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<br /> � 98- 11z�e1
<br /> ca)Tne�naex
<br /> Beginning with the first Change Date, my intcrest ratc will be based on an Index. The "Index" is:
<br /> vs Tr.a.uryt Eill
<br /> The most re:.ent Index�gure available as of the date: �45 clays �
<br /> befbre cach Change Date is called the"Current Index."
<br /> If the Indea is no langer available, the Note Holder will choose a new Index that is based upon
<br /> comparable information. The Note Holder will give me notice of this choice,
<br /> (C)Calculatlon of Changes
<br /> Before each Change Date, the Nate Holder will calculate my new interest rate by adding
<br /> �p �p g�q percGntagepoint(s)
<br /> (2.75000 %)to the Current Index. The Note Holder will then round the resul�of this
<br /> addition to the � Nearest 0 Next Highest �Nexc Lowest
<br /> i/8 (0.i25 %). Subject to the limits stated in
<br /> Scetion 4(A)below, this rounded amount will be my new interest rate until the ncxt Change Date. '
<br /> The Note Holder will then determine the aznount of the monthly payment that would be sufCicient to
<br /> repay the unpaid principal that I am exgected to owe at tlie Change Date in full on the Maturity Date at my
<br /> now in[enst rate in substantially equal payn�ents. The result of this calculation will be the new amoun[of
<br /> my monthly payment.
<br /> �Intcrest-Only Feriod
<br /> The"interest-only period'is the period from the date of this Note through .
<br /> For the interest-only period. after calculating my new interest rate as provided above, che IJote Holder
<br /> will then deternune the amount of the monthly payment that would be sufficient to pay the interest which
<br /> accrues on the unpaid principal of my loan. The result of this calculation will be the new amount of my
<br /> monthly payment.
<br /> The 'amortization ptriod' is the period after the interest-only period. For the amonization period,
<br /> afte.calculating my new interest rate as provided above,the Note Holder will then deterrr►ine the amount
<br /> of tho monthly payment thu would be sufficient to repay the unpaid princ?pal that I am expectod to owe at
<br /> the Change Date in full on the Maturity Uate at my new interest ratc in substantially equal payments. The
<br /> result of this calculation will tx tt�e new amount of my monthly payment.
<br /> Initiels:
<br /> �899U(97061 Page 2 of 4
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