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<br />ADJlJSTABLE RATE RIDER
<br />(lYea. Index-Payment Cap)
<br />
<br />84 --003543
<br />
<br />THIS ADJUSTABLE RATE RlDERis made Ihis .....2pg" day of ..................,.JYly:,.,..."..~"..,. .19 ...,~,1,. and';
<br />is incotpOrated into and shall be deemed to amend and supplement tbe Mortgage. Deed of TruSt or Security Deed"
<br />(the "Security Instrument") of lhe same date given by, the undersigned (the "llcrrower",) to'seeurellclfowers;
<br />AdN~(able Rate Note (the "Note") to ...,.....""........,,,:......SJ.lpex:io;r..MQ!;tg:a9.~,..,;W~,',;.,,,..:.....,.......,..",'.....",....,'.
<br />......",... (the "Lender"). of Ihesame date', and covering the'pro~r
<br />described in lhe Seturilylnslr1.lment and located al: '
<br />
<br />~.- "
<br />,:}',,:;;'.'
<br />
<br />,4.DDrrtQNAL C"VF.NANTS, In addition to the covenants and
<br />Borrower and Lender funher wvenam and agree as follows:
<br />
<br />
<br />,....J.n,~..$qy.th,.);\J.i1;j.,DSl,,:;,gJ;@ILJ1?lM9f.,~..,J&~n,
<br />I ProJJ<'ny Add,,,,,
<br />
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FORCHA.NGES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT.'rnE
<br />BORROWER MAY UMIT MONTHLY PAYMENT INCREASJj:S TO
<br />'7'h% EACH YEAR IF THE PROVISIONS OF THE NOTE PERMnIT,
<br />
<br />A. INTEREST RAn: AND !'vl0NTHL Y P A \' MENT CHANGES
<br />
<br />The NOle provides for an initial interest rate of ,)),.,,2, .... %. The Note Fovides for changes
<br />the momhJy payments, as foiiows:
<br />
<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'S
<br />MENT
<br />
<br />(A) Change Dates
<br />
<br />The interesl rate 1 w,lI pay may change on the ;.",:t day of ,..l\!lgt.!!?t.,.........,......,..... ,19
<br />that day every l2th month lhereafter. Each date on which my interest rate could change is' calhd
<br />
<br />(6) The Index
<br />
<br />Beginning with the tir;;t Change Date, my in~ere~;t rilte wiH b(~ based on an Ind~x.
<br />average yield on United S!ate~ Treasury securities adju:;.te:d to a consrannnaturity of I
<br />Federal Reserve Board. The most rect'nt index figuTe 3vaiiable as of the uale-45 days
<br /><:aIled the "Current Index."
<br />
<br />If the Index. h no longer avajjable. loe NOle Holder-will choose a new index:which is bas.ed
<br />information. The Note Holder will. give me notice of this -choice.
<br />
<br />(C) Calculation of Changes
<br />
<br />Before each Chan~e Dale, the NOle Holder will calcuhne my ne,w interest late by adding
<br />_ ..2.~::-<t.~[1:tJ~~_ ...~._.. .p_c.,... .....'.>" per~emage points ( "Wq...~.~.~. %) to the Current-index.- The
<br />will then found rhe result of this 3ddition to the nearest one.eighth of one percentage point--( 0,-125%).
<br />amOL,-nt ......-ill be my new intere:;t r.H~: untd the -next Chal1ge Date.
<br />
<br />The :-<oteHolder will then de,ermine the amoun' {lfthe mDotilly paymem thai would
<br />unpaid principal that I am expected to owe at the Change Dale in full on the maturity date atmy new
<br />subslanualiy equal payments. The resul, Df Ihis cakulati{lnis calied the" Full rayment." It will be the new
<br />my monthly payment unless i ('hoose the- amount ri'(~rrniHCd by Section 4{ F) below.
<br />
<br />(D I Effective Dale of Changel;
<br />
<br />My -JlC=W inlerest rate wiii become dTectjve on each Change Date. i. win pay the amount-()f my new mQuthiy-
<br />paymera beginning on the first momhly payment date atler {he Change Date until _the amount of my monthly-
<br />paymnll d13n.ies again.
<br />
<br />(El Nolie. of Changes
<br />
<br />The ~'Vle Ho},jer will de!tvcr or matllO m{~ a notice or any change:. in my inle-resi ralt: anJ the amount Qf my_
<br />monthly payn}(~nl before the i;ffeL:tivt' Jate nf any change. 1 he i1t.lice will include information required by law to be,
<br />giv..:n me and al!'.O the tlde -Jnci telephone number of B: [':t'rson who Will i1u,;:\.\-".:-r any quc~,tlon I may hav~ f,,-,gil!dmg lht'
<br />nm.ke
<br />
<br />(F.) Borro'fliler's Right w ljmit Momhly Payment
<br />
<br />Unie~s S-C(.,lOIlS. 4( HI aG.d 4( I J below Will nu: vl::rnHl me ~o do ::.C-, 1 f'1ay Ch0-05~ 1>:_1 L:ni( (he J.!HOluH of my fl~""-'
<br />mOOlht)' paymc:n foUowmg J (h;,\ngt~ f).::ltc :-0 !ht': amount ! ha't\~ ht.:-cl'l paynlJ, i!1UltlplH..rj b) i:he ni.JiTlh(~r : u75_ -ThiS
<br />an:lOUn\ is. ca.l!ed the "Limited, Paym';;::fJi. If ! cho;o~l.:" Umiled Pa;,rnenl ;,{;-, my l.iwnHd}' Wd~'mct~L J -must ~lH': tb(~
<br />NOle Ho-lder iHJlic-t: ,hat I ",in doing s.o at l~llS.t i5 -dOl)'S ot'iorc HI)' hn,t i;..:~,. monthly p&j'1Hcnt is {;uc.
<br />
<br />(G) :\dditions to My i.JI1i-".id f~rbd-p>>.i
<br />
<br />L
<br />
<br />if j dluose t,.: P;lY ~hc LlniHeJ P::!Yl'nCHC m: nwmhly pJy~n;,~il.( (:.,';..1
<br />p1)rtioP-1,.,1 {ht;' m,)iJLhly p.ti.}mc-(H tb_:Jl ','\ioUId b(: ~:liml'_\r..'nt ,t,' repay vnpaJi.::
<br />tjdh.~ if I fuU (H'! 1hc malurH-Y tJ.:ne i~~ $uhs-tJjm~dly eq!.1-.H Fayn'iC1U"< 11 ""-', ;n0r~;:h dUt
<br />;,har; \_he inter-c.;;l !")i)rti0n, 1h:.: NoH.' i.hllde.f vdl !>Ubtr,i',:-. ;~',\' P<.i)"T'-':~Ii. :0:-0:11 '(h~"
<br />
<br />
<br />~;, th(: mi,::rnhl)- p;J}m,:or~t
<br />;1;: Lm.t,-"d Payrn.-,<fii
<br />
<br />\~!j: imt.~I;,,:~{ p.;);,
<br />
<br />-MUt:tl81'A-r. ADJU.S14lJL1t AAri', I;UOU->.l '(HI" 'lreM1U'Y ljXJli!."--~ nw-,jl; (~n',~;--,_f-t"~,,..._ ,t',a..M-C U~-;ik.t"; h"h,_,n',,;;'
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