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<br />Loan No. .u..XU.~.9.::J.::.l.~.....
<br />83- 002562
<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTE~STR..\'1'EWILL RESULT IN HIGHER PAYMENTS.
<br />. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
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<br />This Rider is made this ......2.Qth........, day of ...,....~L..hh................h...' 19,~~u., and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt
<br />(the "Security lnstrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rower's Note to ..............u..........'.h...........................,..............h... ,........ ..,........u.........m..u...u.........:.......,....u............
<br />..Hx,",r,..f.~!1~r.1tL$.\it~J.\l8.!Li!.Q.'t.j:,!?!gL.i\.~!i!?.<;.!i!H,9.Q.,.9.~...~J.':!~Q.1-.':!....!t..Q.':!g~!~,..S.E~.~.~,~..~!?El?QE~.~,~Q!?-...
<br />(the "Lender") of the same date (the "Note..) and covering the property described in the Securi~ Instru-
<br />ment and located at ..}&~L~S.ll!;...:f,Q!;!!.h'..n...h............ m........'...... ..~f!!,'.1.';LL~1{l,ng..u.ti!';!?E,'!-,~~...9.\LQ.L.......
<br />Properly Address
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<br />MODIFICATIONS. In addition to the covenants and agreement.q made in the Security Instrument, Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE ANn MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" 01........11.,.;.;&.. %
<br />Interest rate changes may occur on the 1st day of .m...'...'u..,.........,....J}.~c.e\ll,bg.L. 19..,l\:!l. and on the
<br />1st day of ..............................hMar.c.n.......... 19,.85.. and on the 1st day of ....'...m.....'..'m...JJ.me..........,. 19u,85,
<br />and on the 1st day of .............m'.._......m...S,~~elll.aez:, 19.,.85. and on those dates of those months in every
<br />year theree.fter. Each date on which the rate of interest may change will be called a "Rate Change Date".
<br />Changes in principal and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ................,...........,....S.e.\l!;!mI.l!eJ:..., 19..l\5.. and on that
<br />date every .....:::::-::'.::::::-:::.... year(lI) 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 />Cheek box(es) to indicate Index.
<br />(1) 0 "Contract Intere&t Rate. Purchsse of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
<br />(2) [J . .A!'!ju."!;~.h.~.t!.!{!1t.,,.. N",,t'f...::..i1.o.tl!;h1y.. :lv.", r:~~!', y,l ".1<1.. .?~.. .Y,:.5.:. J. r,,,~.s.u,r:'L.,.....,.........,......
<br />See ur:t. ~A~.lj...?l1J\l.~!;!'l!i...~.~.. ..'!-..S.~"!~~.~~L.~.~.U.J: ~t:L~t..l.. :l.e.~J:,.J!.u.b.~,i.~.l!e.~t..~l. ,.~h,~...Xt!~,eE~,l..I{!?~.t!::Y.,".. ,~{)ard .
<br />Check box(es) to indicate limits.
<br />(1) 0 If this box is checked, there will be no maximum 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) 0 If this box is cheeked, the interest rate that I pay shall not increase more than ...........m......
<br />percentege points on any Rate Change Date.
<br />(3) 0 If this box is checked, the intereot rate that I pay shall not decrease more than ...................'
<br />percentage points on any Rate Change Date.
<br />(4) [) If this box is checked. the interest rate that I pay shall never be more than ...J.{I."QQiL.%
<br />during the period 1 have my loan.
<br />(5) Dl If this box is checked. the intel'tlllt rate that I pay shall never be less than ...J.Q,.Q9,(L.%
<br />during the period I have my loan.
<br />(6) 0 If this box is checked, the principal and intel'tlllt payment that I pay shall not increase more
<br />than '.....'m......... percent on any Payment Change Date.
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than .................'.. pemmt on any Payment Change Date.
<br />.The monthly ..~t amounts will also change on Payment Change Dates as provided in the Note.
<br />Be<;a- payment . esmay occur less oitM than intel'tlllt rate changes and/or may be subject to certain
<br />!bni~tioDll dll6Cribed in the Note, the monthly payments ma}' be insufficient at times to pay accruing
<br />mterest. In such dI!le, unpaid interest is added to the principal balance of the Note and itself will accroe
<br />inten!st thereafter.
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