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<br /> ---=_=-� ADJ[JSTA�LE RA`I'E RIT�ER ==
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<br /> -__�.�. ,�_,
<br /> 24TH de Of FBBRUAR.Y 1995 and is ° ••�.'"'"
<br /> '-�.°�-.�:�� TEIIS ADIUSTABLB RATfi R1nIIR is mnclo this y , , '.��.'s:•.;,
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<br /> incorpodatcd inW snd shall ba dccmed to amend and eupp:eri�eau dia Mariga�c,D;,�,d af T'sust or 5ecndry Dced(thc"Secvrity .. :.
<br /> -'.°�° Insttunau►t")of tha sema datc given by tht+ undarbigned([hd"8ormviu") w scc►ue Bosrower's Adjustable Retes Notc(tho • �,�.a:�..=
<br /> �ac�h:ra.:. �
<br /> .���� "NOIE")l0 Hp�, P6AERAL 9AVIN'd8 & JaOAaY A.850CYATION OF aTtAND ISLAND . :
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<br />�n���� ` (thc"I.ender")of tho samo date nnd coverin�din pmPutY des�ribed in�he Securiry Instcuurnent end locaced at: " ���,,,;�_.,,
<br />_----- �'� 512 WEST FIR9T '�'l �`�ra,:�
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<br /> `" an�rm iar�arm, NRBR�►AI(A 68601 ,� s``;;� :'!
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<br /> __:��'51�:7� [P,'raperty Addse��j ;�;�'+,`;f;r."::;:7:_�
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<br /> THI�NO'I'E CONTAINS PROV�S�Q�NS ALLOWING E���R C�IANtiE.S 1N�V1Y IN'i'EREST ItA�TE AND M1' �_�,9_,� ��
<br />___-__ =s MONTHI.Y PAYME���T RATE WID.L RESUI.T INTLOWER PAYMENTS.T � �GNER PAYl1�NTS. =:��'-"°�--
<br /> x —� A�CP�EASES EN �s
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<br />_��,—�r� ADDYTIUNAL COVENANTS. In aAclidon to the covenants end agreements made in tha Security Instrument,
<br />`�'��� Horrowa and I.cndcr furthcr covcnant snd agcec as foltows: �.:?r�=-=�-
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<br />��,; ` A.INTRR�,�T ttATF.AP1U M�NTHLV FAYMF.N'�'CHAN(:F9 �;;,��
<br />"'��"��� e.5oo 96. 71�a Ncxo providcs+ fcx chen�cs in tho
<br /> -��� 'i7�o Noto provtdca for an Initlal intnrest rau��F d ---
<br /> ''"�` inurest ruo w►d Q►o manthly paymcnts,a9 followe: � -_ -
<br />-'�w:� -
<br /> .�'`�'Y r 4.1NTERES'I'RATE AND MONTHLY HAXMFNT CHANGFS
<br /> ".�SVa
<br /> ==�'�¢�' (A)C6�e�{e D�ttes
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<br /> ± .,,:..� � 1996 ,and on that day _
<br /> `° '"• ' 'Ilio interest rate I will pay may changn on the Cast day of �cx
<br /> t� 12TH month theceafter.Esch dato on which my interest rate cauld change is called a"Change Data."
<br />�i����; evuy
<br /> -���. (B)The Index �_
<br />.,.��;_°-�-,r.-�. �-
<br /> �;:��;� Begianing with thc first Changts Dato,my interest rate will ba based on an Indea.TI�e"Index"is: �,�-__
<br /> �,�uti '�� �r �� �..-.
<br /> �: r>i^ll�i+:,..: THB WEBKLY AVERAaE YIELD OI�Y UNITBD STATS3 TREASUkY SECURZTIES AD.7VSTFD TO A
<br /> �""'a oji`.^iy��'_ti' CON9'I7►NT MATI7RITY OF 1 YE7R12. RS MF1�E AVAILABLE BY THE FSDBR�IL RESSRVE BOARA. � ,�.
<br /> � �h;'�"�=,
<br /> !^�'�,� '. �inrs�.-.r�.
<br /> Gi�v�.iil;
<br /> �tJ,:ua� j E`€'�3^[l� -
<br /> '`""'''r''" `•' 'IT�most rccent Index G�we av�il�►bla as of the dato: � 45 days ❑ �c
<br />__ .,s_.h..:..� -: C:(�7T+"a
<br />����''���'` befor�e�Gh Change Uate i.g callod d�o"Cmxent Indax." t��.�,��_,.
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<br />°--;. If tho Irtdca is no longer availablv,die Nota Holde�will choose a new indcx that is based upon comparable Wormadon. .�,�,�,.
<br /> °• ° ' Tt►o Note Holder wfll give me notice of this choice. �w;,``�"
<br />-Y;�;�:-,� �'' �:�i�. �?;�;,
<br /> =J�' (C)Cakulatbn ot Changes y� .
<br /> +�:i���` �,.. . ,
<br />"'=�=-�-=�'•`'--"`' Defora each Change Data,tha Noto Holder wil1 c;alcul�te my new intcrest rate by addin8
<br /> �""` ' ' n e int s 3•5 ao �'o) to the C�urcnt Index. ''+r+, .
<br />,����,-��t,!�t�',�; THREE AND ONE HAL£ P�� �8 PO �)�
<br /> -��� � '' Tho Nnte Holdcr will then round tho xe�sult of this addidon to the xx Nearest �Neat Highest �Next Lowest •,.
<br /> ;�.°;'';;,i� ( .ias 96). �
<br /> . ��� , r �'. oas sscx.x ''
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<br /> Subjoct to tho limies statecl In Sccdon 4(D)bclow,this round�xl amount will be my new intcrest rato until the neat Ch3nge �;�:, '
<br />�=: . .� ' �,..
<br /> ��,u; Y� � Date.
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<br /> ti?'�`�-'�.s* . The Noto Holdcr will then detc►mino tlie amount of thc monthly payment that wo�ld 1�sufficient to rcpay the unpaid
<br /> t+4..l
<br /> ;�;:���;.�' principal thai I am capected to owo at tlto Chengo Duta in full on the maturity date ai my ncw intemst rato in substandally
<br /> �::
<br />:�,=�;uN�C:e r cyual paymcnts.Tho result of ti�is csilculnlion wlll bo tho ncw amouni of my monthly paymenG
<br />_.:,^r;�srz
<br />'�.� x �
<br /> v�! r.�� (D�j LimEte an Interest Rote Chpnge�
<br />_:�,:�,,: •� P ase check appruprlate boxcs;(f no box iJ checked,there wtll be no mazimum timit on changes.)
<br />`-` �� '� 1 71►erc will bc no maximum Wni¢on intcrast ratc changes.
<br />::�� -,�7� '- .�
<br />-''' .... (n��n._� - - u i nm ranuimtl tn tfflv nt tlte fllS[Ci18lIIIO DSIO Wi�ROL UO�[Cc'l1;CT LI18I1 10.500 % �
<br /> . . - ���6J u.v a�ww:.�°.......�..---i-----r-. � - ------
<br /> � � ,�„��� or les�than 6.50 0 96. �
<br /> �.t} x ::
<br /> .:�=s^,:-�' Q(3)My intcfcsc rata will nevcr be incrcased or decrcased on uny single Change Date by more than f
<br /> 2.000 �Jo) from the '
<br /> =i;"i��. TWO PERCENT percenlage point(s) ( I �
<br /> � •• �' � rate of i�atcrest I finve bocn paying fc�r dia preceding pcdod. . �
<br /> �. "�� �-� . ,° °^^ %n,wlrich is called thc"Maxunwn Rate.' �
<br /> ` '�'��• LJ l4 j iv'sy inccrest rato wui nover i�e greuwc u�u�� .�._�. i
<br />;, st:j=� r;ir ,`�.• TFIB °MINIMUM ItATE" WILL NEVER 8E LE9S THAN 6.500t. �.
<br />-- '` '- IfAULTIBTATEAQJU81'ABLE RA3E RIDG�i•Slnpio Famlly e164 ,�.'•�
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