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,� 'r �9 1" 07997 The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in substantially equal payrnents. The result of this calculation will be the new amount of my monthly payment. (D)Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 8.875 % or less than 4.875 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage points(2.0%) from the rate of interest I have been paying for the preceding twelve months. My interest rate will never be greater than 11.875 %. M Y I N T E R E S T (E) Effective Date of Changes RATE WILL NEVER BE L06dER THAN 4.875"/0. My new interest rate will become effective on each Change Date. I will pay the 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. Notice of Changes he Note Holder wi"11 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 by law to be given me and also the title and telephone number of a person who will answer any question I may have regazding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. If a11 or any part of the Property or any interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payxnent in full of all sums secured by this Security Instrurnent. However, 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 sha11 not exercise this option if: (a) Bonower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the nsk of a breach of any covenant or agreement in this Security Instruxnent is acceptable to Lender. To the extent pernutted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assump tion. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made m the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Bonower in writing. If Lender exercises the option to require immediate paym ent in full Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to the expiration of this penod, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. BY SIGNING BELOW, Borrower accepts and a ees the t an covenants contained in this Adjustable Rate Rider. � - �-- �s�� RY SNYDER -Borrower � � �� (Seal) L RI A SNYDER -Borrower (Seal) -Bonower (Se�� -Borrower �•8226 ieioe�.o3 Papa z or z Form 3111 3185 �