|
��� � ia; -- • �S.r.��.,�..r•�.=- - - -T--, .
<br /> ;� ' ' v i;.;?�i`_[�ri»?•� �_ . :
<br /> .�llr _ . .- - -
<br /> (n•i�ie' ' . . :��t+#r.�i -. " ' : `;; _ —
<br /> � �;i:• .=�-�,.�..,Y:.�.�•.._,x�..�.•..::... . . ,:.,;;,:,: -
<br /> .. . ..:=�;i�''J'.t�c���,�- :.,.�� � ' °
<br /> . . . . _,. .
<br /> � . ___ _ -
<br /> i k.._�� .i - "':'. ---�
<br /> �..�.��;5; �2- 1O3b20
<br /> ---= �:�..� .
<br /> ,
<br /> ,.. - --����� . � •
<br /> -- -- -- ;,�
<br /> -��a�-.x�:_�:';_� �.
<br /> - -- -- FHA MI;LTISTATE ADJUSTABLE RATE R1DER
<br /> >�r:r����-.
<br /> ;�'"�.�'•`-;" THIS ADJUS7ABLL�ItATE RIUER i�mwir thiR 30th duy of -
<br /> ,� �''�.�,�.,
<br /> '.' :�'�� • ''_', Apr i 1 . 1992 unJ i.inci�iru�ed inl�►and shull hc decmed tu urnend and xupplement
<br /> ...t.�.....,.:�.
<br /> - ,.�.....�,-.�-j-,�; � ii� Munguge. (kk�J uf 1Yu.r1 ur S�cu�ily L]CCd 1"S�cuNty lua�runu:nt"1 aC thc ratnc.dnt�; �ivcn by ihe undeniIIned �-_ :
<br /> , �
<br /> �;���=�� �"Borrower")to st�:ure Burmwcr's NcNC 1"Nutc"1 w
<br /> -- ;'�,7,�' `:•r: .
<br /> �:..;e�,::�;{., i'
<br /> ��,�.�,��;�; � : COLUMBUS FEDERA� SAVINCaS BANK
<br /> ;k•,�;.:.'�' ._,•fr
<br /> .. .x. . ,._
<br /> -- � ..,:i.,.,ti�:
<br /> -_�-.G°'.-^ ' -"-� �w , phe"Lendsr')oi the same da�c:u�d cove�ing the prapeny dr.u:rlbed in ihe Security Insuument und l�xulud u!:. __- ----
<br /> . ;.. h .
<br /> _"_..:::.�..-
<br />�_�.,,- .; .,--_.._ . _ 4066 PALACE ORIVE �--_-`
<br /> - `,,••.� !;:., �� �. � GRANO ISI..ANQ. tVE � 66�t1�
<br /> '.AE�'. .y .�� �•,1i..t .
<br />__ .. .-.•�!�'. �.0� .i
<br /> -a. . ' .+Y . .
<br /> T`i F. ..1.�~` '
<br /> — :y-�,:'.. , , ' fRnpcnyAddrccal
<br /> ,�a..� .s.^_,.,�-_ -�.� _
<br /> .�_� -- .-,-
<br /> °"��` � ' . THE NUTE CONTAIN3 PROVISIONS A4LUWIN(: �OR CHANGES IN THE �'��_'°
<br />..;:� y � . - . ' , '
<br /> � INTERFST RATF. ANp THE MONTHLY PAYMENT. THE NUTE LIMITS THE _ �
<br />,.,;;;�, � � � AMOUNT THE BORRUWF.R'S INTF.REST RATE CAN CHAN(:E AT ANY UNE TIME °--�
<br /> ��`�ti�•' . � ' � AND THE MAXIMUM RATE THE BORRAWER MUST PAY. --
<br /> :,� . •
<br />_- .• �� �\_A�iG��•
<br /> ,11'• .•.'f� , . .. �R. -
<br />.. +�� .� ,1�1 .
<br /> ' �� ADDITIONAL COVENANTS. In uddition to the covenanls and agreements made in the Security Instrumenb —
<br /> ._ • _ . , .,.,_
<br /> .___._ .
<br /> � -;;+�;,�. .. °- i3ornrwer and i.�:ndcr fudlier wvriiwit oud+��,�nc:�.faituw.:
<br /> , - __
<br /> .,:, .,.;�,:. ,. �
<br /> i; �t.. ----
<br /> ,.":"�' �" �`�' INTER85T RATE AND MnNTHI�Y PAYMENT CHANGES
<br /> _ � ..i• . ., • :�,,�.?.:;..
<br /> . �i�t,,.;:•'�� . :,,";
<br /> ' t,'n,.l.';��..,. .. �''
<br /> 'i:ti:.;, � IA1 ChAngeDale --�
<br /> •''?`"'' ' Jul y 1. 1993
<br /> - :,,..
<br /> . � The imere,t rute mny chim�e on ihe tint J•ry i�f ,and thut duy of euch succeeding year. �".:;��-=
<br /> ��'��" , ,�.�•,• "Chunge Datc"mcunti euch dutc on which thc intcrext rate could change. --.-
<br /> �B) The ladex },�,,.,�
<br /> .,. Bcginning wilh the first Change Date,thc intcrrst rate will lx hascd on un Index. "Index"means thc wcekly avernge
<br /> _'
<br /> . ;:,•� � • yicld on United 51o�c. 'Iha,ury Sccuritics adju��ed to u constant mu�urity of onc ycur,us made uvailablc by the Federal _.:;�,;��:
<br /> ° � Reserve Board. "Cunent Index"mcun+thc mo+t reccn�In�ex tigure avuilaMe 10 duys bcforc Ihc Changc Aate. If the Index .•. .
<br /> e:- '-• .�•
<br /> (as dei"ined uhovc)is no longcr availahlc,Lcndcr will ux a.u ncw Indcx uny indcx prescrit�ed by the Scrre�ury. A�uscd in .
<br /> ; . this Ridcr,"Sccrcwry" mcuns�he Sc�rriury of Huuring und Urbun Devclopmcnt or his or her designec. Lender will give _-
<br /> ° Borrowcr naicc af thc ncw Index. `F
<br /> r.fC.�i/�^_S�._..
<br /> , � .. ���_--
<br /> . . .. �!'_.,� �.
<br /> n � (C) Calculation uf'Intcrest Rele Chan�� �'=_—
<br /> .�„n.---�
<br /> ?'`• BeFore euch Changc Dulc.Lendcr will culcula�c a nrw imrrcs�ru�e by udding u margin of �::=�=-
<br /> ° n ' ',��1''. Two P�'rcemugc �y, j`�.
<br /> � " • points( 2,0000 `�1 �o tlx currrnl InJrx und rounding thc +um io the ncarrtit one-ciFhlh of une percenluge poinl �
<br /> � . (11.125�/,►. Subjccl la Ihr limils atated in Wrugruph(U1 uf�hi� Ri�cr.�hi.niunded umount will be Ihc ncw interest rate umil � ,;��..�.�;
<br /> ' the ncxt Chungr Uatc. � .
<br /> ' IUI L.imits on Interest Rute('han�es
<br /> ' , Thc imrrcsl rulc w•ill nevrr increa.c or d�crea,r hJ•morr Ihan�mr �xrccmu�c pnint l L(IS�1 on•rny�inglr Changc Datc. �
<br /> � The intcns�r•rtc will nrvcr Ix morc Ihan tivc Exrrentagc point.�S.(N,,1 hi�:hcr ur luwcr th•rn the initiul interest rate. ,
<br /> �;.
<br /> „ � IF.1 Culrululion��iF'if�mentl'hunuc '
<br /> • .,, II th�mt�rr,�ratc chung�+un a l'hangr I)air. L.niirr��ill calrulaic thr:un�,unt ul'mumhl� pu}nnnl ul'principul unJ
<br /> • .,t•.;. iiU�m�l whirhµou1J ix nrcr�+ary �o rrpa�•thc unp:uJ prinrip:d i,:ilanrc m Cull ;n �h� maluril� date at thr nrw intcrc+t ratr
<br /> � � Ihruugh.ruh�tamiall�cyual pa�•mcnh. In mal.in�wrh r;ikul;uiun.Lrn�fer�.ill u.r thc unpaiJ prin�ipal halanrc whirh a•uulJ
<br /> lx owrd��n thc c'hangr Ualr if thrr�had hrcn n��drfaull m pn}•mcnt un thc\a�r.rcJurrd hy Ihc a�nounl uf am prrpaym�nt.
<br /> . �� . -� io principul. Thc rcwh uf thi,r.�lrulutiun aill lx ihr amuunt�,f ihr nc�� munthl��puvm�m nt'prin�i�ul anJ imcrcst. .
<br /> 1 H 1 Nnlice uP ChunRcs
<br /> • ' L�ndcr will�i�r nali�r lu Burru��cr uf am rh:m�;c in�hr intcn,t ratc and mumhly pa)ment am��unt. Thc nuticc mutit
<br /> ixr givcn at Ic•r,l 2S d•r��. txli�rc thr nr�� munlhh p•r�tnrnt :imuunl i.dur. and mu.l ,ct li�rth UI�hr dair ul'the nutirr.
<br /> liil thc C'han�c l)a�r. liul thc uld imcre,� r:nc. u�� Ihc n��. �m�:rc�t ratc. ��� thr nc��• m�mihlp p:iyment am��unt. ���i► ih�
<br /> ' - Curnnt Indcx and thr datr �� w.:�,���nr.i�«<.�.����i���„��n�,���r��i«�i�u„�: �n<<hangc m nux�thl� puymenl ;unuunt. anJ
<br /> Ivnn uny o�hcr iniom�auun ��lii�ii�u.�� tK iryuurJ 1�� la�. I�uut ti�tk t��unk.
<br /> �g�
<br /> �m.�t I.H�*�Nu.lnrv+F�m�.Inr �
<br /> iTEM658?i9�W� �f,•+�� l�'f=I'��C�" 1���4�Mt�.111 I IMM/�U�!����.1 1\\��d.7�H I111
<br /> '
<br /> . s.y
<br />
|