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200205748
<br />0943611MEX
<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 />six. and .one.- half,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,percentage points (....6:`a ........ %) to the Current Index.
<br />The Note Holder will then round the result of this addition to the nearest one - eighth of one
<br />percentage point (0.125 %). Subject to the limits stated in Section 4(D) below, this rounded amount
<br />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
<br />to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity
<br />date at my new interest rate in substantially equal payments. The result of this calculation will be
<br />the new amount of my monthly payment.
<br />(D) Limits on Interest Rate Changes
<br />The interest rate I am required to pay at the first Change Date will not be greater than
<br />.......% or less than ....9:875........ %. Thereafter, my interest rate will never be increased or
<br />decreased on any single Change Date by more than . one ................................. ...............................
<br />percentage points (........!;000,,,, %) from the rate of interest I have been paying for the preceding
<br />six months. My interest rate will never be greater than ....!. 875......... %. My interest rate will never
<br />be less than ....9.!17.5........ %.
<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
<br />amount of my monthly payment changes again.
<br />(F) Notice of Changes
<br />The Note Ilolder will deliver or mail to me a notice of any changes in my interest rate and the
<br />amount of my monthly payment before the effective date of any change. The notice will include
<br />information required by law to be given me and also the title and telephone number of a person
<br />who will answer any question I may have regarding the notice.
<br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER.
<br />Uniform Covenant 18 of the Security Instrument is amended to read as follows:
<br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest
<br />in the Property' means any legal or beneficial interest in the Property, including, but not limited to,
<br />those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract
<br />or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a
<br />purchaser.
<br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if a
<br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)
<br />without Lender's prior written consent, Lender may require immediate payment in full of all sums
<br />MULTISTATE ADJUSTABLE RATER I DER -LIBOR INDEX - Single Family Form 3192 1101 EC108L Rev. 11/19/00
<br />Freddie Mac Instrument
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