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ti...r.� . .v.- <br /> •.o . .•, :•,y.�.„,a.lyr►alta,r.��r�i <br /> , . <br /> t. ' , .•- •� �y_ <br /> 1., , _, . ., � <br /> 1:ht .. . :`rcrrbaFy�rah�, trxd , „rr � �_.. t.�.�.r_-.. <br /> . . • <br /> .. �. . � ,� .• �� }'i�.:.. ', .'.I . . . � ,_�� Y <br /> ' - - ----= ` r.:�°._e. _ <br /> : �-. :�u �r �� <br /> ...�._�.�u.�. .� . , __.1.�_...�5.�� ...Yts,�....�..1. v1��...].i ......�:I^u�v-"_ <br /> • ' ' .:t�.�. � . . ....�.. __..._.—.. _ . �. .. <br /> ___ . �. . <br />....�... —__ _— ____—_— <br />.,.,�,a wa,r-�e,t..'.`-!r'3". .. --. . . _ . . . . ._ ;_'E?,r'.__,..�-- <br /> .--'-.._.......--'_--... .___'-._"`_'-'----`-- �- - ... .. :.���r�ra+.:�:.+rov.a.,�...�-.._......�._�_._._._.-.. <br /> , � r��rmN ooi-coaa9o�� <br /> ��^° �,��r�`���} `- <br /> �. <br /> ADJLTSTI�BI�� 1�AT� �IUFR <br /> THIS AD]USTA$LB RATB RIDHR ls m�de 1h1� 6TH cfay of �►Y � 1�96 ,and i� - <br /> inc�rpnrated into and shell bo�eemed t��Amend end�supj�lement tho Mortgaxo,I�eed of'IYust or SEicauity Dxcl(ttta"Secudty c <br /> Insrrumcnt") of the sarao due givcn by the underelgnad(the"8mrowu") to�accure aa�rowu`s A�justaoio�cata ivaco(�no - <br /> ��IVoto")a <br /> fIOMS PEDBRW� BAVIN09 4 LOAN A960CIATION OF aRAND IBLAND <br /> (�he°Lendcr")af tho samc date and covuing tho Pro3�rtY descdbed ln thc Security InsOrumcnt end lacated aG <br /> 9�a s oAtt ��r � <br /> a�►rrn iaLr►rro, rr�Hnasic�, seeoi - <br /> (Ptopeny AddreuJ <br /> THIS NO'0'E CONTAINS PROVISIONS ALI.OVVIIYG �OIt CHANGES IN MY INTERI;ST RA�'E AND 1VIY <br /> MONTI�LY PAYMENT. �IVCREASES IN T,HE IHTEREST RATE WYLL RESULT IN EiIGHER PAYMENTS. <br /> DECREASES IN'�HE INTERE.ST RATE WILL RESULT IN I,AWER PAYMENTS. <br /> ADDITIONAL COVENANTS. In addidon W thu covenants and agrcements mada in che Sccur�ty Instrumeat, <br /> Horrowu end Lendea further covena�t and�a9 follows: <br /> A.INTEREST RATE AND MONTHLY PAYI1tENT CHANGES <br /> The Nota pcovldes for an initijil ini�rest rate of �.o00 96. The Noto prAvides for changes in the <br /> inuxest rtb and the monthlY PeYments�ag follows: <br /> 4.INTER�BT RATE AND MONi'HLY PAYMENT CHANGGS <br /> i.....�_.�......,_ <br /> ta��.�u�c�waaa ' <br /> 'riw intuest rate I will puy may chs�ngo c►n tho first day of � � i 99 9 ,and on that day <br /> every 12� month t}r�rwticx.Lach date on which my intsrast rato could change is calWd a"Change Dtu�o." <br /> (B)The Iodex <br /> acginr�ing wl�h tho Ctst Change I)ate�my intcrest�te wW be ba5od on an Index.Tha"Indox"is: <br /> ZFi� Ii,fEKLY AUE{�AGE YIELO ON UNII'GQ S7ATES TREASURY SEL"URITIES AOJUSTED TO A <br /> CONSTANT I'MTURI'rY OF 1 YEAR. AS IYW�E AUAILABLE BY THE FEDERAL RESERUE BDARD. <br /> Tho most rocent Indea ftgu�availabk u9 of the date: Q 45 dnys ❑� <br /> � _-__ _ <br /> befote esch Cf u�n8o Date is calkd the"Current Indax." <br /> IF tha Indw�is no tanga availabk.the Now Haldu wW choose a new in�kx that 1�basod upon compernbk lnfornuuion. <br /> The Nota Ho3der will give me notka of this r.lwice. <br /> (C)Cakulatlom of ChanRa <br /> Befae each Ci�snge Dato,the Nota No1da�will calculate my new intaest nuo by adding <br /> TWO 11ND THRB� DUART8R8 �,rago poim(s){ �.�so �) a tne Currcrn ind�. <br /> 'I1�e Noto Ho1da wW then round Ihe result of this eddition to tho Q Ntanst 0 Next High�st �Next Lo�vest <br /> oers siafmt ( .;as gb), <br /> Subjoct tu the Dimit�stated in 5xtion 4(D)beiow,this roundod anwunt will bo my�aw lnu;rest rete until the r�eat Ctwngo <br /> Ik�le. • <br />- 17�a Noto Ho)dcr will tlxn detamine the arnow�t of the monthlY paYment ihu wouW be sufF�cient to cepay tho unp�id <br /> principW tleat I a�n expeccod w owe at the Change Date in full on o'�e maturiiy date�t my n�w inteaest rato dn substantially <br /> oquAl�S►yments.T�e msult of this calculation will be th��Mw emount of my mnnthlY PaY�� <br /> (D)Limite on Lnterest�i�te C6�nsea <br />- ase check approprlate boxts;{�xa bos Js cJucktd,the►e wiJf be no maxlmu+n l�init on changta.) <br /> �(1)71Krc will be no maximum limit on intarest reta changes. <br /> � (2)Tha interest cate I sm rcquircct w�y at tho fust Cha��e Daro will not bc greatar tt�an 9.o 0 0 � <br />- p[ 81 a.vvv 7p, � <br /> �(3)My intcrest rate will ncvcr b�L�crcascd or d�on nny slagle Change Date by more than <br />` TWO PERCENT pc�,rccntago p��nt(sy ( z.o0o gb� crom t�,c <br /> ratc of intcrest I havo bocn paying for Ux�prec�ding perlal. <br /> xx (4)My intcrest tate will ncvcr bc grcatcr chan la.o a o 96.which is called Axxs"Maximum Ratc." <br /> THE "MINIMUM RATE" WILL NEV6R �S£s LESB THAN 5.000�. <br />- NiULTISTATE AQiJ48TA@LE RATE R1DER•Slnple Famt(y �19• <br />_ P�p�1 017 - <br />_ ��Y9lA�o4oe� YMp IAOFTaA�E FORMB•(t00�6�t•7201 InItIN1:_�� <br />- v _ <br /> �i� a . <br />