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<br />83-rlO6212
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<br />ADJUSTABLE RATE RIDER
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<br />1'HIS AD)USTt\BLE RATE RIDER is made this ,.,lEith. day of .,.....,..,l\lovemblH',..........,...., 19,.,6~"
<br />.ildis inrorpOf3tedinto and shall be deemed to amend and supplemenl the Mongage, Deed of Trust, or Deed to
<br />SecUre Debt (the "Secur;ty Instrument") of the s.medalegiven by the undersigned (the "Borrower") to seeUf~'
<br />&rrower's Adjustable Rate Note to ..J:!Q!'!IfJWERf.\L..5.I.\\lIJ\JGS..k.LD!\i\I,..!\SSOClAT.IllN..0f...GRAND..,15t;AND...
<br />.....,....,............................... ........................,..... (Ihe "Lender") of' Ihe same dalc (lire "Noie") and covering the
<br />property-described in the SecurilY Insrrumelj( a.ndloc~te<! at;
<br />f,,- "-f' ,,--, " ~
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<br />,.".... ,...... .... .;?,5,Q\'i.J.?;'i.t.. .?~,t:l.Q.~ .ing. .!:lU",.".. G;umd. ,.1 slal1d... J\!E: ..6.88D.l....... ... ,...."........,..."........,.. ...... ..... ''', ,...
<br />(Property:Addr.ss t
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<br />The Note cootains provisiona allowing tor changes in Ihe intereat rate. It the interest rate
<br />illera_a,the Bcrrower'o monthly payments will be higher. It tho inlsreut ra~o
<br />'d$crllalles; the Borrower's monthly payn>'Jntswill belowar.
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<br />ADDITIONAL COVENANTS. In addition 10 the covenant and agreements madein the Security InStrument, Borrower
<br />and Lcnderfunher covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PA YMENT CHANGES
<br />
<br />The Note provides for an initial interest rale of ....llAOD..,....%. Section 4 of the Note provides for changes in the
<br />interesnate and the monthly payments, as follows:
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<br />4. INTEREST RATE AND MONTHLY PA YMENT CHANGES
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<br />(A) Change Dates
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<br />The interest rate I will pay may change on the ....J'?t............... day or ............J.?[)hl.?J;l!....................19 .....\1::1, and
<br />On tnat dayofthemonth every ......1.2................. months thereafter. Each date on which my interest rate could change
<br />is caJled} "Change Date."
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<br />(B) The Index
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<br />Beginning with the jim Change Date, my interest rate wiil be based on an "Index." The Index is the weekly
<br />average yield on United Slates Treasury securities adjusted 10 a constant maturity of ...........ons...,..... years, as made
<br />available by the Federal Reserve Board. The most reeenl Index ligure available as of 45 days before each Change
<br />Date is called the "Currentlndex." The minimum rate charged will be no less than 9.5% and the
<br />
<br />If the Index is no longer available~~l'Wo~e }fo~aerc~~f\llr80s't!V~e~~n&'~x WilfeEfi ~'b9PseJ~J:>%~ .comparable
<br />information. The Note Holder wi!! give me notice or its choice,
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<br />(C) Calculation of Changes
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<br />Before each Change Date, the Note Holder will calculate my new interest rale by adding t.w.q..i?nQ...Q.IJ~::,.I:l?!.f
<br />....................,.c....................... percemage points (.........2.5,......90) to the Current Index. The sum will be my new
<br />interest rate. rQunded to the nearest 1/8%.
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<br />The Note Holder will then determine the amount of the monthly payment Ihat would be sufficient 10 repay in full
<br />thcprincipaJ I amexpecled to owe on the Change Date in subslantially equal payments by the maturity date at my
<br />new interest rate. The result of this calculalion will be the new amount of my monthly payment.
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<br />(D) Effective Date of Changes
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<br />Myndw interest rate' will become effective on each Change Date. I will pay the amount of my new monthly
<br />payment beginning on the first monthly payment date after the Change Date until the amount of my monthly
<br />payment change> again,
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<br />(E) Notiee of Changes
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<br />The Nole Holder will mail or deliver to lIle a notice before each Change Date, The notice will advise me of:
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<br />(i) the new interest rale on my loan as of.' ~le Change Date;
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<br />(ii) the amount of my monthly payment following the Change Date;
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<br />(iii) any additionalmauers which the Note Holder is required to disclose; and
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<br />(iv) the titl<: and telephone number of a person who will answer any question I may have regarding the
<br />nOJice.
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<br />B. CIiA.Rc;l'S; DENS
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<br />Uniform Covenam 4 of the Security Instrument is amended to read as follows:
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<br />4. Chllfllcs;Licns.BQrrower shall pay aU taxes, assessments, and other charges, fines and impositions attributable to
<br />thll~mperty which may auaina priority over this Security Instrument, and leasehold payrncllls or ground rents, if
<br />any,il\the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment,
<br />w:jlel)g~c,4i~ecdrtQthcpayee thereof. Borrower shaUpromptly furnish to Lender aU notices of amoums due under
<br />t~~'Par*;rapl'!, anll.iIltn,c event .l3orro",~r shan make payment directly, Borrower shall p.omptly fil[nish to Lender
<br />r~cSip~,.ev,i~e.ll~ingfuSllpaymcIllS,Borrower shall promptly discharge any lien which has priority over this Security
<br />ll\$irnPlclrt;hQwever, Borrower shan not bcrequired 10 discharge any such lien so long liS Borrower: (a) shall agree in
<br />w!itillgJo th1: .paYmem of the obligation secured by such lien in a manner acceptable 10 Lender; (b) shall in good
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<br />. ..G~..~~HlR~f~lNp.u,.IfOa"'~()Ju,SI~BlLRAT~lOA~-(TREASllRy lNPEX)-3/83
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