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__ _ y : _ _... _ ?s ' � � 9�5- �,�p'�'8'?'3 � ; FHA MULTISTATE ADJUSTA��; ;�.ATE RIDER �� .,, ° TH[S ADJUSTABLE RATE I�I�ER is made this • i tirr, " day of t Noverrher, 1995 and is incorporated into and shali be dcemed t� .mend and suppiemrnt E the Mortgage, Deed of Trust or Security peed ("Security Instrument) of the same date given by the undersigned � ("8orrower")to securc Borrower's Note("Note")to ^ � OOLlfi6US FEDERAL SAV I NGS 6ANK � • (the"Lender")of the same date and covering thc propeny described in the Security Instrument and located at: ~ � 506 S SUEZ STREET CAIRO, hE 68824 ; ��ny�aa�«� THE NOTE CONTAItYS PROVISIONS ALLOWING FOR CHANGES IN TNE INTEREST RA7'E AND TNE MONTNLY PAYMEN7: THE NOTE L,MITS THE A1!-tO1JNT THE BORROWER'S INTERFST RATE CAN CHANCE AT l.NY ONF TIME .4�t�D�'iiE MA7{IMUM RATE THE BORROWER 1MUST PAY. ADD,T(OP:AL COVENANTS. In addition io the covenants and agrccinrnis made in the Security Instrument, Borrower;��id Lender further covenant and agrce as tn�to.:s: lNTElRSST RATE AND MONTHLY PAYMENT CHANGES (A) Chan�E�ate The imerest r�te may change on the first day of AE?�^i 1 1, 1997 ,and that day of each succeeding year. "Change Date"means each date on which the interest rate could change. f�3) The indez: Beg�nning with the fint Change Dare,thc interest rate will be basen on an lndez. "Index"means the weckly average yield on United States Tre�.sury Securities adjusted to a constant maturity of one year, ac made available by the Federal Reservc Board. "Current Index"mcans the most recent Index figure available 3U days before the Change Date. 1f the Indez (as defined at�ove)is no longer available.Lender will use as a new Index uny index prescribed by the Secretary. As used in this Rider, "SecMtary" means the Secretary of Housing and Urbao Development or his or her designee. Lender will give Bortower notice of the new Index. . �C) Calculation of Interest Rate Cha��ges Before e�ck Change Date,i.enaer will calculate a new interest rate by adding a margin of Two and Three-Fourths � percen[age points( 2,7500 °�) to the current lndex and rounding the sum to the nearest one-eighth of one�percentage point (0.i25%). Subject to the limits stated in Paragraph(D)of this Rider,this rounded"amount will be the new intertst rate until tfne next Change Uatc. (l:> LimitS on Interest Rate Changes Thc intcrest ratc will ncvcr increase or dccrcase by morc than.•ne percentagc point(I.0°,h}on any single Change Date. ` Tl�e interest rate will nevzr bc more thar fve percentage points(S.�a)higher or lower than tF±e initial interest rate. (E) Calculation of Payment Cha�ge If thc interest rate changes on a Change Date, Lender will Calculate �he amounl of monthly payment of principal and interesl which would bc nccessary to repay the unpaid principal halancc in full at thc maturity datc at thc ncw interest ratc thrQUgh substantially equal payments. Irr making such calculation.Lender will u.se the unpaid principal balance which would be owed ur.ihc Change Datc if therc had been no default in payment on the Note,reduced by thc amount of any prepayments to principal. The resvlt of this calculation will be the amount af the new monthly pa�ment of principal and interest. (F) Notice of Changes Lender will give rtotice to Borrower of any change in the interest rate and monthly payment amount. The notice must be given ut Icast 25 days befere thc new monthly payene�t amount is dae, and must set forth (i) the date oP the notice, (ii) the Changc Datc. (iii) 1he old intcrest ratc. (iv) lhe new u;terest rate. (v) Ihe new monthly payment amount. (vi) the C�;mnt Index and the date it was published. (vii) the methcxl of calculating the change in monthly paymrnt amount,and (viii)arty other infornu�tion which may be rec�uired by law from lime to time. ui 'TEM 65s2(9t W) (lw.Cr/n ? C�t tatea EaWr��Fa+a l�e� j /w.etsl ToOedcrCY:1800.S9pYp�f0�,4�E16'91•It]t � � � ... ._. . ....� .r. . 1�'