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<br /> � '1�i1S AD�11�Tt�8LE YtA'�'E R1D.EP,is m�sie this . �4s� ` .
<br />__ a��' '�g� . � • a�td is incorporated into and shali ba b°�r�ed to amend and su�Y:ment _
<br /> - . � the Altott�e. D�d oY t'�usK or �ecurity i?�ed t"��iS+ �ment") of the sama cY�tte �ivei� be ct� eind°rslgned --
<br /> _ �°Bprroive�')to sECUre Barm�ver�Note("Note"1 m � , --
<br />_= . �01.1�'BIJS FE�3ERAL SAV t!� �AI'�K
<br /> • tthe"Lendet'7 of ttse same date and rnvering the pm�erty descn'6ed in the Seeurity fn�ttument an�located aC ,
<br /> = � 162� N tttJ5fGi+1 A�FEt�lE - ` '
<br /> ys Qtqsp ISLAI�. t�E 6E8�3 ' .
<br />:'s (pcopertyAddtets) • , . ' �
<br />,-� THE.NOTE..CQNTAIN� PROViSIONS �1LLOWING FOR CHANGE� 1N 'D'NE �. ' .
<br /> ;�:,� . WTEItE5'� RA'['E AND THE R4tlNTl�II.Y PAYIVIENT. '�HE NOTE LIMITS THE —
<br /> ,� pM0(J1�T THE BO�lROWER'S����►TE GAN CA.�I�IGE AT AIvY ONE TIME
<br />:.4� . � ( AND'd'f�l�1IAXIlViUM RATE THE BORROWER MlTST gA2G , _ - —
<br /> F..� . . . .
<br /> � �.
<br />��� � . . , . .. . • ��?�—
<br />�..'� - � � � • . , . , . .. �.
<br /> • ' �� �}TIONAL COVENANi'�- In.addition to the cav�+:�ts and"�menu r�ade in the Se�-�'�tY insuume�u. --
<br /> � Bosrower and l,2nder funher coven�'and agme as foltows: � . _- _-
<br /> , . . �NTEREST RATE AND MONTHLY PAYME'�''�'CHAIYGES
<br /> � (A1 C6ange Date � .and thai da of each sacceedin�year. -;fi.
<br /> ;�_f 7he interest rate may change on the first day of Januar'yv 1 s 1996 Y ...•
<br /> - "Change Date"memns ezch date on wfiich the interest rate could d�ange.
<br />���� ' ' �' `�"�f ,.`.i
<br /> (S} The InQe&. ,.
<br /> geginning with.ne first Change Dace.the ir.�st rate will be based an an(ndea. "Indea"means t1�e weekly average {a; ~
<br /> Securities�ad'usted to a constati� maturity of one year.as made availabte by the Federal .:a-
<br /> -_.� yietd on United States 7ieasury 1 ���` �
<br /> :•sF'y_,--=
<br /> -- Reserve Board. "Current Index"means the most recent lndex o�ure available 30 days before the Char►ge Date. If the Index ��
<br />--�`� (as defined above)is no longer available.Lender will use as a new Index any index prescribed by the Secretary. As useA in �;��-�°
<br /> �,-----.�
<br /> this Rider."Secretary"means the Secretary of Housing and Urban Devetopment or his or fter designe�.. d.ende�'w�ii give N=;:=�_��°�
<br /> �S�F�r °[�:K?�J
<br /> EV\.7�:y.�:i-��tw=-
<br /> Borrower nottce of the new Index. . • . 'r{` �•-� `�"����
<br /> , � '.��=
<br /> . r::���'�'�'-
<br /> � (C)�Caicafatton of Interest Rate Chaages
<br /> - Before each Change Date.Lender will catculate a new interest rate by adding a margin of , , ��� ,✓°,�_-
<br /> .. : ' . <,
<br /> -• : pec+centage �7��., :��?,?s.� �_.
<br /> ,.: , � ,
<br />-`''S=Q� ' PaIn�� 2.0000 °!o)to the u-�r:nt index and rounding 11� sum to'he nearest on�e'sghth'of cn% �eercentag�(��sint
<br />•=_��r� (p,1259'0). Subject to the limits suit�d in Paragraph ID)of thiy.[ii�cr.this rounded amaant will be the ne�v irstemst r.�.euntil . , _
<br />_ =- the neat Change Date. . "� . . . =
<br /> ''°�� ' . 1D) Umits on Iat�resii�.Changes � . . �
<br /> �''_`-� The interest rate will r�v�s ini�ease or decrease by mc�r��han one percentage point(I.O�Io)on any single Citange Date. �
<br />'�'°"�"3 The interest tate wi11 never foe�r�rm:than five percentage poinis(S.U�/c)highcr ot lowerthan tha initial interest rate. . �p��.
<br /> _ . , , :,,�,.;�:•
<br /> - ,:. (E) Calcala.�ir,a alPaymeat C6ange .re�t of princi al and -:� • � -
<br /> I'':Q �f�e interest rate changes on a Change D�te.Lender will calculate tive amou�t of monthly pay - P � _
<br />�=_.`--: 'interest which would be necessary to rep3y the unpaid principal balance in full at the maturiry date at t;�e new iaterest rate _
<br /> -. thmugh substantiafly equal p�yments. In nealcing such ca(cutation.Lender�vill use the unpaid principal balance which�vould
<br /> be owed on the Change Date iE them had b�en no defaul�in payment on thc lVote,reduced by the amount of any prepayments „ _
<br />_ to ptirccipal• 11►e result of this calculation wili be the amotmt of the ne�v monthty payment of prirtcipal ar.d interest. , : _
<br /> � � {Fy Natice a�Cdanges . '.
<br /> �"� Lender wili give notice to Bmrovrer of any chanr,e in the interest rate and manthty p�yment amount. The notice must ,,:
<br />''��` �' be given at least 25 cluys befone the new monthty pa�rment amount is due.and must set toM ti)the date of the notice. � -
<br /> ' (ii)the Change Date.1���)the old interest rate,tivl the netiv interest raie.Iv)the new manthty payment amaunt. �vi)the
<br /> •Cutrent (rtdex art�the datc it was pu6lishcA.(���1 the meihnd of calcut�ting tDe rhange in manthly p�ymeni amount.arld ' • _.
<br /> •• � � (viii)any other information�vhich m�y be required by law from time to time. Zg, • •
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