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<br />Loan No, .....~,?~~~::-,~::~,~...,.
<br />
<br />Q1
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<br />UNCOI.N
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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.
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />83- 001805
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<br />This Rider is made this ......JAth........ day of ...,ApriL,....,....,..............., 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 />rower's Note to .,......"".....",...",..."......,.,....",.".."....,...,.""..""...".,.,..........."""..".....,...,.."...,.......,...,.,............,.......
<br />,f.~!,,;.!:,,~~.~~E!!,~,..~,~~,~,~~~,,!!,~~..~,~~..!'!-,~,,;,~'::,~~.~,~~?..~,~..,~~~!O.'?},?.",..~.,t!.Il,~.~.~~..,~,!:?:!:~.,;...'::~!P,2.E~,l;:,~'2.!!n'
<br />(the "Lender") of the same date (the ''Note'') and coveringthepropertydescribedintheSecuritylnstru-
<br />ment and located at ,.~;?.:?~_,.~!ty~,<:i,~..~,y,!t!!!!~".."..",.,'"...._""""","..G.~~!!!!...I,;J~ll,<:i:"..~~.l?,E~.~.~..!?~,?,Ql.,.......,
<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 as follows:
<br />
<br />A. INTEREST RATE ANoD MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" oL...,JJ",;?5.,Q,... %
<br />Interest rate changes may occur on the 1st day of _..........,.....,..............p.~!;~!!!l?~);..., 19,J!.~.. and on the
<br />1st day of .._.........._..._..,..........~~,r.~h.........., 19.~,?,., and on the 1st day of ..._...,..................,hm,"'..,....,.,." 19..,a.2.
<br />and on the 1st day of ....._......,.....,.............:;;,\'J1.~~!!!l?~);" 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 .....,.......................,...~~p,t~!I!!1g,L" 19,!l2.,. 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 rate are governed by changes in an interest rate index called the "Index",
<br />Check box(es) to indicate Index,
<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 />Se cu ri.t.j,!!~,~~;n~,~1;~:::~~:~:::~2~:~:~~~~:::~~f.~~rr?~I::ti{:::p.:~:{l.:~~~:::~uy.~::~~~;::~::~~i.~:L~~i~iy.~:::~~ard .
<br />
<br />Check box(es) to indicate limits.
<br />
<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 />
<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 .m..............,.
<br />percentage points on any Rate Change Date.
<br />(4) Qg If this box is checked, the interest rate that I pay shall never be more than ..J.!h,Q.9.!L.. %
<br />during the period I have my loan.
<br />(5) Qg If this box is checked, the interest rate that I pay shall never be less than ...HI.,.9.QQ....%
<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 .......n'.....'.... percent on any Payment Change Date.
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than ............n...... percent on any Payment Change Date.
<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note.
<br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain
<br />limitations described in the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter.
<br />Form ~
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