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<br /> -- -- �DJUSTAB�RA �:� . � �::
<br /> - .,��.��� ;. , . (IYearTreasaryAcdcx•RateCays) . ��9�,,,;���� _
<br /> ' Hr''��.� ` ' . � . �
<br /> �: ��,� `» , � THISrtD7t7S9'ABLERAT6��Eltismade�nta 12TW aayoi 1ANilARY `_ = ` �__'� t4�._. .
<br /> _�o:��.x�s�.�rs
<br /> ----- --`"��_Ty eadi�iacnrporatedia2o�adsD�bed�mtdtoatnerid�tdsaypI�a�tt6�ebiast��oYTiusf.cr5esan'tyDad(ths"SsMnntylnstnurteaC9of .
<br /> _�-;°�.x+.,:�,-�;r� eflt asme dats givm bq tE,e mids�ed(che"Boaower")to secase BotroRa'a Ad,�uttaDle P.ate iVote(tIle•`Koss"�to ItOME FEd �UQil�iia• . ,
<br /> ,�.��..�,,'- ° S�L�N_D(ttte•`I,ecda'�ot tLe samt dsie aa6 cavesicg the propertry dBtt�M ia the Secnrity Instrammt and Iacued ai: •�.
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<br /> _�_:��-_ � � � 609 5. S�uhr Rd., Grar�d Island he 68Bd'E_ - ` �
<br /> - - �:��, EProparyAdd*ess) . . .
<br /> '181s aou wntti�s p�vLstoa��ax� tur'�a`in my intuat'rate a�e+v moei�r , '
<br /> _ _ �,� .
<br /> - �".���: • � ' "..
<br /> - - — �._._ . Gs9ateab.Tb13 ubtt itTso IlmIts tAC am0�11 mY Ibte3rat rife ns�anje tt i3�0�fIm�� , •
<br /> � _ tSothe'miniffiman�t�m�d�amr�tei�st�. � , , � ` .�- � - — -- - _ ----�_
<br />_�'"�, �'__�, ; . ' • . •, ' '
<br /> --�°•"" - � ADDITION�iL OOVENAN?S.Ia additIon to th.:coveaaati rend eBr�ents maQe ia the Secnrit7+I�utrment�Bortower aast i.s�der �
<br /> '+ ?���: • ' . .
<br />- -- -°-i•. furtka oovenant aad agc�e as follows: • .
<br /> �K..i.�'s�_ . . . ` . . •' ' :
<br /> � S. .
<br />-��?��r�- ..+^ �z , A. iNT�f EATE ANI!ML1NT�.Y pAYM'ENT CHANGES '
<br /> ' " T6t Nou ptovides fos en initia!inttmt rau o! a-7S %.Saxian 4 of t6e PIatt pravides for changes in the iniaat nte�tt�
<br /> �.� ��1YDaY�ems.asfolioss: � � . ,-
<br /> ;�,c�;:;, 2 . .
<br /> -:.��:-t _, ' - .
<br /> � � ., _ Q. lNTER6ST Ri1TE AND AdONTNLY PAYIblEN!'CNAtYGES � . . • , � '
<br />�����,r�.__• , tA) CiaKe 1Mes , : '
<br /> Sky Y 2einLerestraulwill�ymaychangeonthefust�gof FEBRUARY ,�99� .aadcmttutdaxeoe�►
<br />°�'':: -r:=
<br />��;.;�.:� -„ montbsthueafta.F,achdateona-'=cbmyiateratrauoaulde4aageiscaIIeda"ChanBeDat�"
<br /> j. _°` ` - . • �.� . .
<br /> .]�. ,. . ' � y�C�Q . ' . . .
<br /> .�'�..;_�:�_,:�1'� �,� Nl�'tI1Q1Cf1ISt . � � .
<br /> 4. �:- :.--: _.----- _.---- �g -------ChangeDat�myintaestrateailibebazedoaaatadex.'[he"Iadex"tstheveeeiclgavaagtytetdonUaitedStstSS . .
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<br /> .. , �� • � �::• :. Trtasury sa�ide�adjusted to a caastant mat�iiy+oY I yrar.as maGe ava�'1a61e bq tlie Fedeial Reseive Board.'fhe most iecenf Indea figiue
<br /> . � ���. avaSlabieas of the 8ate45 days 6efore cacb C6ange Dateis�aRcd th+e"Cucrmt Indai." • .
<br /> •�y �� •� [f the tadex is ao aa�er ava7a61e,the Note Ho1�will choose a aear iadea afiirh Is based upon campara6ls iniorm2tina 1i�e Note
<br /> -�f�:. •.'�A ' Holderw�lgivetneaosistaithischoia. -
<br /> - �- , .
<br /> ,� _ .. iC) �onolCbaages. , _. ._ _. .. ..._ .
<br /> '` . BeforeeacDC6angeBat�thel�iouHalduwlllcalcWatemyaev�3nterestratebyeddingTMREE AND UNE-HALF pQ�� -
<br />-��.1 - .. • � o . -
<br /> - . yoints��-� S3)co the CYurmt Indac and raunding to tEe nearese 1/Sth of! a,subJect to the Umtts stated tn Saxi n d(D)6dow
<br /> ' '17�is[oun2ed amou�w�71 be my aew interest rate anHl the next Change Date. � -
<br /> � The Nou Holder m71 then determine the aznouat of ihe montdly yaymeat that would 6e sufficient to repay In fuR the princ�l t am t^
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<br /> .�-- . •. °, . . expcct�to owe on that CdazigeDate ia siwstantially equal paymenu by the maturity date at my new interest rate.Thc result of thts cat�on ,-�, .�
<br /> � � ' � ., w�lbethenewaraountofmymontt�typa�ent. � .�
<br /> �J �-* ` . . . .
<br /> . • � ' � N3 Itmib on Iateret Rite -..
<br /> � � 1'he interat_rate I am r�w gay at t6e first Change Date w�l not ise greater tdan 10.75 cIo or lesg than • , . ,,'y
<br /> ��+!• . • • %.7'ltereafter,my iacaest raeeariU aever 6e increased or deaeased on any siagle Change Date by more than T1�10 . • .'�s �
<br />-_.�c�►'� �• ' Z•� from the rate uf interest 1 have 6cen paying for the praeding twelve months.Themiaimum inietest rate on this loan wIU never be �"":,.�X:?�t
<br /> — . � less than fi.75 a/e and the ma�dmum interest rate w71 never be greata than 13.75 0�0. • -,• •i�i:
<br /> ,� � . . (L� ERestYveDateolChu� . f��. ,, .
<br /> a . �• , : My new intcrst rate wi116ecome effective on each Change Date.l wiSl pay the amou�of my new moathty paymena beginaing on ttte first r��'
<br /> ' monshty payment date afta the Change Date undl the amoune of mymonthly payment changes again. � � ,
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<br />'-�i�:�':: ' ;..;j�; (� Notlee01C6s�les , _
<br /> ��'�"� ' • ''=""� '[�eNoteHoiderwillmailordelivertomeanouae6eforeeachChangeDate.ThenodcewUladvisemeof: , • ��r.+"; , •
<br />-��':, . •.. .-•. ,`,
<br /> . (� the new intaat rate oa my loan as of the Change Date;
<br /> =�= • •. '. ':�� (ii) the amam�t of my monthty paymem faCfle+ing the(9�ange Date: •��'':'�`
<br /> ' • (i6� anyrsdditional matters whtch the Note Hotder is required to d1scIose:artd � • � �.
<br /> ' (iv) the uddras of the associatlon you could watact regarding any questions about the adjustmeat notice. � �
<br /> � . B. Cf1ARGFS;IdENB -- -- , . �.
<br /> . �,;�" . • . Uniform Cuvenant 4 of th�Sraulty Instrument is amead�to read a�follows: ..
<br />:Y� _ _ �.� ,� 4.�a;IJen.Borrower shall pay all taxes.assessmenv.and other ctiarges,fiaes,aad imposiuons atvibutable to the Property whIcb may .. : . . �
<br />- _ _,� attain a priorityover thls Securlty Instrmaent.and leacehoid paymenq of graund reatv.it any.in the m�er provided undu para�aph Z huwf � . .
<br /> '�" '=�:.'�.�:. R or.i!not paia ia suc�manaer.Dy BorroRer makingpayrmcnt.xhen dur.directiy to the paYee thereoL Borrower ahall promptly tumish Lender . . �
<br />� i:'�c=�>•y ' all aatias of emduats due unda this ParagreDh.and in the event Borrower .
<br /> • qhall make payment directly.Boaower shall promptty turaIsh to _
<br /> .�,oc_: :.,`;. � .
<br />_��`._:��t_,;-:.` . -� LmQer naipts cvIdenciag sucti paymrnts. Borrower shaU ptomptly discharge any lien wlilcb h8s priority over tht9 Security ItuWment; . .
<br />`�?����'+�;f" � however.Borrower sha11 not Oe«quired to dJuharge any such tien so long as Boaawa:(a)shaD agrce in wriHng co the payment of ehe .
<br /> - -:"'�o-`:_ 8 Y A$SIIISttafOfCCtilC�lOf '
<br /> _�._ :�-;•-. o6ligation secured bp sacb llen in the maaner araeptaDte to Lender;(b)shall in ood fai�h comat such Ilrn D .or defead
<br /> - �' �:"��+"� - cucA lien iu.legal pracceding$whlch ia the oyinion of Lender operate to prevent the entorcement of the t3en or[or[etture of the Property or any ,
<br />_��� ^ �" part thatof:or(c)shall secute[rom the Aoidn af such tien an agreemrnt in a form saUsfaMory to Lender subordinadng sucb lien to thLs �� ,
<br /> _�¢"•� �. ..�8�! Secur(tyInstrtunrnt. �
<br />- � �"� It l.eades dttermina that all or aay part of the Property is subjea to a lien wh�ch may attain a priority over this Secudty Insuament, .
<br />- i'�� •�'• � l,ender shall ve Barrower a noHae idrnHf �
<br /> _� �,:s•�;;•:., gi ying such lim.Borrower shall satisfy such Ilen or take one or more ot the acdoas set forth above
<br /> i.-�a���'�-_'�,-, - wit6lntendaysofthegivingofthenotice.
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<br />;., _ .. ��_` C N�7'�CE � . .
<br /> i�.,�-�r�_�`• :�
<br /> � , .. _�.• Uniform Covenant 14 of�he Securiry I�uumrnf is amend�to rrad a�foi�ows: �
<br />= " �� '�` =` �'- t4. t+tai�Exa�pt�lor any nottce required wcder syplicable law co 6e given in another manner,(a)any notia to Bortower provided tor in this '
<br /> �-T� - _ Security instwmnt s6a11 be8iven by delivering it or by mailing lt by firse class maif to Borrower at the Property Address or at such other aQdras ' �
<br /> �``� "'•'�,�'' as Borrower may Qeslgnate by notice eo Leader as provlQed herein,aad(b)sny nodce to�endu ahall be grven by first ctass mail to l.erider's . � � �
<br />_: . � aQQras stated 6erein or to such other addras as Lender may desigaate by aotice to Bonower as ptovided herein.Any notia provided tor in this �
<br /> .*' �. � Secority Insvummt sAatl tre Hc�ecned to have Deen QiLer�eo Bonower or Lender w1►en givrn in the manner designated herein. . ` • .
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