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qjMi poablc in 210 consecutive monthly Installments, beginning with D-Sumber 15* 1990 and ending with November 15, 2010 (the "Maturity Date"). 3. Interact. The rate of Interest shall be calculated as follows: a. For the first twelve (12) consecutive months, Interest shall atarue (and shall be due and payable on each of the first twelve (12) in3taliments) on the principal balance from time to time outstanding at the rate of Eight and Three Quarter percent (8.75%) per annum. Thereafter, begiming with the due date or the 12th on each and every anniversary date or tile due date knatallment and or the 12th installment, Interest shall accrue (and shall be due and payable on each Installment due date thereafter) on the prtpdjpa1 balance from time to time outstanding at a rate (the "Variable tntereat Rate-) of Interest, per an=m, established by LCEF on each sudi (Latta (t)he IICY%jagra Dait:.e'") • lim accordance with N, paragraph 12, be2w. b. LCEF shall establish the Variable Interest Rate by adding up to a maximum of two percentage points to its Cost of Funds as determi mad by it on the Ust day of the second month of the calendar quarter pr=eding the calendar quarter of the Change Tats. LCEF's Cost oir FuWx cn,s•.izb date Is determined by 02*xtlng &M antickpated twelve q.12) manth average annual rate of Interest payable on the ftoball balance then outstanding of LCEF's Investment Obligattams, exclusive of 14EF's Support Dollars. The Msalting percentage, per annum, ceded to the nearest 1/8 or,oma! Pare antp is LCEF's Cost of tFunds. "investment Obligations", for Pprvdsas of such =mputablon, means bile total principal value of all aadat=Ls payable 'to investors on LaDF term. hates and flexible lavestmeat certifia&tes as of such date and "Support BaLlars" mesas the tatal of all deposits of corporations directly a part of or controlled by The Lutheran Church-Hissouri Synod, as Identified in the Synod's Constitution. 4. Amounts of Installments. The amounts of installments of principal and Interest dub and payable hereunder shall be determined as below set forth: 2.