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8~ -- 002224 Loan No......~y661~1 ~8...-. ~~~ ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. 27 1 _..., 19.8..-., and is incorporated This Rider is made this . _..........---__. day of ...-__..-_ . -.. ~__- .... into and ehsU be deemed to amend and supplement the Mortgage, Deod of Ttuat, or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- rower`s Note t'O -- - - __ ._....-......_.... ._.-... - -- --- --° - _ ..-..._... ---- - - -- ---- ---------- -----------°°------- Firat-- Federal_ Saviaga-.and-. Loan- Asap-~.igi-;q~ -.pf _ L.insoln,.-a_gaited-_States-_rzorporation--- tthe `'tender'} of the ome da'w f Lhc "NWT") and covering the property described in the Security Inetrn- ment and located at .30>,Q_.Weet...h~.._- -...------.--. _.. _...(;rand.-Zsland~.lietutaska..fi8~101.-_.----• Propertq Addreee MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrtanent, Boz- rower and Leader further covenant and agree as follows: .L INTEREST RATE AN'D MONTHLY PAYMENT CHA211GF.S The Note tuuo an "Initial Interest Rate" of-..-..11..544-.-.~a Interest rate changes may ixrur on the 1st day of ...._.._.._....-.. _.- ._-August.....--., 19..85-. and oa the let day of ......_._._._._. -.- ....tinvxmber..--, 19-85--- and on the 1st day of __ .....................Fehruasx..., 19..$b. and on the 1st day of . .. ..--_._- ._._._---Max._.._-.--._, 39--86.. and on those dates of those months in ever year thereafter. Each date an which the rate of ingest may change will be called a "Rate Change Dab' . Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the 1st day of ._...._ .......................MaIC-_-...._....._.. 1996... and oe.that date every -.._ - ---. yearls) thereafter. Each date on which the principd and interest payment may change will be called a "Payment Change Date". Changes in the interest rate nre governed by changes in an interest rnte ipdez called the "Inde="'. Checlr boztea) to indicate Index. (I) t~, "Contract Interest Rate, Purchase of Previously Occupied Homes, Natieoai Average ftlr:alt Major Types of Lenders" published by the Federal Home Loan Bank Bttsrd. i2) ~ i\d,)uatable_Rate-!iota..-..tloathly_._aaertga..yield-nn._U..S...Treas..:v..,Spn,~ri_tw. ad,jusCad.la-.a.rnoataat.-aaturitlt. of:..l._year--puhllsbad-.by,-she.-Federal.Besettte_baard..,..,_.w..,,..-. Gheck bastes) to indicate limits. (1) r ~ If this bas is ahedted, theca will be ao ma:imnm limit on ehaoger! in tbs. interrR.>ab r~ ar down. The Preliminary Rata referred to in the Note, will be the new intareat u~b. t2) ~ If this box is checked, the interact rate that I pay shall not inereaae mass rhos .--_._........._. l~ercxvitage points on say Rate Ghange Date. r3) ~ If this box is checked, the interest rate that I pay shall not dacresse: mars thaa,..._..._._..._._ peroeetage points on any Rabe Ghaoge Data. S4) ~ If this bor is oheeked, ~ intareat rob that I pay shalt mreE,ha.u)w?w~lort,..].3.93f1..;.~, during the period I haw my loan. (5) ~ if this box iA checked, the ipbeest rate fiat I pay shstl oeMSe ~bs Mt~ss#EMr~;=~.Q.:x_::...._...~ during the period I law my Ipso. t6) ~ If thm bor ,e Checked, the prmeipd and mtereet Payment t1taL I pry ahailiaok~~oom than ....,-.._......... per¢eat oa any FaymmE Change Data { 7) [] II this bas is chxked. the principal sad interest payment that I pray ~Slil.ptlR dat4nsemiR than ..._.---.---.---- per+certt tut say Paym®t Change hats. ~~ ty~t araotmm will also change on Payment Chaaga Darr as peaaridttdia the-Nap: map occur leas often than interest rob eltutgaaagdior t~ be arrh)~et i0 arMir limitatioaa described m the Note, the monthly prtymenb may be i~ at t>Imw b. -pity ~Ilg intera-t. Ia such case, unpeud interest is added to the principal balance of the Nets sad ibsil +rdl aaartrs- interest thereafter. „ -;~ °'"{..1 ,...+d,. t~