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�. � 2� 1 ��225 L�AN #: D"I 1 fi8�78 one-eigh�h of�ne percen#age��int��.1��°Io}. Sub�ect to th�I�mits stat�d in �ection 4�a} below, this raunded amount will be my new interes# rate until the nex� Chang� �ate. The Nate Hold�r w�l!then det�rmine the amoun#of the mon�hly paymen�tha�wouEd be sufficient to r�pay the unpa�d princi�a�that I am exp��ted ta awe at the �hange Date in fu I! on the matu rity d a�e at my new i nterest ra�e i n substa ntia lly eq u a I payments. The resuEt of this calculation wili be the n�w amount of my month�y payment. �D�Lim�ts on Interest Rate �hang�s The interest rate � am required to pay at�he firs��hange ❑a#e will no�be greater#han 3.Z�o °I� or less than z.2so°I�. Ther�after, my interest ra#e will nev�r be increased or decreased on any single �hang� Date by mor� than oNE p�r��ntage point�s} t �.000°I� } from �he rate �f inter�st I have been pay�ng for �he preceding �� m�nths. My int�rest rate vuill never b� greater than 7.250 °Ia. �E}Effecti�e Date af C ha n ges My n�w in�erest ra�e wili b�come �ff�ctive on each �hange Date. I will pay the amaun#of my new mon�hly paym�nt beginning �n the f�rst monthiy payment da#� after the �hange Date unt�l the amount of my mon#hly payment changes aga�n. �F} Notice of�hanges Th� Note Hold�r wi�l del'rver ar mail �o me a notice of any changes �n my interest rate and the amaunt of my monthly payment bef�re th�effec#ive dat�of any chang�.The n�tice �ill inc�ude information required by law to be given to m� and also the title and telephone number of a person who w�l� answer any question C may have regarding the n�t�ce. B. TRANSFER�F THE PR�PERTY�R A SENEFICIAL INTEREST lN B�RR�WER Se�tion �8 of the Security �nstrument is amended �o �ead as f�l�ows: Transfer af th� Property or a Ben�fiGial �nterest in 8orrower.As us�d in #his 5�ction �S, "Interest in the Prop�rty" means any �egal �r �enefi�ial inter�st �n th� Property, includEn�, but n�t I'rm�ted to,th�se beneficial in�erests transferred En a b�nd for deed, �ontract for deed, �nstallment sales contract or escrow agreement, the intent of which i�the transfer�f title by Borrovuer at a future date ta a pu r�haser. If a!I or any part of the Pr�perty or any fnt�res� in the Prop�rty is s�Cd or transf�rr�d �or if Bvrrower 'rs not a na#ural person and a benefic�a� int�r�st in Borrow�r is sold or transf�rred} without Lender's prr�r writ#en consent, Lender may require imm�diate payment in fui� of a11 sums secured by this S�curity Instrumen�. How�ver, this �ption shall n�t be exercis�d by Lender if such exercis� is proh�bited by Applicable Law. Lend�r also shall not �x�rc�se this option if: �a} Borr�►n►er causes to �e subm��ted to L�nd�r informati�n required by L�nder t� e�afuate the �ntended transfere� as if a new Ioan w�re b�ing made to �he transferee; and �b� L�nder r�asonably de�ermines that Lender's security will not be impaired by the laan assumpti�n and that the risk of a brea�h �f any �ovenan# or agreem�nt �n this Securi#y Instrument is a�c�pta�le to Lender. To th�extent permitted �y Applicable Law, Lender may charge a reasonable fee as a cond�tion to Lende�'s cansent t� #he Ioan assumption. Lender may also require th� transf�ree to sign an assumpt�on agreement tha# is acceptabl� to Lend�r and that obligates the transferee to keep al!the promises and agreements made in the Note and in #his Securi#y lnstrument. Borrovuer will continue to be abligated under th� Note and this Securi#y Ins#rument unless Lender releases Sorrower in writing. If Lender exercises the op#ion to re�uire immediate paymen� in full, Lender sha�l give Borrower na#ice of acc�leration. Th� no�ice shaEl provide a per��d of not less than 3�days from the date th�n�tice is given in accordance with 5�c#��n 15 wi#h in wh ich Borrower mu�t pay a I�su ms s�cu red by th is Secu ri�y �nstru me n#. M�LTISTATE A�JUSTABLE RATE R�DER-5ingle Fami�y-Fannie MaelFreddie Mac L3NIFDRArI INSTRUIVIENT Form 3108 11�1 Mvdified VAHARM Ellie Mae,�nc. Page � of 3 V8765R�U 0508 V8765RLU(CLS} DSI'i 91201 fi 12:25 PM PST � tie`sr ■■y ■� � r � � �� ■ �