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--~............;.;.~~.-'"",-, ....~.~..;;;.~~.;,....,j,.;:,;;~::..-~,...-:..._~- .."-- ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 28th day of ~ . ..19~i!. aad shaD be deemed to amend aad supplement the MQttpse. oCcd ofTroll, or Dclcdto~l)cJ.K(ttIe>~ of the same date Siven by the undersiped (the "Borrower") to secure Borrower',s Ad~Racc~ Gat-.swq. ~ and Trust ~ (the "Leader") of tbe same date (the "Note") aad coverilt4 the property described in the ~I~i.' The Note contIdn8 provtstona aHowing for c..... In the Intereat me every ,.,. .............~..... -. the Borrower'. monthly payments will be. higher. "the 1nteNst..... ddIIU.................. monWy pIIyIMftta witt be 10..... . ADDITIONAL COVENAl'l'TS, In addition to the covenants and agreements made iDthe Security Instrumcnt;Borrower aDdUaCler funbet' coveaanl and asree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rale of 12.75 0;0, Section 4 of the Note provides for chlU1ies in the interest rate aDd the monthly payments. as follows: ..... 11'~T RATE AND MONTHLY PAYMENT CHANGES (A) CIIlmte Dales .,-~.~~!~~! !'"!!!e' !- ~"'~!! par -may ch:ir'aScvI: the- -[;-rs:--d$i:; of - ;J-arr~T-- -t- : ~~t ..u~ Uti ." tl:lem!lfia'. EIIcl1 Wile on which my interesl rate could chanle is called a "Change Date," (lit Tk ItMIn ..~ with the first Change Date. my interest rate will be based on an Index, The "Index" is the weekly averaac yield 00 U~ S<<ales TreMury securities adjusted to a constant maturity of I year. a~ made available by the Federal Reserve Board. The _I ~ Jadex f'lrufe lI\'wlable liS of the dllte 45 days before each Change Date is called the "Current Index." If t~ IHex is 00 longer lIvailable, the NOle Holder will .:hoose a new index which is based upon comparable information. The Note tWkler ....'ill give me ootice of this choice, to OIk.tkIi.R of C...... kfOfe each Cban,e Date. the NOle Holder will .:akulate my new imerest rate by adding ,_..._"-tI!Ig~.~.~_._,,,-,----, percentage points (2.5 810) to the Current Index. The Note Holder will then f~ the fft-uk of IIW additioo to the neafest one-eillhth of one percentalepoim (0.125810), This rounded amount will be my new i~ mK' IimD tile next ChaOjc Date, TIM Note ~ will then determine the amoum of the monthly payment that would be sufficient to repay the unpaid principal ~ ~' m~' Iou I am expected to owe on the Change Date in full on the maturity date at my new interest rate in substantial1y ~ ~s, TIM rew!! of this calculation is called the "Full Payment Amoum", and it will be the new amount of my momhly ~. _~ to subsection (D) below, (Dt ~.. I... ~ CInNIcfl. TIM falt' of interest I am required 10 pay shall ncvcr be incrcascd or decreased on any single Interest Change Date by more than _-S..........~_. from the rate of interest I have been paying for the precedinl twelv'e momhs. My interest rate also shall never be ....er tiIu -.15-95.. ~. . (B) ~ DIM of CIIataps My ftCW. imerest rale will become effective on each Change Date. I will pay the amount of my new monthly payment besinning 00 the ftm lmmthly PGYmerlt date after the Change Date IIntil the lImounr of my monthly payment chanles Ojain. <<f) Nodce ef ClIaaps . TIM Note H~r will mail or deliver to me a notice of any chanlles in the amount of my monthly payment before the effective dale of ImY c~, The notice will indude information required by law to be liven me and Illso the title and telephone number of II ~ who wilIIUl$WCr any queMions I may hav'e rCllarding the notice." p~ AIIM- J V_ Wit..... 'ay_!.' (:.,. With Ad.lu5tIMnl tu .o\clJultmcnl Ralc Cap and Ralf Cap (}-fer Uft. - -- '. *_6_000_ u L L .....1 L --1