|
<br />I
<br />
<br />S&\>~ 002192
<br />
<br />Loan No. ____5148Z,.,bJ.8...,..
<br />
<br />~
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURES 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 PAYME~
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMEN'l"'S.
<br />
<br />This Rider is made this ____)~____,__.. day of ..m__'__'...__.......~;i,L...._.., 19,!M,." and. ~,
<br />into and shall be deemed to amend and supplement the Mortpge, Deed of Trust, or Deedto....',J1)iItjt
<br />(the ''Security Instrument") of the same date given by the undersigned (the "Bo-r") to.......-
<br />
<br />?l!'!?.~~r.~1:::~#~~8.::~~::~~~n.::~:8!i~!~!J~~::~~:.:L.~~~Iii:;::~:::~!!!~::~!~i~:;~t~~L
<br />(the "Lender") of t'1 same date (the "Note") and coveriDgtheproperty~III"S!iI! :~"f~"
<br />ment and located at __~~_.Il_?J:~II.__I;C)c:~.l1~..___.._m____..__..__._____....._,!lraH..IAl.1llL....._.Iilli..;~;..':'.:;.
<br />Property Add.- -
<br />
<br />MODIFICATIONS. In addition to the covenants and agreements made in the Seeurityl~;~o
<br />rower and Leader further covenant and agree .. follows: ' --
<br />
<br />.::.~~i;~~~;
<br />..,t
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" oL...g.~.4_o.()...._ %
<br />Interest rate changes may occur on the 1st day of ____............m'...m...'~.&Y!.L......, 1..!I~.. BIIiIlt..',
<br />
<br />~~ ~: :l;l~t.~;.~f.::'::::::~~:~~::=~~::~lr~._,:_'__-.: ~:~r..l:~:. ~~.-~t;..~f..te;~~F-
<br />yesr thereafter. Each date on which the rate of intel'est may cbaDge will be called . "Rate~,- -: _' ,~; ---
<br />
<br />in~= ~~~ ~=:t ~fJ:y~f~~j,~~__~~~~..~_,.I~,,~_....__
<br />date every ___====,___ year(s) thereafter. Each date on which the principal and in....~,
<br />change will be called a "Payment Change Date",
<br />Chaqea in the inteft8t rate are governed by changes in an inte_t rate indes caUed the "JJadB".
<br />Check boll(.) to indicate IndeL
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied HOIIIeII, Natiaaal A~,flil\".
<br />Major Typ. of LendeD" publiahed by the Federal Home Loan Bank Board.
<br />(2) U ~J~.~,~~!!!~..,~~.f!m~\?~~..:::.. ~l?,~~b,lY,_.!!l!~X,""Il._yJl!l.I.lf,..\ln.,y.,.:;!.!...tx.u.IJ.a...liA1\.\\1!U_,._
<br />ad just_~~m~~..!:..~~"'(lt:~~L"!!!tu,!:gY..,~f...1. ,.Y,~!!X,. p.!!p.H~b~!LllY....~b.l!l.,f.~9;UAJ..11,IlUntl..kulb.....,....,..._...
<br />Check bastes) to iDdicate limit.. ,_;0'.,_
<br />( 1) 0 If this boll is checked. there win be no lI18llimum limit on chan&ea in the in.......'.,.,
<br />down, The Preliminary Rate referred to in the Note, win be the new inte.-trate. '. "
<br />(2) 0 If this boll is checked, the interest rate that I pay shall not incnue mole than ......'.............
<br />percentage points on any Rate Change Date.
<br />(3) 0 If this boll is checked, the interest rate that I pay shall not ~ mo. than ..........,.........
<br />J*alIlt.qe points on any Rate CbaDge Date.
<br />(4) U If this boll is checked, the inte_t rate that I pay shall never be _ than.1J;.~;.....~
<br />durin& the period I hav. my loan.
<br />(5) Kl If this boll is checked. the inteft8t rate that I pay shan never be 1_ than .0,...........-..,"
<br />during the period I have my loan.
<br />(6) 0 If this boll is checked, the principal and interest payment that I pay shall not incnue more
<br />than __._ percent on any Payment Change Date.
<br />( 7) 0 If this boll is checked, the principal and interest payment that I pay shall not decJNlIe more
<br />than ....__..._....... percent on any Payment Chance Date,
<br />The monthly payment amounts will also change on Payment Change Dat. as. provided in the Note.
<br />Beca_ paymentchangee may occur 1_ often than interest rate changes andlor may be subject to reNin
<br />limitations d-mbed m the Note, the monthly payments may be insufficient at times to pay accruinl!
<br />inten.t. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />illt_t thereafter.
<br />
<br />-:-:~~f'~:ij~
<br />
<br />'~z,--.::t;:-:;-;
<br />_~__,_i;;"
<br />
<br />:~~'c
<br />
<br />
<br />
<br />f~lftJ\ S4S
<br />
<br />u
<br />
<br />L
<br />
<br />~
<br />
<br />L
<br />
|