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<br />-':t�'j�.�':'�s'�''•`•a��`y`��� �iIS AnNSTABLE EUR7E R1DElt xstna�e tlils d'1!i day o8 C�6.�, 1994 '.und is 9nco�o�ted into r,nci shall =_
<br /> .�".°".�^�""�v.��`a",`� bo decmcd W nmond nnd supptement tbe Mo�¢gagc�Aeul af 1Y�ut or Securit��DeP.d(the"SecurIty It�trument")of th�c sem�date givcn by ----_
<br /> - :.�:::i':�;L'w_.:�:o'a QiC llR(ICT9��LICd�1h0°�OIfOWGLf��Q06eGll►2�('i"aiG'vJ�.Y�u Atl�i�.t:,.h1C�Ilt��Ot'.�.�1�1!:n�Otou��O i'-
<br /> � � y r`:�'� (the"Leadcr")of tha snmesnm�dau and vc��Pro����� h'�s�ent and lucaudat: ----
<br /> _ ,.�__�__�`:;.�;,,,;,, ����t3��"� �'P. C�tlil�D 3E�,AIaD, 2� 6A843 -�
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<br /> -�,;. �;. ..�. TiiE i�OTE�ONY�AIN��:;��I��LORlS�A�LL�!!4!I(��F�R CHANGE3 IN TN9f�1111TER�S'f R�AT�i1iN�J THE ��,.:.
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<br /> `'f�;.=r�� �r;��:�����` ' `� MONTHLY PAYMENT. 7�IE NdTE L[�ArlTS THE Ai1A0UNT THE�ORRO1WER'51111T�RES?'pAI�CAN{ -� --
<br />�' ��''`3``���`����`'�� ' CHAflIG�AT ANY ONE TiME AND TQi�IHAXIMiJM RATE TFi�BQiRROWER Mi1ST FAY.
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<br /> ^� � ADll11TONAL COVENANTS.�n eddldon ro the covena��s c�d agtamcnts cnadc ia the�ecurSty Instnuuent,Boxmwcr and Y.ender
<br /> '_'���,`;�• � �:; tiu�her coveunat and egncc as foUows:
<br />�. �``. ? � `_
<br /> > > A. IN'IEREST RA173 AND MONTHLY pA'Y[NkN 1 Cg�At�i0E3 �
<br /> `:k'� • � . • • 'lho noto pmvidcs for an lnititl inui+rstrato of 6.a00 9d.'[he Natc provldes fur changes in the inurest �,._.�
<br /> � . ' � rato ancl thc monthly paymsnts�rs follov+a: �'_�
<br /> � ^ 4. INTERG'9T RATB AND MONTNLY PAYMENTCHAKA!'S ��,=����
<br /> � � �. (A) Chnngo Datcs
<br /> �l9 95 ,nnd nn that day evcry 6th mont� '"t'-
<br /> F. � '[ho Interest nto I will pay msy ctungo on thc flret d4y uf 1�IL �;=_'�_
<br /> - �hcre�ftcr.Ear,h date on which my Intenst rate could chnnge is callcd s"Chengc Aate:' -��
<br /> h �?��
<br /> , (B) 'itie Index 'r•y�;-
<br /> • " Beginaing with the tirst cheago Date.my intetrst tacc wlll be based on au Indca.'fUe"Indea"is thc weekly aucdon avenge __
<br /> (investment)on 6-month tr�ess�y bills,es madc avallable by the Fcderal Resceve Board.ilie most recent Iadcx tlgure aveilnble es of the
<br /> � ' dato 45 days before eacl�Change Date is c a l l e d t he"C u r r en t I n d e x"
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<br /> If the indea is no longer a.valiibie,IfIL IVOLIS ItOIaCI tviL i:uu'v5c n++��.n'sx-;°�_�1-__''�'-""'n comnarablc infor[nation. e otc .___ .
<br /> � EIolder will givo me nodce of thIs choice. �;i';;
<br /> .�.;. . , (C) Calculadonof Chenges � Ai� Z�II� E�(3��TEO �,<
<br /> rcenta e ints 3.375 `�) ,,:
<br /> Before each GhHnge Date,the Nate fYoldcr will cnlculate my new interest rate by a ding lx 8•p° � '�;;';:
<br /> ° t o t h e C u rnnt Index.'Ihe Note Holder will tlien round ttie ns�ilt of this addidon W the near�lt one-eighth of ane petcentnge point �_�:
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<br /> � (O.IZ39b).Subjec�t to thc limlts stated ln Secdon 4(D)below,this mund e d omount w i U U e my n e w i n t e t e s t rn t e u n d l t h c n s x t C h a n g e D a t e. ��,,,.
<br /> ' 'Ihe Nosc Holder wUl tLen detcrmine the amount of the monthly payment that would ba sufticient to repay the uapaid ptlncipal that I s'�,�,`
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<br /> am especud to owa st the Chsnge Dau+in full on the me.nutty date at my new interest mte in substnndally equal paymcnts.The result of :,�
<br /> this calculatIonwill be the uew nmoimt of my monWly pnraenG
<br /> • , _�: , � N) Ilmits on Intemst Rcrtte Chunges
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<br /> � The iatcrost ratc I um ceQuircd to pay nt the fust ChFSnge Duta will not be 6reatcr than 7.150 �,or less than 5.650 %.'Ihcrt- .
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<br /> • � � after�my lnterest rate w3ll never be increascd or deczeasedon any single Chnnge Dnte by more thnn 3/4 percentage goints�0.7509b)
<br /> � • ' from tha rnte of interest I have been paying for t�e preccding six months.My intetest rnte will never be greatcr thau 10.90Qb.
<br /> � ' • (� EfQ'ecdve Date of Chenges ..
<br /> ��` My new intcrest rate will become effecdve ott ench Change Date.I wiU pay the nmount of my new montt,ly payment heginning on th� ��..,,,
<br /> ''' first monthly payment date nfter the Change Date until the axnount of my monihly payment changcs again, ;;:i'
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<br /> , • (E�Nudce of Changcs }
<br />-_,;L Pha Note Eiolder wlll deliver or mnil to me u nodce of avy ehanses in tny interest rntc nnd the amount of my montWy paymcnt before
<br /> �?�'� •, � the effecdve date of any change.'Ihc notice will include infarmaHon requimd by luw to be given me und also tlae title and telephone `,'
<br />_ '�.. ' . . number of a per'.,an who wlll answer any question I muy ma��ra8ntding the nodce. «::. ..
<br />�:�r,;.: ' • B. IRANSFER OF TEIE PROPEEtTY OR A BENSFICIA 7..INTEREST IIV BORRO`�t �-;�:�
<br />-'�°" Uniform Covena.nt 17 of the Securlty Instrument is ameadcc7 tu read ns follows: �;,_;;
<br /> '� .�. � ,. 'I�ansfer of the pmperty or a bencticlal int,er�st in boaower.If all or auy part of the properry or any intctest in it is sold or transferred '.:,,,
<br /> � � � (or if a beaeftcial intcrest in Borrowct is sold or transfemed and T3otrower is not a natur�il person)without Lendcr's prlor written consent, }_ .
<br /> ;! - E.cndct mny�ut its opdon,require immedinte payment in full of all sums secured by this 9ecurity Instrument.Lender nlso shall not exercise f•.,'.
<br /> � t W s o p d o n i f:(a)B s s r ro w e z c auses to Ue submittcd to Lender infermndon required by Lendcr to evaluate the intcnded transferee sis if a new
<br /> s
<br /> loaa�rere beimg m�de w the traagferee;nnd(b)L.endcr masonably determincs that L.ender's sccurity will not be imp a i r e d by t he loan ���
<br /> - assumption nnd that the tisk of a brcach of nny covewiat nr ug�eement in this Sccurfty Insuunient is acceptable to Lendcr. �
<br /> wa
<br /> a �� ` To tho extent permitted by applicable law,Leader mny cLnrge n r�asonablc fee us n condidon to Lender's consent ro the loaa
<br /> �
<br /> � �� assumpdon.I.ender may aLw requirc the transferee to sign an essumpdon ngceement thnt is acceptable to Lender nnd tvet ob gatcs e I .
<br />: .. . � _
<br /> : „ . ttnnsfercc to kecp ell the promiscs and agncmeats medc 1n the Note and in this Security Instrument,Borrowcr wiU continuc to be
<br /> �' • ° obliaated uudcr the Note and this Sccurity Instrument unless Lendcr rcicases Borrower in wridng.
<br /> --------- . _ .. _ . . .. _�_._.�_�.Y.....a,.e..v o..,wlarnHnn'Ih�nntic�
<br /> " ' If Lendcr exetcises thc optfoa Yo requlre[tnmediatc paytnent m ttu�.t..enaar snan g�.��.,�,.,...,,...,.........____.-------- - �---
<br /> ': � shnll provtdc a pertod of aot less tlzan 30 days from the date the notice ls del�vcred or mniled within which Borrowcr cn+�st pay all sums
<br /> , sccund by tWs Seeurity Inssrumcnt If Borrowor fniLs to pay t�ese sums prlor to the expimflon of ttils pedod,Leuder may invoke any `
<br /> rcmcdics permitted by this Security Instrument without futthct nodce or demand on Borrov�cr. ,
<br /> . F• � BY SIONYI�'G BEIAW�Bomower accepts and agtccs to the terms and covcnnnts contnincd in tl�is Adjustuble Rate Rider. i
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<br /> ' MULTISTATE ADJUSTABLE RATE RIDER-ARM 6•2 -Sin410 Fomily- EG-3033(REV 03/93) �
<br /> • Fnnnio Moe/Froddio Moc Uniform Inatrumont Form 311 1/3/86
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