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-. � � �g,,,r 1 Q 5 S 8� . A[)JUSTABL� KATE RIDER � (1 Yru T�ewwy i�ex--R�te C�p�1 � TNIS ADIUSTABLE RA3E: i�lUE:R ::mads this ...�7.R}� day of.......,.pctobc�r.................... 19 89,,.� �,nd i� � mcoepa�ated into and shsll!ye d�eaud to a�stnrl and au�+plement the Mort�aae. Detd af�'tuxt or Sccurily pe.d (the "Secu�ity Instru��sent') af the�ame d�te Riven by 1he undersi�ned {the"Borrower") to atcure 8or�owei s,4djustabte Rate Nule (the MNo�e"! �o......�a�?�gt...�s�n�,.K�h�a�tka�....i�.ak�Rn��...�'�a�a,�#,3��t.�.a�......................................... ......... ................................... ............................... (ihe"Lender")oi the s�me da�c and c��•ori�a the prope�ty clescribed in �he Securily Insttumen� and (ocated at: . ...........��...Ws�.aF..�.�x1h..St.��a..C��►d...�9�.and�..�1�k.r.a�k�..6.@8Q1........................... . (Properly Aaara;) ....................................... TME NOTE CONTAINS PROVISIONS IALLOMtINa FOR CNANOES IN THE INTEREST RATB AN� THE MOHTHLY PMIYMENT. THE NOTE LIMITS THE AMOUNT THE 80RliOWEp'S INTEREST AATE CAN CHANGE AT ANY ONE TIME AND THE MAXiMUM RATE THE BOR• IiOMiER MUST RIiY. At)OITIt1tiA1.CO�'FIAVTS. In addition�u u�c covc�.ants and agrcements made in the Securily Inst�ument.8or�ower aad Lendet further ea�en�nt and agree as follawa: A. INTEREST RATE AND NONTNLY PAYM1IENT CHANGf.B The Note provides fur an initial intercst�aie of..��SQ..,.,,,9F�, Thc Note provides for changes in thc interest�ate and the monthly paymcets, aa tollows: a. INi'��t�ST RATE AND MONTHt Y PAYMEM'CHAN[:F.S !A 1 C6awRe I�tcs ' The intercst ratc I will pay may change on the first day of......NAV�tatter....................... 19...�Q..,and an that d�y every 12th month tAerwfter. Each date on which my intecest �ate could chanse is cylled a "Chanae Date." 181 '�r I�dex : Beainnina w,th the fini Change Date. my intc�e.st �ate wilt be based oe an Indea. The "lndea" is the weekly � ave��6t �ield on United States Tteasury securities adjusted to a constant maturity of 1 year.as made svaitable by Ihe � : ' : Federa�R�aerve Board. Thc mos��ccent Indez 6aure avaifabQe as of ihe date 4S days before each Change Date is called thc"Currcnt lnde!c."•' _ « lhe (Rd�t }t nn lnn�we �un:l��I=, !h� 7V�v V�=�`� �� `1i�� ntw tt1oC7I wf1ICf1 Ii �iSC� UpOA COIIIpi�alfl0 iaformati�n. The Note Holder will give me ctotice of this ckaice. �C 1 Cak�latbn of Ch�e�es Before eaeh Change Date, thc�•r�cs Notde� wiU calculate my new interest rate by addina .....:I:wA...a1�d..Vri�.... ' •••••••••��•••.............. �ereentage Fxiicrs (...�,.�!�.....�� to�he Current lndea. 7'he Note Holder will thea round the result of th�s addition�cr�F��r ncartct onc•eighth a�c�me pe�centagr point (0.I 25�+). Subject to the limits stated in Section �1 D1 below, this rounded amoum will be my aew interest rate until the ncxt Chanae Oate. The Note Nolder will ihen dreer.mine the amount of thr monthly payment that would bt su�fficient to repay the � unpaid principal Ihat I am ext+cctea'io owe at �he Change Date in full on tht matunty date at my new intereu �ale in substan�ially cqu�l payments Thc result of this calculation will be the new amount of my monthly payrr�ent. — �O� Limits on Interest Rate Chae�es — • The interest�a�e 1 am rcquireA t��ay at the first Chartge Oatc will�ot be grea�er than....10..5Q...........�or Iess thaa . � . .. . ...b.SQ.......'i. Thercafter,my+na.r,2test rate will never�c rncrcascd or decreascd on any single Change Date by more �han Iwo petcentaEe points (2.O�c D 6rern tht rate of interest 1 have been paying fo�Ihe pteceding twelve month�. Ny + in�crest rate will never be greater tha� .......1��..�e. ., T 1 E 1 EReeti�e Qate oi Chae�es � ° `` !Ny new interest rate will beca�ncc�fective ase each CAsn�e 0ate. 1 wiU pay the am:�a�rest of m�ae+�v manthig�ayment be�tinnm�mr,r.the first monthly payrsicnt date�faar, ihe Cha�ge Date untii tt�e amoun� eP my rttoe�tlt(:��paymenrri�anaes again. • � . . i F► �iotice ot ChanRes ' ' � ' Ftt�:t.�!��tc Huldcr wiU deliver ot mail to mc a nol�ce of arty:�hanges in my intcrest rsT.�and tht amount of m.?�irr�nthlv �+��?se!tt'.L+�►1`ert tlse efYecCtvt d3te oE s:ey changc. The natice;r.ti•1'�inciude informatipn'required by I�w to be�it�en�nie and also the titl'e and tetspho.ne number of a persan�wno will answcr any question I may have regar�4irrg the notr.ce. 8. TRANSFER OF'FHE PROPERTY OR A BE'dE61C1AL INTEREST IN BORROWER � � . Un�farm Covertant 1��f the Secucity Instrument is amended to read as foUows: TraRSfer of the Ptoperly or s B�cf�cial Inh�a!in Boiror►er. If all or any part of the Property or any intcrest sn�t is sold o: transferred lor�f a beneticts� �nterest �n Bortawer�s sold or transferred and Borrower is n�1t a naturel ptrson 1 ' – -- wnhout Lendet's pnor w tiucn consen�. Lender may,at its option,rcyuve immcdia�e payment�n fu{I of all sums secured . by�his Securny Instrurtscn� !�owevtr.�h�s opc�on shall nut bc eKCrc��ed by I.ender if exercise is proMb�ted by fcdcrol law as of ehe date of th�s Securny Inserumcnt. Lender also slzall not exercise this nption if: !a) Borrower causes to be • submitted ta Lend�r mformatinn rcyu�red by Lcndar to evaluate the intended transfe�te�s if a new loan were bting made � ' �o the transferee. and (b) Lcnder reasonnbly detetmines �h�t Lender's secunty w�tl not be impaired by the loan assumptiort and that �he t�ck at� breach of any covenant ar �greement in �his Securi�y Ins�rument is acceptaDle to � Lender. n ••1 he Inile+ tiy:urr:��,�rl.ihlr.i��,f the Ja1r Il�c inUi.�l�ntrre�t i.i�i ��.,.ilctern�inrel Inc tln. 1�►:�n �e.e� . �.n7 �,� , r' . � � W;IT��iAOE AD`11S4Al116 pAfE �t:C¢'p....Al�kl S 9... . �,, i �.....--Dirtn:�MH irsCS��(M�� Ur.fc�r�tn�trt,ment iorm 7111 3 PS -.._� , . • , . �r.•,.