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0960231-N ADJUSTABLE PAYMENT RIDER ~~ --~~CiOG14 TtD5 MIQSTABTE PA72Fllt RII~ is made [t1L 3rd day of Fet~ruary 13:3x+ and Ia incarponted into and ahtll be dewed to asrsd t rte , ,-or to Sense Debt (tte "Seasity IastrteesC") of the aomm date given by the tsidasigted (the "Boreoser")` to aecvoe _HOrrvwe~c's Adjustable Payssnt Note to Towsr Fismrdal, Inc. (tht: "Fender") of the ease date (the "Note") asd covering rte ptroperty described in the Seaaity Iretrussot and located at: The Nate Contains Provlsioas Allowing For Changes In The Interest Rate. And. The Monthly Payment And For Increases Ia The Principal Amount To Be Repaid. The Note Also Provides For Calculations Of Two Separate Monthly Payment: Amounts. One Will Be The Amount That I Must Actually Pay Each Month. The Outer Will Be An Amount That I Would Pay Each Month To Fully Repay The Loan On The- Maturity Date. This Means That I Could Repay More Than I Originally Borrowed Or That I Could Repay My Loan Before The Maturity Date. ADDTfIfXIAL COVEN11N15. In addition to the aouenents and agre®ents made in the Security Iustru~, Borra+er and Lecder furttrr oovenstt std agree as follas: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES Tte Note peovides for ao initial interest rate of =0.00 X. Sections 2, 3, 4, 5 and 6 of the Note prrxide for daiges in the interpat me ad the ~ymects, as fol]us: "2. INTEREST (A) Interest Owed Interest rdll be dtatged m that part of principal sttith has rat beat paid, begitsting art the date I receive principal and motitnittg until the full amaat of pciacipat hoe beat paid. H~ttg on the date I raeive principal, L vlll pay interest at a yearly rate of i6. 5C~0 X. The intermit rate I will pay may dtmt8e on the first day of the month of S e ~ i ter be r r'; and m that day every v. month ttmm'mfter. Each daze on G#tirh the interest rate s called m "lntesest Date." The nor interact rate will becomm effective as each latermt Chst~ Date. (B) Tile Indez Begttnit~g with the first IntexeaC Chmtge hate, my t.+ra.ear rate ,al t t be based on rat Indac. The "Itidai is the tJedcl Auctier..9verace ~ ~.e =~~ tinit~' =rates Tzrassurg h,iYis with ~ aEtturity of 6 ~'i}rnttivt. es - t IDost rloatt ng~se aa,at rte acre w~ daps before each Interest Chm~ge Date is called the "Ct¢rent Indac". lrtie irnexest rate I will rxy s3,ai1 ix~t ex~~ 13.9=~3'. If tte Indnc is no longer aua11A137e. the Note Holder will choose a new itdac which is based upon ooopaQable infontation. The Note Holder will give me ratite of this deice. (C) Calatlatim of Interest Rs[e C#etga Before esrb IntetraC Change Drte, the NDte HD]der Will CAtn,tara my new interest rate by addirg '~ P Points ( 5~15~1~X) to rte Curts~t Indoc. Ttte Note Holder wlll that mmd. dlr. t o'f ttds addition to thet~esrest one-eighth of one pezceotage point (0.125X. This raaded seam[ trl}1 be 4 nwr interest rate until the nest Interest (isIIpe Irate. Lxce~.t the r;~xLunx let crest rate shall :zot uctxc~? 13.34~?~;. (D) IaOerst After Default 'Bic: intet~est Hate regtdred by tMs Section 2 is tte rate I id]1 awe both before and after any defsslt described is Sectim 9(B) be]av. 3• CALCi7LATION OF AMOUNTS OWED EACH MONTH 'Bit'~11ote'tblder wl:il. stn ia'. nyr Pull Monthly !asset. 'Be "Phil. Mmth1Y Anoust" is the amastt of ths:smtlfly pap~tt ttet would' be suffitimt to repay the ut~aid principal tmlaoce of sy lase. in fv11;aE the intess~t rate I mm r~ to pay by Sections 2W) and 2(C) above in substantially equal peryssss an ,which is called the "maturity date". My first F1111 Monthly A~mrt .. ' ', c~; r esdt Inreteat a,aya bats, the Note Holder will calailats the saw.-Pull ~skiihidt I wlil owe each with begiadtig on tie first monthly psy~t date after the Intere~ IIage Date. the Atll liintitly Amaot I owe sap be sore or lees that the asaat I mm required to pay each north. Section 4 below stator the aunt of my nnotbly paysmt sad [tow it viLl denge. Section 5 bales desrsibss tws spr unpaid pdncipsl halmce vdll dmmge if rte sorrel of my marthly psyseat and the. Fall Mostltly Amaot one differmE. 4. PAYMlFNTS (A) Tfs and Flsce.pf PaysMUCS. 2 vdll pay pr4pdpal and.: itrttttlet 17 sskiaE PaYmts awry moth. I will were ml oesthly. pspsets oa rte first day of each nth begiaring on '.: - i i i ; •):~ I .dll nabs Hess pepsots every moarh tntil 1 have paid ell the _ =sagr ottisr ctfatgsr described-telow ttat I may owe under this Hots. My No s~it~siEy d ~ t. PaY ,•ounts cl dtida~ a~nfancs~raula ~ gatrr [tae. the ssaot,of ay lrst snsthiyy p~yrwu before rte sanrity date. I x111 uskr e@! pay~ots at 2120 Sash 7?nd Street, Ostba, NebOeira 68124 or at a diE6et+rst plscr if aaqutLwd by the Nets Hoslidr~c. T'MC-005 {qc) (Page 1} {;rev 11J&3)