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<br />84-
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<br />006279
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<br />JQO.3c3'J7-)
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<br />ADJUSTABLE RATE RIDER
<br />(l Year l_x-Paymea1 eap)
<br />
<br />THIS ADJUST ABl.E RATE RIDER is made this ....?:?~.hday of ,......!:.?~::'.i~?~E.................... , 19._.~~., aDd
<br />is incorporated into and shall be deemed to amend and supplement the Monpge, Deed of Trust or 5:xurity Deed
<br />(the "Security [miniment") of tbe same_date give.tl by t/;le undersigned (the "Borrower") to secure Borrower's
<br />AdjUSlable Rate Noo: (the "Nole") to ....!.:~:~.':'.~:...:.::::.-?::~.~,~.~....J.:~::.:...........................................................................
<br />.............................................................................., (the "Lender") of the SlIme date aDd covering the property
<br />described in the SeaArity InstrUment and located at:
<br />
<br />.... . n~ .?~~~ ~.. .~-=~E ~.::. ~... ~:-:? ~. 04.... . no' ...~ .~~~:~.':]... !:~.~.:~ .~:'~ .._. .:,:.~' . . . ~~~: :~.~'.~'~._... ._. .... '::~~:~?~ -, .n__ ....... ...... ......... ........ .n.....m..........,....
<br />
<br />ll'ropcny'<.d<lrnol
<br />
<br />THE NOTE CONTAINS PROVISiONS ALLOWINC FOR CHA."iCES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE
<br />IK>RROWER MAY UMIT MONTHLY PAYMENT ~ TO
<br />7"2% EACH YEAR IF THE PROVISIONS OF THE NOTE PERMIT IT.
<br />
<br />ADDlT10IUL COvENANTS. In addition to the covenants and apeements made ill the Security ~
<br />Borrower and Lender funher covenanl and agree as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHA.~GES
<br />
<br />The Note provu:!es for an initial interest rale of . ]..lm..:~')%, TIM: Note provide5 for chanFS in me iaw'at rate_
<br />lhe monthly payments. as foHows:
<br />
<br />4. INTEREST RATE AND MONTHLY PAVMENT CHANCES: IK>RROWER'S RIGHT TO LIMIT PAY.
<br />
<br />:,.::::'.:-r -----~-~-
<br />
<br />( A) 0a1lftP Dares
<br />
<br />The Interesl lale I will pay may change on the first day of ...,.....~:,':'.~:::::.~::.:.................... 19 .....~.?..., - 011
<br />fhat day every 12th month thereafter, Each date on which my interest rate could clUIIIF is called a "Chaaae 0-."
<br />
<br />(II} The IHeX
<br />
<br />Begmning ...Jlll the first Change Dille, my Interesl ratc wlil be based on an Index. The "Index" is the Wf!ddy
<br />average yield on Unued StAleS Treasury secunties adjUSted to a coostllnt maturity of I yur,lIS made avwbk by me
<br />Federal Reserve Board. The most recent Index figure available as of the dale 4S days before each Chuge Date is
<br />called lhe "Currenl Index,"
<br />
<br />If the Indcx is 00 longer available. the NOte Holder will choose II _ index which is bued lIpoD oomparaWc
<br />mformatlOn. The Note Holder Will give me nonce of thIS cboia:.
<br />
<br />(C) Cakullltioft or ChaRps
<br />
<br />Before ellcit Change Date. the Note Holder ..iil calcul.tle my rn:w interest rate by addin, ..............................
<br />_..,_........'~..Jq\...................,.................. percentage points ( ........~.:,~!..~l to the Cum:nt Index. The Note HoWer
<br />wlil then round the result ofdus addition 10 lhe nearest ORe-cighth ofolte percentllF point (O.12S'Jii,). Tbis ~
<br />amOWlI wtllbemyrn:w lIlterest rateunulthe tlCxtClulngeDlIte, ,~""""!' the n..-.... lnteru"t rate will ~
<br />
<br />-::c.e'"'ri.e1 N~;~ jff~ld~~ ;ilt~n d;~~~i~ t~ a~~~~~f;'~~ ;~~~y';~~menl iliat would be l~t to repay me
<br />
<br />uapllld prlnctpal thllt ! am expected to owe it the Chlllnle Date in full on tlte maturiry date al my IteW illtetat raIC ill
<br />subtuntially equal P3ymcnts. The result of this calc:ulaoon is called lhe .. Full Payment." It will be the IteW lUIIIlNM of
<br />my monthly paymel'lt unlus I chcoIie the amoun! permitted by Sectioo 4(F) below,
<br />
<br />(D l Elm,IYe Dale or ChaRps
<br />
<br />My IteW Interesl Illite WIll become effective on each Change Dllte, I will pay the IImo\1nt of my IIe'llf monthly
<br />payment beginmng on the first monthly payment date after the Change Dllte until the lImo\1nt of my monthly
<br />payment chanles allain.
<br />
<br />( F.) N"'ice ,..- <'1R&1lIfl
<br />
<br />The Note Holder wlll deliver or mllilto me a nOlice of any changes in my Interest rate and the amounl of my
<br />monthly paymem before the effective dale of any chance The notice wtll mdu4e mformlltion reqWl'eO by law 10 be
<br />given me and also tllte 1It1e and telephone number of a person who will ;l.tl$wer any question I mllY havc relardillllthe
<br />nouce
<br />
<br />(F) ~ilr'" Rapl 10 Umil Mead.!)' 1"1II,_t
<br />
<br />UnIl_ *11.<11\6 4( H) ilnd 4( I) below wtll not permn me to do so. I may choose co !tmn the amount of my new
<br />monthly payment ft)llowlOlI a Change DlIte to Ihe amount I have hfl:n paying mllillplied by the number 1,015, Th15
<br />lI_ltt is callfllthe "Limited P:lyment," If I c~ ill UMite4 1".,_1 all l1li' _tit!" 1Ift~. I _al ~e IIIe
<br />~ H8W<< ,...k<<, tMc i 111m ~ N III last 15 dlllYs Wore II\IY Ant _ __hly lIfty-- 6s du.
<br />
<br />((j;) ~til_ to My li~ PriM..1
<br />
<br />If I dlOl'lI!lI! 10 pay the lU1'lit~d raymcll!. lilY mmllhly payment mula he les!i than lhe amOUi'lt of Ihe intere'l
<br />lJOf'llA'fI e)f lhe monlldy Pflymenl 111li! ....ould he ~U"klt"H to repll)' lhe unpaid pnncrl'<al I "....1.' at Ihe monthly pllymC'nt
<br />(!law iiI hili on t~ malUmy .tall: 11'1 \UMI&llllsily equlll p"yments If M'. eM;h mOfllh :h,lt lOe ,-,mlled Payment" Ie"
<br />!lli""l 1M !lltt'r~t pOrllQft, Ill<.' NOle Holder Will whUatl the LHnlleu Pa, men! from lhe ~mcUl'l! nr Ihe "Her.." I'omon
<br />
<br />ltlIIA.1'lIlIITAWllII ~1fMIIiUI M'1IIl....-t V_1''-'I' __~ ,_-,_,-,,:: -... - '."" 0<0' '2.8:1
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<br />T:,-"( -~ll6" 'q c '!
<br />\ ,~-,;w .. "f
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