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<br /> - ' ��5�/�� �� ►���°� 200E7441 , `�` �_.,
<br /> j � , • � .(1 Yeat'i'ressur9 Ind�'Rate Cags) . • ' • . , , c �:��.
<br /> . ` � 3 ti S'� � day of d►Ud3UST . ' �;:
<br /> • � T'HI$ALINSTABLE RA'g'E RIDH�t is made this lemeat the Mortgage.Deed of ' �__
<br /> ' � .9 9S�S ,sad is'tt�sp��� iaio aa�s�ll 6e de�med to amr�and�j���-Bot�o�er.')to, : �'`�'`
<br /> � � Trmst or S�aritY Dse�(the Sesurity Iastcusr.�nt)of the.zme date 8i 1al' , ' �r
<br /> sec��the Boaower's Adjustabse Itate Note(the"Nate'�to A Federal fiauiags 6an1 �J�_
<br /> r� . TAe ERuita0le 8niiding anQ ta�s�As�ociatian of 3rend Istan4, ReDreska� �d l�d� --��
<br /> (the'Leaider"1 of tfze same date aad oovefiag tife p�pectY.dcs�nn�in the Securlty�Instrum�nt � - -
<br /> 1804 BARBARA AV� QRANQ YSI.AN��B�SKA @�801-6301 � _--_
<br /> THE iHOgE CANTAi30tS i+ROY�IONS Al�OWINi's FOii C#IAi1t3ES IN THfc tl�TEiiEST . --.
<br /> � RATE AHD'THE dtd0[�THtS€ PA1fMBNT.�E E A �ONE TlME�'AND � _
<br /> ,-� , �ORi�OW�"� I�EST 6�ATE. CAA1 (� . < . . .
<br /> � NlpXiMliM RATE Ti�{@ BOftROWER MUST PAY. .
<br /> . . . , . �1a additian w the oQaena�rs aad a��e in the Sec�rity 1�st��• � . _
<br /> ' A�DDTrIO����T�T� . �. ' ---
<br /> :,#.. � Batrow-er enb I.eader fuather coveu�nt and agee as follows: . . . _
<br />_ . . .. . .... .. ... ..... _ ...._IN. _ . _ . ._..._ ... ..- ------�- -----�----------- - . ...._ .._.... ---.-�-----�-� --� - --- � . .
<br />-�;� � ��� TE AND M011T.fHY.Y P,AYMENT CHAN�FS . '. ,
<br /> A . 7.000 ' %.The Note pmvldES fos Ch2ng�s ir►
<br /> � .3 � The Nate provi�tes fur an initial interest iate o� , � .
<br />_. � � tlte inier�st rate ait�the tiaouthlY Payme�s+as followa: . . ' �
<br />_ ' ' �1TEit�.Sr RATE AND 1MON�Y I�A�C�GFS . �
<br />- � 4.. ,. . . .
<br />-`� , '. (A)�D� on the fust da3+of SEPTEMBER , 200d .and on that
<br /> TAe in'�t rate 1 avill paY�Y��.
<br />=�,� � �day�eiY 12th neonth�.Each d�on whicb my i�ater�st taLe ouuld change is calied a°(9�ange D�.' ' -
<br />- - , ,
<br />-.� (B)TY�Itideg , � . � • . •.
<br /> -- ° � � geginning vritb the f5tsi ehauge�'n►Y intersti eate will be based on a4.�:,'�"�°is che�veefuly
<br /> y ' `average yield on United States Treas��5�h��.i�to a wnstant roa��Y Y�T,��e��2e by .,.
<br />-"�� . ' . .
<br /> - _ . � the Federal Reserve Bo a r d.The most reaent Index figure available ag of the date 45 day&before eac�Chs�Se Date .
<br /> ..� xs c�led the"�ni Iadex." ; ' .. • �
<br /> �_ � . . �:. If the�adex is uo longe�available,the No4e Ha�rii:tr�ill choose a naw iades�ie�firb is based upon wmpatabte
<br /> --a . .-'�fat�a�ioik TEie IrIote�lotder will give ms notice 4��.ctwite. . • .
<br /> � . � . � . . .
<br /> _ '`` . tCy Ca9Fxi3�an of C6a?u8es ,.:.�� , . calculate m .z�R'�nRe�est.��SY�$ . � ��;��;::,
<br /> — . Befare ea�h Change D�te,the Nat���i�de�� y ' � _�)to th��u:'ient � ,
<br /> . 1V�0 �
<br /> o�ziage paint(s)( 2:Qf�'•;�.:�''� �� �
<br /> � Iadex. 'Che Nota Hotder will�thcn ruur.�the res.�s:r���ihis�°�s touaded ar��w'ill be my naw lnterest ,
<br /> _� pOiAt(0.125;"o).,SuUject to the limiis sta���i�SC�:iu� iD) ....• , �
<br /> _- rate unW tbe neat ChanSaDat�e. , nt t6at would be snfficieat to repay the �.�-:�;
<br /> � Ths+Note Hoider willttien detesmine the amount of the monthlY FaYme Date�at my new in rate . :,�''����•
<br /> - . � ,uapaid principal that I am eape�te�to owe at the C�ange Date ia full on the Maturlty ?�, ,
<br /> aa , . ,
<br /> ;-.y in substantiaUy eqnal P�,Yments.'Phe resuit of this calcnisitton will be the aea a�gm of my moastily pa3t�aa� ..,- .:
<br /> —'��, . N)�;�its.on Lf4�erest Rate�� , ��: er tl�at�. �;:,.S�CJd % : ,' . .
<br /> `�"�,• � The inteiest rate I sunrequi�d tp��7 ffi the fust�hanS�e Date v�hll nat be gteat , -
<br /> —�_� ' or less than . 5.n00 �.Thereafter.my interest rate will�ver�e increase�or d�¢n .
<br /> —'"��� any single ChanBe Date by more th.w two peroenwSe Pniarts(2.0�)from t1�12 000�t.l6ave bcen�4Q
<br /> �.�:�� for the�receding twelve�tonths.M interest rate wIU never be greater than
<br /> = My interest rnte wil� never be lower thAn 5.000%.
<br /> '"���'" � � � (�Et[ective Dtete of�hauSes amount of mjr�new moffih1Y .
<br /> �'=�� � � My new inte�t rate will beeome effectivment date aRe�die aChanB Date until the aut�ut�t ug rnY monthht
<br /> �`�'�} ' payazent De�inning os�the first monthlY WY . . � -
<br /> .��" payment chang�s egain• �
<br /> � �a . . , • .
<br />��� � �Hot3�oY Cbamgcs . . -
<br /> .:�;'• �. The Note Ho2dsr will d�iiver or mail to me a aotice of any clis�nges in my interest zate and the amouns of my
<br />-:.�� '.` ' . . manthlY P�Y�before the effedive date of arry cbange.'t4ie n�otice will incIude.information required by Yaw to . . _
<br /> i�e�ive�me and alsa t�e tide and.ee2ephone num6er oY e person wlio cviU answer any qu�uon I may hi►ve
<br /> �_ .
<br />-_T� °; � � reP,aiding the notice. ` � _
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<br /> •'. ', '. 11lNE�ISTA4E ADJU�'rABIE RRYE F1DEA-ARM fr2•Singio EamiN-6sr,:sio�dealFreC�e&tao.Unttarm Irtstrumnnt . : -
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