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0933291-7 ADJUSTABLE RATE RIDER 88- 103062 THIS ADJUSTABLE RATE RIDER is made this ...13.t.h. day of .............JU.QO........................, 19 .88..... and is inc:orporaled into and shall be deemed to amend and supplement the Monpge, Deed of Trusl or Security Deed (the "Security Instrument") of Ihe same date given by the undersigned (the "Borrower") to sealre Borrower's Adjuatab.1 Rate Note (the "Note") to .................COlll\l\lU',c;1aJ...B&ele.r.al,..Ho.l'.tgaso...co&'.poIi'&t;i_........................................ .............................................................................. (the "Lender") of the same date and covering the propeny dClCribed in tbe Security InstrulllCl\t and located at: ............................ft.7.QJ...Lley.a..J}r.................Gr.and...18~and....lilE...........il.88D.L............................................................. IPropcny Addrcu) TRE NotE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INDll.BST BATE AND MON'l'Bt.Y PAYH!NT. THE NarE LIHITS THE AMOUNT THE BOlUtOWEa"'S ,INTEllEST RATE CAN ClWIG! AT ANY (liE TIME AND THE MAXDIUH BATE THE BOUDWEll MUST PAY. THE Nan: CONTAINS A PROVISION ALLOWING THE CONVERSION OF THIS LOAN FROM Nt ADJUSTABLE INTEKEST BATE TO A FIXED INTEREST BATE LOAN. ADDITIONAL CoVENANTS. In addilion to the covenants and agreements made in the Security Instrument, Borrower and Lender funber covenant and agree as follows: A. INTERESf RATE AND MONi'HL\' PAYMENT CHANGES The Note providcs for an initial interest rate of ...l~...Q9.Q....%. The Note providcs for changcs in the inu.rcst rate and tbe monthly payments, as follows: ... INTEREST RATE AND MONTHLY PAYMENT CHANGES ( A) C'IIIuIp Dun The interest rate I will pay may change on the first day of .........Ju.l.J:............................. 19.....B.9, Lnd on that day every l2th month thereafter. Each date on which my intercst rate could change is called a "Change Date." (8) TIlt I'" Beginning with tbe lirst Change Date, my intercst rate will be based on an Index. 'Ihe "Index" is the WeiFted Mntge Cost or f\nls To I'S1.1C lnsured Savt9 m:I "*' MIoc.latiOlll In Federal LoIIIl Bank brd JIIIIIk D1strkt 11. The most rea:nl Indellligure IIvailable as or t~ date 45 days before each Change Date is called the .Current lndell." If the: Indn is no longer availablc, the: Notc Holder will choose a new index which is based upon comparable information. The Note Holder will give me nolice of this choice. (C I CalallaIiDa of CIIuaa Before each Change Dau:. the Notc Holder will c:ah:ulate my new interest rate by addilll .................................... 'l.'WO...aDd...5JlOL.l.OOOpercentage points (....2...')!lO..%) to the Current Indell. The Note Holder will then round the result of this~ddilion 10 the nearest one-eighth or one perccnl4gc point (0.12S%). Subjec:t to the limits iltated in Sec:tion 4(0) below, this rounded amount will be my new internt.tlte until the next Change Dale. Thc Note Holder will then dctermine the amount of the monthly payment thai _Id be sufticient to repay the unpaid principal that I am cxpec:ted to owe at the ChalllC Date in full on the maturity date at my new interest rale in substantially equal payments. The result of this c:ah:ulation will be the new amount of my monthly payment. ( D) u.m .. I...... Rate CIIuaet The interesl rate I am required to pay at the first Change Date will not be greater than ......}.~~.~.<?~...... % or less than by.,.........~;:!:..~.~~O~~ZlOOOinterut(rr.eo~ll ~~ iD::rea&ed or decreased on any sqle a-. Dabe nore ..._, ................ ... ...... ... lilt) ~..... ..... rate of ~bl have been payirw for the ~ twelve lIIOIlths. My interut rate will never be greater than .....~...'t. ( E I meedft o.te of CIIupI My new interest rate will become effective on each Change Date. I will pay the amount of my new month", payment beainnins on the first monthly payment date: after the Chanse Date until the amount of my monthly payment d1anaes ap~n. (F) Nocice fII CIIuaa T~ Note HoIc1cr will deliver or mail to me a notia: of any changcs in my interest rate and the amount of my morubiy paYlIICI\t before tbe eft"ec:tive date of any change. T~ notice will include information required by law to be given me &lid also the title and lc1epbone number of a penon who ,,'i11 answer IIny qucslion I may have reprding the notice. &. TRANSFER OF THE PROPERTY OR A BENEFlOAL INTEREST IN BORROWER UnifOl'm Covenanl 17 of the Securily Instrument is alllCl\ded to read as follows: yr...r... of die ........., or . I_efidalltltensl ia Boaower. If all 01' any pan of tbe Propenyor any interest in it is sold or transferred (or if a beneficial interest in Iklnower is sold 01' transferred and Borrower is not a natural ~) without Lcnc1er's prior written c:onsent, Lender may. at its option, require immediate payment in full or all sums secured by this Security Instrument. However, this option .ball not be ellcn:ised by Lender if exerc:isc is probibited by federall_w as of the date of Ihis Security Instrument. Leader also sball not exercise this option if: (a) Borrower c:auses to be submitted to Lender information required by Lender 10 evaluate the intended transferee as if a new loan were beina made to _ transferee; and (b) Lender reasonably determines thai Lender's securily will not be impaired by t.be loan UIIlmption .nd that the risk of _ breach of any ccwcnalll 01' -lreiifl'Itnt in lhis SecurilY Inslrurnenl is aaleptable to Leoda. n<<:-20S (qc: ',. ,. 1',' \ II' .