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� . _ 1 -- �- _ • 89..: �� °j!o dq - .. 1t3 Th�method sef forth in this Parsgraph 3 oi this Adjustable R�Rider.to�determtning�r�rhether o�not M�djuNme�t mual!�s m�de to the Existinp lnterest Rate inco�rates the efteets of tttie�o�rlatons of 24 .�, CfR 203.�9(e1111 and 23r.79(eit11 wh(ch�equiro th�l chan�es in the t�dex in exeess ai a�e pefcentege polnt nxt�t be cerrkd over Cor istclus;o�►+n atljuststner�ts to the Existir►glMereslRate ite suba�qt�enl yeat=. (�} K th� Mdhc is�o longer avaita6le, Mo�tg�ee wiN be required to.use sny Fndex p�escrabed by the � tf�pKtm�M+�t Haning end li�ban Dtv�top�►r�t�t. trAortg�+�e!wilt wioCty MortgsgOr in w�iEing of any � - su�h�su6M11'ut�indtxfgiving Nt neceassryfnformstbntorMorfgsgorto-obtskrsudt ind�cl�etsdeft�rtAa � dMf ol sud� notice the subatfiite index wili be deemed to be the tndex hereunde' �k (a) 11 ths Exi�ling (nterost Rate changes on any Cfienge Dat�. MaKgagee wil) �ecalcutate the ma�►tfily • imtsiM�ent payments of principal and inierest�o determine the amount which w�oufd be tKCessary to � �pay in rull,on the maturity date,the unpaid principal balance(whicl�unpatd p�incipal bstance wilt be dsemed to be the amou�t due on such Change Date assuming there has been nv detauk in any p�ymeM on the Nfote but tf�at all prepsyments on the Not�have been taken into account},�t the new � Existing IMe�est Rste,in eque!monthly payrttencs.On or before the Change Date.IIR�rtggge�wt11 gtve , Matgs�or writTen�o['�ce C'Adjustment Notice"1 of sny change in the Existing Itr.t�resE Rab��trtd of the rovi�sd�motx�t of ths monthiy instalfrrxnt payments oC principa!and inCerest, cafr,�c�'eted ss p(ovide�f �bov�e.Esd�A�ustrn�nt Notke will set torth 1i)the dste the Adjunment Notice is y,�ven�tii)the Cfiange � Drte,(iii)the new Exfating Inter+est Rate as adjusted on the Ghamge Date.(iv)the amaunt ot the ad{'usted , monthiy inatsllrs�ent pa�rmer�ts,ceicutated as provtded above,Cv�tE*e Curnent tndex,(vi)the methad of . . dipilatirtg the edjustnxnR to the mvnthiy instailment payn�s�nts,erxc±(rrfiir a�y other intormstion which mty be reqe�irer! by�aw from time to time. . . � (61 Mat�sgor agreiCS to pa�the adjusied monthly instaliment a�o�nt kegtnnitig cr+the first payment date . whkh occurs�feeat rhitt+�!30}days after Mortgagee has given tfc�s A�t1��f�t Notioe to Mortgegor. Mcxtgsgor yviA cont�nuc� to p�y the ad�usted.monthly iRStailrrtertt'er^o�i��set forth in the last t � . Ac�justment Mralice�iw�by Mortg�s to Mortg�gor�oratii�the fi�t�ayment�v��kh o�xun at leest � -� thirty t301 d�dfter(�ctl�gagee hgs.g+ven a further Adjustr�tent.Aluti�e to Mortg�gjar�.Notwithstanding i `- snything to 4�tib vantiai^��conMined in tfif�A�jirsMW�a Rate Ftid�r or.fhe Maitgage: Mortg�gar wiil be - �:- ; rolieve�of ar��,cbNgation t4 pay,and Mortgagee wili have fa�feittd ita right to co(teCt,any tneroase in . `:; the monthly,l�taliment amount(caused by the�ecal�ui�t;q�a oi such amount unde�Subpa►ag�eph 4ta1) � - - ' for arty payr�i�iaiat dete occumng less tl:an thiny i30) d'ayo� after Mortgeflea has givan tfie applicabte � .��- . . Adjustment flL�tice to Mortgegor. � � ��'�, �� (c) Notwithstanding anything contained in this Adjustabl�t Rate Rider, i�a the event th�t(i1 the Existing � , Interest Rate Mras reduced on e Ch�rnqe Date,and(ii1�Mamq�ee tailed to give YYi�Adjustment Notice -- -- � ' • when requtr�cf;�and (iii) Mortgagr�.r,.cona$quQntly, fe�a �m.TC�� any month(y ins�Cailenent payments in . - � exces�oE tM aimount which would liave been set torth in sur�a Adjustment Notice�"�xcess Payments"). �� , � . then Mortpagor.st Mortgegor's sote option,may either(1)demand the retum frarn Mortgagee(who for . ��1� . — � the puTpo�e of this sentertce will be deemed t4 be the mortgagee,or mortgsgees�who received such • � . Excess Psyme�ts,whether or not ony such mortgagee su�r�equently assigrted t�:en Mortgagel of a11 or 1� �� ; , �ny portion�suCh Excess Pay►n�t3,with interest therean�,�t e rate equal to tJ��trrdex on the Change ' � — , Qatz nrh..�ttr.s Ex�ij!!g lnt+er�i Rats�as so reduced,ftem the d�le eachi*��t Fxct�:ss PaymPnt wns � made by Mortgagor to repeyment. or 12! requr�st thnt all or any par�9vn �F such Excess fJay!ments. `.�� ' " together with all inierest thereon calculated as provided above. 6e applled as paymer►ts r�r3�s�r,�r� , prindpal. . -� " E 5. Nothing contained in this Adjustable Rate Rider will permit Mortgagee to accomplish en lnterest rate � adjustment through en incroase (or decreasel to the unpatd principal batance. Chenges to the Existing IM�e�t R�te mey onfyr be teflected through adjustmeM to Martgagors monthty installment payments of prMdpN snd interest, as provided tor he�ein. BY SIGNING BELOW. Mortgsgor accepts and agrees to the terms and covenents contatned in this Adju�l�bN Rste Rider. � ��. ' t5eal► FII HAEL D NE -MoRgagar � :-_ -_ - i � C- h.�. � � 2� � (Seal! CYNT IA J MIZNER -nitortgagar � , t . L ` � 15ca11 fttortg�qar J _ FSC'd1� L � tii.��r,t'+�� �. �°" �;,w, - � +�r► " _ �.. ..., � ,