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<br /> THtB ADJU91'l181E M'I�RIDER M mad�thN�,4th _ _d�y af�ov�be� � 1994 �....._.� end 1.9
<br /> �., .,�.,�, •+�. W�d of Trust a SecurRy W�d(th�"S�curRy I��trumentOl • y�•� l� :�
<br /> '�` '�`"' haorporatad hto[nd sh�l M�rwd ta urNnd end tuppNmenl tM Moriprp�, ° °
<br /> ....._.-y��;�,;� ot th�wnm da�pk�n by Gw unG:rc;��:3(t��"Oera:::r')W e_s�ro Rnrtae:e�e ��,y��t±AM�R9te NOte(�h0'Note`�to
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<br /> ""S: "�SiY'� YLlZEc��conl�a7til�P/��[� ' :�:�"
<br />-- ':r 4;,.,.��'� (th�"I.ender')01 lM�a.�daN 4nd o0wrin4 Fho propwty doacrb�d h th�Slcudty InlKumm4 and loc�ted�t: -
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<br /> ' -��;i�'., `��:'�'�'� �1�3 W 71TM STAE T QRANp ISI�ANp. � '
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<br /> -:;;-:,:-,���.;�,�,�� ,, Ti�E F10TE CO��TAIrJS E�HOdlSlQN�Ao�.�WIMA FAA CHANQES iN THE IR;TEREST RAT�
<br /> '=;-`mr'�'��'�"»'� ''t,: AND THE MQNTHLY PAYI4AENT.Ti�E N�TE LIMITS THE AMOIJNT THE BdRROWER'S ' ''�F�-
<br />=�::Sa�'�,., �:'..` : . AAJUSTABI.E INTERESi RATE G`AN CHANt3E AT ANY ONE�1ME APID 4HE MAXIiUIUM HATE TH� � ' ''''';,'--_
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<br /> ;=`�•�;�.'�'�� .,��' BAFiROY+IER MUST PAY.TH� NO7'E NL�O CONTAINS THE OPTlON TO CONVERT THE . -
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<br />- .r:.�, �".., ApJUSTABLE RAT�TO A FIXED RATE. i;
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<br /> -'����� ADDITIONAL COVENANYS.In addkbn to th� covenante and epr�emente made h the Securily Instn�ment, eortower and Lender . ��.�.. ; -
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<br /> !�'s ..... . ' . IU11h6f COV6(111t11 Yft�asjliil Eis�OCiBiia. -•-ic�s':::±-- -
<br /> -."r`�`''`�'':'�'•� A. /IDJU�u1'ABLE RATE A�ID MONTHLY PAYMENT CHANGES t��"'},�-.
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<br /> .,_,1.� :;.,, . Tha Nota prnvldos for an bktal interest rQts of 7•76A'K• The Nata providea for chanQes k� the adJustabb htereat tate and • ,:r =_
<br /> �.ti�'�.:x�, � th�monthN MYmmif�aa folbws: •^�:.-:+� �/�
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<br />':�;,��,�;•�y�,-_., 4. ADJUSTA�LE INT�RCSr RATE AWD MONTHLY PAYI�ENT CHANGES .. ��_
<br /> :;-..�::r�•.,�;. ;. (l�)Chan�o Dates •r�-���
<br /> � The adjustYbi�bterost�fllY I w!N pay may ahYnQe on ths rrss day o�Deoember _, 1997 . and on thet ' 'y� s�uwx•
<br />"?`Y��-�''" day w�ry 92th month th�fter. Cach date an whiah my adJustabM htaast rate coutd chanye Is called a"Chanpe Date.' � :� ��
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<br /> . (H)The Index ' -
<br /> Bpttntlp wRh thY t�t�nanQa�iati,u��r aG�s�t�:�s=���;u��e�o,�nr�un inc�nY.Tha "Inda,�" Is the weacN nvernps Yleld ��:� --
<br /> ,� r on Unkod Staht Tnasury securkles tdjustod to a conaunt mawrqy of 1 your, ns mado aveltable by the Fedaral Resorve Bonrd.The moat ; � :
<br /> "• recent Index fipure�valiebi�a�ol the date 45 driye betore each Ct�inge Date Is called tho"Current Index'. ' �
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<br /> +• • If ths Indsu{�no lonper avaOebM.tho Note Holdar w�l chooee a new hdex whlah I�based upon comparable intormatbn. The Note "rt,� . �
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<br /> - 5 , . Kokfer wIN plw me natico of thls aho��. £
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<br /> _.:_� (C)CalculaUon ot Ch�nges ,�,s�`�
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<br /> ` ��'x�"'�� Eietore each Chtny�Dab, th� Not� hlokler wfil caicutats my new hlerest rece by addinp Two end 760/1000 Rercentaye .:.� .
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<br />::+_�;y�- ' � pok►ts (�_ 2•76�)to the Currcnt Index. The Note Noider witl then round the resuk ot thfs addftbn to the nearest onaefphth
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<br />:_T•iy�i�,�:• ., ot ona pwr:�nt�p�poht(0.12b74). 51�bJact to the IImRe sttted In 5ectbn 4(0) bebw, thb rounded amount wlll be my new Inte+est rate �.• : �'• �• �
<br />-=y+'+w�����- until the naxt Chanp�0�1�. ,
<br /> ^ • � ` The Nota Hokla wY Ihan tktermine the amount of the mont�y peyment that would be sufticlent to repay the unpald prinoipnl that I I ,��-��;�...� � �
<br /> ��^,.�;�;.:�'-^,,;����.° nm eocpected to owo at th�Chanpe Date h N1 on ths matu►ity tlete nt my new hterest rate In substantlaly oq�al paymonts. The re�uit ol �%
<br /> =y �,��
<br /> , , �'�`•� thls calcutatlan wiN be th�new�mount of my monthy payment. '=
<br /> �� ' �' � (D)I.Imits on Interest Rete Chan��s �•�:-
<br /> ' �` � The hterost rate I tm requtrec]lo pey flt the tirst ChanQe Dato wiJ not be yreater thfln 9 76096 or less than ' {f'!��,:
<br /> " '����'�''�`� �.760�i. fiarnarter,my hterest rate wiN nover be hcreased or decreasod on any ahyb Chanpo Duto by more than 'a- ,,'
<br /> '��1' TWO p[xcentaQe Dohts( 2.00_D%)hom thv tate of Interost I hnve buen peyhq tor tho precedhg 12 �ti;�
<br /> � months. My hterost nt�wW nevar be qreater thon 13.T6Q96,whlch fs calbd the"Maximum Rate.' �•
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<br /> r.�� �� ., (E) Eftectivc Date of Changea ` �
<br /> My naw ht»reet rate wN beaome eNeotAre on eaah Chanpo Oate. I wilt pey the amount of my new monthy payment boginnhp on � :, . ' _�
<br /> 0
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<br /> -� • t�. „ the ffrst mont�y paynnent date ufter the ChnnQe Oete untN tho emount ot my monthy pnymont chanpes ngnln. ,
<br /> '� (F) NoU�e of Chanqe� �
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<br /> '� ' 7tfe Nota HoldOr wW deltwr or mtH to ms a nottca of eny Chanpaa h my adJustahle hterest rate and the nmount ot my roonthy I
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<br /> �. , „ pAyment betore tho eHactNe dat�ot or►y chenpe. Tlie nol�e wRl Inoludo tntortnatlun rcquBcd by !aw to be pMen me and atso the titto und �
<br /> taiephone number of�porsan wha witl onaww eny quesUan I mey hava repardhp the not�u. • � i
<br /> -� °� � � B. FIXED IPITERESY iiATE OPTION
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<br /> �� The Noto provldes lor the Borrowe�o eptbn to convert irom An adJustabio hterest rete wNh hterest rate Iknftc to a(bcod Intorost rutv, � � •
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<br />- -------------------- ne rnunurs ' ' '-
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<br /> 6. FIXED INTEAEST RA7E COWVER�ION OPTt6N '
<br /> , � � :
<br /> � „ (A) Optloi� to Convert to Fixed Re4e `
<br /> • 1 hwe�Convo►aWn Uptbn whleh I can exa�cise unless 1 em h detault or thls Soatbn 5(A) will not parmR me to do so. i • � � -
<br /> Th�"ConvKefon Option'b my optbn to conw+rt ths hterest rate I am requtred to p�y by thb Note trom en nd�ustnble rnte with k►torest I �•
<br /> . �ats limks to tha f�cod nte calcut�ted under Sectbn 6��)bebw. ;
<br /> �: Tho convoroWn cu�onry taks phce on a datt�(e) cpecafed by the Note Holder durinp the porbd boghnhg on tho lirst Chunpo Outo ; � �
<br /> � , nnd end�np on th�fiRh ChtnQs�nto. �ech datn on which my adJusteble�►taost rete can convat to the now I�od rnto 13 cnlbd tho I �
<br /> `Conwro(on Dtce.' I
<br />,';,,�:- � MULTi5TA7E CONVER116LE A!?JUSTA9LE RAiE RIDER-Sfnpk+Femly-Freddle Mao UnNonn Instrument Fortn 3130 1fA8 ,
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