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<br />84 -002915
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<br />Loan No, ...~81.02::1::'J1L....,
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS'
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE; ~"
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMa~"
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS:
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<br />This Rider is made this..__~~~.t......... day of ..,....,......,......~y...........,...,' 19..~1,:. and ,isiJplJ'P!l"~
<br />into and shall be deemed t<J amend and suppl"..nent the MGrtgage, Deed of Trust, orD"etht,),~_piiiJit?
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower")tG'1l8CIIft!:BOf,'
<br />rower's Note to ,. ,..",.. .... .... ."., .."........... .."..",.... .,'...,........ ,..,'... .,...,., ......., '...m......................:...,...-d..:-"'~.,;,;..,L,;'2;;..
<br />F.i.J:".t.,.F,~~~.r.a.l",~f',y.i.!!g,~,..~'!<l..,L.~a.'!,.~~~Q".i,"',!,:!!,!~. ..0.;. .L.~~.c,o.~'!."..~...!!!?:.g.!~..~,~~~~.~...S2EJl.P!~!:!~~....,
<br />(the "Lender") of the same date (the "Note") and coveringthepropertydescribediJi,tIIe~liiiIlitlf,
<br />ment and located at 2.9.9...~!!,s.L?.,...., ,...........,~T.l\nd...1.dJl\l.4.....N!',tn::!!.3JyLfill!9.-L.::...:....
<br />Property Address
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<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrwnent,~
<br />rower and Lender further c{)venant 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..JJ,,;1'!,Q...... % .
<br />Interest rate changes may occur on the 1st day of .............................,s.~P.~,~,'!!~!'..,. 19.1!.~...and:o~,tbe
<br />1st dav of . ....................Dec~I!!~!':...... 19/;!?.... and on the 1st day of .......................~.'::",hm......'.. 19~f!;..
<br />and o~ the 1st day of ...:.--..----..........._..Juu.e.............,. ]98."... and on those dates of those months in~
<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 anc' :"terest payments to adjust amortization of the loan to COI'l'l!lIpond with
<br />interest rate changes shall be made on the 1st day of ................--.............Jwt.a......--......... 1llU..... and Ollctbat
<br />date every.",,,.,.,..:-":'."'__. - year(s) thereafter, Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />Changes in the interest rate are governed by changes in an interest rate index called the "In..';
<br />Check box(es) to indicate Index,
<br />( 1) [J "C.ontract Interest Rate, Purchase of Previously Occupied Homes. National Average for aU
<br />Major Types of Lenderg" published by the Federal Home Loan Bank Board.
<br />(2) .iJ AdJu.s.Ulble. ,.Rat.e.. .J:lo~.e... ,,-M.o.nt.hl,y., ,a"erage..,y i.e.ld...Q1l..l1. S,..., I.reasu.1:l1...Sel;.l1.d.tiAa....
<br />ad j us t.e.d,. ~LL.a..CDJ:lScau.t..-Illa.t-l.u:H,y.."'t _.1. ,,)'eax. _ p.ubi.is.hed..,hy:, ,~,.Eedexal. ,B.eae.t.v.e..BDa.rll...,.................
<br />Check box(es) t{) indicate limits.
<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 referred t{) 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 ....................
<br />percentage points on any Rate Change Date,
<br />(3) 0 If this box is checked, the interellt rate that I pay shall not decrease more than .....,..............
<br />percentage points on any Rate Change Date.
<br />(4) tJ If this box is checked. the interest rate that I pay shall never be more than .D..,!!5!L.... %
<br />during the period I have my loan,
<br />(5) tJ If this box is checked. the interest rate that I pay shall never be less than .11................%
<br />during the period I have my loan, .
<br />(6) 0 If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than __.__ pe!'<"ent on any Payment C!umge Date,
<br />(7) 0 If this box is checked. the principal and interest payment that I pay shall not decrease more
<br />than........___.____.__ pereent 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 occur less often than interest rate changes and/or may he subject to certain
<br />limitations described in the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest, In ,;uch case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />mterest thereafter,
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