|
:t r � ,aZ
<br /> i • �� 't£, -, . •, . Z _ . -, ; c :; i -..�4 °
<br /> =j�� � ,s + ,r .�� _:�i�'" 2�F J _ � a , .s�_ a C��4��r i�f� �'��=t.c�_._r.�--..
<br /> ` ��� •4 � �� -ryi ..�' 4`� � �' �-5. -.�?'rr�.f�L�I.Eddl�r3'L" - =—-
<br /> -,��� t _ — — �' _��.�—
<br /> -� L ` • , ' � �' . , , .� • ..
<br /> -_--- • . ' , . +3►Qr�=. ��� . � `
<br /> ==:�� . � � ADJU�T��L� R�'�'E ��It � . ` _
<br /> -�i� _
<br /> ,-�_��=::� � � � �IIS L(�AN�S NOT AS.�UMABLE W`I'rHO��T�APPROVAL OF TI� � -
<br />��-�:�� DEP OF VETIERANS�FAIRS OR ITS Atl'I�OR�D A�EN'F ��
<br />=��:_�� .. . . . -
<br />` ''',``-. 77iIS AWUSTRBLE RA'd'��F�is made this � 23�'d . day..nf . .-
<br /> =1��`:-;� -
<br />;=Fy�::. �[ber', /9�4 • and is insorporated inW and sAalt 6e de�med ta a�end�supp2ement,. ,
<br />-�r�� �he Mortga;g�, ?�2ed of 7tust or Sec�uiry De�d t"�ecuriry Insbumeni") of ths sazne date given by the tmdeisigne�
<br />� �A .
<br /> =°=�-._;.,. (°Bomon�r")to�eaue Bonqwer's rlote("Hots"j tn < __
<br />_�;'�� • : .
<br /> '°`P;:-� � • OOLt�IiS �AL SAVINC�S BANK . ' �
<br /> �__._� , . `
<br /> -�`"-:"� (the"I.ender")of the sarae date aad cor•eriag the ProPeitY descn'bed in d�Security���rm++,_�aad tdcated at: ,
<br />—,�`c'- . • 7A07 WEST 1a7H S7'RFET
<br />_---`�� • i�AI�O I StJ4�D, [� 68803 ' . .
<br /> --i:=� . � �. � � , .
<br /> =�f:�..� . . . tp:,�x.-y�darts�� . .
<br /> _„__-. .
<br />,.___., •
<br />:.�'{. _ _ ._ ..--- ---- - .. .- - --� � -- — - --.. ..,_..._ .- ------ --�---...----...__ .._ . .-----°---°- -�-- ..-� ----... ._. ..... ..._._ , . , . .
<br /> i-:. T� NOTE CONTAINS PROViSIONS ALLDNI[rIG• FOR C�lNGES 1N THE • .
<br /> :':c': ' � II�1'CERFST RATE AND T� MONTHLY PA�MENT. THE NU�fE LIlViTIS T�
<br />;'`�a°",� AMOUNT T�BORRO�'S II1iTERFST RATE CAN CHt�NGE AT ANX ONE T�
<br />:�.;
<br /> AND T�E MA7�MUM RATE'f'�BORROVFER MUST PAY.
<br />, :°«,; '•
<br /> ADDTfIONAL COVENANTS. in_addition to the covenants and agreements made in the Security Insuvtment,
<br /> •_� Borrower and Lender fiuther covenam and agree as foIIows: '
<br /> '��,. , , ,
<br /> � INTEfiEST RATE AND MONf�Y PAYMENT CHAPIGES
<br /> � .
<br /> _��._
<br /> -- `v� tA) C�Bate
<br /> 3�"�_., The interQS�rate may change on the first day oi Apri2, 1996 ,and that day c�each succeeding year.
<br />`'�� J "C�ange Date"means each date on which the interest rafe could change. •
<br />.,;;z'�,. �
<br /> __;,_t:' , ,
<br />=_ � (B) The Indes -
<br /> -;y"•.�:n ' Beginning wish the first Change Date,c�e interest rate wiil be based on an Is�dex. "Index"m�the weekly average • •
<br /> m��' yieId oa United States'Ikaswy Securides a�djusted to a constant man:^ty of one year.as made available by the d�edera!
<br /> = R��ve Hoard. °Cnrrent Index"means the most recent Ir1S..�'e figure availabte 30 da}-�i�for�the Change Date. If the�Index
<br /> =�-� (as�efined above)is no longeT available.l.ender wil l use as�a new lndex any index presr�n'bed by the Depattment of Veterans
<br /> LL_:�� Affairs. Lendes t�i31 give Borrower norice of the new Index. �
<br /> . (G� Caicu7Q8on of Interest Rate C6unges _
<br /> . Beforc each Change Date.i.ender will calculate a new interest rate by adding a margin of .
<br />`���� T4�ro 8nd Ort9-H81 f P�centage points :
<br />=':?'_� � ( 2.SOfl��a)to the current Index and rounding the sum to the�-est one-eighth of one perxntage point(0.125%).
<br /> - Subject to ttte Ii�.its stated in Paragraph(D)of this Rider.this rounde�z^iount will be the new in:erest rate until the next
<br />-`_:�= C.!}�nge Date.
<br /> :,s�--.
<br /> --���.
<br /> _�_•�:.� N) LlmYts on Interes!Rate Cbanges .
<br /> _:;....y
<br /> �_��_.� �'he int�est rate will never increase or decrease by more tlts,� one percentage pcie (1.0°�0) on any singte
<br /> -ti.J� Change Date. 'i9ie Interest rate will never tre c�ore than five percentage poinu(S.O�Io)hi�er or lor,�r tban the iaidal interr;sst
<br /> =.��a �• � _
<br /> ���
<br /> ���� (� CalcWatton of 1'a en! e
<br /> ���� ' If fhe interest rate c es on a�Chgac?e Date.Leader will calculate the amaunt of monthl a ment of nnci
<br />-�rz"� � a Y F Y P � i�and
<br /> -="� interest whicA woutd be necessary to repay the unp�id principal balaace in fuU at the maturity date at the nsw interest rate -
<br /> ��;:� . tfuough substandally equa�payments. In making such ca2culatlon,Lendet,will use the`npaid principal balance which wou�d
<br />�;�'� , he awed on ttce Change Date if thene had 6een no default in paym�nt on the Note.reduced by the amount�of any prepayments
<br />=:��;:r��' m psmcipul. The result of this cakulation will be the amount of the new monthly payment of principal and interest.
<br />.��.���
<br /> -°-;� (F�Not�ce af Changes
<br /> ;;,�; _.� . Lender will gve.notice to Bomnwer of any change in the intecest rate and monthly paymem amount 'Ihe notice must
<br />�_�:';:� be given ut te�st ZS days before the new montbly payment amount is due.and must set forth(i j the date of the aotice,
<br />._:��. (ii).ihe Chaage Datr.(iii)the old interest rate,•(iv)the new interest rate.(v)We new montWy payment amount,(vi)the
<br /> .�;�'-'. � Current Inclex and the date it was publist►ed.(vii)the method of calculadag the change in monttily payment amonnt,and
<br /> X�s =� (viii)any other information�vhich may be requic�ed by laee from time to time.
<br /> �, . ,
<br /> �"'.e _:_ . VA�dultlStdtD/1dju5t�b10 HetO RiQet IPage 1 nf 2 pages)
<br /> . nfw�eaXw+fAK4+aaokuna,br� -
<br />���•-.��� —_ . .� . =.REL1Tl8319212) � ToOtEOtGa7.t�806S70�903:!i7 FAM B1B-79td731. -
<br /> . . ,. ,
<br /> :��r�-- . . .. . .. . __ ._ _.__ _ ._ . __ ._.
<br />
|