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1 K3 901" 1 0-:1-M 5111 , NOTIM THE SWURITY INVIRUMENT SECURES A N= WHICH CON, TAIM A PROVISKIN ALLOWING FOR CUANG98 IN TIM INTMW RATIR. 114C IN THE IMMIM iRATI1 WILL R881ULT IN HIGHIM PAYURNT& DWRVASM IN THE INTMW RATE MAY RIXIULT IN LOWER PAYM (1) Rate Change Dates and Frequency Thereof: Beginning in 19$@._._, the rate of interest I must pay may chow in the day of the month__—O-Qr _._____- -(Month After Closing Month), and on that day every 12 months thereafter. Each date on which the rate of interest could change is called a "Rate Change Date.,, 0 The Index: Any changes in the rate of interest will be based on an Index. The "Index" isXX the Monthly Average Yield on United States Treasury securities adjusted to a constant maturity of _ 6 months year ___a years _ . __..:5 years as made available by the Federal Reserve Board, or -D the Na- tional Monthly Median Cost of Funds (annualized) to FSLIC Insured Savings and Loan Associations, as made available by the Federal Home Loan Bank Board. (Check only one box.) The first Index figure for this Note is-3-00%. It is called the "Original Index." The most recently available Index figure as of 48 days before each Rate change is called the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Hokter will give me notice of this choice. (3) Calculates of Changes: Before each Change Date, the Note Holder will determine any change in my rate of interest. The Note Holier will calculate my new interest rate by adding _ 2 percentage points (__2_%) to the Current Index and rounding the result to the nearest one - eighth of one percentage Point 10.125 %). This rounded amount will be the new rate of interest I am required to pay. The maximum interest rate I will be required to pay on this loan will be no more than 13 %. The minimum interest rate I wiil be required to pay on this loan will be no less than __8____°10. The Note Holder will then determine the new amount of my monthly payment which would be sufficient to spay the outstanding principal balance in full on the maturity date at my new rate of interest in substantially equal payments. The result of this calculation is called the "Full Payment" and will be the new amount of my monthly payment. [] PROVISION AI4) applicable only if this box is checked. (4) Limit as Interest Rate Increases: The rate of interest I am required to pay shall never be increased or decreased on any single Rate Change Date by more than from the rate of interest I have been paying. (5) Effective Date of : The new rate of interest will become effective on each Rate Change Date. I will pay the new amount of my monthly payment each month beginning on the first monthly payment date after the Rate Change Date until the amount of my monthly payment is again changed, or I have fully repaid the loan. 0 : The Note Holder will mail or deliver to me a notice of any changes before each Rate Change Date. The Notice will advise me of the new interest rate on my loan, the amount of my now monthly payments. and any additional matters which the Note Holder is required to disclose. 'i:7 Provisions AI71. AW, AM, and A110) applicable only if this box is checked, M 's RightTe Limit Monthly Payment: Unison Sections A(9) and A001 below will not permit me to do so, I may choose to limit the amount of my new monthly payment following a hate Change Date to the amount I have been paying multiplied by the number 1,076. This amount is called the "Limited Payment," If I choose a Limited Payment as my monthly Payment, I must give the Note Holder notice that 1 am doing so at. ham 15 days before my first new monthly payment is due.