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97101575
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Last modified
3/11/2012 5:50:26 PM
Creation date
10/19/2005 5:18:15 PM
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DEEDS
Inst Number
97101575
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�r' <br /> '•*'�k „ <br /> � i N/ <br /> .�« <br /> /} �;�^ ' <br /> .. ..._....__..�..�.�.���.��.. <br /> �. ._._ ._.'_____� 1'Y.��.��__._�_. ._..-___'_...- _..._...__...__.'__._" -.� _�__�_ `_._-_...-__�_'__-__`.�_ <br /> ._. __ <br /> � <br /> �_�.1=1'�Y�r\I _._.sL::_=-.. .' ..i__.,._.�__..-___'._ t'w(��.� _...�.w�.�.: .. ., . .. . _..... . .. .. .1� . <br /> ..:fo'..._�s.,. •���ar.YM.. .......... :.Yt._:::: .. . -- ... ���y;.. <br /> �: <br /> ��• � _— <br /> �: <br /> „ r�:.. <br /> �� � ' ADUUSTA�L��A►�"� RIDEY2 <br /> „ (91�ds�y 7teasury Dii!Idatc) <br /> � 97-� 1015'�'S <br /> ' THIS ADJUSTABLE RATE R(DER is made _ <br /> � <br /> and is incorparated into and shall be dcemed to amend and supplcrneqc 41�e 1Viort�a�t o[4hesar,7e datc given by thc undersigned � <br /> (t�c"Bor�4}ver")tq,secUrc$�rrower's Note(the"Notd')to � <br /> , •r.� � (the"Lender")of the same date and covering the property described in the Mortgage and <br /> � located at: . <br /> •::M+rI�'� # • �I� .�! . ' � : �i .. �•- <br /> 4.,r...,,+�r , ' . <br /> : � (Property Address) `, <br /> �:, <br /> � ;� 'CHE NUrd'E CONTAINS PROVI6IONS ALLOWING FiOit CII3ANGFS IN THE INTEREST RATF. AND T!-IE �' <br /> f PAYMENTS.'�HE NOQ'E LIMI'Y'S THE MAXIMUM INTENFST RATE THG I30RROWER MUST PAY. �. <br /> • �__ <br /> ADDt170NA1L C�VENANTS: ln addition to thc covenants and agreements made in the Mortgag�Borrower and Lender C>: = <br /> • further covena�tt and agree as follo�vs: �_� <br /> .�.�. <br /> �, IN'I'�;R�:ti'1'(;HANGEti �=f� <br /> . Chan�e Dutes �y�=_ <br /> , The inoerest rate Borrowcr will pay may change on the first day of ' , . <br /> and on the�rst day of each quazter af'ter tiiat date until the mamrity date.Each date on which the rate could change is called — <br /> • � a"Change Dat�" <br /> . The Index <br /> The interat rate is based on an Index.The"Index"is the 91-day�leasury b1U rate(established(last auctlon average on a discount <br /> basis, rounded to the neamst .10070)). — <br /> � � The Index on the date of this Note is ' " %u. <br /> .. .'. CakulsUon of ChAnges <br />•_°� • `' On each Chan�e Dat��hg�,.ender will calcWate the new interest rate by adding ' `' <br /> ,�,-� ea...� <br /> ��-���•:^* percentage point(s)( % )to the Current Index; however,the lnterest rate will never be greater than ' °`' %. <br /> �•k,<, <br />,�'`�`-'•�.` The amount of the scheduled payment will not change.[ncreases in t he interest iate may cause the final payment to increase. <br />"�'':-�'�� Borrower may extend the payments for up to s3x months. <br /> - Y�,so�i <br /> :�,e;-��_m�t <br /> -.-�r�::?.� Notice of Ch�nges <br />"^'�'6=��� The Lender will send Borrower a not�ce once a year.The notice will include:trie current and pi�ior index values and interest <br /> =:k��—�� <br /> ---•�-="�� rates,the loan balance and the payment amount necessary ro pay the loan in fuU by its stated matur[ty date. <br /> --��;�s�,�.a� <br /> -• °r�;M�� BY SIGNING BELAW Borrower accepts and agrees to the terms and cove_ ts contain in this Adjustable Raee Rlder. <br /> _•_:���a �< <T <br /> -_-_—__�� <br /> --_ -- BOtiONH <br />.. ra-�, �:,iE_=� <br /> --<�n�, — <br /> ��Y..`_a�_�� <br /> '"."i^SN'.'!T:�i'- <br /> ��';�it� <br />_.:.w'N�.'+:T't. <br />..'M:.'..,- .. <br /> ' 3 � - <br /> � �r� <br /> �� <br /> ' � ��� <br /> � <br />'_� S _ <br /> . l <br /> •.�...i <br /> l�• <br /> . � <br /> ' \).. <br />�� NC 9Q0.18 Mi0 f5�8B•37tOJ)a7pp NfBRA$Nn <br />
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