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<br />I <br /> <br />83~ 005014 <br /> <br />Loan No. ......:lMU.9.::l::1.a.... <br /> <br />r <br /> <br /><Qz <br /> <br />ADJUSTABLE RATE LOAN RIDER <br /> <br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS <br />A PROVISION ALI..OWING FOR CHANGES IN THE INTEREST RATE. IN- <br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS:. <br />OECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br /> <br />This Rider i.q made this.%..t\i.t.h....... day of ..........,..~..........., lR...S..3, 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 Im,t;rument") of the same date given by the undersigned (the "Borrower") to secnte Bor- <br /> <br />rower's Note to ......,.,...,.,.. ..'..'.'...........................'......... ..................' ........'.. ..................................'........................... <br />,.F}:r:!!.~.. .~~~.r.tl..l. .~.a.'!.t "g.s...!.Il<1. ..I"~~'1,. .A,!!'!~~J,?~.t".l}.. .9. f. ..j,,~.f!..<;.Q ,tRL. fA.. UJ)lt.@d.,.s.l;ll.t~>>...c.~.Ql.(u::ll.ti.o.n.., <br />(the "Lender") of the same date (the "Note") and. covering the property deseribedin the 8eeurityInstru- <br />ment and located at ..,9}5...e.,a,~.~..~!1.'\~\'L....................... ,...........G.t.ll!ld..J.!lJan<l..Ji.e:tu:aJiJs.a..6.8a.Ql.......... <br />Property Address <br /> <br />l\fODlFICA TlONS. In addition to the rovenants and agreements made in the Security Instrument, Bor~ <br />rowerandLellder further rovenant and agree Il8 follows: <br /> <br />A.. INTEREST lUTE AND MONTHLY PAYMENT CHANGFsS <br /> <br />The Note has an "Initiallntere>t Rate" ot.......lJ!.k?,Cl...% <br />Interest rate dllUlge5 may oemr on the 1st day of .......................... .....J,\ln~............, 19..8.5.. andolhthe <br />1st day of ....... ',.. ,.....~."P.>;!~~~E... 19J15... and on the 1st day of ..........................llecem.be.r.;" 19..a5., <br />and 01! the 1st day of P'PP''''H':'''.H..J:!~H,~.\l':H'''' 19"IlJL and on those dates of thosel1l(lnths in ever;r <br />year theroo1t.er. Each date on whlcb the rate of lnter€St may chanJte ...~1l be called a "Hate Change Date . <br /> <br />ChanJtee in principal and interest payments to lldjUllt amortization of the loan to correspond. with <br />internst l'llte changes _hall be made on the 1st day 01 .."....."..".....,....tl;\);I;.\.1..."........, 19.a6... and on that <br />date e\"ery .-::-::-:-:::::::::.. )-..arlg) thereafter. Each date on which the principal and interest payment may <br />change will be called a "Payment Change Date". <br />C~ in the int,,"""t ate are gov/.'11"Iled by ~hl\llgtl8 in an interest mte indOle called the "Index". <br />Check box(llS) to indicate lmia. <br />(I) D "Contract lote"",! Rate. Pur~hase of PrevioWlly OL'CIlpied Homes.. National Average for all <br />Major T)"pe$ of Lenders" publi8hed by the Federal Home Loan Bank Board. <br /> <br />See uri tie(i),~.u~i~~~1;;'.~ ~ :~;:~tt~~,,~o:;~~ ~/rt:i:~;it)V;:~4~~:~t:'i~~d:::~;~;~~=~1::~~~;~::R~~rd. <br /> <br />Cheek OOX{es) t.o indkate limit><. <br />(1) i:J If thill box is .:hecked, th<>re will be no maximum limit on changes in theint.erest rate up or <br />down. The PrelirniOll.ry Rate rel..r....d to in the NOle. will he the new interest rate. <br />(2) 0 U this box is cheeked, the internst rate that I pay shall not increaae more than ................. <br />pereenUig... points on any Hate ChAng., Date. <br />(3) [} If this box is chocked, the int.etllllt rail> that I.parshall not dllL__ more than "..",..,,'....... <br />percentage points on any Rate Ch./UIg/: Pale. <br />(4) ~ If this box. is checked. Ill<> intel'tlllt rate that I pay sluUI JUlVill be more than . .1~.QOO,"", % <br />during the period I haw my loan. <br />(5) !!lIt this box is cheeked. the interest rate that I pay shall never be 1_ than ...J..Q..Ooo..... % <br />during the perind I have my loan. <br />(6) {J If t.bi.$ box is checlood, the prin<:ipal and int_t payment that I pay llhall not increase more <br />than ." ~ent on any Payment Change Date. <br />(1) 0 If t.bi.$ box is checked, the principal and interest payment that I pay shall not d~ more <br />than ..._,.,.w..,'. ~t un any. Payment Change Dail>. <br />The DlQBthly paymwt amounts will also change on Payment Chanlle Dates as provided in the Note.. <br />Beawse payment.cba.agea may Ot'Cltr '- often than. interest rate changes and/or may be subject to certain <br />l.iW~tioM deecribed. in the No.te. tha monthly pavmtlllts mall beinBtttlicient at times to pay accruing <br />in~ In-n..-. unpaid lnterestis added to tf.e pr'.ncipeI balance of tha :Note all.dit.lM!lf will accrue <br />interest themaftet. <br />-... <br /> <br />u <br /> <br />L <br /> <br />L <br /> <br />-1 <br /> <br />L <br />