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201501275
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Last modified
4/14/2015 11:59:17 AM
Creation date
3/3/2015 4:42:56 PM
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DEEDS
Inst Number
201501275
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(D) Limits on Interest Rate Changes <br />(Please check appropriate boxes; if no box is checked, there will be no maximum limit on <br />changes.) <br />PI (1) There will be no maximum limit on interest rate changes. <br />(2) The interest rate I am required to pay at the first Change Date will not be greater <br />than 6.000 % or less than 2.750 %. <br />(3) My interest rate will never be increased or decreased on any single Change Date <br />by more than TWO AND 000 /1000 <br />percentage points ( 2.000 %) from the rate of interest I have <br />been paying for the preceding period. <br />(4) My interest rate will never be greater than 9.000 %, which is called <br />the "Maximum Rate." <br />(5) My interest rate will never be less than 2.750 %, which is called the <br />"Minimum Rate." <br />0 (6) My interest rate will never be less than the initial interest rate. <br />(7) The interest rate 1 am required to pay at the first Change Date will not be greater <br />than % or less than %. Thereafter, <br />my interest rate will never be increased or decreased on any single Change Date by <br />more than <br />percentage points ( %) from the rate of interest 1 have <br />been paying for the preceding period. <br />1x1 <br />1x1 <br />1x1 <br />Ix1 <br />1 1 <br />(E) Effective Date of Changes <br />My new interest rate will become effective on each Change Date. I will pay the amount <br />of my new monthly payment beginning on the first monthly payment date after the Change <br />Date until the amount of my monthly payment changes again. <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and <br />the amount of my monthly payment before the effective date of any change. The notice will <br />include information required by law to be given to me and also the title and telephone number <br />of a person who will answer any question I may have regarding the notice. <br />ort -899R (0510) <br />201501275 <br />
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