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ADJUSTABLE RATE RIDER (I Vear TnaIlIIl' ladex-Rate Caps) THIS ADJUSTABLE RATE RIDER il made thil ..t:i.\=.n.. day of .......J.!:I.Q~................................ 19 .~~..... and il incorporated into and .hall be deemed to amend and lupplement the Mortgage. Deed of Trust or Security Deed (the "Security Instrument") of the lame date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to..., .NR.r.w!l~.t;..>>.<<n~..N.~p.h.l,\t!l$1AA.J:l!\!;l9.n~.+...f'tfj.~f!~.:h!!1;J.9.n. ...'..........,........................... .............................................................................. (Ihe "Lender") of the same date and covering the property described in the. Security Inltrument and localed al: 88-103113 ........................,............1B...V.1>>...'J.'.rJ.l!l:l.J.;t.,..IlJ:.ftnR...l.r;;.J.lJX\Q.....J:l!l~.:r.ftll.IF.l\...Q.~~Q.~...................................................... I Propcny Addrcu) THENOTECOHTAlNS PROVISIONS ALLOWiNG FOR CHANGES IN THE INTEREST RATE AND THE. MONTHLY PAYMENT, THE NOTE liMITS THE AMOUNT THE BORROWER'S INTERESTRATECANcHAHGE AT AN'Y ONE TIME AND THE MAXIMUM RATE THE BOR- ROWER MUST PAY; ADDITIONAL.COVENANl'S. In addition to Ihe covenants and agreements made in the Security Instrumenl. Borrower and Lender further covenant and agree al follows: A. ,INTEREST RATE AND MONTHLV PAYMENT CHANGfS The Note provides for an initialinterest rate of ...?:.1.?.......%. The Note provides for changes in the interest rate and the monthlypaymenti. as follows: of. INTEREST RATE AND MONTHLV PAYMENT CHANGfS (A) 0uIe Datil The interest rate I will pay may change on the first day of ...........J.~;t;;y........................... 19.?~..... and on that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date.. (B) ne..... Be.innina witb the first Change Dale. my inlerest rate will be based on an Index. The "Index" is the weekly averaae yield on United Stales Treasury securities adjusted to a conslant maturity of I year. as made available by Ihe Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index. .... If the Index is no longer available. the Nole Holder will choose a new indell which is based upon comparable information. The Note Holder will give me notice of thls choice. (C) Cllcubdoa of a..... Before each Change Date. the NOle Holder will calculale my new interest rale by adding T.wg...!!n.~...g.n~........... ..........,.balf............... percentage points (...?.,~.o.......%) 10 the Current Index. The NOle Holder will then round the result of this addition to the nearest one-eighth of one percentlge poinl (0.125%). Subject to Ihe limits stated in Scc:tion 4(0) below. this rounded amount will be my new inlerest rate until the nellt Change Date. The Note Holder will then delermine the amount of Ihe monthly paymenl that would be sufficient to repay the unpaid principal that I am elpected 10 owe al Ihe Change Dale in full on the maturity dale at my new inlerest rate in substantially equal payments. The result of this calculation will be Ihe new amount of my monlhly payment. ( D) u.iti OR (Dtiresc Rale CllaDles .;~:" The interest rate I am required to pay allhc: first Chanlc Date wilJ not be greater than ...9...Z:i.....,...........'1 or less tha~ ,.:-:......:i",7.:i...........%. Thereafter. my interesl rate will never be increased or decreased on any single Change Date by more r thalHwo percentage pointl (2.0'Jl) from the rale of inlerest 1 have been paying for Ihe preceding twelve monlhs. My:, intercst,rate will never be greater than .....J.?.,:l.~....%. "., (E) Etreed,e Date of Cllu&es !l)ty',new interest rate will become effective on each Change Date. I will pay Ihe amount of my new monthly payment bqinninB on the first monthly payment-1Iate after the Change Date until the amount of my monthly payment changes apin. t F) Notice 0' CIIu&es The Note Holder will deliver or mail to me a nOlice of any changes in my inlerest rale and the amount of my monthly payment before the etrective date of any change. The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any queslion I may have regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENERCIAL INTEREST IN BORROWER Uniform Covenant 17 nf the Security Instrument is ainended to read as follows: T-rerofllle Property or a 8eMlklallntenst i. Borrower. Ifall or any pari of the Property orany inlercst in il is sold or transferred (or if a beneficial inlerest in Borrower is sold or Iransferred and Borrower is not a nalural person) without Lender's prior written consent, lender may. at its option. require immediate paymenl in full of all sums secured II)' this Security IMtrument. However. this option shall not be ellercised by Lender if ellcrcisc is prohibited by federal law as 01 the dale of this Security IMlrumenl. Lender also shall nOI exercise this option if: (a) Borrower causes to be IIIbmiUed 10 Lender informllion required by Lender to evalualc the inlended transferee as if a new loan were being made to the transferee: and, (b) Lender reasonably detcrmines lhat Lender's s<<urity will not be impaired by the loan aSlllmption Incl that the rist of . breach of any covenant or agreemenl in this Security Instrument is .c:c:eptable 10 Lender. "TIle IndllJl nlure IVlil.ble as of Ihe dale the Initial inlerest rate was determined for Ihis loan was ........~~.~...... 0'/0. IlATlITa1IllGAlIlAlt.I ....TlIlIIlIIl-AMI ,"J-~ F.ll11dy-FIMle ..... F,eddIe Mac UniI_ InltMMnt Form 311' 3 85 C '1M UII(J"''''fOIf