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TI~ AaJLJS'tA~.E R~?'i'E RIDFA is e~d. cJ~it ..~.4.~.~.. dsr at ~ 9...K,~..
.od ~ i~oo~pae.aa i..o a.s ~aii e. d..a~d co .a~w~l a.d suppi~a~t c6e !?f«cp~ D..d at Trm~. ar D«a co s.cun
Drbt (t!r "'S~oaeuy L~~e~t~of tb~ s~ws dsts Owa bp tbe und~rs~pMd (the "8otto~er'7 co s~evre 8o~rr~wer's
Ad~¦eseis ltart No~s ~~..........Sjs
.....,..B..L~
~~.~.~1L2.~Ai`~..$L~l.~.c....01,6Ti.QN~!„~..AS.$.S?S.IA?TiIIAI_.........».........»..
...(cbe "L,~aae") ot cl~e same dsce tchir "Nae'7 aed oorennt c!u
pea~ety d~at~d ~ tbs S~cunty Im~n'~t aod locat~d ac '
5 2 Q§ N o r t h A 1 A, U n i~...~.~~.~,~.,,.~ c27~L' _.~.i.~l..~~.c._.F..G......33.4.4.4
[hoa!ey ~?m~..~l
Th~ Net~ cohfa~as phvisi~ts aUowin9 #or eh~nq~s in th~ iM~r~st rat~ ~v~r~? y~a~
sub~ef t~ titi Ilmih staf~d le th~ Nslr. If ths int~~s~ ret~ incr~es~s, th~
derrow~e's nae~fhlY pe~nh wil! b~ hi9hfr. 11 th~ inf~nst rat~ d~cr~as~s, th~
dor~wK's mo~thly poyn~r~fs wllt b~ low~r.
A~DiRONwt CovDv~NtS'In sddicion ~o the coveaaucs and a~cs made in the Secuncy Iiucrumrnc.
Borm.ver aAd L.rnder fucther covenant aad aarne as fo!loas:
A. nY'IEItFST RA?E AND MONTHLY PAYMFNT CHANGES
'Ibe Nae ptov~des for m?nitW interaa nte oE..,~.~.,.~D»..9o. Sectioa 4 of tde Noce provides for chan~ea in tbe incer~st
nu ind cbe monchly payma?ts. as follows:
~MEREST RATE AND MONTHLY PAY:~+IENT CHA,rGFS
t:v (:haa~c Daw
Tbe interest rue 1 will pay may ch~ange on the first day of M~ r c h...._ 19...$~i......, and on ~hac day
every 12ih month thernfter. Fach due on whicb my ~ncaYSt rue could change ~s called a"Change Dac~."
(B) 'I3e Indes
; Begmning wic~ the firtt Change Uue, my incerat rue will be based on an Icidex. The "Index" is the weeicly average
yi~ld on Unitad Scaces Trasury sc+wncies adjusted co a conscant muurity of l ywr, ~s msde available by the Fedenl
Reserve Board. The r~osc reca~t Iedeu A~urc svulsble as of the date 4S dars before each Qunge Date caUed che
"Currrnt lndex."
;
~ If tho Indrx is no longer availsble. the Nnte Hoider will choose a new indu wh~ch ~s based upon compsrabie
~ informac~on. The Noce Holder will give me oocice of this cho~cr. ,
~ (C~ Calcul4das ot C~anQes .
~ Seforc wch Change Dace, the Note Holdet will calculue my new incerac ratr by add:ng 2...`~O~'i. percentegr pc~ints
; Q....•%) co che Currenc indez The Noce Holdet will thrn round che raulc of chis addinon ro che nearac one~eignch
~
~ of one per~entage po~n~ (0.123~l0). Sub~ett co che lim~~s suted in Seccion 4(D)below, thu rounded amount w~ll be my new
inttrest rue uncil the neu Chaage Dua
~ The Nou Holda w?ill tt~ deter~n~ne the amount of che monchly paymme that would be sufficient co rep~y che
~ unpaid pnndpal bslaace of my losn I am ocpectad to owe on che Change Date in full on the rt~turicy date at my new
~ interest ratein substanpally equal paymena The rault of thu cakulat?on w~tt be she near amouuc of my mnnthlY psYment.
~ tD) LaNt a~ Iaterest Rste C~a~
~ The rau af interat I am reqwred to pay shal! ntva be inereased or decreased oo any singte Chsnge Dace by more
~ ctun ~id ane per+emnge point (1.090) Cl tw?o percer~tage poincs (2096)~C3eelr oalr ooe 6osJ from the race of interat I nave
F beea ~n for the n cwdve monehs. M~nterat race also stull neva be
P=Y 6 P~ E Y $teatet ~han ...~.~...5 d7'o.
~ (E7 ElYeed~e Date ot C3an~es
~ My nc+v in[erat race will bocomr effective on each Change Dau. I will pay the amount of my new monchly payment
begimm~g on the firn monthly paymmt dau after the C}unge Dace until the amount of my monthly payma~t changes
~ agaia
E
~ NOC~Ct Ot Chl!!~!S
~ The Noce Holder anli mail or deliver to me a nouc=oi any chu~ges ~n che amounc of my monthly payment before che
effxavr dau of any ehange. The nocrce witl includr infortnacion rcquircd by law io be givcn me aad also the utle and
~ tde~boae number af a persoa w?ho w~ill aeswror a~y question I mar have regarding the notict.•
~ C~~IRGFS; I.IElVS
r Uaitorm Cova~at 4of theSecsuity Instrammt isamc~ded m resd afollowrx
` ~se~ I.ie~ Bo~rv~s~all pay all tues. ~cs. a~d ocberc~rvga. ~aa aad imposiuoas ua~butsok to tfie
Pro~pea~7 w~mcb ~ u~ s pnocitr over tkis Secarit~r Itss~'nment, and le~sehoid p~~r+mena ar ~s+ouad rcats. if aay. in the
i maaac prv+rid+ed uader pata~ph 2 hereot ot. i! not gaici in sucb matsnet. by Bartower maluag pryman~ w}~ea due.
~Y m~ P~Y~'~ the~at Hort+a~v sball pnuaPdY fut9ish a La~da~ ail oacica cf amaunu dne under chts p~ragraph.
sad ia the e+~estt Bo~v.er shall eaaiue papateat airasiy~ Baeivwet strai! pr+osrtp~tt~ ftrenish to Ls~ re~aei,pss e+nde~c~s
~ P~~ s~~ P~P~' ~Srar anp liai ~r~ie~ has prior~ty orer this Saatuitq Instrt~~ pQVr~ded,
chst Borrv~s shiU ooc be rmquir~d to ~c,b lia~ so tcm~ ss Bors+aw~er: (s) shaU agoe in wrnung co che
Payme~t of ttie oMi~ssioa s~+cuted by sncb liea in a azanna acapcsbk to L,esdcr; (b) shsl! in =ood tastb cant~t wch lien ~
~r. ~ defe~nd a~a~test eaforcQamt of st~ei~ iir~ ia. lep! Prxeed~nis whjclt itt the op~nion of L.endet opetate to preveat the '
mto~asmt ot tbe lies ~ fosEdt~ue of tbe Prvpaty or m~? Par'c cber~of: or (c) shaU secas+e fraa the hol~der of sucb lirn an
s~a~tt m a taem ~o~? w L,eada sy~ liea to this Secnrity Irotrumast
' U Zmde detamiaas thst all ar aap PaR of t~e pr~p~ty is subjoet co a lia~ wt~ic~ may acum a pne*itp o~?es chis Secunty
Inswm~ms. L~der s~U smd Borev~ra naiee ideatifyinf su~h liea. Bon~o~rv ~all sausfj? such iirn o~ cake one er more of
ths ae~o~s sa fa~ abors wit~a tea dsps at tbe pv~n ~ of notic~
Init~al:
~1~~ ~A~ R10~r~~I~M A.= W A~,'~-i-a fo~ii~r-10/~3--~liAt4 ~I~iiw~ I~+Uwr ' l^_
: 457 Y~~~F ~f
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