|
. . . F .,z ri . i . � w rC- ....-� . . ,
<br /> 3- � .� _
<br /> � 'S �� - .<, . � ' '- '- . ` -_�.�- � c = ' -
<br /> �+¢ 4', , �;,�' ` �" " ' • ` - < . _.., _�, F , r t °E s F r r�t�'� -
<br />- `;t .�e^ S 4 �� fc'' -<. . ,Y. t 4'S..�ft 1 . `f, . F .,,� ' S t;. �,;,'j�.HL+�MCic�$6.�+- _
<br /> '_'�t ���^''. '�„ ' .. i"�t� f�kP . �y.- i`: r c t:� .t F t`Ci ��'�'1.{�t.� "�ti.-"4° � �ut"�`a��� {,`� T ` -��s.� _ -�
<br /> r -��� :r `� j,. '�r- c `.
<br /> `��-°pr�^�'-'�4<.',:,�._ -�} v':- .v i[.. i r_ �``,:-. c �O' ._ - -�o--- --� s���=-- - _ -__ - .
<br /> .<.r_-! f -£ . � •� � � . .
<br /> _.�y;...�w�,,'�=�' � , ` � ' ' , -
<br /> �da.Y�r ��" . . . . . -
<br />- "«�`�r,jY� -'��F` . . ' • . • , . . • � . , ' . . . ; � • �.
<br /> �`:�:�,.Ar•�.``�' �. • s � ' ' , _-
<br />. - __c;,.}_-.t,.£ a . , . , . - - . . . � -
<br /> =-.�Rr�:.`pi.�z'Y'�<: . � . � .. � . � � .. - .
<br /> � lV� ��y,�•:i: ` - ., ' . ! .. � .
<br /> ` _����=}=_ . . . �`H�A 1�iUI.T�S'�A'I'��D.�B.1�'TA��.��A`�'��81DI�R . _
<br /> �� __f��_�," • . ` i��`�'.���3�� •-
<br /> -��=���=..,.�Y`,� ' .
<br />-_-...T ii.t��. i � . - 1 � . .
<br />`_.�`«' �. � � ° � THiS ADJUS7'ABLLF RATE RIDEFt is made thia , alay of : , _
<br /> �::.�`��. .•�1.•.:�.,;`< <' �g - aadisincorporut�dint�a�n��shallbedeemcdtoatnendandsupp��ent
<br /> =` �" ' ` the.�rtga�'e. Dee� Qf "Ih►st or Security Deed f"Security laswmeat") af the sam� d�t�; �jvea �y the eucdersi�ncd
<br /> - -y �'�c ' � ("Botrowef`1 to secure Barrmver's"Note t"Note")to . - • - .
<br /> . r ' -` • . , .
<br /> ---=��== --" �
<br />-`:L,.,-� '�` ` t9DL1X'�iBUS FEDEFtAI. SAV i I@(�S @AS�t .
<br /> ?'�g.#�i���::���'``} , , • . . . , ` � —
<br /> _���gf:.�;�-is_ ` � . � . ,
<br /> �_.� , i_.:,� , (the"L.endei)af the sam�date and covering the�vperty descdbed in the Setur�ty Instrument artd l�aied ei:
<br /> .. �. �. '
<br />�'�� ��: .
<br /> `�h�� 1316 M1EST �Tki STREEF' .
<br /> ��=-� .;_ _r�'�: - . , .
<br /> � -� . f,�.., CAAI� iS1�AD, tJ� 6@80f � � ' `
<br /> n�'=s .�` � �. .
<br /> t y ���- .
<br /> 4 .y.. s� ,�` . . �p��AdQte�sl ' —
<br />_��-_�.='�;r?a4�-.�yi+..r . . .. . . � .
<br />_.�;�`�`j.�_'',..'''<..r ` � . ' ' ' ' .
<br /> � ��� W .h �
<br /> �+t}_: `• T�iE NOTE CONTAIKS PROVISIOIVS A4LOWiNG FOR CHANG�S tl�i 'I'HE• .
<br />�;;�•:•��. ��'_' INTERFST RATE AND THE MdNTHLY PAYBriEN'G 'Ff� NOTE �.IIVYTj'� THE. : .
<br />:'';�:�� : •� ' AMOUNT 7'�E BORROWEIIt'S I1�iTER�ST RATE CAN CNANGE AT ANY ONE TI'.�1'E_ •
<br /> - �':-.�•!�-�;� • ANDTHEMAIQMUNYRATE'i'HEBORHOWERN�tJSfPAY.
<br /> ';� . . .
<br /> _::4, . ' . � . . . ..
<br /> ..--=--- --_---- --- . ._. - . . . _ _ � ..
<br /> , . . . �
<br /> . .. . � � .
<br /> . • ,.^,:���.. '.IfiBDI'iTONAL CC�YENAi�ITS. In addition to the �venants and agreemenu m�de �r► the�Securiry In�:irtent. �
<br /> �''»�N�� Borr�stivr�and i.e�der further cavemm�t and agee as follaws: �' �
<br />.x�;� � . • ' � . .
<br /> '''X'� , . INTEREST R/�'IE AND MONTHLY PAYMEA{T CHAI�lGFS • ` �
<br />`:�',t•i
<br /> ��.'�y•,�. . [A)Ct�angeDAte ; .
<br /> , "C�e interest rate may zhange on the first day of Jgny��.y �� jgg� .and ci�at day of eacA succ�e2�i�r�year. .
<br /> �_ "C�ar,ge Date means each date on which the irterest rate cnuld c6ange.
<br />,�.��.�' �: - .. . (�1 Tde Iades -
<br /> �,�• :.;;` � . • �
<br /> t5�iru�ing with the first C[t�zg�Date,the interest rate will be based on an Irtdex. "Index"means the weekly��rerage .
<br /> , ��± ` ' . ��'` yiet�i an United States'Ii�asur�.��urities adjusteci to a c�,.st:�:t maturiry of one yer:r.+s:�e avaitable by.the��desal
<br /> T����,:• :�==�'= Reserve Board. "Current Index'�ns the most recent In�.:.�BC,sre av�i1�:.�te 30 days before the Ch�n�e Date. If ihe Index
<br /> - `'"�j�•�-�=�� ��� (as defined abovej is no longer availabfe.Lea�:r will usc:ia 3^ew tad:��auy index prescribed by tha��etary. As used in
<br /> w:�{jF.-�. -)n:
<br /> -,.. this Itider."Secretary"means the Secretary af i�ausing ar.�Ehban 4Teve��ent or his or her desig�n:e: Lendet wil!give
<br /> . • ,. Bmrower notice of the new Index. ' �
<br /> .. ' . 4�) Catculation ot Imterest Rate Chaa�ges �
<br /> ' • �� . ' �efore each Change Date.Lender will calculate a new interest rate by addin�a mur�in of �: c�,
<br /> . . . , . � pezeentage
<br />_� " . _ • poi;=t„t Qa�a �/o) to"i[;e u�rrent Index and roucdir� the sum to the nearest oe,�-eighth of ane percenta��-e point
<br /> ��, (OJ25�/o). �i�bif:�ct tothe limits stated in Paragraph(D)�f this Rider,this rounded amcurr will be the new interesl rate until
<br /> �;,.,r - • � � the next Char��e I3�te.
<br />.� ' , � � dD) Limits on Interes!Rate Cnanges
<br /> — ' � The interest rate will never incrcasc or decmase by mr�re than one percentagc poir.s(1 A�/o)on any single Char:,;e Date.
<br />- - ' • The interest rate wiil never be more than fivc percentage points ISA`c)higher or lawer than the initial intcrest rnte.
<br /> - : (E) Catcutation of Payment Lbange
<br /> � . . . , I(the interest rate changes on a Change Date.l.ender will calculate the amount of monthly payment of principal and
<br /> - � � interest whiCh would be necessary to repay the unpaid principal balance in full ai the maturity date at the ne�v interest ra�te
<br /> -- . � �•� ', throu�h substantially cqual payments. fn making such calcutation.Lendcr will uxe the Unpaid prinsipal balance which woutd
<br /> - , . be owed on the Changc Datc if'thcre had been no default in payment on the IVote,reduccd by thr amount of any prcpayments
<br /> - %� to principal. 'The result oP this�calcufatian will be the amaum oP the ne�v monthly paymem oi principal and inierest. , -
<br /> - . � (FI Noftce ot4hssngcs
<br /> , � Lendcr wilt give nmice to Borrower af any thange in ihe interest rate and monthty payment nmount. The notice must
<br /> _ • � -. � � be given at least 25 days 6efore the nea manthiy payment amowt is dur. and must tiet forth li)the date of the notice.
<br /> _,�'. . (ii)the Change Date.(iii)the old intcrest ratc.(iv)the new interest rate.Iv)the new monthly payment amowt.(vi)the
<br /> , • , Current index and the d;ite it�vas published.(vii)Ihe method of calcutatin& thc changc in monthly payment amount.and
<br /> •�.%: (viii)any other informalion which m�y be rcquired 6y iaw from Iime to time. 291
<br /> . . • ere,�tau9�:unr�r�a.�L�■
<br /> . . • . �..: . •
<br /> —. _ - = ---._
<br /> _ . . - . . �' (IIId6�I�61T� . . l f�:i.CC I C��F'1::r1} t¢t!'u.£�!E�?`_•??�.o?u�n 4�1!R1679Ai 3
<br />...��. . � • ,
<br /> cf��• � � ' � _
<br />..'- . . ` .. .
<br /> _ ' . � .
<br /> .. �..
<br />
|