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20260 163 The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal pay- ments. The result of this calculation will be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 10.990 % or less than 4.950 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than FOUR percentage points (4.000 % ) from the rate of interest I have been paying for the preceding 60 months. My interest rate will never be greater than 14.990 %. My interest rate will never be less than the start rate or 4.950 %. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required by law to be given to me and also the title and tele- phone number of a person who will answer any question I may have regarding the notice. (G) Replacement Index and Replacement Margin The Index is deemed to be no longer available and will be replaced if any of the following events (each, a "Replacement Event") occur: (i) the Administrator has permanently or indefi- nitely stopped providing the Index to the general public; or (ii) the Administrator or its regulator issues an official public statement that the Index is no longer reliable or representative. If a Replacement Event occu rs, the Note Holder will select a new index (the"Replacement Index") and may also select a new margin (the "Replacement Margin"), as follows: (1) If a replacement index has been selected or recommended for use in consumer products, including residential adjustable -rate mortgages, by the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, or a committee endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York at the time of a Replacement Event, the Note Holder will select that index as the Replacement Index. (2) If a replacement index has not been selected or recommended for use in con- sumer products under Section (G)(1) at the time of a Replacement Event, the Note Holder will make a reasonable, good faith effort to select a Replacement Index and a Replacement Margin that, when added together, the Note Holder reasonably expects will minimize any change in the cost of the loan, taking into account the historical performance of the Index and the Replacement Index. The Replacement Index and Replacement Margin, if any, will be operative imme- diately upon a Replacement Event and will be used to determine my interest rate and monthly payments on Change Dates that are more than 45 days after a Replacement Event. The Index and Margin could be replaced more than once during the term of my Note, but only if another Replacement Event occurs. After a Replacement Event, all refer- ences to the "Index" and "Margin" will be deemed to be references to the "Replacement Index" and "Replacement Margin." The Note Holder will also give me notice of my Replacement Index and Replacement Margin, if any, and such other information required by applicable law and regulation. B. TRANSFER OFTHE PROPERTY ORA BENEFICIAL INTEREST IN BORROWER Section 18 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. MULTISTATE ADJUSTABLE RATE RIDER —5YEAR ARM —Single Family — Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3131 1/01 (rev. 2/20) ICE Mortgage Technology, Inc. Page 2 of 4 F3131 1 RDU 0320 U (CLS)