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r LOAN NUMBER 21OS37O1S 'RENEWABLE RATE MORTGAGE" 80- oCi'?~152 THIS MORTGAGE CONTAINS RENEGOTIABLE INTERcST RATE AND AUTOMATIC RENEWAL PROVISIONS. THE tNTERE4T RATE AeW YON7HLY PAY~MyENMTp9RATRE SUBJECT TOyA0.IUSTMENT.~Qp•~ g~p~Rpp $p $~Y~' (+ r anaa ~A AiihU~LD,Dl1i18D44d allot wZte~b.e.ea trio Marttlapor thmein °btxro.ary. aria tlr Man- 17~' t P~SS~Be'R. Home Office. Ltaeela• satasata a cgrpgratqn aganlied arW exisunq under ter hers of tlr Untied Stales oe AmerlfA whose address ra 3a6 S lltb 3[., Liorola, saaeeeka Itwrsn "Lender) WHEREAS. eortovyer is irWebted to Lender in the principal sum of PORTY THOUSAND AND NO/100[h° ,wlys tt~• which indebtednes9 is and anon De evidenced by Borrowers Renewable Rate Mortgage Nee turd rerwwals therol dated DECEMBEE 17 • t4. $O • (Mann ~~NOIe'), prorrdirlg for morthly installments of principal and interest, wim trio hereon of tlw indwtedrleea, it not aponer PakL drape aerobia i1YWllt on DECEIdB ER O 1, 148 3 : TM Note win rte autamamally renaered m sawl Renewal interyele tmbt t7remkekgebM6 rtes evidancetl M the Nme is fatly witl on DECElfB EH Ol , 2010 : e.ch Renewal Loazr term awl be ter acme length ore ttr leitial.Lam Term teas any Extended Penatl. If the Initial Loan Term has an Extended Period, ptert the ffna! Rarwwal Loan Tepn ie reduced by 8181er18tt! a trio 41e11da0 Pefloa. DEFINITIONS - Itdtial Lere Term-That period of timetrom and including the date of tnia~NOte toaM including tae day 36 ralentler mantas lromtM tlardthis Non. E:tend.d Period of Initial lean Term--That period of time no longer than srx I6l calendar months wnipn, for bookkeeping purposes, precedes Ihsday on yxeueN the fhtglnal Index Rate is determined IhereDy making sucn Imtial loan'fevm mature won other 9ugn loans on the soma day 'y6 nbndar mordM from the end of such Extended Peridd. If an Imbal Lden Term he9 an extended panDtl Rursu~anl to tors deflmtnn, then Initial Loan Term rrreans that period of rim! hom and inctludinq the date bf Ittff Note, to and rncluging the tlay 36 calendar monm5 from the dale of the Note, plus the length Df arty Fxtertded Perrod. RNNlwad Imenal-rnat period of time eoual to the length of Ire Initial Loan Term less any Extended Penal of sucn Imtial Loan Term. Renewal Lawn Tarm-Thal period of time beginning on me flint day nett }ollOwtng the end 91 th9 Imbal Loan Term griping '{((~y calendar ma1tM Inter. For purposes of renewals subsequent to the first renewal Of tins loan. Renews{ Loan Term means that period Ot rime Deginnm$ bn [he first day neat followirq Iha end of the immediately preceding loan Iertn antl entling 36 calendar months later. if this loan has an Extended Period of the Innial loan Tenn, tMer1 as to the final loan term. Renewal Loan Term means that period of time beginning on me first day nett following the antl Of the immediately preceding loan term and ending on the maturity tlay of the Mortgage. Notln PMatl of Renewal-That period pf time at least ninety (90I days before the last day OI the initial loan Tenn or Renewal Loan Terms, except for the final Renewal Loan Term. IMrwwal Noon-Written notice, according to the form prescribed by federal regulation [t2 C.FA 5ab.6 - aale11t980y to be sent by the Asaoclation to the Bor~ rewNls) aI least ninety (90) tlay5 before the last tlay Of the Idrtial Loan Term or Renewal loan Terms, except to the final Renewal Loan Tenn. 3ndfi-The MOnlhly NatlOnal Average Mortgage Rate Index For All Mala lenders. TNS Index reflects Ina contract interest rate on the purchase of prevrou5ly Occupied homes as computed by [he Federal Home Loan Bank Board and publrsh¢d monlMy rn m¢ FedMl Morita loan BYdt Board Joumd (Table S 5.1}. Odgina/ IaMez Rata-The Index rate as determined on the firs) day of the 7mllal Loan Tarm. If Ina Inrtral Loan Term nos an ExterWetl Period. the Ongrnal Index Rata means the Intlex race ore determined on Pha first tlay of the Inrtiel Loan Term plus the number of days in fn¢ Extended P¢rrod. in any case. the Orrgrnai in- dex Rorie must 08 the Index rate as reflBCled rn me mg5t recent I A¢X made aver°.abl¢ ny the Federal Home Loan Bartle BOard'xhenWr D+not the moat recent In. dez has 4raan O!ncla!iy published in toe Federal Home Loan Ba# Boars JoumN. Ongi0al Ifllareet Rau-The rnnBet rate rn ¢Heo; dVr!ng ton inrtral Lden Term Rerreenl IIMei Ran-The Index rate as Bete+mmed at the time the Renewal Notice ~s sent i0 me BprrpW?n5t Ipr In¢ next Renewal Loan Term The R¢n¢wel In- dex Rate must be the Index rate as reflected in [tie most recent mOex mace availabr¢ dy tn¢ Federal Home loan Banz Board wnetner or not the most recent rn~ flex has been officially publishetl rn the Federal Roma l.wn Bank Board Journal. Rwlewal Interest Rab-Toe interest rate in effect during a Renewal Loan Term When the Initial Loan Term Or any Renewal loan Term rs renewed. the only prwivon that may de changed in Ina NOTE or in tM MORTGAGE is Nor contract Irtenet rate, including any Change In the amount of me monthly rnsnllments of pnncrpal and interest necessary to amortr2e a loan wim the same prrncrpal arW at Me aaRre interest rate Over the remalmng term of Ih13 MORTGAGE. At hest ninety rye) days before Ina antl of the Imtial Loan Term antl any Renewal Loan T¢m5, ez C¢pt for Ina anal Renewal Loan Tarm. Ina Nore holder snail Send Me BOnowert5) a Renewal NOlice which states. among Other things, the Renewal rntereSl Rate and new mOnlhly installment for Iha nest Renewal Loan Term. r Toe Renewal Innrest Rate /Or a Renewal Loan Term Shall De based on ins movement in the MOntnly Nanonai Average Mortgage Rate Index fa all mayor IeMere. TnrS Index reflects the contract interest tale on Ina purchase DI previously occupied homes a5 computed by the Federal Home loan Bank Board antl published moonily .n the FeWrN Home Lban ea# BoarA JoumN liable S 5 t 1. 7ne Renewal Interest Rorie for a Renewal Loan Term shall be calculated rn Ina iolkowmg manner 1. TM df//stance must M found between Ina Renewal Index Rate and Ina Original Index Rate. 2. The dllterrtn, found In 1 BDove must be added IO Irl an rncrea5el Or 9uDtracled from lit a tledrease) the ongmal IMeresl Rate. 3. Tne Ilgwe nurw rn 2 above r9 me Renewer Interest Rate for the next Renewal Loan Term d Ina drlference between teal flgws dM IM inrero9l tale IOr She current loan term d0¢s not eac¢e0 the rnnresl rata Irmrntrons Stated (lelOw. t. If the OiRerence between mat ligWa and the inlenSl rate for the current IDan term does not exceed Ina interest rel¢ Irmdaliona staled DelOty, loan Ina Renewal Interest Rata for Iha next Renewal Loan Term i5 the interest rata for the current loan term plus (t an increase) or minus lit a decrease) tie maximum increase or decrease permrttad below. Toe mavmum interest rate rrxrease Or decrease rs Ono-hall of one percent rg.5°/e) per year murtlDyed nY Inc num0¢r or veers in the loan Tarm. At rp Irene during the term of this MORTGAGE may the maximum Innrest rare increase or decrease pa greater or lass Irian tiva percent!5°/ol over or under the Original lntere5l Rale InuNa[ tale dec+eeasa Irom the prevrOUa IOdn rerm are mandatory. Inter¢at rate rnCredSeS Imm (tie previous loan term are pDtional vitro the AssoctanOn. TO SECURE TO LENDER (at tM repayment of the rrgeDtedness evidenced by Ih¢ Note, won ~nnres: rnereon tn¢ payment of an other sums, vitro rnnrost tfwreon, advarmed rn apgO+dinpe nerewun t0 prOlact the 9ecuntY Of [firs Mortgage, and the performance Ot Ina covenants and eg+eemenla of Borrower herein contained, and IDI the repaymanl Dr any future advances, with merest thereon, made m Borrower oy Lender pOrwanr ro paragraph 2[ nereol therein Future L ?26A 6bOSgt RRM MFG --- -- ,tumbler ~ v "r Sr