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Home My WebLink About0951 , , ~ 22072035 mal . t~•. J~''~ ~ ADJUSTABLE RATE RIDER THIS ADIUSTABLE RATE RIDER is madt thia ....~Sth day of ~Y i9 83. and is iao~rporated into and shall be deemed to amend and supplemenc che Mort~a~e, Deed of Trust, or Deed to Secure Debt ( tt~e "Socurity Inswmtat") of the same date given by the undersi ( the "Borrower" ) to secun Borrower's Ad'uatsbk Rste Note to ..4'r.~'~~..~~..~f,Y.~S.. .~?.~+~~~T~t,'~74X.`I..Q~..~........... .~..r~...sr~ (tbe "Leader") of the same date (the "Note") and oovering the property dtacribed in the Security Iaswmcat and kx;ated a~ ~ ~ : ~$Ql....~t~..~i~..#~i,~x...i?~c~~ ....1F.ox:~ ..~,~xc~... ~A~.da.. 334~4 ~ PfOwny ~ ~ Th~ !lot~ oontalns provNbn~ Mlo~rinp tor chs~qN k~ th~ Mt~nst nb. M tM int~nst nb ' incr~~s, !IN ooROw~'s montl~ p~~nb ~rill b~ hi~l~. H tlw inbrNt nb d~c~w~~s. tlw sorrowK's nanthyl p~nMnb wiil b~ kwr~. ; Annmotv~u. CovEt~~nrrs. In additipn to the oovenant and agreements made in the Securiry Inswment, Borrower ~ and Lender further o~venant and agra as follows: A. 1NTF~tEST RATE AND MONTHI.Y hAYMENT CHANGES The Note provides for an initial interat rate of ...11.:0.__..__...%. ~ion 4 of the Note provides ior changes in the iaterest rate and the monthly paymeats, as fopows: ~ 4. INTEREST RA?E AND MONTHLY PAYMEN7' CNANGES , ~ (A) C6a~e Dates I The interest rate I will pay may change oa the ..lst day of ~?!~t........................., 19.86..., and ; on that day of the month every 36 moaths thereaRer. Each date on which my interest rate could change ' is cafled a "Change Date." ~ (B) Ti~e I~dez - ' Be~inning with the 6rst Change Date, my interest rate will be based on an "Indea." The lndex is the wec~ly ~ average yield oa United States Tc+easury securities adjusted to a aonstant maturiry of years, as made available by the Federal Reserve Board. ?he most reoent Index figurc available as of 45 days before cach Change Date is called the "Curnnt Index." . If the Index is no longer availab:e. the Note Holder will choose a new index which is based upon oomparable information. 'I7ie Note Holder will give me nopce of its choioe. (C) Giculatbo of Cbanges , Bef~each Change Dau, the Note Hoider wil~c~lculate my new interest rate by adding percentage points to the Curcent Index. The sum will be my new interat rate. ~ The Note Holder will then determiae the amount of the monthly payment that would be suf~'icient to repay in full j the.principal I am eapected to owe on the Change Date in substanuaUy equal payments by the maturity date at my I new interat rate. The result of this calculation will be the new amount of my monthly payment. i ~ (D) E~ect3~e Date ot C6auges - € My new interest rate will beo~me effective on each Chaage Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly ~ payment changes again. ~ (E) Notke of C6anges ~ The Note Holder will mail ot deliver to me a notick before each Change Date. The notice will advise me oE ~ ( i) the new intcrest rate on my loan as of the Change Date; ( u) the amount of my monthly payment foqowing the Change Dace; ( iii ) any additional matters which the Note Holder is required to disclose; and (iv) tht tide and teiephone number of a person who will answer any question I may have regarding the ~ notice. $ ~ B. CHARGFS; L.IENS ~ Uniform Covenant 4 of the Securiry Instrument is amended to read as follows: ~ 4. C6arges; l.ien~. Borrower shall pay all taxes, assessments, and other charges, fines and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehotd payments or ground rents, if any, in the manner prov.ided under paragraph 2 hereof or, if not paid in such manner, by Bonower making payment, when du~, directly to the payee thereof. Borrower shall prompdy furnish to l.ender all notices of amounts due under ` this pasagraph, and in the event Borrower shall make payment directi}~ Borrower shall promptly furnish to L,ender reoeipts evidencing such payments. Borrower shaU prompdy discharge any lien which has priority aver this Security Instrument; however, Borcower shall not be required to discharge any such lien so long as Borrower. ( a) shall agrte in writing to the payment of the obligation secured by such lien in a manner acceptabte co L.ender, ( b) shall in gaod ~ ~ ~ 6ENERAI fORM-fNlMC UNIfORM ADIUSTABLE RATE lOAN-(TREAS'URY ~()-3l83 ~ t4~9a7 SAF Spa~~ms and Forms 8#k'M'~i~ / ~A6f ~7'~t~ ~m. . . . _ . - - . - - - -..i . , ~::,a.~....k~.._W.,~,„~., ~ ~