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r . a . LN r ADJUSTABLE RATE RIDER <>- (1 twTresewy hdox —Ram Cap) �9�- 104353 THIS ADJUSTABLE RATE RIDER is lade this lfth.. Au uet gg day of V............& ........................::...., 14 .......... and is itsoorponted into as+d shag be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the "Stxttrity Itsstrutae11101 of [hs same data divert by tics undersigned (the '8orrower ") to secure Rate Nate (the " Note'), onrowers Adj�staWe . ............. (she "Lender`) of the same date and covering the property dascribed in the Security instrument and located at: .......... 7.04.. Kest.1 0- Strenct.. ... � n ...� . a�, I� l��! k?� 6880I... ............................... (ftrmtr A+dritial THE NOTE CONTANtS PFDVIlIIONS ALLOWM RN CHANGES IM THE OITEWiT HATE AND THE MONTHLY PAYMBIT. THE NM LIMBS THE AMOUNT THE 90 MOM MS INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR- ROWER MUST Me. ADDQIONAL CG%T%* %1& in addition to the covenants and agrcemnntsi made in the Security trtstrurnent. Borowtr and Leader Wther covenm and agree as follows: A. INTEREST RATE AND MONTHLY PAYMIEC CHANGiBS Tbc Note provides for an initial interest rate of .....If:;:7.....96. The Note proi►foo fur rhan rttatthly payments. as follows a in the interest rate and the d• INTEREST RATE AND M0..WHLY PAYMENT CHANGES (A) Cb=V Doi" The interest att 1 wifC pay may Change on the first day of ........::....:3eR eF4be .:........ l9.�Q.... and on that day every 12th month thereafter. Each d0r, on which my interest rate could change is caRed a `Change Date." 1S) The Index Beginning with the first Change Orate, my intms st rate will be based on an Index. The "index" is the weekly a;�- ge yield on United States Treasury securiticx. x`diuisted to a constant maturity of 1 year. as made available by the freieral Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is tailed the "Current Index. "" If the Index is no to w.. available. the Note Holder will choose a new index wki.4 s is based upon comparable information. The Note E•fcrkler will give me notice of this choice. 10 Cakdodw of Qw0s Before each Change Date. the N(Fl -Holder will calculate my. new inte=rest rate by'adding ....:tW...�a..q??ta .........half .................. percentage psxisw(.2.S0......%) to the Current Index, The Note Holder wfli'then et the re& 4!t of this addition to t1w.acxrest onreighth of once. percentage point I0.1Zi%lj. Subject to the timirx st aced in Seeiion 40t below. this rounkd! xmcunt will be my ntwv tsirrest rate until the n"t'Change Date. The Note Holder wii'i Oen determine the amount of the monthly payment that. World be sufficient to repay the unpaid principal that 1 am expected to owe at the Change Date in full on the maonrit)i ;iiiz'te at my new interest rate in substantially equal payments. The result of this calculation will be the nevi'Mmou;u {:f•my monthly payment. 1 D) LiWb eft 115"M F (Rate Changes The interest rate I aft' , uired to g B raq pay at the Mist`t`iitan a Datc will not bt teeter •l:irt ,..� Qr .. .............fir or less than •••..•.••b..x5........'7,. thereafter. my interest rateirilfittver be in�erseased or decreased an aray, single Change Date by more than two PaCcRt:age points (2.0%) from the rate of interest i have been paying for the preceding twelve months. My fa aril rate will never be greater than ....11.4 .... $. 1 E I EReetW Dote of Changes My new interest rate will become effective on each Change Date. I will pay.t'he amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. 1 Fl Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required bylaw to be given me and also the title and telephone number of a person who will answer any question 1 may have regarding the notice. R TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniforms Cowcant 17 nf the Security Instrument is amended to read as follows: Trattafetr of the Prererty a a Beae6cial Interest iio Borrower. If all or any part of the Property or any interest in it is sold or transferred for if a beneficial interest in Borrower is sold or transferred and Borrower is not :t natural person) without Lender's prior written consent. Lender may, at its option. require immediate payment in full of all sums secured by this Security instrument. Ifowever. this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. lender also shall not exercise this option if. (a) Borrower causes to be submitted to Leader information required by Lender toevaluate the intended transferee as if a new loan were being made to rite transteree: and (b) Lender reasonably determines that Lender's security will not be impaired by the loan asmolit"s and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. "The Index figure available as of tlk date the initial inrerc,t rate vca% olelcrinincd for this Iran %►av ....9..52......... *o. MATIlTATE AD.lUSTAIbE IUtE OUR-400 �,% ;r— fence♦ Mae ptWw Uk Un;%rM cnitsumanI form 31193 85 rZ¢ht�,3e ►u�i y r• 1 ' 46