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<br /> � � � <. 'IWS AD�ilJSf�1BLE RA'R RiDER is m�de t�is � . . E>2stlt . . . � � , -' daq at `. :
<br /> - — -�:.- _._ �,Tnae =_i49� °� _� �d����u�a�ld shatt baeecmed w Amend�tts�ppie�a�c.°,
<br /> . ihe � Deed of 7htst, or Secnrity Dee� ['�ty t� ot tht�ame �e ��►���" `_
<br /> � �„Bomq�r�es seame Botta�wet�l+boe t"Nott'�to • � . , � . �
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<br /> - . � � E70I�1808 TEDERaL S�VI�l�B 8�1� ` , ;. . _
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<br /> -- . � � , �. '�EIF' N�yC6 CUNTAINS�PRVViS10NS ALLUN�lNC FUR CH�TG�S [N, T�if
<br /> � INI'�Rl�ST'RA'f'G •ANU 'i'H�.MUKi7lLY PAYMEN7: TH� N(Irl'1� LIM17:S '�'H4 .. .
<br />-_- ' , AMQU(Yr THE H�ItROVfER'S�1TBRF.41'RATE�AN CdANGE AT ANY ON1E TIME � . .
<br />" /�IQTHE MARIMUM 1tATETpB BOAI[OWER MUST PAY. ' , -
<br /> � �- ' -- - -, — _ . - - - - . - � - - , -
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<br />=�. � coveimn�s m�d a made in � Secadty Insona�nt.
<br /> - . ADDITIONAL �OVENANTS. In addlt�on W 1he ��
<br /> - �. , 8ormwer and lxnder lurtl�er wvauuu aad ag�ee sa foliowx .
<br /> , �,� Q1TER�ST RATE AND MON'iH1�Y P14YM8NT CHAN(JES � � . -
<br /> (A) C�an�e Date � �
<br /> `;`�`"� TTlie in�ercat rue may ch�nge on the first dryot�atobes 1. 1994 .���y of ach succoeding year. _—
<br />_ �� "C.7noge D�te"mmns ach d�ue on wdich the intaest tete coWd cl�ange. . �-____
<br /> ' , B) Tl�el� . `�_=_-
<br /> - Btgimin8 arith th��rst Change Date.the inte�st rate wi11 be b�sed or�an Itldex. "Indac"nteans the wakly aven�e r.�__�
<br /> _ yield on United States 7Feasury Securiues adJustod to a cautant mawr�ry of ane year.as made availabb 6y the Fedeal ��,?is�-
<br />."' �.�,, R�eserve Boa�d. "Cunent lndeu"means the most teceM Index figurc avnttabte 3U days before thc Ciran�e Data II ihe tndeu �='=°--,>-
<br /> f=�-.J_�� (�s��d a6ove)is no longer ava�'Inbte,Lender will use ac a aew index any index prescdbtd by the Scer+elary. �/ts uaed in ,°:'+y_
<br /> --_•: this Rider."Secretary"meaes the Saretary of Hou.ving and Ur6an Oevelopntent or his or her designrs. Letider wil{give" __
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<br /> Bormw�er swtice otthe new IMe�c. �::�_�..:
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<br /> �'�=-'W`. t(.7 GkWatlon af lntenst Rate Cla�es - ., `,�-
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<br /> , ;�: $efor�eesch Change Dau.l.ender will calculate a neRi inter�est iate by sddirtg a margin of . : `:',°`
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<br /> ��J� ,'�` T�to • , - P��8� , ,:_�. -__
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<br /> `'"•;;•'=-� ,.: . ` poiMs t 2.0000 °�n) a U�c c!urent lndex aM rounding 1hc sum to the neanest ox-cighth uf onc pen�ennge point f •_
<br /> _ *`. % (012596). Sub�ect to the timius stated in Paragrnph(D)ot this Rider,this rauntkd umi�unt wi11 bc Ihe new interCSt rate until
<br /> ..�.'.;�. . . . the ne�cl Change Date. , �'., ,-`;••
<br /> . -.t.:�:. ,_ ' .
<br /> ��,��,+�;�.�,:� (D) LM�ifs a�Lkrasl Rate Ciwnses . . � -
<br /> -- � - 'I1ie in�er�est rate ariil never increase or docrease by morc ihan one percentage.poim t�-Q`�)on any singte Chmge D�te. ! '.
<br /> ', 4���!�-,.:, The inurest rau witl never be mQre than five perantage poinu(S.(�b)�ig6er or lawer tMn�he initial intuest wte. f. --:_
<br /> ��-,� •{t:,.:::;�=� -
<br /> �.,��c'�'�r:�.: . . (E) GlcoWtoa ol A�yment Change �- .-:.:--
<br /> it the inte�eat wte changes an a Change Oate.Lender will calcutate the anwunl of nwmhlY paynxM o!ptiaeiptl and r..
<br /> -=''���"�'�� infec�est which'would be necessary to�epay the unpatd prIncipal b•rlance in tuil at the maturlty duu at the new lnterest nte �' .- .,
<br /> - . � tMough substamialiy equal pay�nents. In making such catcutatioa.Lender wyil use the urtp�id ptincipal6f�aeee wl�lch would _ E
<br /> � 6e o�ed on die C�Woe lf t6ene had beet►ao defiaU in p�ymeM oa the Nate,roduced by the atnout�t of an7 l�W��
<br /> , to prl��cipaL'1'fMe msult of this calcuWian will be U�e�mount ot the new monthlY paymem of princlp�i aud inter�t. ,---- '
<br /> - . � . �
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<br /> -- (F� Noti�e dChan� ;
<br /> - l.md«wiu give naice to somcwer or any ctunge in�,e irnereae race sna momnlr pamxnt amann� Tt,e nodee mu�• �:-:...--. -
<br /> _ be�iva►at kast 2S daya betoie tl�e new monthfy piyment amount ia dnw�nd must aet forth(i}the date of the notke. i - _
<br /> — �. (if)t8e Clw�gs Dat�(iif),the dd imercst nte. liv)thc�new interat ratq(v)the new monthly payment amount.(vi)tbe i.
<br /> � CumaN lndex�nd the date U wa�pablW�ed.lvii)the me�bod af eal�uWing the chmgs In moathty ps�nntt anwup�and ; ' '
<br /> - ' (Wii)any ct6a`intompUion whkb msy be require�by law trom time to time. . . ' �
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