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ADJUSTABLE RATE RIDER (I Y.ar T.....ry lad..-Rat. Capo) THIS ADJUSTABLE RATE RIDER is modc this J9.t.h... day of .....~.9.y.gffi!?~!:"..... ........ 19 .~.~...., and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security InslTumcnt") of the same date ~ivcn bk the undersigned (the "Borrower") to secure Borrower's Adjustable ROIC NOle (lhc "NOIC.) to .........~RD'(gL..~.~.~.....~g.~.ri!.~.~i!.,...~.~t.!..9.~i!.l...!\.~.?Rf.i.i!.t.i.Rn...................................... .......................................................... ................... (the "lender") of the same date and covering the properlY described in the Security Instrument and located at: 88- 106517 ....................H!J...K.~.nn~.9..Y....~.QW::t...Jir.!I.ng.J.~.l.i'!n.Q.....ti~!?r.i'!~J!.A............................................................................. (ProperlY Addreu I 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 AIi:> THE MAXIMUM RATE THE BOR- ROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in lhe SecurilY Instrument.,. Borrower and lel.der further covenanl and agree as follows: A. INTEREST RATE AND !\fONTHLY PAYMENT CHANGES The Note provides for Zon initial interest rate of ....a....z.~...... %. The Nott provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A I ClwJI. Dales The interest ratc I will pay may change on the first day of ...P~~.~.~~.r.......................... 19.J?~.__. and on that day evcry 12th month thereafter. Each date on which my interest rate could change is called a "Change Oatc." IB) The lad.. Beginning with the first Change Date. my interest rale will be based on an Index. The "Index" is the weekly a\lerage yield on United States Treasury securities adjusted to a constDnt maturity of I year, as made available by the Federal Resen'e Board. The most recent Index figure available as of the dale 45 da)'s before each Change Date is called the ..turrent Index. .... If thc Index is no longer available, the Nole Holder will choose a nev' index which is based upon comparable information. The NOle Holder will give me notice DC this choice. (C I CakuIatioD of ChaDles Before each Change Date. the NOle Holder will calculate my new interest rate by adding ...I~~.a...an.Q...QD.e.::..... ............hal:f............... percentage points (...2...5D......%) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth oC one perccntage point (0.125%). Subject to the limiu stated in Section 4(D} below.- this rounded amount will be my new interest rale until the next Change Date. The NOle Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change: Oatc in full on the maturity date at my ncw interesl rate ID substantially equal paymenLS_ The resuh of this calculation will be the new amount of my monthly p:1~ment. ( D) Limits on Interesr R.le Changes The interest rate I am required 10 pay at the first Change Date will not be greater than ....10...2.5... .. l't or less th:1n .........D..2.5...........%. Thereafler. my mtere:.t rate will neller be increased or decreased on any single Change O:1te b) more thall two percentage poinl$ (2..0'*) Crom the rate of mlcrl:!ll I hallc been paying for the preceding twelve month!.. ~t) interest rate will never be greater .han ....J~....?~.....9(,. I E I ElI"oc,". Da,. of Chan&es My new interest rate will become efTecti\'e on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until llu: amount or my monthly payment changes again. t F I Nolie. of ChaDI" The Note Holder will deliver or mail 10 me a nOlice of any changes in my imcresl rate and the amounl of my monthly payment before the effcctive date of any change. The nolice will include inrormation rcqulTcd by law 10 be given me and al50 the title and Iclephone number oC a person who will answer any question I ma)' have rcgarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 11 of the Securny Instrument is amended to read as follows: TraltSfrrof rht Property or. BeMfki.llnlerl"5t ia Borrower. If all or any part of the Property or any inlerest in it is wid or transrerred (or If a benefiCial interest in Borrower is sold or transferred and Borrower is nol :t n:lIural person I without Lender's prior wrillen consenl, Lender may, at its option. require immediate paymenl in rull or 6111 sums sccured by thlSScCUlilY Instrument. However, this opllon shall nOI be. e~crcised by Lender if e1crcise is prohibited by Cederallaw as of chc date of Ihis Scc:uril)' Instrument. Lender '11$0 shall nol e1ercise this option iC: (a) Borrowcr causes 10 be ,ubmllled to Lender information required by Lender to evaluate the intended transferee as if a new loan wcre being made to the transCeree; iind (b) lender reasonably determines that lender's security will nol be impaired by the lO.tn lIuumplion and that lhe risk of a bre:lch oC any cm'cnanl or agreemenl in Ihis Securily Inslrument is acceplable to Lender. L "The In~ex figure a\'uilublc all or lite ..hllc thc iniliul ill1crC'l1 ratl: WU!I detcrmined for Ihi!lloU,1I \\'a!l .......a:.Ql..... 0:0. ....TlSTlTE AOJUSTA.8LE RATE AlDER-AAM S'2-::ur';'lt' i ..r-'dl'f-hnrne.... Freddil Mil: Unllorm Inatl'\lment Form3111) 85