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<br />83-lJlJ2748
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<br />Loan No. u.m?}.2,~,?::1,:'~.~m'
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<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 INTEREST RATE WILL 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 ,u,J!l:l::.,..,..m... day of hm..uu~l.!D.~...mum'h,u"h'h' l~;L" 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 Instnunent") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rower's Note to hhh..h.........m.mu..muum'....hmh.uU.......,....u.....u.u.m.uuu......m'm'h'h'h.......m....mhu..Uh'mh.........
<br />.,?~E.f!.~..,?~~,':':~~,~"'~.~~~E:~.El, .~.':.~.,.~~~,rl..A:~:~:?,::~~,~,~.?'?:..?' ~" ~.i.':~'?l,'?:J."~.c!1.':~.,,,~..,~.,~,~.~~..~:?!-:P.~E~.!:~~!Cl,..
<br />(the "Lender") of the same date (the "Note") and covering the8ropertv described in the Securitg; Instrn-
<br />ment and located at ...~~~.6m~~~~m.mu..................'..m......"u.m..m.E~.'?:<1.u~!!.~,?:':~L.~~!>r:,a.s.~m6,8m~1,..,....,..
<br />Property Address
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<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrnment, Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oLm..llA.2'iOu. %
<br />Interest rate changes may occur on the 1st day of h.......h...m.........,..h,De.c.emhe.r.u, 19u.a4, and on the
<br />1st day of h"hhhh...m...m,......lfar.c.h..uuu., 19.,85u and on the 1st day of m.......hhh....m.uJu.ua.u..m..,' 19...85.
<br />and on the 1st day of ,u.....mmu,..mmuu..,Sep.temhet:, 19u.a5, and on those dates of those months in every
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date".
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<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 ""'''h'h'''.hh'hhU'hh.;Se;p.temhez:;.., 19..a:;... and on that
<br />, date every om""""'''':''.'''''.... year(s) thereafter. Each date on whICh the pnnclpal and mterest 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 Int~rest Rate, Purchase of Previously Occupied Homes. National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
<br />(2) IX! hMj~!H,~Q,t~u.[l,,,.~.LNR!&.:,::,.;1!?I,-~hlL {J,){~-',{lg~,sJ.~J,~LQ,l1..Jh;h..J:x.e.\lliY.1."Y.'h"..',h......hh.....
<br />Secur.iJ;:J.g!L!~,9j!-!!l.~,\l.9".,tc;>..A.>;.9.!\~.~J!.J-'-~",.\I!~.~,I}..,JJ;y....9.J;,..t.yJ:.{l,!:"R!,l,RJ,j,,!lJ)."'.d...'Qy...,~,"~....1i'."'-d!:H,-I...Re-'H',l:lI!:,.JlQard.
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<br />Check box(es) to indicate limits.
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<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 Rat~ referred to in the Note, will be the new interest rate.
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<br />(2) D If this box is checked, the interest rate that I pay shall not increase more than ....................
<br />percentage points on any Rate Change Date.
<br />(3) 0 If this box; is checked, the interest rate that I pay shall not decrease more than ..........m.......
<br />percentage points on any Rate Chang.e Date.
<br />(4) !XI If this box; is checked, the interest rate that I pay shall never be more than ..,lhA.QOO.... %
<br />during the period I have my loan.
<br />(5) !XI If this box is checked, the interest rate that I pay shall never be less than ...lO..ClOO.... %
<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 ....,............... 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 ..m..'............ percent on any Payment Change Date.
<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note.
<br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain
<br />limitations.. described. in the Note, the monthly payments. may be insufiicien. t at times to pay accruing
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter.
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