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<br /> 97- ���3i9
<br /> � . �� consta�it maturiry �f a�e year. as made uvailnbl� b,y th� Fedornl Reserv� Baard. "Current
<br /> ' i��iex" means tho mast r�cent Inciex fi�ure uvailablo 3Q days b�fare the Change Date. If
<br /> r,: �.� the Indox (us dofu�ed nbove) is na long�r nvailablo� Lender wlll usa as n naw Index any
<br /> "� .� . ' indax prescribed by th�S�cc�etary. As used in this Itidar, "Secretury means tho Secrewry of
<br /> � . Houslt� and Urban A�velapment ar hls ar her desi�nee." I.endcr will give 8orro�ver
<br /> 9,,;'�,_�. �`.. nndoe af tha new ind�x,
<br /> ����i; .,,�.,;;;y' (C)Culculatlon of Iaterest Rate Changea
<br /> �' �,;�: ����„: B e f o r o e a G h C t��,o I��B�. L,e n d e r w i f l c a l c u 1�3 e a�n e w i�r��s t r u t e b��x�������n,��
<br /> ��, �.,u of �ro �►I�m z�t8$-��.^�F.ats �n���s��g� p.��r�js)
<br />� ( a.950 Fol tt� tt�� �L'airrent Y�p� �nd mi�ar� the s,� to the ri�a�st
<br /> .`:;'�?J'''�.:•,� one-eigktla o�k c��r�erc:er�t��pnlnt(E�.�2..�°!o). SubJeet ta,t3���I�s stated it�paragn� 1,�i q�)
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<br /> �;�_ : _ ., of this�tider� �i:�eouncled s�mount wi��t�tho new intereat rAqE�wa�d1 t�to n�xt Chaage . :e.
<br /> - :� ; . . (L1)Limtte�►n xnteresi.�te Chen�s
<br /> ���� Tha existing; interest m��e wlil n�ver inef�ace ar decrease ��mor� th��one percenta�e
<br /> �. =��: point (Y.O�i) o!n �uy sin�la Ciiaange Date. 'The i�av�sest rnto �uaE� never �r° moro tln� five
<br /> ; � . - ; percentnge poi�es QS.O�) higher or lo��z!r a�an tho i�itial i�sLe��t r�te� as sta2+�d in Pa�a�a,�+2�
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<br /> ;. 2 of the N�t�.
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<br /> ' '` If tice int�rest rate changes on a n�a Date, Lender wlll c�lculAt� the amount of
<br />-�-: � mvntbly paymont of princip�l aad lntsrest whicb would be aecessary to �pay the ungaid
<br /> prineinal6alance la ftili at the Maturit�► Date at the new interest rate thr�ugh suUstsatlally
<br /> :`�,' equ�al Fayments. Ia S1lCtf CS�CL1�IRn4A, L�nster will � ttt� unpAid pri�ipai ba�an�a
<br /> which wauld ba owed�e Change Dato If there had been rto default in payment an ttw
<br /> � Notc, reduced by th�amouat of any prepayments to prtnclpal. The result af this culcutaHon
<br /> - will be tho a�noiaut af the new monthly paymcnt of pi�inclpul und inter�st.
<br /> — << (F�Notice of Change9
<br /> �� Lender wlll give notice ta &►rrower of any chung� in tho lnterest rote and mo�thly
<br /> - � payment amount. Tt�e notiGe must be given at tenst 2S daya before the new monthly
<br /> ��� nt nmaunt is due� anci must set forih(i)the date o�the nolice, (ii) tho Chango Date,
<br /> ' i') the old interest rata, (iv) the aew iatere9t ruto. (v) th� new monthl pnyment amouat,
<br /> .;, (vl) the G�im+ut lndex aad tho dute it was published, (vi�) ttr� me�Of CSICt1I31�11$ W8
<br /> change in momLly puyment amount. and (viii) any other infomwdan whlch may bo
<br /> - � reyu�red by�law from ti�ue to ti�na.
<br /> -_ � (G)Et't'ecttve Aate ot Ghs►nnges
<br /> ` � A new interest rate calcWated G7 accordnnce wlth Paragrnpha (C) oM1 (D) af th� ltlder
<br /> �' wIq became effect�ve oz� th� Change Dat�. �ormwer shall mako a payment ia the new
<br /> manthly ammount beginning an the first payment dat� wtdeh occurs at least 25 daye after
<br /> q' �� Lernder t�as given Horrawer the norice�f changes rec�ui�ed by paragraph(P)of thia R�der.
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