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<br />83-n03836
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<br />Loan No. .....~.?8.~~~.~,-::~~w.
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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 ..:21.~t:.,.....",.. day of .M.;!11J.Y...... ." 19J:l}.., and is incorporated
<br />into and shall be doomed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt
<br />(the "Seeurity Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />YJ;~.~~~e~~~:::s.~~!~"*-~::~~~:: ~~~~::~~:s:c;# ~~:t:~:~~::?!:::i~r.~~:O:i.~:;:::a:::u.#~~:e.~::~:t:~~~.~:::~~~pi):~~~!i):?::
<br />(the "Lender") of the 1m ~f&J;I,re?~c:,~~~eand covering the g~~r7lf~e;n~~N~b~h:s~,tgofstru-
<br />ment and located at ....'................................................... "".".' .......'.....'.... ............ ..... .....m.m.............,..,..................
<br />Property Address
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<br />MODIFICA'fIONS. In addition tn the covenants and llgreements made in the Security Instrument, Bor-
<br />roWe!' and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" oL.w..l1.~.Z.5.()..%
<br />Interest rate changes ~~ occur on the 1st day of ,.....,....."'..m....."'..JJe."E;!".~e.~, lL~~. and on the
<br />1st day of ....,.........................:,l!.....,,~........., 19..~.5.. and on the 1st day of ,..............m._}.':!Il~.....,....., 19.../}.?
<br />and on the 1st day of ..........m.....m'.......},e.P~"'!".~.r, 19.,.~5.. and on those dates of those months in evelJ
<br />year thereafter. Each date on which the rate of interest may change will he called a "Rate Change Date' .
<br />
<br />Changea in principal and interestpayment.s t<:1 adjust amortization of the loan to core;:pond with
<br />interest rate changetl tiliall he made on the 1st day of ..........................,....s.~p..t.e.~1?~.r..., 19..!'!m, and on that
<br />date every ....:::::::::::=:-,.. year/a) thereafter. Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />Chllllge& in the int_t rate are governed by changes in an interest rate index called the "Index".
<br />(''hock box(ell) to indicate Index.
<br />O} [1 "("-ontract Int.erest Rate, Purehase of Previously Occupied Homes, NatiolUll Average for all
<br />l\.fsJjor 'I'ype$ of Lenders" published by the Federal Home I..oan Bank Board.
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<br />secllr.tt~~;.)~~J~l~~::i~a.~:.i~~~~~l~t;a,;~if::;:hJI:.C;;:r~#N:~;.;t:~;~t~r~;;:~i~x.~~~~:rv.~:~2ard.
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<br />Cheek box / es) to indieate limi ts.
<br />(l) D If thitlbox 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 (,he new interest rate.
<br />(2) 0 If tbis box is checked, the intererrt mte that I pay shall not in~:rease more than .
<br />l~lWlltage points on any Rate CIumge Date.
<br />(3) 0 11 thiabox is checked, the interest rate that I pay shall not decr_ more than ................
<br />~tage points on any Rate Change Date.
<br />H) [!!l.lf this box iscllecked, too intel'ellt rate that 1 pay shall never be more than ...1{!,&Q,(L, %
<br />duriag the period I have my klan.
<br />(5) OJ If this box ill checked, the interest rate that r pay shall never be less than .J!hP.Q.Q.. %
<br />mmng tbe period I have my loan.
<br />(6l. on this box i.~ checked, the principal and interest payment that I pay shall not increase more
<br />than ..........m<.... pereent On any Payment CIumge Date..
<br />(7) 0 If this box is checlfed, the principal and interest payment that I pay shall not decrease more
<br />_ .".~<,_"........~t ouany Payment Change Dllie,
<br />TbIlmontbiy ~t l:I!llOlU\w. will also change on Payment CIumge Dates as provided in the Note.
<br />.a-. _..'. ..pllytnt1D..., . .. t~...es :Ei8. ll)jl. '..000. ,"..lellll o.!ten. . than. ..inte.!ret!. tratechall.. gee and/ormay besubjec:t to certain
<br />limltetiI:IM deseribedin the Note. the monthly payments mar be insufficient at titnell to pay accruing
<br />i~ In llWZh. t8IIe, unpllid interest is. added to the principal balance of the Note and itself will accrue
<br />in~ thereafter..
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