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ADJUSTABLE RATE RIDER 88-106358 , (I Ynr TrtUIIrJ l.....lI-R.le C.pa) THIS ADJUSTABLE RATE RIDER il made Ihil ...~~.t~. day of .......N9.y.!!m~!!r...................... 19 ~.~..... and II incorporated inlO and lhall be deemed 10 amend .nd lupplemenllhe Morlsase, Deed of Trusl or Security Deed (Ihe "Security Inmumenl") of the same dale 4iven b~ lhe undenisncd (the "Borrower") 10 secure Borrower's Adjustable Rale NOle (Ihe "Note") to ....~g.~Il~.1;.....~.n~.....~.~r.~.~.~~.....~i\~.1.Q.n.~.]...P.-.~.~!?9.!.i!.tt!?D............................................ .............................................................................. (Ihe "Lender") oflhe same dale and eoverins Ihe property described In the Security Ins!rumenl and located at: u.g~.!lILS.Q.14j;h...C;hil.Ut.i.C.J..Ci.(\r.....(ir..iI.U9..J~.1.!!D.9....NIl.Q.r.!!~.K!!...~.!l!IQ.Lu..u................................u....u.................u.. (ProperlY Address J THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR- ROWER MUST PAY. ADDlnONAL CO\-'ENASTS. 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 CHANGES The NOle provides for an initial interest rate of ..~:.!?Q....... %. The NOle provides for ehanses in the inlerest rate and the monlhly payments. as follows: of. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A I CIuInse Dales The interesl ratt I will pay may change on the first day of ........R.~.~!!.iP.!!.r..................... 19...?~... and on that day every 12th month thereafler. Each date on which my interest rate could change is caUed a .Change Date." I BI The Index Beginning with the first Change Date, my interest rate will be based on an Inde~. The .Inde~" is Ihe weekly average yield on Un lied States Treasury securilies adjusted 10 a constanl maturity of I year. as made available by Ihe Fed.rit Reserve Board. The most recenllnde~ figure available as of the dale 45 days before each Change Dale is called the:~ICurrcnt Index. u" If' the Inde~ is no' longer available. the Note Holder will choose a new inde~ which is based upon comparable info~matian. The Note Holder will give me notice of this choice. f " ;'Cl Calculation or Changes /.,fl>\P 1'5-- 'bbl' ! :Before each Chanse Date, the Note Holder will' &!culale my new interesl rate by adding ...J.wO...llaxt:.ll.D.e::..... . ...Ila~:f~...................... perc:c:ntage points (...2..00.....%) to Ihe Currenllnd... The Note Holder will then round the result of this addition 10 the nearest one.eighth of ane percentage point (0.125%). Subject to the limits staled in Section 4( D) below. Ihis rounded amount will be my new interest rate until the ne~t Change Dale. The Note Holder will then determine the amounl of Ihe monthly payment that would be sullicient to repay the unpaid principallhat I am e~necled to owe at the Change Date in full on the maturily dale at my new interest rate in substantially equal payments. The resull of this calculation will be the new amount of my monthly payment. ' I Dl UmllS on Inle...1 Rale Chanses The interest rate lam required to pay aI the first Change Date will not be greater than ..JQ.:.~.Q.............~ or less than ......9..:.!?Q............%. Thereafler. my interesl rate will never be increased or decreased on any single Change Date by more than two percelltage poinls (2.0%) rrom the rale of interest I have been paying for the preceding twelve month.. My interesl rale will never be greater than .....l~,.~.Q.....%. I E) Etrect/.e Dale or Ch.nces My ne.... interest rate will become effective on each Change Dale:. I will pay the amount or my new monthly payment beginning on the fint monlhly payment date after the Change Date untillhe amounl or my monlhly payment changes asain. ( F I Notice 01 CIuInges The Notc Holder will deliv~r or mail 10 me a notice of any changes in my interest rate and the amount of my monthly payment before the elfective dale of any change. The notice will include information required by law to be given me and also the tille and telephone number of a penon who will answer any question I may have regarding the nOlice. B. TRANSfER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenanl 17 or the Security Instrumenl is amended to read as follows: Tn.r.. or lhe Property or. Beneflciallnle...t ill Borrower. If all or any pari or the Properly or any interesl in il is sold or transferred (or if a beneficial interesl in Borrower is sold or transferred and Borrower is not. natural person) without Lender's prior wriucn consent. Lender may. at its option. require immediate payment in full of all sums secured by Ihis Security Instrument. However. this option shall not be ..ercised by lender if e~ereise is prohibited by federal law as of the date or this Security Instrument. lender also shall not ..ercise Ihis option if: (a) Borrower eaU5es to be submilled to Lender inrormation required by lender to evaluate the intended lransreree as if B new loan were being made to the transferee: and (b) lender reasonably determines thai lender's securily will not be impaired by the loan assumption Ind that the risk of a bn:ach of any COVenant or asreemenl in Ihis Securily Instrument is acceplable to lender. ..The Index figure available as of the dale Ihe inilhll inlcrcsl nJlC \\'a~ dl!ll!fminl'u for lhi!'! Illan \\a.. '" ....~.:g.t. . WI!. ......TtlTATt AOJUSTAIU, RATE. AJOER-IAM S-2-Sor-t;1t! Fo.lf'!1i1y-FantUe.... FrMldlellac Unllan" In.lrumenl Form 3111] 115