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<br /> (C)�►n�ount of My Ialtlnl Scheduled PAruitats
<br /> Each of my initisl scheduled payrr�ents will be in thc amount of U.S. S 4R4..95................... .
<br /> 'fhis amount may change.
<br /> (Q�SC}!lf1U� pAyllllpt CbqlljE�
<br />_ Changes in my scheduled payment will reflect changes in the unpaid principal of my loan and in
<br /> the interest rata that I musc pay. The Note I-Iolder will detGrmfne my new Snterest rate und the
<br /> changed amount of my scheduled pay�nent in accordance with Section 4 of the Note.
<br /> 4.INTERESTRATE AND 5CHEDULEDPAYMENT CHANGES _
<br /> (A)Change Ds�tes
<br /> Each date o��vhich my interest rate could chanse is called a"Change Date." (Mark one)
<br /> O The intertst tate 1 will pay may change on the first day of...........................................
<br /> and on that day every .................................,......,........ month thereafter.
<br /> �Tlie intetes[ rate I will pay may change.�7„�..1Ht,b..daY.•A�•I�C,'etCkiez�••20.0�,.........,
<br /> and on erery.J,81'.h.c�y..Q�„e�h.6QtY3.mG7tlth....................... thereafter,
<br /> (B)The Index
<br /> �B�eg�innin with the first Change Date,m.y inte�est ratc will be based on an Index. The "Indcx" is:
<br />� �..Xk�?.��X.�k'�4.........................,,....,...,.....................................................
<br /> ,...........,.._.,,..................................,.,...,.......,....,.......,..........,.....,..........................
<br /> ..,...,.,..,.....................................,..................,,.,.........,...,.....................,...........
<br /> The most recent Index figure available as of the date�8 45 days ❑ ..................................
<br /> ..........,,,,. ..................................,.. ..,,....,...........,..............,.. .
<br /> before each Change Date is called the "Curront Index."
<br /> If the Index is no longer available, the Note Holder will chaose a new index which is based
<br /> upon cornparable information. The Note Holder will give me notice of this choice.
<br /> (C)CakuloUon of Changes
<br /> Befoze eachChange Date,the Note Holder will calculate my new interest rate by ..................
<br /> �?�3.k�,�?,�P..?�?,4/.?,4.44.................... ..,...........,.....,,...,..............,........ ...
<br /> ..... .......
<br /> F`r�n�s'�,,;�t�� :...............4;,110 %1 tothe Current Index.The result of this calculation:
<br /> O will not be rounded off.
<br /> #�will be rounded off by the Note Holder to the nearest..............Qr.�2�96.
<br /> ❑ will be counded off by thc Note Holdsr up to the nearest...................... 96.
<br /> ❑ will be rounded off by the Note Holder down to the nearest ...................... %.
<br /> Subject to�he limitations stated in Section 4(D) beluw, this amount will be my new interest rate
<br /> until thc nextchange date.
<br /> The Note Nolder will then determine th� amount of the scheduled payment that would be
<br /> sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the
<br /> maturity date at my new interest rate in substantially equaf payments. Ttie result of this calculation
<br /> will be the new amount of my scheduled payment.
<br /> (D) Limit�on Interest Rate Changes
<br /> �My interest tate will never be increased or decreased on any single change date by mote
<br /> than........................percentage points from the rate of interest I have been paying for the
<br /> preceding period.
<br /> ❑My interest rate will never be greaterthan.................... �or less than ....,..............9b.
<br /> (E) Ettective Date of Changes
<br /> My new ineerest rate will become effective on each Change Date. I wil!pay the amount of my
<br />— new scheduled payment beginning on the first scheduled payment date after the Change Date until
<br /> the amount of my scheduled payment changes again.
<br /> B�nk�r15y�IMnt. �nc,SC.Cioud.MN Form ARtA 3/18/98 Ipeye 2 0131
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