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QQ_l04565 b~ carried over for inclusion in adjustments to the EKisting I~~rest Rate in sub- sequent years. (g) If the Index is no longer available, Mortgagee will be required to use any indeK prescribed by the Department of Housing and Urban Development. Mortgagee will notify Mortgagor in writing of any such substitute index (giving all necessary information for Mortgagor to obtain such index) and after the date of such notice the substitute index will be deemed to be the Index hereunder. 4. (a) If the Existing Interest Rate changes on any Change Date, Morgagee will recalculate the monthly installment payments of principal and interest to determine the amount which would be necessary to repay in full, on the maturity date, the unpaid principal balance (which unpaid principal balance will be deemed to be the amount due on wuch Change Date assuming there has been no default in any payment on the Note but that all prepayments on the Note have been taken into account), at the new Existing Interest Rate, in equal monthly payments. On or before the Chang~ Date, Mortgagee will give Mortgagor written notice ("Adjustment Notice") of any change in the Existing Interest Rate and of the revised amount of the monthly installment pay- ments of principal and interest, calculated as provided above. Each Adjustment Notice will set forth (i) the date the Adjustment Notice is given, (ii) the Change Date, (iii) the new Existing Interest Rate as adjusted on the Change Date, (iv) the amount of the adjusted monthly installment payments, calculated as provided above, (v) the Current Index, (vi) the method of calculating the adjustment to the monthly Installment payments, and (vii) any other information which may be required by law from time to time. (b) Hortgagor agrees to pay the adjusted monthly installment amount be- gInning on the first payment date which occurs at least thirty (30) days after Mort- gag~e has given the Adjustment Notice to Hortgagor. Mortgagor will continue to pay the adjusted monthly installment amount set forth in the lallt Adjustment Notice given by Hortgagee to Hortgagor until the first payment date which occu~s at least thirty (30) days after Mortgagee has given a further Adjustment Notice to Mortgagor. Not- withstanding anything to the contrary contained in this Adjustable Rate Rider or the Hortgage, Mortgagor will be relieved of any obligation to pay, and Mortgagee will I,ave forfeited its right to collect, any increaae in the monthly installment amount (caused by the recalculation of such amount under Subparagraph 4(a) for any payment dale occurring less than thirty (30) daya after Hortgagee has given the applicable Adjustment Notice to Hortgagor. '(c) ~otwithstanding anything contained in this Adjustable Rate Rider, in the event that (1) the Existing Interest Rate was reduced on a Change Date, and (il) Hortgagee failed to 3ive the Adjustment Notice when required, and (iii) Mortgagor, consequently, has made any monthly installment payments in excess of the amount wlllch would have been set forth in ouch Adjustment Notice ("Excess Payments"), then Mortgagor, at Mortgagor's sole option, may either (1) demand the return from Mort- gagee (who for the purposes of Ihis sentence will be deemed to be the mortgagee, or mortgagees, who received such Excess Payments, whether or not any such mortgagee subsequently assigned the Mortgage) of all or any portion of such Excess Payments, with interest thereon at a rate equal to the Index on the Change Date when the ~xjsling Interest Rate was so reduced, from the date each such Excess Payment was m.de by Mortgagor 10 repayment. or (2) request that all or any portion of such Excess Payments. tog~ther ~lttl all Interest thereon calculated as provided above, be applied .IS paym~nts agalnst prlnclpal. 5. Nothing contained in this Adjustable Rate Rider will permit Mortgagee to .ccumplish an interest rate adjustment through an increase (or decrease) to the un- ?old principal balance. Changes to the Existing Interest Rate may only be reflected through adjustment to Mortgagor's monthly installment payments of principal and in- terest, as provided for herein. BY SIGNING BELO~, Mortgagor accepts and agrees to the terms and covenants t.,ned In th.s Adjustable Rate Rider. con- ./l. \ \ 4e-,~U LC ~lA4"'(~ -'./1 ortgagor Ronald ~. Schroeder I 1 / ><{l......l^{l,)~ i' \C;tkll,<~(,-i Mortgagor Kath een M. Schroe er (Seal) (Seal)