95106506 - Laserfiche WebLink

Browse

..,� .i+• 'r•� RQrsL:n�ripTlA��t��.�.Ut .i�'9• �:'•i�fh ..t� �Sry,r� .i! �t '.,_ - ' f�5"'�:i��;�( t �•-i'v !�' _ f Vt,,._ ' !i.k a�i.�� ' _ ..-�.. R.'` . .. _— .. " _'._. ____ . .-. _ . _ _.... ' • � �t��_ �.Q�� • ADJ[J5TA�LE RAi►�E RIDER - � (1 Yar T�wry I�dea—Rnte Caps—Fixcd 1tRte Converolon OpUoe> THIS ADJUSTABLB RATE RIASK is made this �at� day of ��t��r � �Ag� � -- - aad is incorpor�ted into and shall be deemed to amcnd and supplement the MortBage. Dad of Trust or Securlty Deed(the "Srcurity Instrument")of the same date g[ven by the anderslgned(the"Bonower"1 to secwre Bonower' u Sbl�er Rats�Vot�(t�I�S BAI�IKt� . �� V (the"Lender")ot ute sarae dau and covering the progerty describeed in the Securlty Instrument�ad lacated at: 4129 I1tiF7111�f1OD IIt1VF QGND ISIr1I�ID. 1NE li880S , . [propertY AddressJ .. :�': �'. ' . 7HE NOTE COMTAINS PROVISIONS ALLOWIIOId FOR CHANaES IN THE INTERES7; '' RATE AND THE MONTHLY PAYMENT. Til� NOTE LIMIT& YHE AMAUNT TH� BORRO�'S�1D.lUST�BlE lNTEREST RATE GAN C1�ANGE�►7'ANY OQIIE TiME AND TH�MA7(IMUM RATE THE BORROWER MU�ST PAV.THH NOTE ALSO CONTAINS THE OP�ION TO CONVERT 7HE ADJUSTABtE RATE 'fiD A FIXED RATE. . ADDI7'[ONAL �OVENANTS. In addition to the cavenants and xgreements made in the Sec�uity Insuument,Borrowar and Lender further covenaat and egrce as follows: ' � � A. ADJUSTABLE RATE AND MONTHI.Y RAYMENT CHAN ES ; The Note provides for an inidal interest rate of �•7�1i.The Note p:ov�des for chaagrs in the adjustaille jntera*_rate and the monthly payments. as f�llowe: ; 4. ADNSTABLE INTEREST RATE AND MONTHI.Y�AYMENT CMNGFS � (A)Cbn=e D�ia ' The adjustnbla interest rate I will pay may change on the first day of �tober � Z� � and on that day every 12th montln thereafter.Each date oa�which my ac�ustable interest rate could chan�e is caUed a "Cbange Date." f8)T�e Iadtac I Bcginning with We first Change Date.my adjusuble iaterest rate wW be based pn an Index.,T�e"Indac" Is the wcelcly aYera6e yleld on Uaited States Treasury securldes adjusted to a oonstAnt maturIty of 1 year. , as made svailabk by the Federal Re,urve Board.The most recei►t Iadex tlgure avatitable as of the date 4S days btfore each Ch�nBe Dau ia called the"Current Iadeac." ' If tix Indac[s ao[onger available,the Note Holder wiU choose a new index that is based upon oomparable i infomaadon. ?he Note Halder will gtve me notIce of tMs choia. " ' (G�CalcYhtto� ot C�aa�e.+ ; Before each ChanSe Data.the Note Hoidar will c�lculs�se n►y new lnterest rate by addinR � TAO atd Seve�r-Pi�tfas �ao�ta�e lwis�t(s)( t.8?50 yi)to , the Current Indac.The Note Holder wiU thea round the result of this add.iNon to the aeanst onaeigb�th of � o»e permets�e poiat(0.123qi).Subje�t to tfle IImits statad ia Secdon�(D)below,this rounded amount will , � be my ne�v intercsi rate untU thc aext Chaage Data ; The Note Holder w(II then determiae the aanount oi the monttily paymeni that would be sufficient to � repay che unpald prindpal that 1 am expccted to owe at the Change Date in futl on the Maturity Date at my ' norv interest rats ia substantiatly equal payments.The rcsult of thts catculation will be the nea�amevat of rAY monthlY WY�ent. (D) IdNb o�Irlerest Rate Cbaaa ' The interest rate I am required to pay at the Crst Change Date will aot be greater t� 9.?500 4b or kss Waa 5.7800�Ji.Theceafter.my adjustabk interest rate , wiU ch.wer be inarrased or decreased on any single Change Date by more than . �^�� :_ , �yp perccntage point(s) ( �h` frem tha rate of interest I have been pnying for the preccdis�812�uont6s.My interest rate wiU nev�r b��:� w� iZ.2500�i.whIch is ritied the"Maximum Raee.•' (E) Et,ective Date ot Ctn�es My new interat rate wW beoome efBective on each Change Date.I will pay the amouat of my new montlily payment begianing on the frsc monthly payment date after the CRange Date wttil the amount of my monthiy payment changes agatn. � =--°---�r r,.....a �:� ,..a. �..-..--�-- The Note Holder will deliver or mail to me a notice of any changes in my adjustable intecest rrnte and tht amount of my montlily payment before the effec�ivs date of any chanSe.The nottce wiY[inciude Information required by 13w to be givai�ne an�also�he titie und telephone number of a person who will nnswer any 9uestion I may haYe regardin8 the notice. MtRTISUTL CONVEt171�!AWN9TA�LE RA7E!IffiE11—Sie��w+i►-1 Yw Trwwt►Y+dafr+nN IW�IA�ttam�aLw+�nt �.$��n�y v�p�t ot 3 FotM 51181/89 _ VR�R�OIKWG6 FOAMS•IEOOIS21•7191 ��.��.� i��r��