br /> � t,��� �t • ..
<br /> .��..:�. , , (E�Nodceof Clienges
<br /> •�,c�.� . . .. 'nte Nou Holder will doliver or tnail to me a nouce of an cbaa es ia m iaterest rate and the amount of m montW a
<br /> -,,�,,.,. .., :.
<br /> Y S Y Y Y P l'meat before
<br /> •:��*��. ... .- .., the etYective daoe of any change.11►e aotIce wlll Include infomaadon cequired by law to be given me aad slso the dtle aad telephone
<br /> �-�-�� �•- number oP a porson wha w111 answer any questton I may have regarding the notiee. �
<br /> �'}}�'-4����� B. 'IRANSFF1t OF 1i�PROPERTY OR A BEiVFFlCIAL INIERES7'IN BORROWER
<br /> ��• -�" Un[fotm Covenant 17 of tha Securlty lnsnument is amended to cead as follows:
<br /> ,;. °, Tran4fu of tlu�opetty or a beneftclal inurcat ia 6orrowcr.If all or any part of the property or aay iaurest in it is sold or uaz�sfaaed
<br /> .,W: . _.
<br /> -' ;...�;�, _. (or if a beneffciel iaterest in Boimwer is sold or traas-fect+ed attd Borcower is not a natutal person) out I.cnder's p or tten consent,
<br /> >,,'`,�.`_. : . .- I�endu may.at{ta opdon,tequin fmmediate paytnent in full of alt sum.s secuted by this Securfry tnsteumen�Lender also shall not cacercGse
<br /> ''' -" - thfs opdon If:(a)Boirowu ca�ues w be subtdued to Lendet informadoa tequitrd by Lender w evaltuite the�nteaded traagferee es(f a new �
<br /> , • loan were being made to the tcaasfec+ee;and(b)Lender ces�,sonably determines that Lender's securlty will not be impaired by the loan
<br /> =1.. .. essumptiou and that the tisk of a breach of aay covenant or a�+eemeat in this Security Ias�ent is acceptable to Leader. �
<br /> '• �i.. To the extentpetmittedby appllo�ble law�Lender mny eharge o masonable fee as a condidon to[eader's comsent to the loan
<br /> �5�;:_.,_ :�. ..�;:-:•
<br /> �. _ ; assumpdon.L�eader may aLso requite the ttaa.9fereeto sisn an assumpdon agnement tbat is aoceptable w Lender end that obligates the
<br /> :�'•_��''"`� trnnsferee to kaep aU the ptomLses and agreements made in the Note ead in this Security Insnumen�Borrower wiU continue w be
<br /> t-. `t:.�;. . obllgated under the Nota aad Wls Sean�lty inst�umeat unlcss Lender releases Bonower in writing.
<br /> -�'."_
<br /> �=�?�:�"� "•;�;� If Leader exeraises the optioa to requi�immedIate payment ia full,Lender ahall give Bomnwer notice of acceleradom The nodce ,
<br /> ':""���` ''�-'�` shall prov[de a pertod of not icss thaa 30 days ftom the date the notice is delivered or mailed within whlch Bon�ower m�ut pay all sums ,
<br /> secuird bv this Seeutltv Insuumen�If Boirower fails to pay these sum�pdor to the e�pfraflon of this pedod.Lendet may iavoke aay
<br /> � • = tea�edies peimitted by this Secutity tt�cttument wtthout furi6er nodce or demand on Borrower. •
<br /> � B SIONWO BF•[AW,Borrower accept�and agcees to the tetms and mverwnts conmined in this Adjustable Rate Ridcr.
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<br /> ;••:�•: MULTISTAI'E ADJt�ST'ABI.E RATE R10ER-ARM 6-2-Single Family-
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