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<br /> ''-: � � �` i4D]USTAB�:�RAT£.RIDER . , . � �
<br /> •.• � 1:;�1 Yeu'ilreatir�[�ia�-1ta�e Caps-�zn1�te Can�eisiw�tMir) �.. • '
<br /> ;;,;.:, . ` ` � 7tH QECEI"IBER , . ` , 93 ._ ..
<br /> : `:� 7HIS.ADJUSTi�kaG�:EaiP�;RIDEIt,Is made this � , dsyof . ,19, ' .aadi.s � �
<br /> it1DOtQoilttOC{i4i0 iR�3b'RII:�Rd��1Gd EOlrtlertd�11d Stippk[D�eAt the MOttgitgC:D�eed af'Ilrost�or Secnrity Deed
<br /> � � . (tbe"Security.Instrum.�tld'�;4�;t� 1 i�O����(�ha.••Forcower"}to secnrr Sorrower's �� •
<br /> 9f f! �\���� i��V� . . . . �
<br /> �djustabk Rate Nate(dt��;<!!�t�r }to , � , .
<br /> � ` ' :��� = ' (eHe"Lender")of tbe sama date aad covering the propetty desctibed ia
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<br /> - � � , the Securiry tasRt�m�t<�dd lbcated ax . _ . . .
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<br /> 19E38 i►i�EST� 3Q�NN��<S�REEf GRANp;ISI.AND� NE bSBt?l;
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<br /> ` ����.ca��s�no�visaNS uuyw�FoR c�ui�s�n�.��s'r r�� .
<br /> • AiM1���HB'�iTH1.Y P�IIYMENT.THE NCTE LIMITS THE AMfaUNT-.TE#�BORpO'WEi�'S.
<br /> , Att.111�T11�ltiE p1T�tF.S i RATE CAN CNAI�[QE AT.IINY ONE i'IME AI�TH8 YAXfMWi1:
<br /> � RA?6 :TN�. BORRQ11iFER MUS7: PAY. 7'HE NOTE �ALSO CONtA1NS.Tl�E
<br /> . . OP`f[UN.�.�TC�CDN1l�RT THE AOdtJSTJl18[:E R14�E TO A FiXED RAT�. _
<br /> _ � .Ai3pTTI(}�1K�y CpY�NANTS.Ie addition to theco�renaats and agreements made in the Secvrity Instr�ment�:_
<br /> - ' Hotran��r an�-�:eader furtder covenant and agtee as foltows: ` �'
<br /> : � .� A:;AtAI�.�, LE RATE AND MONTHLY PAYMF�1i7��AriGES � ,' : ,
<br /> .� : ,•,�' T��fote prrnzdes fot an initial intenst rate of ' �k_T6e Note provides ti�e�hanges in the adjustat�te
<br /> _ � . ;=',:ifit,�t�rate and tht monihiy payments,as folluws: . . � -
<br />::. — , -
<br />- � '';'��4.AD,itTSTABLE INTEBFS'°�,RATE AND AiONTHI.Y PAYI�IENT CHANGES . _
<br />'.;;�, ... _ - (A)CNangel?ates. "`.. .�: . �.. .:. —
<br /> � The adjustable iaterest rate I�;wiEl pay�sia�change on the first ctay o€_ �A�pRY � `lq R5 . -
<br />-- und on that dax evecy�12th moath thereafter. �ach date aa,abich in}��3justable interest rate could change is __
<br />- ��mx^��4 called a••Change Qate." . - . . . . ' .
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<br /> �.,..�...- (B)The Iade.�• .. � .: ���. , . -
<br /> _ "� � Beginning with•t�e first Change Date.r�u��ustaF�ie;�[��e>-t iare c�►�.be based on an Index.The"Indea"is
<br /> ��` ���� ��" the weekly average���td an lJnited States Tr�ar4'secu�r��s astw������:a constant maturity of 1 year,as made _
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<br /> - � � available by the Federal Reserve Soard.The mosi rerea��c���g fi�r�at`�i?�able as of the date 45 days before each � _ T
<br /> '`� ��'���' Chanpe Date is called the"Cur�-e�it Index." � . � ' � '�.� � e .
<br /> ' -'L�.�:.H�n...f)H1G�. , � O
<br /> -- �-:.�:.��;.';��f; If.�he index is no tonger avaiiuble.tfie Note Halder�t!E�.Eioose a aew index t�at is based.upon compara5l� _
<br /> '»_. -,,r... , ,,,,, r.�;
<br />_ ; ,,.�..�r ., �•• inforrnatian.The Note Holder will give me notice of this cnaire. '�•--
<br /> '�r'µ-' �' '�' `' ' (C�CAtculation of Cdanges `��
<br /> �;^.«ti-.;. .: , . : �.750 _
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<br />. .t:,�;�;=, .: ,';,.,�._ :' �e�ore each Ct�n�spdate.the I�Tate Holder wiil caicu.iar,�my netv interest rate by�adding � ,-
<br /> ; ':fw;_., ;;,�,�.__:; perce�cage points( �/c)to the Cunent Index. Tt�e��te Holder will then round the result of this additiors
<br /> " ,1 '�`t"'���'�':.`.•?= ���' to the��arest one-eightb of one percentage paim(OJ25�:.u.�,�:bject to the limits stated in Section 4(D)below.t�us� _
<br /> . r.;:�-�•,_<. .: . ,� -
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<br /> . ,.�;� .. . rounde3 amount will be my new interest rata until the nexc�isange Date. _
<br /> 'r� ' `���T;�-:--�•• �° The Npte Kotd�s'will then determine the amaunt of tha monthl�-{s�aJment that would be saf#�cient to repay -
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<br /> : .:jT�:.�:':..;,.;.,;'�'� '•. the unp�ed principa4 t�ai I am ezpected toowe at the Cha_^'.��.Date in fuFl on ihe Matu�ity Date a���-rcew interest '
<br /> i-��'-- f����';�.;, rate ira�u�ssta�tia2[�er�ual puJ�c¢a�r�s. The result of this::s�c3lation will be the aew umount of rt�; c:ronthl�rwy»�
<br /> : _�,r;�;"�:�h4,t�` .;; ment: , . . � , � ; ... . :.:
<br /> " .��, '' iD1 i:imits o�s laterest Rate Chaages ���;�5 . , =;
<br /> ry, : ,: •� The��resc rate 1 am required to pay at the�rst Change Date will not be greater than• _ �/o or tess �• .,• � �,-
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<br /> - , . than Z' T�b`I`hereafter.my adjusta�e interesi rate will.neNer be increased ar decreascd an any sim�",�Change Date
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<br /> -� f;� .. by m�r�;hari percentage point(s)( �'/�)�r�1�rau-�u���terest 1 have been paying for the prcc�:w!�g 12 rraa�.As. .
<br /> -_ _ Y ,�;��:�:�, My interest rate wiU ne�er be greater than ' �/�.�i.�.e�n is called the"Maximum�itate." ' �.
<br /> -_ �i�� r' (L�Eifective Date of Changes ,� � . ..
<br /> _ =`��� My new interest rate will become effective on each C.!i�-ige Datc. 1 will pay the amaunt of my new monthty
<br /> '�Y"*�.,� . payment beginning on the first monthly payment date st'cer the Change Date unti)the stmount of my monthly :7•��
<br />_ r' '�°��' Q3�[11e11f C11A0b'CS 8�111. . ,
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<br /> (FlNotiaotCt�rnges .' '� � ,• i��:;:'�•
<br /> -_ — The Note Hofcler will deliver or mail to n�a r.o'tic��r�f any changes in my adjustttble interest rate artd�the ' . 'f,"r;°
<br /> --- amount of my monthly payment before the eEti�cti�e�ate of any change.The notice will inc�r�de information
<br /> _ — ' re uired b law to be iven me sirtd�lso the titEe�and tete hone number of a r�on�who�will aas��es an �I ' �-`
<br /> q Y g 1► P Pe Y 9u�tion .
<br /> I may hare regardmg the notice.
<br /> � D.PIXFDINTERF.ST MTE OP7'ION -
<br /> The Note provides for the Borrower's option ta ronrert from an adjustable interest rate with interest rate
<br /> ' � limits w a fued imenst rate�follows: ,
<br /> — � S.FlX�D INTEREST RATE CONVERSION OPTION �
<br /> F!X
<br /> (A) to Cmve�t to Fixed Itete �.,�
<br /> �
<br /> �1 havt a Conversion Optbn th�t 1 can•exeroise unless 1 am in default or this Section 5(A) wil l not permit `��
<br /> . . me b do so.The•'Coeversion Optiod'is my�dptbn to convert the intercse ra[e 1 ar�rcquind to pay by tAis Note
<br /> •from�s�djust�ble[a1e with inkrcst rate limits to the fixed ratr cakulated undcr Section S(9)bebw -
<br /> T6t convetsion cu�onty take place on a datNs)specified by the Note Holder during the pt�riod beginning on �-
<br /> �i the ti�ChM�_I�te_and.eedin�on ttl�e,f'Jth._Ch�ege,Date.Each date on which my�ljustabk.interest rate can =-
<br /> . �
<br /> .-.__.__ ..00arrrttothe eew fuced rak isalkd the'•Carversion Wtr." �"''�'.
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