|
<br />I
<br />84 --/ 002492
<br />ADJUST ABLE RATE RIDER
<br />
<br />(Inleresl Kale L.lOnl and Payment Cap)
<br />
<br />r-
<br />
<br />I HIS ADJUSTABLE RATE KIDt:R" lIl"de IhlS .9.th d"y of. ......,t1>,y,......,.............19..,8A.,.
<br />"".1" 1I1"<lrpvr"led .nt" and shall be deemed 10 amend and ,upplemenlthe Morlgage. Deed ofTrusI. or Deed 10 Secure
<br />ul.:bl (IiiI;;' '~'llrIlY inMrumelll") of (he: same Jale glVt:11 by the undersigned Ohe "Borrower.) to secure Borrower's
<br />Adju>I"bk l{;ole N~le '0 .s.uperior. M<ll;t.<;,ag:",....ln9... ...,..........................................,.....,
<br />...(lh.: "Lender") of the same dale (the "NOIe") and covering the
<br />prop.crIj d~:l>('nbcd t.n [h~ Securit} Instrument and located at:
<br />
<br />....?4.?),.\~st Louise. __..GT.a.!1Cl...r,s}~" NE .~.8.8.9,~........,......................................,
<br />.... IProperty AddressJ
<br />
<br />I he 'nk lh,'Jcr "IU (hen d....''{crmme (ht: ..tllU)UU[ ur (h~ monthly paymeUl thal would bc~sufticic:nt-,Io ,.,. tbe-
<br />utip..ll~j l'l Ill~-11\.11 h,11.11~...'t,: 01 rtlY lU,;lJl 1 am t;,\.J'M:I,.'lt:J l\.. ,-lwe on the Change Date all full on the-malurity-date__.._ my: new.
<br />Hlkh:">t 1.1"'': III ~Hlt~~i,J,mIJJI) <."qU.,1f p..~~ IHC:lib lhe rc')u!l llt thi-~ ~aJculallon is ca1kd the vpuU Payment -A,mount,':' and'it
<br />\\ ill tw 1tll.:' lh'v.- ,.uuO\.l1l1 Him) mouthl)' p.i1yrnclIf unk~... I ....il\~~,\.: (hI!: amounl pcrmined by Scclion4('E):bclow-.
<br />
<br />1 U) 111I..t HI~ lnlt:n:).l Kale (. 'hilAIC~~
<br />M}- ll.lh:'h.:~1 litte ~h~lU nevet' be grealer than
<br />
<br />1.7 '"~"
<br />
<br />'Yo,
<br />
<br />
<br />Th. Not. contains p,ovisions ollowing fo'cha..... in th.i.......rete.ary..Y_
<br />subi.d to the li...it stoted in the Note. If th.int_.t rat. i~....IllitN....
<br />monthly payment. may be higher. If the int.r..t rate doa'A...,t.........
<br />monthly payments may be lower. Th. Borro_r allOlllay ........ ..'....'........,
<br />poym.nt incr_..s to 7 112 % .och y.or.
<br />
<br />AIHHTU)~"I ('(l\t:'''IIANl'S. III addlUon to the I.:o\'eflanb and agreements made in -tbe Security, I~i-,:'
<br />tlnrnll,\cr ;lJuj i I.:ndCT funherco\!CmUH and agree a~ follows:
<br />
<br />A, 1:\IERio:s-r RATE AND MONTHLY I'A\'MENT CHANGES
<br />r he r--t 11 i.' P-ill\ IJt:~ f(lf .ill UllOa! mlerot ratc of 10. 2 (:~" Sec~ioll 4 ofth~ Note provida:forebanp:s.-,-io..-the_Udercit\;
<br />f .lk .wd tli..' uH_mthl\' payments. a.....I~)lluw~:
<br />
<br />"4, l'II'.Il.EST RAn: .-\NU MONTHLY PA\;\U;NT CHANGES
<br />(,\ I ('han~t.' LJMt~s
<br />I ~h" llli...tnl i..llt: I ''IU p..l)- Ilia) ...Ii.mg.\." ollila.' 11f....1 U.l~ 01 .'n.~J'lf!"~E; ..................... J9.....?..~....., and 00 lhatda,
<br />I.:'\-f, I ;Iti llllHllh I IH:rC-itJ lC::-f , t----.lt.:o date un wht..:h fn\ ltlt('ft.~t nlle couJd change ls-caUeda "Chanac_Datc.u
<br />
<br />illl I'hl" Indt.,x
<br />Ik~inllillt' \lo llh ttit. hi'll c-h..mg~ Dale, Ill} Illlch;.....' r;~k \\ III he based ou an Index. The '"lndc:a" is the wceJdy-'"YCf8IC'<~~
<br />\ ldJ \Ill l 1111<.:..1 :-'l.itn I flJ'>U[} ~C'.'...urHll:~ ..h,iju\lCd I,; .1 L\lIhlanl maturity uf 1 Year. 11:) made available by__tbe__,F~_
<br />J{.:........nc Ih'~Utj fill..' fII\l~t h....:en( hu.k.... h,gwc a\~li..ihh.'.J'\ of the dale 45 dnys ~fore eit\;~h Chao. Dale~is_('allcid-"JIIC:-
<br />"( 'w t~I!{ IfIj..k~
<br />
<br />11 Iht'" lu\.h.:.'- 1\ !Ii,! iungc-r illt_.ulub-k, lilt: :'~lik i1111J\:1 w~u choose 'A: new Index wbich is ___~-upon_compar.kf'
<br />1Ii11lIm.llt<\tl (iI,' t"o.l\lc Holder VdU gn'C' me nolll.:f; nllhl~ ..-tWh:l:.
<br />
<br />lC't ('ah:ulutiun of (Uanll,el
<br />ikh'l \,," \-".~I." l., IUH~.... D.de. the: Nv-If: HuiJ-..'r \\ dl ...d~ul.t-tt;' Ill~ new IIHefo.t rate by adding ...J.1'.2..... perccntapJx)it;tll
<br />I 1._9. . i I,) .fk' (. UI1CIU In~h:... [hI: NOte th~kh:t \totJ!ltn:H round lhe- ft..~,.lit oflhi...-audition to: tbe nearat'~"''--
<br />HI dIi.. Ih..'l...'-ill.t~"-' I"HlIl ~U J2~{,i,,_ SUbjt."l."llv tht: lmw :!ot.ah::U III Section 4(0_) below. lh~ rouudcdAIOIOUftt-wiU"bc-IIl'-ncw<
<br />11I1~it"\II~lh, UllUi lilt: 110;:.'_\( t'hangc Dale
<br />
<br />L
<br />
<br />II'.. Uuuu-,,,,:r\ RiK,ht to 1.itUl....... t->>)lUt'ot "'nwu...'
<br />Uuk...~ ~l,:djtJlh ..~(J} ~mJ 4\H) bt:low \\-IH f1dl fx'nmt me tu do 300. I may ch~ to hmil the-amounl of my new
<br />lHl'ulhl, p..tjmCHI t.Aio""ing.. Change Da.te to llit.' ..1ilhH.wll h.1\o'c t>CCl~ paymg multiphed.by the OWllber tOO', This.mount
<br />h .;;.;,U<..1 th\,." .01 lHHh.J Payment Amount" If 1 choOM: tbe 1.imiled P.flDetlt A......I. I ............ Note ,H.....___
<br />1h.1 i am <101011.0 .clellSt IS etay. before my IIcsI ne.. monlllly ....y_ is due.
<br />
<br />WI ,\ddilto'l> Iu My Cnpaid t'rincilll'l U"blOc"
<br />II i ,;,:h,-)tt~t.' tht: Il-1nH~"l.1 f>>a)-IUcnl AmIJUIIi. In) llIoutht)' pa)menl cuuld be leu than t,heamounl of theintcrcsl poRion
<br />oi .1 Uilllllbi) p.J)tHl.:Hl ..tui.:h lht.'H VlI.Juld be :iouJh~ICHt ld h:p.i) Ill;' u.upald pnflClpal balan~ in full on lhe maturity date a.
<br />m} I,.UI (cHi l.Ilh::r~1 t..tl~ ill M;~l4nll~H)' C4lWJ p.l) Hlcllh_ If ~O, cat.:h rnolUh that the limited Payment AmoUDt is less tban
<br />tilt: lHkl N f"-lfl.hJtl, the Note Huklcr \I, ill ~ubtrad the Lmut<..-d Payment Amount from the amuunl of the mterest portion
<br />dud"" IU .aM tit,,- tlltJ'crencc (0 my unr.ud pnHI.'~pdi b"I.HHo'e I tit.' Note Holder wiH also add intefC$t o."llbi; ..molaR' uf im
<br />~hfl"t':rcJu.;\:, b~ lUJ lln~~.uu (fnnclpai balance eai,,;h month. fhe Hilt.m.osl rale on the- interest added 10 principal will be: the- rate
<br />rt.~u.lfai b} ~',:llUi'l4(C) aoo\'c
<br />
<br />,(;} Um...... 1J....i11 Prineilll'l B.wollee; Inereu..,c1 MOIIIIII, P.y_l A_.l
<br />M)- UHp.U~ prul-l..IJl.li hIll#J)\:c t>:\U1 nc\('t CA;,.'\,:....U ~llll..l...umurn l:&muulll t.~wd to one hundred. twcniy.ftvc flC'run. (12$"')
<br />of ,he f'fl""'l",j dmOUI" 1 un&ll\illly bufl"WC<I. M) pd~lll~ " l'ffiUW Paymeut Amoolllufler "ny CIwIae Dale could ca_
<br />my unp.-.td: -prHh';~P41 baliI(k."(: to eA~<<tJ thai Ul.1AJmUI\l .i.mount. If so. un tbe dale that my pilYlRl a Luu.ted Payment
<br />AtUUiUhl iI\'uuid t.:...~ me: to C.llcc-Cd .luu hruu, 1 \\ tlJ Ubh;..-d b<f!\U paY-JUg a new mouthly payment un.lithe out Ch&nae
<br />o..-uc, 1 htl h~" InUnl hll' p.l)'Ille:ut Will be Ul 4&1 4HluUHt "' ha:h ~'oujd be wffic_umi to' r('p3)' my then unpaid ponelpaJ balance
<br />itl faU vn Ih(" t.1l4tUftty ~tC: li,l my ~\lr-n:1U 1Ilt-Ct\."),1.: f.llc ~n 'I--~Jb~la.nllaJly equal pa}fllC'llb,.
<br />
<br />AOJIIifAIU un IIClII-ttc.n A.I-I,. I_..,,,;() liJ...fHMA Uftjfwa ...._
<br />
|