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<br /> °_�;[`�;'`;�'� b Incoipors�d int4�nd ahs11 ba d�►�d to rr�cd�nd wppl�►t the NIM��Qad N Tiv�l or 6�uritY Dw0(tM"�-u+�Y Metrurtwnt')
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<br /> T���"' "'�"'�`' � TI�E NOTE CONTAM.�i PROVI�IflMS ALd.OWINQ FOH CHANG�S f"P� THE INTERIE3T RA7'�
<br /> ':;�:�;�;x: :�,..;":;;;t.
<br /> y;;� .,.:., ,,t�,� �N[D THE IIAONYHLY PAYAR�NT. THE NO'fE l.IMITiS TH� A610UNY 1H�BOFlIIOW�W'S
<br /> " '�''``-'-''�s� �"�` '" INTERF.ST HATE �AN CNANGE AT AHY ONE TINIE ANDTHE�AJ1XiMUM RA7'E THE
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<br /> _'��,,���, WORiIOW�R MUST PAY.
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<br /> ��:h:h � i• M�ITi0Nl1L COVENMiT9. In asAddion to t!n r,ownaots and apw�Nntc rtw6�h tM Secur�y InaVUm�nt,Bcrrowsr�nd i�d�Axt�
<br /> �'�5�+��`�;�•' cow��nt�nd aQro��tebws:
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<br /> �'•��°_;,��;=����' "� ' A. INTEFiEST RATE AND MONTHLY PSY191AENT CHANGES
<br /> - �.�.+�?'�'�,,_
<br /> ' � Th�Nob pr�vkin Mr�n InitW tnt�roat nto ef 6.600%. Tho Note provl3a foc ch�rtp�e in tha Btw�t nN �nd tM monthy _
<br /> -=-'r';;�`?y`''r!f�R':?�=!+; WYlR1�!!�lt fGNOws:
<br /> �!�"`���•` Y ''���'��`�� 4. lNTERE5T RA3�AND MONTHLY PAYMENT CH�lNGES _
<br /> � ,. . � � � � " (A)Ct�nQe Dates
<br />. � Tn.h�c roc•i ww pay mry cn,�,�s on tn•tat aay o�ocm6er .199s . �na on cna� dry .v«r
<br /> .•• ' r.��� ... t�1. ��..r� � b w�Y.A ��yh�nw�fl�l��
<br />�.;_� ,.�. �.:� . -":-,��-� =cu��nin�u�u�ww�n�. �+V��L�s�v� ..iiw...Si:� �..�.Z TG�w'� .�Cr.�.'��....�..�..� ...� . . .
<br /> ., (B)The Index =.
<br /> . Bephn(np wRh tho flrat CAanpe Date, my inloz�st rats wiM 6e b�sed on an Inde�c. Ths 'Index' is lh� wNicy av�er�yiNd on UnNed
<br /> SY�t�s Troasury e�curttia adjust�d to a constent mn?urRy of t yNr,se rt�d�avaM�bM by Ih�F�I FMaKw�oard. TM most n�wk ksd�
<br /> . fipuro avaibbN ma o!tM dab 45 dnys betnre esch�hart90 O�u b capsd the'Curr�nt IndaP'.
<br /> If th� Ind�oc h no lor►p�r�valYbfe,the Note Holder wiN cAaase a nwv �ndox whiah Is based upan cor�rabM Inimr+�tbn. TM NoM
<br /> , Hokier wNl pks rtw not��o!lhls chofce.
<br />- � � �• , �C)Calculation oi Chen�es -�-_
<br /> BMon e�ch Chu►p�p�b,EM Note Hoid�r wIM ctbuyts my new Int�rsat nt�by�ddhy an 600/10„QO pKan� :z:�='-
<br /> pohto{� 2.600%)to th� Curtant Indw�. The Nots Ho1dK wil then round fhe nsuR of Nb addtian to tM nw��4 a�itphth of oY-
<br /> � �_����' orN px��nLps poht(0.1 .2�i ). St�bjsct to tM NmRs stnt�d in S�ction 4(6)bab�r, tAio round�d etnwnt w1N b�my nwv Inbntt rMa u�Nil tM `-�-
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<br /> '�' �. next Change Qate.
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<br /> � :� ��` Ttw Note Holdar wUl thon datamfna the amount ot th�monthy ptyment t��!wouid b� suffici�nt ta r�ay Shs unpald pnc�ad ttut 1�m ���=_..
<br /> e�sated to ow��t th� CE►�Oat�h tuN on th�meturity date at my new htKest�u h subatanthNy�qua1 payrtbnb. TM nwk of thk F_;n�
<br /> ca�uMtbn w�l b�tM new eimount o!my montl�y paymen� � s -
<br /> '��} � (D)�Imits on iniereat Rste Changes � ^���
<br /> . . . ' The Interest reta I �un requKO� to pay e2 the first Chanpa Date wiN not be QnestK then 8.6Q0% o►ieaa M�n _
<br /> ' � 9.50096. ThereaRx,my intarest r4te wiN rtavs►bs hcrnased or dacnasad on any alnpis Chany�Dat�by mo�ttw�
<br />', `�:c��i• lwo percentaQe polnt9(2.09i}kom the rete of hterest I heve been payYy(or the preced'ng tweMs monthS. My htanst rate wiN n�wr D�
<br /> �
<br /> � :',`:r prsnter th�n 11.E009�.
<br /> ,� _ (E) E4fective Dete ot Changas �
<br /> My new Irtterest rcto wfN become e}fecWe on each Chanpe Date. I wfN pay the emount of my new mflnthly payment baphohg on th�
<br /> � fr6t monthty paym�nt date aRer tAe Chonge 6nte untN the amount ot my monthly peyment ch�nge�s again.
<br /> a� Nottce of Chenpes
<br /> The Note Hoidor wiN dellver or maY to me a nocice ot eny ohanqes h n�y Intcxest rtte and the amoun¢ et my monthy payrtient betore
<br /> a th�o�hcthre date of any ohanpe.fie notfco wix Include Inform�tbn requlred by 1�w to be Q�ren me end etsa cha tkie and teMphone numbe�
<br /> , ot a person who wiN answer any quostbn 1 may hava repardhp ths notice.
<br />, � 8. Tf�d1NS�ER OF T�IE PROPEF�TY OR A BENEFICIAL INTEREST IN �3m�1ROWER
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<br /> - --------.-..� -,.--... Vneurro�.overtatrt v v�ms aectnn�maumaan A QIIIO�IVO{l N tRY W NtM�O� -
<br />�; ' 7NANSFEFI OF TME PAOPERTY QR A BENEFlCIAL IN7ERE5T IN [30�;0�'dER1 EI a�or ony p;Jt at th�Prap^rty ar sny [nt�st h k Is �
<br /> sold or Ggnsfe�red (or M a bona#icial tnta�ast In Borrowir Is sold or Vansferr�d and Bortower Is not o mtural porson) w'thout Lender'e prtor
<br /> � I written censent,Lendx m�y,at Ra optbn, rsq�uire fntmadiate payment tn fuN of atl sums secured by thfs 5ecunty tnstteiment. Mo�xever, tA� �
<br /> ' optbn shaSi not ba exerolsed by Lender M exerBro b proh�Rt+d by fsdsrnl Inw es oi the dzt�of thl; Securiiy In;,Wmen� Lendor akco shn9 '
<br /> 1 i ' { not exsralse thks optbn N: (e)BoROwer causes to be 6ubm�ted ro Lender htortnntbn requtned by Lander ta evaluata the htended minsteroe �
<br /> t. � as !f a new ben wero bein�made to tho trnnstaree; and(b)Lender reasonnby dFstamines Shat 1..ender's security wiN not trs Impatr�ad by the '
<br /> � ban e3sumptbn end thn!!re rtsk of e brsach of any covenant or aQreemont h th�Securty Inswrrent ts acceptabie to Lond�r.
<br /> , i �
<br /> MUL.7ISTATE ADJUSTABLE RA7E RIOER-AAM fr2-Sinpia Ft►mfy-Fannle MaelFreddie M¢C UnHonn InShument Fortn 3111 3lBS i
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