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-' 10141? ADJUST.4BLE RATE RIDER (I riser Treasmy lderx—Riwe C*ps THIS ADJUSTABLE RATE RIDER is made this 1. day :. .......... .. ................... ]9 .... ?.. and is incorporated into and shall be deemed to amend and sugpiement the Mortgage Dad of Trust or Security Deed ( the " Security Instrument ") of the same date given by the undersigned (the "Borrower) to sa:atrr Bturowcr s Ad }testable Rate NOft (the "Noe ") to.... i cazt. ahi ...C.RrP.PF.di .: ............................. ..._............ ............................... ................................................ .............................. (tire "Lender ") of the same date and covering the Property described in the Security Instrument and located at: ................ ....... . :.'.(zt:...l~...Sz..�'iaxl.^r_1 ................rr '..... hrhyi:.......................... ........................... .. i Property Address l THE HM CONTAM 11110WSIONS Ai.LOWMG FOR CH A GM IN THE RSTE LEST RATE AND THE AIOKT"LY FWNENT. THE NOTE IRMTS THE AIAOl1NT TM 901dW IlE#tS WT REST RATE CAN CHANGE AT AMY OW T 1 AND TIE RIAXMM RATE THE K&- ROM!!1 IRW Pyle. AVDrT NALCovE*:wNT& In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree as follows: A INT£AIEST RA3E AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ....` 0.-%. The Note Provides for changes in the interest rate and the monthly psymouts, as follows: 4. LN`f`E>REST BATE AND MONTHLY PAYMENT CHANGES (A) C3aoge Dmiss The interest rate I will pay may change on the first day of ..._ 3 ,:: . ............................. 19 .... L7., and on that day every l2th month thereafter. Each date on which my interest rate could change is called a `Change Date.- (B) Tier Liex Beginning with the first Change Date, my interest rate will be based on an Index. The - Index" is the weekly average yield on United States Treasury securities adjusted to a .constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index." If the Index is no longer available, the 'vote Holder will choose a new index which is based upon comparable information. The ?vote Holder will give me notice of this choice. (C) C"CM0 0 or Chmen Before each Change Date, the Note Holder will calculate my new interest rate by adding ..... .............. ................. .............. J..47.4._... percentage Points (.... i 5...°le) to the Current Index - The Note Holder will then round the result of this addition to the nearest one - eighth of one percentage point (0- 125%). Subject to the limits stated in Semion 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The. ]Vote 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 Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my monthly payment. (D) Limits ee interest ]fate ChmVes The interest rate I am required to pay at the first Change Date will not be greater than ..... or less than ............•7• .881i•••°o. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0%) from the rate of interest l have been paying for the preceding twelve months. My interest rate will never be greater than ........ :............ro. (£ ) iBsictive Date or Cimiges My new interest rate will become effective on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first monthly payment date ,after the Change Date until the amount of my monthly payment changes again. (F) Nebw of Cbman The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required bylaw to be given me and also the title and telephone number of a person who will answer any question 1 may have regarding the notice. B. TXANSFER OF TH£ PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Tt—fer erttiw Prepay wit Bendseiai inure" s Borrower. ]fall or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent. Lender may. at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and ib) Lender reasonabiy determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of am covenant or agreement in this Security Instrument is acceptable to Lender To the extent permitted by applicable law. Lender may charge a reasonable "cc as a condition to Lender's consent io the loan assumption. Lender may ai!so require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates -the transitive to leap all the promeses and agreements made in the ante and :n this Secur:t% Instrument. Itiorrower will contanue uo be obiiltated under the Note and this Securty instrument unless Lender rcicasea Borrower in writing. JALTSUM AGAGUAt.E Ralf 0100t —AM 5.2— wtgx° =d ^n!r —Fatter o t t/ttn" aillaflI Fenn 3t t t t $`