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„ � �41�U8323 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of , and on that day every 12th month thereafter. �ach date on which my interest rate could change is called a "Change Date.” (B) The Index Beginning with the first Chaaage Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of one yeaa as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index." If the Index is no longer available, the Note Holder will choose a new index that is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding percentage points ( O.OUO °/a) to the Current Index. The Note Holder will then round the result of this addition to the nearest ona-�ighth of one percentage point (0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder witl then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation wi11 be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 3.875 % ar less than 3.875 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by mare than two percentage points (2.0%) from the rate of interest 1 have been paying For the preceding 12 months. My interest rate will never be greater than 0.000 %. (E) �ffective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Notice o1' Changes The Note Holder will deliver or rnail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required by law to be given to me and also the title and telephone number of a person who will answer any question I may have regarding the notice. B. TRANSFER OF THE PRQPERTY OR A BENEFICIAL [NTER�ST iN BORROWER Section 18 of the Security Instrument is amended to read as follows: Transfer of" the Property or a Seneticial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or bene�cial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. MULTISTATE ADJU37ABL� RATE RIDER- ARM 5-2 - Single Family - FNMA/FHLMC Uniform Instrument Form 3111 1/01 Laser Forms Inc. (800) 446-3555 LFI #FNMA3111 1101 Page 2 of 3 Initials: �