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<br /> . (!Year Trta�ary[udtR Ritr C.�ps�-��txed R�Y��onvtes�e�'f�ticsD ' , L.
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<br /> � ' '1'�ES�At��41ST�lBLB F�1T�Ri13�R is mads this �� ¢�Y csS �'� � , 499��. . ' � :
<br /> - l�eid is Eaco orate� into und ehaIl 6e dr�m� ta amend aa�d supplemen4 t�� R4orfp,age. Dz�d of Treist —
<br /> su SecusitSt�}ecd tche"S€curity Tnstrumcac•'}af t�e same date given by the undeas3�ed(t6�e"�ozr�ner")
<br /> � .� to serure BoTtor�eir's�Adjusia.6ls R�t�Not�(the"Note")to _ � ' --
<br /> WLtJI'�lf.'� FEaERAL SliVlt� 911tiEC . , - .. .
<br /> . . � (tHe•`Lender")of the -
<br /> . same date and covering the praperty descn"6�in the S�uritg Instrument asd located at:
<br /> . 4215 MAN«ESTER RO�ID t�At� lSLAND. [� 688�3 .
<br /> t�ar�►r��1 —.
<br /> THE NOTE�AI�TAlt11S PROVlSiONS AU.OWING F06i CHANt�ES Il�i TNE(NTEREST
<br /> . . RA'f� �IDi 1I6{� Nit�3i �kT�r. i�Y PAIf!'�EI►BT. THE NOTE LIMRS THE AM�iJNT THE
<br /> . � , . QfC�l�i'{4{l���II�'r.'Gls�(�IR3'��i?1�L'1[��ANC4�ANGEATANIf ONETIMEAND .
<br /> '�R.�fRrF��LITs�t�lR'fiC'Tf�'Yc(�fIRiL�La'�ti(�l.��'T OI�.Y.THE NOTE ALSO��t�TAIli�S =-=—_
<br /> � � . 'Q'8��tI1DT[fIl'+�U.T(�r��N10�Yi"66E�La1@1CQf��'T.I�QI�Et,l�,'C�Tf,3 fi.Ei�XEF�RL6'f�. `_---
<br /> .. • �. . ��
<br />: - .i��`3s�'��.`�'i��i�izia°a: f;t,$u"�il1bD [V [ji6 wYSi:�Sd;.i14� ' s. .."FI£�}}F3�E FII t�eC � �.�.,:�-"- -_— –'
<br /> .,:.
<br /> . . Innr�.�otrmver and Lend�r!'-t�tJ�s covenant and a�ii�.faDacvs: � --.__
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<br /> � A. �SLF.Li�1�ABLE ItATE ANI�i,�t�HLY PAYMEIV3'�G�S . .. . _
<br /> 1 " , ` � T{i�lal'die provides for aa initial mte'rest rate vC'., � 6.TS�fn'o.Tke Note prg�es�'a�dt�� .
<br /> ;� ,..'.•:��ih��d�ustable interest raie and the monthly�i���ents,as follows: � � ',p��-- •- __
<br /> , :r. � '. • •���•• ,.. �����.m
<br /> ;�y.:,�>.;.�:';',4;';i;;;'.;`4. �,t�p�'.'ASLE iW'fERF.ST Rt��ANlD 16'd01li`I'ALY�'J��IVIENT CHANGES • ' ==-- -�--___�.
<br /> ,v� � ;., .•.'; . ' . . . -
<br /> ; �� � r,=,��,(' �13i�trge Dat� .. : � ' `. '• . . T -------
<br /> r f `'�:`•' '��' ' -
<br /> :, ,<c, �����cstabt�iut�r�st rate I rt►ilt pay�'tay c�ra��on,iiie 1'cest day of Apl'i i , 19SS. . ` :��n���
<br /> v�
<br /> ' � ,` ,.�.����d an.tl�•�ay ev�g�.i��ti�montti lhe�f'te�:'L�s3i iints oQ:,�vtucb my adjustable intere:�i rate canld c�ange ��
<br /> �-c�uI�i�.!.'�..'�haage Date." . . ' , �..� �. ' �•
<br /> .. • Bl'��lndc� �, .. . � .,.. . , . ��=
<br /> , � Beginning with the first C6ange Date,my.adjustabte interest tate wi91 be based an an Index.The"1n¢ex" �-
<br /> is the weekiy averpge yield on Umted States Treasury secwitks adjusted to a constant matnrity of 1 year, �-
<br /> as ma+de available by the Federai Reserve Board.The most recent Index fgure available a§of the date 45 days �-- - '-"�
<br /> .'�+.`.
<br /> before each Change Date is called the"Current Index" • _,:��. . �:..
<br /> If the Index is no longer avaitable,the Note Holder wiU choose a nenr index that is based upon comparable <�:---•;- _
<br /> information.The Note Holder m'll give me notice of this choice. ����
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<br /> (� Cakuta9Ion of ChanBes �:�.��_�..�
<br /> Before each Change Date,the Note l�fa2der will catculate my new interest rate by addin� r�a:.:�--
<br /> Ti+p t�nd Seven-Eighttts percent�,,re point(s)t 2.8T50 °•'o)to �%��'�"��"`-�
<br /> �:.��,.-
<br /> � the C�uret+��,Iadex.The Nate Hotder w31I then ruund the r�sult of this addidose to che t�earest one�ighW of --- _
<br /> one perc�age point(0.123�1a).SubjeCt to the limits stated in Section 4(D)beton,this rovnded amount cvill �:::��.��_
<br /> _-.,� �. -.,,,,-�-
<br /> . be my a�� interest rate cr.til the n�ct Change Date. ___, �-� _
<br /> � - Th��ti�ote Hotdgz�viU then det.�mine ihe a�ount of ths monthly payment that�vould be suffci�¢ to '`.' � ---=--_
<br /> • � � re�ay t�(r�i�t�paid priacipa!that 1 am�pected to oive at the C.7.ange Date in fuDl on the Alaturity Datc at my ' '"`'---�� i
<br /> . ...snv��.;-
<br /> � . 'ne��int�rr,"�rate in substaa�ially Fr,4is31 paym�nts.The r�ul�of this caltulation�vitl be the ne�v amount of � �-��r �ii�s�
<br /> • ��_yyY••$� rL• t
<br /> � . . my montEi,�y payment. � ' - '�.ti;,���.'�."'1'�,�._.
<br /> (�) I�mILs on Ynterest Rate C6anges �� _ •�Mr���.Y
<br /> The iqterest rate I am required to pay ac the first Change Date �vill not be greater
<br /> tharr B.Ts��O %or t��tl�an ' a..�50a °lo.Thereafter,rny adjustable intcrest rate '` -�'�.�'�,,i?Y':_
<br /> . -:.�.: ..2.,-.-� •..:- . .
<br /> cvill n�o�:�v;incceased or decreaset€�an any singte Change�'�iu:bp more[han . � . .�_�:`,�,:•. . _
<br /> �Ine� ' per,.�nta�e point(s) ( 1.0000 �'o) � : � � '
<br /> from the rate of interest 1 have been paying for t.�c,►�receding 12 months.My in�erest rate�vill never 6e greater .. . ' '
<br /> ; �h� 10.T5Q0 �'o.�vhich is calletD the"Maacirmum Rate." ' ' • _ �
<br /> t�l E��ertivo @ate of Ch�n�c� . . . :
<br /> My ne�v iutenzst rate«ill becomeef'��ctive on eacb Change Dace.C«�ill•gay t�e amount�o@my netv monthly • � ' . .
<br /> payment bcginuut�n on the first monthly payment date afrcr the Change Date until the amounr of my monthly � . " � . . �
<br /> • paymcnt chan�es p�ai�. • . •
<br /> . lTr1 Noike oY C�e� • • .
<br /> 7'he I�Inte Hoider cvill deliver or mail to me a notice of any changes in my adjaistable interest rate and �
<br /> the�monnt of my m4nthty payment before the effeMive dase of any ch�,re.The notiee�viU incte�de information � � • . �•
<br /> � rcquire+d_by Qaw to b.e gven m_c aad ulso the tit2e and tetephotte numb�r of a person who tvill ansr�er any question �
<br /> 1 may have regarding the no�re. , '
<br /> �.�. �
<br /> �nnsrnre c�an�an�cusva�aa�wasa-s.�F�:►-�v�a t�„e�a��o ur.�.c,�r,�m � � .� ;
<br /> . �-845A�sscs� QaG3 s of s form 31181189. � . • �
<br /> � Y6t?R'O�TGAGECQT,:SS•t5'JO1421�J291 .
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