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<br /> "' .` i��. ADJUSTABLE RATE RIDER �``tiT�`�
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<br /> '� i THiS ADJUSfABLE RATE RIUER is made - ' ` ::�.
<br /> and is incorporatcd into und shall bc dcemcd ro umcnd und supplc���c�or�0�4}��F�ntc givcn by thc undcrsigned '�:.,,LL,
<br /> w � cr" ���qeI�(rower's Notc(thc"Natc")to — '�''x"`
<br /> "�+� ����T���� A�`' (tfie"L.endcr")of the same datc and coti•cring thc pro{�crty describcd in thc Mortgagc and �� r
<br /> �.`` ��....� locatcd at:— �•"`'"-
<br /> g,�,� 31b E ?1 ST GRAP�D ISL{lND, P�E 684�!1 �*-_
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<br />� •�.•. . i (pfp{�CI1Y A fCSS) --
<br /> 1 THE NOrI'E CONTAINS PROVISIONS ALLOWING FOR CHANGFS IN THE INTERFST RATE ANU THF. __
<br /> � 7- P A Y M E N I S. T HE NUfE LIMI'I5 TH�MAXIMUM IMERFST RATE THE BORROW�R MUST PAY. ---_
<br />° �' ADDITIONAI.CAVENANTS: In addition to the cavenams and agreements made in the Mortgag�Barrawer and l.ender
<br /> � further covenan[and agree as follows:
<br />- . INTER�S'T CHANGFS
<br /> Ch�ng�Il►�tes 04197
<br /> � The interest rate Borrower will pay may change on the firsc day of '
<br /> t ' and on the first day of each quarter after that date until the maturity date.Each date on whIch the rate could change is called
<br />_ a"Change Datc."
<br />'` The Index
<br /> ., The interat rate is based on an[ndex.The"Index"is the 91-day Tteasury blll rate(established(last auction average on a discount
<br />_ , basis,rounded to the neamst.10%)).
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<br />= The Index on the date of this Note Is °1u•
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<br /> �,: CslculAtion otCbwnges y.,gq
<br />��- ' On each Change Date,�h��ender w[Il calculate the new interest rate by adding . %
<br />='� " � , � per�centage pofnt(s)( °10 )to the Current Indeu�however,the interest rate will never be greater than
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<br />�:;:.• , .• The amount of the scheduled payment will not change,lncreases In the interest rate may cause the fin�l payment to increas�
<br />=_r , r .� Borrowrr may extcnd�hr Jxrymrntr for up tu tii�c munihn.
<br /> 1"�` "' Notke ot CN�nges
<br /> � �� � The Lender will send Borrower a notir.e once a year. The notice will include:the current and prior index values and intsmst
<br /> y-»�; � � �� •` � rates, the loan balance and the payment amount necessary to pay the loan in full by its stated m�turity date.
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<br />^1"' � � BY SIGN[NG gELAW Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate R er.
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