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<br />88- 103835
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<br />ADJUSTABLE RATE RIDER
<br />(I 'Year Treuvy laclex-Rate Caps)
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<br />THIS ADJUSTABLE RATE RIDER is made this J.?~h.. day of ...............J,'Ah...................... 19&1'L.... and is
<br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the
<br />"Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable
<br />Rate Note (the "Note") to .... .......EUlSU1T1Qli.u.Jl.&lU~.~,T.aUSt.l:QMP.lJflm.AJm.Q.M..................................................
<br />....,....,.................................................................... (tile MLender") ofthe same date and covering the property described in
<br />the Security Instrument and located at:
<br />
<br />.............l:i~J.,.Ja\",..S.t;........ .....C;I:~.I:\d..,J.:l.l.li\,mJ.....N!;~ll1;.,...Q,aaQl.... ........,...... ..... ............................................................
<br />(Properly Addrcu)
<br />
<br />THE NC7I'E CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE
<br />AND THE MONTHLY PAYMENT. THE NC7I'E UMn'S THE AMOUNT THE BORROWER'S
<br />INTEREST RATE CAN CHANGE AT ANY ONE nME AND THE MAXIMUM RATE THE B0R-
<br />ROWER ....!!'!' PAY.
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<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower
<br />and Lendr.r fUrl her covenant and agree: as follows:
<br />A. INTERFST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rale of U,l".~Q..,....%, The Note provides for changes in the interest rate and the
<br />monthly paymenu, as follows:
<br />~ INTEREST RATE AND MONTH LV PAVMENT CHANGES
<br />( A) C1Iup Dales
<br />The interest rate I will pay may change on the first day of ,..,....,.......~~P.!;,'..J,~,!;..,....... 19,~,9...,. and on that day
<br />every 12th month thereafter, Each date on which my interest rate could change is called a "Change Date."
<br />( B) TIle I_x
<br />Beginning with the first Change Date. my interest rate will be based on an Indcx. The "Indcx" is the weekly
<br />average yield on United Statl's Treasury securities adjusted to a constant maturity of 1 year. as made available by tbe
<br />Federal Reserve Board. The most recentlnde~ figure available as of the date 45 days before each Change Date is called
<br />the "Current lnde~."
<br />If the Indcx is no longer available. the Note Holder will choose a new indcx which is based upon comparable
<br />information. The Note Holder will give me notice of this choice,
<br />( C) CalClllalloa of CIIaaplI
<br />Before each Change Date. the Note Holder will calculate my new inlerest rate by adding .....!;p.J.~~...ft".4...........
<br />..gD.~:;b.alf...........,.... percentage points (...:L5Q...,..%) to the Current Indell. The Note Holder will then round the
<br />result of this addition to the nearest one-eighth of one percentage point (0,125%). Subject to the limits slated in Section
<br />4(0) below, this rounded amount will be my new interest rilte until the nClt Change Dllte.
<br />The Note Holder will then determine the amount of the monlhly payment that would be sufficient to repay the
<br />unpaid principal that I am ellpected to owe at the Change Date in full on the maturity date at my new interest rate in
<br />.ubltantially equal payments. The resl!lt of this calculation will be the new amount of my monthly payment.
<br />(D) u.Ju _ 1.1_1 Rale CIwIps
<br />The interest rate I am required to pay at the first Change Date will not be greater than ",.12...50...."......% or leu than
<br />....8...50..............%, Thereafter. my interest rate will never be increased or decreased on any single Change Date by more
<br />then two percentage points (2,0%) from the rate of inlerest I have been paying for the preceding twelve months. My
<br />inlerest rate will never be greater than ,...15..,50"....%,
<br />(E) Uectlw Dale of Cha...
<br />My new interest rate will become effective on each Change Dale, I will pay the amounl of my new monthly payment
<br />beainning on the first monthly payment date after Ihe Change Date until the amount of my monthly payment chan..
<br />apin.
<br />( F) NoCke of a.Dles
<br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate anli the amount of my monthly
<br />payment before the effective date of any change, The notice will include information required by law to be given me and
<br />also the tille and telephone number of a person who will answer any qucstion I may have regarding the notice.
<br />&. TRANSFER OF THE PROPERTY OR A BENEFIOAL INTEREST IN BORROWER
<br />Uniform Covenant 17 of the Security Instrument is amended to read as follows:
<br />T_fer01 t_ Property or a Beaefklal1.I_lIn Borrower. Ifall or any part of the Property or any interest in it is
<br />sold or trartlferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural penon)
<br />without Lender'. prior wriUen conlCnt, Lender may, at its option. require immediate payment in full of all SUl1lllCCUred
<br />by Ihis Securily Instrument. However. this option shall not be ellercised by Lender ir ClercilC is prohibited by federal law
<br />81 of the dale of Ihis Security Instrument. Lender also shall not ellercise tllis option if: (a) Borrower causes to be
<br />IUbmlued to Lender information required by Lender 10 evaluate the intended transferee as if a new loan were beina made
<br />to the Irartlferee; and (b) Lender reasonably determines thaI Lender's security will not be impaired by the loan
<br />auumption Ind Ihlt the risk of a breach of any covenant or agreement in this Security Inmumenl is acceptable to
<br />Lender.
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<br />....,.,ATI AD.IUITAIU M1'I__AlllIIo2-~ F8Inily-f.... ..,..... Mac llnIllInlI____ ForlII3t11 ".
<br />........ !\Ar R,.,.m..A(l "O'm.. .....
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