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CITY AFFORDAS~E MORTQAQ~ PLAN
, 0 E XH I B I T"A" ADJUSTABLE RATE LOAN AIDER ~
Notic~: Th~ Mcurlty Instrument a~cuna a Not~ whlch cont~in~ provl~lons that; ~
(11 ~~tM
Inch
t~
~h~ P~iodk~lly b~d o~ ch~qw In ~n Md~x. TM ~on+ow~~'~ ~alNdul~d ~no~qHy p~~M
nNnt M 1~?q~~ Oh
t~ ~~Int~in~t dw ~ N~I.~nd~~ M~ids Mi tM iinea
of th~ Irot~. ;
ThN Rid~r N m~d~ a~w '~y o~ JUNE ~~0 84 , and a~noo+~orawd ~na. sra a~ a d~«~wa =
lo ~m~nd and supplNn~n1 th~ , . ONd ot Tnrt, a DMd b 8~:un O~W (th~ "S~curity I~sWm~M") of th~ .wrN d~N 91wn
by ths und~rsipMd (tb 8o~rowK ~
b
iecun Bortoww s NW~ 1~ ~ Savin~s and Loan AstociWo~. Rh~ l«~dw' ~ of th~
~arM tM p
i
~ o
p K ry d~ib~d in tls~ bwirunNnt and iocat~d at
5~.~~~
n
s~e00y~ogr t. Por t St. L~c ie~ R lnr i r ia 3~ Q~ 9 ,
YodNkatlom~. ln addition l0 dN Oov~nants and ~prNnNnb m~ M th~ S~CUritf? In~hwtwnt. Bottow~r and IN~dK lurth~r oow~Mn!
.na .p?.. as ta~ows: -
A. IMKMt R~t~ ChMqN .
TM Note has ~n "In41~1 int~tq~
" q~ 12 . 50 TM Not~ int~rNt rit~ may b~ inchwd ~~f1K Th~ d~N~
dy ot th~ month bspMnlnp an JANUARYT-- . t~ u~d wKY , Si X
on whkA tM Int~rost ~~t~ may chsnp~ at~ c~N~d tM "Int~rqt Rat~ Chan~ Oal~s.'
Chanp~a in d» inNrost ?at~ wi~ b~ baMd on dharq~s in a rtMasun ot th~ coa of morwy caNd tM •,M~x•~. Th~ Md~x wUl
b~ iUt~d Y a pKOe~1bQ~ fipurA. T1N ~nd~X at the bopinMnp of this to~n is th~ oM followinp tM box which I~ n~ksd:
;
Ths avsra~ disca~m aa on tw.n~y sac wNk Tn~ury BiNs as. anrtiounced by th~ U.S. Traasu~I? D~partn~nt IoMowinp its tale °
ot thsss s~curidss. :
D TM wsskly av~~ yisid on UnKed Stat~s Thssury S~cu~itiss ad~usted to a constant maturity of yws as pubtiah-
sd by ths Fedsrd Ressrw 9oard ~n Statistical R~Nats H•15 (S19) published weskly.
O
The L~n~r may subs~tuts ~ new msasuro ot ths cost ot rtwney as the index if at any tims the Ind~x beMp uqd ceasss to bs
publicly announc~d by ita soun:s. Ths sub~tftuted lndsx wiN be uisd to dsfsrmin~ ch~npN in tM Ml~r~et nl~ bpinnNp with
ttw hrst intsrost nts charp~ ~fter tM substitution. My subsNtutea Index will bs bsyond the control ot th~ L~ndK and will bs
nadiy availabls to ~nd VKiNabis by 8orrowsr.
To Nt Nch n~w InNnat nt~, th~ L~nd~r wftl Ntrt d~rmin~ ths "CurnM N~d~x" flpun. Th~ CurtsM k~d~x 11puA a th~ tlpuh
most rscsntly ~vatfabN 45 dayr bsiors Nch Int~rost Rets Chanpe D~ts. ~
The Lsndsr wiN ths Curnnt Ind~x tipun Eo ihs ns~rost on~ ephth of one perc~nt (.125~). Th~ L~nd~r wiN add ths
un
amount ot _ % b th~ Curr~nt Indsx ilpuro. T'hs result of this addllion w~l b~ ths n~w iM~rat nN.
; The interest rate sh 11 not increase more than four (4) percentage points above the initial
; 8• M°'''u'W P~y"»"~ G'~"~'r ~a~s'd k'~'n~ interest rate during the loan term.
The sscursd indsbtedns~s b p~yabN in monthly inslaNments. MoMhh? P~YmsMS wifl b~ appNsd tint 1o th~ in1MM1 dw and then
i to principal. Ths int~teet dus m~y bs ~teater than tM currertt amount of 8o?rowst's achsdulsd monthlyp~ynNnt. In that caee.
~ the inte~est due which. is ~reater than the Bortows?'s shedulsd monthly paymsnt will bs advinced on Borrowsrs account by
E lendsr end ~ddsd to ths oustandinp principsl b~larw~ under ths Nots. untsss othsrwiss psid by Borrowsr. Such capttalizsd in-
~ tsrost is part of the indsblsdns~a for which the Security Instrumsnt s~cures repayment.
E ~
i gorrowsPa monthly psymsnt tor tM first 36 months will be in the amount of U.S. i ?96 _ 91
~ pn Au g u s t 1 , t 9~L and ewry 36 montns tt~eah~r (th~ ..Monlhl~ PayrtwrN D~1s").
~ BorrowsPs monthly paYmsnt wiM veo b~ nset. M assrikq th~ monthiy paymsnt on thoN dates. tfw l~nd~r~i~ f~s ths
~ amount of ths monthN payn~nt on th~ buis of th~ folbwin~ tactora:
ib) ths auatandinp prlr.cl~a1 balance, and
ths thsn c~xnnt tntenst ~at~. and
(c) thd remaining term ot Ihe ban.
~ The Lender will set ths monthy paymsnt at an amount which would bs sufficient b pay ths ban in fua owr its romainap tem~
~ essuming ths then cunent intere~t rete doss not changs. In eddition, ths Lender may incrssse tM Borrowsr's monthl~p~xn?~nt~o
at anyGme ths bW ot the artauM of interest capAalizc,d as provided above ainoe tha bspinnin~ ot ths ban road~t i 1!!~~lSttL
C. Loa~ Char~p~s
~
~ It could be that the ban sscursd by the Secu~idl InWument is subject to a ~aw whfch ssts maximum loan charp~s and thet law
~ is MierRrsted so that ths interest or othsr losn char~s collscted or to bs collscted in connection with th~ b~n. would ~xwsd
pKmittsd limas. H thb b tM cas~. then: (A) an~? such lo~n ~hups shaN b~ reduced by the amount n~o~s~ar~? b nduc~ th~ chary~
~ to ths psrmitted limit: and (8) any sums alrsady collsctsd hom Borrower which excssdsd permitted limits wiN bs niunded to
Borrower. Lender may chooss to maks thb rotund by reducinp the principal owsd undsr ths Note, or by makinp a dinct paymsnt
~ ro Borrwwsr.
n
~
; D. Prl~ LNn~
~
~ It Lender dsMrminss that all or any part of th~ wms s~cured by this S~curMy Instrumsnt us subj~ct W a N~n whkh has prbrity
~ ovsr th+s,Securiry I~strumsnt. Lsndsr may Nnd Borrow~r a notk:e idsnt~irp that lien. Borrower shaM promplb ~Ct with repard
~ to that iisn a~ provid~d In pw~aph 4 of tM Securfhr Instrument. or sh promptly securs an apn~rt»M ti ~ brrn iatlshctory
to Lsndsr wbordlnatinp that li~n b thN S~curity InsVum~nt. ~
~ By tl~rtlnp tl~b Rkl~r. 8one~wr ~pn~s to Y o/ fh~ ~bow.
~
3~ p~~E 9g4
WRNESS: /
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D» . p~~prrl - Awe~ b IM a4iw S~CU~tt ~dM d1r noorArql Ca~'/ ~-~eh ~o eaon d M Mew~r YMrrnrer Itrd~A
` C•OPr AlIK11 M COOy d n~ S~wMt (~~h ~ovr ~~ucn a cocr d sw s~arvr w~v~*w (DMrnww ~MI
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