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<br />r
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<br />84.-."
<br />
<br />ADJUSTABLE RATE RIDEt<
<br />(l Year Index-Payment Cap)
<br />
<br />THIS ADJUSTABLE RATE RIDER is madelhis ....~~,\!.. day of ..,.,..,~!?y.~:n.b.E!?=.................,.. , 19~.~..... and
<br />is incorporated into and shall be deemed to amend and supplement the MOrlgage, Deed of Trust 01' Security .Deed
<br />(tbe "Security Instrument") of the same date-given by. the undersigned ( the "Borrower") to secure Borrower's
<br />Adjuslable Rate Note ( tbe "Nntc") to ",. .."..,?!-!p.E!?=,!:??=,"~~,;:!:~~~;,..},~~,:,..,..."."...............,"....,..,....,....,,;,............
<br />..........,...............,..,.,.,......,.. ..,................................, (the "Lender") of the same date and covering Iheproj1!:r1Y
<br />
<br />005975
<br />
<br />The -Note provides for an- initial inter~s~ !'~H-e !~f .1.0.:..9c,5,..
<br />Ihe monthly payments, as ioHows:
<br />
<br />'~.
<br />I L'-
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<br />
<br />descrihectin the S::curity Instrument and iocated at:
<br />
<br />... '....",.,.. ......it, , ,;?,?, , .9!-!!!P',l;>~l,J.,. !\y.~,~..... !?C?;;,i.p.~~, ..~.., ..!?~.~;3.L,
<br />I :Propc:ny Address j
<br />
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANCES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE
<br />aORROWER MAY LiMIT MOf'iiTftLYPAYMENTINCk'EASESTO
<br />7~$ EACH. YEAR IF THE PROVISIONS .oF THE NOTE PERMIT IT.
<br />
<br />A!):!}!T!ONAL CC'Vt:NA~ In <i(Jdiiiofl to -the covertants and
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<br />Borrower and Lender further covenant and agree as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'S RIGlITTOLlMtT"A.y~
<br />MENT
<br />
<br />(A) Change Oates
<br />
<br />The Interest rate I will pay may change on Ihe first day of ",Q!;:.!:.\1.t>~J;'.m
<br />that day every 12th month thereafter. Each daie on which my in!~re~! t2.!e-~culd cnailge tS caned-a.~~Chan:ge-'-Ij-~te}t
<br />
<br />(8) The Index
<br />
<br />Beginning with the first Change Date, my interest rale will be based on an Inde~, The "Inde~" iSlhe weekly
<br />average yield 00 United States Treasury securities adjusted 10 a oonslant maturity of I year, as made available: by the
<br />Federal Reserve Board. The most recent Index figure available as of the dale 45 days before each Change Date is
<br />called the "Current Index,"
<br />
<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 nOlice of this chOice.
<br />
<br />( C) Calculation of: Changes
<br />
<br />Bef-ort" ~~ch Chan.:e D~H~. the N0t~ Huider wlii caicuiate my new mterest rale by adding ...9.~~~'.'~P~........._.
<br />.&~..!;m-tl;,l.1.~...................."'."...."'. percentage poilUS ( ....J..,~..... %) to the Current Index, The Note Holder
<br />will then round Ihe result of this addition 10 the nearest ooc.cighlh of one per<:entage point (0.125%), This rounded
<br />amount WIll be my new interest rate umil the nexl Change Date.
<br />
<br />The NOle Holder willlhen determine Ihe amount of the momhly payment that would be suffici'mt torepaYlhe
<br />unpaid prineipallhal I am expected to owe at the Change Date in full on the maturity dale at m}'new:n:~re;t m..dn
<br />sub-stani;iaJly eqijal rJityment~_ The result of this calcuJalion .is caiied the "Fun Payment. H 11 wiii be the new amount pf
<br />my monthly pa)'tnenl unless I choose the amount permitted by Section 4( F) below, '
<br />
<br />(0) Effective Dale of Changes
<br />
<br />My i!~w !!!t-cre5t rate wiB ~vme dfecuve on each Change Da.te. I win pay the amount- of my new monthly
<br />paynl~m beginn\og on the first monthly paY!~~fH date after the rhan:,e !)~~~ ~:;~~~ ih.; 'jtj:m:UIH of my monthly
<br />payment cnanges agam,
<br />
<br />(E) NOli<:e of Changes
<br />
<br />The Note Holder wiU deliver or Inad to me a notice of any ~hanges in my inten.~st rate and the amount of.my
<br />monthly payment before the effective date of any change. The nOlice Will inclu<.le in[.,mnat;on required by iaw to be
<br />glv",n fit" and also Ihe Ii de and lelephone number of a person who wtll answer any question I may have regarding the
<br />nOllee,
<br />
<br />( F l 8onowu's lti~l 10 Limit Montllly Payment
<br />
<br />LJ:l~~S"t1Vn5-4{H--, afi;j 4(.lj beiow wiij not peum! me to do 51_i, I may (;hD;,}$e tV iimi, the amount of my new
<br />monthly payment followina a Change Dllte to the amount I have becn paying multiplied by the number 1(\75, This
<br />amount i~ ta!!~rl the HLlm-tled Payment H !f 1 ChOOfllC- a Limit-cd Pu).mcnt as my month'y paYincilt. I tnusl give the
<br />Note "tlttlet oot<<:~thall am duil\ll so lit teast IS days before my first new monlhly paymcill h due.
<br />
<br />((:1 Atl;titiotlS to My Ul\jIajd Prindpal
<br />
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<br />If I 0100_"Se to -pay tru: L!mite<i Payme-nt. my monthly pu}'mcnt could be le~ rhiiu rhe l~mcun: of the IntereM
<br />P'l'nKln vftft" liiiillillJ)'PiOYffi\'nt thai would he sufficient to repa)' the unpaid princlpall owe at the mon(hly payment
<br />dMe in. full olllhe mala,it)' dale In .utmamially ellU<11 paymellh. If so, each month Ih..t lheLilnlled Payment" less
<br />th.lJlthe imeJeM p<>ltIol\. the NOle Holder will ,uPtraet the Llfniled I',lymem IWIIl the all!(,"I1' "I' the mteru>l p"ni.H'
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<br />IP.It.MfA"-~'I''' M'!1! ........1 v_r,- ~-s_ ,.......-._.'r....ooc...._ ..............
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<br />".<:'ltJ\\ :HOl I;,L8J.
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