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<br /> ' '`�'� ''°� �' �'�'�"'' arr� ie incorp�rated 8ito s�l et►all he decwod to atuenst W►d etigplemont IIFe I1Saftg,ego,Daed of'Tn,se or Srcu.rity
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<br />-- :..��=-'"•``=,��"`��a De�l(tl:o"Sxur.s;I�tiur�n!")ns the�ame.late�ivea by the utdenijr►ed(tbe "�lonrowar")to rxuro Boreower'r ---
<br /> =ri�''At�"►4'+�=+":V�e';, 0[iTA0A0Ya1T�1T sED�1il1►L �71liK� !�b ---
<br /> AdjustuUlo Rato Nota(tho "NoEo')la
<br /> �`L .....�;.o�:�;��� (tho"Lender`)of the c�nso due utid coverind�P�'6P�tiY de�criood in tno Securiiy Ii►i�u:�,i r�:�e71oc��::�i�, -- -
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<br /> �G' - •. - T� NO�I'E COI3TAINS PAOVISIONS AI.LOWING F(2A CHANGFS IIY 1� --
<br /> 's:: .., . .�:.. .��._.: IIVTERFST RA'TE AND T�: MON77II.Y PAYMENT. THE NOTE I.'f1VII'l5 THE _
<br /> -;;�:.�.:,.. :- �:.: Al�ii2l1N`A' 'l'1� BQ�O1uVEP.'S �`.IkDAJSTABLE II�'d'EPtF.g`d' AA'E'E CAN �A1VGE �!T --- _-
<br /> -;.,:;�r.': ' -; .��:� ANY OIVE'1'I14�MTD'171E 11�f.A7CIM[TleR AATE'I�BOYIROW�A MUST P,�'Y. _
<br /> -� _
<br /> ,...�..• .
<br /> � • � ADBYTIONAI. COVENANTS. Ia edditinn to the covenuue �ad agraemenb made in tbo Security --
<br /> _� .. �, :•, :; Instnwsent,Borrawer nnd i.ender fuRhar covenant uid Rgcee u followe:
<br /> . .. ' :':',�`" A, R�IJS'�'11�BI,E RA7'IE AND biaNl�'HT.Y PAYl11E1VT CHAI�iGES
<br /> -� "' 1l�e Noto provides for an initinl intere�t rate of. 8.6a5 gg, 'The Note providea for chsagea in tix
<br /> Y , , ecijustable tntem+t rate and tM mndhlY PlYm�aU�as foltowa:
<br /> —�, . ,.- 4. A1DlUS['ABI.'E INTErtEST RA1'E AND riION'CliE.Y PAY14iEN'1'C9ANGFS - --
<br /> - (A) Change Datc ,r,.,,
<br /> ' . 1'�e edjustablu Intenat rnte I will pay may chango oa tho fixat dny of_ NOV=Y�BR, Z001 �
<br /> , ' . . . and an t}u�t day every 8� K02iTHS (such period the"Intcrest Poriod�thercatter,unleas I oxerciee =
<br /> my option w change the Index nnd the Intora�t Period und�r Soctioa 5 belozv,a€ter ahich the adjuetable i�tx.nest rete
<br />— � , •;;::;: Y wfll pt�y mry change on t�t day followiug the new Tntetrst Feriod. Each dnto on which my�djw�tRble �ntermt rate
<br /> , '. could c�.nge ie called a"CL�nge Date."
<br /> °_ :. (B) �e Index
<br /> • i3eginnwg with tho firat Chango Date,my adjustable intereet rate will be bnaed on nn Index. 'Ibe'Indez"ie _
<br /> ttzo woakly avenge yieM on United Statea'frcasury Sxurities adjueted to s constant mah�rity af � �R� , '�^�
<br /> es mnda avsilable by the Faleral�'eservo Boud. The most raceat Index figure availnble ao af the da2e foiRy-fivo -_
<br /> r" �45�dAyB bCE0I0 CACIl C�16II$0 DASS 99 Cilltd W6'Currcnt Uxlex.' —�
<br /> , '� �, If the Index is no longez avttiltible. the Na[a Holder will choose e now Iudea which ie bued upon --
<br /> �a-.
<br /> compareble iaformation. 'I9�e Note HoSder will give me notice of thie choice. ==
<br /> - ,,.,.:��, (G� �lation ot C6anges '`-:
<br /> '��;.,:::�'�:'
<br /> - _ •� � Before each Change Date,the Note Holder will calculnte my new int�r�at n�te by adding �� � 3�'� � �.�
<br />� rce�a e iat e (�•750 %) to the Cumnt Index. Tha Note Holder will then rrn�nd the resutt of thie �°..
<br /> P� S P� () E..:,,~
<br /> �'' nddirion to tt�e a�ueat oneci�hth of ono percentago poinY (0.125%). Sud�cct W tho limits atnted in Section 4(D) -:�<<
<br /> 'r.�'r. \
<br /> _ • below,thi+munded nmouat will bo my new interest nta until We oext Chnnga IDnto. 1�.•,;-•�
<br /> „ , � ".. The Noto Holder will then detenuino tho anwuat of tho montWy payaneai tba�would bo suf�cne�t W repay �i,'`:;.f.
<br /> � ' We uupaid principal tbat I un oapected to owe at the Change Dsie in full on the Mutwity Date at my new interest �'�,�
<br /> rate ia substantisllY equd pay�nente. 'Ihe t�e�ult of Wi�calcuSntion will be the now amount of my mor.thlY p�yment• -:
<br /> . , N) Ijnnies on Inteaest Rate Changes .-
<br /> 'R�e interc5t aata I xm roquired to pay itt the fust Chnnga Daw will not bo goeater than 11.6Z5 q, or le�s ,?��
<br /> 5.615 ''
<br /> " tl�n %. Thenafter,my intereat rnie will ne��er be increased or decreaaed on Any einglo Changa'Dus by F°;�
<br /> , moro than��� pemir,nbtge point(s) ( 3.00 g{,� {rom the rsto of i�toresi I W►ve been paying for .
<br /> tho praceding Interest Peaad. My incerest rnte will uever be gteater Wiw 11.75 qo� which is ctdled tho
<br /> "Meximum Rato.
<br /> (E) Etfec¢�ss Date of Ct�anges `�� •
<br /> _. �:...,,
<br /> � My now interest rnta aiU becomo effec6ve on cech Change Date. I will psy the amount of my now monttily ,;,,•.�;�
<br /> pnyment beginning on tho fitst monthly p�►yment dato nfter the Changa Date until the amount of my wontlily f!.�i4'��
<br /> paynuent change9 sgnin. 4.
<br /> ' • (!�� Not�a of Qnngcs �
<br /> '[he Noto Holder will deliver or mail to mo a natice of nny chaages in my adjustablo inten:st r�ta en8 the
<br /> l' nmount of my nionthly �seyment beforo the effective dnte of any chango. Tho notice will in�lude+ in'formetion �'�'�
<br /> ° re;quirod by law to bo given mo a�also tho title and telephone mimber of e person wbo will s�wer any quearion I
<br /> may tuvo regasding the aotice.
<br /> ' (G) E(fect of Chaoge Option
<br /> � ` If I extrciao e Clunge Optioo under Section 5 below,this Scction 4 will not apply to calcWations of tho
<br /> • � Index ot the iaterest rate under tho Note or the Security Instrumeni,after such oxeroise.
<br /> . `- - : _ Ea. AWUSTABLE �V7`�RESI'RATE CgiANGE QPTION
<br /> !� 'llie Note pmvidra for the�orrower's option ro changa from sn ecfju;tnblo intc.rest rnto with interest rate �
<br /> �� limiis,edjuatab!e every �� M�� periad to en interest rnte with interest rato limib ecljustablo I
<br /> iover su�ch other ona(1)yeu,thsva(3)yeu,fivo(S)year,or soven(�year period(tho'Intemst Periad Options')ev I
<br /> I chooso,�followe: i
<br /> —'f S. AIDJUS'f'ABLE Q�17'ERES°i'RA'[E CMNGE OP'TiON j
<br /> � � � (� OJ�tion to Chao,ge Index s�xl Intcrest Pe�od �
<br /> �
<br /> t • I Mvo a Clv�nge Option that I can caereisa unlesa I um in default or tliia Sectioo S(A)will noi permit mo to i
<br /> — r' do so. Tho 'Chnngo Option" is my option to che.oge tho intcres4 mte 1 am roquirod to pay by t}us 1Voto from an i
<br /> t. �
<br /> e►eljustnblo intcrcst rnta zvith intcrest ratc limits adjnsublo cvcry 8� M�N�'� periad to an ,
<br /> ndju3tablo interest m�o with uuemst rato t'muts adjustntslo nRer ttso Intemsi Period Qption I chooso calculesed u�xler i
<br /> Sec¢ion 5(B)bclow. '
<br /> �.. „ The chsngc can only teko placo on n Chango[)ato specifcod bp ma.
<br /> �
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