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<br />83-005862
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<br />Loan No. ...j,5.:lIi.5:o.i,::lIL....
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE:~T~~CtJIU'l,'Y INSTRtJMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWlNGFOR CHANGES IN THE INTEREST RATE. IN~
<br />CREASES IN 'I'ltIli INTlSREST RATE WILL RESULT IN HIGHERPAYME~,
<br />DECREASBS IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
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<br />This Rider is made this u..l$.t......u'm. day of ........~~:J::....m............ 19.j)}...,and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trost, or Deed to Secure Debt
<br />(thll' "Seeurity Instrlnnent") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rower's Note to ..............,.."...,no.u.........................'..,....._m....u.............u...u.........'...mu....u.,u....'...m..'m'.."..u..,u....
<br />l!.tt!!!;.. f.~!!~x.~.L.~!!y. t!!!t~'u~,!!~..1.'?~!!.A~. ~.2~J,~."~2JL 2.f. ..r,.~tlc;.'O.~tl.'..}m~tl;~'r:,':':~u~,c."'.!:~~u,~,?:EP.f'E"'.~~f'~_u.
<br />(the "Lender") of the same date (the "Note") and covering the property described in.theSeeurityInstrll-
<br />ment and located at .J.~.Q~.,f'!!!E!!~.~.L..,.,...u....uu....u. ..u,...,.......__.RQ.9.,t.J:!.J.y.!'U:...!i~.P.K~,~.l<?:.,__.?~!!Q;L..,.....-,..
<br />Property Address
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<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security ItIlltrument.Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note bas an "Initial Interest Rate" oL...J1,).'),()..... %
<br />Interest rate changes may occur on the 1st day of ....m....um....u.........F.e.,bE.':'.:':EZ.m,\ 1R~.?m and on tpe
<br />1st day of ,.........u..............__..}~~.'l. ..u...uu.., 19,~.?... and on ~e 1st day of ....u..__................,~~::'.?!:'m...'. 19.~,?..
<br />and on the 1st day of .....u..............m.....u!l2.Y!~."'~.L.., 19..8,:>u and on those dates of those months in ever;(
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date' ,
<br />Changes in princiJJal and interest payments to adjust amortization of the loan to ~rrespond with
<br />interest rate changes shall be made on the 1st day of u..........".................J!g.y.~~9~.L...., 19!L... and on that
<br />date eveq:......::..::.c...::.,," year(s) thereafter. Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<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, Purohalle of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
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<br />SeO<lr J.l;l~~~l\&~~~~~~:~:~~;~~~~:Q:'~:~~~r:;~~f.::::;:~l:.~:~~i:(H(;:;r::t;:\'t;f:~~~~I~~::~~:s:e.~i~:::B.~~rd.
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<br />Checlt box( es) to indicate limits.
<br />( I) 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 />(2) 0 If thiB box is checked, the interest rate that I pay shall not increase more than "".."m.... ....
<br />percentage points on any Rate Change Date.
<br />(3) 0 If this hox is checked. the interest rate that I pay shall not decrease more than ............,.......
<br />percentage points en any Rate Change Date.
<br />(4) IlO If this box is c.becked. the interellt rate that I pay shall never be more than ...U.,.9.:i!L.. %
<br />during the.period I have my loan.
<br />(5) 00 If this box is checked, the interest rate that I pay shall never be less than ..;}",9.:i9m.... %
<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.........."..... percent on any Payment Change Date.
<br />(7) 0 If. tllis hox is checked. the principal and interest payment thet I pay shall not decrease more
<br />than ......._u....."'. peIl*lt on any Paym.ent Change Date.
<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note.
<br />~ ~~ ~gea may occur less often than interest rate c~g... an!l/or ma~ be subject to certain
<br />limitations described 10 the Note, the monthly paymtmts may be msu.fficlent at tmes to pay accroing
<br />interest. In such caae, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter.
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