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<br />Loan No. ......5."96J~.1~L8.....
<br />83-' 005399
<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 IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
<br />
<br />This Rider is made this n.nn9th....n.n. day of m'nmm'....,~........m, 19..ilJ.., 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-
<br />
<br />rower's Note to ......'...........mmm..m....mm..n..m..m.....m'......n..........m....m.'..'...n.'.'...'..'mmmm'mmm.mm....'........
<br />...f.:hr.ll,tJi:~g~.r,{l.L1!,..y.h!!&!Lij\n4..1,9.ij\n..A.!,H!Q~.tij\t.f.QJL9.LLi.llC.o.lu,'.na..Un.i.t.e.d..S,t.ates...c.arpoJ:atinnn,
<br />(the "Lender") of the same date (the "Note") and covering the property described in the Security Instru-
<br />ment and located at n!!YJn~)),.,IA!;J.JJ-.Y....mm...'.'.......,.. ...,",n.,',..,n,j,x),lud..~s.land.."lIell.t:.aska..688j)l.....'.n.
<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 ANn MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" oLn..12~25D.m %
<br />Interest rate changes may occur on the 1st day of nnm......n..mnnnm..J.une.m.n..n.' 19..8500 and on the
<br />1st day of nmn'n....nnnnn..nmS,e.ptemher., 19.85m and on the 1st day of mm.mm..n........~..III~l'm' 190085-.
<br />and on the 1st day of .n...mmn'n..............Marc:hnm.m' 19..8b.. 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".
<br />
<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 nnnnn....nnnm.mmnMacch.m.'.'.n.., 19Z6.., and on that
<br />date every m':::::::::::::::n'" year(s) thereafter. Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />
<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) IKI .Mi\!1l,~,.,\>,j&..g..{lJ,~,.N9.~,~..::,J:t9.nJ;.I)JjTni!.v.eJ:ag!:,..l'.f.!:.LJL,o.u.JJ..,s...,. IX.e.asllr,y..". .,.,. ....,.. ....,. ..,..
<br />Sec uriU,e.S..,1Idj,v.atelLt,Q..g"S,QDS.C,'iDtnJ1katuJ:HjT,.QL.L.y,e.aLp,ubLLs.he.dnhy..,thB.., Eedaral..R.e.s.ec>l""Zoa rd .
<br />
<br />Check box ( es) to indicate limits.
<br />
<br />(1) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or
<br />down. The Preliminary Rate referred to in the Note, will be the new interest rate.
<br />
<br />(2) 0 If this box is checked, the interest rate that I pay shall not increase more than nm.m.m'.'..n
<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 .........nm......
<br />percentage points on any Rate Change Date.
<br />(4) IKl If this box is checked, the interest rate that I pay shall never be more than ..J,3~,C).f>0:..,. %
<br />during the period I have my loan.
<br />(5) IKl If this box is checked, the interest rate that I pay shall never be less than ..9~.c)'f>O....... %
<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 ..m""",'m'm percent on any Payment Change Date.
<br />(7) n 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 />
<br />The monthly PaYIllent 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.
<br />FOI]J] B43
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