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r 84,~ 00669.1 Loan No.. n .~ L NOTlCIl: 1U SBCUBITY INBIlRUMJDfJ:',SBCIJRBSA A 'PROVISION ALLOWING FOR CHANGE IN THE CREASES IN THE ~11S.tC.1'li6'T RATB WILL RBSULT IN DBCRBASBS IN THE Thl'll!ilU5lSj' RATE WILL RESULT IN La ThisRic.ter is made this ........24t.b....... day ol....................~.......-.(;......,t_~;ft into and shaU be deemed to ameaci and ........lemeat the ldort,,~e, Deed of TrIISt.orJ.1eeil (the "Security Imtrumeot") of the _ date an- by the ~.(tIlej~~) rowet"s No1e to .................................................m........m_................................:.....n.....:_:~..........__.., .f.im..rgr~..~y~...~..~..~~..9t..~,...~..~~..~.:~.A.~:f~:;)i;;~;;, ~'=l.ofa~.~?~~~.~~:!~~~.=.t~~~~~~~73 Property Address MODIFICATIONS. In addition to the coveaanta and ~ta made in the SecurityIn.m: lilllll,..... rower and Lender further covmant and agree as follol'"s: 1. INTEREST RATE AND MONTHLY PAYMEl'f'T CHANGE DATES The Note has an "IDitia1In~ Rate" of .......JQ..1.~Q. % ~rate r~nges may ocCifr-oo-tne-T5t'aayor:=:==:=...J;~............m. 19. .... and oathe 1st day of .................._..........................., ullifi.... and on the 1st day of ............n..~..._......._.... 19J~j... and on the 1st day of ..........................~.......... 19...tl6. and. on those dates of those months in f1IrfIfCY year u-fter. Each date on which the rate of interest may change will be called a "Rate Cbmp Date". Chanps in principal and interest paymenta to adjust amortization of the 10lUl to C01'l'eIIpODd with iDtenet rate changes sball be made on the 1st day of ......................:r~.............., 19...8.6. and. on that date e\-'Wy ...........-:::::=.... year(s) thereafter. Each date on which the principal and intenllit payment mq change will be called a "Payment Change Date". ~ INTBItEST RATE CHANGES (A) The Index ~ with the first rate change date. my interest rate will be balled on an index. The "Index" is the: (cbec.k one box to indicate Index) (1) 0 "Contract Interest Rate, Purcluue of PftmouaIy Occupied Homes, National Awrap for aU Major TypIii of l.eDders" published by the Feden1 Home Loan Bnk Board. (2) l>> ..~y...~~..y.~J4..~..!.J.&~..~,~i,;;~.~j~..t;?..~..........,.. ................................~..~~~~y...Qf.)...~_~~,l:ly.,~.~~~...~..~.~.,'" The moat recent lodes 1ipn available as of the date 15 days before each Rate Chance Date and 45 days before Mch Payment Chup Date is called the "Current Index". If tile Index is no loll,.. available, tile Nftit HokIer wiH choose a new Index which is balled upon ~ inbmatirm.. The No1e Holder will give me notice of this chanp. (8) Caleulation of ChuI- .BefoR eaeb Rate ~ Date or Payment Chanp Date the Note Holder will cakulate my new ~ rate by add.iDc ""..~,45.. .... pen:entap points L..?!A5.Q..%) to the Cu.rrent Index. The results of this addition will be my new interest rate unW the next Rate Change Date or Payment Ch.ange Date. OIl each Payment Chimp Date, the Note Holder will then determine the amount of the monthly payment that woWd be ~t to repay the UDpaid principal balance of my loan I am expected to owe on the Payment Chaqe Date in /lill on the maturit,y date at my new interest nate in liubltantiaUy equal pay. 1MB.. '1'h4t l'lIlIU1t of this ca~ will be the IlmOU8t of my new principal and inmeet payment until ~ Mst Payment CIwIp Date. (Chedc 00.(15)) n) 0 If We bu is c~. ~ will he 00 muwwl1 limit on c~ in the int,_t nate up 01' down. 'n.l~ rate IllI ca!cWated ooda'Section 2 (8) will be the new int.erest rat~, (*) . II this bu ill <:hocked, the rn~ rate that I pay mau oot illCfeIlM more t.han 100.. ~ ~ on alll)' PaynlOOt ~ Date. n'> 1.3 If tmI1 bu ill (:~ U.Ml in~ nlte that I pay ~1I oot docfellM me", than, 100,.. pmleo~ ,..te on any Paynamt Chanp Date. (4) 0 If 'tib box- c~ the il'lter~t nile that I pay shall 001 lIlu'e~l~ mott! than pmleo~ ~ Oft aD)" Rate Chmtp Date. I ~- - ,_, ./'WI ..J