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<br /> , The�interest rate �hi11�ever incr�se or ilesrease by more tiu�is on���ercentage paint 11.0`,b)ai��:si��.t� �
<br /> � , Change Qate.The int�cest rate crili never 6e more than fiv��rc�ntage palnis(5.0�!1 higti�i 11P�flLVCT tP2�F1 tl.�, . ".
<br /> • �itiat dnterest rate. ` � � � � � , ,. � .
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<br /> � •{E�i'„r�tculatfon af I�ayrmQn4 C�an�ge . ' � , , ,
<br /> �If th�iiiterest rttte changes on �f:Fange,Dat�. I.euder wiil calculate t�e arr,nunt af mar►tialy FayraeQt n�
<br /> , - grincipa�and i��erest�+rhich.woutd.be necessary ta repay t�e nnpaid principat b�lance in�I1 at�'�e Mata�it�Daie �
<br /> ' . at the nevr interest rafe through subs�m.:.ailY�1�P�Ymenu. Iat ma�sing such cz�cutatian� Lerzder.r,��ill us�thr .' ,
<br /> ' ,`��'�'" i�paid ps�n�^,r:::balance.rybicH wouis�,���c�f an the Change IIate 6F thg�e h�d been r�defautt ia payment on the ' � �.
<br /> � . . Noie,redu�:2>��:the a�uount af�,;�tip�av�azs to prFaeipal.The result of tfus caiculatsan witl be the nmaant caf �
<br /> , :tiie a�v mnnthiy payment of�-.�a'_�e2 i:.-��•_ ' ' ,
<br /> _ ` • . , ... r . � . : . ' �
<br /> . , � (l�j Noi�ce of Chenges . . , . . �
<br /> • L�r:iier wil!give notice to Borra�.�f a�ry�change in the interest iate arid manthly payincrit amoatnt. The ' �
<br /> , �,:r�ce-m.�st be given at Jeast?S days b��se�he new manthty payment amannt is due.and must set forth{i)t6e• `
<br /> � ' . ;�vf tke notice,(ii�tlre Change I14zz�;;��.�?k tfie otd interest rate.(iv)the n�c�interest�ate.(vl a6c new m�inthly .
<br /> . ��t?a:irce�t amoust.Evi)the Curtent�c�����he date it was publisl�ed.(vri)tbs acGhbd of ratcalat'v.tg the change' ;
<br /> •�II�onthtg paymert aznonnt.and(vii%���er information whlci�may be recjuired 6y!aw t'rom tlmie ta tir�e. •
<br /> � •� (67 FffecNve Date of Changeg . ' • � .
<br /> ' � �A r.ew iriter�st rate calculated in accarda�:se with paragraphs(C�and{D)of tfiis Rider wil!became eftcctivc ,
<br /> , ��Change pate.Borrower shall make a paymerit in the aesv monthly amount 6e�innia�g on the�irst paymen!
<br /> : e?ace which accurs�at Ieast 2�days after I.ei�:r i�as given Borrower the rcatire of ehan;es required bY P�S�Ph� �
<br /> f�?.of this Rider. Bonower shall have eo obl:gat"san to pay any increase in the monthly paymeat amount '
<br /> ralcuiated in ar,rordance with paragra�h��3 0€ttt:s�ii3er for any payment date accurring less tharr�S ds►ys ufter '
<br /> I.ender has given the required notice. If she mo�thly�paycnsnt amount catculated'm accordance vrith parn�ph IE) �.
<br /> of this Rider decreased,but Lender fz:S�d=�a giue timely r.a�ice oi the decrease•and Borrotver made any monthly '
<br /> payment amounts eaeeedirtg the pac-m�ni amcsuni cvhich s5�autd hai•e been stated.in a timely notiee.then Borrower
<br /> has the optidn ta either(i}demand ti;�return to Borc�wzrof any excess payment,with interest thercon at the I�Tote
<br /> rate (a rate equal to the interest rate.�;l:ic�should tta.e�been stat�in a timely notice),or(ii)request that nny
<br /> excess paymes�t,with interest thereaa„�Yna Note rate.Tee applied as�payment of principal.Lender's obligatian to :
<br /> retarn s►ny excess.pay�ent with interesi�n demaad is not assigna6le�ven if thc IVoie is athemise assigned 6efore
<br /> the dema�l�or retum is madc. �
<br /> BY SIGNING BELOW,Barrawer.accepu ar.d a,ees to the terms and wvenants contained in this Adjustabie
<br /> Rate Rider. � .
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<br /> • . -sornmcr THOMAS M 8Ctr1UL -Borrower
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<br /> , •Borrowcr 6i0$�+R4A CAR(�OL ULTZ -Borcower '
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