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82-t}u09t`l?. AUJUSTAi3LE RATE.. RIAER t,C5S597-~ (DEEETRR'F.D: PAYHEN'T PROVISIt2NS} TH?S ADJUSTABLE: RATE RIDER'is made this 1Clth dog of A<arch - '~~'= and is incorporated into and,shaLl be deemed to amend aad supplement. ttie Kartgagr, Deed af'Trust, or Deed to Secure Debt (the "Security Instrument"j of the same date given bg Che undersigned (the "Borrower") to secure $orrower's .Adjustable Rate ?doteta Commercial Federal Savings and Loan Association (the "]:ender") of the same: date (the "?dote") and covering the property described in the Security Instrument and Located:.at: iz;;C Suut~. la~ails Grand Isiasid 5et~ras6:v 6S?8'Cl - - (Property Address] T3se Note Contains Provisions Allowing for Changes: in the Interest Rate and the Moathlg Pagseht and far Increases in: the Principal _Amount to be Repaid. AI}DITIQ3iAL C037ENANTS. Ia addition to the covenants and agre~nts made in _ tlae Security Instrument, Borrower and Leader further covenant and agree as - follows: A. NTEREST`RATE AND L~NTBLY FAYHENT CHANGES The. Note provides for an Initial Rate of Interest of «-~'-5 ~. Section 4 of the Note grovdes for changes is the interest rate and the monthly payments as. follbwa: "(A~ ChangtDates $eginaag in "'~? , the rate of interest I will pay may change on the 'pst d$g<.of the month of ~'cto'~:s:~r , and on that day every 6th m4oath therea#ter. Each date oa which the rate of interest could change is called a ''Change hate." The amount of my monthly payments will also change an every 5th Change Date:_ This Change Date is also called the.."Payment Change Date." Ng monthly payaeats mag also sometimes change at other times under Section 4 (F) of ths,idote_ CB) The Index Aay changes in the rate of interest will be based on changes in the Index.. The "Index" is the 'PContract interest Rata, Purchase of Previously Occupied Ikoies, tdational Average fns. all Major Types of Leaders" as made available by the Federal Hare Loan $aa-~ Board. If the Index is nq longer available, the Note Holder will choose a new index which is. baaed ugon comparable information. The Mote Molder will give me notice of"thi;s choice. T*r_ fiz'st Index figure for this kotc is =5 3~~' '~_ It is called the "Ori.ginai Iia~toit." The vast recently available Index figure. as of the date ~ dogs before each Paysent Change Date and on the date of every other Change Date is called the "Current Indrac.~, (C} Calculation of Changan For each Change Hate, the tdott Haider will determine any change in mg rate of nterest_ The Natee Holder will calculate the amount of the difference, if amp, betve~en the Curzeat Index aad,the 0rigiaal Index. If the Current Index is 1~i=hex thou the Original Index, the Note Holder will add the difference to the Initial Rstt of Iaterrat_ If the Current lndtx:is lower than the Original Index, *~tse Notr Holder will tubtrset the difference from the Initial Rate of interest.. '.'he Nate bolder sill t3trn roared the result of ths.s addition ar subtractson to the nearest gae-eightL of one gercentage poat,(0.125~);. Zhi:s rounded amount will be the ner rate of interest I as requized'ta pag, $efote each Payxant Chaatgc :late,. the Nate. Holder. will det+ermiae the new aaaunt of a9 maathlg pay~tat that would be sufficient to repag the outstanding yrtAClpa1 balance in .£uil care the. maturity date: of mg new rate of interest in substantially ea}ual paysaeats. The. result af.this calculation is called the "Full Papstat Asouat,'" and i.L will be the sxew amount of my saanihly payment unless c?toaae tfze amount persrtted 5y Section.4 (I~) below: {A7 $orraver's 1tigIlt to Refer Paymeuc of Certain Amounts: L•• C~aiess Recticm L Cl') astd ~ CG3 Selov :+z 11 aoti ~ermi.t m~ to aia ao, before any Payment ~laaagc Date T aiay choaa~e to have :ay new ~aonthly payment amount .lolled to tT:e a~u&t I have ~Seec paying multip'._eci by the number 1.187x.. h:is aawant is called e.ae '°Limited Payment Amount.`' I wi.1 give 'thae5ldote Holder nQ!.ce :.b.at ( havetho~®en,the Limited papmwnt. Amount at least days ~afare ,~a} ~~ayment Change date.. ~9.. ~ 6'3 . _.