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<br />I
<br />
<br />
<br />ADJUSTABLE RATE ~ 002966
<br />
<br />(1 Yarl....-P.,... C.p)
<br />
<br />THIS ADJUSTABLE RATE RIDER iI m.de this ,1..,......, d.y of ,..,....::!::?~.........................,... . 19 .,~,~.. . and
<br />is lDcorpor.ted into odsbaIJ be deemed to .mend .nd supplement the Mol1PlC. Deed of Trust or Security Deed
<br />(Ibe "Security I__t") of the..me d.te ,iYCft by the undeniped (the "Bonower") 10 secure Bonowen
<br />Adjusuble Rate Note (the "Note") 10 ....,.......S~iQ;t)~D;:g;{l~.,...JJ:lG."...,..........,......................,..............,........
<br />..............,................,...,....................,............,.....,.... (the "lender") of the ..me dare and caverin, the propeny
<br />described in the Security IlIIUUmetlt .nd located .c
<br />
<br />,.".~~~,..~Y.:...l?:~.~..,~~~:::..:::.,9.::~.,!.~,:.~~!..,~"..,~~,~~~,...,......"..,...,........,....,....,...".....,.....
<br />I "-ftY Addteal
<br />
<br />THE NOn CONTAINS PROVISIONS ALLOWING FOa CHANGES
<br />IN THE INTEIlfST Un: AND THE MONTHLY PAYMI'NT. THE
<br />BOUOWEll MAY UMIT MONTHLY PAYMENT INCRIlASUTO
<br />..,~S EACH YEAIl IF THE PROVISIONS OF THE NOn:'naMIT'lT.
<br />
<br />
<br />~.... CoYP.urn. In.ddition 10 lbe coven&IllS .nd ....- made in the Security ..I_ment;
<br />Bonower and Leader funbet _t .nd ..,ce as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The NO<<! proVIdes for All ini&W Ullctat rate of ......J.Q...12'l>, The Nore proridesfor c::baapsin thelnreresf;r.te..ncl"
<br />Ihe monthly payIIIC1US. as foI1ows:
<br />
<br />4, INTERfST Un: AND MONTHLY PAYMENT CHANGES: BOaaOWEII'S alGHT TO UMITPAY.
<br />MElliT
<br />
<br />IA) ~ 0...
<br />
<br />The Inten:lt rate I will p.y m.y dwlp on the lint day of .....,...,JJ.lJ.Y................,.......... . 19 ,~,$......,.. odOR
<br />thaI day every 12th mo..th theleaflc.' Cadl <LaIC 0.. wbicll my intCrest rate coWcl dIatap iI t:aI1ed . "CbaAcc 0-."
<br />
<br />IBI TIle.....
<br />
<br />BcIlJllWlJ wtdl the int Clulqc D.IC. my Intetul rate wtll be ballld on ... tadu. The "lndCll" is the WftIdy.
<br />''''''race YlCld on UAited Sta_ Treasury oecuritia adjlalted to a constant maturity of I ye.r. as made .vallaltle.bythe
<br />fflleral Rcsc"", 8o&nL The _ .-.:<<at Indu li1>>" available .. of the <iate # days heforceacll,Cb..pJ)ateil
<br />ca.llfll the ~Cunem lDdu. ~
<br />
<br />If Ihe IMC1 .. 110 Ioqu avaUable. the Note Holder will choose a tIC.... inda. ....ltidtl. b..... upon tom.,.,able
<br />,nf<>rmauoR. Tbe Note Holder ...iIl ai.... me _ of this choice.
<br />
<br />\ CI CalnNa'" 01 ~
<br />
<br />ac,fu<e cadi Clulqc 0_. the NOte Hol4er wtU c;aku1a1C my new in_ I'&IC by.~ ....-9m'LP.!l\L....,.
<br />,.. .;;.l.<>::'.h'ill1t.tfl...."....~._......~......., pete:cataIC pointa ( ,.i..,.ii.....,.... 'l>) to theCtllDRt Itt<1u. The NOfCHo&der
<br />wtll then roucd the n:suIt of this addiuon to the_ ooe-eiahth of oncpmlllllllp point (O.I1S'l>). TJtiIol'Olllided
<br />amouRI WIll he my _ ....aat rate vnUl the out Clulqc Date,
<br />
<br />The HOle Holda will thea dctermme the alDOWll of the mondUy pay_t that would be lullicicllllO repa)'the
<br />Wlpatd pnaapaJ tbat I a. eapcQe1l1O 0_ at the ChaaacDaIC in full on ,the_turitydate at my llCW itllCreslra_iIl
<br />.ubst&llually equai pa~ The mult of dua o;;alculaQon II c:aIled the "FuU '.)'lIICIlL ~ II will be the _'_IlI.of
<br />my _thly pay_t IlIllaa I ~ the amouat permitted by SectIon 4( FJ below,
<br />
<br />101 F....... 0... 01 c::u...,.
<br />
<br />My tlCW IDlC_ l1lte will. bec:iome ctfecuve 011 ca.dI Chanp Date, I will pay the .mount of my new moedUy
<br />pay_ bqtnllll\& Qn the int motlthly paY_ill tiate after lhe Chanp D.te ulllil the .11lOWll of my. moathly
<br />paymellt dla...... ap&tt.
<br />
<br />lEI Neciceol~
<br />
<br />The NOte Holder ..ill deliver or mail ~o mc a ooti<le of any dtalllCli III my tnteRlI ralC "nd the amount of my
<br />monthly pay_ bef~ the c......... date of any chaa&e. The DOlI" will indude inform.tion required by law to be
<br />c....,n me and also the title .nd lC!epbonc nvm-ber of a penon who will answer .ny q_tioa I may have re,ardin, the
<br />_.
<br />
<br />1.'1 ____'s ...... 10 u.it MMdoiJ Pa~t
<br />
<br />tJAleM s-.o... 4( H I aad 4( I) below will DOlllCfm.t me 10 do so. I may choose to hmitlhe amounl of my new
<br />_tbly pa~t fOlIowiq a Clulqc Date lO the a_t I have been payin, multiplied by the numbc'r 1.07$, This
<br />__IIi c:aIled the "~ra)'1llCDL" If I e~ . u.iW P.,..t ...,. _Ial)' ...)'~ I _t p,. lit.
<br />Net. .......... tItat 1_........ .tleut 1.5.,. Itef_ .Y fint _ -"" pa,-I Is ..-
<br />
<br />IG I ......... t. M, \1..... ~
<br />
<br />If I ~ to pay the UmilC4 Pay_. my moatltly pay_~ oould be lea than lhe amounl of lhe \QI.......
<br />pot1IOI> of the ~ pa~ thaI lItOuId he wftIcientto rep.y Ihe unpaid principal I owe al thlt mon~hly payment
<br />Ii_ ID ruU Ott tk ItWItIIrity da. in ...t.tutially eq.... ~mcan. If $0, cadi ft'lOllth that the L10Uted Payment IS Ie..
<br />Itla:a the ""etat poniatl. tItc Note Holder will wbUact lhe Umufll Payment from the amollnt or Ihe lfl~erc$' pomon
<br />
<br />--........................--, y-,,--..........----
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<br />J'(ltftl)"Ot llrIU
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