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<br />84 - 00614~
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<br />ADJUSTABLE RATE RIDER 0908784-1
<br />(l Year Index-Payment Cap)
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<br />THIS ADJUSTABLE RATE RIDER is made this ......tf!t.hlay of ......,.t,lQ,If.\i!1)..l?,~L.................. ,19 ;....?A, and
<br />is incorporated intO alid shaii be deemed to amer.d and supplement the Mor:tgage, Deed of Trust or Security Deed
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrowe(s
<br />Adjustable Rate Note (the "Note") to ....19.\'(!'ix...!:A.n~!l:st?1""..I!),s:.............,..........,............................................,..."
<br />...................................,.......................,..,................, (the "Lender") of the same date and covering, the pro~
<br />described in the Security Instrument and located at:
<br />
<br />.......,?iU.?...i;J.!jg!i',S9.a.,sh...f.l,~.s~..............~.';,e!):l..),~}~,!',9..!,..~::',~E,'?,~~............?,~,?2}...........................................,;;,,,
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<br />i hOPffi'Y Adami i
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<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE
<br />BORROWER MAY UMIT MONTHLY PAYMENT INCREASES TO
<br />7W,t EACH YEAR IF THE PROVISIONS OF THE NOTE PERMIT IT.
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<br />ADOrno."'..... COVKNANT8. In addition to the covenants and agreements made in the . Security InstrUtnllllt;
<br />Borrower and Lender further covenant and agree as follows:
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<br />A. iNTEREST RATE AND MONTHLY ~AY~,"~~/':J O-lANCQ
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<br />The Note provides for an initial mterest r",,, vI
<br />the momhly payments, as follows:
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<br />4.
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<br />(A) Change Dates
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<br />The interest rate I wtll pay may change on the first day of .........,QJli,\:.I:w.lu:.r;................." 19 .....,a2..., and on
<br />that day every 12th month thenoafter, Each date on which my interest rate could change is called a "Change Date;""
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<br />( B) The Index
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<br />Beginnmg with the first Change Date, my interest rate will be based on an lnde,., The "Iude,." is the. weekly
<br />average yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by.tbe.'.
<br />Federal Reserve Board, The most recem Index figure avatlable as of the date 45 days before each Change Dare is
<br />called the "Current Index,"
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<br />If the Index is no longer avatlable, the Note Holder will choose a new index which is based uponcompal1lble
<br />infonnation, The Note Holder will give me nOllce of this choice.
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<br />( C) Calculation or Changes
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<br />Before each Change Date, the Note Holder will calculate my new intetest rate by adding ..............................
<br />..,...,2,..7.~........,.............................. percentage points ( ,........2_1.::.m;) to the Current Index, The Note Holder
<br />will then round the result of this addition to the nearest one-eighth of one percen!age poin! (0,125%), This rounded
<br />amounl will be my new tnterest rate until the next Change Date. ,,,,",,,ver> the nt.'W int.c!'eo;t r<ltc will never
<br />e.xc~e~di~~8td~1f~f~!I{n';pe:wrlil.lW~ (hi ~Irih~ni'llfiW~ ~Iilry'h'lffm~nt that would be sufficient to repay the
<br />unpaid prinCIpal that I am e)lpected to owe at the Change Date in full On the maturity date at my new interest rate.in
<br />substantially equal payments, The result of this calculauon is called the "Full Payment." It will be the new amount of
<br />my monthly payment unless I ch.oose the amowtl permuted by Section 4(F) below.
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<br />(D) Etrective Date of ChlUlie5
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<br />My new Interest rate Will become effective on each Change Date, I will pay the amounl of my new monthly
<br />payment beglOnlng on the first monthly payment date after the Change Date until the amount of my monthly
<br />payment Changes agalO,
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<br />( F.) Notice of Changes
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<br />The Note Holder wili deliver or mati to me a nonce of any changes in my interest rate and the amount of my'
<br />monthly payment before the etfecuve date of any change. The noUce will mclude information required by law to be
<br />gIVen me and also the title and telephone number of a person who will answer any question I may have regarding the
<br />notIce.
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<br />(f) Borrower's Ript 10 Limit Monthly Payment
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<br />unless ~!ioll$ 4t H) and 4( I) below w1l1 not permit me to do so, I may ,hoose to limit the amount of my new
<br />monthly payment follOWing a Change Date to the amount I have been paying muluphed by the number I.U75. Thts
<br />amount is called the "limited Payment," If I choose a Limited Payment as my' monthly payment, I must give the
<br />Note "olde~ notice that 1 am doina $0 at least IS days before 111)' firsl ne.. mOllthly payment is due,
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<br />ie) Addifions to My Ul1jtald P~im:ipai
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<br />If I cl\oo,$e to pay the Limlled Payment, my monlhJy pllymenl could be less than the amouut of the Interest
<br />pollion of the monthly payment that would be sufficient to repay the unpaid pnnCJpall owe at the momhly payment
<br />date in full on Ihe matunty date 10 substantially equal payments. If so, cadI mOllth Ihat the L"'lIted Payment" less
<br />.han the Utter"Sl portion. the Note Holder WIll subtract the Llmlled PaymelH from the amoulH "I' the "ltere,l ponwn
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<br />IlIULlWT...... AO,IUSTA&I MATlI_-1 v_ T_ _.._~ F___,,_ -.. __ h.", "0' '2l\;l
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