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N ADJUSTABLE RATE RIDER 87--- 104490 11 Year Tivattiatry (ales—Noft Cap*) THIS ADJUST:ABI,I' RATF RIDER is made this • 2gkh. day of ...... July ................... ......... 19 -.07— and is into and shall be deemed to attend and supplement the Mortg4p, VoW of Trust or Scourity trod (tom titity lustre nt "! of the same date oiven by the undersigned (the "Borrower ") to wore Borrower's Adjustable, Rate Note (the "Note") to...� $. w.. T fi.. a�tay,.�1 ..1� �A� ......... ............. --l.—I, ..... ..... ........ ......................... ........ (the "l ctalee ") of the sAme date and covering the property d rib din she rarity Instrument and located at: ,..R#—AV ............. .............. .................. ............................... I Nr't o Ar�iruus l THE NOTE CONTAINS PROVWONS ALLowM FAR CHANGES IN THE INT9111108T SATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE 90111ROWIEWS INTOMY RATE. CAN CHANGE AT ANY ONE Tom AND THE MAXI IN RATE THE KW- POWER MUST PAY. ArNrttttQ�.st. C'ux r Va vfa. In addition to the covenants :and agreement, made in the Security Instrument. Borrower aad Lender farther covenant and agree as follows: A. INTEREST RATE. AND MONTHLY PAYMENT CHANGE4 The Nx91c provides for an initial Interest rate of `i Tire Note provides for changes to the interest rate and the monthly payments. as follow". 4. INTEREST RATE AND MONTHLY PAN ME:NT CHANCES t A 1 CTtaW Dates The interest rate 1 will pay neat' change tan the first day of .4??It ..... ................. 19 8..., and an that day every 12th month thereafter Each date on which my interest rate could change is called it -Change Date." f B) TAW lade% oun$ with the lost ( hinge Date, my interest rate will be based on an Index. The "little%" is the weekly averate yield ern Lmled Statcs Treasury Securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve lIoard. The most recent Index figurc available a% of the date 41 days before each Change Date is called the "Current Index." If the Index is no longer availablc, the Note Holder will choose a new index which is based upon comparable tion, The Note Holder will give me notice of this choice. i C t C'aiciah lints of Clump Before each Change Date. the %cite Holder will calculate my new mlerc %t rate by adding .1111=9... MA ..2.51.1 percentage points I...3.4 ' ;) to the Current Index, The Note Holder will then round the It tof Ilia tdditicen tco the nearesE txts•cightlt of +roc I�rccntag pcxnt (0.125`T ). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note tWcf will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that t am cxpected to owe at the (,;hangs fate in full axe the maturity date at my new interest rate in submarrijally equal payments The result of this calculation will be the new amount of my monthly payment. t 0 t D on D Rate (. The interest mate I ant rcqu1rcil to pare a( the first ( hanpe Datc will not be preaIcr than .... ]l0- 75.... .... .. % or less than 4?0'71 -. -4 . Thereafter, my tnlerent rate will never be increAwd or decreased on any single Change Date by more than two perscntape paint" 42.[y o frorn the rate of interest t have been paying for the preceding twelve months. My i $esl rate will sever be greater than 34.75 i E i Forctilitte Date of it My, new interest rate will becort cffs<tivc cut each ('han$e Date. I will pay the amount of my new monthly payment beguilwag on the first monthly payment crate after the Change Date until the ammoo of my monthly payment changes again "W1101W 11119,1111"A" Wt t " - f - f toss on flia 31113 06