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<br />_-- TlEiI5 AD]USTAAL�3 RAT�RIDBR is nu�de tt�is �Q"r'Mday af SEF'T�.MP�E� , 19 94,ancl is _
<br /> ���i� �slull be deemod to �tsend end supplement the I�artg�ge, I)ood of Trust ar Securlty L7ood (che
<br />-'-; ':Se3curity Insmuiient'�) of Qte�����t��i�`,�anY,�,���`d�rsl y� (the"�°n'°wcr") to secure Borrower'e,AdJustsble __
<br /> Rnu Nae(the Nocc )ro �
<br /> (the"�cnder")of the swne date and covering�hc prape[ty descr[botl In
<br /> cho Socurity Irstnuncnt end lacatod at:
<br /> 231 COMMANCk� AVE ORANn I8LAND, fVE 6B903
<br /> [p�cpertY Add�essl
<br /> 4H�t�l0'i'E CONTA�tiR PROVISlONS AI.LOY�96NGi FOR CN/lN�iFS IN THE INTEREST MTE
<br /> — AN�f TFYE MONTNLY PAYMEPIT.THE NOTE LIIWITS vME A�AOUNT THE BORROWER'S
<br /> __ INTER�ST RKt�C1lN CkANQE AT At�Y ONE TIME APlD THE NIAXIAl1U1A FiATE THE BOR-
<br /> - FiOWER NIUST PAY.
<br /> e►�ONR�.CovxrtANTS.In addition to tl�o covenants and agreements wade in dae 3ecurlty Ynsuument, BQrrow�er
<br /> and L,eader fu�her covenant aad agrce as follows:
<br /> -- A. IIVTERFb"I'RA.TE AND MONTHLY PAY1V��1�IT�5b NGES
<br /> ="- The Note pmvides for�n inittal Interest rnte of �. The Note provldes far changes in the interest rnte and
<br /> the montl�ly payments, as follows:
<br />."� 4. IN'I'ERFb�'i RATE AND MONTRI.Y I'AY1ViENT C��NGES
<br /> (A)Chao�e Datrs OCTOBER 9S
<br /> --- T6e tntenst rau I will pay may change on the first d�y of , 19 , ana on thxt day
<br /> — every 12 MON'fHS �ereafter.Each date on wIush my interest rato wuld change is callai a"Clun$o Date.,•
<br /> _ (B)'1Le Inuex
<br /> -_= u. ; o �h thr_. fir�t Chanae Date. my inur�st rate wlll be hased on na Inde� The "Index" is tLo weekly
<br /> - average yield on Unitod States Ti�easury securid�s adjusted to a a�nstant maturlty of yeaKs), as male avaiiabie
<br /> -� by the Fakral Rcserve Board.'I9ic most rect:nt Indea figurt available as of the date 45 days before each Ctiaage Date is called
<br />.�� the"Cur�tint Indtx." ._
<br /> == If d�e Index is no longer available, the ]Note Holder wW choose a new lncdex which ie based upon comparable
<br /> �.� infcrmAtian.The Idote Holder will glve me n�t+oe of this choice. --
<br />� (G�Csk�laHon ot Chaages TWO AND -
<br /> -- Before each Change Date,the Note klolder wlll calculate my new iaterest mte by adding -
<br /> :_� 3EV�N-EIGHTHS ��nqg�po��y � 2�a75 ggj��e�urent Index. The Note Halder wW then rauud the
<br /> �� result of this addidon ro the nearest one-cighth of one perceatage point(0.12596).Subject to thc llmit9 statsd in Sectioa 4(D) ��p
<br /> -- below�this rounded amount will br,my ncw interest rnte until the neat Change Date. - ^-
<br /> - The Note kiolder will then deurmint the amount of the montWy puyment that wo�ald be sufficient to repay the ��;
<br />,_. .� unpaid principal thet I am eapceted w owe at the Change llate in full on the maturity date at my new inurest rau ia �,�,
<br /> "":i subsrandally equal paymencs. The result of this calculadon wW be the new amount of my monthly payment. �..
<br /> -�� W)Llmtts on Interrs�Rate Ch�nges 8.250
<br /> _�� 4.2 J�terest rate I am cequired w pay ot the first Change Da4e will aot be greater thnn 96 or less than
<br />_�-� 96,'I�ereafter.my intereat rete will never be Increasal���e�c�on any singl� Changc Date by more � ��-
<br /> �., � 7WD ����g� po��v ( ) from nry initial �o,;e y��f inter�est I
<br /> ':�;�
<br /> have been paying fur the preceding twelve months. My intemst rate will never be greater thun "` `70•
<br />- � (E)E�ecdve Date oi Chwges
<br /> . My new interest rate will become effecdve on eacfl Change Date. I wiil puy the amount of my new monthly paycnent .
<br /> _ begirmL�g on 4he first monthly puyment date aRer the Chssnge Date uatil the amount of my montlily payment changes
<br />_ e� ..
<br />- " (F)N1Mke of Cbanges
<br /> Tho Note Hold�r�vill deliver or mail to me a notice of uny changes in my interest rate fu►d the amount of my montlily
<br /> paymcnt before tbe effcxrive dute of any change.The uotice will includc informntion required by law to be given me and
<br /> nlw tho ddc aind tElephone number of a persun wbo will answer cu�y questlon I may hnve regarding t�e nod�:e.
<br /> '� B. '�RANSFER OF'1'�IE PROPF:R'1'X 03�A DENEFdC�I.INTEREST IN BORROWER
<br /> _ Uniform Covenant 17 of the Security Instrument is amended to rcad as follows:
<br /> `"�� '1'ransfesr oi the Pruperty er a Beneilcial Interest tn Borrnwer. If all or part of dic P�operty or uny interest in it is
<br /> •;=:� sold or transfeaed (or if n beneficial inurest ln Borrower is sold or transfemd und Barrow�r is not o nutural persoa)
<br /> '� without I.ender's prior written covsent, Lender may, at its option, roquire immediate paymcnt in full of all sums secureci
<br />--�?� htt dtia Crrnri�ar inctn�m�nL HOWCVei.this ontion shall not bo e�crcised by Lender if exercisc is prohibited by fedeml Inw
<br /> as of tLa date of this Se,curity Insuument. Lender also shall not exer�ise ehis �pHon if: (n) Borrower causes to be �-
<br />` submitted to I�ender information requtred by L.cnder t�ovnluata die intended trnnsferee as if a new loan were bcing made ,
<br />" to the transferec; and (b) Lendcr resonab�y determines thst Lender's security will not be imptired by the loan
<br /> asaumption and that tht dsk of a breaeh of any coven�nt or agccement in this Securlty I�wuument is acceptc�ble to
<br /> L�ender. �
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<br /> MJi.YitiAiE ADJU9TAa�E RIITE HIDfR�5lnple Fumy—ir.►nN MiNlFnddl�kt�c Uelicrm InaWrtnnt Form 3ttt 9/s5 I.
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