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<br />84- 003417
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<br />UNCOI.N
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<br />I"oan No, ""58248-'1~;.8
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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 PROVISI(>>l:,A-b~i-{G-;BoB-. NGES IN THE INTEREST RATE, IN-
<br />CREASESN INTEJI~RA WILL RESULT IN HIGHER PAYMENTS,
<br />DECREA WILL RESULT IN LOWER PAYMENTS,
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<br />This Rider is made this ......f.I'?t!:\...,..... day of , ..,...,......JJ.me......... 19.8.4.... and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage. Deed of Trost. or Deed to Secure Debt
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor.
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<br />~tr:~rt~,r.~t~r:~~::~:~v.~~i.s.::i!n~:::~~~~::)i~~!?:9.~~j;i~i} ::9.f::~inqQi:n:;: :a::'jjiiij;~d::Sj;;;i~~::~~;;;~~;ti~~:::::
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<br />(the "Lender") of the same date (the "Note") and covering the property described in the Security Instru-
<br />ment and located at .2.?~9....?()Il.th...c;o.g!')J.!L......., .. ...............Gl'and,.Is.1and.,..-Uehva.ska.....6880.1..........
<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 RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL...JJ..5.~,O...... %
<br />Interest rate changes may occur on t.he 1st dpv of .......,............,..Oc,to.bel?....... 19.8.5.... and on the
<br />1st day of ....,..,............,.........J!m)J!~J'y......,. 1ge.6.... . on the 1st day of ,.,...,.....,..........App,i-1.......,.,.. 19-36..,
<br />and on the 1st day of ,.... .........,.....J)J.:\.,y:,............, 19.8.6.... and on those dates of those months in every
<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 and inte.est payments to adjust amortization of the loan to correspond with
<br />interest rate .:~~:'_ shall be made on the 1st day of .....,........:...............)'ul;y..c....,.....;.., 1!W;..... and on that
<br />date every .......,................ year(s) thereafter, Each date on WhICh the pnnclpal and mterest payment may
<br />change will be 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 the "Index".
<br />Check box(es) to indicate Index,
<br />(1) 0 "Contract Interest Rate. Purchase of Previously Occupied Homes, National Average for. all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board,
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<br />(2) lO A'<U\llltal:!le..Rate.. N.Qte...~.. .Montbly,..av:er.age..yiel.d .,on"U .S,....Tl'eas-ul'y..Seeuf"Hi:oo,.,.,
<br />ad just~g...t.Q..a,..c.Qnll.tant..lIlatllrit)r..o.f..l..yeal?..publ.ishe.d.. hI{. ..the..Q.ooeva1.,R€Bel'v&..BoBf'<h...""...........,
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<br />Check box(es) to indicate limits,
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<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 to in the Note. will be t.he 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 interest .rate that I pay shall not decrease more thl\l1 ....................
<br />percentage points on any Rate Change Date,
<br />(4) {] If this box is checked. the interest rate that I pay shall never be more than +3,.95&...,..%
<br />during the period I have my loan, .
<br />(5) {] If this box is checked. the interest rate that I pay shall never be less thanfT.......,..;.,....%
<br />r1uring th-!:' lJ"?'finr! T h~v~ my 101m,
<br />(6) 0 If this box is ch~('ke-d. the prL'1cipal and LJ1t.erest payment that.! payshal! not increase,more
<br />than ,....,...,......... percent on any Payment Change Date,
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decreasem()re
<br />than ,.,...........,...., percent on any Payment Change Date, .. ,
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<br />The monthly payment amounts will also change on Payment Cbenge Dates as proyidedin .the.:Note.
<br />Because payment changes may occur less often than interest ratechengesand/ormay besubjeqttocet'tain
<br />limitations described in the Note, the monthly payments may be insufficient at times to <payaCllrulng
<br />interest, In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter,
<br />Foom ...
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