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<br /> . . . - . -���°�o��� _==__._= _
<br /> . . . � � . � . . ---___
<br /> _ . . ��3ST'1�BL� l�� ��R � '. _ _ �-___=__--
<br /> . ti ltear Tr�ry Ia��.Cags--FdaesI�ts Canve�rston iTpt�oa) . _���=°=-- .__
<br /> . - . , , . • �;sy-==-=-_
<br /> _ � THIS AUNST'AH�.E RATE t2I12EPt is made this � 14�t day of ApY'i 1. . 1995 � , ---_ =' ,--.---
<br />. . . .. ar�st is�storg�oraE�!irao�shali be deeme�ts� amead ansl svpPlement the I+ifort�e. Deed of Ttust �-f-.==�=_--==��-_,
<br /> or Sec�uity Deed(the"Security Instrument"�of the sam�date�iveit by th�undersigaeci(the."Eorrower") �__--_==
<br /> -----
<br /> tu secure Hoaro�er's Adjustabie Rate i�iote(the"N�ite")to - --- ---
<br /> � . : -=_ - -='-= - — — - - --....,, �=_-
<br /> OOLE�BUS FEaERAL.SAV 1 ti(3S �QNK - .. - --
<br /> (the"Leader")of the
<br /> same date.and covering the pm�..�rty descn'bed in the Security Inswment and larated at: , � = -
<br /> 2213 S AtK4iST 57'R�ET QtAND�1 SLAt1D, N6 68801 . . -
<br /> [Property Addr�sZ ; —
<br /> TNE 11t�TIE CONiri6UNS PR�VESIQ{1tS ALLOLNIIIEQ f[3R C�eANGE&IN TIfE Iil}TEidES� �, �
<br /> RATE ANl9 •T�i��NfOlY�41ilY PAYMENT. THE W�`I��Llh1i�S Tt1E AMOUNT THE � �
<br /> BOR�0�1U�i'S AII4lUSY�lBLE INT�AEST i#A'fE CAN C�.ttiE l�T ANY ONE TlA6E AND .
<br /> .. �!!�!E r1}�X!!�1l�t�'!.�^3'E TM��QS::tQlN�Ar tt�JST�'QY.�Ri�TE�.E.S4!C�A!?d#!lL�� ' `� _,__ ._
<br /> TalE OPTt�H TO COl1IVEAT THE ADJlJSTABLE RA7E Tt?A FlXED RA't'E. � . .
<br /> ` ADBETIONAL C07�ENAN�'S. In addidon to the coveuanu acid ageements made in the Securhy '
<br /> Instrument;Borro�•rer aud Lender further covenant and agee as follows: , '
<br /> A. ADN�I'ASLE EtA't'E AND MUIYTEdLY PAYN�NT CHANGES -
<br /> — _.-. ._ _ ._ =TheNiuepsewisiegfix.gsilniti»linte.rcxtrsHenf- _ �AT�ls..T6eNc�tersrt►Yidecf�rcttan�_--- _ ___
<br /> in the adjusta6[e interest rate and the moathly paymems,as fol[ows: � � �
<br /> 4. ADNSTAflLE INT�RFST RATE AND MONTMH.Y PAYNIEN�Ct3ANGFS ,
<br /> (A)C6aa�ge.Dates —
<br /> The adjustable interest rate 3 will pay may change on the first day of May � . 1996 .
<br /> and an that day every i2th month thereafter. Each date on wiuch my adjusiable interest rate.coutd change
<br /> is called a"Change Date." '
<br /> (B)The Index — - _
<br /> i3��girming with the first Change Date.my adjusiable usserest rate��+ill be based on an Inilex.The"Index" — _
<br /> is th:�v:eeWy average yield on United States Treasury s�Wsities adjusted to a constant manuiry of! year,
<br /> as made availabte by the Federal Reserve Board.The most recent Inde*c figure avaitabte as of the date 45 days —
<br /> , before each Change Date is called the "Current Tndex." �
<br /> � If the Index is uo longer avallable.thc Note Holder will choase a neN index that is based upon comparable ��
<br /> ' information. The Note Holder will give me notice of this choice. . , '�°_-
<br /> • (�C9ICQIAuOR OY�LA1IgC8
<br /> Before each Chan�e Date,the Note Holder will calculate my new interest rate by adding
<br /> • • Two and Seven-Eighths percentage point(s)( Z.8750%)to —___ -
<br /> the Current Index.The Note Hntder will them round the result of this addition to the nearest one-eighth oY ����'°"
<br /> �
<br /> oae'gercentage point(0.t25%).Spbject to the limits stas�S zn Section 4(D)below,this r�unded amount will � � ,Q;•
<br /> . be ru.�cew iacerest race until the next Chan�e Date. • --
<br /> . �ae Note Holder wili then determine the amount of che monthly payment that would be suf�icieni to �''�`
<br /> . repay the unpaid principa!that 1 am expected to o�ve at the C�an�e Dace in fuU on th�e Maiurity Date at my �'s���°'m"°
<br /> :-Y��
<br /> new interest rate in substantially eyual pay�;.nts.The result of this calculation will be the new amuunt of �••�:,���'�`�;; .
<br /> my�ttonthty payment. '°��~�'�"���''�'�'_
<br /> �x� irY_ •r1�� - "-�
<br /> �.��i �v..r�i:.- .
<br /> l ,, '2.'_r,1s�.�
<br /> tD) Llmits on Iqterest Rate Charrges . � :=���-:�+-+�.��.
<br /> .'., c�...t..i.:,-:.'
<br /> The interest rate i am required to pay at the first Change Date �vill not t�e gteater� ��:°-- .
<br /> than 8.8750%or�ess than 4.8750%.Thereafter,my adjustaba.c��.�rest rate . � ,
<br /> . � will never be increased or decreased on any singte Change Date by more than ° � �, '
<br /> . �e percentage point(s) ( 'I.0000%) ' �.
<br /> fro:Y!i r��:rate of interest I have been paying for the prcceding 12 months.My interest rate will never be�reater � '
<br />. thau • 10.7500.�0. which is calted the "Maximum Rate." '•
<br /> (�)EifectSie fl�nte of Ch3ases ' ' �
<br /> My ne�v int�.�s rate�vi116ecome effecu��on each Change Date.I wii�pay the amonnt of my new monthly ` ;'', : � ' ��
<br /> � payment beginnin�on the first mnnthly payment date after the Ghange Date untll the amount of my monthly • '_•�
<br /> �� payment changes again. � • '. ' '�;:..
<br /> (F� Notfee of Cbnnges ' . , . • �. ,1``°`,`�.'
<br /> The Note Nolder will deliver or mail tq�rne a notice of any changes in my adjustable interest rate and �' � � � �
<br /> the amount of my monthly payment before tl:e effective d�te of any change.The nodce wil!include information ��� .;,� ; � .;:.�, �.� ,
<br /> required by law to be given me and also the title and telephone nnmber of a person who svill ans�v�r any qnestion • •;r y`:7.
<br /> t rr,:sy have regarding the ttouCe. • • . . . :">��j;,'.� .
<br /> tdifil�i57ATE COi11itEAfiB1E AO�Jt19TABLE RA78 RIDFA—Smpte Fmty-1 Yem Treasmy hiGez�fannto Mae thutczns tnstrument , � .
<br /> ��-835A�a�os� vtigo t o13 Fortn 3118 t'til:� ' .
<br /> VtAV MOi#fGaGE f0it1YS� I600)52�J291 �1 .• . . .. .
<br /> L��,�,�4�� .�.. . ���������ll� �.�Jy�. -
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