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202604467 (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding a margin of TWO AND 000/1000 percentage points ( 2.000 %) (the "Margin") to the Current Index. The Note Holder will then round the result of the Margin plus the Current Index to the nearest one -eighth of one percentage point (0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. 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 on the Maturity Date at my new interest rate in substantially equal payments. 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 6.250 % or less than 4.250 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than ONE AND 000/1000 percentage point(s) ( 1.000 %) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than FIVE AND 000/1000 percentage point(s) ( 5.000 %) higher or lower than the initial interest rate stated in Paragraph 2 of this Note. (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 telephone 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 indefinitely stopped providing the Index to the general public; (ii) the Administrator or its regulator issues an official public statement that the Index is no longer reliable or representative; or (iii) the U.S. Department of Housing and Urban Development ("HUD") removes the Index as an approved index for adjustable rate forward mortgages. If a Replacement Event occurs, the Lender will select a new index (the "Replacement Index"), which must be one of the indices approved by HUD at the time of a Replacement Event. The Replacement Index, if any, will be operative immediately upon a Replacement Event and will be used to determine the Borrower' s interest rate on Change Dates that are more than 25 days after a Replacement Event. The Index could be replaced more than once during the term of the Note, but only if another Replacement Event occurs. After a Replacement Event, all references to the Index shall be deemed to be references to the Replacement Index. The Lender will also give the Borrower notice of the Replacement Index, if any, and such other information required by applicable law and regulation. MULTISTATE FHA ADJUSTABLE RATE RIDER i. DocMagic FHAAN.RDR 01/24/23 Page 2 of 3 Q20358852013200000000470854eb990-fdcb-4e4c-9555- 4aa8e668d340203