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85- 00474-1, Loan No. - ADJUST-ABLE RATE LOAN RIDER 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 -- ._...21.1??...... -. day of - .-:SepteTrber -1 into 19 and is incorporated to And -'hall be 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 Bor- rower's Note to . . .... .............. ( the "Borrower ") to secure Bor- ----- --- ---- -- -- ---- - - * - ------ -- -- ------------- ---------------- Lincola.a. United States cprp ------ * ------ ' _pFati-on ---- (the -Lender") of the same date (the "Note") and covering the property described in the Security Instru- -t and located at -42-4.& - -Spriag view.. Dxj_ve . ..... . 'ra)id. Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and Lender fur-her covenant and agree as follows: I. INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Note has an "Injtjp&lniete Ratan' oj --.-9.240 c- Interest rate changes mav occur on the I st day of. Aavem.ber 1986 and on the 1st ciay of ........ ..... ........ F ------ 7 .... ...... 39. 8-7- and on the I -Qt day of .1a . .. .. ........ .. and on the 1st day of -4sq , 19.3 %.. ..... . AuZ _ _. . and on those dates of those months in every - Year thereafter. Each date on which the rate of interest may change will he 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 , I _ iov - emDer - . - .1 .1 1946. and on that date every - -- -- — ------- - years) 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) I I) E '*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) Ao=-hly average yiela. au-ji-s. treasury- .Securities adjusted. to -.&-zaa3tAnt.Zaturity Q: YeAr. P4-011$5Qd tY the Zederql Reserve Board. The most recent Index figure available as of the clatc, 15 days before each Ralt, Change Daft- and 4i days before each Payment Change Date is called the "Current Index*'. ' If the Index is no lonfer 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. i B) Calculation of Changes Elefore each Rate Change Date or Payment Change Date the Note Holder will calculatc, n1v new interest rate by adding 275 , percentage point-- 1 2. 75U., Ji to the Current Index. The 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 tie, St'lliVient to repay the unpaid principal balance of my loan I am expected to owe on the P*Ynxmt Change Date in full on the maturity date at -.V new interest rate in substantially equal pa•,nent& The result Of thil-- calculation will be the amount of my new principal and inters -t payment until MY next Payment Change Date. (Check box (s) (1) :,' If this box is (,hwked, there will be no maximum limit on changes in the interest rate u or down. The interest rate as C&]cui3tf.-d under Section 2 1B) will 1-w the new interest rate. p (2) X.' If this box is checked, the interest rate that I pay shall not increase more than 100 percentage pmntp on any Payment Change Date. 13) ; t If this box is checked, the interest rate that 1 113"., "hall hot decrt a,u Inoll. 111all I LIU PM-Alntagr pmnts on any :Payment Change Date. 44) 11 this box ie che•k"I. the in ;*-,r(,*�ntage KllfttA- On anv Rate Chanre Date.ter"' !"' that 1 OtY "1811 Dol incrca— morc- thin