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83- 004504 ADJUST ABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 19th.... day 01 ....1\ugus:t............................, 198.3....., and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note to ..HQt1Lf.~D.f:.RP...L5Ay..mGS...&..J,..Q8H..8S.S.QkJJ.\IlQN...QE...GRAHU...r.S.I.AHU... ................................................................................... (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and located at: ..).@!L.~Q~.t.h.Jng.i.n~...#.?.....~r.i1-.mLJ.~.1.i1-.ng.,...t!.~~rg.~~g......9.?89.L......,............................................................... (Property Address) The Note contain. proYl.ions ..lowing for chang.. in the intere.t rate. If the intere.t fate incfll...., tlte Borrower's monthly payment. will be higher. If the inter..t rate deer...... tlte Borrower'. monthly paymentl will be Io_f. ADDmONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument. Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of .11~2.5...........%. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Change Dates The interest rate I will pay ma}' change on the ..1.$.1;.................. day of ....Q.<;.J;Q.b.!:L........................ 19B.!L... and on that day of the month evety ..l~..........,......... months thereafter. Each date on which my interest rate could change is called a "Change Date." The minimum rate charged will be no 1 ess than 9.5% and the maximum (B) The faa~f charged will be no more than 14.5%. Beginning with the first Change Date, my interest rate will be based on an "Index." The Index is the weekly average yield on United States Treasury securities adjusted to a constant maturity of ...D.oe................. yea~ as made available by the Federal Reserve Board. The most recent Index figure available as of 45 days before each Change Date is called the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of its choice. (C) Calculation of Cbulles Before each Change Date, the Note Holder will calculate my new interest rate by adding .Ihr.e.e...................... .............................................. percentage points (......3...............%) to the Current Index. The sum will be my new interest rate., rounded to the nearest 1/8. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am expected to owe on the Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. . (D) Elfedpe Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (E) Notice of Changes The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date; (Iii) any additional matters which the Note Holder is required to disclose; and (iv) the title and telephone number of a person who will answer any question I may have regarding the notice. B. CHA~GES; UENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charaes; Uens. Borrower shall pay all taxes, assessments, and other charges. fines and impositions attributable to the Pro~. which may attain a priority over this ~curity Instrument, and leasehold payments or ground rents, if , any, intbe manner provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts doe under this pata!lraph., and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receiJXSevidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Imtniment; however, BorroW(!r shall not be required to discharge any such lien so long as Borrower: (a) shall agrce in wrirln. to the paymelll of the obligation secured by such licn in a manner acceptable to Lender; (b) shall III good GENEJW. fORM-fKlMC UNifORM ADJUSTABLE RATE lOAIf-(TRlASliRY 1ff!)fX) -3/83 "