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�'� . . � ' �,�.��'41�+ii+I�R��1!�'�� . . , , , _ - -- ----- ., t n<��'r`T, ,�. . ... . L'.... — •��:..�— . ... .. . . ,,b • 7j '1��:� ..—W... �y F � ��}�. 5��`�.^y!fy�!PJaC'� •31 �:1dt"�il" �y�t"d'-:111�E��'.. R{liZll'�dlN°^—J.nt 'il.L:a.1L'_...,�tJ�'v . . _.._c'r�: ' ' '" . . .��_ . ��_f_"��.-.�.., — � �� !'�?M'�'lr�.' . ,-.,� .. - . _ � ADJUSTAB�.E RATE RIDEIt - THIS LOAN IS NOT ASSUNiABLE WITHOUT THE APPROVAL OP THE � D�PARTMENT OF VEP�ER�1S AFFAIRS 4R ITS AUTHORI��D AGENT � THIS AD1U51'ABLB RATB RIDER ia madc thie 11�11 day of ��y� �ggs artd la incurparuted inta nnd shuii be deemed toamend and supplement � the [Veortgugo. Deed of'Itust or 5ecurity peed t"Secu�ity Ingtrument") oi the oame dute given by !he underaigned ("Bonrower")ta sceure Horrower3�No�e("Ncte")to �)OI.t�Bt,IS FEDERN. SIWIN06 BANK (the"L.ender")af the snmedule andcoverh��e the pmpehy described in ohe Secu�ity Instrument and tuc�¢¢d nt: . �AIA ISlAlD, !E 68803 , � � . ' . ; ti,�. '�,• +� � "•:t,.'.,. . •, �.� �� . • ' lhrnpctty AJJtaKrl _: ' � . . THE NO'1'T� �(4�'+i'['AINS PROV�SDOIdS �ILLOWING FOR C�QS3NK��,4 .1N TH� . �, . _ � IPITERFSf l�.�!''d'� A�TiD TH� MONTl�U.�t.i'AYMF.�IT. T8E NCA'f'� WNAiTS TH� . :_ '. �. AMOiJNT T�d�ilO�NtO�VE6t�S INTERF.�'ltATE CAN CHANGE�AT ANY ONB�'IIVIE'� , ;' . AND THE MAXIMUM RATE THE BORROWER 11fUST PAY. " ADOTI'IONAL COV�NANTS. In nddiUon to the covennnt4 nnd agrcemems mnde in thc �ecurity im�avmem. 8omnwer and Lender fuAher covenunt anJ agrce ag fotlowa: INTBRBST RATE AND MONTHI.Y PAYMENT CHANf3ES (A) Chrnge Date 'lt�e intereat�ata may rhnnge mi �ho tirxt dny nf QOto��' 1� 1996 .and thnt day af each aucceeding year. "Chango Date"means euch date un whic6 the interc�t mte could chunge. (B) 'A'he Index Beginning with the tirst Changc Date.ihc interc.g�mte�vill be bascd on un Index. "Irtdex" means thc wcekly tvernge ykid on Unitcd Statcs'Itwsury Sccur(ties ndjustcd ta a constant maturtty af une year.as made nvnilable by th� Rcderal Resern Hwrd. "Cument indea�"inean9 the most recent Indea tigure nvailable 30 duys before the C�ange Date. 1t thc Index (a deflned nbove)is no longer evallnble,Lender wiii us�ag a new Index any index prescr�becl by the Department af Veterana Affairo. Lender wlll givc Borrower noqce nf thc new Index. (C) GIcvl�tton of Interest Itate Changes Before each Change Date,Lender will culculate o new interest rate by ndding a mur�in of 5k� �r�d f�-Fiatf ixrcenm�egaiats ( Z.�Qpp %)to the current Index nnd rounding the sum to tho nearest one-eighth of one percentnge point(0.12596). Subject to the limits stated in Hruagroph tD)of this Rider.this munded amount will ba the new intcrest rnte until the next Changc Datc. (D) Limit�on Interest Itate Changes The intecest mte will nevu increase or decrease by more than ane percentage point (i.096) on any single Change Date. The interest rnte wfil nevcr be more than 8ve perrentuge points(5.04fi)highec or Io�Yer than the inttiN intemst �ate. (E) Calcutttion ot P�yment Chnnge If the interest rate chnnges an a Chnnge Date.Lender will:alculate the amount of montUly pnyment u(prirtcipal nnd (nte�st vihfch would be necessury to repny the unpAid principnt balance in tull at the mntudty dnle nt the new interest rote through substantinlly equal paymimts. (n making such calculation,I.ender wi{t use the unpnid princ(pnl bulana which would _ be owed on the Chnnge Date if there hnd been no default in payment on the Note.reJuced by 1ha nmount nf any prepayments tn prineipat.'The result of this calculatlon wti!bc the nmount ot the new montn�y pnyment oT prirtcipai ana intercsc. - (l� Not[ce o!Changes = Lender will give notice to Borr+ower of nny chnnge in the interest rate nnd mnnthly pAyment amaunt. The nntice must be given nt lenst 25 days betore ttte new monthiy payment amount is due.anJ must aet foAh(i) the dute of the notice� _ (ii) the Change Date,(ili) the old interest mte.(iv) the new intereat rate, (v)the new monthly payment amount.(vi)ihe =. - Curnnt Indez and the date it was published,tvii)the method of catculnting the change im m�nthly pnyment amount.and _ (vfii)any other in[ormation which mAy be required by 1aw from time to time. YA Multlatats AdJustab�e Rate Rlder 1Fcige!�j2 pnpr�l o�i��0 �Mrea co�,� �ewa�a.:�aoa�oo�►o��x e,a�sa�+a+