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<br />83.J)013:2,~
<br />ADJUSTABLE RATE LOAN RIDER
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<br />Loan No. ....,.?~~,?,?::~::!,~,....
<br />
<br />NOTICE: THE SECtJl,UTYINS'!'RUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWffiGF;OR. CIiA:NGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTERESTRATE'WILL RESULT IN HIGHER PAYMENTS,
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
<br />
<br />This Rider is made this ....18..........,.... day of ......Ma:l::ch......,.,.,................, 19,.83.., 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-
<br />
<br />!~~~~t~~1~~~r~:~:y.~~:~:::~_~~::f~~~::~~~~~~~~:(~~::?~::~i:~~~~?:~:::~::~:~~~~~:::~~~:~:~~::~:?:~p.?E.~:~:f?~:::
<br />(the "Lender") of the same date (the ''Note'') and covering the 8ropert described inthe Securii<Instru-
<br />ment and located at .,.~}~~,.~~I!l_~~'?,~"~~,~~'...._m..'....,."................!:~!'!~..".~!,':',~<i.J...~,I!l.~E~,~,~".?~...9.!..,.......
<br />Property Address
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<br />MODIFICATIONS, In addition to the covenants and agreements made in the Security Instrument, Bor-
<br />rower and Lender further covenant and agree lUl follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" oL....,ll_2.5.Q,., % 4
<br />Interest rate changes ma~ ~ on the 1l!f day of '..'..m'.................,...,~~,c:,'::~~.:..., 19...~..,. and on \he
<br />1st day of .,....,..,.......,......'..m....~.:~..,........., 19..,..... and on tgg 1st day of .....m..m'............!.~~7....,....,.., 19,....?.
<br />and on the 1st day of .........,...........'n........~~.P..~,:.~~,~, 19........ and on those dates of those months in every
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date".
<br />
<br />Changes in principal. and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ....n....'m...'....,.,...,..,.?~.PJ,~~.~,!::.." 19,~,?.. and on that
<br />date every ..,..7,::::::.::::::..., year(s) thereafter. Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />
<br />Changes in the interest rate are governed by changes in an interest rate index called the "Index".
<br />Check box(es) to indicate Index.
<br />
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
<br />
<br />secur~,~,~.~~~~~~~:~t~:~::~::~~~~\~;1::~~~:~~~r~ti:I~;r?;.~;~v.~~~:~!.:~~~~=:~~~~~~~::~~~~~~~=:~?ard.
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<br />Check box(ea) 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 decrease more than .............,......
<br />percentage points on any Rate Change Date.
<br />(4) IltJ If this box is checked, the interest rate that I pay shall never be more than ,.,1.4.t.QQQ....%
<br />during the period I have my loan.
<br />(5) 1KI If this box is checked, the interest rate that I pay shall never be less than .,.l.Q...QOlL..%
<br />during the period I have my loan.
<br />(6) D If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than ..,..............,.. percent on any Payment Change Date.
<br />(7) 0 If.this box is chllcked, the principal and interest payment that I pay shall not decrease more
<br />than ...................' percent on any Payment Change Date.
<br />The..mon.. '. thly~...gea t IUDOUIlts will also. change onPaymen... t Change Dates as provi.ded in the Note.
<br />~ payment may occur less often than interest rate changes and/or may be subject to certain
<br />1imitati(lllS delicribedin the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest. In such case, unpaid interest is added to theprirlCipal balance of the Note and itself will aCCl'Ue
<br />inteJest thereafter.
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