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200205512 <br />(R) The Index <br />Beginning with the tint Change Date, my adjustable interest rate will be based on an Index. The <br />"Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of <br />one year, as made available by the Federal Reserve Board. The must cent Index figure available as of the <br />date 45 days before each Change Date is called the "Current Index." <br />If the Index is no longer available, the Note Holder will choose a new index that is based upon <br />comparable information. The Note Holder will give me notice of this choice. <br />(C) Calculation of Changes <br />Before each Change Date, the Note Holder will calculate my new interest rate by adding <br />Two and Thx ee -Qua rt e. re percentage points <br />( 2 .750 %) to the Current Index. the Note Holder will then rnmd doe result of this <br />addition to the nearest one - eighth of one percentage point (0.125 %). Subject to the limits stated in Section <br />4(D) below, this rounded amount will be my new interest rate until the next Change Date. <br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to <br />repay the unpaid principal that I am expcctal to nwc at the Change Date in full on the Maturity Date at my <br />new interest rate in substantially equal payments- The resuh of this ealculation will be the new anlount of <br />my monthly payment. <br />(D) Limits on Interest Rate Changes <br />The interest rate 1 am required to pay at the lirsi Change Date will not be greater than <br />9.250 % or less than 3 .250 %. Thcreattcr, my adjustable interest <br />rate will never be increased or decreased on any single Change Date by more than two percentage points <br />from the rate of interest I have been paying for [lie preceding l2 months. My interest rate will never be <br />greater than 11.250 '7, <br />(E) Effective Date of Changes <br />My new interest rate will become cffmtivc un each Change Date. I will pay the amount of my new <br />monthly payment beginning on the first monthly payment date alter the Change Date until the amount of <br />my momhly payment changes again. <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in not initial fixed interest rate to <br />an adjustable interest rate and of any changes in my adjustable interest rate before the el Icctive date of any <br />change. 'the notice will include the amount of my monthly payment, any information required by law to be <br />given to me and also the title and telephone number of a person who will answer any question I may have <br />regarding the notice. <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />1, Until Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms <br />stated in Section A above, Uniform Covenant 18 of the Security Instrument shall read as follows: <br />was is: !✓0J <br />(M-8438 100061 Payo 2 of 4 Form 3182 1101 <br />m <br />