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<br /> � AI��tJ�TA►�I.E �tATE �ER .
<br /> .. � _ (i Y�ar 7�sz.�y dnc�-Re3e Cags) 2002i819 � — �
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<br /> THIS pDJl1STABLE RATE RIDEK is made this 3RD day of APR I L , •
<br /> � �F 1998 ,anal is iacarporated into�shall be deem� to ame�d aad supplement the 1Vfortga�.Dced oY
<br />���.. Tsust or Serurity D�d(the°Security.Instrument")of the�date given by the uadersigned(the`Borrower°)to _
<br /> ` s�m the Bonawer's Adjustablt Rate Nore(the"Note")to • °
<br /> Tbe Equitabin 8uiiding �na lban Asaceiation of Srend Iaton6, Na9easke, A Fe4erei Savings 8e�k -
<br /> (Ehe"L�det")of the same daae and cavering tt�e piogett3+destxibed in the Securitg Instzument and located et: _
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<br /> 2704 PAFtKVI�t►'J DR GRAt�O ISLAND��BA�R�ASKA �AB��--7�73 -°
<br />''>�'..: � � .°�B�RtOT�E CONTA(NS PROVtSI�NS Al.LOW1Nt3 F�� �l�fi/�I�i� [tt4 YH� �P�T6�'ESY' .
<br /> '� 'r''� �A'� AftfO TME IIR��1fiTMLY PAYEUiENY. 7'HE ��i3� �Ce'° 4tr'ftE Utis�iQtliYT THE
<br /> ��,';. B�OR�tOV{F�'S tN�sT RATE CAK �1�QAAIQE AY �43t�Y �Iai� '�&',�1'�`F �dD 1'�iE
<br /> . -- �iil4XimL`�C�.diT�'f�iE�O��mL:`��.7t��T PAY.
<br /> . ADDTiTONA���E.�I�`�S.In oddition m the covenanis and apt�uents maa�e ia the Secvrity Instcument. �
<br /> �.� • �brcower and Lender�iuthee�.raant and agree as foflows: F
<br />::�,�f:�„
<br /> A. � � I3�����AND MOIVTI�Y fFA,SdR�NT�HA1+1G�S
<br /> -�ss�_" ' The Atote provides far an uurial ineerest rate of 6.37�S �O.The Note pruvides for c�anges im �
<br /> ;�:,��,� ' ths i�t ra4e and the monshly payments,as follows:
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<br /> ��f�� 4.�V'Y�REST R�TE AND MOi�ITI�Y PAYMLNT CHAt+IGES
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<br /> ,.�'i,�F . �A�C6aDge ID"� � : �
<br /> ����' . . 'tY�e in'terest rate I will Pay may cBanSe om she Srst day of MAY , �f��i � _ ,and on that :
<br /> %`���.'� day eveiy 12th manth thereafter.Eac�date on wluch my interest�te oa�I,d ct#ange is csj�s"Change Date."
<br /> �'/��4. .
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<br /> . Beginning wit�.��first Change Date„m3+ir.��;t rate will be b^��ort�an Indea.The"Index"ss�e wtekly =
<br /> � �u � �-c�z yield on Uaitetl States Tr2asury secur�ries adjusted?�;,a sonstant r►�tuaity of 1�S�r,as nn�de availab2e by .
<br /> '"';�� " fhe�',�,'e,,,(2r�att R�/�,e���+re B.oLa,r�d,,.The most recent Index�gare a��tlb7:as of the date 45 c�x+�s�b.,fo.�each Chtmge Date
<br />��'�5~T�..� �$�W1RS1.t1Pi��r{lii':+.:ilL1YGx.� . - . � . � .
<br /> If the lndex is���onger availabte,the Note KoIder wil1 chaose a ne���e�c which is based upon c�umparable
<br /> . '. .� information.'d'he I�TSe Holdei wili give me norice of this choice.
<br /> i
<br /> ,.r�4i.�..'; (�Cakulatian ai Changes . .. •�. '� , � �
<br /> �.;�`,;��.�: . &fore each Gltange Date,the Note Holder will calcWate my new iateresi tate by s�L',ng
<br /> , �p � • . ' perantaga poiat(s)( g„�j�p �i)w We Cnn+ent
<br /> � .'�• ?; � L��d°.x. The Note I�'u1rQw vr:�tSt.en round d�r�r.;c�lt of shis additioa to t!��earest one�eighth of a��roentage � .
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<br /> ' . ' ' p►��nt"�t�.1Z5S�b).Subject to�ti�!!'iai�:u stated�ic t5a.-tion 4(D)6elow,tItis�ounde�amo�sRi will be my Uew intsrctt .
<br /> � ra��fii:�next Change Date::� . .
<br />�. ; '..;� � ' T�it''!�Iote Holder will tl�en determine the'amount of the monthly payme�t thad wou"r��sufScieni W tegay the
<br /> , unpaid prlpciFa!t�^.i I nm expected to owe at the Chm�ge Date in foll on ttire 8�i�twiry Dat�at my new intere,�¢rr+te �
<br /> in subsiantiaJjy a�r�oayments.The resu2t of this calculation will be th¢�4�amount of my usomtily payment. .
<br /> E' (D)Lim�ts oqt 1hte.resi Rate Ci�nges � . .
<br /> . . Ti�t intcrest raze i am requirc,�,o pr►y at the first Citange Date will not be�reater thsn 8.375 �6 �
<br /> • or ltss than a.,�7 5 I.Thereafter,my intes�st rate will aever 6e increased or doc�eased on
<br /> ��� � any single Chan�,z�'a1�te by morc t�.°'r,tcvo�r�:,rentage points(2.0�)frnm the rate of inte�est I have ban psying
<br />., . , fcr t�i�preceding ra�Ive monttw�'t•.�;;L��;�.�te will never be greater than 11.3 7� 5�. .
<br /> .,, �� NBy.�9��;te�est� �ate «�i.T;T::i�ever be lowe� than 4.3759�..
<br /> , ' �' (i�'j���f,Fect�ve�ate of�ge�s , . . .
<br /> . " �I4iy new(nia}�t cate will be�:is�e effecxive an each Change Date.I will pay the a�ount of my new mont}JIp:. : .
<br /> • . gaymtnf beginnIni��Q,n tf�� first monthly payment date after the Chan�r.:mate until tlie amount of my moathly. • . "
<br /> ' �aymeat chaa�r�a��in. � . . . `
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<br /> . . .' ; : (F)Notice o!Chs�nges ��':�
<br /> � ;� The Note Kolder.wiU deliver qr mail ro me a natice of any changes in m� 3nterest rate and the amouat of my � •
<br /> . montlily paymcnt b�fore the effeetive date of any cbange.'I4�e not�ce aill'i�clude infamtatIon required by law to `
<br /> :...:�. 6e given me and atso the tide and telephone number of a person who ��+ill aasever aay qu�tion 1 may have
<br /> . regatding the notice.
<br /> MULTISTATE AWUSTABLE RATE RIDER-ARM&2-Singia family-Fancds Mas/FreQ�MaC Untfocm MrstrurrNnt
<br /> iorm 31113l85
<br /> .- . .��22A 19305) Vf.lPtdOiifGAGEFOfiMS•180W521•7291 � prtrr,�yonR�yUedV� .
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