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201404600
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Last modified
7/20/2017 8:09:39 PM
Creation date
7/28/2014 10:46:37 AM
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DEEDS
Inst Number
201404600
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��14�4��� <br /> 4Bj The �n�ex <br /> Beginning with the first �hange Dat�, my �nterest rat� will be based vn an fndex. The <br /> "Index" is. Tr�asury Constant Matur�ty 1 Year <br /> The most recent lndex figure a�ailab�e as af the date: [� 4� days 0 <br /> befo�e �ach Change Date is called the "Current Index," <br /> �f the Index is no �onge� a�ailab��, the N�t� H�lder wil� cho�se a new Index that is based <br /> upon comparab�e informativn. The �ote Hold�r will g��e me notic� of this cho�ce. <br /> �C} Calculat�nn of �hanges <br /> Before each Ghange Date, the Nvt� Holder wi�� ca�culate my new �nterest rate �y adding <br /> T�� AND 87�11�QD p�rcentage points <br /> � 2.875 °/o� t� the Current �ndex. The N�te F�older will tnen round t[�� result af <br /> this addition to the � N�ar�st � Next Highest � Next Lowest <br /> 4 �.12��0 °Io�. Su�ject <br /> to the limits stated in Secti�n 4�D} be��w, this rvunde� arr�ount wil� be my new interest rate <br /> until th� next Ghange Date. <br /> �The N�te Hv�der wi�� then determine the am�unt of the month�y payment that wauld be <br /> sufficient to repay the unpaid principa� 1 am expect�d to owe at the �hang� Dat� in fu�l �n the <br /> Ma�urity D��� at �ny �evv ir�t�r��t �ate �� �ub��a�ntia��y e�ual payr�ne��s. T�� result of this <br /> calcu�ation will be the new amvunt ❑f my manthly payment. <br /> [� Interest��nly Per�od <br /> The "�nterest-�nly Period" is the period frvm the date of this Nate through <br /> . For th� �nt�rest-vnly �e�ivd, after ca�culat�ng my new inte�est rate <br /> as pr����ed abv�e, the Note Holder wi�l then determine the amount af the monthly payment <br /> that would be sufficient to pay the int�rest which accru�s an the unpait� principal �f my f�an. <br /> Th� result of this calcu�at�or� w��� be the new amount of my manthly paym�nt. <br /> The "Amart�zatian Perifld" �s the per�ad after the inte�estWonly period. Far the <br /> amorti�atic�n peri�d, after caicu�ating my new interest rat� as pra�ided aba�e, the Nate �a�d�r <br /> w��l tnen det�rmine th� amount vf the monthly payment that would be sufficient tfl �epay the <br /> unpaid pr�ncipal that I am ex�ected tv owe at t�e Change Date in full on the Maturity Date at <br /> my new interest rate in substantially equal payments. The result of this ca�cu�atian w�(� be the <br /> new amount of my month�y paym�nt. <br /> lnitials: <br /> �-899R �����} Pag� 2 �f 5 <br /> ° �p�:�.... �- <br />
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