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<br />200604615 <br /> <br />A1JN: 100433620064180029 <br /> <br />["oan Number: 2006418002 <br /> <br />(C) Calculation of Changes <br />Before each Change Date, the Note Holder will calculate my new interest rate by adding SEVEN AND <br />ELEVEN TWENTIETHS percentage point(s) (7.550%) to the Current Index. The Note Holder will then round <br />the result of 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 sufficient to repay <br />the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest <br />rate in substantially equal payments. The result of this calculation will be the new amount of my monthly payment. <br /> <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 11.050% or <br />less than 9.550%. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more <br />than ONE AND ONE HALF percentage point(s) (1.500%) from the rate of interest I have been paying for the <br />preceding SIX months. My interest rate will never be greater than 16.550%, or less than 9.550%. <br /> <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 amount of my <br />monthly payment changes again. <br /> <br />(F) Notice ofCbanges <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of <br />my monthly payment before the effective date of any change. The notice will include information required by law <br />to be 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 /> <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 Section 18, "Interest in the <br />Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial <br />interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the <br />intent of which is the transfer of title by 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) without <br />Lender's prior written consent, Lender may require immediate payment in full of all sums secured by <br />this Security Instrument. However, this option shall not be exercised by Lender if exercise is <br />prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to <br />be submitted to Lender information required by Lender to evaluate the intended transferee as if a new <br />loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security <br />will not be impaired by the loan assumption and that the risk of a breach of any covenant or <br />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 />continue to be obligated under the Note and this Security Instrument unless Lender releases <br />Borrower in writing.. <br />If Lender exercises the option to require immediate payment in full, Lender shall give <br />Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from <br />the date the notice is given in accordance with Section 15 within which Borrower must pay all <br />sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the <br /> <br />MULTISTATE ADJUSTABLE RATE RIDER - UBOR SIX-MONTH INDEX (AS PUBLISHED IN THE WALL STREET JOURNAL)- <br />Single Family - Fannie Mae Uniform Instrument Page 2 of 3 .4'FJ~ 3m1'a, vo}t <br />Borrower( s) Inilials,t..Z....L.fIL f(..!1.' 1.- <br />IDS, Inc., (800)554-1872 <br />