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��14�7�53 <br /> f B3 The Index <br /> Beginning with the f�rst Change Date, my interest rate will be based �n an �ndex. T'he <br /> "Index" is: Tr�asury Constant Maturi ty 1 Year <br /> Tne most rec�nt �ndex figure a�ailahle as vf the date. �45 days � <br /> hefar� eac� Chang� Date is ca��ed the "Current lndex." <br /> �f the Index is na �onger a�ai�ab�e, the Nvte Hvlder will chaose a n�w lndex that rs �ased <br /> upan c�mparable inf�rmation. The Nate Hv��ler wi�� gi�� me notice of this ch�ice. <br /> �C� �a�cuiatifln of Changes <br /> Before each Change Date, the Nvt� N�lder will cal�ulate my new inte�est rat� by adding <br /> T�4 AN� 87�I1�4� pe�centa�e points <br /> 4 2.$75 °/o� to the Cu�'t�ent �ndex. The Nvte Hvider will tl�en �aund the �esult af <br /> this add�ti�n t� the � Nearest �.N�xt H�ghest � N�xt Lawest <br /> � D.1��fl� °/o}. �ubject <br /> tv the l�m�ts stated in Secti�n 4t D} be�ow, this rounded amount will be my new interes� �ate <br /> until the next Change Date. <br /> �Th� Not� �Iv�der wi�l th�n d�t�rmine the �mount af the mvnthly p�yment th�t would be <br /> suffic�ent to repay the unpaid pr�ncipal I am expected t❑ owe at the Ghange Date �n fu[( on the <br /> Mafiuri�ty Date at my n�w �nterest rate in substantia�ly equa� payments. The result of this <br /> calcu�ation will be the new amaunt af my monthly payment. <br /> 0 Interestw�niy Peri�d <br /> The "I nterest-Only Per�od" is the psrivd fram the date of this Nflte thraugh <br /> . For the interest�vnly peri�d, aft�r calcufatin� my new interest rate <br /> as prv�ided abo�e, the Nate Hv�der wi�� then determine the amvunt of the m�ntnly payment <br /> that would be sufficient tv pay the interest which accrues �n the unpaid pri�c�paf �f my loan. <br /> Th� result �f this �alculatian wil� be the �ew amount of my manthly payment. <br /> The "Am�rtization Perivd" is the per�o� aft�r the interest-only �er�od. For the <br /> amorti�ativn periad, after calculating my new interest rate as pro�ided abv�e, the Note Holder <br /> wil� then dete�min� th� amount vf the monthly payment that waufd �� suff�cient to repay the <br /> unpaid principal that 1 am expected ta vwe at the Change Date �n fulf an the Maturity Date at <br /> my new inter�st �ate in substantially �qual payments. The resu�t of ti��s cal�ufation wil� be the <br /> new amount of my month�y payment. <br /> ln�tiafs. <br /> �-8�9R t�51�� Pag� 2 nf 5 � <br /> 0 <br />