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<br /> , L� FHA Cau No.
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<br /> ' 391-1033804 703
<br />;';',;n,��"•�7`; ?
<br /> ;�,?;�r�: �, ADJUSTABLE IZAT� RIDER
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<br /> "'"°'��'� � THIS AD.NSTABLE RATE RIDER is mnde�his a��x day of ti0v8MBalR , 1996 ,
<br /> and is incArpar.itad intn aud shall be doemed ta a�nend and supplemenc tlm�longage, Deod of Trust ox
<br /> ==�%>:���� Secwfsy IDced ("Securiry Instrument") of the samo date given by the undersigned ("Bonvwer') to secure
<br /> .--�P':..:o.
<br /> °�- Botro�ver's Note("Notc")to
<br /> - NORNI�BT kORTf�11G}3� INC.
<br />�''�r.::�
<br /> �,-y.
<br />-�'�� � (the'Lendtr")of the same date and covertng the propsrty descrIbed in the Secudty Instrum.e4t fmd located at:
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<br />.'�;`=�� is18 NEBT llTfi ST, ORUiD I8&�4TD, N1L 68801
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<br /> --°e-._ctr��� (i'[Uptll}�AdGi'CS7J .
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<br /> -"�:�.:;�'. THE N07E CONTAINS P�tOVIS10N5 ALLOWIING FOR CHAH�ES IM THE
<br /> _-= —= IN7EREST I�ATE AND TFIE MONTHLY PAYMFNT. THE NOTE LIMITS THE
<br /> -_=_=—= AMOUNT THE BORROW�R'S INTEREST RATE CAN Ci�lANG�AT ANY ONB 71ME
<br /> - -- AND THE MAXIMUM RATE THE BORROWER MUST PAY.
<br /> ADIDITIONAL COVENAIVTS. In addition to the wvenanW and agrxments mado ia the Security
<br /> Instnunent,Bonowzr and Lender fwrther covenant nnd agrce as follows:
<br /> ...--_.-= II�iiTEREST RATE AND MONT�.Y PAYMENT CHANGESi
<br />_ �= rt— (A)Change IMte
<br /> --= The interest rate�nay change on the fust day of�R=L , 1998 ,and on that duy
<br /> �`" � of each aucceeding ycar. "Chaage Date"means each date on which the intenst rate could changc.
<br /> --- -_-- (g)The Indcx
<br /> • Begivning with the first Change Date. the interest rate will be basal on en Indea. "Index" means tl�o
<br /> weekly average yield on United States Tceasury Securities adjusted ro a constant maturity of oae year,as made
<br /> available by thc Federal Rescrve Board. "Currcnt Indox'means the most receat Lndex figure available 30 days
<br /> __ bcfon tho Chapgc Date. If the Index(as defined above)is no longer available,Lender will usc as a new Index
<br /> ony lndex prescribai by Yhe 5ecretary. As used in this Rider, "Secntary mean�the Secretary of Housing end
<br /> � Urban Dcvetopment or his or her designee." Lender wiq give Borrower notice of the new Indcx.
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<br /> �'� � T FHA Mutlietate ARM Rlder-10/9S
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<br /> �-�' ��J�=-' ' VMP MORTt3AGL FONM9•18001621.7491
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