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<br />84 ..,
<br />ADJUSTABLE RATE RIDE;-' 002428
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<br />(Payment Cap)
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<br />nIlS ADJUSTABLE RATE RIDER is made Ihis . .}9m... day of .................bPX.;iJ........ ........, 19..,~,~..,
<br />and l~ HlC_orporated into and shali be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure
<br />Debt (the "Se{;urilv Instrument") of the same date given by the underSIgned (the "Borrower") to secure Borrower's
<br />Ajju~t:lb!e R2~e' N;t,.. tn .., _.,. ,..,. _.. _ S.~~9.t:..MQ+J;.g~~I'T...lI]g..L.... ..,.... ..... ...d........... ,.." .......- ,..-.....................
<br />(the "Lender") of the ~une date (ihe "NOh;") and -co.,,:ering the
<br />property described in the Security Instrument and l..iC'31ed at:
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<br />4045 Mansfield Road ..G;;1!D.4.J~)'<m4".N': ..,@.!l91,
<br />.... ,.., ,....,... ....,...(P;~P;;rtY..A.dd~~ssl
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<br />The Note contains provisions allowing for changes in theinter.est. rClteevery
<br />year. If the inte~est rate increases, the8artower's monthlyp~lII.ftts':,witl',.b...
<br />higher. If the interest rate decre...., theB.rrowltr's monthlypayni.ntswill)~'
<br />lower. The Borrower also m.y be able to limit monthly payme"t tricr...s:to
<br />71.12% each Year.
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<br />A, INTERF.!>'T RATE AND 1'\'IO!'lITHLY PAYMENT CHANGES
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<br />rhe NOle: prOVIdes for an mitial mttrest rate of ...),9...2. ...,0/0. Section 4 of the
<br />rate- and the monihly paYnlcn[-s~ as t;..Hows;
<br />"4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />(Al Cb....ge Irates
<br />rh~ inlerest nile 1 WIB P3} may -.:h:l!lge on (he fiNt d.lY nf.. u ...JlJ.De...~,... .......0..... t9~..a5.....~...
<br />i:yt'ry J 2th month t here'dficr. Each dat-e on which my mterest rat,e- couid ch.i:ll1ge is called a "Change:-Date.-."
<br />'m The Inde~
<br />tit-gmmng with the t1rs,1 Ch:mge Date. my 1lltcresl rate ,,,,ill be bas.cd on an lndex, The "Index" is the:w~y:~aY-er~g~.--.
<br />~-ldd un l ;nfted St.alt"-" rrea~ur\ 'S~~\.:unlle:i adJusled to a cunst'unt matunty of 1 year, as made.-availabJe;.by:- tbe"f~~_~::
<br />K",~"e Board. Tho most ft'Cent Index figure avaIlable as of the date 45 days before ..aeh Change Ollte:' iseaU<;lj;th(j;:,.,
<br />.'Cur-rent Inde" "
<br />If th~ lude)\. t:'. no l-()ng.e-r aV~1Jbhlc\ !he Note Holder wiU ch(~Jse ~l new
<br />lnformatlnn. The Note Hi.lider WIll gl\'C mr notice oftiu.s cbnice.
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<br />: ',-; ,-~;-,'"
<br />index which '" baseduppri'c~l#fa\>le',;
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<br />ADDlfJONAJ. CO\'FN.4.NT8. In :lddition to the covenants and agrcetn.!.:l1ts made in the Security-
<br />Borrower and Lender further covenant and agree as follows:
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<br />(0 Calculation or Cbanges
<br />&1,,," <adl (,hang~ D,tte,lhe N"le Holder WIll calculate my new inter....t mteby 3ddil1g....,l~.6." PC\'Cet1(1l
<br />L.ti.,';.) te the C(lrfenllnd~x The Not~ H"lder "'Iii then round theresllll ofthis a<iditiQu tnclbe.JJear"'11Qn '
<br />,~f mh.' .r<f(~nug(;' pow! {ll. 115~ 1_ This rounded amount wlii be my new-i_l1ten:st I"'..de until tbe- .tteXlCh~g~:;~~t~_\' _ _ _' :.-:_"_' :'-;_ -:_:_',::<':: .
<br />r11e NOk ({,,!Jer WIll then delermme the amount 01' the momMy pay.meUlthal would "" sull\cJe!\ltorCp;\y":th~,'
<br />unp~HJ pnndpai o;1hm('t.' Df my loan I :un t;\pe:dcd to owe on the Change Dat.e .in fuU-On--trn; maturr{)<date>~l.~ro:y:,~_*i'~,./o
<br />mtITcM nHe Hi ~ubst3niHtHy t:'qual pa)-ments. The h'"!luh of this ~-aicuhuioH i~ 0aUed tbe "pun PaYlllent, A_mountN'Can~f'J
<br />"\',:li1 be Ih~new ..Hllt..YUfll. of f"HY [m,-\uthl~' paymt:nt unless. 1 dh,)()~ the amount permitted by_SeC:t.iotl:4(O}bclQ:W~
<br />im norro..~"". Right to Limited Payment Aml>lJnt
<br />tinl.", &c!toI1S olin and 4tG) bel"w "'tUnm permit me to do so, I ma}'dIlJOSelolim(tthea~()llIitOf,Il!Y'i\leWi
<br />"'''I\thls P>Slllcllt f"nO\\lflg. Clunge Dale t" lhe UI1l0unt I ha\'e been paYlflgmllldpliedb)'}bellllmbl>rhOJS'11l.isa~(Iu1tt'.
<br />'Hailed the "Limned "a,mem An""lIIt." If I eb_ tbe l.lmlted PaYl1lent AIIl"UIU.llnli"uiYetlud!l\ottRo~,l!!!tjqe:H.
<br />that I am doing so III le"sllS days before my lirsl ne.. monthly payment i.dlle,
<br />i~:l Addl(inns 10 My linpald Principal Babin""
<br />If} i,.~~H:")SC the Llnu4~.J Paynu:nt Amount, my monthly payment.clluid be les~ than theu[1lount of-lhe:inlere~J,p(w:tio,ri
<br />of" lIln"thly payment whld> the'" wu\dd be sutlictent to repay my unpaid prmdpal blIlancein I\JUnn Ihe'tJ1~tllrily,dalellt
<br />fH)o' t,:UHcnt iH'~.!"-e,~t filte III SUbst3f1Wllly equal payments. If Si.'l. each m...mth that the. Limited P'tlyme:nr Am(lUnt.is .leS$~'lh&i1:
<br />~h,,;: HH,,'f6l pt.'>:rtt\-'il, [he Nute- J!ukkr ",di sltb(nu.'~ the limned. Payment Anwunf. from the tUn(lunt of the i-nterest:P9rti~n
<br />.m.d \"\'lH add, {he ditre-renct: h.' my unpald pnncJpal balance. The Note !joJder \\ In aisp add interest on t-he- -aJ'hOutu of this
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<br />,:~gt-r~,-....";; ~.;:, my '-ii.p;,aJ. pn.ic!p-~; !:;;j~a:'ij.>c ,,~~:\..~h mr.J:Hh. Th~ ;nte-rc.:>.t fa:" ...,i:j ,hI.: il~kr-~t ~ddcd tG principal w~U he rhe-n;,t;::
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<br />H'o-t,fUH'i.'"d by ~~Ho.n 4{C) ~lx')\(;
<br />il') Limit OD l'npaid Principal HiUanee; Increased Monlhly I'~YlReQt Amount
<br />~l~' unr-~'ud pnu<..'"\fl.il bablKc can ne,er ext.'ccu it maxnnum JUHJum -I..'qual to lmc hundred t-wcnty,five: percent (12:5%)
<br />pf {h~ l'finl."'lpal ;,urkJUnt I ongiu.aUy OI)ITOwed. ~'l'y fX--l}-"mg ~t Limited Pa}IHtmt Anwunl.after ~un Clumge Date could calise
<br />m,}' u-npa~d p-rjrn.:ipal hahmt.:e tu ~.\-Clt~ t.hat maxrmum .arno-utlt. If so, \Hl the dale lhul tny paying it Limited Payment-
<br />Amt)u~U would {:a:u,~ me. to CXi.'c.cd tb~t hmit~ 1 ""ill instead besin paying a Iltl"W monthl)' puyule:nt until the nex.t Change
<br />i 7"a1('. fhe new Ul-Mthly payrne-nt will 00 ill nn fUlk'1<lmt wfu-ch wtlUld be sutlicu."nf to repay my then unpau..i printiJpal ba.iance
<br />Ht tuH -OJ:; the rn#lunty J-"ll-C', ;.t my I,:'urr-en~ ml~H"S-t rale III sub:.aanliAHy t'ltua1 pa)'nhmh,
<br />{GI RlIlllllad )"tIl1 l'ayment A_lint
<br />Uf$:lnllttl~ ",,{h ihe lit'! nk"lthly j><l.yl1lellt after the last Chaug<' Datt', I WIll p"y th~ Full l>aymclH Amount as my
<br />m,~"llly 1>l!}'nli,Ul.
<br />\HI .;ff<<U.... I~<, of (:'twttl~
<br />M:~ l:WW ~nt~t'e:.;l r~te '\tiU ht\.'(tU1C cfl'l'\:'H\'C 'OH t~l.C:h Ch-ans:e Dnt;.:: 1 'Wdt pa\ the amount l.r rn~ Ih:\\' Hhlnthly r:;:,\) menl
<br />bi:~tinll\t-l# Uti tht'_ n-t'M ft"'-1nr,ht} pu.ynHW.t ~t1t(" .l1!CJ' the Cha-ngr Dah: Huhl ~ht' .amuwH ~'\f Hl~ mnmhj,\ i~dymt'J)t d1<Ulgi:~
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<br />.--fNMA Unifonn tn-UnU'D~llt
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