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<br /> � THtS AD3UStABLE RATE RID£R is made . °-
<br /> aad is incorporated into and shall b:deemed to amend and supple�q8��l�j°r��°�j��i�:c�.�te 8iven by the undersignecf . . � , .
<br /> - •�� « ���„���u��p�ro�ser's Nate(the"Note")to ` �
<br /> ��� ' '' ' (itse"tc�der"�of the same daie and covering the progerty described in the Mortgage and _� _' � __ �
<br /> located at: ° � �`a
<br /> ci1 E bIV GRACJD ISI.f��lD Nc bliB��1 :�,' . `.ii. •
<br /> lProDa1Y Ad ) ",� �'�� ' ,
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<br /> '('HE PIO�I'E COPI'�t�INS PEtOdiSiOMS ALLOWITdG FOR CI9ANG� IN 'THE INTERFST RA7'E AND THE ._;i��,,_,��,,_"
<br /> PAY1VdEN'IS.'I'HE NQfE LII►�!II'I5 THE MA�CIR�IUM INTER�S'Q'RATE TNE BORRUWF.R MUST PAIt. . • . .�, ,
<br /> ADIDITIONAi.COYEiVAN35: [n addition[o thecavenanu and agr�ements made in the Mortgag�Borrower and Lender � �� `�'����•
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<br />. further cavenant and agree as follrnrs: �. _ ;:,�,�
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<br /> , IIHTEI�T CHANGF� '."�°���-:
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<br /> ` The intecest rate BoaoK•er will pay may chauge on the fust day of ,�•.��_.-__".-_�.=-,..
<br /> and on the first day of eash quarter aRer that date until the maturity date F.ach date on wfuch the rate could change is called �.; , ,
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<br /> a��Change Daie" , `�`�-°
<br /> . 7Y�e Hm�ex - . - • .
<br /> The uiterest�ate is based on an ind�c.The"Ind�'is the 91�ay'[teasury bill rate(esta6lished(last aucrion averageon a discount � �
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<br />; . basis,rounded to the nearest.10%)). ��•
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<br /> .� The F.edac oa the date of ttiis Note'ss 4.80 %a. :�: _ .;��'::
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<br /> �� Cakalstion of Qianges 3.7�� -�.„. ;�ny��J-
<br />' ��f` On each ChanSe Dat�t��nder w�71 calcviate the aew interest rate bY adding � L;=�
<br /> %: ''''•��.,, �K' _-
<br /> ' P��K�P��t(s)( `� °1a)w the�Index;howeveG the inten:st rate v+ill c�rer be g�ater than -';-.
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<br /> The amount of the ssheduied payment will not chang�Increases in the inteiest rate may ca�the final payment to ia�c�eas� '. :��:; ,
<br /> � � Bortower may�ctead the paymenu for up w s�c cnonths. ` �*''' `F<';- :
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<br /> NO�O�W��GY -L ' }a�'L�..
<br /> The Ixnder will send Borrower a antioe onoe a y�ar.The notice will includ�the cvrcent and prior index values and interest ,G-`,��-
<br /> rates.E$e loan balance and the��ent amoubt necessary to paY the loan in full by its siated mauuity date r . "'H...
<br />� ' BY SI(iN WG BEIAW Bormwer accepu�agrces to the terms and covenants c�ntained in this Adjustable Rate Rtder. - -- -_-.-
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