|
<br />83-fiU3798
<br />
<br />Loan No. .....:~~~~g::-,h::!.L..
<br />
<br />Q
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVTSIQN" ALLOWING FOR' CHANGES IN THE INTEREST RATE;. IN.
<br />CREASES IN, T~ INTEREST RATE WILL RESULT IN HIGHER PAYMENTS,
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
<br />
<br />This ~ isllll1de this ,..1.9.t:l1.....""". day of ."",IgJ,y.",,,.,,..,,,,,,,..,,..,,,,.,, 19.8.L, andisinCOrpcmlted
<br />inoo and IIball be doomed to amend and IlUpplement the Mortgage, Deed of Trost, or Deed to StleureDebt
<br />{the "Sewrity Instrument"} of the same date given by the undersigned (the "Borrower") to secure BOr-
<br />
<br />rower'!J Note to . ...""." "'. "" .."...,.,. ""'."'" ""..,,,,.,,,,,,,,..,, "...,,,.. ",,,..,.,,,..,,,,,,....,,,.,,,,,,,,......,,,,....,,..-c,,,,.._....,,,,;"""_
<br />.1J.J;:..l..lfl4i\.O\1.Ji.,.y!mt"'"~mL.J,.~!!~,,A~lt~J~!;J,g!,!,,!?,L,~.i,~,9..;P'.,_,~"gEA~!~..3?~~;.!,!,,\:!?~~!!:;'~.?E'...
<br />(the"LenderH) of the same. date (the "Note") and covering the property described in the ~fustru.
<br />moot and lotatedat .J3,;r.;Uaat;..:iWllllit,L",,,,,,,,,,,,,,..... ...........",G.r~M..J!lJ~.n"'....~.'.Rr!l...~,,~SI.J!L,..,....
<br />Property Address
<br />
<br />
<br />MODIFlCA nONS. In addition to the covenants and Ggrel"menUl made in the Security Imtnnnent, Bor.
<br />rower and !..ender.further covenant and a.wree as folloW!!;
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />1"he Note hu an "Initial Intel't'l5t Hate" oL...U.,.~5XL %
<br />lot_t rate ehangt'llmay ,>ernr 011 the 15t day 01 ''''..n'''""". ,."QI}J::.WIlbeX,... 19...13.4. and on the
<br />lat day of , ~.ch."..~.. 19..85.. and on thu 1st day 01 ......~.....JWlA............, 19~Ji~
<br />and on the 1st day of. ....... .... Se.jIto.1llhl!.r., 19...i1;'i, and on thOll& dates of thOll& I1l()nths in llver,y
<br />year tbereotfter. Each daw on which the rate 01 intReo;t may d'.AnP will be called a "Hau. Change Date' .
<br />Cll.lmge. in principal and int<<est pa~'1TlCntll to adjust amortization of the Joan to correepond with
<br />interll8t ratb ~ Mall be mad" on the 1st day of ...."............. ..SAOltwa.l\e,.t.... 19,JU" and on that
<br />date tlWll'Y..,,,,.,,.,-,,,.,.,. yoor(8) th"reafur. Each data on which the principal and interest payment may
<br /><:hanlIe will be ~oa}!.t II "Payment Change [late".
<br />C~ in the int_t rate are ~ed by change!l in an int~l't'i!It rate index called the "Indllll".
<br />CJ10ck ~(t!Wi) fA> indicate Indt\L
<br />(1) [} "Conmct lntenm Hate, Pu~ of PrevioWlly Occupied HollUll!l, National AVltrage for aU
<br />Major 'I'ypes oll.tmd&lIl" puhliIfhed by the FIldenI Home LoM Bank Hoard.
<br />(2) ;J ..&i.1\l.ru4.~1<l..i\".,.~.;i~H\" ~9\1~i)\y..,~V~q.i!ti1dq,5!.!U!.!.hI..~M~>n'".... ,..........,........
<br />See utltUA...l\aJJ.at.c4",t,\l.. ;I"';'\!.la.\;iUlk..JM.\;.\lr1r.,J,,.Il.t. .t. nUU..2}...RJ,,(>$A\(t\t)?Y,..kh~,,>.\',il.!lu,...t..~!iI.t~I.!i)(~,..\\Rard.
<br />C htIclc boxi ell) to indkllte limits.
<br />(l) [} If thilIbolt is <,becked. t~ will be no maximum limit OIl changell in the intereoitratcl up 01'
<br />down. The Proliminary Hate rni.,rrod to in lhe Note, will be the new interest rate.
<br />(2) U I~ thi& box ia checlted, the inWl'tlllt rate that 1 flay ~hall not increase more than ...........,,"....
<br />pel'a!ntage POIlUIJ on any RAte Change Date.
<br />(3) 0 [f thie boJ: is eh<<lwd. the interost rate that I pay IIhall not dOCt'lllllM! more than .............~."'"
<br />perceatqe poin~ on tIDY Rate ctwIp Date.
<br />(4) \J If thiiI bu is ~ the in~ rate that I pay Ilball _r be more thau ,..l.~.!.QQ!L.%
<br />!.'turina. th& period lhaW my ~
<br />(5,) {J If tbia bull! eheebd. the interest rate that I pay aball _ be I_.than ...lQd19IL.%
<br />duriut tbe period I have my loan.
<br />($) 0 U this bM is t'heclted. the principal andintererrt payment that I pay ahall not incre8se more
<br />ttan.......""."..... peralnt on any I'ayment Change Date.
<br />('1) 0 If tbitbox iscllecltoo. the principalll!ld interest payment that I pay shall not deereaae more
<br />u.n ................... ~ on tIDY ~t Chanp Date.
<br />Tbemofttblf ~t I'UDI:ItInta will..iWo. ebamce on Payment Change Dates sa prottided in the Note.
<br />..... ~ ebal1pamayOCCUf _ oftentNminterest ratecbancM and/or may be subject to certain
<br />~.." dMeribed in. the Note, tbe monthly paymenu r:r. be in8ufficient lit timea 00 pay 1lcc:t'Uing
<br />~bllIDdt..... .1ID{laid intclrest. it added to the priMM balance of the Note and itMlf wiD lla:mtl
<br />~~. .....-.
<br />......
<br />
<br />L
<br />
<br />.-J
<br />
<br />L
<br />
|