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99 112053 <br /> (D) Limits on Interest Rate Changes <br /> (Please check a ro riate boxes• if no box is checked there will be no maximum limit on <br /> c an�es. <br /> � (1) There will be no maximum limit on interest rate changes. <br /> � (2) The interest rate I am required to pay at the first Change Date will not be greater than <br /> 9.375 % or less than 5.375 %. <br /> � (3) My interest rate will never be increased or decreased on any single Change Date by more <br /> than TWO AND 000/1000 <br /> percentage point(s) ( 2.000 %) from the rate of interest I have been <br /> paying for the preceding period. <br /> � (4) My interest rate will never be greater than 12.375 %, which is called <br /> the "Maximum Rate." <br /> � (5) My interest rate will never be less than 5.375 %, which is called the <br /> "Minimum Rate." <br /> 0 (6) My interest rate will never be less than the initial interest rate. <br /> (E) Effective Date of Changes <br /> My new interest rate will become effective on each Change Date. I will pay the amount of my new <br /> monthly payment beginning on the first monthly payment date after the Change Date until the amount of � <br /> my monthly payment changes again. <br /> (N�Notice of Changes <br /> The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount <br /> of my monthly payment before the effective date of any change. The notice will include information <br /> required by law to be given me and also the title and telephone number of a person who will answer any <br /> question I may have regarding the notice. <br /> B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br /> Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br /> Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or <br /> any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and <br /> Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, <br /> require immediate payment in full of all sums securzd by this Security Instrument. However, this option <br /> shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security <br /> Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender <br /> information required by Lender to evaluate the intended transferee as if a new loan were being made to the <br /> transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan <br /> assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is <br /> acceptable to Lender. <br /> Initials: <br /> �-899U (9705►.01 Page 3 of 4 <br /> m <br />