|
-- ._'.'"'ur.'.��,..','..T. -- -- _ ---
<br /> �__.._.�,.� ,�. - - - - -
<br /> .:
<br /> 9„0,�„�,� �-—.�z--—� R . . .. .. -_ __,-..�.._�� —— - -
<br /> - - �.� . -
<br /> . -
<br /> .
<br /> _,_,.�._.,':3�',!�.__�.��*� � - --
<br /> .
<br /> .
<br /> ADJU�TABLE RAT� �DFR ��0�77�z �.
<br /> _" �Y���y�,� ll Var Trau�uri' index-Raie C�pY) -
<br /> ��_— �vssr�►
<br /> 'CHIS ADIU5TABLE RA'fE RIDER is rrude�his 5TH d�►y of S[PT�Ml3�R ,
<br /> 4 99 fa .and is incorpox�ted into�r►d shall be damed to ame�xi+u�d supple»�ent the Mortgage,I)aed of
<br /> T'rust or 5ocudty Deod i� "�urity 6�stmmsnt")of the sAtne dato givcn by the undersignai(the"�3omrwtr")to
<br /> socure the Borrower's Adjust�bl:Itat�Note(the"Note")to
<br /> The Eouitable Elui;ding ane losn Assacietian af Grand lstand, ycbraske, A Federal S�vin�s Bank
<br /> (the"Lender")uf the san�e d:te and cuseting the prapeny drsc:rit�ed in the Security Inspun�ent a�nd locatai�t:
<br /> A242 SPUR L.N t�RANU ISLAND, NE��y�K�����8£iO3
<br /> THE fllOTE COI�iTA1N5 PR�VISIONS ALL.OWINf3 FOR CHAN(3ES IN THE INTEliEST
<br /> RATE AND THE MONTHLY PAYM�NT'. �THE NOTE UMITS THE AMOUNT THE
<br /> BORROHIER'S INTEREST RATE CAN CHANOE AT ANY ONE 71ME AND THE ,
<br /> MAXIMUM RATE THE BUHii�V,lit�idiiiS i FAY.
<br /> � ADD�TlUNAG COVENANTS.in addition.to tha covcnants and agreements mwdo in the Sacudty L�umr.nt,
<br /> � '. Borcowtr�nd Leodc���cowcnant and wgrca as follows:
<br /> • �.��„�c�g�'�';�7+ip MO�i'Y'fII.Y PAY11iENT CAANGFS
<br /> , , .
<br /> Ttx Note proviJes fc+r an initial interest nte of 7.625 �.The Note providcs for dungrt in ,
<br /> the interest rate and th�;inonthly paym�nts,as follows:
<br /> 4.INTERE,S1'RA1'E AND MONTHLY PAYMENT CHAIVGES
<br /> (A)CL•an�ge Dutes
<br /> The iiiterest rate T�will pay may change on the first day ofOCTOBER � 2001 ,and an dwt
<br /> day ove�y 12t��month there�fter.F.ach dat�on wtvch my intorest rate could change is cxlled�"Clunge l�to."
<br /> ',. � (g)The Ind�a� . ' :.'
<br /> • ' � Heginning with tht..firsc Ctwn$e Date, my interest rate wiu.%be,based on s�n Index.'ri�•"•Ir�dex" is tho wn�1Y
<br /> ' � avetage yicld on Uttite�States 1'rcacurY securities adjuetsd t�u,a'oonstant tnaturity of 1 yc.�r.as n'�ade availublo by .
<br /> t}��+�rd Rcxrva Ba�td.The mosc recent Index figure av�ilable as uf tha'tl�te.45 days befoc+e ach Ch�ange D�ea
<br /> � is cAll�bcl rthe"CuctMt;;index." '::� ��; '
<br /> If ihc slfickx is�lo tongu ava[lable. the Note Holder wili ot►aose a new index whieh is bqsad upon oomp�rxb�a .
<br /> iaformafiba►.Th�NotZ Holdcr will give me notice of this choioe,. . , �
<br /> (Cl C�le�tio�ot Ci�°1�a �-< '
<br /> Befoitia e�+ch Ch�nga Date,the Note Holckr wili�calculate my acw in�ratc:by adding, �,��`��
<br /> TWCJ ptrantage point(s)( ,:
<br /> i i x k x, T h e N o t e H o l d t r w i l l t h e n ro u n d the v e d Wt of this�ddition to the ncuest or�ai�i�th of one paoa�e .
<br /> point(0.125%). Sn+��ject to the limits stataf lh'Section 4{D)bclow,this coundod e�mount�vlll be my new interc:t
<br /> r�tc unal tbe nczt CtianHo Data. ;,,' . .
<br /> The.Note Hold�t will tt�rn detemtine the�nnount of the sn��thly paYm�t�that would bo sufficia�t�°�'d�°
<br /> urg�dd�pr�ncipal that I am oxpectad�ta owc at tho_C'hange Dqte:i mfull on ihe�M�euritY UaY�'at my new interest r�W
<br /> in suba't.�ntiully oqual payments.The result of this calculation,w311 be t1�e nG�!�nt of.ir�y inonthly papmatit•
<br /> ' (D)IJmite on inta�eat Rak Ch�nges , :. 9.(i Z 5
<br /> 'I1�e;�ttrest rate I tun mquired to pay at the first Change Date will not be gnsta than %
<br /> ' ��'�� 5.625 �.Tfieceafter.my int�nst ratc will ncver be increa,+ed or da�reased on
<br /> any singlc C'hwige Uate by morc than two percenta�c points(2.096)from the rata of i�U:test I liave ban pnying
<br /> for the preced���g twelve month�.My anterest rate will ncver be grcatcr than 12•6?5 �,• ' .
<br /> ' My interest rate wi11 never be lower than 5..6259K.
<br /> � (E)Eltectire D�te oi Changes • '
<br /> T�q now interest rate wii!become effectives on each�Chnnge Uate. I wi�R'pay the auiount of my new moathiy ,
<br /> pmyoner�beginning on the first rnonthly payment dato after.�,¢�ae�Ci�az►8e Date untit thc amount of my monthly � ' �
<br /> PaYrtient ehiutiges agair�.
<br /> (�Nntia oi Cdanges '
<br /> The Note Holdcr will deliver or mail to rc�e a notice of any changes in my interest rate and thc anwunt of my
<br />__ monthly payment befom tht effective date of nny claange.'1'hc notice wili inclttde infotanation required by law tn ,
<br /> be given me and elso the tide und ttlephone number of a persan wha will answer any �uestion I awy have
<br /> ncganiit►g d��notics.
<br /> MUL718TAT8 ADJUSYABLE RATE R1DER-ARM 6-2-Stn�le Famiiy-Fant�ie WIa�lFnddl�M►fl UnNorm ImtrwnMt�.
<br /> ;F,fmi�194�IY6
<br /> �-8T?A 18J061 �fMV MOHTQAGE FORMS•18001621•72Y7 � PrinNd on HaYcNd Plps�
<br /> __ _
<br /> _ __
<br />
|