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<br /> -_,�;;.y�:;;4:„v���� -;� ADJUSTABLE RATE RIDER ���8
<br /> —_ :i,�.":�,.=,W:.. p YarTrewurylcdac•RateCap�► VZ�`
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<br /> ��'� ���' THISApfUSTABI.@RATERIDNRUm�de�hi+--2�Ydyof�,pSi1 ---.—.__.___ ,19.Q�_-.
<br /> ��,.- n�,t±�.,•.`�;.,'"��? , Mnd Is inwrpor�tcd fnto�nd�hdl M d�meJ In�mend�nd supplemmt�h�Mott�aQe,Dad uf Truu,or 8ecurltY�11Me"�urUY Inurummt"1 of
<br /> ..�. . _ , �he�am�dau{ivm bf�the undasiQn�d hh�"Borrower")10+c�urt Bnrrower't AdJusl�ble R�le Noto l�ht"Nou"1�o!}��'.fE��9A11Q0Adg
<br /> ��}Q(lM"Lender")c►t Ihe wn�diNe�ad corerin��ht propmtY�„�in tha 9ecutUY In�lru�pRnt�nd tocPte4 at:
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<br /> • 'u����`�'`�•=�`= 1320 N Cedar Grand Ialand, N� 6980� - � �y�� !
<br /> :,���:1:, '�:%r �.
<br /> :;�;; ;.. •-� �,,, (Propeny Address)
<br /> '�,;t;r: ::'.:, �:�'" ° TMb �olt conalr� pro�Won �YoMI�{ la clw�a(� Ay Inleral�le �� wy malMlf
<br /> •'�'�� � � p�y�re�U.TMIs�ote dw IIwIUt Ib�auu�l a�y I�lernl nit c�p eMu�s�t�r oM IInN�d
<br /> _ �,.�;�ti;!ti::. , .. . , �Nu tMe ed�I�YS�wd 14 Wtlollus nik 1 swl p�y.
<br /> --�..`]f� ,� -`''a� . .:�,�_— .�_
<br /> __-���w :��__ _ . _ ADDITIONAL COVENANTS. In addNla�to the wvenanu uid�ramanls mad�in the Secu�ity Ineuumenb Bor�oww.and,l.en4i�� �
<br /> .•;�, ,sili�.lr.';.� turtbetcovenantu�daoree�sioliorw: ---
<br /> "�� ' . � , : A, �NI'EpFBT RA7'�AND MONTHLY PAYM�EN�CHANGF3 _�
<br /> '��" 9�.Section 4 of tbe Naa provldes for ch�a�s in the iaterat rate uid tNe
<br /> _� �(he Note provides for an initfal interat nte of
<br /> :�.t� monu�r wr�u.u rouow�: __--
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<br /> °_ . �1, lNTBRBST RATE AND MONTHLY PAYMBNT CHANOES
<br /> � �� 4 (M CYuL�D�1a
<br /> � The inte�at rate 1 will pay may chanQc on the first day of MA� .19._Q�.__ and on thot day everY '.
<br /> . _�..
<br />_` . , ' tWQlve montlu tt�e�iter.Each data on which my inurat rate could chan�e it:Alkd a"Chan�Date."
<br /> � . • �,,.:� 19) 71e I�dt: r�`�:-:.
<br /> � &QinnlnQ w(Ih the fint Chan�e Date,my Interat�ate will be bpsed on en Indea.The"Indea"is the weekly average yleld on United Stata ��� �.Q:-
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<br /> - ;`"j`;.t. �.:t,S.aw.'-
<br /> ,;�;,:.•�,, 'IYetuury securilla adjuited to a constanl maturity of 1 year,a�made nvoilable by the Federal Rame Bo�rd.The mast recent Index fl4ure
<br /> � �vailabk as of the date 4S dpya before wch ChonQe Drtc Is callcd the"Current index." 'r�
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<br /> ' � ' If the Index is no IonQer availoble,�he Nae Holder wfll choose a new index whlch(�bwsed upon compuabk infarmaqon.The Na� ��.
<br /> '.'.i�. Y,;'.':�: , Holder will afve me notice oi thi:choice. ---
<br /> -- . (C) c�lcrauw or Cfa��a ---_�-:
<br /> � �"O &fore each ClwnQe Date,the Nace Holder will cs+lculnte my new inurest rate by addin�.Si?�eE' A^ ���A''''"^r P�rcentAge �' '
<br /> � , points( 3,50 qi)to the Current Index and roundina to�he nearest 1 i8th of 1�,�ubJect ta:he Brt►its stated in Section 4lDl below• �g,r�.,-_
<br /> '� `-'�
<br /> �� Thi:�ounded amount will be my new inurest rate un�il the next ChanQe Date.
<br /> � 'fhe Note Holder wfll then deterrnine tFie amount of the monthly payment that would Ne sufficiant Io�epay in fNll the principal I am •�.:.••. •�
<br /> . . ' �. aipecttd to owe on that Chnnye Date in subs�antially equal payments by�he maturi�y date at my new interat rata Tha►esult of�his calculadon -,'• _
<br /> will be ihe new amount af my monthly paymem. — -
<br /> , ID) IJmI�a�laleral R�te Ch���es .,�..��'4'�:'':
<br /> . . • The interat rate 1 am required lo p�y at the firsl Chenge Date will not be greater than ._�.Q..Q � or less ihan �
<br /> ' ��h,Thereafter,my interesl ratc will never be fncreased or decrea.,ed on any xingJa G'hu�g�e Date by ma�e�han *W._r..^�:�'t1t �.�-.---
<br /> from the ratc of inlernc 1 havc bn:n{uying for Ihc preceding�welvc momhs.Tlx:mlo�mum iuueresl rpte on thls loan will nevcr be �"�w�:<--=_
<br /> �qy�ryp� 6.O hr and the matimum intaesl rate will never be grcatet that�,. 13.0 7�, �'F
<br /> .. , IE/ Eikcllvt I�te of C6�aQes
<br /> My new interest rnte will 6aome effecuvt on each Change Qate.1 will pay tha amoum.af my new monthly payment beQinning on Ihe firu �„�,,,._�-
<br /> •• � monthly payment date af�er the Chan�e Date unlll the amoum of my monthly paymen�changes again. ��,�r_,,:""
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<br /> IF) Notice of Ch�e�es . _�'.--
<br /> The Note Holder will moil or deliver to mc a naice before each Chonge Data The notice will advlxe me of: �.•,;;,_�
<br /> ' , (i) the new intcrest rnte on my loan as of�he Change pate: ';.t;'!r:`�_"
<br /> ' ' pi) the amount oi my monthly paymem following the Change Datet ,.:�:_�-=_�___._
<br /> � liii) any additfonal malters which�he Note Holder is required lo disdose;and ,t;y:=�=-�=�-
<br /> (iv) the nddress oi the assodation you muW contacl reQardin�any quesUona about the adjutlmmt notice. "'•�`'=��•_�
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<br /> B. CHARG�S:LIENS :: ::'�'! "•:�-'
<br /> , Unfform Covenant 4 of the Securf�y Instrument is amcnded to read as follows:
<br /> ��. . . ' �, C1�r�=Uew�.Borrowcr shall pay all taxa,assnsments,and other charges,fines,and impositions anribweble to�he Property which may �
<br /> , , �tWn�pdotity over this Security Instrument,ond leasehold poymcnts of ground rents,tf any,in the manner provided under parpgraph 2 hereoF
<br /> a,if not pafd In such manner,by Borrower mokfng payment,whcn duc,directly to the paya thereoi.Borrower shall promptly furoish Lender
<br /> �II nollces of amounts due under this paragroph,and in the event Borrower shall make payment directly,Borrower shall promptly furnish lo ' .
<br /> � Z Lenda receipts evidencing tiuch payments. Borrower shall promptly dfscharge any licn which has priority over this 5ecurfty Instrument;
<br /> however.Borrower shall not be required to disch�rge any such lien so long as Borrower:(01 shall agra in wriUng to the payment oP the ,
<br /> • r , obli4a�ion secured by such lien in th¢mann�r xrrptable�o l.ender;lb)shall in good fni�h comest such lien by,ar defend agafnst enforcement of :
<br /> such Ik�fn,legal proceedings which in Ihs opinion of Lender oRxra�e to prevent�he enforcement of the lien or forfeiture of the Property or any
<br /> part Ihereoh,or(c)shull secure from the holder ot su�h licn un�greement In u form satisfnctory to Lender suburdinaUng such Ilen�o this
<br /> ` Secudly Instrument.
<br /> -' •.• ....- •-•---�---•�-•-"-- -_.._.....c��.�o.......�.,:..��►,�..•� ��o u��whirh mav annin u nriorflv u�er this Secunly InHrumenl,
<br /> '--�.--.. 11 LCIIYGI YiliIII�I�Ra��������v� w��� y�........�....r�... .. '-'�"' '" - ' ' '
<br /> Lender shall give Borrower a noute identifymg wch lien. Borrawer chall.atisty such hen ur�ake�me or mure oi�he acnons set forth ahove
<br /> withla ten days o1'the Qiving of the not itt.
<br /> C. NOTICE
<br /> Uni(orm Cuvenant 14 of�he SecurNy 1 ns�rument iti�mended w read us lulluwc:
<br /> 14. Notke.Except for any nu�ice reywred umicr applicublr law iu t+r gi�en m ano�her manner,lal am nW icr ro Narruwer pru�idcd ti+r m thi.
<br /> 5ecurily Instrumcro shall tre given by dclh ering i�ur Ny malling i1 by I�ru rla�ti mail to Burrowcr a��hr Pm�+rrty�AdJrc�.ur u�wch ulhcr aJdre.,
<br /> u Borrower m�y Je.fg�ate by nuucc lo I ender:►+p�a��drJ hrrim,anJ Ibl uny nonce to l ender�hall Fc gnen h�hr.t.Ir�.ma�l�n I cndcr'�
<br /> address s�a�ed herem ur to tiurh uthe�:�dJrc��a�t cndrr ma�dc,�Rn.ur h�nou�c to Harroxer:i,pru�idrJ hcrrm.:�m nan..�ru�i.lcJ I�,r m ihi.
<br /> 5ecurfry Instrument shall!+e dcemeJ ia ha�r heen gi�en ii�Horrowcr ur I ender��hrn p��rn m�hc munnrr Je+iµnr�cd hcrrm.
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