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<br /> APPL6i �01-609200�3 y� '
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<br /> I.E itATE IgIDEI� �' �'� ���4-��
<br /> 11TH �y Qf D�BBR , 1996 .8Il4 iS � �
<br /> � TfIIS ADNSTABLE RAT&RIDER is�sde this �t the Mo�tgags.�ed of Trust ar Stc�ry�(�►e°S�urity .
<br /> . mc�porated'mw amd shall be deemed fo amend aad snpP - . .��,.
<br /> Insuumeat")of the same da3e Hiven bY ihe under��xd tth�°�wes")tu�e Boaowca's Ildjustab9e Rane Note(the ...,k.'
<br /> �� °Plate")m g0;•� FHDSRAL SAVZP7Ci5 & IAAN AsSOC7ATiON OF C3RAt�D iSLAND �•:=.,,�Y_
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<br /> : de�'bed in th�Sec�itY Instrum�at and lo�Ee�� ��,i,:�:.�::�
<br /> ... , � (t�e°Leadd�af the same date a�d coverin8 ttie PmP�S' ` : '
<br /> .� 3 419 SAST HAL1+ ST �::�:.
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<br /> -- (;g1�12�ID ISLAND� N6BRASI� 6880�A�`' •
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<br /> � R.�TL AND 11'fX �"°�°''�'
<br /> ` :�'��°� TI�IIS NUrTE CONTAIl��PSOVISIO1�iS ALL0�9H�IQ's FOIi CH[a1�CsL'S Iid l4iiY II� �,.__ _j';.,.'
<br /> . MO1�II.Y PAYMEN'I'.EIeIICBEASES IN 'i'�� IIATL W/LL II�U1.T IIV B�CHL�R PAYNiLNT3. _.__
<br />;;�i`,��, DE;�:�EA�ES IN THE II�'PE�tESY'B�ITE @�D.L RT�SUI.T IN LOZ'V�t PAYAREIN�S- ��:=-
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<br /> ADDITIt1NAI.COYENAI�iTS. In addmon �o th�e cavenanis and ag�� � ia t$e S�Y Insorum�►t, �,,;�_:-
<br /> .. as fol2ovus: I'W..�•,:?
<br />=�:�-.�`,' B�rowea an�I.wder fmther oovea�t aad a�ee —
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<br /> . �„�'g,�F�ST BATE AND 1!'bONi'I�.Y PAY1ViEN['C�aNGES
<br /> �. - rate of e.�so 56.'I�PIot�provid�far cha�ges in the ��'
<br /> ��est rate�t��mo�nd�Iy paymeuts,as€�VPczws: ���_ _
<br />-' •` ; 4.�PTERF�'�TE A1�B 1���NTfII.Y PAYN�1�i'i'�NGES
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<br /> HWfSt�i88R . x999 ,�1d�t68LdaY — _:.._.
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<br /> ' 'ilt�:int�test raie I N-i�l�may chaage on the fasc�p of e w ��`:�-
<br />--= r�� 12Z� mi)n�i'�.BB+Cb dera O��vl�t�10�'inLesest mS6 COlild c��:ii Call�d 8 ChanBe�'ate. �a-..•
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<br />--'�-':��,? , $�Q�W!$l fZIC fD'S[C. '�$e D'�.�y IALCI?3L TiISE t'ri�ll UC b3S�.�R 8D ZII$97I.�o�m-�.:.
<br /> T� WSSIQ.Y AVSRAC38 YISLD ON UNITBD STATSS TRBASIIAY SH�3TB8 AD�.+"l7i� T� A �;' .
<br /> � . . CpNSTANT Ng1TQRI�'Y OF 1 YEAR. AS ND1D8 AVAILABLB BY THB PSDRRAI. R�SBRVB BOARD. ��:__
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<br /> 'Iba most recent ladex fgare
<br /> avtu�abk as of the dat�0 45 daSa� . �:�
<br /> � befoxeeacL Ch�Be Date�SCalted the"Gu:entIndcx.°
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<br /> .. If the Iades is no bnger av�D1e.the Note Holdec�a i"�choose a naw�thss Ls baged apon�omP��?�� .
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<br /> . 'Itiallote Hoklerwill give menotice of this choice• � . �-`'`��_�
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<br /> .'. (Cj Cd¢uiatttin o!Chnngts �1��:•
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<br /> .,. .. Befaae�cab Cbange Data.t�e Noie Hold�w�l calailate my new mu�rest�o�dd�8 y6�w the Carreut Iadea. �;;'.:W'
<br /> � Ttdo 312TU °I�.."�ES 4tTARTBRS P�'��8e��us)( ;','�;',
<br /> � Nearest []Ne�ctHlgbest �Ne�csLowest� �,,,;,,•
<br /> .. . .: 'The Note�If�I'.1�witl thea�mIInd the msoIC of this additlon tu the � � .ias 96,: "+;:4t;�`:
<br /> oxs sro� ''"-,.
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<br /> . Trd�t to Stte limits stat��SYcdon 4(D)below.�s rouaded am�unt w�l be���w intaest iste�mtil the r.,ext ChanBe �,_,_::
<br /> , F��. ent tf�at woutd be��c�at to�epaY���
<br /> 'I�"��te Holder wU then detam�e the amoant of th�mnnfhiY DaYm d�te at m ne��i�r�zest rate in sabsffiniialty�
<br /> . . �.P�hs�.D am expected ro ovra at t6e ChanSe Date u�fall on the maturitS► Y
<br /> � � �p��,i�e res�s oi thi�caEculasion w�l i�e t3�e ocw amaunt of my mantIIlY P�+Y�L ----.
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<br /> �)�ni�m�gsd�s�e:9:�Ze Cban=es �,""'"
<br /> . F�alim�c ayD�op�iate 8oras:rf nn box is checkid.Art►e v�iU 6r no m�ima.^�Fu�a€s�3�'�+sreges.) �-�-
<br /> � '�e arjD be no m�r,an limit on int8est rata cbanges. �`�
<br /> ' l J(?'�intcsess rate I am rulvue+d tn FaY at tne first Change Date will noa be�6�um 10.750 �!r �;,'cF;
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<br /> . . Ga iCS.4�n 6.750 96. ���:°:
<br /> � U(3)My intesest rate will never be in�ed at decr�ed oa any smgie Cismu�c II�ts�'�mo�thw �;;,i,
<br /> s�o �xeErrr paee�taae po�nt(s) ( �.o 00 �) fmm �ne
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<br />� � rat,e of intere,st I have boea FaYmB far the�reoedm8 P�� ��=
<br /> .. 0(4)MY mtraest iate will nev�be�eatei than 13.�s o 96,wtach is r,aile�the"Maxim�n Rate.° —.
<br /> . TE� "MINIMUM RATB° WILL NSVBR BB LESS THAN 6.750�. t1�1 �``-
<br /> � � YI�Lt19TATE�DJUSTABLE RATE RIDEH-S1nQto Femity p`a���z nA �"�
<br />' � WVYOAT(iAfiEF04iY8-(t00I821•72�/ InRi`�j':jj� F-.."'.:
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