Laserfiche WebLink
200209408 <br />TIIE ONE -YEAR LONDON INTERBANK OFFERED HATE 1 " LIBOR "1 WHICH IS THE AVERAGE OF INTERBANK OFFERED RATES FOR <br />ONE -YEAR U.S. DOI IAR -9ENOM INAT ED DEPOSITS IN THE LONDON MARKET. AS PUBLISHED IN THE WALL STREET JOURNAL. THE <br />MOST RECENT INDEX FIGURE AVAILABLE AS OF THE DATE 45 DAYS BEFORE EACH CHANGE DATE IS CALLED THE "CURRENT <br />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 ONE — QUARTER percentage points <br />( 2.250 %) to the Current Index. The Note Holder will then round the result of <br />this addition to the E] Nearest UNext I lighest n Next Lowest <br />ONE— EIGHTH OF ONE PERCENTAGE POINT ( 0.125 %). Subject to <br />the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the <br />next Change Date. <br />The Note Holder will then determine the amount of the monthly payment that would be <br />sufficient to repay the unpaid principal I am expecled to oY e at the Change Date in full on the <br />maturity date at my new interest rate in substantially equal payments. The result of this calculation <br />will be the new amount of my monthly payment. <br />Interest -Only Period <br />The "Interest -only Period" is the period from the date of this Note through <br />. For the interest -only period, after calculating my new interest rate as provided zbuvo, <br />the Nate Holder will then determine the amount of the monthly payment that would be sufficient to <br />pay the interest which accrues on the unpaid principal of my loan. The result of this calculation will <br />be the new amount of my monthly payment. <br />The "Amortization Period" is the period after the interest -only period. For the amortization <br />period, artcr calculating my new interest rate as provided above, the Note IIolder will then <br />determine the amount of the monthly payment that would be sufficient to repay the unpaid <br />principal that I am expected to owe at the Change Date in full on the Maturity Date at my new <br />interest rate in substantially equal payments. The result of this calculation will be the new amount of <br />my monthly payment <br />SS899R Io,o n.oa a.o. z e, a MGNR 09183182 8:43 AM 6169382170 <br />