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<br /> , � �., _�a��,�u��ub n,�a��+roa�s���n.�c.��N)md(c)w dweimine the�ut►ouM of the new
<br /> _ � .,• , adjwted rste,if a►y.Any such new�dJwted t�te will beoorne effoctive on the C'h�nQe Daite and theraAcr wlil be damed _
<br /> . w be�he Exitdr�I�terat Rate,The new Bsi�in�InteKSt iWo wlll rcnwin in effea wuil the next QanRe Due an whkh T�'"
<br /> �„ �`� .�p-=�= : _-
<br /> '., ' 1�IE �ItClCit RIO�t�I�NOd� '17.:.
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<br /> (� if the Indn�c 4 no loager avaiW►le,l.rnder wiU 6e roquirod to uso�ny i�dGC proscribed by tho Deparunau af Hausin� ��:2p_;:.=—
<br /> ; �nd Ueban Developnent. L�eader wlll nodf�r Borrow�er in w�idn�ot any wch sub�tltute iMca(�ivin�ail nooess+iry ��'�r`_,.,
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<br /> Wanrtion far Mottp�or w obtain wch indox)�nd aRer�he d�te oi such nadce tho wbstlwte L�deu wiU be deemed �M` _ •�.V.� R-..-. -
<br />.' �. �`r p be tb01nde1t borduldor. -__--
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<br /> • 4.(y It the F.xisdnQ Interat Rate c�q�es on aay C1unQe D�te�Lendcr will oa:+lculuo U►a monthly�Ilment payments of � ��r-
<br /> � pincipd rad iat�t to detetm(ae�he�mown which would bo necessary to repay in ti�ll.on the m�wdry date.tho unp�id 3. '�..,�r �' �� -
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<br /> �: � p i�,c i p R l h.l u K,e(w h(c h u a p�i a p r i�c i p�a e a d a o o e w j u b e a o e m e a�eo ane,►mouat due un such ct�n g e s Dace.a c w n i n� � ..
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<br /> � tbere Iw boeu no de6Wt ia�qy p*ymsat an d�o Nde Wt Biat aq prcpay�nents an the Niote luva beai wken into�ocouot). . ,L;; ��,�,_
<br /> Aa leas�25 da s befaro the d�te on which the new monldy ', �����.-----.
<br /> M t110 nCw Sttic�Ilroetrat It�MD.in aW�oiaadd9 P�Y�. y �5;,;�•�;;,�,`�'. .-
<br /> � pqmau�t dre aew lev�d i�doo. l.aider wIU�ive Han�wcr wriuee noti��e(••Adjnsdnent Notioe")of any chan�o in 7 ,.
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<br /> v die Bz�tiaa Lwen�st Ra�e�od dtbe oevlxd unount of the mo�rldy insWimeat pwy�us of principd md i�we�st�c�icul�ued �. �,;.� •. ---
<br /> � cc , . u providod abovo.F.�cb Adjumrrart Natioe wlll eet forth(!)�he dato tfiie AdjusdneM iVaNce is givea,(ii)tbe Cl�nBe .. �1. •, • � ,_.. �..a._
<br /> � Due.(ili)die iae�v�tiq6 tnkrest Rata As+�,ljusoed on the Changc Dale.tiv)the amount of tho adjusted monthly insrall• -:I.::`,�
<br /> � � �; matt p�ya�ts.cdadated s ptnvkbd amove.(v)fhe G1�rrent Index aad tbe dAte it was publW�ed.(vi)Ihe method of F., ; � �.
<br /> pikuydn�t6e adjuwna�to rLe manthly it�sWhnent p�yment�.aad(vli)any dher iafa�mation which mey be roquirtd �;
<br /> • � � , by law from tLne w Wae. � ;.';;,, •�:'._
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<br /> ' '' (b)Earower�eea to pay the adjustod mo�ly iasWlment amount beginniag on tho fl�st payrtkat drte which accurs at � � ,��-,*=_
<br /> k�et twauy-8ve(ZS)d�ya s�a l.tnder h�s given the Adjusonent Nodce w Borrower.Horrowa will continue w pay ; � .-y���;�
<br /> • die adjuued awnthly iasqllment amount�et fmth in the last Adjusnrk�t Notico�iven by Lender to Borrower unti�the � . ��`.,.
<br /> . ' first payma�t d�m which ocr�urs at leut twaity-five f�aa daya aftcr Lender I�s giva�a fbnikr AdJustment Notice to � � �t
<br /> �' " • � � Horrower.Notwilha�ndin�wnything to the cc�ary conteined in thls Adjusmble Rate Rlder or the Securiry L�swment. . � E�i
<br /> Bo�r�wr.�will t�e rrJieved af any obligataum ao pay,and l.eaider wlll have forfeited iu dght to wUoct.any Inere�e in � • �`_�:':�:1�h
<br /> . • the monthly insqUment�uaomn�(caused by tha�calcvladon of such amount under Subpa�aBraPh 4(a))for anY P�Y�n� �� � . �F � � ,�
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<br /> � �, due oecurrin�les�d�an twrm�+-'6ve(25)d�ys afler l.earler has given the opplicable A�ljzutment Natice ro Borrower. �' �
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<br /> (c)Nothwiihstaading anything camaina!is tdis Adjuswbk Rate Rider. in the event�Iwt(i)tAe Existing Intemst Rate was � �:
<br /> ' raluoal on a Clwnge Daa, and (ii)Lender;iyzikd to give the Adjustrnent NoUcx when roqufr�al.and(iff) Borrower. :
<br /> cc+asaquendy,hu made any munlhly insWllrnzm papmenu in excess of the amount which would have been set forth � �!
<br /> i�such AdJustrner�t Notice Q"Excass Payments"), then B�rrower, at Borrower'a sole option. may either(1)deawnd
<br /> Uie raurn from Lender(whu�!or the purposes of this saraence wiQ be deemad to 6e the lender.or lenders.who raeivid ;•
<br /> � cuch Exoess Payments.whether or not any auch 1-.,nder subsequenUy esaignad the Securiry Insduman)of all or any por- j ___
<br /> tion of st�ch Excsss Payments.with inmrest thereon at a rate oqual W the sum of U�e Margin and the Inde�e on the Change ',•�•, � ;
<br /> D�te when the Fxisdng Interat Rate wao so roduced,from the date each such Excas Payment was rtwde by Borrower , , '
<br /> � a rep�yment,or(2)request�hat all or any portlon of such Eacess Puyments,together wlth all int�erat drcreon calculated {`•��t''.�
<br /> ��� �provided obove. be applied as paymetqs againat principal. , , ;',.
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<br /> 3.Nothing oontained in�hie AdjusroMe Rate II�idcr wi�l oermit Lender to uccomplish on interest rate aQjustment Uuough an ', ,
<br /> inetease(or darease)to the unp�id principal balance.Changes w the Existing Intercst Rate rtwy ony be re3lecteiJ aQexrough . , , �
<br /> .';�� adjus�meat to HocQOwer'�monlhly instalLnent paynKnts o!prinsipai end interest.as pr�vided for herein. �;�.' �-.
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<br /> • BY SI(3NING�IE4rOW.Borrower aocepts An�agras to the tern�s end�bvenants wntained in this Adjustabk ltete Rider. •�
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<br /> �-. .G. ` .. � _ (S6AL) (SEAL)
<br /> � DOUGI. 5 RIGGS Borrower Borrower '
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<br /> � � 5ANDRA J RDG&S� �•F Borrower Bonower �iU �
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