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<br /> s �:� '� �. if the iaterest eate changes on n Ct�ange Date. Lender will calalate the amount of monthtY paymeot of '.� �;°� .: <Yj�;
<br />���� � � P�F�and interest�ch�vouid be neces.sary to rep�,y ehe unpaid pancipal byance in full at the matarity date ., . `��,���.�,'`_�-
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<br /> # ,�� , ��3���:' at the aew Intemst rate tbmugb suDst3ntially equal payments. In.making s�tcb calcularion.Lender�viU use the '��-L,�,,,::�:`.'� ""�>
<br /> _ -� r---,T,:—�--:, �mpaid pdncl�af bataucc whic�would�owed on the C4�angc Date if there had 6een w defautt in gagment on tae ° �,----�
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<br /> _ �:� ,_:` .-::' Note�tedaoe��y tfle a�ount of aeyprepaymeuu to principat.T�e result of this ralcWatIon will be the a�ount o f _._. .�' :� v .
<br /> ---- - - the near mam�y payutem af prie�ccIpat m�d'mterest. - `` °ti V-T �,
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<br /> '`< 7 '� "�- � Lender will give notioeto Borrower af any c�ange in the intec+est tatc aad monWy paycaent amo�utt.?tte � ,�° � : � :
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<br /> 1 � Y ' notice must be given at least 25 days befo�the new monthly payment amount is due.and must set forth(i)the ���.* .
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<br /> . date af the aotice.(ii)the Chaage tJate.(iii)the oid intenst rate.(iv)tke new interest rate.(v)the nen monthty �<'�� .; :`, ;;` •
<br /> �- k `;=.��=.:.� paym�t amouat.(vi)the�l�ent Index and tt�date it was pu6lished.(vii)the method of calculatin$thee drange Y '
<br />- �t ,` _ _�_.tT'Y(�:_�.� `:<���: in monthlY paYmeut amoun�aad(vui)any other information which may be requirad by law fmm time to time. _�� ' - - ---.
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<br /> -`� '` ,: ° `� (G)EKedive IIaLe of C6anges `_ -
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<br /> ' <� � A new inierest rate calculated in a000rdance with pazag�aphs S(C7 and S(D) of this Note will bxoate �, ;��
<br /> � �'�'"�� � �� ' effective on the Q�ange Date.Bormwer shail make a payment in the new montflly amount beginning on the first
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<br />- •. ;',::c`-.:;,.�`:i,,< •; paymeat datc whicb aavrs at least 25 days after Lcnder has given Botrower the notioe of d�anges�qtrired by , , . -
<br /> t: ' �z �� , P�Pb �t�'7 of this Note. Botrower shall Gave no obligation to pay any increase in the monthlY P�Yment , °�;_ "
<br /> �� . -` k ;, amou�ratwlated in aao�+dance�vith paragraph Stfi)of this Note for anY PaYment date accurring tess Wan 25 i�:
<br /> �_„ .., , .� .�.:;'�:: days zRer Ixnder has givea the nequired notice. If the monthly payment amoune pkWated in aceordagce wiW , �F
<br /> ` ''� E of this Note decrea.�,but.Lender failed to ve tin�el notice of the decre3se aicd Borrovrer made <<.� � �
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<br /> 4 a�==? � � any montlily'paym�amounts ea�ead�g tBe payment amount which shoald have beea stated in a wnely nodoe. , �y
<br /> �,���r � , then Bomower has cfz�vpiion t��het ii)d�nand the retum to Borrower of any excess payment.with interest _
<br /> �:'':; •�<< , �� � thereou.at the Note rue(a rate eqml m the intenst rate which should have been stated in a time[y notice),ar(u) . ,
<br /> ' °�>� ��at any excess payme�,�ith interest theneon at the Note rate, be applied as payment of principal. ��
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<br /> ;, �;:+,:;�i�.;y E : ,:4;� Le�er_s obligation to retum any excess payment with intetest on demand is not assignable even if ttut Note is �' :;
<br /> �� ` ����g� ';,� ,•� � othernrise assigned before the demaad for retum is made. = —
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<br /> �� > ... ` ' BY SIGNING BELOW,Borrower accepts and agrees to ihe temis end covenants rnntained in t�s Adjustabie =
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