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<br /> (I Yraf" itiwi)r>x lodes Ca
<br /> 'i i4IS tUSTABLE RATE RIDER is '7Ula_ 'ay. of . >rt~►Y.... ISi
<br /> " seal is
<br /> intorporamd inlic an.! shall bedeca" tciamet>4I ar 1 supOsment Ire Mertgase;'Deid pf Trust ar Senrit}r teed. (tf)e
<br /> "Security I:tstrtrrnem") of 0-7 same hate giver by tintiersigner (the: `Borrower") 16 d,tqV(rp Pgirtq"es Mitnigb16
<br /> state Note (the "Yo'c") ta..Hart"i,,
<br /> ; •he'", r.ndc-, o' :Shat sap date and cmering the•pmpeny dese iber,i in
<br /> the Security kratument and lwated at.
<br /> d,js and 68803
<br /> I Prttl a rty Addter
<br /> 714E 140TE CONTkNS P!(O t:ISIONS At.,LiriWING F, ,R CHANGES IN THE INTEREST RATE
<br /> AND -niE MONTHLY PAYIIifIEW'. '774F NOTE 1. IM i .S THE AMOUNT THE UORROWER'S
<br /> INTEREST RATE CAN CHAfiIGE Xr API`P fr'INE TIM:'. AND THE MAXIMUM RATE 71ME BOOR.
<br /> ROWER MUST PAY.
<br /> Atsr 1Tloti,tc CoVFNAtits. in addition to the covenants tend agreements made it;. the Security Insi.rument. Borrower
<br /> and Lender furthr.r covenant and agree zs follows:
<br /> A. wrERE,ST RATE AND MONTHI.Y PAYMEWi CHANGES
<br /> The'Noatc provides for an initial interest 'rate of ....8,5.......%. The Nelc: proti itics for changes in the interest ;;ate and the
<br /> rnonthly payments. as follows:
<br /> A. INTEREST RAPE. AND MONTHLY PAYMENT CDANtGES
<br /> (A) Change Dales
<br /> The interest rate I will pay may change on the fi a.t day of .6ug'.!V 19AZ..... wind on that day
<br /> vveri 12th month thereafter. Each date on which rr r interest r: ~c could • l4ange is called a "Change Date.-
<br /> '13) The index
<br /> "leginning with the first Change Dr:tc, my 'rttr.rest rate wii, 1 basal on an Index. The "Index" is !h;. weekly
<br /> average yield on Unit_d States Trca:sury sco:rtrititt: idiusted to a cv j_ nt maturity of 1 year, as matte available by the
<br /> Federal Reserve Board. The most recce; latex ftgure:tvailable as ,I ;ht: date 45 days before each Change Date is called
<br /> III(.- "Currcn't Secedes.""`
<br /> If the Index is no longer available, the Note lirylder will choose a new index which is based upon comparable
<br /> information. The Note Helder will give -vie, not cc o' this choice.
<br /> ( C) Calculation of Changes
<br /> Before each Change Date, the Nc,c Holder will calculate my new interest rate by adding TW.0...,1,nd...
<br /> ..half Ixreentage point! ....rfi) to the Current Index, The Note Holder will then round the
<br /> result of this addition to the nearest one eighth of ore: perccntagr point (0.1250. Subject to the limits stater in Section
<br /> 4(L)). below, this rounded amount will be my nrw inures, rats until the nc;,t Change Date.
<br /> The Note Holder will then detcrrninc the amaunl of .ht: monthly p;;yment that would be sufi'icicnt to repay the
<br /> unpaid principal that I ;irn cxt,mctcd to owe at tlic Change Date in full on the maturity date at my new interest rate in
<br /> substantially equal payments. The result of th's calculation will be the new amount of my monthly payment,
<br /> (D) limits on Interest Rate Changes
<br /> The interest rate I am required to pw at the first Change Date, will not be greater than 10..,K........... A or less that.
<br /> ...6...50 Thereafter, my interest rate will never be increased or decrease,: on any single Change Date by more
<br /> thar two percentage points (2.0%) from the rate of interest I have been paying, for the preceding twelve months. My
<br /> ititcrrst rate will never be greater than n~ A,,
<br /> (E) Effective Dole of Chsng"
<br /> My new interc I rate will become effonive on each Change Date. I will pay the arnount of my new monthly payment
<br /> beginning on the first monthly payment date after the Change Date until the amount of n. v monthly payment changes
<br /> again.
<br /> (r) Nolice of Chringes
<br /> The Note Holder will del;vrr or mail to me a notice of any,:hangcs in my interest rate and the amount of my monthly
<br /> paymcnt before the clfective date of any change. The noiicc will include information rcrluircd bylaw to be given me and
<br /> also the title and telephone mimbcr of a person wSo Will answer any question l tiny 'tavc regarding the notice.
<br /> B. TRANSFER OF TIIE: PROPER,rY OR A BENEFICIAL INTEREST IN BORROWER
<br /> Uniform Covenant 17 of the :;ccurity Imtri, t ent is amended to read as follows:
<br /> Trerisrer of the Property rvr ■ Renefiefal interest in Borrower, if all or arty part of thu Property or any interest in it is
<br /> fold or transferred (or jr a beneficial interest in Borrower is ..old or transferred and Borrower is not a natural perto.r, )
<br /> without Lender's prior tt rite-:r ronscnt. Lender may, stets option, require immediate payment in full of all sums secured
<br /> by this Security Instrurncttt I lowcvrr, this, option shall not be cicrciscd by Lender if exercise is prohihited by federal law
<br /> vs of the date of this Sccuritv Instrument. Lender also shall not exercise this option if; (a) K)rrower causes to be
<br /> submitted to lender information rr.yuircd oy Lendct io es,aluatc the intended transfcrea its if a new loan were being made
<br /> to the transferee: and (b) I_endrr reitson++bly teriermincs that Lcader's security will not be impaired by the loan
<br /> assumption and that the tick of a breach of anv covenant or agreement in this Security Instrument is acceptable to
<br /> Lender,
<br /> -rho Index figurc available ;t. 01• IF,c chic I°tc initial interest rate %%(Is delermincil for this Iran tt;ts
<br /> MULTISTATE AD,U~:.VASLE RAIE RIDER---ARM 5 2--'7r ;t•. I,wr iiy-Fannie Mae Freddie Mac Uniform Instrumant Form 31113 05
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