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<br /> r'��•� '' 4. INTEREST RATE A,ND MONTHLY�AYMENT CHANGES
<br />���'��,`�, . (A) Change Dates �
<br /> ��••,.,�,.": � Tlie interest rate I will pay may change on the first day of AUG[tST ,
<br />-_:.:;�,�. �i lggg , and on that day e�ery sixth month thereafter. F.ach date on which my
<br />-������. iaterest rate could change is called a Change Date.
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<br /> " t�`:' (B) The Index �
<br />�=������:`'� Be inning with the �rst Change Date, my interest rate will be based on an Indez. The
<br /> �,'.:'L4'.:',, ..
<br /> "Index is the average of interba�ilc offered rates for six-month U.S. dollar-denominated
<br />-�` ` deposits in the l.ondon market ("LIBOR"), as published on The WaU 5treet Journal. The
<br /> Ls?�'`'%� most recent Index figure available as of the first busine.ss day of the mondi imm.ediately
<br />-'�;�'�°��k preceding the rnonth in which the Change Date occurs is called the "Current Index."
<br />�-�w�,� If the Index is no longer available, the Note Holder will choase a new Index that is
<br />-��i�,� based upon comparable information. The Note Hoider will give me notice of this choice.
<br /> -_-� (C) CalculAtion of Changes
<br /> —=- Before each Change t�ate, the i3ote HoIder wiif i:ajc�lat� my r�N inte:�°t :ate b
<br /> ------ adding SIX AND ONE HALF percentage point(s�
<br /> -- o.S000 �) to the Current Index. The Note Holder will then round the
<br /> � result of this a�ddition to the nearest one-eighth of one percentage point (0.125��.Subject to
<br /> the limits stated in Section 4(D) b e low, t h�s roun d e d a m o u n t w i l l be m y n e w �n t�r e st rate
<br /> ° - ---� uiytil the ncxt Change Date.
<br /> � The Note Holder will then datermine the amount of the monthly payment ttzat would be
<br /> � sufficient to repay the unpaid principal that I am expected to owe at the Chaage Date in full
<br /> on thc Maturity Date at my new interest rate in substantially equal payments.The result of
<br /> this calculation will be the new amount of my monthly payment.
<br />- -- (D) �.imits on Interest Rate Changes
<br /> The interest rate [ am required to pay at the first Change Date will not be greater than
<br /> i z.9 9 0 0 � or less than 9.9 9 0 0 %. Thereafter, my interest
<br /> rate will never be increased or decreased on any s ingle Change Date by more than one
<br /> percentage point (1.0°rb) from the rate of interest I have been pAying for the preceding six
<br /> months. My interest rate will never be greater than 16.4900 °�or
<br /> less than 9.9900 �.
<br /> -- �-1172207 i9�oa� Pag�2 of 4 8�5U
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