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~ ADJ(.~STAl~I.E RATE RIDER
TNIS ADJUSTADL~ RATE RIDER is madc this day of ...~p~~...............,......, 19.~iG...,
s~nd is incorporated into a~d shall be dtemcd to amend and supplemcnt thc Mortgage, Deed ot Trus~, or Detd ta
Stcuce Debt (tht "Secu~ty [nstrument") di the same date given by the undcrsigaed (tht "Borrowcr") to sccure
Borrower's Adjustablc Rate Note to ..........~~..~X~r..~..ANA..'~tt~.l~'.Ai~Y..OF..S~
(the "Lender") af ~he samc date (the "Note") and covering the
propcny dsscribed in tht Security Instniment and lacated a~:
9801..e5..•.. ~:?~~~~,~&..~~~~,...tiTPdC1.S~.11..~~~..k~.~.C?x.~.dc~.....~~:~~.7..............................
(Praperty AGdress)
Ths Not~ contain~ pravist~ns sllowins tor chan~es in th~ intsrest ~e~t~. H fh~ ~ntere~t ~ete
tncrea=es~ th• ~orrawer'e monlhly parm~n~e eovl~t t.~ hiQh•r. li ths inter~~t rets
d~cr~ass~~ iho 8or~owsr'a manthty p,~ymsnts wili b~ tovrer.
ADDI7tONAL COVENANTS. In addition to the oovenant and agresments made in the Security Instrument, Borrower
and Lender fLrther covenant and ag;ee as follows:
A. INTEREST RA'I`E AND MON'TNLY FAYMEIVT CHANGES ~
The Note provides for an initial interest rate of ..9..5A...........9b. Section 4 of the Note provides Por changes in the
interest ratc and the monchiy payments~ as fo~lows:
4. 1NTERES? RATE ~lN~ MON?'H~Y PAYJyIENT CN.lNG~S
(A) Changa DAtes
'The interest ratt I wil! pay may chang~ on the ,..fi~s~............ day of ............J~1y 19.~9..., and .
on that day of the month every 3f2 manths thereaRer. Each date on whieh my incerest rate could change ~
~ is called a "Change Uate." - -
(B) The Index
Beginaing wich the first Change Daee, my interest ratc will be based on an "Index." The Index is tht weekly
average yietd on United Statts Treasury securities adjusted to a constant maturity of years~ as made ~
available by the Federal Reserve Boarc:. The most recent Index figure available as of 45 days before each Change
Bate is called :he "C~nent Iadex." +
If the Indtxis nQ longer available, the Note Holder wili choose a new index which is based opon comparable '
information. The Note Holder will give ~me notice oC its choice.
(C7 Calculntion ot C~3nges
Arfore each Ch~nge Date, the Notr Holder will calculate my new interc~st rate by adding 3.15 percentage points
~ 3.15 `yO~ to the Current Indea. Tha Notc Holde~ wili then roi~nd the resul~ of this addi~ion to the nearest one-eighth ~
of one prrrcnt~?ge ~x~int (0.135'%). This roundcd amount will be my ncw intrrest rate until thc next Chnngc Date.
The Note flalder will then determine Ihe amount of the monthly p~yment that wouid be sufficient to repay the
unpaid principal h~lance u~ my lo~n ! am expected to o~ve on the Change Date in tull rn~ the m~turity date at my new
interest ratc in substanti~Uy equa) payments. The resutt of this calcul~tion is called the."Fuil Payment Amount"~ and it
will b~ Ihc new amuunt uf my manthty paymrnt
(D) Ef~ective Date of Changes
My ntw interest rate wilt become effective on each Change Date. I will pay the amount of my new monthly
payme~it beginning an the first morcthly payment date alter the Char.ge Date until the amount of ~ my monthly
payment changes again.
(E) Notice of ~anges
?he Nate Holder will mail or deliver to me a notice before each Change I~ate. The notice will advise me of:
(i) ~the new interest rate on my loan as of the Chan~e Date;
(ii) the amount of my monthly payment following the Changt Date;
(iii) any additiona! matters which the Note tio!der is required to disciose; and
(iv} the title and telephonc number of a person who will answer any c}uestion I may have regarding the
notice.
B. CHARGES; LIENS
Uniform Covtnant 4 of the Security Instrument is amended to read as tollows:
4. Charqes; Liens. IIorrnw~r shall pay all taxcs, asscssmrnts. and othcr charges, fines and impositions attributable to
the Propeny which may attain a priority over this Security instrument,.and tcas~hold payments or ground rents, if
any, in the manner provided under paragraph 2 hereot'or. if not paid irt such manner~ by Borrower making payment,
whcn due, directly to thc payee thereof. Dorrower shatl promptly furnish to Lendcr atl notices ot amounts due under
this paragraph, and in the event Borrower shalf makc paymcnt directly, [3orrower shall ~romptly furnish to Lsnde~
receipts evidencing such payments. Borrowcr shall proniptly ~ischarge any lien which has priority over this Secucity
(nserument; howtver, Borrower shall not be req~ircd to dischasge any such lien so long as ~orrower. ( a) shall agrce in
writing'to the payment ot tht obliga~iun secured by such lien in a manner acceptable to Lender, ( b) shatl in gaod
FNB - RE-201 UNIFORM ADIUSTABIE RATE LOAN--ct~suRr iao~c~-
BQOK PACE ~Z~