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<br /> j (q lataw!-Oaly Perlod. '['he"intenst�only parlod" ie the period from the date of thi�Note uuough December 31, '
<br /> . _-�.;��_ 2006. Por the intere3t-0Ny perlad, efter calculeNng my new interest rata w pmvided above,the Note Holder will then : __
<br /> •�- � - determine tho iunount of the monthly payment that would be sufficIent to pay the interest which accrues on the unpald
<br /> �''� pdnclpal of my loan. The tesult of thla calculadon wiU be the aew amount of my manthly payment.
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<br /> • (ii)Amortizotloa Period. The'amoni�ation pedod'is the pertod after the interest-only perlod. For thc amortL•atior. - �
<br /> period.after calculadng my new interest rate aa provlded above,tho Note Holder will then deter�aine the amount of Wo •y "
<br /> ti�; monthly payment that would be sufficient to repay the unpaid principal that I am eapected to owe at the Change Date ia � �-�j�
<br /> 1 ti�ll on the�aturlty date at my new intenst rate in substantially equal payments. The nsult of Wls calculatioa wiU be �'���*�•
<br /> . '�1 the new ram�unt of my monthiy payment. ' ���'�
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<br /> ,� (D) Llmit oo Interest Rate Changes �`
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<br /> My interest rate will nover be greater than 13.259b. �•�_`= -
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<br /> - (E) Ef[ict[ve Date ot Ch�nges - `
<br /> My new Inttrest rate will become effective fln eacb Change Date. I wlll pay the amoi�nt of e:y aew monthly payment =
<br /> , • a beginning on t6c flrst monthly p�yment date aR�r the Chauge Dau untll the amount of my moAthly payment changes again. -'�
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<br /> v : (E) Notke ot Changes ���:.�
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<br />'_ � :�,� �NL`�.�K^�5`l�l�Z����liytf^L!2L°��S4!�E 22�J�4f E.R�t� nnas�c en m��a�ct tat'°v�i I�n?r�^ng!i�f P.2��L�t�� °`
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<br /> � :`���;. . ;��,' Qayment before the effe�dve date of any changa. The noticc will includa inforwation rcquired by law to be g€ven me and r_
<br />'���`�'���'�`�'� ' f; ilso the tide aad te1 hone numbea of a rson who will answer an uestions I finve n in the noNa. °-
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<br /> `,�'"'�+�;'(If<'�'r��''°�•�� 5. INDEX CONVEItSION OPTION
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<br /> -•-��°��=+���s�;' I have an Index Coneerslon OFiion that I can exerciu unless I am in d�fault or tWs Socdon 5 will not permit me to do
<br /> �� �-- so. '!hc'I6��7C C�OIIYGTu�ad Q[1�0A�is my opqon to conv�rt!hs IIadca and m�r�ia to a new indsa en�m?sgin 3n accordancc =
<br />.;?�"'� � wIth the urm�of Sectton 5(A)below. -
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<br /> -`�`"�� 1be Ind�a Convarsion Opdoa can only be exercised during the tw�nty�onc (21) day interval beginning with the _
<br /> -__��._.�_ . forty-fifth d�y immediu�ly prior to my twelfth(12th)Change Date aud continuing until and including the twe�ty-fifih day _
<br /> ---_ _— prior to my iwelfth(12th)Change Date and for each ickat�cal twenty-one(21)day iaterval occurring each six(6)month
<br /> -_ — anaiversuy thereafter until wd including ths inte:val beginning forty-five(45)days b�for�my siadotb(60th)ChangC Due. I
<br />_ ��a� !� may ezerciae the Index Conversion Option c�niy one time. I can excmise the Indes Conversion�pdon by norifying thc
<br /> .n"—*�'�"� Lender of wy election to change Ind3ces no later than t3x a�vtnty-5fth(25th) day prior to the neat Change Date. My new �---
<br /> ;�;;-�"�g� index antl margin after the converaion will be effective on t'he In.dea Converaion Dau. The'Index Converston Date"is the �
<br /> __:T--�� aext Change D�te fallowing my tim�ly notification to the L.tnder t�at I am eacrcising SLe Indcx Couvereion Optimn. ___=�:
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