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I�H�l�9ll!°'�°7!1!.�.w.�w.�.�..,=�-rin::s�.�-�::,,:.�,�--�,. ^__._..._ <br /> 1 � <br /> ADJLJSTABIrE �1TE It.IDER 20027819 <br /> _ , (1 Year'I�easury Index-Rste Caps) �� �pn�Ae -' <br /> �� I�i <br /> 't'l113 AU1US'fAlf�.l?ltATR RIDBR iF inade this 2ND day of DBCBMBSR - <br /> 199b ,utxl Ix fncor�ratal into nnd shall be deemed to amend and supplement the Mortgage.Deed of <br /> 'Pru�+t i�r tiecudty 1)ccil(thc ".r►ccurity Instiument") of the sAme date given by the undersigned(che"Horrower")to <br /> nccure�ha Iktirrawer'H Ad,+u!;table Rate Note(the"Note" to <br /> !A� laplt�bl� luildlnq�Qa Lo�a AuoGiatioa uf arand Ie aad, tebte�ta, A Bederel Snviaqe Beak <br /> (thc"l.endct•"1���'thc r+nmc dtUC nnd covcring thc proptrty described in the Security Instrument and located st: <br /> 3903 H�AM9TOIi RA ORAND YSLl��iD��N�BRA9gKl�► 68803-6011 -- <br /> THE NiOTE C(l�1TAINS PFiOVISiQMS ALLOWING FOR CWANC�ES IN THE INTEREST <br /> pATE AND 4HE MONTHLY Pd1YMENT. TH� NOTE LIMITS THE AM�UNT THE <br /> BOHRQWEF#'S INTERC87 RATE CAN CHANCiE AT ANY ONE TIME �►ND TFIE <br /> MAXlMUM iiATE THE BORROWER MUST P14Y. <br /> ADDITIONAI.COVENAN'i'S. In udditlan to the covenants und ngreemants made in the Security Instrument, � <br /> Barrowcr and Lcnd�r furthcr wvcnunt und ngrce as follows; <br /> A.INT�EiES7('IiAT�;ANU MONTHI.V PAYMENT CHANGrTS <br /> The Nota prov(dcs for an iniUal int�rest rutc of 7.500 �7.The Note provides for changes in <br /> tlic Interest ratc and thc montl►ly puynkntfi,us follows: <br /> 4.INTERFST RATr ANp M(?NTHI.Y PAYMENT CHANGES <br /> ^-•-- <br /> �f'i�`�`�c"r"a JANUP►RY 2002 �d on tl�st <br /> The intcres:rnte 1 will pay�nuy chungo�m tAe�r�t dsy of � � <br /> day eve�y 12th month therenRer. t'aich dute on which my interest rnte could change is called a"Change Qate." , <br /> (B)The Jndtx <br /> Hcginning with the firxt Ci�angc putc, my iiitcrcxt rutc will bc based on un Index. The "Indea"is the waekly <br /> averege y[eld on United States Treurury recurf�les ndjustat to a constant maturity of 1 year,es mado availuble by � <br /> thc Federal Rcserve Bourd.Tho most rcccnt I�xtcx iigure nvuiluble as of the dAta 45 days before each Chunga Date <br /> is cAllod the'Currcnt I�ulcx." . <br /> If the Inclox!s nu Ic►ngoe availeblo,tl�o NotC linlder wlll chaose a new index which is based upan comparttble <br /> informatlon'Pha Mote Huldcr will givc nx�x�dcc of this chnicc. <br /> � (C)�RlculAtion ot Chanaex <br /> Beforc each Chw�ye Qutc,tl�c Nute Haidcr wf II culculatc my naw int�e��te by adding <br /> Tf�10 • perccnta�c point(a)( 9b)to the Curnac <br /> Ir►aicx. Tha Nate Holdcr wfU then rou�xi thu rc�:ult of this nddition to tbr,neurest onc-eight�i of oc►e perantage <br /> polnt (O.125�). SubJect t�thc Hndte xtutec!in S��cdon 4([�)bclow, this rounded amount will be my new.interrst • <br /> rnta uatil the ncxt Changa Uatc. <br /> The Noto Hnlder will thcn detomiinc tho unwunt of tho monthly payment that would be sufficisnt to repay the <br /> unpaid principal thnt 1 am eancctcti)to uwe ut Ihv Chan�e Date in ibll on the Matur�ty Dnto at my new interest rAte <br /> in substantielly eyunl paynknt�.Thc rc.r•ult uf thir culculatlon will bo the new amount of my monthly payment. <br /> (D)Llmlta on Intcrast Rwte Ch�nges 9.500 <br /> Thc interest r�a�ta I�s�m�requlred to puy ut tlin fi�Kt Ctiai►ge pAtc will nut be grcatcr than � <br /> or less thaa� `X,,'Chercufler,my Intere+t rate wlll nover be iacreased or decrcased on <br /> any single Change Aute by more tlinn two percentago pc�lntx IZ.076)from the r��o���rest I have been paying <br /> for thc preceding twelve mmithy.M intcrcht ruta III i vrr t►c gr er than �• <br /> My int�r�at rr�te wii� n�v�r b� �ow�r �'�an 5.500b. <br /> (E)Efi�ctivc D,wte ot ChanRe!� <br /> My new intcrest rato will Ueconio effcctive un�ucl► Chnngc I)cite. 1 wiU paX Qie lunount of my new monthly <br /> payment beginning on Ute flrst niunthly payn�cnt iluto oft�r dic C(�un�o patc•until thc umount of my monthly <br /> puyca�ent changcs again. <br /> (F)Notke ot Changesi <br /> .... .• •. ...u-- <br /> ...u� �_u..�__...._i1..............�1.�....P u,w.�liw,anu in ntv�ntnrnst Mte alld the 81TI011llt of mv <br /> � IIIC I�UIC(1VNCI Nut uGn�ai �n ttta�t av nn w.n........w..� �......p-- ....-_� .."""' � ' - <br /> - mon2hly payment before the effectivo dute oP m�y chanKc. '1'he noticc wi�l hxludo informatian requirod by law to <br /> - be g�ven mo nnd also the title and tcl�phonc numlxr oi' n �xnum who will ►mswcr uny qucstion I may hnve <br /> = rcg�trding thc noticc. <br /> MULTISTA4E AQ.IUBTABLE RATE RIqER•ARM 6•2 •Oln��ip Fnmilv iABlli�MM�FnddN�M�c UMtorm InsVum�Rt ,; , ,.� <br /> — � form 3111�3186 <br />-- �•822A 103061 v�nv rnor�Tnnnt EonMa �u�tioma� ��u� � lhlntM on Reeyded PeDer <br /> _] <br /> .� <br /> ''7 —��,---�-- -- <br />