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ADJUSTABLE RATE RIDER 89.1m; 104035
<br />t (1 Year Treasury Index —Rats Cap)
<br />THIS ADJUSTABLE RATE RIDER is mids this ., str..... day of .....„. „A►mausl:,,, IS .� ... and is
<br />lncoepwated into and shall be deemed to 11104041-8041 supplement the Mortgage, Deed of Trust or Security Deed (the
<br />"Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure �lrrovver's Adjwtabls
<br />Rate Note (the "Noce ") te......, axlr�t�1C,,. AAak,. �i*k 4Aka�....NAt;,i.amaLA4aQaUt;Jma
<br />............... ......... ..................,.......I.... (the "Lender ") of the same date and covering the property described in
<br />the Security Instrument and located at:
<br />�i196 Axig4�,a..�!vet}ue *.. ftAP - .X01>i 4a..�?41? ke..�t$$Q .....
<br />IPeo4ertr Mdrelsl
<br />NOTE CONTAMiS PWVUUONS ALLOWtMG FOR CNANM M TINT INTEIWtT RATE
<br />n* MON'flS. Y
<br />IMYMENT. THE 407E R.IbMTS TH>l: AM0IMIT THE ROIMbOMIEp•S
<br />i1NTMST PATE CAM CHANGE AT ANY ONETIME Ate TAE MAxIMUM RATE THE BOR•
<br />11011YE1I ITT PAIf
<br />ADttltl7if�"!t +� C4i errs. i7tAddition to the covenants and agreements made in the Security Instrument. Borrower ?i:; :;<; s
<br />and' Cotes ftCtlrthec ca►s�v Nl and agree as follows:
<br />`, iN t'ER ST It, ' AND MONTHLY IMATIMMMY CHANGES
<br />The Note provides few 4ninitial interest rate ot.;:; ;75.,,,5(,, The Noto vWas for changes is tike interest rate.atd the
<br />' tnonthlY *jv� zats; as follows:
<br />.,fly•. - . .. r.
<br />4 IlY1'1t:lCii;ST RA�f E. AND WNTRiN , Y,'M
<br />SENT CHANGES.
<br />JA) CbmW Dins +
<br />The interest arc f ',viii pax *Y..'o g frst dyo . ..� E O x8 :... and +io attiet day
<br />t every f2lp•Vrtonth tbereafter. Egcf�diate on which my tirt;et+ost'ratr'ci�t(d change called a "CFt��e '
<br />1 a) �ilre hdex ge is ca pad
<br />Beginning with the first Change Date. my interest rate will be based on an Index. The "40da" is the weekly
<br />average yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by the
<br />Federal Reserve Board. The most recent Index figure available as of the date 45 days before ach Change Date is called
<br />+ the "Current Index. ""
<br />r If the Index is no longer available. the Note Holder will choose a new index which is based u
<br />information. The Note Holder will give me notice of this choice. Ps comparable
<br />_IC) CakWatbw of ['I m--
<br />809ft each Change Date. the Note Holder will calculate my new•interest rate by adding
<br />Two and one
<br />2.50 ..... ...............................
<br />h . percentage points (,,,,,,,,,,,,,,,,,,96) to the Current Index. The N
<br />.... ............................... ore Holder will then'round the
<br />result of this addition to the nearest one - eighth of one percentage point (P.125%). Subject to the limits stated in Section
<br />4(D) below. this rouAded amount will be my nerer•interest rate until the next Change Date.
<br />The Note Holder will then determine the :"Gimz�. of 0e; monthly payment that would sufficient be sucient to repay the
<br />unpaid priaapa l that 1 am ext+ected to owe at the C6a .( ate in full on the maturity date at my oow interest rate in
<br />substantiall�egwzl p#ymcnts. The result of this cakuhtiah' will be the new amount of my monji ly payment.
<br />I D1 Liu b—br finest Rate Chaages
<br />interest file I am required to at the first Chan
<br />.75 e9 Pay gF fl�,te will rtat lie greater than ..... Q-.ZS...........�r or less than
<br />•• ,,The
<br />•••••••••- ••.••_•....`.6. Thereafter. my interest rate will never tiit`increased or decreased on any single Change Date by more
<br />' than two percentage points (1.0%) from the rate of interest 1 have beam- ying lot the preceding twelve months. My
<br />interest rate will never be greater than J-3.25 .......96.
<br />t E) Elfecti�e Date of Cliame s
<br />My new interest rate will become effective on each Change Data. 1 wilt pay the amount of my new monthly pd)-ment
<br />beginning on the first monthly payment date after, the Change Date until, the amount of my monthly payment changes
<br />again.
<br />f F) Notice of Chsteges y
<br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly
<br />payment before the effective date of any change. The notice will include information required by law to be given me and
<br />also the title and telephone number of a person, who will answer any question 1 may have regarding the notice.
<br />IL TRANSFER OF THE PROPERTY OR A KNEFICIAL INTEREST IN BORROWER
<br />Uaiform Covenant 17 of the Security Instrument is amended to read as follows:
<br />Teamster of the Preprty era Beneieial lnterest is eerrewer. If all or any part of the Property or any interest in it is
<br />SOW of transferred for if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
<br />without Leader's prior written consent. Lender may, at its option. require immediate payment in full of all sums secured
<br />by this Security Instrument. However, this option shall not be exercised by lender if exercise is prohibited by federal taw
<br />as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be
<br />submitted to Leader information required by Lender to evaluate the intended transferee as if a new loan were being made
<br />to tie transferee: and (b) Lender reasonably determines that Lender's security will not be impaired by the loan
<br />assnatptitta and that the risk of a breach of any Covenant or agreement in this Security Instrument is acceptable to
<br />Lender.
<br />"The Index figure acailahlQ as of the date the iniliai interest rata uas determined for this loan «ace $�.,... Qo.
<br />WATISTATE Atk'USTAkE RATE A*ER- -ARM 5-2-5;r �;e car , t. -.,F&w4o SAN Frefte Ma Urd .,rn tnstium drt
<br />Forts 3111 3 85
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