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<br /> "`r': ' �` �€E NO'f'E CONT.4IriS.PRt)VISIONS AI�Otk'ii1iG F�R CHAAtGEB IM THE �.,
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<br />:?'�;:L,�:. . . ' ' �iTERF3T�RATB AND T�E:1Gi�N'F�I.Y PAYM�N'C THE NOT� �.IINI't'S THE , , �
<br /> ;�`'�`� ` � 'AM�1J11�TI�TE BUIiHOWER'S INTERF.SlT RATE�AN GHANGE AT ANY ONE'i'I1NE • . .
<br /> � . . ' ; AAiD'T�IE MA7�MU�3 RATE THE BaRROWEB MUST PAY. � � � ' • . . '
<br /> ' � �AUDPi��NAI.. R".UYENAI�i'�'S.. in additian ta the covenants end agrECmsn4s madr� in the Secudty Instniment„ ,.,
<br /> .• . borrowu ond I�ender fiarti�cr cove»ans anc�agree as foltows: . ' • . � ' • '
<br /> . ' , . • � • ' . , .
<br /> • . . . , �INTEP�5�'E�A1`E AND MQIVTI�i.Y P�YMENT CNAHGFS. '• '. , ' ' " _ � .
<br /> � . ' •: . (Al Cflao�e Date • � � Oe�c��" '!, 'l916 . ' .
<br /> ' 'fi�e intarest rate may change on th�first day of. � .and that day of eaet,succe.�d"mg year.
<br /> .. . °ChangE F�"�means eacbi date oa�rhiclttiia6tumst rate Could ci�ange.• . , �:-;
<br /> � ' (B) 7'6e Xq6�e�[ ' ' • . .. _ . _.
<br /> � . . `Be�inning with tf�e fust(�aqge Date.�he lntecest cate wiU be based on an In�ex. "[ndex"nkans the wcekty averagc
<br /> • }nelQ on Unitai$tates•�ury•Securlties adjusted to a:onstan�maturity 6f oi���r.as made ava6l�bie by the Fedtr�i � .
<br /> � . Reserve Soa�rcL "Cun�ent Inde�i'means.the�most receru index figu�e�.}�ailabie 3�days befcxe tixe.C'hange Date.'1f tmt tnd�.c.':'.;
<br /> `:.,; , (as.detuxd�jcaue)is no ioager-avaiir.bir,Lender wiil usc es a new�l�+c any iridex ptescribodf:[�,�:��e SScreYary. As use�i i��;;;;:'� .
<br /> :�:�,.�; � Wis Ricidr."'S`�Cret�rY"means che Secne�ary of.Ncwsiag and Urban�►:9�vetopanena or his ar.fua�����igna. .Lee�der�will gicvi:���
<br /> . . ,,r::, . .
<br /> ' Bcxsowet notica of the ntw tndea. • . , . • . ;<<;.,:; ' ; . `;�:�'.::�' : . . .
<br /> ;.: , . . tcf �irotstioaalnterrstiist��gn�es: : . � `,';�:.;:;.� . � .. � �
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<br /> ;,:.,� . , Befora�ch C.'hange[?aUe,}�ender ys�7�5�alculate a new interest rat$by adding a margin o;'„;s::�'.' • ... .
<br /> • .. . . . . '{� . . ' . . . ' � � . .
<br /> . � ; � . .. T1M0 e�m1s-tislf - � .' . . pe�ntage . _
<br /> ---= --' .� .. .�-,�•�p�-4 -- �- �-�-�-■�i'p}tt-f '-ilF-i'6iC2�''�i�n=8ti�=i0i�iwiir�-�iii:�niifit Zti i�`iL'fi��L_:.i�-Cl�:'':.'g t�ti'�-i^�C=3��i�::l�
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<br /> � . . . (0 i24�,},. Sebjecx tu the limits stated i�iJ�'�ragraph(D)of this Rider.this roande�amount wilt be the�tcew interest,rate untit '
<br /> ' ._ •the next Citan�e DsUe. � . • . . . . � , , .
<br /> � ' _ (D) l.imitson Inkrest Rate Ghaegrs .. . . . � , . .
<br /> � �The irterest rate wi11�ever increase oc decreae by mare than ono pc:rcent�ge point(1.0'�To)on ar►y single�e D�te. .
<br /> '• 'i1�C intereaGittte wil{nevet be more thw1;15vc percentage pdints(5.O�Jn)�higheror lower tban the initial interescrate.
<br /> � . (B} C�kal�tfo�e ot PaymEnt C6ange � . , �
<br /> . � if!he interesi rate chn.�g�es or1�A�ange Datc.L'tnder w�1�catculate thc amount oP monihty paymeat of principat and �'
<br /> • ' interesr whicb ttould be necessa'ry to rep.ay the nnpaid p�incipal bala�ue in full at th�inatudty date�t the�new interest rate �
<br /> . through substantialty.equat p�ymems. tn makirmg such calculatian.Lender wil{.use thc unpaid.prin�ipat tialance which wtwld ��
<br /> . . 6e�owad on the�hange Date if tF►erc har�been no defauIt in payment on the Note.mcldced by the a�itount of an}r.prepayments '
<br /> : to ptineipal. The result af this calcutation will be the amount of the new monthly paymtn!af principal and iriterest.� '� �� : �
<br /> � ' ' (Fy NoflceoiC�an�es . . � ' � _ � ,
<br /> , �Lender�wilt give nptite to Borrower of any change in the interest rate and cnbnthly pnyment mm�unt. The notice inusi ' �
<br />. 6e given a�,tr�st 2S.days before tfie n�w monthty payment amount is due,and must set fo�.�a:ti)the date�of the notice;
<br /> • (ii)the Ca;.ctige Uate,(iii)the otd interest rate.(iv)thc new�interest rate 1v)the��ew moz�ti�Ei'�payment amount,(vaD ihe �
<br /> • ,�C�.uz�r:¢.Indea and the•date it was published.(vii)t6e method of catcutating the c�ange in monthly paymert eimrint�'and
<br /> � � (viii)any othea infartnation which may be rcquired by law from tisne to Nme. � . '
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