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ADJUSTABLE RATE RIDER (1 Yeu Treasury Index-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this ...J.?!;.J:.1. day of ..........~p..;:g.......................... 19 .~?..., and is . incorporated into and shall be deemcd to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrumcnt") of the samc datc givcn by thc undersigncd (thc "Borrower") to secure Borrower's Adjustable Rate Notc (the " Note") to..... .N..Qtw.~~ .f;...~~.p.~..JigJ?r.~.~.l~Jb...N~.t1&U~!. ..~~~.Q~J.~tJ.Q!L....................................... ...............,..........................,................................... (the "lcnder"') of the same datc and covering the property described in the Security Instrument and located at: 88- 101838 THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHlY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE.CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR. ROWER MUST PAY. ......9.18..S.Q.uth. .S.un, .Y.;;J.IJ.~y...J).J;";t:v.~~...gX'.~n9.. .;J;f?J.~n.;t.... ...N ~.9.r. ~.f?k~...fJ.~ ~.9.1. ........ ,..... .... ................................... .... I Propeny Address) ADDmONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CIIANGFS The Note provides for an initial interest rate of ..?..:J.?..~.....%. The Note provides for changes in the interest rate and the monthly payments. as follow!': ... INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) CIau&e Dates The interest rate I will pay may change on the first day of ...........,~~.ly.................,........., 19.~.?..... and on that day every 12th month thereafter. Ea~h date on which my interest rate could change is called a WChange Date." (B) TIle f_x Beginning with the first Change Date. my interest rate .....i11 be based on an Index. The "Index" is the weekly average yield on United Stales Treasury securities adjusted to a constant maturity of 1 year. as made available by the Federal Reserve Board. The most recent Index figure available as of the date 4S days before each Change Date is called the "Current Index. .... U the Index is no longer available. the Note Holder will choose a new index which is based upon comparable information. The Note Holder .....iII give me notice of this choice. ( C) Cakulalioll of CII..tts Before euh Change Date. the Note Holder will calculate my new interest rate by adding ....t.WR...~;Q..l;\..Q.mL..... ......halL................... percentage points (.........~....}.Q.%) to the Current Indell. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0. I 25<<.t). Subjctt to the limits stated in Section 4(0) below. this rounded amount will be my new interest rate until the next Change Date. 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 payments. The result of this calculation will be the new amount of my monthly payment, ( D) UMits _ f.tHaI Rat. Unles The internt rate I am required to pay at the tirst Change Date will not be greater than ...7.~.l7.~.............'l or less than ......5...31.5..........%. 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 interc$t I have been paying for the preceding twelve mDnths. My interest rate will never be greater than ......12....3.7.5..%. ( E) Etrecthe DUe of CllaItpS , My new interest rate will become elfecti\1C on each Change Date. I will pay the amount of my new monthly payment belinning on the first monthly payment date: after the Change Date until the amount of my monthly payment changes apin. (Ff Notice of Owlps . The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my mont hi)' payment before the cffcttivc dale of any change. The notice will include information required by law to be given me and also the titlc and telephone number of a person who ~m answer any question I may have regarding the notice. .. TRANSFER OF THE PROPERTY OR A BENEfiCIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as rollows; T""'~ of t. Propert)'.... a BnefkialllllHe$1 . Bono"H. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial intcrest in Borrower is sold or transferred and Borrower is hot" nlltural person) withoUt Lender's prior wriUen ~onsent, lender may. at its option. require immediate payment in full of all sums secured by Ihis Security Instrument, However. this option shall not be exercised by Lender if cltCr~ise is prohibited by federal law as of the date of this Security Instrument, Lender allO shan not exercise this option if: (a) Borrower causes to be subinitted to Lender information required by lender to evaluate the intended transferee as if a new loan werc being made to'ihit U'a.nsferce: and (b) Lender rcalOflably determines that lender's s<<urity will not be impaired by the loan . auumption and Ihat the tist of II breach of any covenant or aareement in Ihis Scturity Instrument is acceptable to te... ..t~ hide" fisureavallablcas of lhe dale the initial intcrcst rme was determined for this loan was ....~:.?Q........ %, _''''All AD.IU$T....1 "AT. RIO(fl-..... S.2-S,''91@ 1;.,m.I.-flMlt .....'rtddlt MK UnlfOfm In.trument fOtm 31113 85 MOll~rNOr~'~.~1