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<br /> � • (�VSU StiEC2.�OUI118��II12 RBI:) � _,,__` ,. .__ . 'i
<br /> «y 9� ��i6'75
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<br /> THIS ADJUSI'AB1.E RATE RIDER is mad� ` ' ' ,
<br /> • and is in�rorpozated into attd shaA be deemed to amend and supptement the Mortgage of the same date given by the undersigned •�. ` �. �
<br /> �� (the"Bono�ver")to secute Borro«�er's Nate(the°Note")to ' �-� �-� • � � :
<br /> - � (the"Lende�')of[he same date and covering the propertY described in the Morcgage and
<br />,_ � Iocated at: - -- --�-- -
<br /> . .. {Pmperty AddressT' - . . � ' , .{:_
<br /> .. _ ,fv-r.+�--
<br /> � THE PIaI'E CON'd'�INS PROVISlONS ALLOWING E��3 CIiANGES IN THE INTEEYFST RA'fE AND THE - •```.'�,'`'.�'=-� _
<br /> PAYMENTS. THE NOfE LIM[T5 THE MAXIMIJl�A INTEREST RATE THE BORROWER MUST PAY. , ,�•:.1 .
<br /> � ADDTI'[ONAL COVENAN'[5s [n addirion co the covenants and agreements made in the Mortgag�Borrou•er and I.ender '. ����-�»�--`
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<br /> • funher covenant and agree as follaws: - .:��'��4�__
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<br /> � IN'I'EI�ESf CHANGES '��:�
<br /> . ` G�nge Dateg _ :.,�4—���
<br /> � The interest race Burrower will pay may change on the fust day of � ^ � ��'��_`
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<br /> .•�ar�. ,
<br /> ' ' and on the first day of each month after that date until the maturity clate Each datc on which the rate could change is called ' ,: �-_��w�r••
<br /> a"Change DatC' --.--.�.-_.;, :f� ,-� _
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<br /> • qhe[ndex '�.��,''
<br /> � The interPSt rate is based on an Index.The"Index"is the Prime Rate(the highest prime rate pnblished daily in The Vball Street , _ �:�.�•-��;' R.
<br /> Journal"Money Rates°table). ' :�, �.-
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<br /> ' The Index on the date of t�.�lote is °/u• • �' �;� �
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<br /> -__ Calculaflon of Changes }.` :`.� :-_
<br /> On each Cha�^��Dat�the Lender will calculate the n�nr interest rate by adding .� ' - � . �
<br /> % )to th�C�rrent Index;however,the interest rate wiU never be g�+eater than� �`"' °10• `' �
<br /> percentage point(s)( '` '� _ ,� ,
<br /> ��'"; ,�f'�.�•�_
<br /> ' The amount of the scheduled payment will not chan�e Increases in the interest rate may cause the final payment eo increas� •!� ; ..-
<br /> -� �� Borrawer may octend the paymenu for up to six months. '�`5� �. '�
<br /> Notioe of Ct�anges ' - -
<br />• " � 'E��Lender un7f send Borrower a notice once a year.The notice�vill includ�the curnent and prior index values and interest - ��`���--
<br /> r-�.the loan balance and the payment amount necessary to pay the loan in f�ill hy its stated maturiry dat� '���
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<br /> .�',:�.,= BY SIGNING BELOW Borrower accepts and agrees co the terms and covenanu cantained in this Adjustable Rate Rider. ;;�,�_�.__
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