Laserfiche WebLink
. ... , . . <br /> .�,,,,., , . . <br /> , ,w�,, .. .. ' <br /> �:;� • �_ :: <br /> - . ,,:• <br /> � <br /> , � >.,�- <br /> . � `� ��.:. , . -- - -----� � . « ±��� ��.. ...:�,.:�,.:.����:� l--;--, .. . ,: ----`'�.�:.�:. <br /> � . .�.�.y .r,..'"Y'��':^ { r. . f .rr�' � , . � . , . .. , . , - ,. . . , - -r ... T. -- <br /> . '+' � .� • .. ... .. . ..y- <br /> .i . � .� �. � � . • , ,. - � - " . .. <br /> . . . � n . .. �` � .i.. � <br /> A - ' .. .-... .. _. .. •� . <br /> . . s. . . . _ . - . . .,n. ...... . .. ..._.—"----...--'.......-'--- � .....• <br /> -�----�'-J ..._.. . . . . . . � <br />, , • • „ � <br /> g�-- '�,�.1}(IIIZ�� E. <br /> �� F <br /> F �,nL TAB ,$A.'�ElIIVDEJ� CQNi��ION OP'd'ION_RIDEIS =. <br /> �_,,��; _ <br /> ���.�� _." _. <br /> THiS ADIUSTABLE RATE/INDBX CONVBR3ION OPTiON RIDP.R ie made this 18th day of December, 1996,and i� _ <br /> � incoiporated into and shaA ba deemed to anacnd and supplement tho N�ongage. Deed af Truat or S+xurlry Deed (the - <br /> � "Securtty Irutrumtnt'J of t�e same dato given by che undereigned(t/te "Borrow�r") to secure Bonower's l+djustable Rate =_ <br /> Note (tht 'Note") ta Merrill Lyncb Ct+edlt CorporaUon,a DclawAre co�poradon (the "Lenda') af the same date aad _ <br /> . "' � coverin�tho pmpercy desedbe�in the Security Iasuument and loeated at: <br /> . a, <br /> �, an�s R„��,�,nndf Rnuievard (itand Isla�d NebtuslsA GB801 — _ <br /> . .._ (P�PertY Addcess) <br /> .` THE NU+I'E CONTAII�JS PitOVISIONS p)ALLOWING FOYt CNANGE9 IN�QVTEREST RA7'E AND'I'� �- <br /> � ' � MO:+ITEQ.Y PA1f11�NT; (U)LIIVII'I'ING T�MA�ID1�iTM RATETHE BORROWERMU'3I'PAY; AND (W) _ <br /> - �I ALLOWING T[i$SO1tROWEAAN OP'['ION TO CONVERT FROM THE CURRENT INDEX TO A NE6'V � <br /> : " :�'�`°'��• IIVDEX AM1 MARGIlV. <br /> -�'�.;>',,.. A,dditiooal CoveaAnta: In additlon to the covenants and agre,�ments wade in the Security Instrument. Bomower and <br /> . .. . �'� Lender furth�r coven�nt and agrce as follows: � <br /> . , - <br /> �`�"����" � 4. IIVTERE.STRATE AN� MONTHLY PAYMENT CHAI�TGES <br /> __-.,�n;`�,',.T <br /> :'tf wh� <br /> - �:`.'� re� cha.weilaer.a <br /> - _ �-� --o-- - <br /> .-`'IF�,I'F��-- <br />:�t:�r` Yrr'�. 'Itie interest r:te I wall pay ma+y change on the 4'irst day of March.1997,and on ehe first day of every m�nth thereafter. <br /> �'�'�'� '� F.�ch dtte on which my adjusqble rate uould changa is called d"Change Dato." - <br />-�. ��• - <br /> -��-��=�°�° - <br /> _...,:�r <br /> --�.,�.�� <br /> _-_=�a:�;i� (B) �e Index <br /> .. �� <br /> -;�f:,�'- <br /> -�-•�*,��y Beginning with tha fuet Chaage Dau, my iaterest rate will be bue�d oa en Index. Tho "Index" ts the average of <br /> -_�:�� interb�nlc offered rata for oae-month dollaz dcposits in the i,ondoa market based oa quotaflons of inejor banks as publiehed in <br /> •°-��� The Wall,��,Journal 'Money Rotes'table. '[he most receat Index�xgure availa6la as of thc datc 2S days befon eACh <br /> -==;�-�� Clunge Due�i c�lled tho'G�mat Index." <br /> � If the Indea fa nn longer available, thc Note Holder will choose a new indcx which is b�od upoa wmparable <br /> -�...�.,.,..�_. informuion. TLe 1�Tote Holder will givo me nodce of thia choice. <br />����- (C� Caku4tlouot Ch�ng�s <br /> - $ofon e�ch(�uwge Due,thc Note Holdor will calculate rnp�ncw interest rate by adding two and five eightLs percentage <br /> _ '_ ° point(a)(2.62596) to the Gtnrnnt Indea. The Nute Holder will thcn round tLis figure ro the nearest one-eighth of oae <br /> _,.t_..�_ percenu►ge polnt(0.1259G). S�bject to the Ilwiu stntal in Sax�on 4(�)below. thls rouuded amount wlll be my new intet�est <br /> �__ nte until tl�e neM Change Date. <br />