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r 0824449-8 ,<~<.,. ,<;" ~- ADJUSTABLE PAYMENT RIDER 83;;;''{) 0 5 02f::. THIS ADJUSTABLE PAYMENT RIDER is made this ...... ~ Q~ I). . . day of ... SI'P'~~P,!!.t; , . . ~ .... . 19.)!3, and is illOOIpOt'llled into and sbaUbedeemed 10 amend and supplement the Mortgage, Deed of Trost, odleed 10 Secure Debt (die. "Seeurity Instrument") of die same dale given by the undersigned (lhe"Bonower") to secureBOlTOwer's AdjlIstabIe Payment NOleIO.. '" . .GQlllJII,!!.l;C;1.AA .Jfl'!l,~t;I1j...sAv1.Pgll .~. ,I,'!l#1I. N3.fiQr.... ..., ....; ... ...,. ;....; . '. . ...... ; .. '" .,.. . .. ...... .. .. .. . ... .. .. . ... (the "I..ender") of the same dlIre(the ':Note") andcoveringlhe property described in die Security Instnlmenl and located at: . .lJ.32.S.Quth. Jh:ang.~. . Gt:a"QQ.lal.alld.. .NehX:llsM .6680.1. .... . ... .. . . . .. . . . . ...... . .. . ... . .... . '." (Propetty Address) The Note Contains ProvISfc)ns AHowIl'l9 ForChaf19'Sln The '00lre8tR8teAnd'1"h8t.1OttthlY PaymerrtAI'IdFor Increases In The Pl1t1cfpalAmount To Be RipakJ~ The Note Also Provides For CalculatlorlsOf lWo SeparateMonthly~~()ne WIlt Be The Amourrt That The Borrower Must ActuallY Pay;a.chMOOth,~(.ltfiiti"'~~~ An Amount That The Borrower Would Pay Each. Month To. FuIlYRepayThe~gtt.~ MaturIty Date. This Means That The Borrower CouIdRepaYMore;ThanThe'~~m1)tItf. InaIIy Borrowed Or That The Borrower Could Repay The Loan Before The MifUritY Date. AoDmONAL COVENA."'-rs. In addition 10 the covenanls and agreemenls made in the Security Instrument, Bar-. rower and lender further covenant and agree a.' follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Noteprovideo for an inilial interesl rllle of . l.l.~, Sections 2. }. 4. 5 and 6 of the Note provide for changes in the interest rate and the monthly payments. aJ; follows: t:;;\-\ >i:..'/( .Z, ~:= Ow~ Ji} J! Interesl ",ill be charged on tbat part of principal whicb has not been paid. Intere'lbwill ~,ctyorged beginning on the dale <>t this Note and conlinuing until the full amount of pnncipal bas been paid. /{'G.w11.!.l\ Beginning on the date of this Nore. I will owe interesl at a yearly rate of :--:--%, Thf'J{e of interest I will OWe will change on the first day of the month of A p r n. . . . . 19 B4 . and on that day every 6th month thereafter. Eacb date on whicb the rate of interest could change is called an "Interesl Change Date." The new rate of interest will become elfective un eacb IntetestChange Date. The rate of Interest r will owe shall not exceed 13.990%. (B) The.lAde", Any changes in the flUe of interest will be based on duwge. in the Index, The "Index "is the weeltly auction averagerale On United .States Treasury bills with a maturily of 6 months. aJ; made available by the Federal Reserve Board. If the Index is no longeuvailable. the Note Holder will choose, a new index which is based upon comparable information. The Note Holder will give me U(>Iice of tbis cbOlce. The most n,,:emly available Index figure as of the date 45 days hefore each IntereSt Change Date is called the "Currenl Index. .. (e) Cakulatloa of In_ Rat., CbaJIces Before ..cn Interest Change Date. the Note Holder will calculllle my new rate of interest by adding J...~Q~.. pm:entage painu 0 ,.502. . %) 10 the Current Index. The NOIe Holder will then round the result of this addition to the _I one-eighlh of one percentage point (0.125%). This rounded amount will be my new rate of interest untillhe UCllllnteresl OwlgeDate. I'xceot that the ".,axim"", interest rate change shall not exceed 13.990%. (I)) .llderat After Default Tbc rate of interesl required by this Se<'lion 2 is the rate I will owe both before and after any defaull described in Seclion 90h below, J. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Holder will calculate my Full Monthly Amount. The "Full Monthly Amount" is the amount of the monthly paymeol tbalwould be suflki<mt ID repay tbeunpaid principal balance of my loan in full at die rale of inlerest I am ~ 10 pay by SectiOI1S 2(A) and 2(e) abow: in substantially equal paymenlS on .OcLIlber.. .1st.......... . 20 J,).which i$ caJIe<l the "maturity ollie". My firsl Full Monthly Amount is U.S. $ . . 502A.l6, . . H .. Before each intenlst ChaAge Dale. die l".oteHolder will calculate the new Full Mon!bly Amount which I will owe each month beginning on the llmmoothJypaymcnnJate after the In_ Change Date. T1uI F/lJi MMihJy A_ / owe ma.~ be more or Ie.. than the amount / am required 10 pay each 11Ionth. Secrion 4 be/ow sIi1I$tIi#_vfl'il)'lIIOIIfhJ.1' pay1M1Il andlww il will dum!?e, SecIiOll 5 be/ow describes how my unpaid prindpal balance wilt;~ lfrJw ammrntolmy I1I<mdIIypay"'''''1 and the Full Mtml/rly Amounl are diffmml. 4..~' .(A):..~~J'Iace!lf.~ t will.-r princitlalaodj/l~bylOllking payments every month. My monthly payments will be applied 10 inl<mst btt'_~. 1 "l'ill.I!illkeJnll moothIypay_ on the lirU dtyof each month beginning on " Noveabu, ..1st.. . ' . .19. ll.,1.., I wiU~~pa)'f/leUl$eVCl')'_1tI U1lti1 I have paid all the principal and interest and anyolhercharges ~,.....l /Ill!)'5,,,~~ lhisNOle,1f I stillowea~!lDder this Note on the malllrily date. 1 will pay ~~infullua~.~ ~ ~coold be g[Cll!el' tIuul. the _01 ,)f.my hUI monthly paymenl bef_ die ~;~ .~MYflIffT..AIfJER.- ~FlimiIy - 1:ml1 -1'lWA uniform ~I (PIton 2>Heg, Am.) ." t~;'