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<br />Loan No, ... .~.8.77.~,-:-1.:::t~.....,
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />84 - 002716
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<br />NOTICE: THE SECURITY INSTRUM.""ENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE, IN-
<br />CREASES IN THEicINTEREST RATE' WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN TIIE:'YN1'EREST RATE WILL RESULT IN LOWER PAYMENTS.
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<br />This Rider is made this . ......?~~.~m... day of ..,.. ........!o1iiY....,.. ..., 19,..,?~, and is incorporated
<br />into and shaIl be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />(the "Lender") of the1ffle~tf l:M':r'i~gte") and coveringthed'~~~s1=~~~~~~~Wtru-
<br />ment and located at .... ..... .".m......... ...... ......,.... ............., ,......... ......."...'..'m..............,.........",...,................................
<br />Property Address
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<br />I\fODIFICA TIONS. In addition to the covenants and agreements made in the Security Instrument, Bor-
<br />rower and Lender further covenant and agree as foIlows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />Tbe Note has an "Initial Interest Rate" of........l~.~.O.~~.... % 8
<br />Interest rate changes mm; occ~ on the 8~t day of m......'.........m..........~~!'~.E!,~~.E!~.'Mi9...!i~.. and on ~e
<br />1st day of ......m........mm........me.':',~:I!..,e.r:..., 19........ and on ~ 1st day of ,.............................:.~m.........' 19m.....
<br />and on the 1st day of ..m........m.......mm..;J.':'~El...m..m" 19..,..,.. and on those dates of those months in eve7
<br />year thereafter. Each date on whieh the rate of interest may change will be caIled a "Rate Change Date' .
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<br />Changes in principal and interest payments to adjust amortization of the loan to ~pond with
<br />interest rate changes shall be made on the 1st day of ........m...... ..............;T~~~..............., 19,...0... and on that
<br />date every ....::::.-:-:::::::::..... year(s) thereafter. Each date on which the principal and interest payment may
<br />chanll" will be called a "Payment Change Date",
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<br />Changes in the interest rate are governed by changes in an interest rate index caIled the "Index".
<br />Check box(es) to indicate Index,
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board,
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<br />C heck box (es) to indicate limits,
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<br />( 1) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or
<br />down, The Preliminary Rate refened to in the Not~, will be the new interest rate.
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<br />(2) 0 If this box is checked, the interest rate that I pay shall not increase more than ....................
<br />percent.age points on any Rate Change Date,
<br />(3) 0 If this box is checked, the interest, rate that I pay shall not decrease more than ..,.................
<br />percentage points on any Rate Change Date.
<br />(4) OlIf this box is checked, the interest rate that I pay sball never be more than ..J.3...9.5.!L__%
<br />during the period I have my loan,
<br />(5) [) If this box is checked, the interest rate that I pay shall never be less than ...9...............%
<br />during the period I have my loan. .
<br />(6) [J If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than .................. pen:ent on any Payment Change Date,
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than .................... percent on any Payment Change Date,
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<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note.
<br />Because payment changes may Ot.'Cur less often than interest rate changes and/or may be subject to certain
<br />limitations described in the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter.
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