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ADJUs'I`:~;~;~~ I~ATE RII~ER '
(:~~ter~t Rate l.imits) ~
"fHiS ADlt?S7 A6LE RATE RIaER ~s made this ...~.1~.... duy ot......~PTEt$El~,,,,,,,,,,,,,,,,,,,, ~q85.,.,~
:ind is incaryx?ratrJ into an~ shall br dremcd lo amend and suppkment tbe Mortasge, Iked of Tnut, or Dc~ttii lo Socure
LJCOi (I~IC jctW~iy fii~iiwie2~ii~~j w i,i~ u~ i~i'oiC v' L".t'~Kionivl ~11~ •{~1~n~y~^! tA 5lCUCt ~OlfpW j
Adjuslablc'Rste Nutt ~o ~U'~POIN~ ~AV~!lG~..B~~.~'~........................................................... ~.s ~
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.......................................................................(the "Lender") of the same date (tix "Note"~ and oovecing the ~
property drscribrd in thr Sc~a u~ity Instrument and located gt: i
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....7.54..~.R~'~G~:iF.~l..~~iRA,G~~_..PCiR~..S~....~L~G~...k~.O~t~AA~..33~l~3 ~
(Property Addrtssj
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Th~ Not~ contain: p~ovi:ions ollowi~p fo~ thAn~~s in th~ int~r~st rott ~v~~y y~or ~
subject to the limits statsd in th~ Nof~. If th~ int~~~sf rot~ ina~s~s, th~ j
Bor~ower's n~onthly payments witl b~ hi~h~~. If th~ int~hst rots d~u~os~~, th~ ~
Borrower's n+onthly payments will b~ low~~. ~
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A~DtT10N.4L ~'O~ FNANis. !n a.idition ti~ the covenants and agreemrnts made in the Security lnstrurrient, ~
8vrrowrr and I.enJer fur~her .-o.rnan~ and agree as follows: . ~
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A. INTE,REST RATE tlND MUNTHLY PAYMENT CHANGES
The Nutc provides for en imual intrrest rate uf ........9.•.250...~'o. Sr~tion 4 of the Note provides tor changa in the interest
rate and the mumhly pay~mrnts, a~ folluws:
•'4. INTEREST RATE ANU MUNTNLY PAYMENT CHANGES'
iks i~e i~~~
; he intere~t rete ! will ~wy may changr un thr first Jay of 19....~....., and on that day .
r~~e .ry 12th month thereafler. Each date on whirh my interrst rate rould change is called a"Change Date."
(B) The ]ndex
Heginning with the first Change D~te, my interrst ralr w~tt be basc~ on an Index. The "Index" u the w~eekly average
yield on United States Treasury ,ecurities adjusted to a canstant maturity of ! year~ as made available ~y the Foderal
Rcszn•e Board. The mc~t r~~ent lndex figure avaiiable as of !he date 45 days before each Change Date is called the
"Current Indra."
If the tndea is no lor~grr available, th~ Nore Ho!der wiU rhuose n new index whirh is based upon comparable
:nformation. The Note Holder will givr me notire of this chc~ice.
dC7 Calcalatio~ of Cb9nges 2• 7~0
~~r each Change Date, thr Notr Holder wili ralculatr my new ~nterest rate by adding percentage points
(.........'.....~n) t~ the Current lndex. The Nrnr Holder will then mund the rc~ult of this addition to the nearest one-eighth
of one percentage poir! (n.125^l~). Subjec~ to ~he limi~i strted in Srrtu~n 4(D)below, this rounded amount will tse my new
interest rate until the next Changr Date.
The Note Holder will thrn drtrrminc tht amaunt ~?f ~hc m~snlhly pay~mrnl that wouW be Sufficienl to repay the
unpa~d pnncipal halance of my I~wn I~m rx~xr~rd t~? ~~we ~~n thr ('hange na~r in f:~ll on the maturity date at my new
interest rate in substantiall}~ ryual ~?aymrm.. 7 hr ~cyuf~ ~?f thi~ : alrulau~m w~ll hr thr neK amount nf my monthly ~ayme~t.
(D) Limit ae Interest Rate Changes ' '
The rat~ ~~f ~nteresl I ani rcyuirrd pay .hail nr~•cn c~ ute:rra+rd c?r~ an~~ sioblr Changr Datr by more lhan orn~
p~rcrntage noint (1.~°l~ ) f
X~Ew~o prrrent~gr rc?~n~~ (2_0'~~ )~Che~ck on/yvne6maJ~rom hg~ e uf inlerest 1 have brrn paying
for t~e Nreced~ng twel~~e meinth~. M} intrrc~.t ra~c:~lu~ tihell nrvrr hr rr•rter than ...~.~-UU~~
i~~ Effective Date of Chan~e~ * The rate of in~erest on the 2nd change date ~f
My new inter~~ rate u~ill bec•nmr effrchv~ un r:~ch Changr Datr. I v~ill J~ay ~he amoum ~~tmy ntw monthly payment
beginn~ng ~~n the hrst m~~nthly paymrnt d~tr ~f1er thr Changr Datr until the amount of my monlhiy payment rhanges
again. ~
IF~ Notice of Changes
The Note Holder w~il meil e~r deh~rr t~~ mc a ii~~urr i~f any ~ han~;r. ri~ th~ am~?unt uf m}• munthly rayment hrfore the
efTective date of any change. The n~lire will ~nrlude ~nfc~rmali~m rryu~rrd hy law t~i be Fi~~en mr rnd alui ~hr uUe and
teltphone number of a peru~n w~hci N~If :~mwrr any yu~yliem 1 may havr regarding thr natire."
B. CHARGES; LIENS
Un~ferm C'c~~enanl ~i of 1he Se~:urpy in.~rumrnt ~~.~mrndrJ I~? rrad a.1~~N~?N.
4. Chuges; Liens. Rormwrr.hdH ~~ay :~If t~.~r,. ~~tic~.mrnl,, anJ ulhrr rharg~-~, fin~~:~nd im~x~.~tiom a!trihulablc ta Ihr
Ptoperty wh~rh ma} attain pn~~rily ~?ver thi. S~:runly In.trumcn~. J111~ Il'J~l'F1~1IlJ (?:~ymint~ ~~r gn~und rr~u.. ~f:~itiy. ~n Ih~
manne~ providrd under rsregrarh 2 hrrr~?i' if n~~t raid in wrl~ mar~nrr, hy Fii~rruH~rr making ~aym~i?1, whrn dur. '
~ dir~:tly !o the psycr Ihcrruf. F~~rri~wr~ ~hall ~rumrily fueni~h 1~? LcnJrr all ii~ilir~~ i~l~am~~unl• Jur unJrr ~hi. ~:i~a~;ra~+h.
~ and in the evrn~ 13~?rr~~wrr tihal) make naymrnl d~rrrlly, li~~rruwrr.hall pr:~m~~ly funii.h I~~ Lrndcr r~tiri~+t~ r~iJrnriat ~
wch peymrnt~. Nurn?wrr tihall promr~ly di~~h:~rgc any [irn wh~rh Fia~ rn~?riry ~?v~~ ~hi.5~tiuriiy In.Irt!mcnf: ~r~~cidcd.
~het f3!irrc?wrr ~hal) no1 Fk rryuircd 1~~ di.chargr any ,~ch lirn u~ Icrng a~ 13~~rr~~wcr. .h:+U agnr in wriUng In Ihr
raYmtM i:f Ihc uhiigati~m utiur~Yt hy wch Itcn rn a manncr arcr~f;~hlr t~> l.rn~lrr: Ib).l~:~il ~n X~~xl li,i~h ~on1~~1 nurh lirn
~ hy. ur dcfind againrt rnii?rccmcrit cif wch lien liga! ~nx~ti~lii~gs whirh in Ihr uJ~iniua ~~I I.rndrr ~~~xrair Iu ~r~vr~~1 Il~r
j~ enfc?rremrnt ~?tthe lic+~ nr Fi~rfe~lure ~?f ~he Yr~?~r1y ur :~ny r.~rt Ihc~~i~l~; ur ~t) ~hall kYUrr frum ~hr hi?Id~r i?i su~h li~n at~
~"H egr~~crnrnl in a fi~rm wl~+fac~nry 1~+ L~ndrr wFx?r~fina~in~; surh Gcn ~hi~ kYUrily In.lrumcnt.
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!f I,rndrr dc~rrmm~~, ihal :i)1 nr,~ny r;~n nf t~~r !'n~~r1y ~uhKti1 .++.i lirn wh~ih nr.~y atl:un ~~r~~~nty ~»rr Ih~. S.ti•ori~~
In~trumrnl. LcnJrr.hal{.cnd lit?rr~~wcr n~?ur~ idrnufyin~;.uch lirn. li~?~r~?w~rr.iial) ~:ili.fy .u~~h h~n i~r lalr ~?nr ~,r ~~u~rr ~,1
Ihr arUn!n Kt f~?rIh aFk~vc w~lhin trn J:~y~ Ihr ~~v~ng ~?f n~?t~rr.
and t'.:ereafter Will not increase or decrease a~ore than 1.0'x from the rate I have ~
AD~~~TAB[F~~~~-~11~s~Ieohd A~1-1 Fom~lr---9:83-FNMA Ue+faw inttrw~tnt 103~~}~8 AN2~
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