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ft ADJUSTABLE RATE RIDER 103' 6 t (1 Tat Treasury itttlsx —Rata Cape) THiS ADJUSTABLE RATE RIDER is trade this .19th.. day of ........J.11t lei .............................. 14 ? —. and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the "Security instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to .... Hor> naX... DA nk.. xttbxAttM....hl�txtQtis.),..A� R�.I;dt. , ! 11! ........... ............................... . • .......................•......•.....•....... ............................... (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: .........2A1.3..IdasL.. lath..Street. G7CAi11d..1�1�19�ttda...Z1��lC l4�.. t� � .................. I...... .. . IffoMny Address) ....... ............................... THE NOW CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE ""THLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE•110PROWER'S INTEREST !RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RArTE TW WR. ROWER MUST PAY. A09H'FWNAt. Cos•a!v,%%M In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYME1Ntf CHANGES The Note provides for an initial interest rate of .. ......%. The Note provides for changes In the interest rate and the monthly payments. as follows: A INTEREST RATE AND MONTHLY PAYMENT CHANCES (A) CbmW Dates The interest rate 1 will pay may change on the 6sst dap of ....... AuMRK ............... , .,; •, 19.90;?,* and on that day every 12th month thereafter. Each date on which my interest rate could change is calfad a "Change Date." (B) IU IWO% Beginning with the first Change Date. my interest rate will be based on an Index. The "index" is the weekly average yield on United States Treasury securities.adiusted to a constant maturity of I year. as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index. - ** _If !!`w :T� it as iw'isci iiriis`vic: anti i�tiiC TiolaeT- wili-CIWOSC 7 new irldf7l vYhlCh is based upon comparable - information. The Note Holder will give me notice of this choice. (C) Cakeiatlsa of Changes Before each Change Date. the Note Holder will calculate my new interest rate by adding ......Two, and one 0 .................. percentage points ( ....... ZA5.0— %) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0. 125%). Subject to the limits stated in Section a(D) below. this rounded amount will, be my new interest rate until the next Change Date. The Note. Holder will then detarinine the amount of the monthly payment that would be sufficient to repay the unpaid principal that 1 am exr+ected to owe at the Change Date in full on the maturity date at my new interest rate in i substantially equal payments. The result of this calculation will be the new amount of my monthly payment. 1 D1 Limits on interest Rate changes The interest rate 1 am required to pay at the first Change Date will not be greater thaft' - -lA..1.5..i;.......% or less than ......... 6.ZS....;.�.`i;. Thereafter. my interest rate witl never be irtereased er decreased on, anisingte Change Date by more than two per�mtage points (2.0%) (00m. the rate of interest I hAve been paying for th'e preceding twelve months* My interest rate 4,51 never be greater (E) Effective Date of Cratugt My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly Payment date after the Change Date until the amount of my monthly payment el'►aeiges again. 1 F) Notice of Chug" The Note Holder wilb'feYiver or maR tame a, anonice of any changes in rn interest rate and the amount of my monthly payment before the effectivedate of #mtjr• isangr;: The notice will. include information required by law to be given me and also the title and iele hone number Qf� a. p person ;+►ho will answer any question 1 may have regarding the notice. IL' TRANSFER OF THE PROPERTY OR A B "EFICIAL INTEREST, tN BORROWER Uniform Covenant 17 of the Security Instrument• is amended to read as follows: Trarferot the Property or a Beneficial Interest is Borrower. If all or any part of the Property or any interest in it is sold or tract kro'ed (or if a beneficial i' 'Cc st in Borrower is sold or transferred and " f3afirower is not a natural persona without Leta e'' s prior written consent: fender may. at its option. require immediate payment in full of all sums secured by this Security Instrument. However. this optiodisha?t not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. Uit Yfr also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as ifs new loan were being made to the transferee: and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to LLender. "'The index figure available as of the date (fie intt +al ustcrcu rate %%w. dctcrnnncd for this loan %%a% ..........�., R9.. wo• MtA1t5TaTE eD. UStl!{LE RAZE R:DER —ARM 5 1 —farm a M" Freda:* Mtt L•mtorm tnatr�manl Form 3 t t 1 3 85