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<br />83'--002560
<br />Loan No. ......?2;?1?::!::J,e..'n
<br />
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<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />NOTICE: THE SECURITY INSTRUMENTiSECURES A NOTE WHICH CONTAINS
<br />A PROvtSION ALLOWING FOR CRANGES IN TI1E INTEREST RATE. IN-
<br />CREASES IN THE INTERES'l'" RA'l1!:"wn.t RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTER:E8TRATEWILL RESULT IN LOWER PAYMENTS.
<br />
<br />This Rider is made this n.....;?Q:th.nn... day of ..n..'....~Lnn......m........n.' 19JU..,and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to8ecute Debt
<br />(the"Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
<br />
<br />rower's. Note to' ,"'"'n",,,,,,',,,,'n"""",,,,'mn.....",,,,,,,,,,,,,.,,,,,,,,n.................'..'.nm"...'...'.....'.n...'.:............,..,'.n,::.......
<br />.Ei:r;f.l,t,J':~g.'.0\.LS,!I:~:iJ.lg!L.~!l..LJ;Q.4.tLA!<.~.Q.s;j,,,.~J9.!l..9..Lt.i.!l!;9JJl.,...~,..Ulli.~.~g..:?l;,!I.11M:..Q.9.P.M.tlt.t;iQ1L..
<br />(the <'Lender") of the same date (the "Note") and covering the property described in th~SecurityInStrti-
<br />ment and locate<iat ,}QQ:?~~H..1~!;!>...l?.!;r~~J....n.'. '..""nnnn....,fr.~!!~L1.~J,!!!!4"'n!!~J?1:{I,!L~,..9.!H~g.L...n....
<br />Property Address
<br />
<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:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" oL....U,,-l..'1!L, %
<br />Interest rate changes may occur on the 1st day of mnnnnn,.....n..,.......ll.e.!:lll\1.b.e.L., 19.Jl!t.. and on the
<br />1st day oi........nn..n...n..m.....Max.clL........, 19.!l5._ and on the 1st day of .hm....m.m.........J.uue............, 19,.a5..
<br />and on the 1st day of '.....h..m..........'.,...h.s~,llt!ll\1.b.IU:., 19..115.. and on those dates of those months in every
<br />year thereafWr. Each date on which the rate of interest may change will be called a "Rate Change Date".
<br />Changes in princi~ and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ...............h___,..,...____..S.ell);emQer...., 19.85... and on that
<br />" date everr. ,..."=.':0=".____ year(s) thereafter. Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<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, Purehase of Previously Occupied Homes, National Average for all
<br />Major 'I)'Pe8 of Lenders" published by the Federal Home Loan Bank Board.
<br />(2) ~ ,Mj!a.t{\Jtl&..Rl!.t'#h.!!!tt~...::..):l.\?!l!;hJL.l!y,Ctl:l!lt<;..:Y.i~l'L,Q'L.lj.,.~b,.J.l:{\u.\u'.)!____.______,...__.__...,...
<br />Se curi.tj,u.__"I!,JlI.~.t~l!..,t~L.it..S.qnl!.t"1.\!;..."'}}J.\lf.i,~:y...g~...1..:Y.<;'l\x...l?~1l1i'.h~!t__l,>'y...,~b.~...,f.~g.~.r.~},.Jl..~{\{\XN,~..llR,ard .
<br />Check box(es) to indicate limits.
<br />(1) 0 It this box is chedted, there will be no IllllXimum 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.
<br />(2) OIl this box is checked, the interest rate that I pay shall not increase more than __'n....__________.
<br />percentage points on any Rate Change Date.
<br />(8) 0 Uthis box is checked, the interest rate that I pay shall not decreese more than..__.......__.____..
<br />percentage point.! on any Rate Change Date.
<br />(4.) tJ It this box is checked, the interest rate that I pay shall neveJ:. be more than ..u...n.oA..'h %
<br />duringtb.;).period I have my loan.
<br />(5) Kl If this box is checked, the interest rate that I pay shall never be less than ...In..D.o.O'.... %
<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......h@......__ percent on any Payment Change Date.
<br />(7) 0 If this box> is chedted, the principal and interest payment that I pay shall not dec..'"llU9 more
<br />.thIln "'''''''''''--.---- percent on anyPltyment Change Date.
<br />'l'h,f) monthly lXIYffient amount.! will also change on Payment Change Dates as provided in ,the Note.
<br />~~mmen~~es may occur less often than interest rate changes an.d/or Ill83: be subject to ce~
<br />!imitations~m the Note, the monthly payments may be irisuffiC1ent at times to pay accrwng
<br />m~t. IU8\lch ..ClIlIe, unpaid interest is added to the principal balance of the Note and itself. will accrue
<br />interest therelilier.
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