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<br /> 11i[�/►DJU�1ABJ.E l3Al�k21I�L�It is mac�c l{do �./�`1x� duy of t}�i�:�2, 3.��3, r N1C��:]ILiC(1ijlGi 1Q!:iI IIlfO(`S'Q;.'��I! i - :
<br /> bc ciccnied ta amend sind supplement Ihe Nlottgage,Qced of'IYust or Securtty Dced(tlic"Security Instrumont°)af the�nuic datc given by =_
<br /> ,• thc underslgned(the"Sonowcr")to secute Bormwcr'a AdJustable i�te Notc{Ihe"Note")to
<br /> .� O�I'i�lL F'�II, �al�O�'1'�Qd
<br /> � (the"Ix.nder")af tli�same dnte and coverin�the property descdbcd in the Secutlty It�teument eaid�ocnted at: ___
<br />_ �
<br />', ; , . 1833 N�lN�XK. C� �F�LIAZD. HI: 68803 _
<br /> • [Proprtty Addnis)
<br /> ' TFIE NOTE CONTAINS PROVISIONS ALLOWING F�R GH�►N�ES IN THE INTEREST RATE AND TH�
<br /> MONTHLY PAYMENT. THE NO'PE LIMfTS THE AMOUPIT 7HE BORROWEO�'S INYEqESr RAT�CAN
<br /> �� � CHANGE AT ANY ONE TIME AND THE M/�(IMUM RATE TFiE�dPoROWER MUST'P�.Y.
<br /> ♦Y. .� �_
<br /> �7
<br /> - ADI7ITIONAL COVENANT'9.In addidon w the covcnants nad agrecmettts madc In the Security Iasuvmemt,�anrower nnd Lender
<br /> fiuthcr covenant und agree as followa:
<br />� � A. INTE�ItEST RATE AND MONTHLY PAYMENT CHMIOES --
<br /> " 'Ihe note pcovldes for an iNtiul lntcrest rate of 6,000 °.6.1he Note provides for changes in tho intcreat
<br /> ' � rate and t6e monthly payments,es foltows: .
<br /> " �b. IN1'�REST RATE AND MON"TF'�3.Y PAYNIFNT CHANC3PS
<br /> i � . (A) Chango Dates
<br /> The intemst rate I will pay mny chenge on the first day of P9yY ,19 95 ,nnd on t]iat duy evcry 6th�tonth =W
<br /> thereaftei.Fuch date on which my interest mu could ehange is aalled a"Chan�e Date"
<br /> .:, (B) Thc Index
<br /> , Bagirming wlth tha i3rst chenge Date,my intemst rnte wlll be basccl on sn Index.'Ihe"1�dex"is the wcels2y auction average
<br /> (investment)on 6-month utasury bllls.as made available by the Pederal Resetve Boatd.'Ibc inast recent Ittdex figure avallable es of the --
<br /> dnte 45 dnya before each Chunge Date is called tbe"Current 1nd�x.° �..-
<br /> � If the lndea is no longer nvniDable,tt�e Note Holder will cuoose rs new lndex wbich is baseci upon concparable informatfon.'11is Note
<br /> Holder will give me notice of thls choice. _
<br /> � (C) Culculntion of Changes � A�m mrm� tw Tf►pTi,'R�q -
<br /> Before cach CLangc Dntc,the Note Holder wiU calculate my new interest rate tiy ndding perccata�e polnb( 2.750 9b)
<br /> • to the Current Index.'iba Note Holder will then round the msult of tlils addltion to the nearest one-eighth of ona percentage point --
<br /> (0.125 k).Subject to the limits stated{n Secdon 4(D)below,this rounded aniount wiU be my new intcrest rate unW the next Chenge Qau. -s�..
<br /> ' 'Ihe Note Holder will then detcrmine the amount of the montlily paymcat thnt would be suff3cient to rcpay the unpaid principal that I
<br /> am expectcd W owe at thc ChanBe Date in full on the matarlty dute at my new intetest tate 9n substantially cc�ual payments.The result of
<br /> this calculadonwill be the new amaunt of my mottthly paymene.
<br /> (D) Limits on lnterest Rate Changes .
<br /> ' 'Ihe interest rate I em required to pay at the f3ist Change Date will not bc greater tliaan 6.750 %or less thnn 5.250 �,b.There- „
<br /> • aftcr.my interest rate will uever be increased or decreascd on any single Chunge Date by mote then 3/4 percentage points(0.750�} „
<br /> �, from the rate of Interest I Uave been paying for the preceding six months.My 9nterest tate will ncver be greater than 10.50(i6.
<br /> (L� Effect{ve Date�f Chnnges
<br /> My new interest rate wIll become effecdvc on cuch Change Date.I will puy the amount of my new monthly payment beg�nniag on the
<br /> f3zst�ontLly payment date aftcr thc Change Date until the amount of my montWy payment changes again.
<br /> (Fj NoNce of Chenges
<br /> 'Ibe Note Holder will deHver or tnail to me a nodce of any chan�es in my intcrest tnte nnd thc amount of my monthly pnymeat bcfore
<br /> � , • the effecdvc date of uny chsss�ge.'�e nddce wlll include informadon tcquired by lew to bc given mc and also the tifle and tclephone
<br /> number of a person wbo will answer any qucstion I may havc regarding the notice.
<br /> � A. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
<br /> - ' �. Uniform Covenant 17 of the Securiry Insmunent is nmended to reud as follows: i�
<br />_ 'IYansfer of the property or a bene�cial lntcrest in hotrower.If all or ssny pan of tl�c property or any interest 9n it is sold or unnsfetted
<br /> (or if s beneficisl interest in Botrower is sold or trnnsfermd and Borrowcr is not a nat�ral person)without Lender's prior written consent, i
<br /> ' L.cndet may,at{ts option,require immcdiate�aymcnt in fWl of all sums secured by tl�is Secwity Instrnment.Lendcr also shnll not cxercise i
<br /> # tlils opdon lf:(n)Botrowcr causes to be submitted to Lender informadon r�quired by Lender to evnluate the intended trnnsfcrce as If a new
<br /> . loan were being made to the trunsferee;and(b)L.cnder reasonably deterwines that Lender's securlty will not bc impaired by the lounn
<br />= assumpdon and that the risk of a breach of any covenant or agreement in thLs Secutlty Instrument is acceptablc to Lendcr. '
<br /> To the extent pertnitted by npplicable taw,Lendcr may chnrge a m.�sonable fee as a condition to L.ender's consent to the lonn ;
<br /> assumpdon.Lender may also require the uansfcree to sign an assumpdoa agreement that is ncceptable to Lcnder und thut obligates thc j
<br /> ' , trans�fetr.c to kecp all the promises and agrcemcnts made in the IVotc and in this 5ecurity Instrument.Bomower will continue to be �
<br /> '; ' obliguted under the Note and this Security Instrument unless Lettder teleASes Bortower ln wdting.
<br /> , , If L.ender exercises the opdon to require immcdiatc puyment In full,Leader shell gtve Borrowcr nodcc of acceleration.The notice j
<br /> } • shull pr.ovide a perlod of not Icss tban 30 days frc�m the dutc the nodce is dcllvcredor muiled within which Borrower must pay all sums
<br /> � � oo....n..11.v el.:u Co.....►w i..otw....o..t iF Cl..wr.wn.4e�te�....e.,�l.me o.•«.a...i...�..�1u...veirn�inn..f t1.7o w.ri.vi i..nil.s��nov invn4a onv -
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<br /> remedies permltted by this Securlty Instn�ment without funher nodce ot demand on F3otrowcr.
<br /> • - , BY�IGMNQ BELrJW,Bor_�ow.er cepis snd sgrees to the te:ms and covcnants contalned in dils Adjustablc Rate�ider.
<br /> ( J� �rn, �J�
<br /> � � � (Sonl) ��� � (J /U�C.('� (3eaq
<br /> ;��. .
<br /> , -f3ortow�r 0 -Borrowa
<br /> ' 1 �$BO�� �5@a��
<br /> � -Bonow�r Ouwwsr
<br /> �Sign Original Only j
<br /> �, . MULTISTATE ADJUSTABLE RATE RIDER-ARM 6-2-Single Fnmily-
<br /> Fonnio Ma0/Freddie Mao Un�form Instrument Form 3111/3/06 EC-3033(REV 03/93)
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