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�_ : . _ <br /> _ - ; ` �Y , . • ' � t :� ' . ' °� ., - --- `�- ! - <br /> , , � 4 1 , , . . ; . . . . .. <br /> % `. `' ` ;, '.' � � : . . . � : . . . � ; .. . • ��E�S�� ��$.�2 ` <br /> ' .y� -C� `' ... � ° . . , . . _ ' . . _ _ _.. _ : _ ._ _ -- <br /> ' , � �J�d���BL�•�tA'�"� ltiCi�� `�' � -:_——..'"'-"'�Q ! _ __ <br /> ' . . ' ' ` 4i Ye�r'�'t�s�ry Ltdtx—Rate�ps-Fi�ed i7ste��u�ers€oa Opi�s� ' <br /> ' . �'PHLS�i'i�JYJ�'ABI.E RATE 4t�BL1�i�mads th3s 31�4 �y of 6t9irch . l99S , . <br /> , , �. t�ad�s Puca�orateQ �nto astd shalt IiP deemed to am�d anc�1 si�Plsieinem the.&iord8a�c. Deed oF Trase =- <br /> �r SecurizY�eed tthe"S�utity Insirsiinen3"�of'the sa�e date g►ven by t6e undersigned(she"BorroNer") � <br /> ` . , [o ses�re Bosro�r}e�"s Adl�usia6Ie Rate.Noie(the°Note"y to � . .� ` � _ <br /> . ,> Q�1�i�iS FE�3�Aa, SAV�tkGS 9idAIK . _ .. - _ <br /> . , , . � . ' � (the"Lesd�r'�af t�� _ <br /> saine date'und cavering the property described in•t3�e Sccuxiry Instenment aud toc�ted a� _ <br /> . : � � . s: <br /> � �13�1 N(�lPID HSL�dD A►�AJE IS�s I3S� 688i13 -- <br /> _ [pmG�nY�l • ... <br /> � ` T!�!E NOTE CONTAIN���YIStGNS ALBOiNliltO�OR C�lNG�S!N THE 111CiEAES1' <br /> � . ��AT� AND T�IE MONTHLY PAYl11lENT.'THE NOTE E9M1TS Y34E A9ttOl1M1[T T�l� <br /> . @+II�OWER'S ADJIiSTAB1.E{�ITER�ST RIITiE CAN C1�IAT$GE AT ANY OlY�TlIftIEAND:`. . " <br /> �dE MAXIMUI{A RA''�TIiE BORROIN�MtUS4 PAY.THE Nt3�A!'S0 COIIIYA�I� � : - <br /> . . THE OP'rI01�1 Tl�CdNV�T T�t�ADJUST'ASRg RATg'�O A Fil(ED RATE. . . <br /> , ` . � <br /> • A�1�TL�NAb,COYENA`N'iS. In addition to:the wv�aats aad asre�iuents mad�in:iH�SecacItS!_ . • . <br /> Instrument,Bonor;e�aad Leader farthc�covenant a�agci�a�Eoitocvs: .:�.. <br /> A. AIDNST�iBL�•RATE ANp M�NT�LY P1l�T CHArII.i�S � <br /> . . The I�lote Provfrdes for an initial inieress rate.af � 7.5�(BQ °�o.'fhe rtote prov3des far c���s � <br /> . �n the aAjustable interest rate and the montiily paymeats.as foitows: ' <br /> - . 4. ADd17STABLE IA�7'ESFS'�'�ATE A3�iD MONTHI.Y PAY1t�NT CHANGF� <br /> . �A) �nge Daees . . <br /> The adjustable iaterest rate I�vill pay maY change on the fust day of p�g + 1996_ ► <br /> and on that cfa�every�i2th moath ths�raftcr.Each date on which,my adjustable int�si rctr,��vld ehange <br /> . is�alled a"Ci:ange Date." . _ . � <br /> [B) 'H'fs�.Iadea .` �• . <br /> Be�irm�iz�g�vith the first Change Date.my adjust�hI�interest rate cuill b�basei!on an Ind�..The"I[t�" • <br /> is the wee�ly�average yieul on United States Treasury secusities adjusted to a constant m.�iti�rity of t qear. , <br /> as made avar7�ble by the Federal Reserve Board.The most recent�ndex figure availabte as:qi:flhe date 45 dayr, <br /> before eacIr.G�hange Date is calted the"Current Jndex:" � � <br /> If the Indc�is na tnn�er availab2e,the 1�Iote Holder avill choose a n�v index that is basect dpon comparable <br /> information.The Note Hotder wt71 give me notice of this choice. <br /> (�7 Ca�cal�Hon oi C6aages <br /> Before�.ch Change Date,the Note Holder wiU calcuiate my ne°�v interese rate by ad'd"an� <br /> T�ro �nd S�ver►-Ei�bt�s P���Point(s)( 2.875d, °'�°�tO <br /> the Current Index.The Note Ho2der will thea rouutl the result of this addidon to the nearest ane-e�stith of <br /> �ne pec�centage point(O.IZS%).Subject to the limits stated in Section 41D1 br3o::`,this rounded amount.tvi�l <br /> • • �my naw iaterest.rate until ehe aem Change Date. <br /> , ' . The Id�ste Hoider�vill then deteraune the amount of the monthly payment that cvould be sufficient to _ <br /> .�. reFay the unpaid principal that 1 am expected[o o�ve ac the Change Date in full on the Maturity Date at my <br /> ne�v interest rate in substantially equaJ payments.The result of this catculation wiU be the aew amount of <br /> rtsy monthly payment. � ' . <br /> {D> Idmits on Interest[tate Changes • <br /> The �interest rate�I am required to pay at the �rst Change Uate will not be greater - <br /> than Q.��p %or less than �.5Q00 ao.7'hereafter,my adjnstable intcrest rate ` <br /> will aever be iacreased or decreased on any single Change Date by more than E <br /> � � pne . percenfage point(s) ( 1.0000 °'�� '� <br /> from the rate of u�xerest 1 have been payia�for the�receding 12 months.Irr1y interest rate�vill never bc geater • �; <br /> tEian • : �10.7500 °'o,�vttjch im called the `•Maximum ltate." , i <br /> (�) FifYsuttve Date ot C�snges • � <br /> My nttv iriterest rate nrill be�ome effective on each C'aanse Date.1�vill pay the amount of my ne�v monthly '_ <br /> payment b�inriing on thp tirst�nonthty payment date after the Change Date unpl the amount of my�nonthty <br /> . . paymer►t chan�es again. ' _. <br /> . (� Nolice of CDanges <br /> The Note Hatder�vill deliver or mail to me a notice of any changes in my adjustabte interest rate and .. <br /> tPie amannt of my montlily paymeat before the effective date of any change.7`Eie notice�vill include information <br /> . � reyuited by!aw to be gven me and uLso the tiQe and te2ephone number of a person wiio cvill anstir er any questioa <br /> I may have regardins the notice. <br /> . ISdU1TLSTAIE G�NVEf{f�lE AWdUSTABLE RATE RIOER-S�Fct/-1 Ycae Tm=:wY frafit:-fCrWC Ltse Unifafm trum�amtt <br />_ �-845rAm�v Da�o t of 3 Form 3118 1(89 <br /> vL�6:0ATGAGE60RtlS�t°00)521�t29t (� <br /> . �Ru�admRSCfchODa�v � • I���',i''���� <br /> W i <br />