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<br />84 -e02994
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<br />ADJUSTABLE RATE RIDER
<br />(\ Year Index-Paymen' Cap)
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<br />THIS ADJUSTABLE RATE RIDER is made this ....5tb., day of ,.,.....J.une,........................,.., 1~.4......,. and
<br />" Inwrp<>rafed into and shall be deemed fO amend and supplement ~he Monllaee. Deed of Trust or Security Deed
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<br />~t~tu,;;~~:~~t:n~t:::emtt~~~.~~t~~~) ::me$~~~,.~;~~~~~~..~,t~~.....,~:~~~~:,)..t~..:~~..~,~~~~~.'~
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<br />........ (the "Lender") of the same date and coverine the propeny
<br />de,mbed In the Security Instrument and located at:
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<br />4l2..~"..~AAg,.+,1!1),~,'..~ ..~,?~91,.
<br />I Prope"y Ad~""'1
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<br />THE NOTE CONTAINS PROVISIONS AlLOWING FORCIJANGES
<br />IN THE L"iTEREST RATE AND ritE MONTHLY PAYMEN'i". tHt
<br />BORROWER MAY UMIT MONTHLY PAYMENT INCRLQESTO
<br />7rn~ EACH YEAR IF THE PROVISIONS OF THE NOTE'PERMlT-iT;'
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<br />."oorrION"L COVDI.u1T5. In addition to the covenants and alf""menlS made in
<br />Borro""er and Lender funner covenant and aeree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The S ote prOVIdes for an Iwtiallnterest rate of 11. 2 . %. The Note provides
<br />the mon'hly payments, as follows:
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<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'SRIGHT'T(}
<br />'\1ENT
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<br />( A I Cllule Oa'u
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<br />fhe mtereSt rate I wJii pay may chanee on the first day of ..,.......J,lJly......,........"'........,. 19 .,1;\;1......,. and.Oii"
<br />,hat day every 12th month thereafter. Each date on which my Interest rate coula chanle is called a "Cball&e',J)ale.'"
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<br />(81 The Index
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<br />Bellmmne with the first Chanee Date, my Interest rate Will be based on an (odeL The "Indell"is tbe..wceldy
<br />.'erage YIeld on Vnned StateS Treasury ,",eunues adju..ed .0 a constant maturity of I year. as madeavai\ablebyth~
<br />f'ederal Re".rve Board. The mo.. re<<nl Indu fieure available as of the date 45 days before eachChanae~D.tt;;is,
<br />"ailed ,he "Curren< Inde....
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<br />If the Inde. " no Ioneer avallable, the Note Holder WIll choose a DeW index whiehls based upon comp.rab1e'H'
<br />In!<..1(mJ,uon fhe Note Holder """ill live me DOUce of thlli choi\.-"l:.
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<br />I C I Calculation of Cha".n
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<br />Belore ..ch Chanlle Date, .he NUle Holdetwlll calculalc my new In,erest rate by addlna ....."'~,:.~,.,"""...,,.
<br />perce..l.,le point> ( :L",~"......... %) to tbe Current Index, The NOlll-HoIder'.
<br />~ tilthen ,,,und lhe ,esult of th.. addlt",n to the neare.. one...,i,lhth of one percenlale point (O,125%), Thjs.roun~d"
<br />.Hll(Junt \It.'ill be m~ new mlele'51 f.alC unul the next Chan,c Date,
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<br />the "Ole Holder wulthen dctcrmlDe lhe amount of the mon<hly payment that would be $ulli(:ient to repay ~he
<br />unpaId pnnclpal .hat I am ..pected 10 owe at the Chanee Date .n full on the maturity da,e at my ne...interest rauti"
<br />,ub>tantlally equal payments. The result of .hi> calculation" callcd lhe "FuJI Payment," II will belhe new amount of
<br />my monthl) pa)ment unleu I choose .hc amoun< permmed by Section 4( F) below,
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<br />I ()) Elf<<ti.. Dale of Challa""
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<br />\1, ne'" IDlere" ute wul become elfeclOve on each Chanlle Date. I will pay the amoun\ of my new monthly
<br />pa, me III DelllDOInll on Ihe fir.. monthly paymen' dale after Ihe Chanee Oatc until the amount of my monthly
<br />pa) m<:fH i.:hangc!!. ai_un
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<br />'E I No.iee of ell a...""
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<br />r hc ~\,)1e Holder \It'lll dch\lcr or moil! to me a nonce of any chane:es 10 my interest rate and the amount of my
<br />mvlHhi~ p.J)Incm befor~ the ctfecuyc dale of an)' chanee-. The nOlJce will include information reqUired by law to be
<br />gr~(fI rn(' JoJ als.o the talc and telephone numb<r of a person who wlH amiWer any quesuon 1 may have reiardmg the
<br />fl0Ih.t'
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<br />If" l 80rru"<<I's Riabt '0 Untit Monrllly Payment
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<br />L nk!t~ $eclU.)n> 4{ H) and 4{ I) t>cto\j. wiB nOl permit me h.) do joO, I may c:noose to limn the amount of my new
<br />Inonlhl, p.,mem foliowlni a Chanlle Date to the amounl I hne been payulll multiplied by Ihe number iOn. ThIS
<br />J.fTh)Um i\ ",ailed thl: "Limned P.ymem."' If J ('boose. Umhed Paym<<nt as Ill)' mo,nhly payment. I must ,h.e the
<br />'01< Holder notice that I am doina '0 at lea.t I! day. before my lint ne.. montbly paymen. is due.
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<br />I G) .o\dditi..... 10 My Unpaid P,in<ipal
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<br />If I du",,,, to pay tbe LImned Payment, my monlhly payment could be Ie.. than Ine amount or ,he 1i1lere,1
<br />I'<,,,,on "f ,he month.ly payment lha. would be .uffictem 10 repay .he unpaId pnnetpai I owe "Ihe monthly paYOle",
<br />d~!( Hl full un lhe mall4nty dAte 10 iuollinuaHy equal pa~Ol1-enb, If W, each month that the: LmlHcd Payment IS ic~.\
<br />;h.lo lhe HHCfC\l poruo-n. the Nou: HoJdt.r wlH subua~'1 the LlmHed Payment (rom the- amount of the ml~re\1 poruvl1
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<br />MtII.mJAU AOJUaJ...... ""_"-, V_ T-r _._....... ,__,....,_ _......._
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<br />fQOjtt1 IN)1 1} $..1
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