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<br />84 -002756
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<br />Loan No, .._5$,7.!l0.",_J.""t!L,.,
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAIN'S
<br />A PROVISION ALWWING FOR CHANGES IN THE INTEREST RATE. IN'.
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYME'NT8.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYME'NTS.
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<br />This Rider is made this.23_.t:d._.___..,_,_, day of -..._.....______..__'__...._~.Y.,_,_...... 19_~,L. and is incorpljl'llted
<br />into and shall be deemed t{) amend and supplement the Mortgage. Deed of Trost, or Deedto'Secnre Debt
<br />(the "Security Instrument") of the same date given by the undersigned (the "nol'l'Ower")' to'secui'lf'&r..
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<br />?1!:er.l._~~~~::~~~:~~~~::~~::~:o.a:~::~:~~i5~:~:a.~~:O~::~:f::~~?Cjo.~~:;:::a.::~~r.~~~:::~~~~~:~::~~:t€~~~:~~~::::
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<br />(the "Lender") of th~~ew~~\e ~'e "Note") and COVeringtheJ:.r:J'31's~=~e~:a~~t~~lIilfJrU:'
<br />ment and located at _,____ ___ ______,__ ____ ___, __. _ ___, ___ m_m_.._ _ _ _.. __ _ _ ___ _ ____.....___.__m_....'_.m...................m.....'_....,.........,~...~....On
<br />Property Address
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<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument,:Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL....1,?,..'O<}_O...__ %
<br />Interest rate changes mav occur on the 1st day of ..............--m....'_._,_..~~P.~e.Ill!>~.r.,. 19..~.'?.. and on U1e
<br />1st day of _____._____..___________....[)~"l!'lJ"r:....j~~!'L. and on ~~e 1st day of ..__..,........_...,.....~~,~........,." 19,.~~~.
<br />and on the 1st day of_______.........___.....,........_..,..__...,...... 19_______, and on those dates of those months meW!7
<br />year thereafter, Each date on which the rate of interest may change will be called a "Rate Change Date', .
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<br />Changes in principal and interest payments to adjust amortization of the loan to ~rrespond with
<br />interest rate changes shall be made on the 1st day of ........-,---,..,_......,___.._.,IJ.l!).e..._..._.......,. 19m.'..' and on that
<br />date every__::':::::::::::-:,,_,.. year(s) thereafter, Each date on which the principal and interest payment may
<br />change wii\ be calied a "Payment Change Date",
<br />Changes in the interest rate are governed by changes in an interest rate index called 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.
<br />(2) ~ M,jll".t~_b.l.!" . Ra.t;!". ..N.()t;!"_.':". .~<?!J.t.h)'Y" -i\Y:~r~K~--Y.:J-.~1(L9,I1,J!."~,,._,T.~,a.,~~,r.Y..!>~g.l,I.r.~!i.tlHL
<br />ad justed.t;o,.".,.c.{)ll:3J,~t;___rJI'!t;1,l,r.~.j;y,..o.f_ .1,. Y~a.r. p.1Jb..U,~h~9,_ -9'y___l;,tl.~..,f~g.~,r.i\l"!l_~'!~r_y'~,,j:l<?a..r.9.L..,,_...._.....,
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<br />Check 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 Prelinlinary Rate referred to in the Note. 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 00___,_......._._._,
<br />percentage points on any Rate Change Date.
<br />(3) U If this box is checked, the interest rate that 1 pay shall not decrease more than ...___m_....__....
<br />percentage points on any Rate Change Date,
<br />(4) iIl If this box is checked, the interest rate that 1 pay shall never be more than ...13.,,9.50,..., %
<br />during the period I have my loan.
<br />(5) iIl If this box is checked, the interest rate that I pay shall never be less than ..!Lh__.._......%
<br />during the period I have my loan,
<br />(6) [J If this box is checked, the i'rin~'ipal and interest payment that I pay shall not increase more
<br />than percent on any Payment Change Date,
<br />(7) [J If this box is checked. the principal and interest payment that I pay shall not decrease more
<br />than ___d_h_ pereent on any Payment Change Date.
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<br />The monthiy payment amounts will also change on Payment Change Dates as provided in the Note.
<br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain
<br />limitations described in the Note. the ffiilnL'liy payments may be insuflicient 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 />inierest thereafter,
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