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�:. ,��: _ �� - . --� . � � - '.r-.w-r.�'=.__' -- '._ �. . �, --- - � ..._.�� ... . ' �;;��t�t.k:'-- �u.i1r�lYd�t��+'�. -_- -�L -.. .a�ussa�ww��_ -- _ -- - • ^ �PAI.p 001-00315039 � ` 96r• �V��I�� AI�JUSTA�LE RATE RIDE� THIS AD]USTA�LF�RA'I'Fi RIDHR is��de tAis 19TFi dzy of AP&IL , :t996 ,and is incorporatod inco aad s7wU Le daaraid w a�n�ad a:sd supplenuiu the Mn�tgr�c.Daed of 71ust ar Socurity D�;r.�(�ha"SocauitY Instrumdnt`)of tho aamo da�e gi�en by tht w�dt�ncxi (tho"Bor[�wer")to socura Bo�mW�er's Adjustable Ratc Notc(the "IVote")m Hptd� FEDERAL BAVINaB � LOAIJ A680CIATION OF CiRI►t�ID ISLAND (tbe"I.en�cr")of tho samo date and cov�ring thc prnpertY drscribod in tho Sccurity Iustruuieai and located at: 1612 9 IiDDY ORAND IBY.li1�ID. .NF8R11SFCF1 68801 (An►pertY Addrc��] T�QS h(YfE CONTALrfS PROV[SIONS ALLOWING FOR CHANGES IN MY IN'Il'�ST RAT'E AND MY MONTtU.Y �A�MfiNT. INCRBASfi,� IN THE INTEREST RA'�'E WILY. RCSULT II�1 t�'rG�IEit PAYMENTS. p�QEASE;��1V'i'HE INi'E3tEST QATE WYLL BESULT IN LOW36�it PAYMENfS. ADDITIONAL COV�NANTS. Ia additioA to the wvenaats aad �,gectueats mad� in the Securiry Inurumcn6 Bortowu aad I�et�da furttxt covenaat aod agere ac foilows: A.IIVTEREST RATE AND I4ldIV 1'ii�I.St PhY�T CiiA,iur.i The Nae p�ovid�s for an iairial incuest rato of s.500 96. 'Els� Nae pcovldes for chaa8rs ia che iatenst rs�c aod the mo�atlily paYma�ts�as folbws: �„II�1'E�F.�"i'RATE AND MnNTHLY PAYMENT CHANGES (A)Cbsn�e Date9 �I�1C i�Si IiiG I W�1 pily Qliy Chlai$6 OA tj1C�3ILL diy Of �Y . 1997 ,aAd OQ t�t d8y Cyay 1]TH p�00Lb�.B1CZ1�IC 00 WhIC11 IDy lII"�iCS�18LE CC1lId Ct1i0$C LS CBtbd 8��.�ha:1$C D�C.� ��1�T� _ . �tg wiw'a io auaa w..�i�:.:""�i��W:,."�I°.St°fl111�w 1uai+A nR�TnrM=,'I1vs"Tacie.�t"ic: _._ _ TH8 WSBRLY AVSRA4S YIfiLD ON I�IITSD STATSS TREASURY SSCURITIfiS ADJ4STSD TO A CODiSTAtIT NATUAITY OR 1 Y�AR, AS M7iD8 AVAILABLE HY THE FSDSRAL R8S8RYE BOARD. 'ibe most rxeat Lxtix figure avail�b3e as of tLe d�oe:� 45 days ❑ befoc+e ac6(�e Date is calied the'(�t Iade:." If tbe ItK3ox i�no longe�s�vail�ble,tbe I�Tote Hu1de:will ct�oose s new inde:tl�t is ba�od upom��e iafo�mation. 1t�e Note Hoider�vilt�ive a�e notioe oi dds choice. (C)Caicahtioa a�CLa�ies Hefae eacb C6ange Date,the Note�ioldei will calcuW�e my new intaest rat�e bY��8 T�tss p�ag Poio�()( s.o0 0 46)ca the Cunmc Tnd�c. e s 'I�e xa�e xo�aer wsu thea muaa tbe re�ilt of this�d�on w the 0 xe�sc C] N�� O�� o�s �xmiaa ( .iss g6). Sab)ect tu dse limits staied in Soction 4(D)lxbw.tlns rooadet'1 amount will be my new iaterat rate uaW t1�e oeu Chac�e � tl�t vvoald be sui�icieot w tcpay�uop�id 7�No�e Flo3des w�l i3sm detestair�e tbe amotmt of the montblY�Y� priocipal that I am eacpected to owa�t tlse(�ange Date ia full oa 3he�turity date at my aew int�artst rate ia svb�taotially oquat paymaus.'ne resulc of a�calc�lation w;u sx►�e ucw�aounc o�my montbty p�ymea� (�)i.i�&s o�Iaferest itate Ci�a - �c�cx��r��.:.e Fa�.::rf:.a�.�.:s c.�.r...�rls..-re will bs na,»„r�»u�ri!lmit o�cJ�a�rs.) �(1)17ia�e wiii be ao••,�*;•^•,^�limit oa iat�arst tau changes. _._ xx (2j'LLe i�resest rate I�m roquined m pay ac the firsc Chm�e Date will aa be praLa tban e.5 0 0 �, a ~.sao �. �3?My iat�era�c�te wi11 ne�►er be ioar�d or aearasoa on aay singk e�e n�ce by more man z�wo raster3rr par�earaso poinus) ( a.o00 �) from tbe rate of' taest I 4ave beea payiog for the procaiing period. -- �(4)My interest rue wi11 nevet be gnat�x tltan li.5 0 0 96.whicb u calied the"Ma�timum Rate." TH8 "MINIMIJNi R+'1TB" FIFI.I. NEVSR B$ LE5S TFiAN 4.500t. :� MULTISTATE A0IUSTABLE iiATE RIDER-Sinpl�Famify � .._;� Pap�1 of 2 --� �.��Afp,�p�) YMP YORTf3AtiE�ORYi1•(�00)i21-72ot MM1W:_ � �f `' • � � - -- -- -�--__—___ -