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HomeMy WebLinkAbout0986 ' ~1C)Jt~ti"i'AR[.f~". `1tA'I'l., R1!)t~:R ! ! 1'r~~ 'i~rrMSUry Inacx R~te ('ppt) ` Lc~an Nu. , ~ i.,1 ! ; .i r ('HI`~ •~t)11'~IAtil 1: itrllt~ Itll)t~lt ma~l~ th~e L7tf; ~1:~} ut ai~~i ~t ~ncorp"c~~ate~d r~it~.~ anE! ,t?.ill t•r dri•mrti tc~ amrnd and supplrmen~ thc !~1~>~t~;agr. t~«<i ~,r i~?„< ti«~„~y t~er~~ rrn~ .,~rcu~?tt in,uumrt~t"?ufti~r:.:~iirr~i.~t~~;,~rnb~~hri~n~ir~~ignrdilhe.`fiwiu~~c~"itusccurritarr~~~t•ri'~A<I~ustablckalc \ntc tthr "\utc..1 t~~ t uttunr tiuaingt 11~nk ttl~c rr~~irr") ut thr ~:~n:c d.?Ir a:i~i c`mc r~n}~ tht~ pt<,;~rs~~ dc~criR~rd in Ilie Srrurit~ it~ttrunu•nt :ti~~l lc~~atc~i at: . ~C.`r.~ 1~.. . ~`!~;61 . Vti • :(?Ct .:t , LFC: iit j _ , ii.. (i'rnx~rly AtldfeSS) 7NEN07E CCINTAINS pRb~IiSIONS AILOV'VINGi FOR ~~HANGES IN TNE INT~iiEST• °RATE A~D ~'HE MO~IYHt'V7"PAYM~NT:~aY~IE`NOT~LIMITS TNE AIriAO~~i5T-1`~1~ 80Fi- - RbWER'S INT6~EST-RATE CAN CHAN(iE AT ANY~ONE ?IME AND T~iE MAX~NiUM ~~tA7E ~`HE ~ORROWER MUST RAY. AUUZtu~ti~(. C'ovt?yr~r:~i. ln addition to ti~r ~u~~rnanis and agrecments inade in the Sccunty Instruinct~t,13orrouer and Lender furtieer covenant and agree as foilc?ws: . A.`' INTF:RFST (U'I'E: A~b MONT~11.1' P~11'MN:N'I`"t#IIAl~GFS ' "The~Notc pro~~des for an ini~ial interest race oi ~ ; "I?~e N~~tr providE~s f~r changrs ~n the intrrest rate and the manthtv pay~ments, a~ tailo~s: a. I~fI'F:R}:ST' {UTF: :~?~+1) ti1c)hT1iI:Y PAY?~1ENT' ('IiAiYGt:~ (A) Ct~~nge lhtes 7 h~ uiterest rat~ 1 will ~hiy n~ay chatige on the (irst day ai~ ~yt~ j~,_ .l `.J arid nn th~s day every 12th month therrafter. Ea~h date on wtiich my ineerest rat~ could change ~s cali~d a"C'liange Date." (ii)'rhr inde~ [3egtn«inr ~~~th the tir,t (~t:.in~c t>atc. m~ ic~~eresi ratc ~vii! be hased biran Inete~. "Ihe `"In~cx" i~ tiie acei;l~ areca~e ~irlil on l°~~ite~! ~t.~te~ ~I i;,t~ury ~eitiri!e~ti ad~utitrd tc> a r~~nctarit t~~ltut'it~° ~~f 1 pe2ir, as made available by [t~r f~ederat Ke:er~+: (3~>acJ 1?:r ritc~•*. rclcr,i In~i:•~ l~~urr;t~:tii.tt,ic .n i±l th~ ci.ltr aS da~s belore zaih C`hangc Daie is calte~i the ..C~~i- ; rc~~t' It?clcx._•. , ~ tt itre Itide~ i. r.~~ i~m~.e•? e.a~iahle. ttie tit~te Haldcr :~il1 ct~~x~;e ne~ in~ir~ ti~hith s, t~a~ed u~xm c~+m{~csral~lc ~~tforrn~- ~ t~on '(h~~ 1i.~1:7r: ~,i1! ?~r,e ~ne n~~t~~e ~~l t!>>, ::h+~i;~•. t(~1 ('ai~ulation of t'hang~•, Brit~tr c~e~tt C'h:?ri~c [):~?r, t::e tiu:r F~c~l ;er ct~l;:ul'ate ?n~ itr~+ ~?~tere;t rait h~ a;i~iittg ! 7:; i'e::rniabr p:~i[~?s ~ 7 c; ~~'o) t~~ t?~e Cu~rent lndc~ 'I ht-Note I loldcr ~~~I! t}~eii eound thc j rrsult i,! tt~t; a::ifit:ut; ?ii ttz~ r~~~.lrr;~ ar~r r.~'?~tt ot c~nc ~ricentag~ {x~~?kt {f) I'~``.~>>. Subiect t~~ t?ic lim~tti ssatecf in ~ec- ~ . t~c+n a{t)) brlu«, ttt;, ti~ut;,:rc3 tt~~i~~€:;i~ ~~0?1 he n~~~ itic~.ti- ~r~t~.rert ::tte uttti3'ttie u~~i C~hange Ot:tt. 'i he \utc Nf}i;irr ~ti;19 ; e~r ,3ct~ ~ii•?r '~c a:~.~~~:su ~ t (llf' S1i4)III~II\ ~1J~[13CI)i tha~ «c~r~:d !~r ~:~lfi~ient tc~ re~>ay the ~ ~:npti:i~ {~rir:s~,al that 6.:~r: ~~~•c:t:c`. r~.:c c3t tlic c~ttai~,e Uac< in 1~i}1 ~~n thc :~Zatur:ty datr ,it t121 ITC~4 ~ntc:rc~t rtttc i t!} tiU~'~[~itl:l.ii~'. Cij:l.t~ ~~;l~ftlt':SE4. ~ ~l: f_"!tf t~! S{:i? :~i~~t;~;iiit~ll 1\~,~ t)C IfiC I1~11 :itRC)E1:IS'c:: Sl'li tlii~tlt~l~) ~)SYt)l~llt. ~ (1)) Limi{ti un (ntere~t }2a1e ( hanxt~, ~ I?}:• i~:!~•t~~,t s:!'c~ !:~n: .,~;::.;x3 t„ ;>:s~ a; th: ?i:,t L ttt?:~i;t~ l).~tc ~~i~1 t~<+t i~i ~ri::tc~t th.3n 1;. _°-c ~~t lc:~s thiut i r'0 ~}tCrt'.li;C1, it14 d.};i~fi~! i:s(i' ~~til i1C<cF Ill' ll)~ti'~S~t'lI tlf ll.~iC.fStt} 1)Il :1ti~ ~lll~~l'j~. }l'1~1~t ~)~lt It10F~ ~ l}11T: I~SC t'C.'Ct! .:,t:,C ~'~`:iS;`• 1ia~f3i i~:i' [:t[C i?i :i1:C(fiI ~ tl.t~C (~tl'll r~1\illl fllf ?}:`l' (?1Cit~~lilk INC'~~C iT1"t)T~1Ift]. f i(iT!'fC~~ i:l;l' ~~.\It! 1iC~C` lyt' i'..`~~.5(i'( !ii.::k 1 :1;~. ~ . ~ ~ . ~ ~F:i F'fiecli.c i)alE uf ('h3nKrs ~~j li~t~ :tiiC'•:~i-tdf"',::E1 C':"i~~~lli .f!'CI1<<c);i::lif; (~1~sltkC f)d(C ~ 14'1~~ jti:i} IItC:t:ltttlUil e)t ilit'li~:~ it?i)fl:;l~}' ~ 3~tIlCfll ~ fk'2,iiitiifl~' ~~:1 i 1' ftf r•', f~lit ~?:f`~tilCil? .~:tSc' .::iti t!IC ~~I:ltti':'. I):i!f' Ullill {ItC :il::i)Il1)i 311j' :11if1:EliiS•~~~1~t11Cili CI1fillb'C~ il~a"ll:i. ~ iF') \utice ~ri ( hankc ~ 'I!~c• ti;,~r~Hi.~(;.1rr N~l? .ltin~rr c~r ~r.;ail ::ir~~ is ri}:~ic ~~t any ctr:tr~grs in n~}• interest ra~e anci thr anie;un! o! tnp monthly ~ { t~aytnrnt ,~ef`<;s~~ effe.t:,,c ~l:tr,}! an. ~taankr "(t?r nt~:~~:e ~~il! inciude intormat:~~n rey~.~irrd b~ i;~u tu tx given me lt1L~ ii~)U S~it' l:ilt' ~+.li:~ IL'li~ tli)f1C ll!:t3:t'~w t~i (1Cf~Op "ti~'~S(1 `A1~~ iifl~l~'C[ :1I1~ i~UtSIiO[1 ~ Iltt1~ tli1~'l' ft}i1lt"~(fl~ f~IC !10(Il'F. TR.~iti}F~It t)t Tlii•: NRl){'h:RTy' ()I2 :1~13E~:!vF.F1C'IA1."1\'1'F:ftE:S'i' lti F3()12it()1ti"F.lt l_!nifi~rs~~ ('c~~rti:+i~t 1T ut itE~ St•~.u:r} (r~<trurticcst i, an~ei~~e~i tci ~raci :c> i~~llc~;ss: Trancfer c~i Ihr {'rupe~~~ or a Bcne(icial lnlerest in B~~rrower. If ai! ur an~ p,?~~ of rttc f~;o~ert~ or an} tnterc~t ~ ~ 111 :I S'~ 1il~t~ t3f i':ft:~t!'~'C:i It:i i; 3'CS1L"~lil:ll i(i~l'(CtiI 1:1 ~3tllTpli'C( IS ti0I(J Oi lfiill~~CffCC{ aii~1 lit~rrt~~+criti n<~t a nattirai ~ ! ~aer~~.m) ;?~tt+s~!~t i:r:~lr:'. :,,;~trTi ~o[~:crc, l cn.ie~ m:iy, at itti opsian, rcquue FITl111CtjtAlt ~~a~~,iZertt ~r~ full c?f al) ~,~s~is ,r~i:~e~: t~: ~t~i°. tic•~~!~rtti lri;sr;,r;:z•~~~. }{<».~trr. cti~4 ~~t,,rn ~hall n~~t he exrr~~ised i~~~ t err.i~r ~r c.~~r~„~ ?s rron+t,~;~,j h} Irdrr.+1 1,s~.~ .i~ ,~f tii~ :fa,=. rf~i~. ~r~urit} in~tritirirni. 1 r,i~fer ~JSi) SI!atl nat ~~rtci~e thtii :~pCU3n tl: (a) Horro~+ir +:au~_~~ t~~ i~e ..,~4,,;::Ttc~.i ! cr::!•_~ ~s~~.~rr;;ls~c>n !rn,Gi~red hy I.~iiJer to ec:~h~ate the intencicJ translrree :i5 If a nru loa~i , ~.~:•rr I~ci;s~ ,.::s~.l~~ che tr.~n~,±~~... ::r:,': 1 cr.~,'t~t rcasonal,ly .letermine~ tt~at 1_rnde;'s srcc~rit} Nill not he irnp~ircd t1}' Ti3C ~;s.~i! d~• t:?~"lt~'s :t".:~'}`d' '~iC +i}~. r); .}1f::1:`II i`! ~tll~ ~(1LCllilfil O! .l~,ftl'illl'I11 irt thi5 Secuntti Initr.~n~eiit a,ce;~table ~ . . t,, i.en:lcr tu tl~r etit,~t~~ ;~ec:°<iatr~l k~ti .t;~;~',:.x=~~e i.~~.~, i.crrdrr rnay ~hargr a se~~son;?hle frc a~ t•nnd~tic~n ta Lender's amsent tc~ tt~e i~iarr .~•,~.:E~;~~t..~;~ i t~sulc: f::.~~ :~~,uisf tl~r tran~ftrre tc~ stgn ar~ assum~t~on agrcernent that is a~ccpcahle tv ~ Cllij~( :ttld :;1;f2 ,~'li!•_:1',tS t1;t' (l:;ii~f~tCC t~f I+Ct'(' ,iii {~lt {~rimuses aE~d zgrecmCnls mae:c in the ~ote and in this Secun~y in~tn;rnei7t #i;~rr~~~~rs .~:i' :~.~3;,;:,;~r ~cF hc c,'t~::~.:.:s:~~! i~r.J~r thc tic,tc ar.d th,ti Srrurit~ Inttrt~men! unlets I.encler relea.es ti~~rr~±«cr iri °..r~~~t~k. ~ - ~ ~t ~A'ti~~:'i t;L'I1+1('~e :ifC ~`i3-E+:!:; "?;C llliil}C:~E;ifi„' ~,1~7t1(ll! ITl ~ilt~.~ l.cnelcr shal3 ~i~c fio~n.~wcr n~,eicr ~~f dllC~Cf:1- fi<~fi ~ h~ l1:~:,": '.}1::1~ j7tt!~t::t' :t ~"C1'(?;~ 5_rf ;it!? tl~~ !ii~!!3 ~(1 t~:ty'S f«~[17 t}it ,:11C 1~)C f1l)liiC fi :~l'{ftt'tC(~ ~lf T1F,ilIL':I N'1(Iiill ~:~~ht~i~ f3:~rro~•rr r:,^-~:s pati a!i ~~;~.iu .e.~<<•~. hc !t:~> ~eciir~ty I»strumcr~t. If~~l3otro~ct !ails to ~a~ ttiese sums pr»r to (11C t\~ i.'3i~t1R t~i ?'k!S (?('~lU.j. ~!',lt~!"i ti~~iS' ~;;t;)j:t' ,:1l~ iC(IlCt~1Ci ~1~:;;71!i~i~ t~'.' i~l{S SCCi1C1~V If15lClIt11Cf11 N'1~I1t1lil fU([Il~( fitt{i~C titF i~Ci?lai:ij ~?ii EfUil~t',4~'f e~~~ ` 5~3 ~,~r1; ~~5 MULTISTAiE ADJU5TA9LE qATE piOER - Af~NI E, ~y~r~ Ea~r.~ty - Fannie Mas Uniform tnsttumenl Form ~111 1/e5 Page t ot 2 ~9i~er ~1aa~a+a ~ . _ . - .~A,,, *S ~ ~ . . 'Sr """'"'y~~! ~ - F . _ 1 " -~t"..5. .,~~au rc^ ~ _2+s~3 'sm~ it__ .-?:-..-t.