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<br /> ADJUSTAB�E RATE RIDER ( . � ��T-�. :.`�
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<br /> �� THtS ADJUSTABLE RATE RIQER is mad9 thls lsth da}I Of March 1997 ,and is incatpOfated into ' ;�.��;:—
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<br /> and shaA be deemed tc amend and s�plemsm the Mortgage,Deed oi Trust a Securiry Desd(t��'SEauity InstrumenY�of � ��
<br /> the same da�given by the undersi�ed(ifie'Botro�xe�to secure 8ortnwers Adlustabte Rate No�(the'Note�to , •�.; �_�,�;,
<br /> CONIlKBRCIAL CRSDIT CORPORATION . .- ,-_—=--,
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<br /> (the`Lende�of the same date and covarfng the PrapedY descdbad in the Seauity Instrument located at . . ��-,;:.'y,�:�.:
<br /> 1322 YJ 5TH (iR21DID ISAI�T�ID, NH 68801 , . '_
<br /> (RoperryAdtrew) ��'`� '.".�
<br /> THE NOTE CONTAINS PROVISIONS ALLOWIN� FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY •._ _y '
<br /> - pAYMENT.THE NOTE UMITS THE M6WlC1UM RATE THE BORROWER MUST PAY. .:::�'_ _ ` �_� •
<br /> A d c i ti o n a l C o v e n a n t s.I n a d d fl o n t o t h e c o v e n a n t s a n d a�e e m e n t s m a d a i n i h e S e a�i t y InsUumen t,Barowar and Lender , , '`� . .��'�
<br />:;�• turther covenant and agt+ee as idlows: . �r` ;�•� .
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<br /> INTEREST FtATE AND PAONTHLY PAYMENT CHANGES:The Note provldea tor sn initial i►�rest�ate set torttt in fhe Note. -••.�,. �
<br /> The Note provides tor changes in the fntetest�ate and d�e monthty payments.as totlowa: • ; �::� '.�:
<br /> T h e i n t e r e s t rate Bortower wili p a y m a Y chan9e on the 3 month annlvErserY oi the Date oi Note and every 3 montha .: � . �. ,;,;�
<br /> thereaftec Each date en wh3ch Borrowers intsrest rate couid chang9(a called a•Change Date.• �:°_,� . ;�,
<br /> � Baginning witt�the first Chan9e Date and every 3 manths U�ereafter,B�trowei's int9test rate will be dian8ed to the Indax .. �. �':�•�3.-
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<br /> Rete R':.w a margfn as set fath in the Note.The'Indax Rate'ia the highest prime rate p�8shad in tt►e Money Retes cd�unn .,� ,� , _�
<br /> 'i ' o f T h s 63'Jl Street Joumal on the ca'.��a'�r daY immedatety P�ecsd�9lhe Chengo Date;or,it fhe index�vas not p�tished on
<br /> that day�tha4 rata on the r�ext preo�ng day on which it was publist�ed. ii'�?
<br /> � qLTERNATE INOEX:H the Index Rate is no longer availabte,Lendar wiil c�oose a nsw Indax Rate whlch it believes wfll mos4 ' , t �
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<br /> dusety appnoximate 9he tomier Index Rate. , �r�;,f� ,
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<br />. UMI7S ON RATE CHANGES:The maximum and minimum in�ereat�ates during the�te of Ws loan are set tortfi in the Not�. .��
<br /> MONTHLY PAYMENTS:Princ�al and irite�est she��be paYabte in oonsecutive monthhl insteltmert,s M tl►8►ata of intereat .`�• %
<br /> � changas,fh�number of monthty Payments wiN nat chatige.The amount af the monthh►Palments wilt change to the rtw�thty .' �`�.,�.s;_..�r . ---_-_'�.
<br /> amamt neeoied to rePaY the remaining ur�d pdncipal batartce pius interest as c��nged in the re�n2intng niuriber ot .e _ : .�.:;-__
<br /> paymert!s,assuminD tl�at all payments due sfteP the caictila�on ats meda ato paid es erfieduted The first ohan9e.ii ar►Y,1n . _ `"': . ..;,-__
<br /> the rrtar:�uY Payment amount will�eo�me eNecthre an fhe 3 month enniversatY date ot the f,tst pay�nerd dtte date. � �A-i,- , .
<br /> gibsequent changsa in the monthiY PaY►nent artwimt may occur on�s payment due date eveN 3 months thateaftor. _ ��'=�`;
<br /> Each new payment a�r�unt wfil remain in effect until the eftecUve date of t�e next p�y°:�ent chang�. • '° .. ��''��_
<br /> to when t�e,Lender maY exer�ise any�etnedes pertnitted by Ute 8epu(ty ��:'_'= • , `'---
<br /> DEFAULT: If Botro+a�u`r�a to PaY anY paY� �-- :
<br /> Inatr�unent in 1he case oi doteuit � .'•`.- -- -
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<br /> Si �n Below,Borrawer accepts and agreas to the tertns and cavenants contalned(n this A�uateble Rata Rlder. � -"��`�'� --
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