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!' &~3~.ii. -<~'J o. t _" -, 1 ADJUSTABLE RATE RIDER 84 -006116 nru; i\D.JlS'l'ABlE Rt\TE 1lIlER is made this 15~h day of . November; 1984 { antis :inc.orJDrated .into and shall be deeDed to aBId ~t the M>rtgage, Ui!edOf TiUSt .orSeCur:itY Deed (the "Security Inst:nment") of the saaedate given by the unders:igDed{t:hec "Bortaorer")to c~".;. Borrower"a Adjustable Rate !bte (the "!bte") to Tower. Finaneia~ Inc. (the . "Le!Icler") of ." _ P~4:'f described in u....e Securtty' Instnment arxi locatei at: The Note Contains Provisions Allowing For Changes In The Interest Ra,te !-1unthly Pa-ymet1t. The Borrower May' Limit. Monthly Paymen_t --Increasea,_ TO/I.- Year If The Previsions Of The Note Permit It. ADDITICtlAL mJENANrS. In addition to the COVl!IlSlltS and agreements . madejnthe~tY InsttUllent, Borroer lDi Letxler further COIIelIaIlt: and agree as fo1lao1s: A. INTEREST RATE AND MONTHLY PAYMENT Cfu\..NGES The Note proIIides for an initial interest rate of 11. 500 the interest rate and the DDnthly pa)llll!DtS, as follows: "4. INTEREST RATE AND MONTHLY PAY'rlE~'T CHANGES (A) ~ lares . . __ . '. > 1't.=: 1nterest rate I will pay may ~hRnge on the rL:: ';. .Jay ft..... Juna _ _ _, _l?-:~_:::>__ -~_.-~-:\Dn that day ewry 6th IIDUth the!re;>fter. &lcb;:late <7<:, i",;.,("i! rJJy mcerestratecould ~;18.~a "~e Date". (B) The Wax Beginning wi.th the first 0laI@! Date, my interest rate will 1::.e based on an Indelc. The "IJ:delt" is the weekly ~ auction rate on \bite! States Treasury bills with a CO!18t'a1ltllBt.urityof6 1IDt1ths, as made available by tIE Fedeml Reserve l!oal:d. ThelllOSt recent Indelt figure available as of the date 45 daj.-s =-..~~ ~ a--~ Di:itc :L:; i"";;11€li ttLaa uo..u."rent Ind_H. If the Iroex is no longer available, tIE .li()te Holder will cloose a new indelt ~ is based upm ca&parable inf01:mation. The!bte Holder will give IDa ootice of this choice. (C) Calculation of Ollqes Before mch ~ late, the !bte Holder will cal.wlate my new interest rate ~ ~ 1 .1 25 ~ p::>ints ( 3.125 %) to the Qnnnt. Irrlex, The.li()te IlolderwUl then round tie resul.t of this addition to tie nearest one-eighth of ore ~poj,nt: (0.1.25%). This rourded l!lIlOUQt will 1::.e my new interest rate will the next Change late. iloloeV'er. the new interest rate will ~r e:><<:ecd 14, <l9nt ~ on J ..fluor)' , 19 88 , an:! on each 6th ~ Date thereafter,the Note !bIder will del::erIll1ne tile lIIIOInt at the iiiOOthly pajllDimt that IoQl1<1 be sufficient to repay the tnpaid pL'..ncipal th..~ I an expecwd w Oloe at the ~ Date in full on the mturity date at the "P8.)'IIII!!nt Rate" in sdlstantially equal plI)'lIIetlts. This Olange late . is also calJ.Ed a Payment Olange late. The Payment Rate is tIE SWl of tIE Iroex fIgures 00 the 5 01al'lIre lates pr:tll:e;ling the Payueu: <hange late plus the Um:ent Index, div1dei by 6 plus 3.1'25 percentage points (3 , 1 25 %), romded to the nearest one-eighth of roe percentage point (O.lZ51). Aowever, the Payment ~ never exceed the lllIIXiIlulI rate stated aboYe. The result of this cal.wlat1on is cal.1e:l the "Full Payment". It will be the new 8IIlOUlt of my ornthly pa}lll!llt mless I cOOose the l!lIlOUQt pemd.tted ~ Section 5 1::.elcIo/ or tnless Section 6(B) requins a higher pa}lll!llt. (D) Effective late of ~ My new interEst rate will beccme effective on each ~ late. I will pay tIE llIllOIlBt of illY new' ornthly piyment begi.ming on the fiI.'St DDnthly pi)'lle1t date after each Pa}lE1t 0'lat1le Date mill the l!lIlOUQt of my mntbly payment changes agajn. 5. BOiU<.OWER-S iUGIiT TO LIMIT MONTHLy PAYMENT; REQUIRED FULL PAYMENT (A) CalOllation of Gndlated Limited Payment I may cOOose to limit the IIIDUlt of my new DDnthly f6}'1lE11t following a 0'lat1le Date if my new i~t l"~re ~d ~ the !!!9ntr~y ~t I ha-J'C bea;. payi~ tv L.JCI'aiiiia tJy uur-'t; than seven ani one-half percent (7.5%). If I doose to limit tIE CllDWt of my ornthly pa)'lle1t, I auat give tIE Note Holder oodJ::e dat I am do~ so at least 15 days before my first new IIllnthly payment is due. \oIhen r do so, on the fiI.'St lDJI1thly pi)'lle1t date aft:er tIE Payment ~ late I wlll begin pi~ a new llIXIthly ~ which will be Equal to the anowt r have been paying each lllOt1th for the preced~ o.el.ve lDJI1ths IIIUl.tiplied by tIE nllli:Jer 1.075. Thereafter, on each anniversary of my new DDnthly ps;j'IlIIltlt effective date, until tIE oe.tt PllJIDeDt 01lInge Date, my monthly payment will again iocrease to "" ~ equal to d~ 8IIDU1t I haW! been f6yi~ each l!Dt1th far tre ~ twelve months wltiplied by the IUlber 1.075. These ~ts are callEd the "Graduated Limited Pa}laents". Even U r ~ c~ to .1.in1it ~ :::ntrJ.y tupiEi"'d;t Section 5(B)~ 5(C) or 5(D) below iDlY ~ lllI! to PlY 8 different _to (ilj ~ lblthly Fa)OlBlt A GraiJated 1.JJa1ted Pa~ cculd be greater ttlln the 8llOWlt of a lIDnthly pa)'llent which then IoCUid be AUff.1.l::lmt to repay 1lf U'lpiJd princ1pal in full on the lllaturity date at the Payment Rate e~ 00 tl:>> 1.;,et ~ ~ lAate in !lUbetantially equal pa)'IIlE!tIt8. If SO. on tIE date my payi!lg II Gradt.ated Wnllted Pa)'lllllnt W>U1d cause IE to f6Y nnre thal tIE .lowi!r <IlOmt, my llUlthly ~ ,.111 rot ~ to an au&lt arv greater tmn such lo.>1lr iIlXlWt. TMC-087 (qc) New 7/84 P 1an5 2-;\ or 2. -~'B