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<br />200609838 <br /> <br />THE ONE-YEAR LONDON INTERBANK OFFERED RATE ("LIBOR") WHICH IS THE AVERAGE <br />OF INTERBANK OFFERED RATES FOR ONE-YEAR U.S. DOLLAR-DENOMINATED DEPOSITS <br />IN THE LONDON MARKET, AS PUBLISHED IN THE WALL STREET JOURNAL. THE MOST <br />RECENT INDEX FIGURE AVAILABLE AS OF THE DATE 45 DAYS BEFORE EACH CHANGE <br />DATE IS CALLED THE "CURRENT INDEX." <br /> <br />If the Index is no longer available, the Note Holder will choose a new Index that is <br />based upon comparable information. The Note Holder will give me notice of this choice. <br /> <br />(C) Calculation of Changes <br />Before each Change Date, the Note Holder will calculate my new interest rate by <br />adding TWO AND ONE-QUARTER percentage <br />points ( 2 ' 250 %) to the Current Index. The Note Holder will then round <br />the result of this addition to the D Nearest IKJ Next Highest D Next Lowest <br />ONE-E I GHTH OF ONE PERCENTAGE PO I NT (0, 125 'Yo), Subject <br />to the limits stated in Section 4(0) below, this rounded amount will be my new interest <br />rate until the next Change Date. <br />The Note Holder will then determine the amount of the monthly payment that would <br />be sufficient to repay the unpaid principal I am expected to owe at the Change Date in <br />full on the maturity date at my new interest rate in substantially equal payments. The <br />result of this calculation will be the new amount of my monthly payment. <br /> <br />D 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 <br />rate as provided above, the Note Holder will then determine the amount of the monthly <br />payment that would be sufficient to pay the interest which accrues on the unpaid <br />principal of my loan. The result of this calculation will be the new amount of my monthly <br />payment. <br />The "Amortization Period" is the period after the interest-only period. For the <br />amortization period, after calculating my new interest rate as provided above, the Note <br />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 <br />Maturity Date at my new interest rate in substantially equal payments. The result of this <br />calculation will be the new amount of my monthly payment. <br /> <br />S-Jl-r. <br /> <br />/D <br /> <br />BS899R (0402) <br /> <br />Page 2 of 6 <br /> <br />MGNR 10/31/06 4:45 PM 6492923534 <br />