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<br />83- 001U88
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<br />Loan No. ......?,~?~,~,-:-,~::~.~,....
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
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<br />This Rider is made this .........4,.....,..,... d2~' of ........!1g~,...,....,..,............. 19JU... and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage. Deed of Trust. or Deed to Secure Debt
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rowers Nota to ,..,.....,,__.....,......,.......h....................,....,.,",.,....,...,..........,"..".h'.......'......,..._.........,.,......,...........,'.....
<br />.~.ir.lit..J:'.e.dll.ta.l";lA.V,i.[l9JL.<mg..J"Q9.n.,b,l?l'iQ!;J.9.j:;iQn,,gJ,_.ki,J)g,Q.;l,n.r."~,,Qnj..j:;~,.,9,j:;~,t;~,?..\;Q.J:P.Q.J;:~.t;,tQ.n...
<br />(the "Lender") of the same date (the "Note") and covering the property described in the SecurityInstru-
<br />ment and located at ..~.Q,~.7.hg~9.<lJ."R.~J,Y~".."",_.." ..'".".." ,."......, ".GJ:"'ng,.,~,,,J.i!.l1Q.L,.N~,tll::R!>Js.q,...,~,~.~,QJ.,.......
<br />Property Add."eSS
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<br />MODIFICATIONS. In addition t{) the covenants and agreements made in the Security Instrument. Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" oL.:...H,,;??,Q.... %
<br />Interest rate changes may occur on the 1st day of ,.....,......,..............'m(1el;.em.bllJ:.h. 19.,.8,4.. and on the
<br />1st day of ..m'........'........,_.....,~,..gp.,........,. 19..~,:;,.. and on the 1st day of ............,............,l.I!n.e.,.....,.,... 19h,6.~.
<br />and on the 1st day of h.............'h...'...'.....,~~2,t;,~,I!\P.!1,t.. 19...~,?.. and on those dates of those months in ever:!
<br />year thereafter, Each date on which the rate of interest may change will be called a "Rate Change Date' .
<br />Changes in principal and interest payments t{) adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ,.............,.............,....SllP,te\llb~.t._... 19,Jl.5... and on that
<br />date every ....::-,::::::::::-:::.... year(s) thereafter, Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date",
<br />Changes in the interest rata are governed by changes in an interest rate index called the "Index".
<br />Check box(es) t{) indicate Index,
<br />(1) 0 "Contract Interest Rata, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
<br />(2) 29 ,M.iI!!>.t;,9.P.J.JiI...~l;~"~,<?j:;JiI...-:,,,M9.Q,\:ch!y.._",Y~H,'l~..Y,t~;l,g"9!:\..!!"R,'",J;,~,~,~!'lI!.ty,...,""',.."....._".,..
<br />Seeur .i.,t;J.~".,~g.i\i!'l~.!;,9..,!;-Q,..90...gQ,R~~n.l;-",!JI.~~!gJ!;-y..Q,!,_~..y~jH.,.e...,Q.H!!~~...!?y,..!;-tl!L.!f~.9.~);~J."R!l!>,~,..y.~,J~9.a rd.
<br />Check box(es) to indicate limits.
<br />(1) 0 If this box is checked. there will be no maximum limit on changes in the interest rate up or
<br />down. The Preliminary Rate referred to in the Note, will be the new interest rate.
<br />(2) 0 If this box is checked. the interest rate that I pay shall not increase more than ..........,.........
<br />percentage points on any Rate Change Date.
<br />(3) 0 If this box is checked, the interest rate that I pay shall not decre&Be more than .................,..
<br />percentage points on any Rate Change Date.
<br />(4) ~ If this box is checked, the int_t rate that I pay shall never be more than ...J.!l.,.Q.9.Q,...%
<br />during the period I have my loan.
<br />(5) 1!9 If this box is checked. the interest rata that I pay shall never be lees than ..J&,,9.Q!L., %
<br />during the period I have my loan,
<br />(6) 0 If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than ..............,...., pemmt on any Payment Change Date.
<br />(7) 0 If this box is checked. the principal and interest pIlyment that I pay shall not decre8se more
<br />than no.......'..,..,... percent on any Payment Cban&e Date.
<br />The monthly J,I8YIDeDt amounts will also change on Payment Change Dates 88 provided in the Nota.
<br />BeeaUl!e payment CIWIgeS may occur 1_ often than interest rate changes and/or may be 8ubject to certain
<br />IimitatioDll deec:ribed in the Note. the monthly payments !ll8)' be insufficient at time8 to pay accnring
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter. ' .
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