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* ADJUSTABLE RATE R1DER
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TH1S /tDJL1STABLE RATE RIDER is made this ...IITH.. day of ..AU~UST 19...8~..,
and is iaoorponted into and shall be deemed to amtad and supplement the Mort~aQe. Deed of Trust, or Dced to
Secure Debt (the "Security Instrument") of the same date given by the uadtrsi~aed (the "Borrower") to securc
Bornower's Adjustabie Rate No:e to HARBOR FEDERAL SAVINGS AND LOAN ASSOCIATION.
(the "Ltader") of the same date (che "Note") and oovering the
property described in the Security lastrumene and located at:
...I.Q.T....13:..FA,i.~I~..Z~~tRA.~~...QQi3T.. ~.T...1.U~.t F.t~,? ......................................................3 ~!!5.~...................................
• ( PropKb AddrMS )
T1+~ Noh oont~ins Prov~aiaN sNowinp for cl+atq~s in tM i~t~st raN. M tM Mt~nst nt~
incr~s, th~ 8orroMr~r's moethl~ P~yrrMnb ~riN b~ hi~l~. If tM int~nst nt~
d~cr~as~, tM BoROwK's monthq p~ym~nb w~ 6~ Io~rK.
AnnrrioH~u. Cov~~trrs. In addiaon to [he oovenaat and agreements made in the Security lnstrument, Borrower
and Lender further ooveaant and agrce as fotlows:
A. 1NTEREST RA'I'E AND MONTHLY PAYMENT CHANGES
The Note provides for an initial interesc rate of ....}~.~.~~.......96. Section 4 of the Note provides for changes in the
interest rate and the monthly payments, as follows:
A. IN?EREST RATE AND MONTHL Y PA YINENT CHANGES
(A) Change Dates .
1 ST November 19.~6..,, and "
The interest rate I wili pay may change on the day of
on that day of the month every .......3.~? months thereafter. Each date on which my interest rate eould change
is calied a "Change Date."
( B ) 'Ibe lndex .
Beginning with the first Change Date, my interest rate will be based on an "index." The Index is the weekly
average yietd on United States Treasury securiaes adjusted to a constant maturity of ....IHREF........... years, as made
available by the Federal Reserve Board. The most recent Index figure availa~le as of 45 days before each Change
Daee is caUed the "Curreat Index."
If the Indez is no longrr available, the Not~ Holder will choose a new index which is based upon comparable
information. The Note Holder will give me notice of its choice.
(C) Calculatan of Changes
Before each Change Date, the Note Holder wiU calculate my new interest rate by adding ..QN~...AJ~IR
-...~Q~lOQ percentage poinls (.._..1...~0........._qb ) to the Curcent Index. The sum will be my new
interest rate.
The Note Holder will then determine the amount of the monthiy payment that wouid be sufi'icient to repay in full
the principal 1 am expected to owe on the Change Date in substantially equal payments by the maturity date at my
new interest rate. The result of this calculation wiil be the new amount of my monthly payment.
(D) EBective Date ot Chsenges
My new interest rate will beoome effective on each Change Date. 1 will pay the amount of my new monthly
~ payment beginning on the first monthly payment date after the Ct?ange Date until the amount of my monthly
payment chaRges again.
(E) Notice ot C6aages
~ The Note Holder will mail or deliver to me a notice before each Change Dace. The notice will advise me of:
~ ( i) the new interest rate on my loan as of the Change Date;
~ ( ii ) the amount of my monthiy payment following the Change Date;
~ ( iii ) any aaditional matters which the Note Nolder is required to disclose; and
e
~ (iv) the title and telephone number of a person who will answer any question I may have regarding the
€ notice.
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F B. CHARGES; LIENS
~ Uniform Covenant 4 of the Security Instrument is amended to read as follows:
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F 4. Charges; Liens. Borrower shall pay ail taxes, assessments, and other charges, fines and impositions attributable to
the Property which may attain a prioriry over this Security Instrument, and leasehold payments or ground rents, if
any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment,
when due, directly to the payee thereof. Borrower shall prompely furnish to Lender all notices ot amounts due under
this paragraph, and in che event Borrower shall make payment direaly, Borrower shaU promptly furnish to Le~der I
receipts evidencing such payments. Borrower shall prompcly discharge any lien which has priority over this Security
Instrument; however, Borrower shall not be required to discharge any such lien so long as Borrower. ( a) shall agree in
writing to the payment of the obligation secured by such lien in a manner acceptable to L,ender, ( b) shall in good
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s 6ENERAI FORM-FHLMC UMIFQRM ADll3STA6lE RATE LOAM-~~?suttr qro~c>-3i~
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