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<br />ADJUST ABLE RATE RIDERs4
<br />(Payment Cap) . - 002489
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<br />nlls ADJUST ABLE RATE RIDER is made this .....JnL day of... ....Hay.. ............. 19...34...
<br />and is incorporated into and shall be deemed 10 amend and supplement the Mortgage, Deed of Trusl, or Deed to Secure
<br />Dd>t (tbe "Sccurity Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's
<br />Adjustable Rale Note to. ...S.\\p.l<),',j,Q:t'.,kIQ.r.tgage..,..lnc......P.....Q,...,Bo.lr...l68....Gr&ld...LB1..nd,..,.NE.....,.....,....
<br />..................()~!3.Q2.. (the "Lender") of the same date (the "Note") and coverinl the
<br />property described in the Security Instrument and Iocaled at:
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<br />. .419.7:421. .East .Di.v.is:i.on,....=. ..,...C..and,.ls.la..u...blE....,68S0l..............."................
<br />{Property Addressl
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<br />Tho ..... co"taift. pfOvi.ioM allowirlg .... c....... in tho i....... ,...v...,'
<br />v-. If tll. int_t rata 1_. thIt ,,-'. 1ItOItthty' ~'wiIf!'"
<br />h....r, If tho intorost rate ~.... thelerrowo". 1IIOItIIIIy,.,........wlltlHl,
<br />lower. Th. lanawor also may be aW... liMit lItonthly'"'~t l........:t.:
<br />71h% .ach y.ar.
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<br />..\oomONAt, COVENANOS, In addilion to tbe covenanls
<br />Borrower and Lender further covenant and agree as follows:
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<br />,.\. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />fhe Note provides for an inItial interest rale of.. ..1.0...4.......%. Seclion 4 oflbe NOle pro>idesforchanpinlheiltteRSt,
<br />rate and the monthly payments, as follows:
<br />"4, INTEREST lUTE .o\ND MONTIfLY PAYMENT CHANGES
<br />tAl ~ Oates
<br />fhe mlerest rale I ...111 pay maychange on the 1i",1 day of.. ...Ju.Il.!'.. . ............ 19..,?2....,... andonlhal.,.
<br /><,cry 12th monlh thereafter F.ach dale on whIch my Inleral rale could ehange IS called a "Change Date:'
<br />IBJ I'll" h...
<br />!!c:glllnlng "'lib lhc fiN' Change D'dle. my interest rale ...dl r.., based on an Index. Tbe "Index" is theweddy.".".
<br />"Idd "11 UllIted Stales rre..ury ",",unties adjusted to a mnMant malurlty of I year. as made available by tlteFede\'aI
<br />R,,,,,,,,,,,,, Boon) The m",t '""elll Index figure avaIlable as of the dale 45 days r..,fore eacb CbanS" Date is calledlhe
<br />"('urrcut Indel_"
<br />If the Inde. IS no longer ...dable. lhe Note Holder Will rhoo"",, . new II1de, which is based upon comparable:
<br />!tlf-orm:ml'fl:. The- Note Ht)lder wlfl gtve m'c notK.;'Col'lhis cboic-c.
<br />10 t:."'.......... of Cha__
<br />iiefort" each C'hanltc D--.lte. the Note Holder wdt calculate my new tnlere1:t race by 3dding ....,.f,t.L, -pereattap_poIn"~
<br />2.1 '"r I h) Ihe CUffent lnde.. The Note Holder wllIll1rn mund the ,,,sult ofthi. addilion IOlhe nearcstotlHipth
<br />t}{ lmc f'<"rct:ntage Pt)ltlt (0. J 25%) TbJ$ n:mnded amount Will be: my ne..' mteft'S1 nUe unhl rhe nc.xt Chan.ae_l)ate.-
<br />fhe NOle Holder wlllth"" determtue lhe amou"t of the monlhly paymetll Iha. would be.ullicimHorepaythe:
<br /><lnpuld pm""pal balance of my loan I alll npe.:led to ,)We on tbe Cha"g' Date in full on the maturity dalealmy nC\!l~
<br />!lite",", rale In ;ub.latlllally "'Iuol payments. The r<su1l of thiS c.!culallml" called the "Full Payment Amounl'" and it
<br />",ll be the new amoUllt of m)' monlhly paymenl unlei<S I choose the amount permilled by Section 4(D)beIow.
<br />lDl Bor......"'.s Right 10 U..iled ra,._ A_t
<br />link.,.. SecltOIl; *IF) and 4tG) bek.... Will not pen"'t me to do '0, Ima)' eh"""" to limitlhe amounlof my new
<br />nl<UlIhly pa)nlelll ti.liloWlllg a Change Date 10 tbe amount I h,we been paying multiplied by lhe number 1.07', TbiJ alllUUlll
<br />"ntlled Ihe "Lmllled Payment Amounl." If I c"-tlle Umltell raY_III A_.t,IIRutlliye lIoeNote HoWerlltlllce
<br />IlIall_ doillll so alleU! 15 day. _for" my iin! 1M" .......tltly ,",y_1 is lItIe.
<br />lEI .""'11.,... 10 My lilt...... Pritteiplli ~
<br />If I dw.."" lhe Llllllted Paynlent Amount, my monthly paymenl ",'uld he 1<>.lhan Ihe amounl of the tlller",,1 portion
<br />,,!. 1I"".lbly paymenl ..h",h Ihell would r.., .uftklelll to replOY my unpald prlllelplll balance 111 full on the malurily dale al
<br />m)' curh."fH tnlercs~ rale in s.ubstannaUy equal payments. 1f ~tl. each moruh that fhe Limited Payment Amount is less than
<br />the mtcr-c.;.t f"'.'ftwn. the Note Holder wdl $ubtraa:t Ihe Ltnutt:'d Paymenl Amounl from the amount of the interest portton
<br />,m\1 wliI add the ddleren<< to my unpald pnnclpal halan..'e. The Note Holder wtll also add mtcrest on the amoulll of Ihi.
<br />dlfe''C_nc~ {(\ m) uUp&ld pnnclpill ba.lan-::e tach OK1Il1n. TM itHcrnt rate 0'1 lhe mieres, added tn pdr-.cir.a! wl!! be the rate
<br />''''Iutr..-d l>) SeclloIl4tC).bo.e
<br />Wl U........ U..,.w Priftci..... O~; lnueued MOIltbly P.y_nl".......ltl
<br />My unpald pnn':-lp.tt ba1an..:t' can ne\ier ftJl.cn'l.i J; fU3:\lmUm amoulH t't.fU.aIIO \)fie hundred twenty.fi\'e perCe11l () 25%)
<br />of the J1fUlClptU ,a.turnml J ongmally borruwed. M)' palmg a LimIted Pitymcnt ,0\ rlli.'lunl aft('f an} Change! Datel:ould cause
<br />rt1, unpald principal baLlU\.'e to e~-ceed that nuu.U'num amount. If so, jJU the- date that my paying a Linuted Payment
<br />Amili.ml "'LmW cause me: to e~..'tYd that hnHt. I wiH lnste:-Ild begw pa)'tng a new monthl)' f-'aj"ment unhl the ne~t Change
<br />f)aJe The f~W mombly Ila)mVH Will bt in an aU\t')un1 'A'hic-h \\<ould ~ SUtl1C1C-r1t to rcpa} my then unpauj pnm.:Jpal baiam,:c
<br />ffi fuU ''''1 111:t: rn.turi~) dale li1 >1l.) ~'tl:rnfnt interne. rate to $ubs.tanttaJly equal p~; rnenb
<br />,(;l ._"'" 1'.11 Pay..... A_I
<br />Bq.""".... With Ihe fil'lll monlhly !"IYIlI""l aOer the 1..1 Chang. Da,e, I wIlll'.~ Ihe Full 1>.~lIwlll A"'Utllll .s my
<br />tUi..m.dd)' pII)'Rw:nt ~
<br />(Hi l':ffHthe [iolte ..r t........
<br />My n('l\ ~flt~r~r_ rale wdJ D<<-'otJle "tft\,:t!\-\,: nn t'IIt,;h ('hang-e [}-,.Ut" l ..-.-.il I'll) lh\; allwunl 1.\1 m> (In.-' flh.Huhl) 1'_l.U~-mCIlI
<br />ht-JinnlllJ nn rh< ft:':\t fTwfltMy f>8.)'mctH da.h:> aJlcr rht:' Chat'l~-c Dak I.ml1llht, .HHPIHH ;,''" m.., fH\\Hthl)- pa);fHCIII \.'h.Hl~(''''
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<br />~ ........... nW tlWU'Y __ (t)._~..
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<br />"'f~"t'--- "Q eJ"~ ~NMA Unff-om! Indr'lNl'4tnt
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