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<br />83':'" lJ 0 4514
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<br />Loan No. m..,~~Q.?~:!:~.?....
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<br />I.INCOI.N
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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 ,.....:??.......m.... day of ............~~9E~~m..m'...wo'.., 19m~}, 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 Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rower's Note to .............................,........................m........m...........................'..................mm'..........................,........'
<br />,g,;:~.!:..~,~.~.!:E~.~...?~:':',~,~!j!'!...~,~<i.,..~,?~.!l..~,~.~9.~J:.~,!=,~~!!..!?,;...~~~.~.?J~"...':':.,!JE.~.!='!:c!m~'!:~E,~.~,..~!?,~P.9.E~.t:.!.9.!!...
<br />(the "Lender") of the same date (the "Note") and covering the 8ropert described in tbe Securi1?( IDstru-
<br />ment and located at ..~,~.~.?:..~~,~,!=...~!:~E~!:!'!.....m......m.........mm........E~~c!..,..~~~,J?c~,...~.~.~E~!'!.~,,~,?..,9.Lm....'
<br />Property Address
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<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:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL...,J.9.~,;?,?.Q.., %
<br />Interest rate changes may occur on the 1st day of .............m................P.~5;~!!\h~LL" 19...!?,~.. and on the
<br />1st day of ............'..'m'..m......~.!:~g.........., 19.~'?m and on the 1st day of ,....'.....m............l.l!P.-~....'m....' 19..,a;..
<br />and on the 1st day of ....m......'mmm.........9.~E!;.~!!\R!LJ;" 19,J??.. 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 .........................m..___~~PJ,e,lI!!:1~,L.., 19Jt~L and on that
<br />date every ....::-==..... year(s) thereafter. Each date on which the principal and interest 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 Interest 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) I!J .MJ~~!;~)?l~..~~.t.~. .~!?~.~,.:::,.~o.!!,t:,J:1J,Y....~,Y.~E~&~mY.~~J~..2.I)...Q.~!?,~..)):~,~,~,l!EL.__..........,..........
<br />See ur~.t:1:~,~,.,?:~J':I.~,t:~~L~,O'..~...<::,O'!!!'!,~,':':~!:...!!l,~,t:~!:,~,~,y...!?,LLy.~~.LP.!!!;>J.:!-.~h~g."RL,t;.h~"..F~.<J,~E~1",~!lf!~x.y.!l,J~g,a rd .
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<br />Check box(es) to indicate limits.
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<br />(1) 0 If this box is checked, there v.ill be no maximum limit on changes in the interest rate up or
<br />down. The Preliminary Rate referred t<l in the Note, will be the new interest rate.
<br />(2) 0 If this box is checked, the interest rate that I pay shall not increase more than "....".m....""
<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 .........un.,,""
<br />percentage points on any Rate Change Date.
<br />(4) lKJ If this box is checked, the interest rate that I pay shall never be more than ...Lk95Q..., %
<br />during the period I have my loan,
<br />(5) !KI If this box is checked, the interest rate that I pay shall never be less than ",9....950.,....%
<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 '."__mm',""" 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 insufficient 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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