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<br />200510368 <br /> <br />(B) The Index <br />Beginning with the first Change Date. my interest rate will be based on an Index. The "Index" is the <br />weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year(s), as <br />made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days <br />before each Change Date is called the "Current Index." <br /> <br />If the Index is no longer available. the Note Holder will choose a new index which is based upon <br />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 />TWO AND THREE - QUARTERS percentage points <br />( 2.750 %) to the Current Index. The Note Holder will then round the result of this <br />addition to the nearest one-eighth of one percentage point (0.125 %). Subject to the limits stated in Section <br />4(D) below, this rounded amount will be my new interest rate until the next Change Date. <br /> <br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to <br />repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my <br />new interest rate in substantially equal payments. The result of this calculation will be the new amount of <br />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 />7 . 875 % or less than 3 . 875 %. Thereafter, my interest rate will <br />never be increased or decreased on any single Change Date by more than TWO percentage <br />points ( 2 . 000 %) from the rate of interest I have been paying for the preceding 12 months. <br />My interest rate will never be greater than 11.875 %. <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 <br />my monthly payment changes again. <br /> <br />Initials:-rJ ~ <br /> <br />.-822R (0008) <br />~ <br /> <br />Page 2 of 4 <br /> <br />Form 3111 1/01 <br />