|
<br />I
<br />
<br />Loan No. ..,.S803Ir-l-l&......
<br />
<br />
<br />r
<br />
<br />Qz
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />84..... 001314
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE W'HI(lH ~i
<br />A PROVISION ALLOWING FOR CHANGES IN THE IN'I'BRBST U'l'BlUt.,;.
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HlGmmPA~,
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWBR"PAYIifJI!IlI'S;'
<br />This Rider is made thi8 .. __..'e!~et:'n... day of ..ne'...nee..n'e.....~Y.'..o..o.,.o. 19..~~~. ... Ia ~.
<br />into and 8ha1l be d~ed to amend and 8upplement the Mortgage. Deed of TruIt, or Deed:to~-"",
<br />(the "Security Instrument") of the _ date given by the undeniped (the "8omMw") to-.....,....
<br />ffi~~e;;1:.rt;(:~:a:\1~~:::~iiii::~~~::~~~?~i~~A~~:~f::~i~9.!~:::~::~~Y!i::i~i_;~t~:
<br />(the "Lender") of the same date (the "Note") and coverinltheproperty~iatlle~"""
<br />ment and located at e3,!~3,l),(}"e.t;,.. e en e.. ........ ...,.. e e"o' 'e.....'..__.....Gr.aJId.,.lal.aAdp..Bahn.aka..6BID1-.~_...~.
<br />Property A~
<br />
<br />MODIFICATIONS. In addition to the covenants and ~ts made in the Security I~""
<br />rower and Leader further covenant and agree as follow8:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initiallntel't!llt Rate" oL...lh:i't,Q......%
<br />Intel't!llt rate changes may occur on the 18t day of 'e'e.....e................e,A\l&ll8.t........... 19115.-. and.._
<br />18t day of 'e......e .. e,e".\!){eIllbet...... l!Ji~.... and on the 18t day of ..e..n.....n.....e....EeJm&.aq...... 19.16...
<br />
<br />~:r otb:::.~, ~chf da~..~n';hicl...u;,t'-::~~fiii~~~ay ~= ::nbe ~~Iedfa ~ II~="~
<br />in~~ J::.::~ct ~ ~::': ~~n~ <<:,..~j~..~~~tio.::..;~..~,l~,.~~~.==
<br />
<br />date """"Y. _ -.-::--:::-::--::,.. -- year(.) theJ'tlllfter, Each date on which the principal and in~ pa~ ~
<br />change will be called a "Payment Change Date",
<br />
<br />Changes in the interest rate .,., governed by changetl in an intere8t rate index called the "Inda".
<br />Check bolt(8Il/ to indicate Index.
<br />
<br />( 1) [; "Contract lntel't!llt Rate. Purchase of Previously Occupied Homes. National Avenge for all
<br />Major TypM of Lenc:\eJIJ" published by the Federal Home Loan Bank Board.
<br />
<br />(2) l{J Ad.jus.t.a.bl.e.eJl.aL~elll.atee:c- Monthly. e ",,,,u34'. eYJ.a.l4. .oA..li.S...:J:J:e..a.u;~..Sacud.tJ.a......
<br />ad j us t ed . to ~.e "!e _ e~.~!lollJ."ULMI.II.d,tY. ..Q.te. J.e.~ ear. .Ileu.bl.i.she.d.. by, 0 .the.,.Feedeu.l.Jle.auve. ...aoar.d.........e 0..... ....,.
<br />
<br />Check bolt(es) to indicate limits.
<br />
<br />( !) [] If this bolt is checlted. there will be no maJ<imum limit on changea in the interMt rate up or
<br />downe The Preliminary Rate referred to in the Note. will be the new interest rate.
<br />
<br />(2) [] If this bolt is checked. the inte_t rate that I pay shall not increase mom than .................,.,
<br />pcn-entage points on any Rate Change Date.
<br />
<br />(3) [J If this bolt is checked, the interest rate that I pay .haIl not decreue more than ...eo....__........
<br />peM!lltage points on any Rate Change Date.
<br />
<br />(4) 1J If this bolt is checked, the interest rate that I pay .haIl never be more than ,U.llSO...,., %
<br />during the period I have my loan,
<br />
<br />(5) tJ If tbis bolt is checked. thd interest rate that I pay shall never be 1_ than ~.................%
<br />during the period I have my loan.
<br />
<br />(6) [] If this box is checked, the principe! and interest payment that I pay 8haIl not increase mom
<br />than . percent on any Payment Change Date.
<br />
<br />n) [] If this bolt is checked, the principal and interest payment that I pay &haIl not decrease more
<br />than ....,__.. percent on any Payment Change Date.
<br />
<br />The moothly payment amounts will aI80 change on Payment Change DateR as provided in the Note.
<br />Bec.\iiiii p;i1)T"ueiit :+..na-ea may oce"W' leas oft.:... than interest iaOO chani6D and/ur may be iiubject to '-enau_
<br />limitatioos d-=ribed in the Note. the. monthly paymenta may be in.uflicient at timea to pay accruing
<br />mtereat. In such case, unplUd mterest IS added to the pnnc.pal balaoc'e 01 the Note and it.'!eIf will accrue
<br />interest therealter,
<br />
<br />.- ...
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />..J
<br />
<br />L
<br />
|