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<br />RID E R <br /> <br /><,}11 ~ 005190 <br />;~,. <br /> <br />r <br /> <br />NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAINS A <br />PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. <br />INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER <br />PAYMENTS, DECREASES IN THE INTEREST RATE WILL RESULT IN <br />LOWER PAYMENTS. <br /> <br />This Rider is made this -1i!. day of <br /> <br /> <br />October <br /> <br />of <br /> <br />Modifications. In addition to the covenants and agreements made inthe <br />Mortgage, Borrower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />The Note has an "Initial Interest Rate" of 13.5 't. The Note <br />intere" ~te may be increased or decreased on each Change Dale, as <br />de~::~..:~~d ~:~ ~~:e Nct~. Ch;lr;ges in tha ;ntc. :$t rate CiTe guvarned by <br />changes in an "Index." The Index is t~" "::'~',::kJ.,r~."erc:,e yield of One <br />,ear Umted ':tates '!"(;ilsurv 'ec'Jritie"_JustecrtOa constant matUrlty <br />of one '/edt~, <br />, determined in the second calendar month <br />preceding each Change Date. Such changes in interest rate will occur <br />on tne first ,'t h'!cn liontn, <:omlrencing February 1, 1986 <br /> <br />I ncreases and decreases in the interest <br /> <br />rate are limited to a change of ? <br /> <br />H.:t.rh rh3nnA f):ltt6 <br />"'--.. -.........'dI.... -_..~. <br /> <br />if the mterest rate changes, the amount of Borrower's monthly <br />payments wlil cflange al' provided in the Note, increases in the inter- <br />est rate "'III rel>ult in higher payments. Decreases in the interest rate <br />will result in lower payments, <br /> <br />B. LOAN CHARGES <br /> <br />it could be that the loan secured by the Mortgage is subject to a <br />law which set s max imum loan charges and that law is interpreted so <br />that the interest or other loan ctlarges collected or to be collected in <br />connection with the loan would exceed permitted limits, In this event, <br />then: (a) any suctl loan charge shall be reduced by the amount <br />necessary to "educe the charge to permitted limit; and (b) any sums <br />already collected from Borr"ower which exceeded per'mitted limits will be <br />refund€'d to Barr-onci. L cnder may Ch0050t: to HldKe this f'efund by <br />reducing the princ'pal owed under the Note or by making a direct <br />payment to Borrower, <br /> <br />C. TRANSFE.R OF THE PROPERTY <br /> <br />If ther'e IS "ny transfer of the property, including a transfer <br />describe<.' In Paragr'aph 17 of the Mortgage, Lender may require either <br />an increase 'n the current Note interest rate, iHl InCf'\;ilSe In the Base <br />Index figure, or a change of any of the IOim terms, as a condition of <br />Lender waiving. the option to accelerilte prOVided ".., Par"agr'ilpl1 17, <br /> <br />L <br /> <br />By Signing this. Borrower agree;. to ail ot the above, <br /> <br />'l~(J~'qfJ <br /> <br />\: <br />~~ ~!i'7:~) 1 t ~:,~~"~ <br /> <br />.;,~- <br />/,-,~ <br />l3orrower-- <br /> <br />