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rr 4 a as via a a "a'l ILYN ♦ �U49s"sai*x a sr a� a ^aaar aax a 4, 4,XW4"f" as s a sa- NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN, THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ..15t1i ......,.. day of ........ laaUary ..................... ... M x..., and is incorporated into and shall he deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Bor- rower's Note to .. .......................... ` .......................••............... ••--- -................._....... ....... First `Federal Sayings - - -• and -• Loan-• Arsociat_ Qn.. Q#.. Lipcolm•,,.--- Lnited;- State...£RF.p4?1t.I.Q[1 . . ......... (the "Lender") of the same date (the "Note ") and covering the property described in the Security Instru- ment and located at ....- 3009.,jdest..10 . Street ...... ..................... ....Grand...I$1and,..Ngb askn,•, ¢88Q3,. -.... Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree as follows: 1. INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Note has an "Initial Interest Rate" of ..........950 oro Interest rate changes may occur on the 1st day of ................... .........tlarch............... 19 ... PA and on the 1st day of .. ---- - • .... .............. Juno•--- ............. 19.. ... 8&and on the 1st day of ....... -- ......September....... -., 39-M. and on the 1st day of ................... December,_,_._,,._,.., 19....$.$ and on those dates of those months in every year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date ". Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the 1st day of .........................March ._..... _ , 19... 8§ and on that date every ..... .-- --- -- - -- year(s) thereafter. Each date on which the principal and interest payment may change will be called a "Payment Change Date ". 2. INTEREST RATE CHANGES (A) The Index Beginning with the first rate change date, my interest rate will be based on an index. The "Index" is the: (check one box to indicate Index) (1) ❑ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" published by the Federal Home Loan Bank Board. (2) 11 Monthly a average yield on U.S. Treasury. Securities._._.. ................ adjusted to a c t onst$nt.maurity of. 1 year published by the Federal Reserve Board. ..... .. ............................. ...... ............. .............. __. .... -- ....-----------........---------•--..._ .....................I- -- ...__- ....... The most recent Index figure available as of the date 15 days before each Rate Change Date and 45 days before each Payment Change Date is called the "Current Index ". If the Index is no longer available, the Note Holder will choose a new Index which is based upon comparable information. The Note Holder will give me notice of this change. (B) Calculation of Changes Before each Rate lZ yge Date or Payment Change2D?6b the Note Holder will calculate my new interest rate by adding ......... ....... ....... . percentage points ( ............... ... -. .) to the Current Index. The results of this addition will be my new interest rate until the next Rate Change Date or Payment Change Date. On each Payment Change Date, the Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal balance of my loan I am expected to owe on the Payment Change Data in full on the maturity date at my new interest rate in substantially equal pay- ments. The result of this calculation will be the amount of my new principal and interest payment until my next Payment Change Date. (Check box (s)) (1) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or down. The interest rate as calculated under Section 2 (B) will be the new interest rate. (2) PjV If this box is checked, the interest rate that I pay shall not increase more than _.... 100 percentage points on any Payment Change Date. 1.00 (3) ? If this box is checked, the interest rate that I pay shall not decrease more than . percentage points on any Payment Change; Date. (4) If this box is checked, the interest rate that I pay Khali not incrcaSe nacre than Percentage points on any Rate Change Date.