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'~'Hl8 AWUSTA8L8 RAT6 RIDER a mide tbjs .~~t~~..... day at.......~~F~ ...19..~.4:..,
aod M inoorponted iato sod shaq ba d~anod to aaKnd and wppi~ent the Mortfase. Doerf d' Truq, or D~ed to Secure
Debt (ibi "Seat~t~? ~tean~eat'~ oi t1~e ssnie dste tivea bY tbe u~de~ip~ed (the "8orrowar`7 to secnre Horr~ower's
A~jwtabk RNe I~ote b.....~'~~.
t~..~A?1t~G'iS..A~..b~i..A~&QG~AxIAI~
(tha "L,c~dat'7 cf t~ aime date (tbe "No~e'~ ~w! oove.~ina thr
P~i? d~x~d b~ ebe ~mc+nity In:trun~nt aua locatedl st: . .
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IAropwqr Addnss~ ~
The Not~ caM4ins p~r~vis~ons ollowin~ rto? shoay~s 1~ th~ i~t~nst nrt~ ~v~ry
- rior. if th~ inhr~st rol~ ina~as~~, th~ don+ow~r•s anonthlY pay~nf: wiN b~
hi~Mr. lf f!~ ~hnst rat~ d~ueos~s, thi do~ow~~s ~thf~? P+~ya~~~ts wiN b~ ~ ~
. low~. ~
An~moN~1, tbv~r~~t~r!'B. Ia ~dditioa to tbe covenana and sgroa»ents msde in the Security Irutrumeat,
Borro~ver and Lender furt6cr covenaat and sgra as follows: ~ ~
A. IN1tiREST RATE AND MONTHLY PAYMENT CI~IANGSS .
The Note pravida foc aa initisl in~aeat rste of .....:..~..7.50 ..96. Section 4 af the Note provida for changa in the intere~
rate atid tbe moMb1Y P~Y~ts. as foUo~vi: -
'~I. WF~ItEST RATS AND MONI'HLY PAYMENT CHANGES
Tl~e ia.t~erat
rate I w?tti pay may chan~e on tlu ~Br~st day of ~X .........19. BS........, and oa that da,y
every 12tL ~nt~ iheneatter: Eacb d~te on wbich my interat nte cuuW chaage a cslled i"Cfiange Date."
(B? 1tie Iwia • ~ ~
Heginnia~ ~rith the flrst Chan~e Date, my interat rate will be ba~sed ~ an Index. Tba "Index" is tbe~ Federal`Hose
Loan Bant Board ?~onthly 2lediaa Cost of Fbnds for O.S. Savings and Losn Associations.
. 7be most re~eat Indea Bgure svailabk as of the date 4S day~ befor+e escfi Change Date is callod tbe
'~G~~rent Inde~c." . ~ - • -
If tLe Indwc i~ no bn~er svailabie. t6e Note Holdar wiQ choo~e a new index v~hicl~ is based upan oomp~rabk _
eaforYnation. Tbe Note Holdar wilt pve iae notioe d'thia c~wice.
(C~ Qk~1tUo~ ot G~an~ ~ - - .
Bdane acb Chaa~e Dat~ the Note Holder wiU cakulate my new? interat rate by addina ...2l~..... perca~tage points ~
(..»~.t
~...%j !o tbe t~ma~t Iadex. Tbe sum wili be my new intuat ate unti! t1x next Change Dsta ~
_?Le Note Holdv rviil theu detenair~e.the ~uinount of the.montht~r payment il~t would 6e su~cient to repay tbe
unpiid piiqc,ipal balanoe d aay Man I am eacpected to ow?e on tbe Change Date in tuli on the maturity date at my new
iaterat rate ia tobstaAtialty eqnsl paymrnts. T!u result of this cxlculatiou is calied the "Full Paymeut Anaunt". and it
wnyl be tbe aew amount of my monthly PaYmeat unkss I choose thesmoant permittod by Sectioa ~(D) belo~v. _
It is agreed that ay maaiaum intereat rate sball never eacceed' 17.000 x, whicb
is Sx aver the Indez and_?targin as determined on the day of closing of tbis loan.
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~l.')~ Re~nire~ FaU Psyma~t Amow~t -
- ' Beauraiaj with tbe Mst ~onlhly psyment after tht {sst C'han~e Dste, I wii! pay the Full Payment Amarnt u my .
~ monlhlY P~Yment. . -
~F~ Flfscti~s D~te ot t~anges . .
My new intaat rate w?i11 bec~ome eftective ore ach Change Date. I wii! pay the amount of my nev? monthly psyment
beginning op tlx Brst e~wnthty paymrnt date aRer the Change Date uniil the smaunt ot my monthly paymrnl changrs
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AD~lSTAOIE RATF R~ER--1 Ytat Federal Home Loan Bank~ Boat~ Cost of Funds Index
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c~ 976t -
99Q002 _ _ _
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