|
<br />I
<br />
<br /><Q1
<br />
<br />Loan No. ,.on:14.Q}J.::A::J.!L...
<br />83-004176
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES INTttEl~ RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES INTHEJN1'l1lRESTM'fE WILL RESULT IN LOWER PAYMENTS.
<br />
<br />This Rider is made this ......5.th.,......... day of ............~t..................., 19.5J..., 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 "Silcarity Instl"1JIl1ent") of the same date given by the undersigned (the "Borrower") to secure Bor-
<br />
<br />rower's Note to . ......... ........'..........,...,..............................., ........ ...,...,. ...... ."'....,, .......... .'....... .........................,...........,
<br />2.irJl.t..Ee.d.ua.l..SaJtingA..IUl.d..Ll>.a.u..AiJ.$.O'l;iJi.~i.Qn.. Q.t. .l..i.n!;Q,Ln..,.~...V.nit.*".Q,.S.t.{I.!;~f!...r;,9.rnQ.r.~.!;.i,.Q.ll,.,
<br />(the "Lender") of the same date (the "Note") and covering the property described in the Se<.'UlttY'Instru-
<br />ment and located at .li09..$.o.u.th...UaJi.......,on,...........on......... ...... ..lJJ;,anli...l.,I>.l..iU).q"...N~Q.r.aaJsiJ...(i!l!l.Q.l,..........
<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 bas an "Initial Interest Rate" oL,...U.,251L, %
<br />Interellt rate changes may occur on the 1st day of .......................... ..,Jlecemb.e1:..., 19..81... and on the
<br />1st day of ,.................,.....,.....M.a.t:eb.........., 19,8.5... and on the 1st day of .....on..,...............1.u.ne........m.' 19..8..5..
<br />and on the 1st day of ..............on...............5.e.p.t.e.m.ber" 19..85.. and on those dates of those months in ever:!
<br />year thereafter. Each date on which the rate of interest may change will he called a "Rate Change Date' .
<br />Changes in principe.l and interest payments to adjust amortization of t.he loan to correspond with
<br />"interest rate ehanges shall be made on the 1st. day oL"".....""....""".".u,,&ep.t..embeLu. 19.85... and on that
<br />date wetty ...."......~_."., year(ll) thereafter. Each date on which the prinCIpal and interest payment. may
<br />c.bange will be called a "Payment Change Date".
<br />Changes in the interest rate are governed by changes in an interest rate index called t.he "Index".
<br />,~ Check bo1(.) to indicate Index.
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes. National Average for all
<br />Major Types of Lendel1J" publisMd by the Federal Home Loan Bank Board.
<br />(2) 00 .Adj.ua,ta.b.lt:".&ate._J5fJ~t.~~~.-:-. _ ,MQn-tJ:\.lx.. .~.Y.\U::.a4~..; -iT~l~t.g.Q.uV.J'.~.tnJ (fU#..~.\U;:):. '.on,_' 0 . -.-<.. ,... .~._'
<br />5e cu r i~_AllJ.uat..eA..t.o...a...~un.o.t.<In.L.")lultll.:ri.t.X.,,.....LJ...s.!i/U..,..11l..QJ.i.l>llg9...!<~.. .tt\!L.f. !:..Q.,u;~.L\{,tHt<,lX.Y.f!,.Jlg.a rd .
<br />Check llox(es) to indicate Iimitl!.
<br />(1) 0 If this box ill checked, there will be no mwmllm limit on changes in the inte.rest rate up or
<br />down. Th1:l Preliminary Rate referred t.o in the Note, will he the new interest rate.
<br />(2) 0 If this bOll: i!$ checked, the interest rate that I pay shall not increase more than ........
<br />percentage points on any Rate Change Date.
<br />(3) 0 I~ this box is checked, the interest rate that I pay shall not decretule more than "....
<br />percentage poults on ~ Rate Change Date.
<br />(4) li:l It this box is checked. the int.elWt rate that I pay shall never be more than ...L~..9,S.Q.... %
<br />dutiJ.lg. the ~ I haw my loon,
<br />(5) ffl.1f, this * is checlted, the interest rate that I pay shall never be 1_ than ...9...9.:iQ...." %
<br />duriQg the period I have my loon,
<br />(Ii) 0 If this * is checked, the principal and intele6t payment that I pay shall not increase more
<br />than ."'m............. percent on ~ Payment Change Date.
<br />(1) 0 If this OOJ; is clulclted. the principalllJld intereet payment that I pay shall not decrease Ulore
<br />than ,.........."..,.... ~t on any Payment Chai1ge Date..
<br />n.~J.l8YDl8llt llJl1OUDt& will a1eo change on Paym&nt Change Da~as PlQVided in the Note.
<br />~.~~~ may occur .lass often than interest rate changes and/or may be subject to certain
<br />limi~., ~. in the No~the InODthI. Y payments n;r.. be i:li.su.lBcient at. times to pay ~ruing
<br />i~ hllIllllh ~ unpeid intere&t is added to the princi balance of the Note and itselI will accrue
<br />~ ~fter.
<br />........c11.
<br />
<br />L
<br />
<br />~
<br />
<br />L
<br />
|