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<br />8~.- 0049(10
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<br />Loan No. ....!i9,lJ,";;:!.1;=:HL~.
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE.SECIJRITYJNS'11tUMENT SECURESANOTEWHICH.~blT
<br />A PROVISIONI'i~~~.~c,u[ANGES IN THE 1~],tA..~:
<br />CREASES. IN 'f':fffi'i'N'l'lmFJS<<P-R-M'B WILL RESULTIN ~G~P
<br />DECREASES IN THE INTEREST RATE WILL RESULT~INLO'WEJtP'N
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<br />This Rider is made this ..,...lO.tfL..... day of ....,....uu..._.....~... .19JfA..,andis'
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust; or 'Deedtb'..... . .... .... . ........
<br />(the "Security Instrument") of the same date given by the undersigned (tbeuBormwer'~Jtb~?':";~";
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<br />(the "Lender") of th~me d~te (tlr "Not.e") and ('OVeringtheJ:ro~delli!rjbedin.tha
<br />ment and located at ....".:,.?~,:':..!1'OIl..!;.........................,."...,......J:<t~.~...,,~*~,~,~.t..]!l!1l~~tm...
<br />Property Address
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<br />1\fOmFICA'fIONS. In addition to the ('ovenant..~ and agreements made in the SecmitylnstnJlne'Iti,B~:.
<br />rower and I..ender iurther mvenant and agree as follows:
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<br />A. INTEREST HATJo; AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL....1}..,~9,O....%
<br />Interret rate changes may occur on the ]st day of ........., ..........,..,!!l~~?r.Y......" 19;~...and~..~.
<br />.1st daY of ..............,..,~p.r,ilm...d. 19.8.6.,,, and on thE IS1 ..:'i of .,...............,.....i!!,!J.y.........__.:iUt.~..
<br />and o~ the 1st day of .........,......Oc,t,ober" 1981 "nd on those dates of thosemonthll;in~,
<br />year thereafter, Each date on which the rate of interest may change will be called a "Rate Ch!lnge:Dif,ta'+.
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<br />Changes in principal and interest paynwnts to adjust amortization of the loan to ~mt with,
<br />inh>rcst rate chan!(e6 shall he made on the 1st day of ............. ....,.......Q~tQller,.....,..196b..", arid.'.on.~,
<br />date every~-::-:-:',':"-:~... year(s) thereafter. Each dat.e on which t.he principal and interest payment may
<br />..hunge will he "ailed a "Payment Change Date".
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<br />Changes in the interest rate are g-ovemed by changes in an interest rate index called the "Inlks".
<br />Cheek holt(es) to indicate Index,
<br />( ! l L.J "Contract Interest Rate, Purt'hase of Previously Oc,cupied Homes. National Average for all
<br />\lajor Types of Lenders" published by the Federal Home Loan Bank Board,
<br />(2) :r.' A(jj\l3j;aRle..R~.tf.'No1;e.-: 140l)f.111y avel:'!lg~yiE)),g.,Q,nJ.kS..r:r.~alll.ln'-,SIll'J)Jr.1t1.e.an.
<br />:.djusted t().~-conll~ant, :n;'lt,ur~ty Of 1. J.ea,r pl,IP ~ls.h~d .t.>.YtJ:1ehfp'<:j,'i\rnla~lIery.e:,.l}J},!l.,r.<t""......".m....
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<br />Ch(;'f'k box!es) to indicat.e limits.
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<br />'" I} CJ If tl'J:: be: i.~ t~het.....l.tf.,.~~ t...t.:e!"C will be no n1!lximu..'1l !itnit on cftJU!.gee 1.,11 the int.e!"eSt. rat.e up 001'
<br />down. The Preliminary Rate re{elTt'd to in the Note. will be the new interest rate,
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<br />(2) :J If thi" box u. ch""ked. the interest rate that { pay shall not incn'.ase more than" .................
<br />l,,-,rct'ntage points on any Hate Change Dat.e.
<br />t:i) f'-; If tiu~ box i~ chE('kt'd~ the iuterext rute that I pay i-Ihall not docre.a.ne more than ,p.
<br />pelw.ntage' points on any Rate Change Oat('.
<br />(4) l)g If this box is "ha,ked. the interest rate that 1 pay shall never be more than . 11t..9.5Q"_,, %
<br />during the period I ha>,e my lonn.
<br />(5) fXJ If this box is "heck",), the int~'rest mte that 1 pay shall never he less than. 10...9.50"...%
<br />during the period I have my loan,
<br />Ill) If this box is chet'k(.d. the principal and int"rest paym"nt. that I pay shall not increase more
<br />than . percent on any Payment Change Date.
<br />(7) ..... If this box is checked. the prindpal and interest payment that 1 pay shall not decrease more
<br />than,... percent on any Payment Chan.ge Date.
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<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note,
<br />Be<-alli!e payment changes may occur less often than interest rate changes andlor may be subject to certain
<br />limitations described in the Note, the monthly payments may be insufficient at times 10 pay aL'Cruing
<br />mte.rest. In such CllSt>, unpaid interest is added to the prindpal hRian"" of the Note llnd jL~elf will !\<.,crue
<br />lui~i. th~reHiier.
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