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201001934 vl wecn zx» i sozsse4ls FIXED/ADJUSTABLE RATE R#t~ER t.oooszs5azss6aa.ssa (LIBOR One-Year Index (As Pu4>rlished In The Watl Street Journal)-Rate Caps) THIS FIXDD/ADJUSTABLE RATE RIDER is made this gris day of I~nRCn, zolo, and is incorppoorated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date gnrert by the undersigned (" rrower") to secure Borrower's Fixed/Adjustable Rate Note (the "Note") to RorAI. u>Nl~so ~roxxowas lac, w I>1DIIWA r.rr ("Lender") of the same date and caverirlg the property described in the Security Instrument and located at: x9o~ K 4~ sr D'AAI~ ISLA11fJ, 11S 68803-4153. THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL GOVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES The Nate provides for an initial fixed interest rate of 4.000$. The Note also provides for a change in the initial fried rate to an adjustable interest rate, as follows: 4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates he initial ed interest rate I will pay will change to an adjustable interest rate on the 18T day of nrlul., zaa,s, and the adjustable interest rate 1 will pay may change on that day every 12TH month thereafter. The date On which m)r initial faced Interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change, is called a °Change Date." )The Index eginning with the first Change Date, my adjustable interest rate wilt be based on an Index. The "Index' is the average of interbank offered rates for one-year U.S. dollar~lenominated deposits in the London market "LIBOR'), as published in The Wall Street Journal. The most recent Index figure avai le as of the date A5 days before each Change Date is called the "Current Index." If the Index is no bnger available, the Nate Haider will choose a new index that is based upon comparable information. The Note Holder will give me notice of this choice. ~C) Calculation of Changes re each Change Date, the Note Holder will calculate new interest rate by adding xlro nxn eels-pvuraa percentage point(s~( a.zsoa) to the Current Indsoc. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125°6). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the morntfflfy payment that would be sufficient to nay the unpaid principal that I am expected to owe at the Change pate in full on the Maturity Date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not foe greater than 9.000$ or less than z. a5o~. Tl'I~eafter, my adjustable irrterest rate will never be increased or decreased on any single Change Date by more than xKO percentage paint(s) ( x.aaoe) from the rate MULTISTATE FOP/AC -USTABLE RATE RIDER-NtSJ On-Yaer LIBORSigk Parody-Fannie Ilar Urdla~e Pam x787 8/011 Initials = ®2001.2007 Online Documents, Inc. P~gp 1 O~ 3 F8187 DU 0705 a3-09-xa10 9e39