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<br />Loan No. ....,?~,~,?.~::~.:-.~,~.....
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<br />I.INCOlN
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<br />ADJUSTABLE RATE LOAN RIDER
<br />83-4)01868
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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 ......,!~~......., day of .......,....,~g..,................., 19..?J.., 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 />!f~(?J~~,~!::~~:Y.~~~:~::~~~:::~?~~:::~~~~:~:~~5:~:~:?:::?~::~:~:~~~:~~:;::~::~:?r~~:~::~E~:~~~::5:~!.p.~i~~~~~::::
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<br />(the "Lender") of the same date (the "Note") and covering the property described in the Security Instru-
<br />ment and located at "?,Q2..!?C?,!~!!..!?'y~~~g.!~",......,..,..,.".,...........,,,g!:!~n~"l!lJ,?!!!!..",N~p'x.{l,(l,)gj",Q.aas.)J...."...,.
<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:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL...,U.,.~,?Q..., %
<br />Interest rate changes may occur on the 1st day of ,.......,................,.,...p.~,~,~tI!P..~,L.., 19..a~.. and on the
<br />1st day of .........,...,...,........,..,.l:!~!"~,I}........,.., 19,??,.. and on the 1st day of ..,.........,...........,J1l.il~.,.,........, 19.,85,.
<br />and on the 1st day of ...............................~~PJ,~!l!!?,~,L, 19..?2... 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",
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<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 ....................,.....,.....S.e.p.temhe.r,..., 19.8.5.., 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".
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<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 />(2) KJ ,M.i!!g"'!!l~...~?!;~...t'!<?!;L:.,.~g,nJ.hly".,9,Y~X,M~,.yj&lg...<?n,,!l".$.,."::rx.~?!l!!,:r.y".,,.....,.......m...'...
<br />Seeu r~!;i~,!l..,!!.cj..i!!!l.t~,~.,!;9.,,?,,~9n(l,~!!9J.,.,I!!!!,t;!!.,j,!;y,,.9J..l,.Y,~."'LP}!l>J.!!lt.~A..Qy",!;h~.".f.~.!!~x.?LR~,(l,~r.YL~9.iird .
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<br />Check box(es) to indicate limits.
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<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.
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<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) 10 If this box is checked, the interest rate that I pay shall never be more than ..1.4,..QOO.,..,%
<br />during the period I have my loan.
<br />(5) l[J If this box is checked, the interest rate that I pay shall never be less than ..~Q~ODJL.. %
<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 .,....'..,.......... 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 .,.............,.... percent on any Payment Change Date.
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<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 />!nterest. In such case, unpaid interest is added to the principal balance of the No~1Ufd itself will accrue
<br />mterest thereafter, . . " i
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