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ADJUSTABLE RATE RIDER (1 Year Tnuury I_x-Rate Ca,.) BB-102442 THIS ADJUSTABLE RATE RIDER is made this .1J.t.I.1.. day of ...~?:y..............................:....., 19 .fHL.. and is ;::~rporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Securily Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to .....t{Q~tm.t...>>,~nk..N~llJ:il.akR.....~.~U.Q.nn.l..l\I?aQ!;.iM;:j,p.lJ.....................,...................... .........................................;.................................... (the "lender") of the same date and covering the propeny described in the Security Instrument and located at: .......~,Q~...f.Q.\\rl;h..:U:,.l:l:~.t:,,,..P.p.lJ.J.P.b!;m....,N~.~*~.~ls~..Ji.~.~l?....................................................................................... (Property Add,...) THe NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MOHTIft.Y PAYMENT. THE NOTE UMlTS THE AMOUNT THE BORIioWER's INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE B0R- ROWER MUST PAY. AoornONAL COVENANTS. In addition to the covenants and agreem:nts made in the Security Instrument., Borrower and lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note providcs for an initial interest rate of .....7...~.5.....%. The Note providcs for changcs in the intercst rate and the monthly payments, '.5 follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) CIIap Dala The interest rate I will pay may change on the first day of .........J.l,l,nl:............................. 19.82..... and on that day cyery 12th month thereafter. Each date on which my intercsl rate could change is called a -Chanle Date.... (I) ne.... Belinninl with the first Change Date. my interest rate will be based on an Index. The -Index- is the weetly aYerale yield on United Statcs Treasury securities adjusted to a constant maturity of I yc.ar. as made available by the Federal Reserve Board. The most recent Index fi,ure available as of the dale 45 days before c.ach Chanle Date is called the "Current Index..... If the Index is no lonler available. the NOle Holder will choose a new index which is based upon comparable informalion. The Note Holder will live me notice of this choice. (C I C....tiIa eI C1Iuaes Before c.acb Chanle Date, the NOle Holder will calculate my new interest rate by addinc ....:.!~~L.?!?~........_.n... ane...haJ.f........nn...... percentale points (....2...5.Q....%) to the Current Indell. The Note Holder willtben round tbe result of this addition to the nearest one-ei.htb of one percentage point (0.125%'. Subject to the limiu stated in Section 4(D) below. this rounded amount will be my new intercst rate until the nelu Change Date. The NOle Holder will then delermine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected 10 owe at the Chanle Dale in full on the maturity date at my new inlerest rate in s\lb5tantially equal payments, The result of tbis calculalion will be the new amount of my monthly payment. (D~ u..IS _I..erest Rile Cllalllel The interest rate I am required to pay at the: lirst Change Date will not be !reate~ Ihan n.9.,.~~............n''i or Icsstl\an ..:i,.2:i................%. Tberc.after. my intercst rate will never be increased or decreased on any sinale Chanle Date by more than two percen1ale points (2.0%' from the rate of interest I have been pa)'ing for the preccdinl tv.'Ch'e months. My intercst rate willllC\'er be lreater than ,......J.~....?:!.%, (E) El'ecthe Dale eI C'IIucn My new interest rale will become elfective on each Change Dale, I will pay the amount of my new monthl)' pa)ment belinninl on the first monthly payment dale after the Chanle Date unlil the amounl of my monthly pa)ment chanlC5 apin. (F) Heeke eI C'IIucn The NOle Holder will deliver or mail to me a notice of any chanllcs in my interesl rate :lnd the amount of my monlhly plYlMnt before the elfective date of any chanle. The notice will include information required by law to be li\'en me and also the title and telephone number of a person who will answer any qucstion I may have reganlinl the notice, .. TRANSFER OF THE PROPERTY OR A IENEFlOAL INTEREST IN BORROWER Uniform Covenant 17 nI' the Security Instrument is alMnded 10 .c.ad u follows: T....r.eldIe Pn,et1y .allntlk:iallattrftl ill Borrowa. If all or any pan of the Propeny or any inlerest in II ~ 50Id or transferred (or if a beftelicial inlercst in Borrower is sold or transferred and Borrower is not II natural person) without Lender's prior wrinen consent. Lender may. at its option. require immediate payment in full of all sums secured by this Security Instrumenl. However. Ihisoption shall nOI be exercised by Lender if exercise is prohibiled by federallav.' a5 0( the date of this Security Instrumenl, Lender also shall nOl exercise this option if: (a) Borrower CauKl 10 be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were bein, made to the transferee; and (b) Lender reasonably determincs that lender's security will not be impaired by the loan usumptkHIand that the risk of a breach of any covenanl or ar:~ccment in this Security Instrument is llc:c:cptable 10 Lender. "The Indell figure available as of Ihe dale Ihe initial inlerest rale was dClennined for this loan wa~ .~.'.7.2., " "... fl... IIlA.TtSTA,.1 AOJu$rAILe I'IAlt !ltOER-ARM S'2-Slc-Cle ",un,,\'-Flnnie ...,ri~te I!1ltc Un,form (n"rumenl Fonn 3111 3 8S ~ 'ii't(lf'fO()"UDliI