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r ADJUSTABLE RATE RIDER 84 -., OU1656 (Payment cap) THIS ADJIfSTABl.E RA I"E R1DER is made this .29th... day of ... ___........MarCh.._......_......, 14....89, and is inevrpcrrated iota and shalt be deemed io amend and supplemen! the Mortgage, Dred of Trust, or Deed io Secure I~ht {the "Security Instrument"1 of the same date pttven by the undersigned (the "Borrower") to secure Barrawer's Adjustable Ratr Nate to ................._ ......._.,..~~F..SPX..I'aPFX-~S£.....IAGi.....,................................_........................... _.._ ......................................................._._.._...._ (the "l.ertder") of the same date {the "Note') and eavering the prtaperty described in the Security Instrumen and Ideated at: _..... _ . _.... _.... __..._...519..North..ifennedy..Place..--.Grand..Ssland....I~....fi8801 ....................._........ (Property Address) The Wote contains provisions allowing for changes in rho intorost rob every year, If the interest rats inneososr tbo 8orrewer's maMhly poyntenls will 6t higher. If the interest rote decree:os, the 6or-owor's monthly poynnents will b* lower. Tho 8errower else may bo able to iimil monthly poyatnnt incnosos to T?5 % eoeh year. ADbt7te)tAt. i'tivF~.t~'t"i. In adduaan ro the covenants and agreements made in the Security lnstrumeut. 13tarrawrr and Lender further covenant and agree as fallosvs~ A. INTEREST RA"Tk: AND 1tt?NI'HLY PAYMENT CHANGES Ttte Niue prnvutc's for an tnuntt antrrrst rate of . . `~ • ~ ..~: Sea titan 4 of the Nate provides t"nr chsnges in the intert~t rate and the manth[y payments, tas foi"tows- '.~. IM1TERt,ST R,A'I'E AND ~tON'fF}LY PAl'ME'v"T (`NANGES tAl ('flange Ihtes T'tte,nterrst rate 1 utl! pay may change nn the first day of .. .. .....April .................... ! 9...85......., and an that day ev-rty ;?th maruh thereafter Flash date an w}uch m}= mtrrest rate coutd change as called a "Chsngr Date° tB3 The inde>< f3rgmmng wuh t hr best C'hangr Dntr, my uurr~st rate avd! tar haled un an Indrs. 77ae "Inds'' is the weekly overage vartd on Lftutrd ~tatc-s trensurv se~~unrtrs :sd~nated ru a ;nnsiant matunty tN 1 veer, as made availahir by the Federal itrsrrxe lidded. i'hr rn~nt recent Sndex figure avaatnhlr as t,t the date 15 days hrfarr each Change Datr is called the "Current Indes." )f the tradcx is ns3 iongcr evadable, the Nate Ltoldrr vvtll chcacgce a 'new ended whieit is based upon camparaislc tnfarn'tattara. The Nca[e Noidrr wilt gave mr, nott.e t'this cttatce. tC~ GaLculatina ttf thaagcs ldrfttte rac3t C')tnnge Date, the Near }iatdrr wall cak-trlatr my new toter wt rate lay adding .._.l..,ft.. pcree-stage paints ? ., ~, ~.~ -) to the t`urrent lodes. The Note 'ttrakter wet: that round the rrsuft of this addition m the nrttrest one-eighth ol'anr Prh:entttgr paeni {~i_ 1? 5'%~ ). `Phis rounded amount wdi br my new mterrst rate until the rtrat Change IIatr. The Nate Helder wilt tbt~tt drtrrminr the nmcunt of the ntttnthl'y t,tynrrnt that would tar sufiiricnt to repay the unpaid principal balance :af my !zaan t am rxpet•ted to awe can t)tr Change 1]atr in fn)! an the maturity date at my new artterrst cafe to substanttttiiy ~{uaf pwymrsus.:'hx resah of thrx ralrntatutn as roiled the "t~ui1 Payment Amou[tt°, and ii wall hr ihr rteu arnannt of my monthly payntrnt unless 1 eh<atrsc thramcwnt Permuted by Berrien dtDy hrhnv. tD) Bnmawrr , Right to i.ittrietat Pttyateat Arnnnnl Ltn)css Srct:tvts s(F1 atad d{C;3 Faelow wdl oat i>rtartu me [ca du sex, i may chtwsr to kimit the amount of my ttrw momhiy pay[t[rrt[ fo(iawmg a ChangrDatr to the amount f have been pnying naultipliq:! by the numtarr L079~Tttis amount is eailett the "L.intttex! Paytarnt Amount.'" tI t chorale the himited Paytteent Atanuat, I enlist give the Note tloider rtotke that I am dnigg sn at luau I S days betnre my first dew aioathly paynreat is due, lE:t Attdttioas to hiY llnpaW Principal Balance ill cht~c the Limueti Payment Amcau[Ii, rely m>aythly Payment cexdd he loss than t#rr amount of the urtrrest portion +[t-a nuattthly payment uhtcit thrxt would be sutTtctrm to repay my unpud prrztetpal ba(anae in full tart the rnttturity date at my rtt,rrqu interest rate in suLastatttiatly equal paytrtents. N ztt, each nxmlh that the Laniitrd Payrncm Amnon[ is Icws [hart tq~ tmarrst pcutian, the Nate tlaitter wdl subtract the htmnetl Payrtta~au Amctuni from the amount of the interest partiati acrd w~lii add the dt~errnar to my unnpaid pttnripal halan ~r. T)tr Note Naldrr wits also add mterext on the amount of this de{tiretar.e w [ny unpaid pnncipal halanre each month. fihe interest rape nn the interest added to principal wilt tar the rate requtr~i by Seaiatt siC} atxive tP) Limit on l!apgit) Prineipd Balance; larreased ~in~athly Paymem Aiaaant Aty unpaid principal baLanrr can taever escetd a rnaxL~ttum anaaunt ryuat to dear huudrrd ttvcnty-ftvc Pettiernt { 12S ic) eaf the prrmipatamtwnt ! artgina(Iy barriawed. My payiatg a Lunued Payutrnt Amnuttl afire any Change Date could cause m)f-ttz)t{tald pr#t}c~}ag! tzaian+~ to rxr-Ged that tnsttitnttrn atnaunt. it so, un tttt date that my Payta~g a Lamucd Paytttrtai Amcxtnt wauid cstttyG tnr to excxed trot limit, I wtil instead ta~)m paying a new mcatuhly paytrtrnt moil the nGSt Cttange Daata: `I`#~t tf~w ,rtaul[t!{y pttgat[rrtt wilt be in eat amtaunt which wctuid ttr sttii"tcirtit tcx repay env t hen unlwid principal baltmce rit~ttii-~S the ttratur'ttz da~eat ta~y eurtxtit' mterest rate to subataatttal)p rttuai paymrnta tG, Rea,tiire/, f 1tIL tnteat Astttwnt ttictinnintl xrtth tiller=dfast tncaattaly payment after the krs! C'hangv I)utc. 1 wdl pay tree f`uii Payment Amvauns ac my num:!Ay Pay orator. +ti) tftetttre t;!ttte tat`, is ,M y than tnt~[+ett rsete w81 taartvatite eg'ttrr eta a;~ai Chance Date_ i wtf! pay tltr ntnount e f rray ttrw tnetnthly taaynarm ~ginntt+g r~ti:e @tta BEyt a3utL[hLy p4(rn3nitt date after Else C'hattgt C1at¢ unto tltr aaeRamu rot` my nust+thlS p;tymGtai ch.~tn xit ttu [~ lll-fif ~M: ^I Ys-: rt+wr~MrY ?t~.»-~i» =a~,a~.,~ ,~_tstM,A ~ tit