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84..--. 00656.1 r ~, ((~ Loan No. .....6.UZ3=l'::.lB-. i\:, ' ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENTSECURBS A NOT.II:'\UIICHcotrff~;,;;;~'i;/;; A PROVISION ALLOWING FOR CHANGES IN THE lNTBRBSTRA.TJI,;~ CREASES IN THE INTEREST RATE WILL RESULT IN mGBlmPA . DECREASES IN THF: INTEREST RATE WILL RESULT IN LOWBRPA: This Rider is made this ..14th........... day of ..........~.................... 19....~~.ana~~I@I.ll into and shall be deemed to tuDood and lJIlpplement the Mortpge, Deed of Trust, orI)oecltO~;DIIJt (the "Security Instrument") of the same date given by the UDdersiped {the "~);to~~ F~~~~J:~;:.:r.:SA~ing:~:::.:~.n~::iQ~D::A~@g~i~:tiQi:Qi::~~~~:9-~~:~:::~::ij~:~~~~:!:~~~:::i:i~~w,lli: (the "Lender") of the same date (the "Note") and covering the property describedinthes.emtyIDlltrU- ment and located at ....2.7.30, .lirenUlood...Boule.v.a.:cd.... .......... ......GI:aDd...lsla.od.....khrlUSk.&;.6A8.Ql.____ Property Addreu MODIFICATIONS. In addition to the covenants and agreements made in the Security In&tJUI~'' rower and Lender further covenant and agree lIS foUows: 1. INTEREST RATE AND MONTHLY P.~YMENT CHANGE DATES The Note has an "Initial Interest Rate" of .....l1...!t5,O....% ~--------~-- Tnt_Naa*" ......~ .rh""g..e!L-!n~.y~.~-1.r-_Q.,~tbo,,tt'~~~~"t-..d!!-y-.--C!-----~.-- FebruarY.--1 986 on 1st day of ...................,.....liiAY...................., 19...a~. 8Dd on the 1st day of .h...........~~!tt;m........_....... 1'~_ and on the 1st day of 'h..........h.l\Q)(f:m.~r............., 19..~fL and on thosto dates of those montb8 iDewry year thereafter. Each date on which the rate of interest msy change will be called a "Rate Cbanp Date". Cbtmges in principal and interellt payments to adjust amortization of the loan to cornapond with intel'e6t rate" changes shall be made on the 1st day of 'H' . . H..........F.ebr.ua.rJ:................. 19.8.6... and on that date f!'I1ery...::::::-::-.:-.::::.u year(s) thereafter, Each date on which the principal and interest PBymmtp19 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 ",ill be based on an index. The "Index" is the: (check one box to indicate Index) (1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, Nstionsl A...... for all Major Types of Lenders" published by the Federal Home Loan Bank Board. (2) ljJ Martth.ly.,. .a:ve.rage . .y.1elJ1. .oo..lJ...S.....1: X'1:.i.:llU'Y,. .s.~~\I.r." U ~.lji...u ......................................... ad j ust.ed ..ta..a..c.o..ulita.nr...JU.t,llrit.lr..QL.4.. .Yea... ..pyb.J.J..Il.l1~~. .!>.Y... .th.~..J ~4.~ r.!it .ll,~~~.~.y.~ ..~.~F.!!.~.................. L The most recent Index figure available as of the date 15 days hefore each Rate Change Date and 45 days bef9l'e each Payment Change Date is called the "Current Index". If the Index ill no longer available, the Note Holder will choose a Ilf!'I1I Index whidI is based upon comparable information. The Note Holder will give me notice of this change. (B) Calculation of Changes Before each Rate Change Date or Payment Change Date the Note Holder will calculate my new interest rate by adding u 245 percentage points (2,450.. H %) to the Current Index. The results of this addition will he 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 be sufficient to repay the unpaid principal bAlance of my loan I am expected to owe on the Payment Change Date in full on the maturity date at my new interest rate in lIubstantially equal pay- ments. The ll"lIult of this calcu.lllltion will be the amount of my new principal and interest payment until my next Payment Change Date. (Check oo1l:(ll)) (1) i;J If tJUe box ill checked. th_ will he no maximum limit on chanlltlll in the interel!t llIte up (If down. The mt.erel!t mte IUl Ullkullltf'd under Section :! (B) will be . he I1/.'W interoot flitI.'. (2) (.xl If thill box is checked, the interest m(l' that I pay shall not inne_ more than. l)O ~n:entqe pomt.!! on any PIl)'lT1f'nt Changl' Date, (3) 1,Xi If this box ill dwdlf'd. the intNWit rat,> Il1l1t I pay shall not d{'lT"U~e morl' thanl~() l~lmt.1ll!e points on any I'IlY'll1Cnt Chlllll(e Date. (4) [J If thill box ill th<!'Cked, th4! into'ff'l'lt nile that I pllY "hall nol 1111"1'('11.)\<.' !IIl/ff' thlm 1~(:I;;!l'ltallfl1 pomt./l on any Rate Chanlltl DatA'. ~"J'!'m fI~ 4li!U~ I -.J'