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<br />84;- ,004400
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<br />ADJUSTABLE RATE, R..TDER 0908369,-0
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<br />(1 Yellr Index '- Payment Cap )
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<br />. , 24th' , ,August ',,',,' u,84
<br />THIS ADJUSTABLE RATE RIDER IS made this .........,.,. day of....,.,.............:...,..............::,...?19:.,......
<br />is incorporated into and shall be deemed to amend and supplemenllheMongage'l)jred'Of':rnist/>r,;'$': '.
<br />(the "Security Instrume!}t") of the sa~ l!~lf ~\WHI'<~'ilPfundersigned(theuBOttowe(')to.'
<br />Adjustable Rate Note (the "Note") to ..,~,...........,......,..........,'..J!',S:....,.......,.......,...,',......;..,.,......,.;",.",;,.
<br />................................................................................ (the "Lender") of the same, date and'd:c)veriJig.'
<br />described in the Security Instrument and located at:
<br />
<br />;'-':"""
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<br />.,',f!,f.1f:.,?~.Y.~",!)xJ.Yt;.,",.,.".,..,QJ:,~.!11..,1,1!,1.{l.!1:!."',!Y.'?,?!~,~~~.......,...,6,~?!?~..".,...,""..,,..,".,.........,.,..;,......;.:....:!:.L..;:::L.;
<br />I Propcny Address 1
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<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE
<br />BORROWER MAY UMIT MONTHLY PAYMENT INCREASES'TQ
<br />7'h% EACH YEAR IF THE PROVISIONS OF THE NOTE PERMITlT;
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<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Sec:uriIy:Instrul1lent;,
<br />Borrower 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 provides for an initial interest rate of ..,q,:,9.g,o., %, The Note provides for changes in the illterest'tateaDd '-
<br />the monthly payments. as follows:
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<br />4, INTEREST RATE AND MONTHLY PAYMENT Cl ."<GL8; BORROWER'S RIGHT TO UMI1"P,(Y-
<br />MENT
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<br />(A) Change Dates
<br />
<br />The interest rate I will pay may change on the first day of ..,...S.ep.t.eOl.b.el:.................... 19 ..ilL...,. and on
<br />that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date."
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<br />(B) The Index
<br />
<br />Beginning with the first Change Date, my interest rate will be based on an Index, The "Index" is the weekly
<br />average yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by the
<br />Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date_ is
<br />called the "Current Index. n
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<br />If the Index is no longer available. the Note Holder will choose a new index which is based upon comparable
<br />information, The Note Holder will give me notice of this choice.
<br />
<br />(C) Calculation of ChaDlles
<br />
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding .............................,
<br />......:/...7.50......................._...........,...... percentage pomlS ( m..2..,l.5.ll. %) to the Current Index, The Note Holder
<br />will then round the result of this addiqon to the neare~t one.eighth ofooe percentage point (0.125%). This rounded
<br />amount will be my new interest rate unul the next Change Date. Howe""r, the new interest rate will never
<br />
<br />ex"""th~~l.;;Aolder will then determine the amount of the monthly payment that would be sufficient to repay the
<br />unpaid pnnclpal that I am e,<pected to owe at the Change Date in full on the maturity date at my new interest rate in
<br />substantially equal payments, The result of ,his calculation is called the "Full Payment." It will be the new amount of
<br />my monthly payment unless I choose the amount permuted by Section 4( F) below.
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<br />(D) Effective Dale of Changes
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<br />My new interest rate will become elfective on each Change Da,e, I will pay the amount of my new monthly
<br />payment beginning on the first monthly payment date after the Change Date until the amount of my monthly
<br />payment changes again,
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<br />(E) NOlice of Changes
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<br />The Note Holder will deliver or mail to me a notice of any changes in my IntereSt rate and the amuunt of my
<br />monthly payment before the elfecllve date of any change. The nOllce wIll mclude mformatlon required by law 10 be
<br />given me and also the lule and telephone number of a person who will answer any question I may have regarding the
<br />nouce.
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<br />( F) Borroover's Right to Urnil '''Ionthly Payment
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<br />Unless Sections 4{ H) and 4( I) below will not permit m~ to do so, I may chouse to limit the Jmoum l)f m,Y n~w
<br />monthly payment following a Change Date to the amount I have been paYing multiplted by the number 1075 ThiS
<br />amount is called the "Limited Payment." If I choose a Limited Pay'ment as my monthly payment, I must give the
<br />Note Hoider notice that i am doing so ai ieast 15 days before m)' first new mon(hi)' payment is due~
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<br />(G) Additions to My Unpaid Principal
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<br />If I choose to pay the Limited Payment. my mOnthly paYffiC-llt i.:ouid be: less than the amount nf the 1l1lerc:-.t
<br />ponJon of the mOnthly payment that would be suffiCIent to repa) the unpaH,i prith.~lpal I owe at the momhly pJjfl1t'lH
<br />date tn full on the maturity date in .'jubstantl3l1y equal pJ.ymcnb. If SQ. each ll'h.lCHh that ,he L{mll~J Pa) mcrH l~ h.',~
<br />than the interest ponion, the Note Holder WIll subtract the Limitt.'d PaYfTlcnt f.\Jm th\:' .l.m,)um ,)( the llHL'l'C:.! plHth.lll
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<br />MULnSTATE ADJUSTA81.E RATE JUQER-l Y..., Tr..aury Ind."-SI/)Qle femilf-'-NlIA,F'MLMC lJ.nltann In.tfum~.
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