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<br /> .�. .. _ �,.� APPL# 001-80227643 ;' - _
<br /> . . _`�: ' . ".� • ��/ •�4•,�� ` , ,_Cc S.,
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<br /> , ADJUSTABLE I�1'E RII�ER �`
<br /> �
<br /> . ` � 1998 .and is " �,` 4 .
<br /> � THIS ADNSTABLE RA7�RIDER is made this eTx day of �� , . ' ..
<br /> .. ino�rporated iatn and s6all tse deemed m amend aad sapplement the MortSaB�,Deed of Tmst or Securiry Dced(the"Secarity � ;�:,, . �. .
<br /> . � Instcumes�e�af the same date given by the undersigned{the"Bormwer'7 to secure Boaower's Adjustable Rate Note(the ,: `V? :
<br /> t'.:
<br /> ' � , . 'TTotC")� . .�} "
<br /> __ gOMg FgpggAL SAVIPICiS & IAAN ASSOCIATION QF CiRAND ISLAND • ' .
<br /> _, ' ' , _ (the"Lea�deT")of the same date and covedng the praperty descn'be�l in the Secucity Instrument and located a� ' -- ��--
<br /> . ' # 20 LILLIAN LAI3B .
<br /> � :
<br /> DOIJIPAAN. N88RASRA 68932
<br /> ' " ' ` [PmPertY Addressl � � 4`,, �
<br /> ! :Y � NTAIiVS PROViSIO1�iS I4I.l.OWII�TG FOR CHANGES IIV MY�S'I�RATE AND : : ,� �. �
<br /> . _ � TEIIS NOTE CO . ,�, ,,",
<br /> MONT�.Y PAYMENT. WCREASES IIV THE II�TS8E�1' RATE �►II.L RESAJLT II+i EIIGHER PAYMIENTS.
<br /> . -.� , pFr�uFecFC IN THE INTERE.ST RATE WII.L HFSIJLT IN LOW�t PAYMENTS. -'Y's°-.�•.;:
<br /> ; � ; . ' '�=`.��z.
<br />. � . ADDITIONAL CQVEPiANTS. Ia addirion w ti�e covenants and agreements made in the SecuiitY Instrnment, -
<br /> - Baaowea znd Leadra further cavenant and agree as foIlows:
<br />� �.°r • =-e.-.-.
<br /> • A.II�ITEItEST�ATE AND MOFITfII.Y PAYMENT CHANGFS . ;. ,`°;'=
<br /> ' � 'The Note yrovides for an initial inte�est rate of �.500 %.'1l�e Note provides fos chaages in the . ;`—
<br /> ,_r �..���
<br /> . ..- - mt�esc rat�an8 the�nonthlY 1�Yme��,as folloars: �� � ,'� -:-
<br /> . , -. . �,�
<br /> 4.INTERFST RATE AND MONTHLY PAYNIENT CHANGES � � �=;,,:_
<br /> . � . . �Y:i� �.:
<br /> • � (p)Change Dates -« ���`
<br /> I wU a ma chan e on the futist day of APRIL 2ooi ,and on that day �`: '��"��..
<br /> ' The interest raie P Y Y 8 , �_.: � r.za€�t:,
<br /> r°"`• ,
<br /> � • . eveay 12TS raonth thereafter.Each date on which my int�rest rate coatd change is csilted a"Change Date." ..,' • ;
<br /> rest ;`�:<�.�;:
<br /> , . � i:�a,w�:
<br /> : . � �:�-
<br /> ';. B)The Index - �'�s=
<br /> .' . v�,,
<br /> , , . `�;��;
<br /> ' . � ' � Begmniag with the first Change Date,ray intcrest rate will 6e based on an Index.'Itie"Index"is: :-::�:
<br /> : TgE WSBRL Y A V E R A t 3 H YISLD ON UNZTED 3TATSS TRBASURY SECIIRITES AB�NSTSD TO A ''��� .--:'_t�...
<br /> ; • -_ CONSTAL3T MAT[JRITY OF 1 YSF1R. AS MADB AVAILABLE BY TSE FEDERAL RBSSRVE BOARD. ,.'.�j,;y.__
<br /> , • :' � ,�'`�•:
<br /> . ( }j-:/
<br /> . 'll�e most recei►t Indea figure avaitab2e as of the date:� 45 days❑ � ,.$�
<br /> •" � before eacd Cha�ge Date is called tt►e"Caaent Index° . '?�
<br /> , .. ' .� .. ,•�'*'
<br /> "�
<br /> : � If the Index is no tonger avaitable.the Note Ho2der will choose a new mdea that is based upon campa�able infom�ation. ::,� :
<br /> _ 1]ie Notc Holder a+ill give me notice of this choice. • .`�"'""'_
<br />. J� � '
<br /> � ' � (C)Catcalat�on ot C6anges �
<br /> i �3efore each Change Date,the Note Hotder wiU calculate my new interest iate'S fl �B %)w the Current Iudex. . � . . .
<br /> • . . � TFTO AND THI2EE QUARTERS peaCenffige point(s)(
<br /> . .� � The Note Holder will then round ihe result of d»s addition W the �Nearest 0 Next Highest [�Neat Lowest . : ,
<br /> i ONE EIOHTFt � .�5 �IO�.
<br /> • ' ; ' Subject to the limits stated in Secdon 4{D)betow.this munded amount will be my new muaest rate until the next Change -
<br /> :� Date. . " • .
<br /> � Thc Notc ttolder will t1►en determine thc amount of the monthly payment that would be sufficient w repay ihe unpaid ,.
<br /> �� ' ��. � principal that I am exyected to owe at the Change Date in[ull on the mauuity date at my aea+interest rate in substantially . '
<br /> � equal paymenis.The result of this calculation will bc the new amount of my monthly payment :
<br /> • � ' (D)Umits on Interest Rate Changes
<br /> " . i Please check appropriate bnxes;if no boa is checked,there wi!!be no mn�amtun limit on changes.) . •
<br /> ' � ` (1)There will be no maximum limit on interest rate changes.
<br /> � � (2)The interest rate 1 am reqnired to pay at the first Change Date will not be grcatcr than 9.500 % .
<br /> • � or 1CSS than 5.500 %. .
<br /> � x�❑" (3)My interest raee will never be increased or decreased on any singie Change Date by morc than
<br /> � 2.o00 %) from the
<br /> � . � Ttao PE1teElsr percentage point(s) ( � .
<br /> . � ' ,j rate of intcrest 1 have been yaying for thc preceding period. . .
<br /> � � 0(4)My interest rarc will never be great�r than 1z.soo %,which is called the"Maximum Rate."
<br /> � TFIE "MINIMUM RA'PE" WILL NEVER BE LESS 'I'I�AN 5.500�.
<br /> � ; AIULTISTATE ADJUSTABLH RATE BiDER-Singte Family 8194
<br /> . Pago 1 012 •
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