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nlxi.s is: a ccarr..s in~-tr <br />r-crrterrt t ic~cl~ `~ na~roe <br />~~~~ t tea sue. ~~, >.~sl. <br />:slx7wcs %ra tl~ dcx:trat: reycr.~rds a~ <br />BSI-Qttd97~ <br /> <br />O ~ °'4 ~j n~ ~ ~ i7 Loan No..._;'t.3.u lb- i.-.d....... <br />AISJL;STABLE RATE LOAN RIDER <br />NOTICE: THE SECURITY ZhSTRU'bIENT SECURES A NOTE WHICH COIv'TAINS <br />A PROVISION ALLOWING FOR CHANGES IN THE INTEP,,EST RATE. IN- <br />CREASES INTHE INTEREST RATE WILL RESULT I_N HIGHER PAYMENTS. <br />DECREASES IN TI3E INTEREST RATE WILL RESL'I.T IN L43WER PAYME_RI'TS. <br />This Rider is made this ..-----.-- 25~_.-- day of _----------.October_.°----•--.----, 19.$:x--, and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Tr.~st, or Deed to Sege Debt <br />(the "Sw-cvrity Instrument"} of the same date given by the undersigned (the "Borrower"} to secure Bor- <br />rower's Note to ..........--•-•------•--•---------•--•-----•----------------•----•---------------------------------------------------°----•--••---•-•----------•-------- <br />&iss.t--&wd~ral-•Sauiags-.and._l.oan..Assnci.ati an.nf..Liecoln_.,._a__Bruited_Statas__cnr_paratian._.._ <br />(the "Lender") of the same date {the "Note") and covering the property described in the Security Instru- <br />ment and located at 3828..Rachda.1.e._S;.izcla.------.------------..-°---Graad_.isleadr_.i`teh=asks----5S8Q1.....°-- <br />Pxogerty Address <br />P.iODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- <br />rower and Leader further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note has an "Initial Interest Rate" o£.__._15.86Q..._% <br />Interest rate changes may occur oa the 1st day of .._._...___._.•----•--.---.Sane--•------•---, 1983__. and on the <br />1st day of ..............................SepcamoQ,r.., 19183---- and on the ist day of ...._---------.---_-°-.u~pes....., i953_.. <br />and on the 1st day of .._.__ .....................td~r.Eh-----..--._, 1954._ and oa those dates of those months in every <br />year thereafter. Each date on which the rate of iatm~eat may change will be called a "Rate Change Date". <br />Changes is principal and interest payments to adjust amortization of the loan to correspond with <br />interest rate changes shall be made oa the 1st day of ._....--• ......................MaLCh._.._...__.., 1934---- and on that <br />date evmy .__-----....._---- Year(s) thereafter. Each date on which the principal and interest payment may <br />change will be tailed a "Payment Change Date". <br />Changes in the interest rate are governed by changes in an interest rate iadea called the "Ludes". <br />Check bon(es) to indicate Iadea. <br />{ 1) ^ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all <br />Major Types of Leaders" published by the Federal Home Loaa Baak Board. <br />(2) ®Ad.iustakle_.Aate_NOS.e-- --="tonSh_lx__~s~rag~_.y?.e_la...~n..u.~5:._rraasusy-------------------•-------- <br />Securi.tiC~_.3si j.u.S.tE~_C~_a__cQnata~t•- matuFity- of- 1_,y~g~•_.p~hli~hed__~iy_tt~g-._F~de~~l- Reggrve--Board. <br />Check bon(es) to indicate ]iazss. <br />{1) ^ If flue boa is cheekesl, there will be no maaimum Limit an changes in the interest rate up or <br />down. The Preliminary Rate referred to in the Note, will be the new interest rate. <br />(2} ^ If this boa is ch ed, the interest rate that I pay shaIl not increase more than ----------------..- <br />percentage pomta as any Rate ge Date. <br />(3j ^ if this boa is checked, the interest rate that I pay shall not decrease more than -•-•-•-•--•--_---•-- <br />pr~c-eri`aage painF'~. ~ any isute Change Date.. <br />(4) ^ If this boa is checked, the iatti~-:st rate that I pay shall never be mare thaw ....................% <br />during the period I have my loan. <br />(5) [~ If this boa is checked, the interest rate that I pay shall never be less than -12.0()~.....gro <br />during the period I have my loan. <br />{8} ^ If this boa is checked, the principal and interest payment that I pay shall not increase more <br />then ..........__....._. percent on any Payment Change Date. <br />(7) ^ If this bo: is checked, the principal and interest payment that I pay shall not decrease more <br />than .--•-_ ............. percent oa any Payment Change Date. <br />The monthly payment amounts wiIl also change on Payment Change Dates as provided is the Note. <br />Because payment changes ma occur less often thaw interest rate changes and/or may be subject to certain <br />limitations descabed in the Note, the monthly pa eats may be insufficient at times to pay accnung <br />interest. In each case, unpaid interest is added to the principal balance of the Note and itself will accrue <br />interest thereafter. <br />~ acs <br /> <br />U <br /> <br /> <br />