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"�.•-r-n:rsw� u - .�.�+r-•-"--•..-.-.... ....� �.-t. 1 •,. ' . , . • �.•�..7tJW�.MnW�M:'�FNMF.ip+'t�tdlltirll �I,i.iyl�1 • , .a�.s�v�.Mo�..oRilrqnv4pfs�.w•�e.. � ;i ' . ....�. _ ....,. ... . . .. 'dJx��Jt::s��-- --- �, --r-s�---_- -�----�.,.,..�... ......_�,.___........:.,......Y. ----=7�r.��-�__-- �., .^l +� -- —_- - i �V : 'Y �w•• . ' "'.�_�.�.�j�Ar(ii2�:.RC+.�w.'� ._—�_ _�r�._'.,.�.,: �i�:-•- ..__..�.:- _— - - -_ __ _-- _._ ....�.��.... ._ �--2"'_.�c' - • • � � : ��• � �.- ti �� µ} �i� ^`.. AI:�JIJSTA��LE, �,T� RIDER 20027569 -- _� p Vear Tr�es�sury Inttox••ltpte Cape) -' � TF1[S ADJIISTA.BLL�RATE RIDHR is made thls i 6YH duy u� CCiO�lUAFiY , � 1996 .nnd is inaor�x�rntcd into und sfiali be decnx;� to ame.ncl and supple�rknt thc Martgagc.Ueed of Trust ar Security Aood(Ihe"Securiry Instrument")of U►e same date given by the under�igncd(thc "Rorrowcr")ro Sccure thc 8orraw4t's Adjustablc Rate Note(the"Note")to Th� Eauit�61� Autldln4 �nd lotn As�aciet!on of 8nnd iel�nd, M�Er�aN�, A f�d�nl S�vino� dink (the"L,endex"�of the ssnx date nnd covering the property describai in the Security Instruntent nnd located nt: 1i7 W 18TH ST QHANI� ISLANU� hfElit�NSkI1 6bnG9-2306 ` [Property Address] THE NOTE CONTAINS PROVIFIONS ALl.OW11dt3 FOA CH�4NGES IN THE INTEREST RATE AND THE MONTltLY PAYMENT. THE NOTE LIMITS THE qMOUNT TNE BORROVY�R'S INYEREST RATE CAN CHANGE AT ANY ONE TIME AND THE 14!A.�S!!41�1�M RAT�Tii�BORRDWER MllST PAY. �. ADUITIONAI.COVENANTS.In addition to the oovenants aod agrGCmentF inade in the 5ecueity lnsnument, Borrower ancl L,ender further covennnt and��rec av follows: h.WTFRE.ST RATE A[VD MON'['HY.X PAYM�N7 C{IAlYGE6 '[7�e Note provides for an initial interest mto vf 8.826 %.Thc Nute provides.for chan$es in tha iaterest eatc and the monthly pay�ncnts,as follaws: 4.iNTERFSf RATE APIA M(1NTHLY I'AY1ViEN'T Cf#�NGES (A)Clumge Ilates The interest nta I will pay may change on tho finst dny of (r1AF�Cti . 20n1 ,and on Q�at �,�,u every 1?.th month tt�ereatter.F..ach date on which my tti�terest rxte cou[d chiui�;e is rslled a"Change Date." � ' t'l�)Tl�e Indax , � ,"�•Se�inninR with the fir�t Clu�nge Date,aay iut�rest rate wilt bo br�sed on nn Index.'I'he "Indax"�s the woeYly ' • avexu$o yield un Unitod States'�'rasury secutati�.v adjustod to a constant maturiry of 1 year,as m��C av�ilublo by ' �hc iFPpcml Reserv�Hoacd.7'her most raxnt inde�flgurc availeblo as of the dAtc 4S�isys bofore wcN�Chxngo Dacc �$Ci1.eV'd t}1C"CUTTGitI TI1dCl(." , if the Indtx is no[ongcr nvAil�ble�the Note Holder w111 chcwsc a new index whic4e tis bascd upon comparable lnfomu�tion.'i"kw Note Iioldcr will g8ve mc noticc of this�hnia. ' (C1 Calculatloa o�Ch�►�c , Heforo ach Ch�nge l�me,.�ihe i�ldte No!der wili calc�ll�te�ny new interest rnte bg r�dding ' . �y,p ' perr,entage�ulttt(s)( 2.OUQ '�� 96)to the Curnnt � � � � Index. The Note I#alder will thcn ro�n.t tihc nsult of this�ddition tb�ftie t�eare.st une-eightl�of onc perca�t�e point(0.12596T.`8ubjort to the limits atatmsl�n.5oction 4(D)below. ttt�s rounda�l unount will bc rny,rxw in[ercac �',`� ratc until t}�naxc�.hAngc Uue. ' :• :;it;'� ' 'ihc Nota Ho��lcs will tha�determine the emount of the monthly p�yment thu would 6c sufficlent to rep+�y the �'; •�: urq�id principi��tt I+un cxpxted to owe at�he Char+gc Date in full on the Macurity Date at my new intctrst nte , ;';•.:::� in aubahndalY�equa!paYments.'Y'hc result of this�lculation will be tiaa a�ew anxxmt of my monthlY pe�Yrncnt. � (Uy lUmitx oe Iniawt Rat�e Gluinge� 't'he�interGSi rate I un��rr�c!lo pay at the Crst Ct�.nge Uato wiil not be grc�ter thu� 8.626 96 or ltas th�r► 4.d25 5b.ThereaS4.��.+ny interest rate will ne�c't��I��or decrtasait�r � Any ain�lo Ctumge Dxta by more than two�percentage poi��tv(2.(176)from thc rnte of intc�st I i�ve ban payl_►i� � ' . fiir the precaling twe!vr months.My inseac�'i 4�te will�kvcr be greater du�n 1! .A2b %. My int�r�st ret� will rc�e»sr br tower than 4.825%. (E)Ettective D�te u[e:.�s,�c� My new interest rate�a1i'become effectivc on cach Change Date.(will pay t}ae mmount of rny new month{y payment beginning on ths first monsia.ly ��yment duta nfter the Chu.n�c•Qxc unti�thc+u�w�nt of my monthly 1�Yment ctunges ngniu. . (G!Nntice oQ Cbnm�w 'Iho Noto Iioldtr wiil dc1l�rcr or mail to nx a notice of uny changcs in my intcc�st rato a�x1 tho amount of my ►iwnQily payn�ent bcfore thc effcctive dnte of any ch�snge.Tho natice w�Ai include infom�ation roquirod by law to _ be given mc arx� alsa the titic mxl tcicphmx nuniber of u person who will answer any qu�.stion I n�y I�avo = rogArding the noticc. Ml1LTI8TA7E AWUSTAe1E RATE RIOER•ARM 6•2•Singib Famlly•fa�x�ie MNfFtsAdN FF�o fJnilorm 1n�lnMneM �!e fotm$111 318ti _ ��ZZA 18�051 VMP MORTOA(S[60HMS•11100I041-77D! � Pr:M�d en Meyt]uA Or�r � -- �� __._ ._ . . ._.. ..