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<br />84 ......' 003273
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<br />ADJUSTABLE RATE RIDER
<br />(1 Ye.r Index"-P.ymentC.p)
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<br />THIS ADJUSTABLE RATE RlbERis made this . .....~~ayor ........,:!.~..........,.....'.m.....' ,19..~.1'~'llIId'
<br />is incorporated inlO and shall be deemed 10 amendandsupplemenllbeMOrtl.ge;DeedofTrustorSecti~IYJ:>eed
<br />(tbe "Seeun!)' IlISInlmenl"~..ofl~e' same dale ~~e~~'flf8:'Borrowe"'flo$C!CllreB6n()We~'s";'
<br />Adjustable Rale NOIe (me NOle ) 10 ...."..............,.........."........,..,..........".............,.."..........................,',..,...,...,.,..........
<br />,........................................,..............,.............,..,.... (the "Lender")' orlbe same datC'.'and 'coverinllhe'j:lI'oPel1Y>
<br />described in theSecuri!)' loslrumenl and located al: ' .
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<br />...........................,..J:.,~,1.~...~..~?~.,::,.,~~~...r.~~,~..,~:...,~,~~l..,..........:..,',."..........,,,.,,;,..,,
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<br />I ""'petty Add.....'
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<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTERIi:ST IUn AND THE MONTHLY PAYMENT. . THE
<br />BOIt.OWERMAY UMIT MON1'HLY PAYMlNT INCREASES TO
<br />7W~ EACH YEAR IF THE PROVISIONS OF THE NOTE PERMtT IT.
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<br />ADDITIONAL C0YDl4NTS. In addition 10. ~e covenants and agreements made in the Security Instrument;
<br />Borrower and Lender further covenant and ag= as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The NOle provides for an initial interest rale of .......11.,,2.2. %. The NOle provides for ehangesinlhe inleresl rate. and:
<br />the m-Ont~J-y payments. Ai (ollowt,:
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<br />4. INTEREST lUTE AND MONTHLY PAYMENT CHANGES; BORROWER'S RIGHT TO UMITPAV.
<br />MENT
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<br />( It. j L"'aae mllu
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<br />The InlereSI rau: I wtll pay may r~ange on the nrst day of ..,.Julll................................., 19 ..B5......, and on
<br />.hat day eveI)' f 21h monlh lhcreafu:r. I ., dale On which my imerest rale could chanze is called a "Change Dale,"
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<br />(8) The Index
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<br />lkglnnlDll w.th lhe nrs~ Cha;,..~ Date, my imeresl rau: WIll be bued on an Index. The "Index" is Ihe weekly
<br />averag.e yidd on United SlaU:s Treuul)' ...curi~icladju.u:d to" ron.tanl maturity of f year. al made available bylbe
<br />Fedeu! Re..".. Board. The most recenl Index 6gure available a. of Ihe dale 45 days before each Change DIne is
<br />called Ihe "Curren. Index."
<br />
<br />It lbe lndn .. 1'10 longer available, .he No~e Holder Will choose a new index which is based upon comparable
<br />wformauon, The 1'1_ Holder will gIVe me nol1CC of Ihis chota:,
<br />
<br />\ C I Cale..lalioa of 0......
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<br />Belore each Chiloae Dau:. the Nou: Holder will cal<:llJale my new inleFC$t rale by addinll ...,~"iillg
<br />"i.><.l:\:l!1.t::l},5............"......."..,..,..... percenlage poinu (,.l.,,~........, %) to Ibe CUl'U'nllndex, The NOle Holder
<br />willl""n round .he result oflbll addition IQ the ll"..ate$! one-e'glnh of one peramlaie po;nI(0.125%). Tni. roun<ie<J
<br />amoum will be my new inleresl rau: unul .he nUl ChaRle Dale,
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<br />The NOlC Holder ...illlllen delermme Ihe amount of Ihe monlhly paymentlhal would be .utlkienlt(> repay Ihe
<br />..."palll pooclpal Ibal I am e~ lO owe al lhe Chanae Dale in full onlbe malurilY dale al my new imeresl rale in
<br />.ubStanllallyequal paymenu, The re.uh of lit.. calculation IS called Ihe "Full Payment," It will be Ihe new amount of
<br />ow moothly paymem un/= I ~ Ihe "mounl permilted by Seeuon 4{ F) below,
<br />
<br />( D) Elf<<Iite D.te 01' Ouu.geo;
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<br />My new Intercsl ralewill bewme eft'eCtIVe on each Change Dale. I will pay Ihe ampum of my new momhly
<br />paymenl beginnlDg on Ibe first monthly payment dale after Ihe enanlOC Dale until the amount of my monthly
<br />paymenl cnangn again,
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<br />(E) Notice of 0.....
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<br />Tbe No", HoIditr will deliver or maulo me a nOlicc of any changes 10 my inlerest rate and lhe amOUDl of my
<br />mon.hly paymenl before the .eft'ccUve dau: of any change. The nOlicc will include information re<llmed by law to be
<br />e:.!\len me ;lond a1:.o- d"~ tide a.u4 le-lephune numb(r of a pef1.Oft who wilt answer any, qu~tion i may have regardmg the-
<br />nott~~ _
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<br />( F) Bono..er's Rlaltl 10 Limit Moalhl) Paymenl
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<br />Unl<>> Seato... 4tH) a[J(\ 4{1) below ....dlool perm!! me to do >0, I may choose to hmlllhe amOUDl of my new
<br />mombly payment following a Chan,e Date lO the amount I have been paying multiplied by lhe number 1.075. Tn..
<br />Ji._Un"~ c.lledtbe "U",iledPaymenl." If le__ a Limiled P.ymelil .. DIY lllOlllbly payment. I musl llive Ihe
<br />Nola JololcIcJ. "I>ll<:c ,otl *'II <k!lAa ao al Ju., IS days before my . lira, ne"monlbly paymenl is due.
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<br />It; )AiI!,Ij~ lI\ My 1ll\Pllld p,;""ipaJ
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<br />lrl 'llvooe .10 pay UK U~~ Payment, my /Donlhl) payment could be Ie.. .han .be amouDl of .be 'mere..
<br />~,,,llbelJii);llhJy paYDjentlbalwQwd buil!lU:i<:nllo repaY Ihe unpaid. principal I owe a'lhe monthly paymem
<br />"<t"',in fl<jlonll)e mawrily.ale ill su~ially equal pay",e".., If 50, e~h monlh lhalthe Ltmlle.l Payment is Ie..
<br />llran the j~....t jiOniotl. the. NOIe Holder wiU.ublUCt Ihe LimllCd Payment frum .he amUUnl of .he 'Olere.. "')It,,,n
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<br />....n.,..".AlilM,.... ""RJIII!tilI-l v_ r......, "*"'~~ '___:"""" ___
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