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. - --����� *_v� ,�:. <br /> .,.. . - <br /> .� I . .----�,�f-�-_ <br /> - -�..r_�i� . . <br /> '� - <br /> •�• . <br /> ' 4. INTEftEST RATE AND M�NTHLY PAYMENT CHANGES �1 <br /> . , (A) Gh�no• pat�s • <br /> � • Th�� intsr�sk ret• I wfll pay m�y chan9w on ths�first <br /> ' , dMY ,of Octobir . 1944. end on that d�y �vary , <br /> on� ( 1 ) y��r thsreaft�r . E�ach d+��.e on which my <br /> fntor�st rat� could chana� is call�d a "Chano� Data'. <br /> (8) The Index <br /> '-'— Bes�itininv with i.he first Ch+anga Dato. my intereat r�te ___ <br /> will b• based on an Indsx. The "Index" i� the weeklY <br /> averafle yield on United Statea TreasurY escurities <br /> •djustsd to a canatant maturity of one ( il Year , <br /> as made availabla by the Federal Reserve Board. The <br /> most recent Index figure available aa af tha date <br /> appraximately d5 days before each Chanpe Date is celled <br /> tha "Current Indax" . <br /> If tha Index is no loneer available, the LENDER will <br /> chocee a new index which is based upon comperable <br /> information. 7he LENOER will pive me notice of <br /> thi$ choica. <br /> — {C) Calculatior� of Changes <br /> -- - Before each Chanee Date. the LENDER will calculate <br /> my new intere$t rate by adcJing 275 parcentage <br /> points (2.75x) to th� Current Index. The LENDER will • <br /> then round the result of tliis addition to the nearest one- <br /> eighth of one percentage point t .125x). Sub,jsct t�r the �� <br /> _— limits stated in Sectian 4 (D) below, this rourtded <br /> -- - amount will be my new interest rate until the next <br /> - - Chan9e Oate. <br /> -� The LEtVDER will then determine the amount ui �i��� rionthly � � <br /> payment that would be sufficient to repay the unpaid <br /> principal that I am expectad to owe at tha Change Date <br /> in �ull on the maturity date at my new interest rate in <br /> substantially equal payments. The result of this <br />- calculation will be the new amount of my monthly <br /> paYment. <br /> . `� . � <br /> �, (D) Limits on Interest Rate Chan9es <br /> +_�' The interest rate I am required to pay et the first <br /> � Change Qate will not be greater than 7 .25� <br />_� . <br /> , ,�ye or less than 5.25x. Thereafter . mY interest <br /> ' �, rate will nover be incr-eased �r decrea�,ed on r�ny sir�qle <br /> t ,? Chenge Date by more than 1nQ porcvntage puints ( 1_OOx) <br />_ '� from my initial note of interest I have bden <br /> „�;r,r.•,�:; peying for the precedinq twelve tnont.hs . My interest <br /> `yt;,�""�'�_'- rate will never be greatc;r 10.50%c. <br /> :#:;,ir?JY' <br /> (E3 Effective Date of Changes <br /> '' ' My new interest rate will berome effective on pach <br />�.'.��� Change Date . t will pay tiie amount of rny new monthly <br /> - -- = payment beginriing an the f i.rst month1Y t���Yment date <br /> ,��� after the Change Date until the amo�ant of my m��nthly <br /> payment changes again. <br /> -- (F) Not ice of Chan4es <br /> °-= The LENDER wi 11 deliver of mai 1 L•o m4 not ice of any <br /> ._:.� chanaes in my £nterest rate and tho amount of my monthly <br /> — payment before the effectivo date of any change. The <br /> notice will include infiormation requir ed bY law tc� be <br /> given me and also the titl� and tel�phone numbor of a <br /> person who will answer any qugstinn I maY have reflerding <br /> the notice. <br /> L.oan Number 62220�i <br /> MD062 <br />