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<br /> ' • � lLt�JU�iT�hBl.E 6�I1TE IiIDICR �•- �.��,��
<br /> THIS ADJUSTABLE RATE RIDER d�m�da thl• �Otl� d�y of Deaember �i996 � -
<br /> � end I� Incarporeted Into end ehell be deemed to emend and �upplement tho Mort�epe, peed of Truet ar Security '
<br /> O�ed (ths "S�curity Imt�umsnt") ef the a�m�d�ts plv�n by 4he underdpned (the"Barrawer"I to aeaure Bqrrower•e '_
<br /> - Ad�usteble Rete Note (tha"Note")to COlfi�iRRCIAL CRS�IT CORPORIdTION _
<br /> �
<br /> �� .'• (the "Lander")of tha eame dete end covarin�ths prope►ty dsacribed in the Securlty Instrument Iece4ed et: _
<br /> _�,,,:.:F . � 1736 � CURTIB STRE8T (iRf►ND I6LJ�ND, NB 68603 -
<br /> � .. ..w►.
<br /> � (Propsrty Addresa) _
<br /> ' THE NOTE CONTAINS PROVISIONS ALLOWINO FOR CMANGES IN THE INT[REST RATE AND TWE MONTHLY
<br /> ' � PAYMENT. TNE NOTE LIMITS THE MAXIMUM RATE THE 80RROWER MUS7 PaY.
<br /> � � Add3tional Covanants. In add(tion to tho covenents and agreementa made in the Security Instrument, Borrowdr end —
<br /> ' Lender further covenent and apree as foflows: _.
<br /> , �
<br /> _.� INTF.RF.ST RATF ANQ M�NTHI.Y F�AYM�NT CHANGES:The Note p�avidea far en initiel intereat rate set farth ea in _
<br /> the Note. "r�+p Note prnvides for c:hanpea in the interest rate and the monthly payments,as followa: �
<br /> . �;`�''�;=,;
<br /> � �"'�t� The (nterest rate Bor�ower will pay may change on the3 m�a�th anniversary of the Date of Nute and evaQy 3 =
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<br /> � montha thereAfter. Eech ¢late on which Borrower's interest rate could ch��,ge ia celled e"Chanpe�ate." �-
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<br /> ,..,� '� Beginnin8 with the first Chenpe Date and every 3 months thereaner, Borrower s ir�terest rate wili be chen8ed to -
<br /> �;`..1`�; the Index Rate plua e maraln as so4��arth in the Note. The "Index Rate" is the highe�t prime rate publiahed in tha =
<br /> � Money Ratea column of The Ws!/Sheet Jaumel on the calenda� dey immedietely procedinp the ChenQe Date; or, if
<br /> '�;;`,�; ; the indsx was not published on that day,that rate on the next preceding dey on which It was pub!(shed. _
<br /> .,•�,,� . ;::.
<br /> ' � . ' �.. ��__ �lI���RIAY�!l1I��X: I}�§'j���LIAY {��jQ}Q nfl!11[1:A/AUa��AFtIA, 1��r�n�w4!!�hnnay a r�a�r�r�rlgY Rntn which it believea -
<br /> � wlll most cHase(y ap�arox3mete the former Index Rete.
<br /> - ' � LIMITS ON ti�1TE CHANGES:The mextmum end minimum interest ratea durinn the{ife of Yhls loen are set forth �n _
<br />•.•��.1�;r'a�'' the Note.
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<br /> ,�°`"�'''�;'� �NONTOiLY PI4YMENT� Prinalpel and tnterest ahell be payable in conaecutive monthly instailmente. If the ra�te caf
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<br /> = '"�''��� tnteroat chanpea, the number of monthly paymente wlll not chanQe. The amouni of the monthly paymenta will
<br /> ? -;-��' chanpo to the monthly Amount needed to repay the remalninq unpaid princfpal balance plus Interest aa chan�ed in
<br />-'_,;�;���;; , the romein(n� nurnbsr of paymanta, asauminp that all paymente due efter ths catculation ere meds are pald ea -
<br /> ••:'•�p* scheduled. The firet chanpe, If any, in the monthly peyme�t amount w{II become effective an the 3 month
<br /> '___�_=�� annOversery dete of the fint peymsnt due d�ts. Subaequent chanpea in the monthly paynnent amount mey occur an
<br /> .-.�_�-:--�+��� the payment dus dete every 3 montha thereafter. Each new pa�yment emuunt w(II reenalr� in effect untll the
<br /> =��'"''��� effective date of the next psyment chanpe.
<br /> -•._.�.�+�
<br /> �=:?�'�� p�FAULT: If Borrower falls to pay any payments whan due, Landar mey exercise any rerreediea permitted by the
<br /> '��v..� Security Inst�ument in 4ha caae of defeult.
<br /> ���.��:
<br /> ,-.-:_-:�..�-_R�_� �y Sipn(n� Below� Bor�ower accepta and aprees to the terms and covenenta contafned in thia Adjuatabte Rate _
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