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<br /> - 4. IlV'�ERES�RATE AND MONTHY.Y PAYN�N9C�iNGES ���
<br /> � (�►)Cbange Dates � �
<br /> �` � r <,� The interest rate I will paY ma3►chanSe on the first day of FEBRUARY . ;° ��
<br /> ���� , �,.�, ...; � aooi , and an that day �very svcth month thereafter. Each date on which my . T . .
<br /> �'� -.. �� �-�,: interest rate coyld change is called a"Change Date." l '�
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<br /> � �i��, ` Beginuing with the first Ci�aange Date, my interest rate will be based on an Index. The
<br /> ��.: ..• C ng �
<br /> �,,.. - ^Index" is the average of inter6ank offered rates for six manth U.S. doUar-denominated t,1 : `
<br /> �` .. � �� d�osits in the London market(°LIBOR"), as published in The Wall Street Journal. The �
<br /> � � `-:, :` most recent Index figure available as of the first business day o f t h e mon t h unm e d i a t e t y ;' ,
<br /> r :
<br /> �'' ` `�� preceding the month in which the Cbange Date occius is caUed the"Current Index." '
<br /> ����' ' _a.�ro.
<br /> If the Index is na tonger available, the Note Holder will choase a new Index that is ,� ` •
<br /> �_�� Y` •Y . f< .:
<br /> '`��`'� . . �.; based upon comparable infom�ation.The Note Hotder will give me notite of this choice.
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<br /> ��;...., �_'_°. .�.�:`:o:.. Before each Chauge Date, the Note Holder will calculate my new interest rate by � ,�.-.
<br /> :,�. . _ . , adding ssvErr xrm o� FouRTx perc�ntage point(s) ..
<br /> ��`'�` � . �: �>' � �.2soo °b) w the Curreent Index. The Note Holder will then rouud the �1��,�-
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<br /> k�`' �:���:',�. '���` ��` result of this asldition to the nearest one-e��of one percentage point(0.125�). Subject to :.,, :,.
<br /> i;�s�.'� � �•_ the limits stated in Secdon 4(D) below, tTiis rounded amount w�U be my new interest rate r �•�
<br /> ��� _ ° e Date.
<br />_ :,�a . r�: wiW the nem Chang �F:',.:��a_
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<br /> The Note Holder will then detemnine the amount of the monthly payment that wauld be '��L
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<br /> . � . ' �� sufficient to repay the uapaid principal thai I am expected to owe at the Change Date in full _
<br /> � - - ° ��.< on t h e M a t u r i t y D a t e a t m y n e w i n t e r e s t r a t e i n s u b s t a n ti a U y e q u a l P a y m e n t s. The result of '��'
<br /> '�;Y � this calculation will be the new amount nf my monthlY Payment•
<br /> ;y,' ; . . . . .� , (ID)Lim�ts on Interest Rate Changes �
<br /> �;�?�;��.. � � � The interest rate I am reyuirefl ta pay at the first Change Date will not 6e greater than
<br /> _ '::.:�<., , ' ,. i3.�sofl � or less than iz.2soo °7. Thereafter. my mterest .
<br /> `� �'�'��' . . . rafe wiU never be increased or decreased on as►y single Change Date lry mare than
<br /> .`'+::"` . . ' oNS p�xc�nrr from the rate of interest I have been pay�ng for the preceding �` ,� .
<br /> , '-��._- � � .� .�:.. '�r.'�`�-. six months. My interest rate will never be greater than ie.�s oa % or .-
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<br /> s : . r; .. lessthan iz.2soo R'o.
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