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-•cnro~.R' _ 0.1+ TT/! ~iA1~tlY~'F•~•w~n~w~F^ 'W"Wafw: ".t'._.~,d ,VMq~';~ <br /> <br /> <br /> ;L*aa No. 52477-1-18 <br /> <br /> <br /> ADJUSTAAE RATE LOAN RIDER <br /> FAMKRAL <br /> 883-OU2001 <br /> NOTICE: THE SECURITY INST.2LFMF.N`I" SECURES-AVM WHICH C014TAINS <br /> A PROVISION ALLOWING FOP. CHANGES IN THE INTER&ST RATE. IN. <br /> EadIGHER PAYMENTS. <br /> CI,' 4SES IN THE I.N'rEREST RATE WILL RESULT IN. <br /> DECREASES IN THE INTEREST FAME W LL RPSULT IR LOWER PA"IENTS. <br /> This IZiderr i made this day of ..,:._p'I Y 19-P, and is incoriwrated <br /> into and shall rid deemed to amend and supplemant the Mortgage, Deed of Trust, nr Deed to Sedum.- Debt <br /> (the "Sm_,rifv Ingtrurnen't'") of the same date 'lived by the uunde:signed (the "Borrmirer") to secure Bor- <br /> rower's Nate to First Federal Savings and Loan Asserci.ation at t,itw.ol.n, a United St~ar,es corporation <br /> (the "J,ndf-r") of the samw date (the "Mote") and covering tha',prr rtv desciibed irk the Securitqq Instru- <br /> ment and Iex.-ztcd at..?AgL.West Oklahoma i,aaui Island NF braaska 68£$ol <br /> . _.......a__... <br /> Property Address <br /> IODI FIC `PIONS. In addition to the caveriants and agreements made in %a Security Instrument, Bor- <br /> rower and JA`nder furth"!r covenant and agriv as follows: <br /> A. ISTFR]. ; T MATE AND MONTHLY PAYMENT CHANGES <br /> The Notes has an "Initial Interest Rats'" Of. 11;2 ~0 c~ <br /> _........f?~!rmtii and on the <br /> I;'texmt rates clang;es may occur as the 1st day of <br /> tuna..-....._.., 19... 5. <br /> Istt, slay of ..`[s Gt.~_.. 19.$5... and on the tat day of <br /> and on the 1st day of plt..t'~! e.. 19.. 5. and can those dates of tho.=:e months in eve7~r <br /> year thereafter. lv.'.aaw'i'a date on which the rate of interest, may change will be called a "Rate Change Dntf . <br /> Changes h prinei aI and interestpayments to adjust amortization a7f the loan to correspond, with <br /> interest rate changes shall be made on the 1st day of :._.SeP_l !=tuber . 1g 8.5 and on that <br /> date every y-rar(s) tliereafter. Each date on which the principal and intemst payment may <br /> change w l be, c alleti a "Payment (Mange Date". <br /> Changer in the interest rate an governed by changes in an interest We index called thr, "Index". <br /> Check box(es) -to indicate Index. <br /> {1) C7 "Contract: Interest Pate, Purchase of Previously Occupied Homes, National Average for all <br /> Major Types of Lenders" published by the Federal Home Loan Bank Board. <br /> (2) L Ad-lust•able Rate Note - Mortbl~* average yield an t1.5. Irehasury_. <br /> <br /> Securities adj.. us...tt~d to a constant raturity of 1 hear w7ublishecl b+ thn l edJaa al Reserve Board. <br /> ............_.x.. <br /> Check box (es) W indicate limits. <br /> (1) ❑ If this box is checked, there will be no maximum limit on changes in the interest Tate up or <br /> down. The. Preliminary Rage referred to in the Note, Mill be the new interest rate. <br /> (2) 0 If this box is checked, the interest; rate that I taay shall not increase more tha rt <br /> percentage pointaa on any Bate Change Date. <br /> (3) ❑ If tld:s box is checked., the interest rate thaaat I pay shall not dec:.7 awe n'aore khan <br /> percentage paints on any Rate Change Lute. <br /> (4) 1 If thin box is checked, the interest rate that I pay shall never'bes,rnore than ..,?A!.g99...% <br /> during the period I have my loan. <br /> (5) LM If 11iis box is checked, the interest rate that I pay .shall never i,:aes less thnn <br /> during the period I have my loan. <br /> (6) ❑ If this box is checked, the principal and intermit payment that I pay shall not increave more <br /> than percent on any Payment Change Date. <br /> (7) 0 If this box is checked, the principal and interest payment that I pay sharll not decrease mere <br /> than _....M:.. pment on any Payment Change Date. <br /> The cuonthly Irxment amounts will also change on Payment Change Dates as providiid in 'the Note.. <br /> Because payment cchhanges may occur less often than interest rate changes and/or may be subject to certatin <br /> limitations described in the Note, 'then monthly payments may Ka insufficient at times to pay accruing <br /> interest. In such case, unpaid interest b; added to the principal balance of the Note and itself vri.11 accrue <br /> interest thereafter. <br /> Parr bCi <br /> <br /> <br /> <br /> y <br /> 'a~. i #iir ' yt <br /> l5 "I 5 fJ f ,i <br />