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<br />200611601 <br /> <br />(B) The Index <br />Beginning with the first Change Date, my interest rate will be based on an Index. The <br />"Index" is the weekly average yield on United States Treasury securities adjusted to a <br />constant maturity of one year, as made available by the Federal Reserve Board. The most <br />recent Index figure available as of the date 45 days before each Change Date is called the <br />"Current Index." <br /> <br />If the Index is no longer available, the Note Holder will choose a new index which 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 adding <br />FOUR percentage points <br />( 4.000 %) to the Current Index. The Note Holder will then round the result of <br />this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the <br />limits stated in Section 4(0) below, this rounded amount will be my new interest rate until <br />the next Change Date. <br /> <br />The Note Holder will then determine the amount of the monthly payment that would be <br />sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full <br />on the maturity date at my new interest rate in substantially equal payments. The result of <br />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 <br />9.750 % or less than 7.750 %. Thereafter, my interest rate <br />will never be increased or decreased on any single Change Date by more than one <br />percentage point (1.0%) from the rate of interest I have been paying for the preceding 12 <br />months. My interest rate will never be greater that. 750 %. <br /> <br />(E) Effective Date of Changes <br />My new interest rate will become effective on each Change Date. I will pay the amount <br />of my new monthly payment beginning on the first monthly payment date after the Change <br />Date until the amount of my monthly payment changes again. <br /> <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate <br />and the amount of my monthly payment before the effective date of any change. The notice <br />will include information required by law to be given to me and also the title and telephone <br />number of a person who will answer any question I may have regarding the notice. <br /> <br />"'-821 R (0402).01 <br /> <br />Page 2 of 4 <br /> <br />Initials/t:;/ <br />D(~ <br /> <br />Form 3108 1/01 <br />