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<br /> = �,,�.{,:� � AD�'iJSTA�LE RAT� ItIDER �Y
<br /> ��� � (6�Montb T-�3t11�Wakty Auctlon Ave�a�e(Investment)�RYLC Cpj19� �:�
<br /> �. 71�DIS ADIUSTABLB RATE RIDER ia taade tdt� 1,�'A�I day of J�,Y. 1995 ,aud is incorporated inw nrtd shnll '
<br />_-'�, .y°K :. be deemed w amend and supplement thc Mortgago.Qeed of'llntst or Securfty Deed(the°Security Insuutuent")of the same date gtven by
<br /> ��'•fa �hc undet�igned(the"Bomowct")to secura Botrowet's AdJustable Rata Note(the"Note°)w
<br /> y% yj�.j' M�i�i4O+YW ti{i�YfY � �a� �w-.
<br />�`��`'•'' (thB"Lendef')of the seute date and covctin�the pmpetty described ia the Seeuriry Inst�umcnt ead located n� '�
<br /> p_��.. ' , . �ai I� Y+i+�� Ci�AT� YEr3Ai�� I�SE 68803 .::
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<br />=����} THE NOTE CONTAl111S PROVISION8 ALLOWINA FOR CHANGE�IN THE INTEREST RATfE AND THE
<br /> - - °--` MONTHLY PAYMENT. THE NOTE UMITS TH�AMOUNTTHE 80RROWE�'S INTEREST RATE CAN "�'
<br />�,..L:';: y ° CHANG E AT AN1�'ONE TIME AND THE MAXIMUM�iATE THE BBRROWER MUST PAY. ����`;
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<br />:_{,�,,�„r.,. • ADDTf(ONAL COVFNANTS.In addition W the covenutts attd agc�eementa made in the Security Iu�trumen�,Boirnwer ar►d L�ettder ='_
<br />_?����;. � t�uRhr,rcovenaataadagnc esfollows: �'='--
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<br /> '�'�'� A. IIVIEPEST RATE AND MONTHLY PAYNI�1'T CHANOES �:�"
<br /> ._',,. ..
<br /> �.,,�` 17u aom pmvidrs for aa lnid�l interest tate of 7.Z50 46.'Ihe Nou provtdes fot ehanges in the interest __
<br /> T"�."` rate aad tha monthiY I�Yments,as foAows:
<br /> �a��� 4. ICV 1�S'1 ltA'f$AND MON'iW.lf PAYM�[VT CHANaES =_-
<br /> ?;:�a�. (A)C�cnBeDaus -
<br /> —�-��� -_
<br />..;;-'; ,,�>•��• 'lhe iattrestrate 1 wW pzy may chauga on the fltst day of �� .19 96 ,and on that day every 6th month �-
<br />--.:_��� t6sreattet_Baeh daiaonwhich my interestrate could cl�amge is caUal a"C6ange Date." --
<br />-.�����-�= (6)T1u Index
<br />`�;����� Begianing wlth the first chaage Date.my lntcrest rate w11I ba based on aa Index.'!he"Index"Is the weelcly auction averago -
<br />:?�:�� (iavestme�t)oa 6-month te�svry bWs,as mnde avsiln6le by the Fedeete�Res�+a Boa�d.11u most rxettt Index Rg�u+e availablees of the °--
<br /> v�Df u_� dste 43 daya before atcb Cbange Dau Is ealled tha"GUte�ent Indes.° _
<br /> ��.��,� If the iadex is no loager tvailable,tlte Note Holder wW choose a atew iadex which is basea upoa comparable info�atlon.11ie Noto
<br /> '='n"" HolderwlU give ate aodce oi Wis cholce.
<br />'t;ii�:c�!
<br /> .,-�-• --- (C�Calcuiadonof Changes ALiD'�E ffit�
<br /> -"�°`''_`"��` 8efotc atcb C�anga il�ate.iLc Nc�ic Nu2�wilt�:a2eui�W�a y uew iAtetesi�ate y�a di�$ �gz Ixsiaio( �.�7.�i :o) ° _
<br /> ��sr"��'� w the Qnrent ladc�.T6e Note Holder wW then round the raWt of thls oddidon co the nearest one-eighthof one percentage point
<br />°��� '""��, (0.12596). Subject to tbe timits statr.d in Secdon 4(D)balow,this tounded amouat wW be my new intenst rate untll tha next CLaage Date.
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<br /> :�,,:� �elVota Holder w1U Hua deteimina the omount of the montWy psymau that would ba su�icieat to repay the unpaid priaclpai that I
<br />-�°�""�� am ea�pectedw owe at the Ch�age Dsite in tWl on the aatiwlty data at my new inter�t nte in substeaHellY e9ual[�aymenta.'!hc t�vlt of
<br /> �_ thfs ealculsdoa wUl be the new amouat of my monthtY PaY��
<br /> __-�-_-_ (D)L3mits on Inte,r�t Itatc C6aages
<br /> ---:__—= 17n taurest tate I am t�equired w pay at the fitst Chaage Date wUl noi M greatar than 8.000 Sb ot less th�a 6.S00 9�.'�
<br /> " after�my fintet+est rau will naver be increased or dect�eased on any single Cbenga Da�e by more than 3/� peraatage points(0.7509b)
<br /> - � from ther8te of intetest i I�ave been psyInB for We praxding sla moatba.My intw+est tste wIU tteverbe gneatet�an 11.75�.
<br /> -----_ (�Effective Dateof Changes
<br /> ��-�--�--- My new interestrate wIll become ef�ecdve on each Chheoge Dau.I wlll pay the emount of my aew aontWy payment begirmiag on ihe
<br /> _ - - ti�st montWY 1�Yment dnte after tbe Cha�ge Date until the aacouat of my moatblY PaYa►ent chanBesageia•
<br /> (E�Nodce of Chmges
<br /> �e I�Tou HolderwlU�Reliveror mail w ma a aotice of atry cheages in my interest taie and the amount of my monWly paymaatbefore
<br /> = tha effadvadate of aay ct�aga The notice w1U include infotmation nquierd by law W be givea me aad also th�dde aad telephona -
<br /> - -___- numbetofapetsonwhowillaz�swetanyquesdoaImsyhavaregardingtheno8ca
<br /> -= - -- B. 1�tM73PFR OPTHE PROP�tTY OR A i1P�i�'�iCIAL IIV1�RFsST IN BORROA►Ett r
<br />- _--_= _ Unlform Cov�naat 17 of the Seciuiry Iastntment�s amended to t�ead as foAowa: _.._.
<br /> - --_— 'IYansfer of the property or a beaeRclal IQterest in bortower.If all or any part of the propeny or any int,erest tn it is sold or ttausfetred t-
<br />.�� (or Ua beneficial intenst in Botrow�r is sold or teaasfeired ead Boirower�s not a nawrel pecson)wtthout Lender's pxlor wriuen oonseag
<br /> -- --�:; Lendermay�at its option�require lmmedlatc payment ia full of all sums secared by this Securtty Inst�umen�Larder also shall not exercfse =
<br /> `:;�� ilils opttoa lf(a)Bouower causes to be submitted to Lenda infoimaallon zoquired by Lender to eval.nete the intended ttaasfere�e es if a new �:�
<br /> .::.a:�, Fy-
<br /> .:: ��� loaa wen being made to the trau�fereo;and(b)Lender rCasonably detemiines that[.ender's securlty wIll not be iedpaired by tha Ic�an 4i
<br />;:����a essumpdon and that the tisk of a breach o�eny covenant or agreement in this Secudry Iast�ment is acceptable w Leaden N;_-_
<br /> m�''�'�'`��A�� '•� To the extent aniaed licable law,Lender ma e a reasonsblefee as a condidon to Lender's consent to the loan �"�
<br /> -. .» ,��:-,, Pe bY gPP Y��8 ��_�-.
<br /> �':n•_�....� 4':__-
<br />_=- .. � ,.� • assumpdon.Lsader may aLso etiquire the ueasfetee to sign an assttmptson agceement that ls acceptable w I.ender and that obligates the ;.,.-:_-
<br />°``.��'�`��: eep pi,omisey and agraments made in the Note aad in tLfs Securtty InsRuraen�Botrowet will conttnue w be =z, .
<br />.-�:-:;��r., ttaasferee w k aU t6e f ..�.
<br /> . '� _ , obligsued nmder the Notn and this Securtry Insuument unlesg Lender�eeIeases Botrower in wrlttng.
<br /> � If Leada exereLSea the option w nguire immediate paymeat in full,I�ender shall give Bon+ower notice of acceletadon.'Ihe notice :
<br /> . - sha11 pmvide a pertod otaot les4 thaa 30 days from the date the nodce is deUvered or mafled wtthin whlch Bott+owee must pay all sums
<br /> -,� secured by this Security InstnimenG If Bonower feils to pay the.se sums prior to the ea�pirat�on of this pedod,Leader may involn any ,,,
<br /> '� -�."' teanedies petmitted by t61s Securtry Insuument wiWout fuitber�sotIce or demand on Bottower.
<br /> -::i��.. �� BY SI�N3Nt3 BFdAW,Borrower arcepts and agrees to the terms aad oovenants coateia this Adjustable Rate Rider. .�
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<br /> -, y�, MULTISTATE AOJUSTABLE RA7'E RIOEFI-ARM 6-2-Sing�e Famity-
<br />'` ?;r•.��„o��: Fa��Ie Mas/FreddieMao UnHorm instrument Fnrm 3111/3/86 E�C3033(REV 03/93) ��
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