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I" 83...Jj06112 Loan No. ....~.?flM~.::J.=l.l;l....... ~ UNCOI.N ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY Th{STRUMlilNTSECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING. FOR CHANGES IN THE. INTEREST RATE. IN- CREASES IN THEcINl"}i::REST RATE WILL RESULT IN HIGHE:R PAYMENTS. :DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this .....J.5tb............ day of ......Na~.............m....' l~:.L., and. is . incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Sec::ureDebt (the "SeCurity Instrument") of the same date given by the undersigned (the "Borro~er")tosecureBor- ~!;~~~~~:r:~.::~~~~~~~::~~~::~?~~::~~~~~I~~~9~::?~:~~:n;e.?~~:;.::~::~:#~~~~:~~~~:~~::~~:~p-'~!~~~~~:::: (the "Lender") of thg ~me date (the "Note"l and covering the propertydescrihed in the Securif[Instni- ment and located at ...~....~~.~.~...~~~~~~~.~m~~...!~.............m........~!:!!!:'.<!..~!!.~.?:~!!....~~)?!:'.'!-.~.~...~~~..l........... Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instniment, Bor- rower and Lender further covenant and agree as. follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" oLm!!....?5.()..... % Interest rate changes may occur on the 1st day of .....m....m............m~!'!E,,~..........., 19,~?,., and on the 1st day of .....................m.m..,J.!!!}~mm....'m' 19\1.?.... and on the 1st day of .....................m~.~.P.!:~!!'l>.~!:.., 19.~:?.. and on the 1st clay of _.............................p.~.<;.~.1!!!?~!:'....., 19.?5.... and on those dates of those months in every year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date". Changes in principal and intel'P.St payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the 1st day of m..........m...............D.e.c.lllll.b.~r......., 19!1.?m. and on that date every ..:::::::::::::-.::...... year(s) thereafter. Each date on which the principal and interest payment may change will be called a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rate index called the "Index". Check box (es) to indicate Index. (1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" published. by the Federal Home Loan Bank Board. (2).J[:; -M.i!!J!.t;.""!!A~mfu\J&..~QJ;~...::..!'!9Jl~.hAL!!Y~.!.?.&!l. .YJ.~A!!. ..9.!!..!!.~.~~...:rE~?!!..~EY.......................,..... SecuriJ;.lM..!J.cj.j,Yli.t.i'.d..t9...a..!:9.\Utl:llJl.t....lIIa.t!,I.l::iJ;y:...Qt..J. .y:.~aJ:..lI!J.illi.".Qft!!..J;)y...!;)J."'..,.f.~!!~.!.""A..J!..?l'!l!.y."'...~Q*rri . Check box(es) to indicate limits. (1) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or down. The Preliminary Rate referred to in the Note, will be the new interest rate. (2) OIf this box is checked, the interest rate that I pay shall not increase more than .................... percentage points on any Rate Change Date. (3) 0 If this box is checked, the interest rate that 1 pay shall not decrease more than .........m........ percentage points on any Rate Change Date. (4) 1{J If this box is checked, the interest ra~ that I pay shall never be more than .U~95.Q.,... % during the ~ I have my loan. (5) 1{J If this box is checked. the interest rate that I pay shall never be less than ..9...950........% during the period I have my loan. (6) 0 If this box is checked, the principal and interest payment that I pay shall not increase more than .................... percent on any Payment Change Date. (7) 0 If this box is checked, the principal and interest payment that I pay shall no.t decrease more than ..m...'........... percent on any Payment Change Date. The monthly payment amounts will also change on Payment Change Dates as provided in the Note. Beeause payment changes may occur less often than interest rate changes and/or may be subject to certain limitatiolis described in the Note, the monthly payments may be insufficient at times to pay accruing interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue interest thereafter. POnnlMll u L L --3 L