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<br /> --=w+��,�u;i'�:,:r,w;� THlS1ADJUSTABI.F.RATt R16fR M m[ds Ihis �4�_.._.day of pQ�01'11f�� .�',�_ .end I: _..,_�.
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<br />_A,�;,,-,-. .�'�'� K InCarpu!eted k�to and ah�N h�d�Mn�d tu omend tnd auppqrnant th�MortpaQo,Ueed ol TNat sf►8eourity Desd(tho"Sacurriy InstrurtNnt")
<br />=__�:} .•�� ; �, of th• unM deN pFran by th� und�elQn�d (tho "E3cvroWa') to socur� B�rrowa�o AdJusta.bb Ratw Note (ths "Nota"y to �r,_.
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<br /> � +�.�'+�t �,j�,�EA EBR �,KA BA�1K. QRAND j�1.a1�ID _
<br /> ,�,_:. � � (th�"imdw') ot the eama date an�i cowrMip tha prop«ty 6�sorlbad In the Sacurity Instrument and bcat�d�t: �''
<br /> �"'�"'��'�� - ?2� 1 S G#JR'gl.�i �RANp ISI.AND NE 68A03 �y -
<br />-=�= :.:.a.:ai'.': P.00:ri��aarue �+'�::
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<br />_=:;:,':�''... THE NOTE CONTAINS PROVISIONS ALLOYf11NG FQR CHANQES IN THE IN'�EREST RATE '��.�_
<br />"�`'��'���������'- � AWD THE NIONTHI.Y PAYMENT.TH� NOT� L.11411TS'PNE AMOUNT TH� BORROWEFi'S '��`- �
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<br /> _---�,,;,��;;;�;};. ,� INT�REST HATE CAN CPtANGE AT ANY ONE 7lPAE AND THE NIAXIMUM NA�� �H� - _`-
<br />��:' •?:,�� . BORROiN�R MUST PAY. °
<br /> -. 1N�+1\Jf���• �� .i -_.
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<br /> _ ADDRIONAL COVENANTB.M 4d�lftbn to lhe covenents end apreercante mad� tn the SecurRy Instrumant, Borrower and Lender(urthar ` .
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<br /> __;;:-,;_.,::_': covsmnt md ayree as tollowa: _
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<br />-�`'���..-=.�>; : . /4. INTEREST RA7E AND MONTHLY P6�A1��41ENT Ci�IANQES
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<br /> �� � • Tha Nofeproutdas tor en hkial Nterest rate of fi.G�O%. 1'he Nots provkNs lor ohanpes In tho fnterost rete end thp monthly
<br /> =•:f.��'tii , pAy(11!(It9�R�IOIIOWS: �:��;-
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<br /> �'.'`��''^,`:` '�,:' 4. INTEREST RATE AND NAON7HLY PAYMENT CHANGE� _
<br /> �=:_�
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<br /> �,;':T':.�.. ,. (A)C6�enga Dates [�.::�
<br /> 'y � , The intorest tete I wtll pay mey ahenqe on the 18t__ dny o}DeCEmbE1' .1996 _, and on that day evory f
<br /> � � _�� M���,�y =w wwN ��,p e�o��W�Inh my Intaragt rntw could chIInaA 19 CHIIed� 'Chan9e Date'. t __
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<br /> ,:.�=, .. (B)Tine Index -
<br /> =,-�,�:. • ^ 89yNninp wkh the fkst Chnnps Date, my h2�rest mto will be based on an Index. The'index" Is the weekty overege y(eld on Unked =.
<br /> '��•;�.� T� 5tQt8�7'rA9SUry Secarit�e9 adjuSted(A a o0nst8nt►natudty Ot 1 y88r,as made avaNabfs by ihe Fedorel Reserve Boerd. The most recent tndex - _
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<br />' �' tipuro Avallabte as oi the date 45 days botore eaoh Chanpe Date Is called the"Cumnt Index". -_
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<br /> �• If tha tndax Is no longar avaflable, the Nole Hotder will chooso a new hdox wh�h Is based upon compamble Intormatbn. 'fho Note
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<br />--� .i� Holder w�gke me notbe of this cho�o.
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<br /> _ --•r�-�::�-� (C)C�Iculatlan of Chan�ea �•�=�
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<br />_-__ :�:���;;;;;;, Eietoro er.cA Changa Date,the Nofe Hotder wtii catculate my now htore�t rate by adOh9 TWO Q�1d 500/10(10 _ perr,entaye � '�-�.
<br />�-�,.r•'�"'�'���' • pohts( 2.50096) to the Current Index.The Note Holder wiU thon round tha rasuk ot thts addition to the nearest one-efphth ot -
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<br /> -.==�.=��'� ' one psrcentago point (0.12696�. SubJeot to the Itmtts stnted h Sectbn 4(D)bebw, th'a roundod smount will bo my new Interest rate untll the
<br />-���'''"`��� next Change Date. � -
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<br /> ` `'�'`'` fie Note Holder will then determtne tho amount ot the monthry paymer►t that would ba suHiclent to repay the unpaid pnc�tpel thnt 1 am �
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<br /> "�' �'°� � exp�ctad to owe at the ChanQo Date In fu01 an the maturity date at my naw Interes! nta In substantialy aqual pnyments. The resuR o}this .
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<br /> .�.::. •• .: r; ca�uhtian w�l be lhe new amount af my monthy paymont.
<br /> ; ' ,': _ (D)Limitn on Intereat Rate Changea
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<br /> The hterest rnte� I am roqu�ed to pay at tha tkat Cha�ge Date wlll not be pwate►than 8.500%or less than 4.600%.
<br /> ;��'f� Thereaiter,my l�terest rate will never be hcreesed or driCreused on any sinpfe Chtnps Date by more than hvo porcentage polnts(2.09h) iram �
<br />'.�a,�;,.��. ,,..,i the rEt�of interest I have been paying tor the preceding tweke months. My Interest nto wtil nover bo preator than 11.60096.
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<br /> -,}:,�- .� , � (E)Ettective Date of Changes
<br /> .��.-.���-�•'�� ' My np�v hterast ruto witl bocome oftocttvo on esch Change Dnte. I wNl pay the amount ot my now monthiy payment bogfnn6�fl on the
<br />'"'�'='�� ' � tir6t monthty payment dnto after the Chflnpe Dnte unt0 the nmount of my monthy peyment chanqes apaln.
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<br /> � ''. ,���``� (F)�t�otico of Chenpes
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<br /> ,�. _;. . TReNote Molder wlll del�ra or mail to mo o not�o ot nny chanfles In my I�terost retv ond the amount of my monthty puyment botoro
<br /> ' . lhe eltc3ciNe date of any change. The not�CO wil includo Inlormntion raquYad by I�w to bo pkcn ma nnd also the titb nnd telsphone nurnbor �
<br /> T of a pctreort who will answer any quosttan I may hnve regurding tho not�CO.
<br /> �--�� - � � 8. TRANSF�R OF 7NE PROP�R7'Y ON A BENEFICIN. INTEREST IN BORROWER �
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<br /> � � TFIAN�FER 0�1'HE PROPERTY OA A BENEFICIAL INTEREST IN BORROWEi� If eli ar any pnrt of tho Proporty or nny fntorost in k �S �
<br /> �' � • ' sold or Yanslerrod (ar if u beneficiai tnterost h Borrower ts sold or Vansierred md 8omower Is not n natuml per¢on) without Lendors prior �
<br /> ' �'...
<br /> " wrRten consent, Lender may, et ks option, roquiro immedtate pAyment In fuN of aq Qums secured by thfs Security Instrumont. Nowovor,this
<br /> " opttOn c�atl not 6n oxercised by Lendsr R exercise Is prohlbkod�y te�l!�w as of the data ot thls Sncurity Inctrumont. londor nlso chall I
<br /> not mcorcfs�I�+ts aptton H: (a)Bortower cnusea to be subrrkted to lencNr hforcnatbn requMed by Lender to evap�ate tho Intondad Vanaforoo ;
<br />� � es M a ngw ban were befnp mnd�to tho trensferee; end (b)Lender�unaonaby datertnin95 that Lander's �ocurity will not bo ImpnUOd by the
<br /> � bu�asaurnptb�and that thg risk ot�6roe.ch of eny covennnt ar apreement h thy Securil�►Instrument fs nccoptnbb to Lsnder. ;.`
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<br /> =�.• � MULTISTA7'C AOJUS'TABLH RATE RIOER-ARM f'r2�SingkO Famlly-Fannb MaelFreddN Maa UnNOrm Instrumnnt Form 3111 3/85 I
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