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<br />84 -' 003365
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<br />Loan No, m'.~~94....1-l:8.....
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<br />UNCOI..N
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTEWHlCH CONTAINS
<br />A PROVISION _ .I\~y>WiN9 FOR ClIA!~GES - n~ THE Ir-ITER~ST ~:":f~ATE~--: IN~-
<br />CREASES IN TFW I!'.'TEREST RATE \'!ILL RESULT IN HIGHER PAYMENTS.
<br />D1WREASES IN 'I1IE.INTEREsT RATE WILL RESULT IN LOmn PAYMENTS.
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />This Rider is made this .., ...J'?,th....,. day of .......................~~,..,......., 1!t).4....., and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage. Deed of Trust. or Deed to Secure' Debt
<br />(tha "Security Instrument") of the same date given by the undersigned (the "Sorrower")to'secureBOr~
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<br />rower's Note to . .................. .........,......... ........ ................................... ..... ..........' ...........................................................
<br />.F..i.r.!;~.,F..e.g~:r.aJ,,~a..v.i.~!?,?ncj..~9~[!..I'\?!:;q!<J?.t~Q!!.. 9.f..L.i.n9:Q~r1.,,' .?.,l.!f)Jt~g".s,j;j~~..QQ;m.Q1.~J;%w.L,
<br />(the "Lender") of the same date (the "Note") and covering the propertydf!8Cl'ibedurtbeseifutit,S> Instrtl,;
<br />ment and located at ..Pl5...~b~.r.ITli1f.I...I"~.fjG.~......................,..............GJ:arJ(LIslar.1d...Nebtask~L,.68aaL,....
<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 I~ATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL.....D..!lBQ.., %
<br />Interest rate changes may occur on the 1st day of ........................ .......october".... 19.,85.. andon:tbe
<br />1st dav of ..............................Jaouar.y....... '9,.86.. and on the 1st day of .........................llpril........., 19.,.86:.
<br />and 0':' the 1st day oI ..............................." 1..jI............, 19..86., and on those dateso! those.monthsin.every
<br />year thereafter, Each date on which the r"..~ 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; correspond .with:
<br />interest rate changes shall be '1l".de on the 1st day of ...............;,.............".,J\4.y..........."...19.SQ.,; andoILtliat
<br />date every ,...","""",~,~..... year\s) thereafter, Each date on whIch toe pnnClpid and mterest payment may
<br />change will he called a "Payment Change Date",
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<br />Changes in the interest rate are governed by changes in an interest rate index called tbe"Il1de~',
<br />Check box (es) to indicate Index,
<br />(1) [1 "Contract Interest Rate. Purchase of Previously Occupied Homes. National Average for all
<br />!\lajor Typ;,.. of Lenders" publi6hed hy the Federal Home Loan Bank Board.
<br />(2) 16] . ~Qjustab.le..Eate,J~o.te.." . Monthly.."a Y.erage ,. '1ie1d"OJ}..U~S,....Ireas.!,jrll...s.ecurities...
<br />"dj ust eu.. to.. a..ccos.taot., maturit)(. "of .1.. y aar,. p ublisbed.. b.y.. .tbe., fede.r.al..Hese.r.ve...8oar.d ~...... ..... ","
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<br />Check box(es) to indicate limits,
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<br />( I) LJ 1 f this box is chocked, there will be no maximum limit on changes in the. interest rate up . or
<br />down, The Preliminary Hate referred to in the Note. will be the new interest rate,
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<br />(2) CJ If this box is checked, the interest rate that I pay shall not increase more than .....,....,......,.,
<br />l)(,f(:<",tage pointg 00 any Raw Change Dat",
<br />(~n [:J If thi.q box is checked, the in(e_t rate that I Pl;Y shall not decrease more than ................,..
<br />perc~ot.ag~ points on any Rate Change Date.
<br />(.t) c~ If this box is checked, the inkrest rete that I pay shall never be mOre than ,..13.9.50",..%
<br />during the pt'riod I have my loan.
<br />(5) {~ 11 this box is (,hecked, the interest rate that I pay shall nev"r be less than ..,0......".."...%
<br />during the period I have my loan, .'
<br />(6) [] If this box is checked, the principal and interest psyment that I pay shall not increase more
<br />than .... percent on any Payment Change Date,
<br />(7) [J If this box is chocked, the principal and interest payment that I pay shell not decrease more
<br />than .... ..,..... ptlrCent on any Payment Change Date,
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<br />The monthly payment alllounts will also ('hange on {'ayawnt Change Date<> as provided in the Note.
<br />Because payment changes may occur less often than Inu,n'est ra te changes and! or may be subject to certain
<br />limitations described In the Note, the monthly pav1J'1<;nls may be insuiIicient at times (<) pay accruing
<br />interest, In such case, unpaid interest b added to the prineipaI halance oi the Note and itself will accrue
<br />inter,;'St thereafter.
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