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Home My WebLink About0939 . ~ , , . I~,.~ . . • .'t~~ ~ 'Ib~ nnt Indu~ 6~ure for thls Not~ u 8.620. 9r, rouaded up w cb~ naarert ~9r,. ~t is cslld th~ "Oci~iosl Iade~". "G7~sn=~ D~?te i~ tha dste We nu oE intarat on this note wNl bs c6sa~ed in uco~na wit6 4(B) beiow. The term "Clureat Iadex" is the lut available index fl~un mad~ svailabla by the Feden! Reserve Boud Ia+a~distely priot w tht Cban~s Dste. . i8) S~ tt~ N~N Intere~t I4u Iatec~at Rue (~aases on Chso~ Oate and "IhereaRec To ~et my nea jaterert nte on the C6an~e Date aad oa each CU~n~e Date therafter. the Note Holder aill 8rst ~ datermit~e the GLrnnt Inde~c usio~ the Iadex dpcribed in Sectlon 4(A) above. The Nae Holder will thea round the Clurent Inde~c Asure to che nau hl;hat onati~hth of one perc~at (.12596). The Nae Holder will then add , ..T.~!~...~!.15~...r.~.YR..~~.gh~l.l~ perceat (..2.625.9(,) to We GZureat Index S~ure. u rounded. 'Ihe re~ult ot thi~ sddition ~rill ba my new iaterest nte. (C) Bffaxive Date ot C6~nges ~ The ~t ChaaQa Date w~l be the &st dsy of . AP= i.l.. , 19 .$4 aad on thst dsy of thtt month a¢h yeat I thereafter. 'Ihe Note Holder w71 mail o~ deliver to me a notice of any c6anges in the intere~t rate and (if apptkxble) ' in *.he aaaunt of my monthly payment before the effeetivo date of any chauge. 'Ibe aotice will includa the titlq ~ telephone Qumbet sad addrees of s penon who avill ansaer any question i may have regudins the notice. (D) No~tic:e oi Cbaages The Nae Holder will mall or d~eliver to me a nocice of any chaages in the incereu ate and (if applicable) ia tbe amonnt of my monthlq gaymeat before the effective date of aay change. The notice wiU include informstion required by law to be ~ivaa me and also the tide. telephone nwnber. and address of a person who will snawer any question I m~y 6sve te~udin~ the notica" ' B. CHARC3P.S~ LIBNS ~ Uniform Covensnt 4 of tha Security Instnnmeat is imended to read u follows: "4. Charae~ Liens. Borrowu shall pay all taxes. aueumeats. and other charges. Snea aad impositioas attributable ~ to the Property which msy attaia s priority ov~r this Security Instnunent. and tasebotd paymeats or gronnd rtats, if any. in the manaer proirided und~er Pua~raph 2 hereof or. if not paid in such manner. by Borcower mskinQ paymeat, wteen due. dlnctlq to tha paya thereof. Borrower stiaU pcomptly fwnish to lender all notica of amounts d~ under . ~ P~~Pb. aad in the eveat Borrower stiall malce payment djrectly. Barrower shall pro~nptly furnish to Leadar reeeipts evidencing such payanents. Borrower shall prompdy dischacge any lien w?~ich has priority over thi~ Security Jnawme+nr Pravided. that Borrower shall. not be raquited to discharge u?y such ~ liea so long as Borrower: sball agcee in writiag to tt~e pa?yment of the obligition secured by such lie~ ia legal procadings which in the opinion of Lenda operate to prevent t6e enforcement of t6a lien or forfeiture of the Property or any p~rt t6enof or (b) shall ~ecure from the holda of s~ch liea aa a~reem~nt in a form sati~factory to Lendar subordiaating such liea W thls SatuitY Inuclmnent• If I.ender determines thst all or any put of the Propecty is subject to a lien vv6~h may attain a priority ova this Security Instrunieat, Leader shall sead Bomower notice identifyiag such lien. Borrower shall satisfy snch lien or take one or mora of tbe actions set forth above within tea days of the giving of notica" ~ G NO?ICS ~ Unifonn Covenant 14 of the Socurity Instnimeat is amended to rad as fottows: "14. Notice. Except for any notict required under applicable hw to be given in another manner, (a) any notice to ~ Hotrower provided for ia this Saurity Instrument st~aU be given by delivering it or by mailing it by fint class mail addresxd to Borrower at the Property ~Address or at snch other addresx as Borrovrer may designate by notice ta L.ender as provided h~rein. and (bj any notice to Lender shzil be given by f.rst elass mail to I.eader's address stated herein or to such other sddrea~ as Lender may daignate by aocice to Borrower as provided herein. Any notice pmvid~d for w t6is Security Iaiwtaeat s6all be dcemed to hs~ve beea given to Bonower or Lender when givea in the manner design~ted herein ~ D. UNIFORM MORTGAGE: GOVERMNG LAW; SEVERABILTTY Uniform Coveaant 1S is amended to rad as follows: ~ "IS. Uniform Mortgage; Governing Law; Seve:s?bility. 'ILis fotm of Security Iestrumeat combina uniform covenanu for mtionai we and non-uniform covenants arith limited variatioeu by jurisdictio~ to coa~titute a uniform secnricy inswmeat c~oveting real property. 'Iliis Security Instnunent shal!' be govemed by federal law and t6e !aa of the ! jurisdiction in which the Ptoperty is located. Ia the event t6at any provision or clause ~f this Security Instrument or the Note conaicts arith' applicable law. such conflict shall not affect other provisions of this Secarity Instrumeat or the Nae which can be givea effxt without t~e coaflicteng ptovision. and to this end the provisioos of this Security Inatrimxat aad the Naa ara dec~ co be sevesable" B. NO F[TTURB ADVANCES Non•Uniform Covenant 21 of the Security Instrument ("Future Advaeces") is delaod. F. LOAN CHARC3ES If the loan tecured by the Security Instiument is subject to law which sets maximum loan charges. and t6at law is 6nally interpreted ~o that the interest or other loan charges collected or to be cotlected in connection with the laan exceed penaitted limitx thcn: (1) any such loan charge shait be reduced by the amount necessary to reduce the c6arge to the permitttd limits; and (2) any sums atreadq collected from Borrower whic6 exce~ded permitted limits will be nfonded to Borrower. Leader n~y choose to_ make this nfuad by reducing the principal owed under the Not~ or by making a direct psymeat to Borrower. If a refund reduces principat. the reduction will be treated as a partial prepaymeat undec the Noue. Ci. LEGISLATTON If, sftet the date heieof. enactment or expiratioa of applicable laws havo the eHect either of rendering the provisions of the Note. the Sccurity Iastcument or this Adjustable Rate Rider (ocher t6an this paragraph G) wnenforceable accord- ing to their ternu. or all or any part of t6e svms secured hereby uncollectable. as otherwix provided in the Security In~trument and this Adjustable Rate Rider, or of diminishing the value of LendePs security. then L.ender. at Lender's ~ option, may ~ declare all sums secured by the Security Iastrument to be im~nediateiy due and payabte. In such event, ~ Borrower s6ail not 6ave the rigbt to ninstate. 1N WT'TNFSS WHEREOF, Borrowa has eXecuted this Adjustable Rate Ridet. . ....6~,. . . . . . . . ..Borrower Ro r B. Folsom " - . 1,~,~ ~~Lb....,,..~!•-•~ _ ~ Cd ~~/11 • OITI . ~ . $plT~piYCt nR .......................................................................(5~..~s~ ~r) BOOK 395 PA~~ 938 u~c~. ~ia~ ,