<br />I
<br />
<br />
<br />84-003974
<br />
<br />r
<br />
<br /><<Qz
<br />
<br />Loal'l No, ''''591:]8':-1,"".11:8''''':'
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURElS ANO'I$ WHICRCQ
<br />A PROVISION ALLOWING FOR CHANGES IN TtmINTERES'JJ!
<br />CREASES IN THE;INTE:R?<TE WII..L RESUIJrINR1GHE:R. <. '. ..'
<br />DECREA~ESIN '11fE ~'RATE WILL REStTLTINU)Wl!1RIfAYMSm'S;' .... .... ........
<br />
<br />This Rider is m1\tle~~~:~~it!;,~:::'.~'da;"~ ......,.,...,..........J.uly............. .19",B,4i$11dis.m~*~-
<br />into and shall be deemed to amend and supplement the Mortgage, Dee<\ ofTtust;orDeed,t-l)~:Dl;~r'
<br />(the "Security Instrument") of the same date given by the undersigned (the"Borrower")tosllCUl'e~."
<br />
<br />rower's Not.. to ........"..' ................,.....,...........,............. .., ..,.......".........--...................'i"'..'--'.......-.'".:~.:...,.
<br />1'~,r.9.t,..~~t:I.~t:'!~,..f??y?,!-:lg,~..,!!nc.-l...kQ!Hl,..f,!!J>!I,<;.il'lJ;,j,!I,u ,.oJ. .l..l.llc.Qln.....a.,Uni.ted.;s.t.a:~:.c.d....pprllt~.;.:.
<br />((he "Lender") of the same date (the "Note") and coveringthepropertydescribedmthtl.~ty'''Ifulfirn.
<br />ment and located at J),~!!...?,<?!!J;!L~J;~J1..l)y.i~b...., . ., Gund..,ls.la'Bd., ..N&bt'a&kQ:....~1..........
<br />Property Address
<br />
<br />
<br />c:>_,_/_,_~,,_,
<br />
<br />C:':,>',,"'V;'
<br />;'-;,,:;,..
<br />
<br />MonfFfCA TIONS, In addition to the <,ovenants and agreements made in the Security Instrument,. Bbl'-
<br />rower and Lender further covpnant and agree as follows:
<br />
<br />
<br />A. INTEREST RATE M\D MON'l'HLY PAYMEN'l' CHANGES
<br />
<br />The Note has an '"Initial Intert'8t Rate" oL,,,L2~95.o......%
<br />Interest. rate changes may o('('ur on the 1st day oi . ...... .November....,. 1985,... 911don.the
<br />1st dav of ...l'e~.t;'\1."'D'.."" l!1J.~m. and on the 1st day oi . ...............Ma.}lm........'...., 1986.-.2,
<br />and o~ the 1st dav of ... . "....."....;,I<&.lJ.st..___ .., ]98.6..,. and on those dates of those months in every
<br />year thereafter, Each date on whkh the rate of intt's....t. may <'.nge will be caUeda "Rate Change Date".
<br />
<br />Changes in principal and interest Fayme;. . to adjust amortization of the loan to cornspond with
<br />int.erest rate ('hanges shall be made on the 18t. day of.._.. ~ug!ls\:','-'"'':''' HS6..... and On that
<br />date every. -::-:-:-:-::::-:, . year!s) thereafter, Each daw on which the prmclpal and mterest payment may
<br />('hallge will be called a "Payment Change Date".
<br />
<br />Changes in Ih.. intel"t.s1, rate are govern",l hy chang"l'H in an interest, rate index callell the "Index",
<br />Ch,'ek box(",,) to indkate Index,
<br />(J) U "Contract Inlerest Hatt', Pur..!".,'" of Previously Oc('Upied Homes, Nat.ional Average for all
<br />1'vla.jor Types (If wnden" publ~.hed by the Federal Home Loan Bank Board,
<br />(~) ~,' Adjtl~t."P~~ I{'He"NQte .. !.1Ql1.thly,~vexage. yil':,LLon..U...S...T.r..a..w:y. Sa<:-ur::i.ti"'s....,
<br />ad jus ted to.. ,a "Cl)I1S La ",t...... L urHy. yfJ ye,'H lI1J.b U,;ll.u:.d.. by the.. F.e.dera,LR.."""r.""..JlQ.ard....
<br />
<br />Che<:k boxi.'>\j to indieah' limits,
<br />
<br />( 1) LJ If this box is checked, there will he no maximum limit on challge,~ ill the illterest rate up or
<br />down, The Preliminary Hate rderre.l to in the Note, will he th.. new inter",,( rate,
<br />
<br />(2) t.' If tltisbox is checked, t.he inh,n."t mte that I pay shall not increase more than
<br />!,.',,-:antage points on anv Rate Change Dau',
<br />(:l) C.: If Ilris box is cht'l.keJ, the int.erest rate that l,ay shall not decrease more than
<br />1)t;l'Centnge points On any Hate Change Oat",
<br />(4) U If tltis box is <,h",,'ked, the intere...t mte that r pay shall neVer be more than IJ..9f>O. .... %
<br />during the period I have my loan,
<br />(5) U If Ihis box is chocked, the inter....t raw thai. I pay shall never be less than 9.-9-S0.. %
<br />during the period 1 have my loan,
<br />(6) If this box ~, ch....'Kcd, the principal and inh'n",t payment thai I pay shull not. increMC more
<br />than percent on any l'ayou,"1 Change Date,
<br />i 7) ,... If this box is checked. the principal and interetit payment that r pay shall not decrease mol'''
<br />t.han . . percent on any Payment Change Date.
<br />
<br />The monthly payment 8.I1Iounts will also change on Payment Change Dat.es as provided in the Note,
<br />Be<.'ftllSe payment changes may O<.~UI' less often than inter....t rate changes and/or may be suhjed to certain
<br />limitations described in the Note, the monthly payments llUl)i be insufficient at t.imes to pay accruing
<br />interest., in such esse, unpaid interest is added to t.he principal halance of t.he Note and itself willllecrue
<br />interest thereafter,
<br />
<br />.~~ 843
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />--1
<br />
<br />L
<br />
|