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<br /> (C)Cwlculation ot Interes�Rwte Clumgcs
<br /> B�fore each Changa��to, Lendes will calculato a rtrw intcrest rate by addiag u margin uf �
<br /> Tr.o r�n 9�tl�?-BI�HTH9 �:ercenu�;e poinc{e?( a•Q�s �6)to _
<br /> the Current Index nnd rounding the eum to tho nearest onc-cfghth of onc p�rcentage point(0.125%).Subjeet to =
<br /> the limica stated I�puragrapfi(D)of this Rldor,thla rounded aniount will be the new intei�est r�[e untA thc next
<br /> Change Date.
<br /> . (D)Llmlts on Iuterest Rnto Chan�es�
<br /> 1'he exiating intcrest rato will never inccease ot dccreaac by more than one percentage point(1.0%)on
<br /> any single Change Date. The interest rate will never bc morc than five perantage points (5.0�) higher or
<br /> luwer than the initial intaresc rato,as statcd In Parageaph 2 of the Note.
<br /> . (E)Caleuledon of I'Aym�nt Change
<br /> If the interest rate chaages on a Change Dxte� I,endor will calcul�tte the smount of monthly payment of
<br /> , principal Qnd interest whi�ch would be neceseary to repay the unpaid prlaclpal balanca in full at the Maturiry
<br /> Date at tha naw intereat ratc through substantlally equ�l paymcnte. In m�lcing auch calculation,Lencier will usc
<br /> the unpaid principal balance which wauld bo owed on thc Ch�nga Dato if thero Gad been no default in payment
<br /> on the Note�raluc�t!by tho amouat of any grepAyments to princlp�l. 'fha reault of this calculation will be We
<br /> _ amount of the new monthly payment of princtpal and tntenst.
<br /> (Fj Notice ot Chan�ea
<br /> Lendsr witl give notia to Aarrower of any change ln the intercst rata and monthly payment amount.The
<br /> notice must be given at leaat 25 daye bcforc tho ucw monthly payment amount ls duo,and muat set fonh(i)the
<br /> date of thc notice, (ii) the Change Due� (iif) the old Intsrett rue, (iv) the ncw intereat rate. (v) the new
<br /> monthly payment anwunt, (vi)the Gl�mnt Indea and the d�ro it wu publltitc�d,(vii)thc roett�od of calculating
<br /> • the change in monthly p�yr.�ent unaunt,and(vlli) any other infornuuion whtch auy be rcquiral by law fro�u
<br /> time to dme.
<br /> (G)Eifect(ve Date ot Chan�ee
<br /> � A n�w taterest rate calculated in accardaace with paragr�pha (C) pnd (D)of thls Rid:.r will become
<br /> ." effectivc on the Changc Date. Eorcowee ah�ll makc a puymrnt in Ihe naw monthly uiwuat begtnning on the
<br /> ' first paymenc data wh�ch occure at le�st 25 daya �fter Lender hw glven Borrower tho notice of changes
<br /> ' required by puagraph(P)of thie Ridet. Bnrrower ahdl h�vo no ablig�tlon to p�y my incroaie fln tue aionthly
<br /> payment amount calculated in accordance wdth peragrapfl(B)of thte Rlder far u►y ptymrnt due occurdng less
<br /> than 25 daye after Lendcr haa given the nquired netice. It tho monthly p�►yrn�nt amouat calculated in
<br /> r AccoMance with par.agras►h(E)af thia Rlder dxreaaed, but Lender failod to givo timely notice of the decrcase
<br /> and Borrowcr made any monthly oaymont amounta exceedln�the payment amottnt which should hAVt been
<br /> stated in a Hmely notice, then Borrowcr hes the optlon to either(i) demu�d tho retum to Barrowar of any
<br /> � exass pqyment.with Interest tho:eon et the Note rate(a rate equ�l to tho intemt r�te whlch ehould have been
<br /> . stated in a timely notice). or(ii)reque�t thnt any exoess paymeat, with intemt theraon at the Not�rate, be
<br /> , applied a+payment of princlpal.Lendcr's obligAtion to retum w�y exaie payment wtth IntGreat on demand ie
<br /> not assignable even if the Note is othenviso asaigned beforo the demand for rctum b m�da.
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