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<br />r <br /> <br />0908666-4 <br /> <br />?f~nBLE RATE RIDER <br /> <br />r <br /> <br />84,'~... -...~~:Q'Jli2 <br /> <br />'!HIS ADJl.S'1'AllLE RA1E RIIER -is l1llIdeth1s2Athda;yo~<S~P't.eIllbe:l:'.;,:1g811' <br />incorp>l:atl!d.. into ao:Ishallbe deemed. to aJIllld~the ~~,'~'QfTNit:' <br />Deed (tbi! "seo.lrity~~) ofthe_.date&i,*bythe""ldel1ti~,X.~: . <br />Ilort'Oler~s Adjustable Rate lbte (the '1bte~) to'fower Financia:l;..Ii:te,",<- <br />( _d <br />property described in the SeaIr1tylilstrtJllent ao:I located. ar: <br /> <br />902.E. Sun et <br /> <br /> <br />,::;--,,+ <br />~-,~ <br /> <br />The Note Contains Provisians Allowing Far Change.s <br />Monthly Payraent. The Borrawer May Limit Monthly <br />Year If The Pravisians Of The Nate. Permit It. <br /> <br />~ <X1JElII\NlS. In aiditioo to the ~ <br />InstrulmlI:, Borrower and lender fur1:ber COIl'f!M11t and aga!I! as <br /> <br />A. INTEREST RATE AND MONTHLY PAYMEh'T CHANGES <br />The Note prnvide.s fo.r an initial inurest rate of 1 L 500 <br />the interest rate ani the lIJlIltb.ly pa}llll!!lltS, as follows: <br /> <br />L <br /> <br />"4. INTEREST RATE AND MONTHLY PAYMENT CHANCES <br />(A) ~ Dates <br />The interest rate I will pay may cillnge on the first <br />that day ewry 6th 1lDOCh u-fter. Ea:h date on IotW:h my <br />..~ !late". <br />(B) The Welt <br />~ with the firs!: ~ !:Ute. my ir~"'I5t ""1t6 .,-11 be ~; en an~. 'Ihe '1'iidelt' <br />is the loIlekly ~ au::tion rate 00 !hita! Statea '..-w:y bUls wl.th a CllXl8t8r1talltUd.tycf' 6 <br />1lD1tIB, as lDie available by the Federalle8erve &:lar.~. The lIIOSt rec&lt IndexfigUEe _n.14:.of <br />the date 45 days before each <hange Date is called the "0Jrrmt !ndelt". <br />If the Itdex is IX) ~ -uable., the tOte Holder will cl1:lorle a new i~ 1otW:h1s.lluerctupxr <br />c~ infoXllllltion. The Note Iblder will giw IIlB not1c.e of th1a cho1ce. <br />(C) Calcu1atioo of Olatwes <br />Before each 0laqJe Illte, the Itn;e lblder will ""'l...,l..~ Il!'f ne!i# inl'lmll!t ~ byaddiJls, <br />3 ' 1 2:; ~ r.ofnts ( :> . 1 2) %) to the Qaatt. In:la. The tbt.e.lblder will.-~ <br />I'OlDll tile re!lUl.t of thl.s add1tioo to. tll.'l _t ooe-eighth of one ~ poipt (O.l~; .'1tr1a. <br />rounded .-:utt wU.l be my new :Interest rate mill the next <l1aqJe 1liI.ta. ~, the new interest rate <br />\.1.11 rever e><real 14, 9'lG~ <br />~ on:iov..",;,er , 19 1\6, ani on eacll 4th a-. lGte. u-....ftol4..tt. <br />ibce !bIder will <le_ tile alD.l1t Ol theliiOOthly ~ t:IlIIt Ww.li1 besuff:l.ct.lt to l'ePIYtba <br />IIlplid pdrrlpal that I ... expected to 0'10II at the ~ Date in full en the IlBt;Ul'ity date at tbe <br />'~ llue" in sdletanl:1ally ~ pIIJIlIlmts. This 0taIl8e Date 18 alao called a ~ Qalae <br />Date. '!he Payvent Rate is the SUII of the IIdex f igIre8 on the 3 0IlIDRe Iet:e8 ~ tlie <br />~ ~ Date plus the Ulrrent Index, divided by 4 plulJ 3 . 1'2 5 ren;entap poiabI <br />(3.125 %), IUIB:Ied to the marest Olll!"e1.(!hth o.f OOI! ~ potu. (C.l~). ~, t.':la Pi:l~ <br />IlitiWlIl _ ~ the IIBldlIUIl rate stated aboIIe. The r.w.t of this calaIlat:ion is called . the <br />"Full Pa)lllllllt". It will be the _ allQUlt af l1I1J ~ pl)1lKlt tIlless 1 cnx. the IIDIIt pet'lId.tted <br />by Sectioo 5 belcJoI or mlesa Sectioo 6(Il) requires a higher pa)1lll!llt:. <br />(D) Effective Date of ~ <br />'" _ interest rate will becaDe effective on each 0lllqJe Date. I will pq tbl 8WU1t af I1/(f nw <br />lllDl1thly pl)lllllllt begI.ming at the first llIlnthly pl)'aSlt date after each Pa)lllllllt a-. Date lIItil tbl <br />~t of my lIJlIlthly poI)'IIlIlllt ~ again. <br />5. BOlUlOWER'S RIGHT TO LIMIT MONTHLY PAYMENT; REQUIRED FULL PAYMENT <br />(A) Calculation of GnWated L1lll1ted Pa)lllBlt <br />I may dlXllle to llDd.t the aJDWt o.f l1I1J OII!W 1IDlthl,y pa)'lllllllt following a ~ Date if l1I1J new <br />~t rate would C&8e the I1Ittthly JllI>'IIl!l1t I have bee1 ~ to. 1n::rease by IIlOre tlwn seven ani <br />!De-balf pm:eIlt (7.5%). If 1 em.:- to llIlIlt the _t o.f l1I1J lIJlIltb.ly pl)ml!l1t. I lIlIIIt give tl'e lbte <br />Roldar ootice ttBt I = ~ so lit least 15 days before lIlY first new monti>~y pa)'IllI'!nt is due. 10llen I <br />do so, en tbl first IlD1tb.ly pl)ml!l1t date after the Pa)lllBlt ~ Date I ..ill begin pl~ a new <br />lIXldlly ~ which will be etUIll to. the aunt I have been paying each 1lIJOth for the precEll:i.iq! <br />Nllve IlIlIltba lIIIl.tipU.ed by tbl IllIIi:ler 1.075. Thereafter, 00 each anniwrsary of my new lIJlIlthly <br />~ effective date, until the nett PlI)IIIltlt <llaoge Date, my IllOIlthly payment will /I3Iiin 1n::reaae to <br />m ~ equal to the _t I haw bee1 18)11111 each IOOIlth for the ~ Nllve 1lIlnths <br />.utipUed by the BAber 1.075. These aunts are called the "c''raduated Limited Pa}WSlts". <br />a- if I ~ elDam to lilIlI.t l1I1J lUltb.ly poI)IlIBlt, Sectwn5(B), S(C) or 5(0) bl!lOlllllBY require <br />_ to 18Y a dUferent _to <br />(8) ~ Ittthly l'la)lelt <br />A Gnduated l.Jal.ted Pa)IIent cwld be geester tbiln the alUltlt of a monthly "')!Dent Iotdch then <br />\IOWd be sufficlerlt to 1'llply l1I1J trqaJ.d prln::ipal. in full 00 the llIlturity date at the Pa)lllllnt Rate <br />~ en the laIt PIi)Wl\t ll1.&Dge Date in sOOst8lltially eqo.al pIljllllellts. If so, on the date Ill)' <br />paru. a ~ted LhlIlted Pa)'lBlt 'oI:luld ~ .. to lEY IlDte than the lower <lll>wt. l1I1J nnlthly <br />pIIiJIMftt will rot ~ to an -.u; ~ gtOlllter thin such la..er <IIlCUlt. <br /> <br />TMC-081 ('1c) <br />New 7/84 <br />PlAns 2-A or 2-8 <br />