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ADJUSTABLE RA'TE RiDE� � cl Y�;z��, v�`-x�c�c'�`' ,� 1064�09 THIS ADJL'STABLE RATE RIDER i.s mads this 1° day of OCTOBER , 19 9 6 ,and is in�:porzted intn an�±shail be damd to amcfld aad sappltmeat the Mortgage,Deai of Trust or Security Decd(the `Security-Iastrumrnt')of the same dau gir+ea by the modasigned�(che'Borzower')to se�ure t}:e Borrower's Adjtistabic Rate Note(the•"ote')ta BURI,INGTON CR�DIT tJ23ION (the'L.ender')of tlfe sau,e due and covering the pcoperty described in t2re Sa.vciry Inmumeat aad locate�at: 504 W 15 STF2E�T GRP.N� I S LANB, N"r�R.A.SKA 6 S 8 91 � [��t THE NOTE COIYTAlNS PROViS10NS ALLOWiHG FQR CtlArIGES ih THE INTEAFST RATE A1VD THE MONTNLY PAYMENT. THE HOTE LlMiTS THE AMOU(11T 1 t1E BORR0INER'S IMTERE� RATE CAN CHANGE AT ANY ONE TIMP AND THE M1IXIMUM RATE THE 80t;�0Y�YE�i Ml1ST PAY. �I?DITIOi�IAL�O�'�I,ah"1'S.I�adiliti�m the cmr.aan�and abr:�ts aa9dt iu tbe Seturity tnstre�, 3orrcw�er and Ixnd�r further caver.��t and a�tae s fciloa�s: A. li"'VTI�',RE.S'I'°RATE AND tif0�1'THI,Y PAlfi'IF1ti'T CHAAiG£S Thc No:e p-��ides for an initial interest rate of 9.3 75 b.'I�e?�Iott ptovides for ch:taga in !hc interest rate and thc u�onthly paymrnu,as ialloa�s: 4. IIvTERES'I'itATE Aiv'D�i(h�"IgQY PAYT¢NT CHAN+�£S (A)C nanRe Dates The interat nu �will px;may change oo tht first day of PiOVE.`��j2 , 1997 ,aad on that day every 12th aronth theseafta.Each d3te o�v�fiich mv i�ritt ooa3d chan,gt is call�a'Q.�nge Da:e.' (B)The ind�� Bcgianing h�ith the fust Change L}ate. a:y interest rate wiit be b�on aa ir.�icz.'I�e "Indcx' ia the weelcly aver3ge}�ic(�on United Statu Treasicry savrities adj�ted to a caastaat�tnrity of i year,as msdt available by thc Forieral Reserve Boartf. 7ht most rocus Inde.a�gttre r-ai3abk as of tht dai�45 days btfoit ea�rh C,ha�rae Datt i�callcd the 'Cucrtat Indez_' ` ff t};e Indez is no loager a�•ailablc, the Note Hoide:-w'sll cho�a aew indez whi�is bzsed upoa cousparable information.'Ihe"Netc Holder R-ilI gi�-e ax r,atice of this choic�e. (C) Calcvlation of rr.s�gr,s Befcre ezch Chan�c Date, he Note Hoidtr R�ili ca3ailatt my aew�intuest nu by adding TH RE� E'�N� .7 5 0 0 percratage point(s)( + 3.7 5 0 0 �)to the C�rrtnt 11de�. 71:e i�'ote Holder wil: thrn round the tesult cf this additio� to the nearat one-eigt;th of ane per�entage point (0.12��}. Snbjcce to the limiu scat�d in Sectioa d(J) bdow, tbis rovnd�d amount�rill be my�w interesi rate until the nett Change Date. ` 'Ihe Note Hoidcr QiII t2s..-n dctezmine the a�ssnt oi t.Rtt mcathly paymeat that w�ild be sufFiciau�o repay the unp�id pnncipal chat i am expccxai to owe at thi Cl+azge D�t iII ftill odz�t?N2lutiiy DffiC at mY rlew i�1Ft:est ratt ia sub�tsntia:ly��ual pay�ments.'Ilx rzsult of this ca:a�ati�n*ui21 t�s tbt aca�asao�wt of my monthta paymeat. (D)�Limits oa Inter�s!Rate Chang�s The interest rate 1 am required to pay at the fint Chaago Date wili not be gieater than 1.1.3750 9G o�leu than 7.3750 '.�,7nereaft�,my inter�xu rate wiIl neva be iaa�sod or dxreased on an}• single Change Date by more than twa partutagt aoinu(2.a9G)f:rom tbe raie af inie:ett I have baa paying for thc prcccding twcive montbs. My intereu ra:a wiIl acver be gttattt ttua 15.3 750 �;, (E)Etfectisc I?ate of Changes My new icaterest rate will bxome ef�ecri�ro on rac�Change Date. I will pay the amoimt of my new monthly payment txginning on the first monthlY PaYme�t date aftu t�e ChanB� Dau untit t�e amount of my monthly paymeni chang�again. (F}NoL='ce of Changes The No:e Hoidcr wilt deliver or mail to me a noti�of ar.y c�anga in my intertst raie and tht amount of cry monthly pavment be:ore tbe effective date of azry changt. 'Ibe�otice will include in.{ormation ra�uired Ey law to be given me and also the ti�le snd telephone number of a pason who will ansmr any question ; may have regarding t�e uotice. MULTiSTATE ADJUSTABL�:�ATE RIDER-ARM 5-2-Sir�gle Family-F�wile pAa�/Fr�ddv�kac lhii{p�n kutr�m�K 1- 464 P'a''0« Form�t �'3l �6-822s►cos�si LZ836 wraoazc�c,�FOwus-teea�sz�•�zsi �•-Nf/�l��W= i I �;�-U�a f _ . . �,_,��