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"4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) ~!lates The interest rate I will pay may chmge on tb! first: day of :13." , 1985,H'imd"~ that day e\lIilry 6th IlDtlth thereafter. Each da.te on ...trlch ,... inter!!St tate. COUldchliiw<is,~s "Chaqge Date" . (8) The I1liex Beginning with tt-e first ~.aoge Datet '!J:f ir.te-...-est rate t;.ill be based on-ail IrdaK. "lbe-'.Indelt~ is thl! 1oI!e!dy ave:nl!J! au:tlon rate on Wted States Treasury bllls wl.th a COlIStant:ullBl:urlty ofu6 l1IJOtbi, as made available by the Fedemllleserve Boani. The lIDSt recent Index figure lMIilableasof thl! date 45 days befon! each Clllqe !late is called tb! "01rrent Index". If tb! Index is 00 looger available, the tbte Halder will cmose a new iaieK ..trlch is based up:lIl , c<mparahle infolllBtlon. The Ibte Halder will give me ootice of this choice. (C) Calculation of Oliqes Before each ~ Ilate, the !bte Halder will cala1late my new int:aest rate byacldir8 , . noo ~ ~ ( " ,100 %) tD the Current Inielt. The NJte Holder will..tIleD. run:t 1:m result ot uns addl.t:i.On to tm nearest ~th of one percent8ge point. (0.1251). 1b1s rouoJed aIIIOUDt. will be my tDI interest rate mtU tb! next <l1aoge !late. ,ia..'tNcr, the 0"" Intaust rate ...till never exe:-~ 1 f; > ~tj(}:~ or ~::1.:1r{~C :~Ot"'12 than 2 000% on ,JI1)' chan#c-~ datct IlegimiI\g on '~cC""bd , 1917 , aa:I m each 6th ~ Date tl:wseafter, the Note Halder will detem1lDe the lJIIOWt at the iii'OOthly pa)1llent tnat WWl<l be Sl.Iff1cle1t to nlpIythll wpaid principal tiBt: I _ expected to owe at the Chaqge Uite 1n full 00 the 1IBturlty date at the ''Pa;uent Rate" 1n s>i:lstantially equal pa)'llIIll1ts. This Olaoge !late is also called a Pa}'lllll!llt a-. Oite. The Pa)'lll!Dt Rate is the SUI of the Index f1g\Rs 00 the 'j ~ !lates.~ the Payment ll1ange !late plus tb! OJrrEnt Index, divided by" pLus '3,000 pen:en~ points (3 . 'JOG %), l'OUlded to the nearest one-eighth of one pettent. point (O.~). ~, t.lJe Pa)1lll!l1t RiteW.ill. _ E!lllleed the IIBIda& rate stated alJoye. The result of this calOJlation is called the "Full Pa)1lBlt". It will be the new _t of lIlY 1lIlIlth.13 pa)1ll!llt mless I choose the aaowt pmul.tted by Section 5 below or tnless Section 6(B) requires a higher pIl)IIIllnt. (D) Effective !late of ~es ~ new interest rate will becaIIe effective on each ~ !late. I will pay the lIIlOUnt of my new l!Ilntl>.ly pIl}!llil1t begi.ming 00 the first ;lIJllthly pa}'llBlt date after each Pa}'llBlt ~ !late will the <DUlt of my lIlOllthly payment c.har@es again. 5. BORROWER'S RIGHT TO LUllT MONTHLY PAYMENT; REQUIRED FULL PAYMENT (A) Calculation of GnWated Limited Pa)llleOt I may choose to liIIIit the aID\Ilt of my new IlIlIlthly payment follow:I.I1g a Chall!e I:8te if my new interest rate would cause tb! monthly pa)'IIleI1t I have been payiq: to increase by 1lDn! than seven aId one-balf percent (7.5%). If I doooe to limit the aJD\.Ilt of lIlY IIUlthly pa}'llBlt, I IlU6t give the Note llDlder notice liat I .... ~. so at least 15 days before my first r&I lllOOthly payment 1s due. I.'ben I d:: Wt c;'i t~ first iiiA.t.t.Llly }.'6jUlCUt date after U--.: ?a~t 0:lartJe La~ I will begi,n p:1~ a new lIlOllthly ~ wbich will be equU. to the allOWt I have been paying each uvnth for tb! precediqj t:>IlUve IUlths alltiplied by the nllliler 1.075. Thereafter, on each amiversary of my new IlDnthly ~ effective date, until the 00ltt P8)IEnt 0lan8e I:8te, my monthly paJ/lIIlllt will again increase to an aDDt equal to the allOUtt I have been !By.l~ each roonth for the ~ twelve IIIJllths muLtiplied by the IUIlber 1.075. These aIlOWts are called tb! "Graduated L1mited Payments". EW!n if 1 haw clnMl to lbnt my trQQtb-1y ~~~ Section 5(8)]1 5{C) or 5(D) belCM =ay req-w.ire .. to l>>-Y a d1fftm!llt ~. 0908701-6 ADJUSTABLE RATE RIDER '!HIS AIl1\B1'A1l.ERAtE RIlER is IIIlIde thisaoo ~i.~ of incot'jXlrat:ed:lnto and shal1 be cleelEdtD l!IlIi!l1d. . .... . _.' .'. ; thee . . .tgapJ' Deed (the "securit}' Insmment'" )of thef;lD&dattgivenbythe~;'(thef'lb . Bo~s AdjUstahleRate l'bte (the.1bte") to '1' . ( I'rupel't'j ~ribed in thl! ~ty Instnmentand 100ated at: ADDlTICNU.~. In addition to tb! COlIeIIlInt8 InstJ:uDent, Borrower and Lender further covenant and agn!l!.as A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note proII'ides for an initial. interest rate of 11 ,500 the i.nterest rate am the _tIlly pa)1llB1ts, as follows: L (8) RIIdu:ed l'blthly Pa)llll!llt ^ Gra'luaUd L1a1ted P8)lIEnt cwld be greater than the alnJQt of a IlOnthly !Byment wbich then ~Ad \= =uff~ to repay uv ..njGid p:;.J.ro.L-.c1t<calplted 00 t:lw last P8)aant Olange I:8te in substantially equal pli}'<llOOts. If so, on tb! date Ill)' pa~ a ~ted Limtted Pa~ loOuld cause Il2 to pay oore than the 10l0lllr DJlIlt. my lIUlthly ~ will oot m.:r- to an --.alt at1)' greater than such lrwer ~t. T)iC-087 (qc) ~e'" 7/84 Plans 2-A or 2-8