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83005662
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83005662
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Last modified
11/19/2008 8:34:02 PM
Creation date
11/19/2008 8:34:01 PM
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DEEDS
Inst Number
83005662
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<br />83-..: 005Sf2 <br /> <br />Loan No. ....??~.??:~::~,~w".. <br /> <br /><Q: <br /> <br />ADJUSTABLE RATE LOAN RIDER <br /> <br />NOTICE: THE SECURITY INSTRUMENT SECIJRES 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 \\'ILL RESULT IN LOWER PAYMENTS. <br /> <br />This Rider is made t.his .........2ls,t...... day of .......w.Q;?~J:......w.m...... 19,Jl.;L, 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 S&."Ure Bor- <br /> <br />f!i~~~lJ~~~r.~~::~~:~~~~:s.::~~~::'f~~:::~~~~:~~~EI9:~::c;(:~:i;.;~o:i:n;:;::~:::ijn.~~~~:::~~~:~~~::~:?!ci~E:~~~~:n;:::: <br /> <br />(the "lR.nder") of the same date (the "Note") and coveringthepro~describedintheSecurifa'Instru. <br />ment and located at ? ~~ "C1:>.e.r.~~.e.e........'...m.m......m...". ... ........"G.:r~.ll~.....s,~.a.!!~.!...Il~1?~.~,~~~...?~~,J........... <br />Property Address <br /> <br />MODIFICATIONS. In addition to the coverumts and agreements made in the Security Instmment, Bor- <br />ro_r and Lender further covenant and agree a., follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />The Note has an "Initial Interest Rate" oL...tt,.2}O, c;, <br />Interest rate chanJles may occur on the 1st day of ......', J\l~",.. .......... 19.~5.... and on the <br />]st day of .... .........?~l'J.~.\l!~.L. 1~?.... and on the 1st day of .. .....m.P'~,S"'!!'.1?"'!':..... 19.!!.?.. <br />and on the 1st day of '" ..................t't,'H,JL..m'.. 19.tlf>... and on those dates of those months in evel}' <br />year thereafter. Each date on which the rate of int.ert.'St may change will be called a "Rate Change Date'. <br /> <br />Changes. in prim..ipal and interest payments to adjust amortization of the loan to rgrrespond with <br />interest rate ('hanJ:e8 shall be made on the 1st day of ."..q.........".d.,J:\"....t:!;.h..'ddU'. 19<!"u and on that <br />date every .-:--:.~-:. year(s) thnee1ter. Each date on which the principal and interest payment may <br />eha.nlle ",ill be called a "Payment Change Date". <br /> <br />Changes in the interest rate are governed by chan:zes in an interest rate index called the "Index". <br />Check box(t>;;l to indit:ate Index. <br />(I) r~~ "Contrnct Interest Rate. Purchw;e of Previously Occupied Homes. National Average for aU <br />Major Typell of Lend_" publiahed by the !,'edellll Home Loan Bank Board. <br /> <br />See u r It t~~2~dj-1.~j~~:'''t;;~.~~~a~i~:~tt =a:u;f~;b,:r .t7:aa:"p '~'~lV :h;~..~;.\h:~~:~:~~~~:il;e ~~r:~e::. ~:~~ rd . <br /> <br />Chock box(es) to indicate limits. <br /> <br />( ]) [J II this box. is checked, there wiil be no maximum limit on changes in the interest rate up or <br />down. Tht' Preliminary Rate reierl1>d to in ihe Note. will lJ<, the new interetlt rate. <br /> <br />(2) [J If this box is checked. the intllffl!!t rate that I pay ,hall not increase more than u...".......... <br />pe~ntage points on any Rate Change Date. <br />(3) '-: If this box is checked. the intel'<JOlt rate that I pay shall not decrease more than u <br />percentagi points on any nate Change Date. <br />(4) ::0 If this box is cbecked, the inte_t rate that I pay shall never be more than .J.~:.~.?gu... % <br />during the period I have my loan. <br />(5) {J If thie box ill checked. the intemlt rate that I pay shall never be IC6iI than ,.9."~.59..,,. % <br />during the period I have my loan. <br />\ 6) [J If this box is checked. tbe principal and intere;t payment that I pay ,hall not increase more <br />than.". pereent on any Payment ChaDge Date. <br />\ 1) U If thill box is chet.,ked. the princtpal and interest payment that I pay shall not decrease more <br />th:ul _.m_.".~"..""... ~t on 1!"Y P~y~t Cr~*1g~ DAte. <br /> <br />The monthly p&yment IllOOWlt!l will ~ ,.hMt~~ on Payment Cha..n~e Dat~ as provided in the Note. <br />~ paymeot ehanps may oceur 1_ often than intere6t rate cP..Atlges and/or mav be subject to cilrtain <br />limitatiooa d!l9ttibed in t~ ~ote. the. monthly payments ~nllY be insullkient ~t times .to pay. accruing <br />mt.tmst. In such cae, UlIP81d lnbereb"t IS added to the prtnclpal balance 01 the Note and Itself will accrue <br />interult thereafter. <br />-- <br /> <br />u <br /> <br />L <br /> <br />.-J <br /> <br />L <br />
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