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<br />OG24557-9
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<br />ADJUSTABLE PAYMENT RIDER
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<br />83';;;'. '005560
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<br />THIS ADJUSTABLE PAYMENT RIDER is made lhis .1 ~ th,. day of . . q";?b,,.x: . . . . , , ,. ,. ,
<br />19 .. i:' 3. and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trost, or Deed to
<br />Secure Debt (the "Security !nstroment") oflhe same dale given by the undersigned (the "Borrower") to secure Borrower's
<br />Adjustable Payment Note to . .Tow.cr . f,tn~n"~a,l, J~c, . , . ., ...."".."'., d . . . "' , .. , . . .. . .. .. . . ,. .. .
<br />(the "Lender") of the same date (the "Note") and covering the
<br />propeny described in lhe Se<oUliry Instrumenl :;nd located al:
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<br />. .6.~4~~~q. ~~-.J1~';;~1)'.,. .t!F,<1;r;Q rS.~~~9.,. >;i~~.r.~-!?",-,~. <l;q~9.1..
<br />(Propeny Address)
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<br />The Note Contains Provisions Allowing For Changes In The Interest RateAndThe Monthly
<br />Payment And For Increases In The Principal Amount To Be Repaid.
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<br />The NoteAlso Provides For Calculations Of1Wo Separate Monthly Payment AmountL One
<br />WID Be The Amount That The Borrower Must Actually Pay Each Month. The Other WIIISe
<br />An Amount That The Borrower Would Pay Each Month To Fully Repay The Loan on The
<br />Maturity Date. This Means That The Borrower Could Repay More Then The AmountOrlgo-
<br />inally Borrowed Or That The Borrower Could Repay The Loan Before The Maturity D....
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<br />ADDITIONAL COVENANTS. in addition ", lhe c.o,,'O""" and agn.'ellwnlS made llllhe Secunty !nSlFlllIlent, BOT-
<br />ruwer .and Lender further rn\'t;.'nam ;:md ap-fC'C ~t-",. f,.ill{)w'i
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<br />A. lNTEREST RATE AND MONTHLY PAYMENT CHA,"'iGES
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<br />The Note pl"(wJdc.\ tnr an 1n1Ual mtcrt'~t rate tit ;~_. '} :j@'k S-edlOn'ii 2. ,t, 4, .5 aud t; 01 the Note provide for changes in
<br />the- !fltetest !4l(' and tht' monthh I'}J;'dncnrs. J_~ fnlk~\lw'
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<br />~2. INTEREST
<br />c\ I 1_ O",ft1
<br />lntcn'~t "'Ill t'(~ i:har~t'd l~n lhat p.:m d PfHh..'lpaj Whh.h h;l~ 11-I1{ tx.'Cfi paid. lntcn:\l \\.111 h<.' (ha.rgt.-~ begmnlng on the date
<br />i.)t {hL~ Sou: and \-'l,munu\O~ una! the- 1~!H ~1fn~)tHll 0; rnl'k.lp4J h<i-~ ~c'n p.lu.l '\.,
<br />lkgtnmlllt 1;'1} the date of ttu~ :-..o{(. ! '"-Ill O\lr"t' lntt.:n:"'lt ..t... \-l~.:u-iy t;tl\.~ tit n\c nne of mlen:~( I "ill owe \\'IU
<br />.;'han~ on the ttn.t tla)- of !_hc: f!lHfHh ul -i.l- Y : l..j ;.... ,llltl i ~n that Jay t'\-'t"f'r hth mouth thereafter. Each
<br />\};11(' \'0 WhtLh the' rate pI HHc.n:-..! ,',.utd ,,__h;sn}.l--t' j-. '- ,dku JH fHt\'fI:'~l (]lJJ1~C Dj,tc- rhe nc-'" r,lh: vt IntCR!'\.t W1U become
<br />cUcdt\t' t,n C.ddl lntcn:')1 ChiUl~l: D.ttl" . . ; !;t.H '-)\ci:t:'d t). .oOui~.
<br />181 11w bde>;
<br />An)' chan~"'O to tl'tr r.ltc Ht mten'''! '"-tit h\~ ha~d ntl-t,.h.iin~",--.. H1!OC 1n4.'\ lbe 'fnJt.~\. h the ~cdi..Jy au,:tton average rate
<br />i!.n Unnoo Slatd T:r'.~u.ry bdh. v.lth ~ mutunl\ ~!t tl rHPl1lh'l, A":! mA<l.k- ,pduiahk hv ~tlt: h:-dent! R\.~"\'~ 8oard.
<br />U the lnlk" I~ H-..' kHl~I,:r .l" adahk, :he '\1h.' Hnh.k! ""lil .. h~,,"-h-C <1 fie,"" ltW<:\ \\ hi..:h I'" ha~d Upl1H l..'umpafable mtormatlon.
<br />n~ ~ntc H~\hjt.~r WIU !o!'lH' me: nuhu: ~,; Ow. ..finK":
<br />The ll)O~.l ret..('nll~ <'!\aILlbk it'\\.h:__'- n~uft" ~__.. u! iDt: d-.ltt .;, J.:l~"- bl(.'h'h" c.ah htb:fe"t Ch.angt:' Dale i~ ,,"aBed tht' 'Current
<br />Index
<br />I Cl Cakulatioa of tlllensl Rat.: n,..~
<br />Before cA-il IntereM lluUlge Dale. 1fu:- "'Ol\'"" Ht:~WeJ w;H ,:.tk:uld,h: m:+ at"\\. n'uL: t~t mlt'tt"'lt by .1Jdiog -!.o ~5n2.
<br />pen-('ntag(' puint~ \4 ..)1.)2 ,,~ 1 tn the (. 'urn.~'ut hwc\. 11k" :'\ntc Huhkr ~dl then H\und {he rc~uh of thi-s additK)O lu the
<br />neare~ll}Jl(-ctghth (lr -one pl~n:ctllagc- r~.Jlflt It) l'::'~'-; 1 Thl~ h)W\l..k:U 4UlvUnt "-AIH tx- U'I~ tk'W ntl( of lntere~t until the nexllnterest
<br />ChangeOatc- ,_)o~Cl.pt thJt the' :>'ii.\.:;.'hll.! (\~,L !"~1 .~';"':;i>.' t,;;d i ;)ot ~',X(.>"..,d 1').UOO~>.
<br />tDI IDIemlt After DrUull
<br />The rate pf in'ere~t ~uU'C'd b~- (hi) &-...ti\~n .2 l:~ the l.Jtc I ~ Iii i,\\Il\." t-,)(h t~'-~tfe itnd alter 4UY \1clault dcS\.'nt~d.. in StXtion
<br />9\BI belQW,
<br />3. CALCULATION OF AMOl'NTS O\\t:U EA,(:If \IUSTH
<br />The Note Ho!der \,\'IU I..--;U.;ujal( ffi) hIlI !\'h.Huhl) An~lUnt ~'lC 'ruB \tnlllhly AmouUl" b the aO\\lunl 01 the munthJy
<br />payment that ..""ld be sullktent '" "'1"" ,n" un~""d rril1\:tpaJ halan\:e "j rn~ loan on tuB a' the lale 01 mterest 1
<br />am ~UlJlNi tu p!l:y by Sa.iwn~ l{!\,i anJ 2{C} aw\-c In ~HIO~lh.ujJ (.'yu4i pa)u~nis OJ! ,\(;".it--~i-.-h-~l .'.~{,
<br />10 . ,whkh is (ailed the "nliitufll~ .J-att,'-' ~ty rir.,.t Full Month.!) Amnunt is l;_S. S. l ~j'JV~'-I'~ Befnfe
<br />each Inten;<stl1mn-ge Date, tfit N"Jt.~ Hokicr \io.'iB I.:ah..u-late th< f'~~ run ~k~ttht)- Amount wl"u.:h)1,o\ in l)V.C C~dl month hcguming
<br />on lbe tint moothly llay,,,,,nr Jme atte' ,he inle."" Clllin~c Datc
<br />rht- Full .44-LlfUhi.. AmmUlI! ,-l>>-(''' ftk.l\ ~~, m._'~"{" ,;r ld.~ dum iht" ~;.moum J ..Am l't'f.juind ;'0 !l(1'. f'U' h Hhm!tJ_ St'{ Hpn'; ~liH\
<br />~f~.1 t~ .utkntm (~-I!!f."'~ fli(m1hJy pi;JJ:mcm .inti hf_,,"- if w.H t'hang{'. Sedltm j t~/Oh' d~',~'.. rtl}t-',\ hint "n' UlIfNJi.J I'rtfl{V'tli lxi/uni. I;
<br />",'ill dum~ ;/ the amtml1l aJ'Ift," mLm-lhl_\.' /JtHmOu dM IN Fidi l4(lmhJ" Amount dr-l" d1tfC'nm
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<br />4.l'M'MJ,~'TS
<br />(A) n..lIII4 ~ ..r Pay--.
<br />I ",.u pa~ prinl;tpal and mtere.1 b) nw..mg payn"'nt;. ever) IllUtllh, My """'lhly payment> w.lI h<: apvheJ !o mle",st
<br />hd<n pnoclpaL
<br />I "fill makt my nlWllhly ploy",enll< @ lhe Unt Jay of """h month begmntll!! on :'~)C, lUh.. .: 1.5 t
<br />19 5). I wlllmW lbettc pap""nt. "'ery lll<'Ulh unhl IlIa,e plUd .ll th<: (ll'IOC'paJ alI<l mte"'~l and any other <'harge'
<br />~lbe4 ~"" _I mil)' owe ul\\let Ih.. :>lote. If I .ull "wc atlk.>unI. under llm NUL" on the m.IUlU) ,j"le, i w.ll pa~
<br />~,__. ill filii <Ill tlial_. Tb;...: ""WllDb wukl be t:"""wr Ihllll !be ""KlUDt uf Ill) 1.'lllltfUllti, pa~Il"'''' hdi'lC the
<br />~) ihde<
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<br />AO.lUSTA8LE MYMIHf RIDER - SlngIo F3muy ,-'2;81 - FNMA lJnItorrn 1"'~1 (Plen 2...... Am,)
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