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200611427 <br />The Noce Holder will then determine the amount of the monthly payment that would be sufficient to <br />repay the unpaid principal that T am expected to owe at the Change Date in full on the Maturity Due at my <br />new interest rate in substantially equal payments. The result of this calculation will be the new amount of my <br />monthly payment. <br />(D) Limits on Interest Rate Changes <br />The interest rine I am required to pay at the first (image Date will not be greater than 10.3900% <br />or less than 7.3900'fo. Thereafter, my interest rate will never be increased or decreased on any single <br />Change Date by more than Ono and One Half <br />percentage points ( 1.5000%) from the rate of interest I have hecn paying for the preceding <br />six months. My interest rate will never be greater than 14.3900% or less than 7.390()%. <br />(E) Effective Date of Changes <br />My now interest rate will become effective on each Change Date. I will pay ere amount of my new <br />monthly payment beginning on the first monthly payment date after the Change [late until the amount of my <br />monthly payu rent drangc9 again. <br />(F) Notice or Changes <br />The Note 1 Iolder will deliver or mil to me a notice of any changes in nay interest rake and the amount <br />of un sutsnthiy Ixayxu at belerr the effective date of any chr t ge.The notice will include information required <br />by law to be given me to and also the title and telephone number of a person who will answer any question 1 <br />may heves regarding the nntiree. <br />B. TRANSFER OF THE PROPERTY OR A IIENEFICIAL INTEREST IN (BORROWER <br />Uniform Covenant 1 I of the Security Instrument is amended to read as follows: <br />Transfer of the Property or a Beneficial :interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest. in the Property, including, but not <br />limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment <br />sales contract or escrow agreement, the into ;re. of which is the transfer of title by Borrower at a <br />future date to a purchaser. <br />Tf all or any part of the Property Or any Interest in the Prnpe:rry ig r;nld nr transferred (nr if <br />Borrower is pot a natural person and a beneficial interest in Borrower is sold or transferred) <br />without Lender's prior written consent. Lender may require immediate payment in full of all sums <br />secured by this Security Tnatrument. However, this option :thrill not be exercised by Lender if such <br />exert :Ise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) <br />Borrower causes to be submitted Lo Lender inforneilien required by Lender to evaluate its:: <br />intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably <br />determines that Lender's security will not be unpaired by the loan assumption and that the risk of <br />a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasunablc fee as a <br />condition to Lender's moment to the loan assumption. Lender also may require, the transferee to <br />sign an assumption agreement that. is acceptable to Lender and that obligates the transferee to keep <br />all the promises and agreements .made in the Note and in this Security instrument Borrower will <br />continuo to be obligated under the Note and this Security Instrument unless Lender releases <br />Borrower in writing. <br />If Lender exercises the option to moire iuurediale payment in full, Lender shall give <br />Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from <br />the date he notice is given in accordance with Section 15 within wtsicb Borrower must pay all <br />sums secured by this Security Instrument. 11 Borrower fails to pay these sums prior to the <br />expiration of ills period, Lender may invoke any remedies permitted by this Security Instrument <br />without further notice or demand cn Borrower. <br />1001059100038a4a45 <br />(Page 2 of3Aga) <br />20 407692 <br />FNLC Fcr 93029L2 (04052408) <br />