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I_ ADJUSTABLE RATE RIDER (1 War Treasury Wax—Raft Cap) 0922673 -5 86-- 106384 THIS ADJUSTABLE RATE RIDER is made this ...Uk... day of .. tinaimb ex .......................... t9.. incorporated into and shalt be deemed to amend and sappiement the Mortgage, Deed of Trust or Securit; "Security Isstrumont') of the same date given by the undersigned (the "Borrower ") to secure Borrowers Rate Note (the ' Note") to .......... LES.. MosttgaSe . Cor,3ta A tLon .......:....................... .............I................. (the''Leatkc") of the same date and covering the the Security Instrument and lasted at: ........ ............ 7.a5...Su...12P.110etlt....... zamrl.. Lalsud... sill; ....... bBBA� .......................... ............................... f .. [>'ronulty Adeteta] THE NOTE CONTAMIS PNOYISIOt)!S ALLOWM G FOR CHANGES IN THE MITEtMET PAM AND THE MONTHLY PAYMENT. THE NOTE LOMTS THE AMOUNT THE SOIMIOIIIIlR'a INTIMANIT MTE CAN CHANGE AT ANY ONE'TME AND THE MAMIMt1M RATE THE 1001- ROYM MIDST PAY. AwrrtONAL COVENANTS. 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 Note provides for an initial interest rate of ..5..50[)..... %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Cheap Dun The interest rate I will pay may change on the first day of - member ......... ..... ............. 19..13.7..., and on that day every. 12th month thereafter. Each date on which my interest rate could change is ailed a -Change Date." (B) The Index 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 Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Caieidem of Chan" Before each Change Date. the Note Holder will calculate my new interest rate by adding ..... ............................... . . ...............2..7.5Q........ percentage points i.2..:.5D- . - - -%) 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 %). Subjea to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The dote 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) I.iin ea [soma Rase Ctamign The interest rate I am required to pay at the first Change Date will not be greater than ....... lg,,§W ....... %or less than .......... 6..5t}D. ..... %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage pants (2.0%) from the rate of interest I have been paying for the preceding twelve months. My interest rate will never be greater than .....1.3,,.7 - t ............. %. (E) Effective Deft of Changes My new interest rate will became effective 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 the amount of my monthly payment changes again. (F) Ne lee of Changes 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 tick and telephone number of a person who will answer any question I may have regarding the notice. IL TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Tratrder of the Proprty era Be WkW Istaeet in Serrvvm If all 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 i enier's prior written consent, Leader may, at its option, require immediate payment in full of all sums secured by this Setcarity lnstrument. However, this option sbali not be eaerased by Lender if execise is prohibited by federal law as of the date of this Security Instrumem- Leader also shall not exercise this option if: (a) Borrower causes to be anbasittuii so Leader kfarmation required by Lender to evaluate the intended transfereee as if a new loan were being made to the tntwhrw and (b) Leader reasonably determines that Lender's security will not be impaired by the loan aassaiption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Leader. To the extent permitted by applicable taw. Leader may charge a reasonable fee as a condition to Lender's consent to the Iona assumption. Lender may oho require the transferee to sign an assumption agreement that is acceptable to Lander and that obligates the transferee to keep a[1 the promises and agreements made in the Note and in this Security laewrwae PA. Burrower will onauaue to be obligated under the Noe and this Security Instrument unless Lender releases harrower is writing. tMNLf1ITM ADAOU S aMtrt 0010 —+tNS 5.2- -:sing. ;:; —v lasts ON U era Me twoom Dona 311 t t as i..