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ADJUSTABLE RATE RIDER (Payment Cap) ~ ___, 002116 THIS ADJUSTARI F. RATF, RIPER is made this ...1.3111. day of .._ .. .... Apta.l. _...___..... 19..$.4... and is in:.c;rperated into and shall !!c deemed to amend and snpplcmenr the Mortgage. Deed of Trus[. er Deed to Secure Debt (the "Security lnstrusnrnt") of the same date given by the urrdersignrd (the "Borrower'") to secure Borrower's AdjustabkRairNotetn .. ...S(?E2>.9r.MQK't:9dHf._...1.[?c.._ ...... ..............._..._...._..................... _ ..... ....... ... _ ..._ ......_ (the °Lrnder") of the same date (the "Note") and cnvering the property dumbed m iheSerurity Instnrment and located at: Z203..~?util Wosxi~ad3tr...Caur;t -.vrand i.sland....[Vf;....~9.8~~ ........ ....... ~Praperty Address) The Note conttoins previsions olbwittg for chongos in the ittfetast raM evtsry year. It the interest rato ittteroetes, tlto Barrowor's tstonthly prrynitt~ttts will bs higher. If the iMenst rata doereesos, the berrewor's motMhlY paytnatets wdl ba Iowsr. The 6etrrower also tray bo obhs to )111111 tnenthly paytttettt inuaasas to 7!fi°.fe tteelt year. .4DDlTOth l1 C4YFti-r?~7C [n addtnun te> the covenants and agreements made in [hc Security InxttLtneni, &arrawer and ).ender further covenm+t and agree as ti~llows; A. INTEREST RATE AND 1101VTHLY PAYytENT CiIANC;ES The Note pmv+drs for an motel nrterrst rate ++! =! ..~ '- Scxuon 4 of the Nott provtdrs for changer in the interest rate and the motnhty payments, as ioflow~~ "i. INTEREST RA'1-E AND ~ION`Ilil.l' PAYMENT ('RANGES tA) t~lrange Dates i'hcnncrrsrratzlwrllpasmaychangronththrstdav+~t _. h1dX~~~~-~~~~~-.._._,19...A`~....._,andon[hatday rsrry t'_th +ruenth thereafter Fact: datron uhtch my antemtrare cwld change is called a'Yhangt Date." tBr The Index ltrgrnrnng wrth the first t~hangc Date, nit +nterct rate well br hascyt nn an Index. The "Irtdrx" is the wetitiy average r:cW .+n ('nrted ~tntrs treasure ;r~ urntrs adtusted to .r corrsWnt matunty of !year, as madr avula6le by the Fecltntl Rrser.~r iJ.natd. l:rr mint rr>:eut index ligure avariabk as crf the deer d5 days lrefnrc rtceh Change Date is ca{kd~, #he- °Cunrnt laden " !t the Irxirx +~ ew Ic+ngcr avarlablr, the Natr Holder util ehorxsr x new index which is hand upon wmpartrlrk udormancm. I'te Note Haldu writ give ntr uottrr of thrx choree. tCt Cakrhttiae of f'itaaes Rcfrxe each Change Date, t err Ntrtc Holder well arkulate my new unerrst ralr by atWmg .3:r.~....... pert:4lagc.pttett#- 1,.0 Y 1 to the <_ unrnt index. Thr Note lioider writ then rourui the rrxrrlt trf this atidieiott to the nearest t>ttaeigMit- rri rHrc prr6rrttagc pUnrr (it l'_S r) Furs mwxfc.d aatuunt well be my new mtcrest rate until the next Change Date. ilre Kure Hutxier wdl !tray dctermtm the atmrunt of the monthly payment that would be sufhrietN to repay--tita~ unpaid pnrtrtpal halarr.r .rf my bran 1 am expra:tcd to Dore urr the (`Itangr hate to full oft the maturity dart at mY tte1M- mterest rate m suiastanualiy ryual payments. ~ he result of then caictdalxm is called the "Full Payment( AmoWtl", audit wsll br the nru amount of my monthly paymutt unless I chrrrse [he amtwnt prrmNtt+d l1y Sntinn r(D}trelew. iUJ 1lorrower'r Right to I.toiKd Payaw Aaaret (;nkss Sr,~nuns 4(F1 and si(t) below writ nut lecrmrt me to du sc+, 1 tnay chmise to limit the atttaem of my.ttew :namhly payment #iik?r tog a Change Date en the antourti 1 have been payurg muhipiicd by the nntrtiter i.0y3, Thn,tmwot rs cafkd the "Ltm,trd Payrnem Amrwnt. ~' if 1 ciuase the Lireite~ Payttseet Aatwet, I awe ~w.tYa-Nora-lieittar~.tlagt!s tint 1 fro drriieti so at trust IS dryr ietoer oy New sew rrW Yiy gayota it tae. tlit Adiitiuas ro My UaNii Priripl Baiaee If 1 ch.*ose the Lrmttcd Paynran Anuwn4 my rrxmthly payrirenl 4+rahl t+e less than the antoam ref tMe interest psrrtioe .+f a ntunihly payment which then would br atnTatrent to repay my unpaid prtnctpal balarx:e to full ten the [nalurity dale a4 +n7 ~-u:rcnt rntcrrst rate m sutnrtanttaily ryturi Imywrcnis. if su, ctwtr nx;nzlr t~ sr ta,r Limited !'ayyracni Actasn! is leas Shari the tnternt r+ortion, the Nott Holdrr well subtract the Ltmurd Payment Amount from the amomH of Fhe interval pp[ttttrt seed well add the drUerrrrez to my unpax! pnrtcapal bttlane. The Note Holdrr wdl also add interest on the amcxlnk set this dttlerrru:e to my unpaid pnrretpai traian~r each ntutrth. 7"hc taterest rate on the uxtcrrxt added to principal wiB he the~al~ rtyurrod by Srxtxan 9(('Y above. thl Licit ua It+tsMid Priweipi Balaaer, larreatter Mortify Paytrseat Aownt Mt untrard Mtnc:{sa! bulancr.an terror rx.rrd a rnaxtmum attwutu eyuul to one hundred twrmy-five 1>rreent f 1250} <rf the pruvrpal anarrant 1 artgrna}ty borruwec{. My paying a Lrmtted Yaymrnt Amouni after any (: harlge t)att could cause eery unpaid prittapal Ixalstrr.:c to ix<eed that maximum amswnt. If a}, un the date that my paying a limited Paytttent Atttctuni vresuid utusr tree to exceed that is~ttd, 1 wrU insuad began payreg a new muttthly payment until the next lhange Date. The rrc+v mvmtlttY petynrrnt uttl be rn anattrouert whtnh would be suflicernt to repay my then unpaid pno+<iPal bnlarrsx mfrrllr»t the maturriv dale at my . urrrm tmcrest rate rn suixtanttaily ca}ual payments. tGt Ifa~eiretl Eed Pttyotent Aatwat Beglttixtag with the first nrunthly paynx-nt after t£rr East Chari{tr t)arr, f wdi pay the Full I'•aymcnt Amount as my monthly payaleni. t~lJ E~factirs Uah of CUanges My stew iMCrent rate oral! fxe,:unir et[erttse on rac#r L`haagr 1?air !uric pay ¢ t?r .erne out .,f u+y nrM tn.mthiy payntrnt ~g+rtnrng m: Fhr krst nmmtbly payment c1Nlc after the Cttangc Datc cxestl the :aen.~unt „t my ne+.nthiy luryruent cltat~r^v again ~ar11i a! hM Atgltrt! ~ba (Rj~--> , r. ~3.. FNMa tlwifarw iwxrrvrea~nt