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<br />.. <br /> <br />200603482 <br /> <br />this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in <br />Section 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 sufficicnt <br />to repay the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at <br />my new interest rate in substantially equal payments. The result of this calculation will be the new amount <br />of my monthly payment. <br />(0) Limits on Interest Rate Changes <br />The interest rate I am required to pay at the fIrst Change Date will not be greater than 1I.550% or <br />less than 10.050%. Thereafter, my interest rate will never be increased or decreased on any single Change <br />Date by more than One and One Half percentage points (1.500%) from the rate of interest I have been <br />paying for the preceding 6 months. My interest rate will never be greater than 17.050%. <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 <br />new monthly payment beginning on the fIrst monthly payment date after the Change Date until the amount <br />of my monthly payment changes again. <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and thc <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 to mc and also the title and telephone number of a person who will <br />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 <br />18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but <br />not limited to, those beneficial interests transferred in a bond for deed, contract for deed, <br />installment sales contract or escrow agreement, the intent of which is the transfer of title by <br />Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if <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 />secured by this Security Instrument. However, this option shall not be exercised by Lender if such <br />exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) <br />Borrower causes to be submitted to Lender information required by Lender to evaluate the <br />intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably <br />determines that Lender's security will not be impaired by the loan assumption and that the risk of <br />a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a <br />condition to Lender's consent to the loan assumption. Lender also may require the transferee to <br />sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep <br />all the promises and agreements made in the Note and in this Security Instrument. Borrower will <br /> <br />MULTlSTATE ADJUSTABLE RATE RIDER - LlBOR SIX.MONTIIINDEX (AS PUBLISHED IN THE WALL STREET <br />JOURNAL - Single Family - Fannie Mae Uniform Instrument <br />Form 3138 1101 <br /> <br />Page 20f3 <br /> <br />'"i'i.'~ <br />