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. �i^•{ri:,, �I� , ___. . -�=-.... ..�.�.�.,, , ---�- __ �-' �_-_.��, — --�� - "•' "�..�._� .�.� . ._�.. ___..'_"_ __ ..� Y-� "_ t'!#��A.f�� • '- . , e�. . .�+.r��.}.��_.,_.. . 't '" ' " __�___•., ,__,—u•1_.��u'�^1+[:��'.-. .�. f, - - . ....._..�r�..w.__----_'—.—_." _ __.__s—_ —_.__2—�-...��-��ti '��'--- —�.. _ ��{r�t :��':__ . - - -- -- - - _ t; , : . • ADJUSTABLE ItATE RID�R � ?e�� _ — 1l Y�wr Tre�rwy Iudex-R�te Cape) 2Q02 �_, TH15 AWUSTABLE RA tE RiDER is m�de thi� 24TH J�y of OCTOBEFt -° 1 g98 .and is inrnrpc►rxted into anci�hall bc dec�xd to aaieixl a�x!supptemerit thc Mortrare.Doai of Truu or Security I�oci lthc 'S�curity instrunient')of thc sui�e date�ivcn by the uodersi�nai(the"t3orrowu")to secure tAe Borrower's Adjust�bte Rpte Note(thc"Nc�tc")to - TI� Epuit�El• luildin4 tao lo�n Associ�iiae of 8r�nd Isltad, M�Et�sM�, A F�d�r�l S�vinpf B�n� (the"Y,eadet')of the ssune date and covering the propeny dcscrit+cd in thc Security Inctrutnent w�d locaied at: 822 W 1STH ST QRAND ISLAN�. ��NE�BrRA�ss� 68801-3607 THE NflTE CONTAlN9 PROVISIOWS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. 4HE I�OTE IJMITS THE AMOUNT THE BOARO�RIER'S INTEREST 6tATE CAN CHANCsE AT ANY ONE TI�AE AND THE YAXIMUM RATE THE BOHROWER MUST PAY. ADDI7'IONAL COVENANTS.In addition to the covenaut�aud agreemenis rnade in tM Security Ins¢cumea+t. gorrower aod i.ender furth�.r covenant sud�agree as follows: A,pV'f�RES"T RATE AND 11�tONTHLY PAYMENT CNANGFS 11�e Not�providcs for an initial intereat rate of 7•625 `k•The Note pmvides for ctwnga in � the intetest rate and the mondily pavments.ac fo;lows: 4.p�ITERES'T RATE AND MONTNI.Y PAYI►iENT CHA.ti�ES (N)Cl�e D�tes . Ttre interest ratt I will pay roay ct�nge on the iitst day oE atOVEbiBER ��01 .wd oa tbat d�y every 12th�wnth�harafter.Each date on whicb my i��,rra�C rate could chat�gt is callod a'Change Date." (B)'i'he Iadr� Beeirming with tho first C6anSe Date.my intr�st rdte�vill be hsued an an Index.The "Iackz" is c3�e wak1Y averane vieJd ou Unitod St�tes Tc+e�ury sxuriNes adjusted to a constazu maturity of 1 year.as wacle av�il�ble b}t iW" �T��.. _ . - .[�e Feder�l fiescsvc Bou+d.Ttse aimst recssu Index figurc avaai�te as of tee ciace v5 as�ys oeio�a�.w.�y�:••�• is called the'Currer►t Iadex." . If the Iadex is no tonger available.the I`ot�Holder will chouse a new index which is based upoo oomparablz informuion.'TGc Note Holdex will give me nati�of this clwice. (�7 C�� . Beton each Chai►�e Dtue.tLe Note Holder witl calruL�my new interest rate by addiag 1M�D peneatage po;nt(s)( 2.000 95)w the G�ureot • Inde�t.'Ibe Nota I�£otdu will tlxn tound the�s of this addidon w d1e ararest ooctightb of ooe paneota�e poirs�(4.1259b). Sv6joct w the limits statod in Seaion 4N?below.tHis cm;�ded amount will be my aew interest - nte u�til tbe next Change Dau. 7]�e Note Noldrt will thea det�mine tl�e amauat of the moa�athlY PaYmeat that waild be sufficieat W repaY t1�e �PnaciP�l t}�at I am expected to owe at tite i�ge Date io full on tbe MaturitY Date ai my nevv interest rate in subct�ntiallY W�al PaYm�ts.The rasult of ti�is calculatioo will be the xw amouat of my montWy pRy�• ' (D)jlmite°°Inte�i Rate Ci�nge� 9.625 9G 1be interat rate I am requirod to pay at the firsi Chaage Daic wiQ no¢be greater ltu�a or lest t�a 8.625 9i,.Thereafter,my interest rate will aevu be ixrrased or decrrased oa �►Y�SU�Se Date by more thza two peiaYatsEe points(2.096)from the rate of interest I have iaeea P�Y�S for the Frxuling twelve monthc.My interest rate will never be greater thw 12.625 46. My �ntscost rate will nsvar be lower than 5.625%. (L�Flfective D�te of Chaages ' My nw intensi rate will become effactive on exh Chu►ge Date. I will pay the a�wazat of my new moathly - W►Y��S on �tse first monthlY P3lmcnt date after the Ct�ange Date until the amount af my monthly PaY��Ya�• . (Fl��es 7be Note Holder wiq deliva or mail to me a notice of any changes in my interest r�te wd tbe amount of my monthiy payment before the effective date of any change.The notice will include information required by law to be g;yeo me and also the tifle and telephone number of a persc�e who will answer any question I may have re�uding the notice. . � _ r . ♦ _ M�JLTISTATE ADJIJSTABLE RATE Rl�R-AR�6�2-SinpN Family-FaryiN INa�lF��ddU Wc Udlum irt�f�ww� Fonn 3711 3l86 -- �-b22A waoci vw uara+►�c ca�s-woou��aza� V a�nna op n.�v�+.a►.o.