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.�, : --- ._. -- • __ - _ -- - �,..,, �..��. _ .r , ., . 4:��J'4`� �,��►��1" — .�TA.1��TA�I�I� �A�1� �t�i?ER . -_ � {1 'Ye�r'1'rwwrY Irdtx---ltr�k(:�p--}'fnw!itale(::o�vrr�kr�p►plbr) dr� �f �y 1�95 — '1�-GiSAki1'i1a A►�l,:.;.^.!�'.C:C:►J:..'::.�!*.?•_•.rl.��. 31�3� y � � and is incurQoratai into xt►d yhRll be deemM ►o Arr►rnd Rnd supplement the.Murt�age. Doed u['Crurt o�Security peed(�he"Securiby Instrum�it")af the eame s�Rte Qive�t by the under�ianed i�bt "B�rrowef") to stcurs Eic�rrow�r's AdJust�ble Rate Na�e(the"Note" to �„1� FFQERR�. �1V 1 NQS . (t�e "l�ender")oi the same date and�ovcri�g the prap:rty c!e�cribe�i in thc,ecutiRy IRStrurrzr•nt and lc�cur.ed Ax: - '1415 YVEST 157l1 STRE�'C �� -�• � 6�� (Property AtlJrau) TM�N07E CCDwTA1NS P'�i0Y1S10N8 AI.LOWING FOR CHI1Nti�S iN THE iMTEF1E&T RATE AND THE MON�'HI,Y P�AYMf11ET. TFIE NOTE 1,IMlTS THE AAAUUNY THE BQRflUWE4i'S ADJUSTABF.E IN'�REST RATE GAN CNAl�K�E AY ANY ONE 1'IME AND THE MAXIIffIlliY1 R�1'i'r�tie Ba�nnaiiricR�A:;.°„°.".`:•�'!�!E N�?��p��i1 C:QNT/11Ng THE OPTION 70 CONVERT THE ADJU5TABLE RATE TO A FIXED F4AYE. ' i.�.vr.w��.w1TC i.. ..Aditfnn �n �he covenanu iud acreem�nrs made iu I6`IV :i��ui u� � e�luLaiivi:ni �.v.�........... ... «.._..---� lnstruincnt, Borro�ycr and Lender fiirther covenant and agree as follows: A. ADJUSTABLE RATE ANn MO[VTHLY PAYMENT GHANGES Thc Note pcovidcs for an initiaD interest rate of 7.00QO%.The N�te provIdes for chang�s in the adjustable interest rate and the monthly payments, as foilows: 4. ADJUSTABLE INTEREST RATE Ar1iD MQNfHLY PAYMENT CIlANGES (A)ChAnge uAtes � �ggg � The,udjustable interest rate I will pxy may change on the�rst day oF ,u� and on that day every 12t1�month thereafter.Each date on which my adjustabl�lnterest rate could change is called a "Change Date." , �B)T6e Inckx Beginning with the Crst Change Date,my adjustable interest rate will be based on an lndex.The"Index" is the weekly average yicld on United States Teeasury securities udjustcd to a constant maturity of 1 year. - as madc available by thc Federal Reserve Board.The most recent Index�gure available as of tlie date 45 days before each Change Date is called the"Current Index." If the Index is no longcr available,thc Note Holder�vill choose a new index that is based upon comparable � information.The Note Holder will give me notice of this choicc. � (C)Calcalat[on of Changes — Bef�re each Change Date, the l�fote Holder will calculate my new interest rate by �dd1nII � Two artd Seven-E i ghths perccnta�e point(s)( 2.8750 %)to - the Currcnt Index. Thc Note Holder will then round thc result of this addition to the nearest one-ei�hth of -- one percentage point(OJ25Q/o).Subject to ciqe limits stated in Section 4(D)below,this roun�'ed amount�vill = be my new intcrest rate until the next Change Date. '# The Note Holder will then determine the amount of thc monthly payment tl�at would bc sufficicnc to ".; repay the unpaid principal that I am expcctcd to awe at the Change Uate in full on thc Matusity Date at my =�� new interest rate in substantially equ�l Qayments. The result of this calculation �vill be the netiv amount of � my monthly payment. _;� (U) I.imlts on Interes! 7inte Changcs The interest rate I am rcquired to pay at the first Change Dnte will not bc greater -: than 8.0000 %or Icss than 6.0000 %.Thcreafter,��y adjustable intcrest rate `_� �vill never be increased or dccreascd on any single Changc Dace Uy more than y,0000 Qlo) --� . �e percentage point(s) ( _� fram tlie rate of intcrest I havc bcen paying for the prc�eding 12 months. My interest rate�vill never bc greater =?� than 11.00OU %, �vhich is called thc"Maximum Ratc." _=:� (C) EtPcctive Uate of Changcs ivly nc�v interest ratc wili become cffectivc on each Changc Date.I�vill pay thc amount of my ncw manthly t� paymcnt bcginnin�on the first monthly payment datc aftcr thc Chan�e Date until th�amount of my monthly paymcnt clian6es abain. •.�� (F) NotEce of Citnnges _ _. .. .. . ..:�� _�:..______.:� ........ .. ....�:.....�f anv rhanoac itl mv adiuscabie interest rate and _ IIIC rvo[c nuiuc� �v�u ucuvc� vi �u�a�� ..,�.., ............ _. _..� _..--o- thc amount of my monthly payment bcforc the cffective date of any changc.The noticc�sill includ�informa�ion rcquircd by law to bc given me and also the title and tcicphone numbcr of a person who�vill ans�vcr any question l may liavc regarding thc notice. MULTISTATE CONVERTIBLE ADJUSTA6LE RATE R�DER—Sm�U Famly—7 Vonr Tronsury Indux•Fannlo Moo Unlform I�st�ununt �•045.A�s»�,i Nnuo t o�3 Form 311B tl89 V�1PAtONiGAGEFORh75 • 18001621729� I��III�III��IIIIII��I�IIIII{II�I � ��RrimW on RecYd�d Pap�r I 'iew q�„ ,;,,.. ',. _