|
. . .i y . , fi;. • . . �. ,`'`.
<br /> . . . , _ � ' ,_ _ . . � � - - + ."a. . • , , - • , . . - .. . � _� � << , ��, �,
<br /> � . � . � . .T- . �;. . - . 1-. . :. ' �.. .:. .:_. -- . -i-
<br /> . ,�
<br /> , .-.
<br />. .� 4 . . _... -_ � ' - <
<br /> ' .� . - • . i. � .. ' - ` - _ � ._.. ' . � . .`5 . . -��...w.rM ✓.'�•. _
<br /> � " �--� �_._.�.�.r.����1.��..�.`y..�L�� �+_. _ �`�' ��.�._ � r�'.� . .
<br /> - _ �C
<br /> ' •. � R�•REC�R{��D��� �'.�'�ri ��D e c, , � A„ ...:F::- --
<br />_ � • aa��a�������a� 1�'�8'�O ' .. : �`,:t,�. :,�; _ ..
<br /> �. , '°� e�_ �`� ..�: -
<br /> . • .
<br /> �..:
<br /> u THi�AQ.lUSTABL�RATE RIDER is mado thl� 3z� �aY of ectober .1996 . � . �' .���. _.
<br /> artd is inc�rporated iRto r.n� !�hatl bs daemed t��e��+d e�d sup�f�tinont�s fViangaga. Desd of Trust or Security _ _y��== �
<br /> . Dsed(the`�ecurity tnstruer+enYl of the samQ dat,m gt�.�n h!<t�0�cndersigne9{the°Borrower°I to secure�onower'� ,-- -��,�_�-_-"
<br /> A�justa�le RBte Mote itt�e'Nate'1 to CCi�RCII]�L� cRf:DZ� CaF�ottATiON ; : ' . . � .'-''
<br /> �thv•Lender°)of the sama dato and coverin�4Poo psop�rttl d�scrib�d tn Me Securitv Insuument locatad at: _' :r��„�-
<br />" 7Z2 N BB15L CfRE3tm ISLA2�. NT3 t860L —; �_�-,��_
<br /> (Pac�svt�v 1�it�ros�!
<br /> t,
<br /> THE NOTE CONTAIi�S PROViS10MS ALLOWI�Iti FflR GHA�IGES (N THE INlTEREST RATE AND THE MONfHLY ,.��� :,,,��-
<br /> PAYMEMT. THE NQTE LIt�i17S TN� AMOL�I�iT.TI�E �fliiAflWER'S ::�4.,�EST RATE CAN CHANGE AT AMY ONE �- =r--- � :_;
<br /> TiN1E AND YHE MAXII►AUM RATE THE BORi��W�R 1V�4l5�T PAY. -
<br /> ':;:�"
<br /> Add�ianat Covenanis. In additlon to ttto coveRa�ois and aflroamer+ts rnade in tha 8ecurny la�strument, BoROwer and - --_��--rg-_�..�—
<br /> ' � Lender furtirer covenant and a�Qe as��liav+�: � '� ` �� �
<br /> .,� ._.x.�. �..� :y -W
<br /> ��_
<br /> �� lNTEREST RATE AND �AON�HLY PAYiU1EN'1`CHA�iS��S:_Thi a �{otA provides fcr an tniteal iMerest rate set foRh in .,-•� - ,;
<br /> • the Nute.The Note provides for changes in 4itc�in�se�m�o and the manthly payments,as foll�tiws: • �l --, .; . --
<br /> ':',.�;,-.;*t:. '. . :
<br /> 6 FF' ,��� t�: �.�.:,� _
<br /> � �I TI48 II1L6f8St('die BOROWBF W11I �my ti18Y�aR03 Ot1 thQ�'� manth anniversary c�a the Date of Note and every �-"�"��� :-_
<br /> �� r f( ._ ` —'- -�.
<br /> manths thereaker.Each daRe on v�htch 6orro•�rer's inttiro�t rate could change is calted a'Ctran9e Date." ; ��t�.,,. .':�
<br /> -: r.-:.;- .��.•. .• :,..:
<br /> �_ �
<br /> -.`�a�w
<br /> • Bbginniag with 4ha firat Changs Date and ev�r+a 6 mnnthss therea4ters Borrovuer's interost rate will be changed to ..s.--;..•.��� � �:_
<br /> � � the Index Rata ptus a margin a�set foRh in tha (�ote. Ti�a °Indau Rate' is the highest prirQea rate published in the �° '�►�`•� —
<br /> Monay Rates cotumn of fie Vllall Sbeet Jovr�r�9 oa�tho cslandar day immediately preceding the Chartge Date;or,if ��'''� -' -�
<br /> !
<br /> �� the index was not pubtished on that day,tha�rat�an tho noxt preeeding day on vrhich it was published. �' �
<br /> _, 'f
<br /> . - ALl'ERiVATE INDgX:ff the Indsn Rato is na Q�o�e�az ava:l�b'.�b, Lend�r wiil choosa a n��nr Ind�Rate which i4 beliaves �:=;,:•��;:�.:;: ;�s��:;`. ':_
<br /> i wiil mast clossfy approximata the far�mer Indatt R�to. ��jf; . '` .
<br /> - ;�:� .
<br /> • 't •f 4
<br /> .� �! f.�,:..y�� '��'�. :-,.
<br /> , UM1TS ON RATE CHANGES:The maaimum a�d mis�isnum�l�terest ra4,os during tG�I'�fe of this IQan are set forih in
<br /> . .j the Note. �;., , _
<br /> ..r.
<br />. ' •:�,. . ..
<br /> :. :f MONtt-(��5� PAYNlE11f7'S: Pirirtci�!and intarest s�a3!be p��able in consecutive rtianthty insYal(meMS. t¢ t4�e rate af '�`,� '�"�;�:� , _ .
<br /> �. . �; i n t e r e s t c h a n 8 e s. t h e n u m b a e��r R a n t h t V R�Y�� e ti�"3 nnt r.�aa ga. Tho amczu�:3 of the mar►tfiiy paymems wiN- �` . .• ." 's•r; '_
<br /> �' �:;;,;;
<br /> .� � ' � c t�a n�e to the montt�l y amount neaded to ra ppy tho rom�Ining ae�paid principal bafance pius interest as chana�in '` � -
<br /> � } tha remaininy number of paymento, assumi,nQ th�rt�aU payenenYS due efter tha catcutatio� �ro rtead� are paid as � t' :
<br /> .�.f acheduled. The first change, if anY. �n �� �mn�ly p�yr�i��.ni amount will become offectivfl an the 24 month < -����` �
<br /> ,'t. ___
<br /> : ? � anniversary date of the f�re4 payment dao da�.Subs�AUOnt:�han�es in 4he montfity payment amount may occur on '. .-----_
<br /> ,„. ,,-,,..�.,:. '
<br /> , . the g�ySi�enY due date overy 6 . months theresita�. Eash new oaymerR amo�t vuip r¢main iR ef�oat until the -- ,
<br /> j � ef�ectii����ate t�f the�ext payment chartgo. � _=
<br /> t_...
<br /> , : .i-� . --��..,,..�,:-v.. _
<br /> � }� a T• tf Borrower fails to Ray any payit�aro�wi�en duo. Lend�r may exercise any remedie� permitted by the - -
<br /> �i Sa�+i�f.�iswment in the case af defaui� � �.�i -=___..__ -
<br />� . ;. ;��� � "�';'.��a:.�:�
<br /> : :�.�� By 5iga{ing Bsisw, Borrawei accopta and agPOas to t��e terms and covenants conta9ned in this Adjustabte Rate �'-=—_ ____��_ �
<br /> .'�'? RideF. � ,. ��' -_
<br />.. t��.��'. . � �.��.-�,; �---
<br /> _ , �� - -- - —�-�R.
<br /> � , , . � � —:�.�_�
<br /> ;5 . �- t (ZiBa'��D �.58$�1. i..� _ .fS!"
<br /> . �. :�i' ' -80ROWEt ^ ,��� � �CC[�Wlfit' — ;:.+nr-�`X-,
<br /> ., ,. �if: .�'.� ,��' ` ; . � _,�: ��.� �
<br /> � . �� � -
<br /> . . ���� . � , . . :.- . �°�� -
<br /> :ti� 2gSSi£•[4Ei34) ��'��_.�
<br /> _.:�.�;
<br /> �:t`. . �ti�3�e1!1'�:ei�d) co�tgzaa:.:) co���a�ca�D • ��'�`'=�'=.
<br /> . :� t. . - .�,�'_—
<br /> r.tir+�^�
<br /> � �:
<br /> - _ . . . {�;1iJ. - , _ � r .-QI �� ' �t ' , ' • l,j�,� i . , -, ' ""
<br /> � � � �}�t�`:. ;�, ?, ... s . � : t�J��`�_ � �,. . ... �_;,F.,:�,.,�.�..�,: _
<br /> . � . . i;�� f . . ;; • . � +��±',. . `i �;ri•;t�; ', 7��i,!'' ' . F'...,
<br /> ,• i: � �
<br /> . . • . ' ,. s. ; f,'.`n' , ' - ,T�t� 3 , . � ' _..,..,..,_.�. ,._ �':
<br /> . . . . . ' � . . . . . • ,� ��!`� .. . . . .... . - . , .. '�} . ' .. '. . . - . - �`T'
<br /> . . • . ' . ' ' .. _ . . � . � .. . ��(Si�' . ' • � � - � .. : '_._ - . _ ' ._ . _ - ' . ..�r,r-��-�-
<br /> . . . �i . . . ... . _ . .. .
<br /> .- • ."�� . .. � , . . . . ., . • . --=
<br /> � ' ' ' . '"6' , .. . . . � . '. ' •
<br /> ' . , . . . ' . . ' ' .. _ • . . I=_-
<br /> . • ' � . � ' � ', � . ' •.�. � . . . . . .' ' —_,_
<br />- . � . - . • � . . - - ' . . � . _ . ' ' . ." � • , � ' . . . .
<br /> - . �. • , .. . - � . . _ . . - . - . . . , . , .. • . . - . .. ��--
<br /> . . . . . . . . ., , . _
<br /> . , . .
<br /> . . � . . . . �... . . � .
<br /> . - . . - , - ' . - ' . � . ,- . . !- � . . , . •
<br /> • �� ".. � � .....- t.,...' ,.--•:_.-......-"__.._...._._......_..._.,.. � . � � --'. - ... . - . . . . . .
<br /> � ' - . i: � . . _ � . - ' _ � . , .. . . � . .. ,. . � ... .. , ' • .'. � . ' . ' -
<br />, _ . � � . .._ �. � .. . .. � . .. . • . � � . , . _ , . . .. .. '" , n_ � �. ... • . . . ' . . . . - � ...
<br />
|