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200502951 DOC ID #: 0009051254203 2. INTEREST (A) Interest Rate Interest will be charged on unpaid Principal un% The n rate ef I will I will pay may change. pay interest at a yearly rate of 1 . 0 0 0 The interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section 7(B) of the Note. (B) Interest Rate Change Dates day of The interest rate I will pay may change on the first MAY, 2005 ,and on that day every month thereafter. Each date on which my interest rate could change is called an "Interest Daaete7heantere�t rate may change interest will t to become effective on each Interest Rate Change monthly payment is recalculated in accordance with Section 3. (C) Index Beginning ith the first InterRate Change Ave Average" the adjustable nnual yields on actively traded United 9 Index. The Index is the "Twelve-Month States Treasury Securities adjusted to a constant maturity of one y ear as published by the Federal lease entitled " Reserve Board in the Federal Reserve Statistical Re Seaddind ItoeetheRthe Mo thly (the "Monthly Yields "). The Twelve Month Average is determined by g g The Yields for the most recently available ach Interest R dividing by D to is cal ed the recent Index Current Index ure available as of the date 15 days before e If the Index is no longer available, the Note Holder will choose a new index that is based upon comparable information. The Note Holder will give me notice of this choice. (D) Calculation of Interest Rate Changes Before each Interest Rate Change Date, the Note Holder calculate � 650 in (rest rite)bo adding TWO & 6 5 / 10 0 percentage point(s) the Current Index. The Note Holder will the round the result t will this adndew interest rate until the next of one percentage point (0.125 %). This rounded 9 , 950 %. Beginning with Interest Rate Change Date. My interest will interest never be greater than will never be lower than the Margin. the first Interest Rate Change Date, my 3. PAYMENTS (A) Time and Place of Payments I will make a payment every month. day of each month I will make my monthly payments on the l wi I make these payments every month until I have beginning on May, 2005 paid all the Principal and interest and tined as of is srgheduled due date that applied to interest before Note. Each monthly payment will be pp , I still awe amounts under the Note, I will pay before Principal. If, on APRIL 01, 2035 those amounts in full on that date, which is called the "Maturity Date." • Payoption MTA ARM Rider Page 2 of 6 1 E310 -XX (12/04)