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<br /> 321-1851680 749 . - ' � -• -
<br /> ADJUSTABLE RATE RIDER � ::;�-
<br /> - � . -.
<br /> THIS ADNSTABLE RATE RIDER is made this 21ST day of ' ` "���-T�R
<br />� �iRCg , 3.997 , and is incorporated into and shall be deemed W amend _ � �.�..
<br /> aud supplement the Mortgage, Deed of Trust or Security Deed ("Security Insuument") of
<br /> the same date given by the undersigned ("Borrower") to secure Borrower's Note C'Nate") . ... _� '�"�'
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<br />� .., to NOR4iB3T MORT(3AOB. INC. ---�i�,—
<br /> � �� "Lender" of the same date and covering the Property described in the Security •�'.�,� ; �r.
<br /> Instrument and located at:205 VIS.LA MAR D$S, GR�ND iSI�JlND, N8 68801 � �_ ^_ __
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<br /> TO�IE NOTE C06�TAINS PROl/IS1011lS ALLOWING FOR C�BANGES IN ��l� ��-'
<br /> TH� INTEREST RATE ANO THE MONTHLY P/lYME�1lT. YHE NOTE ' . '���'�`-
<br /> LIM9TS THE AMOUHT �IiE BORROWER'S ISUTEREST RATE Gl�1Ca1 • �{ �°" "��
<br /> CHA�16E AT ANY 0{�'� TIME AND THE [t�7�1X1MUM RATE LE�� '��'�`
<br /> - BORROWEFi E�UST PAY. - �}�,�.
<br /> ADDITIONAL COVENANTS. In addition to the covenants and agreements made in - ,, -��
<br />� the Security ynsirument,Borrower and Lender fiuther covenant and agree as follows: _=�---
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<br /> INTEREST RATE AN1D 1VdON'I'��l PAYNi�IlTT C�IGES _= _.__.. -,
<br /> (A)Cbange Da4e ' ��'._ �_ ._�_
<br /> , The interest rate may change on the first day of JL►LY , �•���
<br /> � 1998 , and on that day of each sacceeding year. "Change Date" means each date on - L.,;.:
<br /> i which the interest rate could change. "
<br /> . (B)'I'he Index •�
<br /> �� Beginning with the first Change Date. the interest rate will be based on an Index. . .
<br />, "Index" means the weei�ly average yield on United States Treasury Secwities adjusted to a .�.,`�. ,��_�
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<br /> FHA Mohktatc ARM Rider-10195 —
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