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<br /> (C)Calculs�tton of Interest Rete Changes ; �';:':'
<br />--• ' Before each Change Date,Lender will calculate a new interest rnte by adding a ruargit�of Two ancl ��;;�;;b.
<br /> ��' ` ..� Three / Qua rters percentage point(s)( 2.75D0 �)eo
<br /> � the Current lu�x and rounding the suns to the nearest one�ighth of one percentage point((�.1259b). �bject ���_
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<br /> , - to the limits stated in paragraph(D)of this Rider,this rounc�ed amount will be the new intr.h,at r3ds until the �:�-
<br /> , . ncxt Change Data `
<br /> �t., �r�_
<br /> ` ��;;,:i!;:; (D)Lim(ts on Inta�est itate Ctwnges -•-
<br /> T�e eaisting interest rate will nover increase or decrease by more than one percent�pe goint (1.0�)on �:�_
<br /> -� •` "" any single Change Date. Tke interest ratc will never be more than five percentagc pointa('3.0%) highu or =
<br /> ' . �� lower than the initial9nterest rate.as stated in Paragraph 2 of the Note. °�
<br />_ ��'.,,• ,'.�•-'° (E)CalcWation of Y'ayment Change —
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<br /> - ,c..�• If the interest rate changes on a ChangE Date, l.ender will calculnte the amount of monthly payment of
<br /> =��'�- '� ' rio�i,al and inrer�ct which would he necescaw to re av the unnaid orincioal balance in fiill at the Malurity
<br /> ^ ���" Date t the new interest rato through substm�Zially equal paymcnts.Jm m�king such calculation, Lender will use
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<br /> -;:=�4?�f��, the unpaid princlpal balance which would be owed on the Change Date if che�had beea no default in paymeat
<br /> '_�A,:?�''tir.
<br /> -- on the Note,rcduced by the a�nount of any prepayments to principal. The resu?Y of this calculation wlll be the
<br /> �"��"�'''`' ar�unt of the aew montlily payment of�principal and interest.
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<br /> -_- "�°�"""� (Fj Notico of Chan�es --
<br /> � �� Leader will givc notiCe to Borrower of any change in the intcrest nse and monilily pa.ymrnt amou��t.The
<br /> ;�;�;�y_� noticc must bc given at least 25 days before thc new monthiy payment amount is due,and must set fonh(i)the
<br /> ^�=�T� date of tlte notice, (ii) the Chu►ge Date, (iii) the old intcrest mte, (iv) the new interest rate, (v)tlic new
<br /> _ - ---�__°,�,—� munthly payrnent n�.ount.(vi)the Ctirrent Index and the d�te it wns published.(vii)the method of calcWating
<br /> --- , thc change in unont�5}•payarent amount. and (viii)any other information which may be c�eqnired by law from
<br /> — time to tiiue.
<br /> _—,�,,.� (G)Eftective Dntc ot Changes
<br />�- ' A new interest rate calculated in,accordatKe with parngr�hs (C) and (D) of this Rider wil!become
<br /> -� effective on the Change Date. Borrowcr sh>x!l ra�k� a paym:nt in the ne�v monthly amount beginning on the
<br /> _�== first payment date which occurs at Iwst 25 days after Les�er Uas given Bonower the notice of changes _
<br /> ---= required by pazagraph(F)of this Rtder. B07f�OWC[EZLTII Ilfl�•o uo obligatton to pay any increase in the moathly
<br /> — paymeat amount calculated in accorciance with panigrap�(B)af tt►ia Rider for any payment date occurring less
<br /> �__._._,.� than 2S days after Lender has given the required notice. If the monthly payment amount calculatod in --
<br /> — --W ' accordance with paragraph(E)of this Rider deceeased,but Lender failed to give timely notice of txte decrease -
<br />-- - _�-„� . aad Borrower made any monthly paytnent amounts exceeding thc payment amount which should have bcen �
<br /> ���=��.� stated in a timely notice, then Borrower has the option to either(i) demand the a+Emrn to Bonower of any —
<br /> _���_;�;�' excess payment. with intemst thercon at the Note rate(a rate equal to the interest rate which should have bcen _
<br /> � •' stated in a timely notice),or (ii) request that any excess payment,with interest thercon at the Note tate, be r;=
<br /> ; ; �� applied as payment of principal. Lender's obligation to return any excess payment with interest on demand is �"`
<br /> : ���''- not assignable even if the I3ote is othenvise assigned before the demand for retum is made. �- .
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