|
<br />r
<br />
<br />
<br />84--
<br />
<br />003962
<br />
<br />
<br />:,:J,,,i::'
<br />\:,.F"~-o
<br />'C- ,~_-""
<br />
<br />ADJUST A.BLERATE LOAN RI])ER
<br />
<br />r
<br />
<br />NOTl€E: TltE SECURITY INSTltUMENTSECURES'A.'N()'tE"
<br />TAINS A .PROVISION ALLOWl1\l(}FORiCllANGE:$<IN~T.Hfii
<br />RATE. INCREASES IN THE IJlM'm.tEST lLA'l'JJ:wttL~tJiff
<br />PAYM'gNTS. DECREASES IN THE.' INTEREST RAn: MAy;
<br />LOWER PAYMENTS, .
<br />
<br />
<br />This R.ider ;smade this. 271:h_ day oL_,,~ 'JU~__.l9.' .6('... and ill I
<br />shall bedeemed to amend and S11pp~~t tbe Mort.gagtl. Deed. ofTtust,or:DOOdID
<br />Instrument") of the atlR1I> date givetlby the undersigJled(tbIl"Borrowet''l to~v~er'$\
<br />eQUITABLE BUILDING AND LOAN ASSOCIATlONorGRANDlstANO.NeaRA.$J(Jllt!l&". '
<br />same date (the "Note") and covering the property described in the Seeurity lnsti!u~t'$ml
<br />_"..__...._.lQ~L- ~"";i\~l!i:il st~..~.~~_i lAL6iH,L---.;.,c. . . ,
<br />Property Ac:/dn$s
<br />
<br />MODlFICA TJONS, In addition to the con>"MImt$ andllgreements made inthe&curitylnStTuDl.lt.i~""
<br />ro_ and Lender furthetcovenant and agree all follows: . .' '. . ." X'\
<br />A, INTERE8T RATE AND MONTHLY PAYMENT CHANGES, '. . .......,. .<............../.,
<br />The NQte has an initial intel'e9t rate of l2....,. "",The Note provides for changes in'theintetellt,l1lte~~.,c
<br />monthly payment as follow.:
<br />
<br />~:': c':-,>
<br />-.-,,:-
<br />
<br />
<br />HI RateCb....lI~ o..tes and Freqw..nc}' Thereof' Beginning in 19~. therateofinterelltltn11llt,~~\ .
<br /><:llange in the ..fimt....._._...day of the month..__~ .__.l.MonthAftm''CIosing.MODi:h);lu1.d:i1ll"
<br />that da}' e\c-ery .~._.u_~.,......mnnth$ therelUte!r. E!>Ch date on wlticb the rate of interest ~cluingeJlJ~;":
<br />II '. Raw Change Date,"
<br />(2J The ,....", llny c~ in the rat., of inu"",,,,!' will be ba.'led ...an Index. The "Index"is i! th$M~i
<br />Av....l1gII1 y,,,,ld on tiroli'd Stat..", Treasury ","",U[';;$ lIdjustoo tQ .. constant maturity of -.6.mOntbs>
<br />...;0;...1 year ........;l n',u~ .,....', vMr~ '" ",ade available hy thejl'ooetal Rillie...... Board.oI'Dtliil1'ta'
<br />tional M;mthl,. M,odillll'( :0.1 of f'ulld~ i~nn""llzEdt tn FSLIC lMum S.aVhlgS and Loan A!I8OCiatiol1B. lIB made
<br />avaUable by tlw Fed"ral Hmn" LOlm Bank Hoard. ,Chock only one lx..x.i
<br />
<br />Th<>fil1!lt Index figure to< thJ'" Now ,slO.SlO:1>. It 'Halled th... "OrigmaIIndu," The moat rec;entlyavai!abie
<br />I ndel< figure as of 4[, day. 1,.,1..,,,, oocl\ Hal.<;! change i. <called the "Current Irxiex,"
<br />
<br />
<br />If th.. Inti...)!; ,s no Ion.,.,.. lty"illihl.., the Note Holde.r will chou,..., a MW inde.. whicb i~ baaed upQIl eotnpal'llble
<br />lnformaliotl- Th" 'liot.. H,ltd"" wlil lOW /1... notJce of t.his cholee,
<br />
<br />(31 Calc"..".."" of Ch.aDg..., ll..t""" ,,"cll Chllnge I Ill\.<:. lm. Note llQ/dur wiUdatermlnelluy change in my
<br />n.te .)f ill~t.. Th" N.,u, H,>>dL>r will cllkulaU! my neW Ult.....""t rate by..dd.fng,....L.....percentagll polnta
<br />'.. .4:.. c,,; to tM Cutrent ind"", bod tUUf>dWI( tb" ",,,,uit tn tb... "''''''''''I. ,),,-,glll.a of one pe.reen~poiJ1l.
<br />1O.}25"~d- This rout~l aUKNnt. will})t' t,ht' n-:w rnt,f.> ui int.t;'re~t I anl r~uired-to pay.
<br />
<br />l"'he rtlJlXJm\,Uu Hl.h~~~t n'tt~ i wfit be- h,(~\.Br~ t.o p!:tY 011 Ltus lOH.n wiU he no. fnOte than ~_.,,_.'-~~._ The
<br />nnnimum ,;nt.t.r~l ful~ I ,\\..tH t}to ft>,qu.tn'(! to pa:.-' ~Hl. tJus hJ.Qu IJ\tiH ht:> .n.t') less than -- n/.A..-
<br />
<br />'rtw ;\iok. Hold"r w,U th"" d"t"rmm., th.. ""... amount 01 my' uK.nthl,\' paYIll.mt which would be sufficient to
<br />hlpIl)' th<> '>Ut.slall<illljl; prill<:Jp"i bAla"".. HI full on tl... malUrity date at my n"'" ratt) of illwrest in substantially
<br />equal pjly_n~" The r....uit of t!us rakulat,j';ll" railed the 'FuU Payment" and will beth.. new amounto! my
<br />month!..y pIl.ynwm
<br />
<br />.x: Pll(.lV 18101\ '\HI "pl'li<e...bl.. ')nly .! th" 00.' i. rll..""",1.
<br />
<br />t4~ Limit Oft Inlf'..fftit R.a.l,~ lnere~; The rtfl-t;- uf ~nl.l;~rt~sl I am r~uired 1,..u pay shaH neV~r he inc.re.ased Of
<br />t.1ee-roo.$t'ld on ao} ..inK.h:! HaLt."- ChanK:B Pat... b.\' mHn~ than 1 from lhe nll...! fA int.(~resl f MVl4 bt.~u. paying,
<br />
<br />(tol !':tleeth... l.lllt~ of Cb....g."., 'I'll<' '''''. r...t~. o! !lHert'Sl wlil beronit' df",'tiv,' on cad, R..~ Change DaLe. I
<br />will ()BY the Clt<:W -a.n10"Jul t)'f !l1)" HlUUl.hiy [}<:Iyn,c:t1l t.'~idl. !1ii..'itnth i)(~ginn.mg on the first monthly Iltl:ynl€nt uate
<br />aft<<' tiw Rate t.hanK~ Dabl untii the an.wunt- of tn.)" rnonthly ptiymeu.t ~:s again chanjo{(~i. or I hav€! fuUy reptiid
<br />thtlloon,
<br />
<br />f6l Notice of C.ba.cgH~ The ,~ot.e Holdel' wiU {nail or detivt."r to l1W .t noUcl~ ~_)J any du.tng(~s twforl' each Hatt...
<br />c.~ t.law.. 'rhe Not.ke wiU advise Tll€' uf the no-w tnh~rt'-sl- nit...:. on my k~H.. the amount uf my new monthly
<br />paylll....n\$, and 'Ill}' ~dditi(l!...l man€rS wiud, _h<' "ow Holde,. " '<"lull''''' to ,i>"dos",.
<br />
<br />ProVI.Momt Ani. !\tIll, Ai91. ,wd Ai Hl! applicable '.1I11y if I h" box '" ,h,~:'ked,
<br />
<br />L
<br />
<br />111 ~..",'" Rieht To LImit Monu.~ ".YIn"..t; Unl"", o;..:u,'n, /\191 all.i !\ilOl bel,;", "HI not. p'.rttIJt ow
<br />tti de Ill', 1l1lilye~ to limit th<o amount ..f my 'ww mon~hly payn>elll i..l1owi.ng a Hat.. Chal\~e Hal<' t.. ~t...
<br />_nt 1 ""VI'~" l"Y'ing tn\llt.lpli...:l hy Ih., nwul,.,'t !Iii!, Th,. am..unt" ,aU..d :lw Ltmil.ed Paymm'l,' If
<br />I (',~ a l.iruitttd Pft}'flleill d;,'!jO tn,}' nwnt.hJy pa):'rn:{-<nt.. i rm..i.$l, gJYt~ tJ~f' :~~H,'~ lioh:1.{"t notk't-' that t din doin~ '1U
<br />~J i.tJ\lliUtl Jf~ day~ hefOf-t~ n.l~Y Hr~t oow fUQ'ntJuy paynltmt f"- du~>
<br />
|