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<br />ADJUSTABLE RATE RIDJ:~-.d 002583
<br />(Payment Cap)
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<br />I'HIS ,...DJUST ABLE RATE RIDER is made this .14th.. day of... M<I)!...,....... .., 19.84....,
<br />and IS Incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or J).,ed to Secure
<br />lkbt (the "Securitv Instrument") of the same date gIVen by the under;igned (the "Borrower") 10 secure Borrower's
<br />Adjustable Rale N~leto ....SlJpe...~Q,LMorj;gage.,...lnc....
<br />(the "Lender") of the same date (the "Note") and covering the
<br />property described:n lhe Security Instrum~nt and located at:
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<br />.. . . 244Q..W~".t..J.8t.hSt)';~j;':':..G..alXl..l.$.).aJ:1d...NE.....6a,aOl....
<br />{property Address I
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<br />Th. Not. contain. provi.;.n. aHowlng fo, chong.. in tho int.....t ,ate.very
<br />y.o,. If the int.,..t '0" incr....., tho ""ow.,'. ....nthly pay_t. win....
<br />high.,. If tho int.,..t ,at. doc,....., tho Borrow.,'. monthly pay_ttwiHbe
<br />low.,. Th. Bo"ow., al.. may b. obi. to limit ......thly ...,.-,1...,..... to
<br />7112% e.ch year.
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<br />AlJDlnO~AI. CO"-I:1'oiAl'TS. ~ii addition ro the covenants and agreemenr.s made in the Security Instrumen~
<br />Borrower and Lender further covenant and agree as follows:
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<br />,0\, INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The NOle prOVIdes for an initial Interest rate of ..l9.~>~ . .%. Section 4 of the Note provides for changes.in the ml<<eit--
<br />rate and the monthly payments. as follows:
<br />"4, INTEREST RATE AND MONTIlI.Y PAYMENT CHANGES
<br />(A) <:'"'hanlle Dates
<br />The Interest rale I wlIl pay may ehangeon the first day of . .......Jl.\).Y ......, 19....85......,andOlllhal:day
<br />every 12th monlh Ihereafter. Eaeh date on whIch my mteresl rate could change IS called a "Change Dale."
<br />f HI llIe Illdu
<br />Begmnmg wllh Ihe first Change Dale, my mteresl rate w.1I be based un an Index. The "Index" is lheweekly.vcrqc
<br />,wid nn 111111<'<1 States Treasury ...'Cuntles adju.ted to a conslant maturity of I year. as rolldc avail.ble bylhe:Fc:deraI
<br />Re.e..e Board, The most recent I ndex figure ava.lable as of the date 45 days before each Cb...."" Date is called".lhe;"
<br />"Current Index."
<br />If Ibe Index IS no longer avaIlable, the Note Holder ..ill cbO<.lSe a neW ind"" which is baMd uptlllcom~';
<br />Informat~O'n. The Note Holder ~lll gl\'C: me O(,.\ticc of this choice.
<br />(0 C.lculatlOft or (1umtIn
<br />Before e3<'h Change nate, the NOIe Holder WIll ealculale my lie.. illleresl Olle by adding....J..Ji.., percen..,JlQinl"
<br />( to.E!. %) 10 the Current Index, The Note Holder willthell round the re.ull of this addilion 10 lhenealC$\ ollMigljth;
<br />"f olle p.:r.:emage ponH (0.125%). Tbis rounded amounl ..ill be my new interesl rate unlil the next Cb.ngeDil~.
<br />rhe Note Holder 1'.11 ,hen determUle lhe amount of the mouthly payme'lI tbal ..ould be iulfic!en.HoreIM'Y.I~e
<br />unpmd p""elpal balan.:e ,'f my loan I am e'l""'t,'<Ito owe on the Change Date in full on the maturilJ/lIateal:l1lY'"IJCW'
<br />mlerest rale In .ubstanhally e"ualraymelllS. The resull of IhlS .:akulation is .:alled the "Full P.ymeDI AlJIQUo..'. and.-it
<br />will be the new anKlUlII 01' my monthly pay'ment unk"", I choose the amount pennilled by Section. 4(D)bclow,
<br />\.01 Borrower', RJalaI 10 Unlil"" Pay_ A_Ht
<br />Unl""" SectIons 4(1') and 4{G) bel",., WIll not p.:nnn me t" do so. I may choose to limitthellltlounI9fmy.~
<br />""'nlhl~ pa~lI1ent 1'011"""1& a Change Dale to the ."noullt I have beell paying rnultipliedby the numbcrl,01S,Tl1i$llIllOw,l1:
<br />"called Ihe "L.,mllcU Payment AIII'lun!." II I choose lhe: L1miled Paymenl Amounl, I m_ aiye tile Notelf.....~
<br />iblllI amdoillllS<l at Ieut IS days before my fint new monlh.ly paymenl ..due.
<br />(.;) Addition. to My Vn,aid PrioeipaJ BalaAce
<br />If I .:hoo,,", the LlI1l1ted Pa~menl Amount, III)" monthly paYll1"lItmuld be k.., than the amount of the inleresl porlion
<br />"I', mOlllhly ra~m\'nt wht.:h ,hen would be suffic,ent III repay m~ unpa,d proneiral halancc in full on the malurity date at
<br />In: ;,.'unent IOtCf't."St rate tI1 ,\uostanttaUy C1.fual payments., If 'to. ca4.:h mOnllllh+lt the Limilt.~ Payment Amount is less than
<br />the HltereM J:k.JfuOn, the Noh: Holder ",ill subtfa..:f the Ltmued Paymclll AmlHmt from the amount of the interest porI ion
<br />and w,ll add Ihe d.lfelen.:e III my IInplUo principal balan.:e. The: Note Holder will alSt) add illleresl on the amount of this
<br />t.htfercoce 1\) m) unpaid rnn;;'~lpal balan\.'c each month. Th(' Ulteresl fat~ ,m the mtereM added to principal will be tbe rate
<br />reqmr,'\! by Se.:uon 4(C) above
<br />W) LI.it 011 V.paId Prlndpal Balaace: Incceased Monthly Paymenl Amount
<br />My ufipa1d principal balani.:c ~an fic'"er eX':t.-ed a maxmlUm amount c~tuul to lmc hundred tw<nly-fivc percent (125%)
<br />of the:: pnnclpal amount I ongmaUy OOrnl\lrCO. My palmg a Lmuled Payment Anh)Unt after an)' Change Daic-~l)ujJ UtU~
<br />rtJ.}' unpaiu principal ~cc tn exc.ecd that maximum nmounL tr so, on the date that rn}' paying a Limited P'a)'ment
<br />Amount would causc me to e,\ceed that limit. J ~'Hi ln5tead b.:gln p.l)"mg a fie\\- monthly payment u!lrillht, nC.\t Change
<br />Oate, The new mlmrhly payment WIll be lJl an amount whkh \\ould be suffictent w rL~pd) my then unpaid principal balance
<br />III full l-~n the n-UUU01Y dlde at m)' i,'UIrent intcre5.t rate in ~Ubslanl1aUy equal payments.
<br />tGl "-e'ttired FilII Par.....'nt A."ual
<br />RIal"""'. ",ith the Aut ","nlhly l'a1ment after the lasl Ch.nge Dale, I will 1X'} the 1"1111 Plljlllenl Amollnt as my
<br />fJKmtbJ) pa) mcnt
<br />lilt .::neelive Oate or Cha'llle.l
<br />M) ne'f\ U1ter~s.t ,.11< WtU t"i"\:PIfi\' dl'n:tl\-c...Jn ",'al h l'h,:H!gJ' Dilt~ I ~ljl pa;. !he Jtn\HUll \,f:tl! n,'\\ HlnHthl} p.i.lym-t"'m
<br />hc~vnl'Hft~ 01'.1 !he fint m(\niht), r.a~m(nt dare illler lh<: ('hilli~t' D.-Ht.' >J!ltl1 !h~ ;UHt'unl 'lj' on lthHHhl) p-a pi h.'tl I (hang(~
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<br />Al)NSIAIU UTI "__I '1'.., . ",'wry hWMX (a)-- '"n~', f."",,,
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<br />.'i.) FNMA t)...dOll'ft hutf\fmeof
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