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<br />84 - 003505
<br />ADJUSTABLE RATE RIDER
<br />
<br />(I Year Index-Payment Cap)
<br />
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<br />THIS ADJUSTABLE RATE RIDER is made this ....2.~tl} day of ...... ...i!.llJ1~.......,.........,... 19 .?1.... . and
<br />is ineorporatedinto and shall!:-e deemed 10 amend and suprlemeor the Mortgage, Deed of Trust or Security Deed
<br />(the "Security Instrument") of the same date the undersigned "Borrower") 10 secure Borrower's
<br />Adjustable Rate Note (the "Note") (0
<br />. (the "Lender") of the same date and covering the
<br />described in the SecurilY Instrument and located at:
<br />
<br />2816
<br />
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTEREST RATE ANI) THE MONTHLY PAYMENT, THE
<br />BORROWER MAY UMlT MONTHLY PAYMENT INCREASES TO
<br />7WJ, EACH YEAR IF THE PROVISIONS OF THE NOTE PERMIT Ii.
<br />
<br />ADDITtON'L COVE"'''NTS. In addition to the covenants 2nd agreements made in
<br />Borrower and Lender further covenant and agree as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The Note provides for an initiai interest tate of ..+.:t,.7.5.. %. The Note provides fur changes in
<br />the monthly payments.. as follows:
<br />
<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'S RIGHT TO
<br />MENT
<br />
<br />(A') Change Dales
<br />
<br />The interest rate I will pay may change on the 1m' day of. .. ..J.1,lJ,y .......... , 19 ...J15.....,
<br />that day every 12th moorh thereafter. Each date on which my lfiterest rale could change is called a
<br />
<br />(8) The Index
<br />
<br />B~gjnnjng with lhe first Ct.ange Date, my Imere-st rate WiU ~e based un an Index. The "lndex'"'js
<br />a,,'erage YIeld on U.njt(~:d Stah'S Tn~a_....ury securities adjusted W J C-Ofistant maturity of 1 year. as -m.ade
<br />Federal Reserve Board. fh: most rel:ent Index figure available as of (he date 45 days before- eath
<br />called the "Current Index. ,.
<br />
<br />if !he tndex i.\ no long.er avaiL,:ble. the NOle Holder \l,.'lll choose a n;:w index which is based u~n
<br />infvrm~niun, The Note lhJ1Jt:r ,,!"'iil give me notice of rhi~ Ch0icl~
<br />
<br />(C) Calculatiun <If Chang~s
<br />
<br />Refore each Change Date, the Note Hoid~r ."in \:nJcuti.He' my new Interesl rate by adding ....,S?Dg..9-!}Q.....,.,.
<br />..,iix-:teotrn.... ...... ;"'r<'el"a~c P"'IfHS' ...X,,\).. ... %') to the Current Inde... The Note Holde.t.
<br />~Io'lij then f0und !ht:- result 01 (~HS c-dJiti(ln to the ne.He5.-t o~ie-<:ighth "fone pen::emage point (0-.125%). This rouridc,d
<br />amOUnl will he my I:ew inkn.::Sf r,It..: umil the nexl Change Datt.
<br />
<br />The NOle Holder Will Uteri deler mine (he 3HK)-UUt of the fno~;!hly payment thaI wi}uld bf..~ sufficient to repay the;
<br />tm-piijd principallha"i I am ("xp.e('te-J 10 owe at the ChJ-l1g.e D;.uc ~J1 I"\JH on Ihe maturity date at my jlCW jn'ter~s-t-r:ahdn
<br />substantially eqiial payme-nts. "n~e (e~uJt \.)f thIS cakul..ujoh is ca!IeJ the "Full Payment." It will-be the new amount,of
<br />my monthly paymem ullle!)_", I choose- ihc ..1IW)uIlt p~:'rmilic-d- hy Seclicm 4( f) below.
<br />
<br />t D} Elfe(ii\'t~ Dat~ or Cha:n~t~
<br />
<br />\.~v f\-!,~l.l.' "U"'~>H_~ "~':. ";:.~! ~.':::';:-:.:.:- ::::':-'::::'...: ",; ..:_~~;; ~::;'.~..~~;;.: ~:.:c ; -;.:!: ~~-.,- d:c ;':;'::iC;J...t ;;f- ;;;:r' ;:;,c-':". ~t;':ul.~:li)'
<br />
<br />paymclH r.egmuing on till:; I:r~,l m(intnl:., paym?nt J:Ht~ :Ji'te-r the Ct1ilJ'ige Dat~ unol the amount oj' my mlH1thly
<br />pa:weH{ changes. again.
<br />
<br />(l'l Notice of Changes
<br />
<br />fhe NO,k Holder wit! tid;v~r or mail to dlC J n '~h,,{." ;)i' ~U1Y thaH};c> in my interest ;2;tC and the ~laluUl1t l)( i'!1Y
<br />monthly p.l)'fftem before ~hc dTeCllvt' j;:He 01 ,1HY cha.ni'J~ Tht !wtl('C wlli include information requircd by l~\~' :() be
<br />giv-cn me and alSO the \ilk- Jnd Ici?p-h<)ne number 0: a J:<f~on ',.I.'h(l wi;! an\\~cf any question I ma.y hwt' fcga.rding the
<br />notice.
<br />
<br />(F) BOfrOWef~S Righi to Limit r.louthly Paymoi:n.
<br />
<br />Unles:i._ Sections -it H) .Hid 4{ I ) bdow wlH noi. r)ami1. file ;(l au :.-'). i ma) ChUiJS-C (I.) llmit the amom1t :..)f my new
<br />m-onthiy pa)meni: fo!-hy;i"ing a Change Dale iCe thi;. JtHOUIll. 1 have b...-':~!l pa}'ltlg nruHipiied by lhe number 1.075. This.
<br />amount tS catled the >, LtmiH:u Payment." If 1 fho-ost ,Ii Ltmite-d Paymcnl as ftr)' montM)' palmenl~ I must l(h-f~ (tit::
<br />Note HoMer n-otkt:- IhliltI iUU doing sO iIll le(jfjl 15 ditl'!l uefnf(~ m)' firsl nt.'''~ rHQnthl) Pil;'rnel1l is dlJC,
<br />
<br />(G J Additions 10 My Unpaid Prindp.1
<br />
<br />L
<br />
<br />If t -(-houl'e tlt) pay lhe LImned Payment. !fl.,' mord,h1y p;;tymem ..;-,mhJ be !es-~. than the .Hfh)U!i{ et th(~ lfHtrl;'.Sl
<br />~~iQ-n of the .monthl~ paymem lhat w~Juld be suffi,u:nt to rcpa;; the unp,,-,hl principal f owe J1 the rl!0tHhly pgymefH
<br />03\(: in (un O'illhc mawHt" da.h~ il) subinanllaHy cipJJl p3.YtnC'tlls. If '.d t'cich !'!-lumh diil! tbe LinHh:-d P~lVt~'.(~ni ks,-)-
<br />fhaPi_~~ inittesl pOrTion. ,in: N(~te Hulder wdl }-Ubtnll...l ih~ Lunit',:'d Pa~m-t:rH f;'<)IT.i th~ a(l--,~:<WH ((i(: jnt~J...:)t ~::QrtU.HI
<br />
<br />I14ULnaTAta _~T-MN..!: AA1E aaot:-R......1 v.. r-~ i-nl!."'.1-.._~;,..\~,. F';e"'^''y...-Fl'UifA,:Floti,)iC V~J~!l; \t".i'W">4'.d
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