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<br /> ' �,t LOan i1: 1731382� �:'�`' � � _ _—
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<br /> . . . ',�•%c��.l,� �.. .��_ i..-.(:_..
<br /> '� � If the Index is no longer availabte. the Note Ho2der aril! choose a new index which is based npon �%�` .
<br /> , �;;�-,s�
<br /> _ '��-' ' comparable information_ The Note Hol�er wiU give me aodce of this choice. � � ____
<br /> . ,�` ;�.'
<br /> .. . _ . - - �`,r:,� ---
<br /> '� (C� CetCU18tI0n OY ChBIIgCs
<br /> , •'• Before each Chauge Date the Note Holder wiU calsutate my new inierest rate by adding Si7i �_�
<br />._ ` Pet�e�►taSe paints ( s.000B�) (ihe 'Margin'7 to the .
<br /> << � � Current Index. The Note Holdcr will thea mund the result of this addiuon to the nearest one�igWh af one ' ��—
<br /> .:'.. ._._,_�': percentage point N.125%). Subject to ihe limIis stated in Secaion 4(D)below,this muaded amouat w�i be my ,•,�``. ��,•�
<br /> �.:�.; new interest rate unrii the neat Change Date. The Inirial Interest Rate set forth in Sectian 2 of this Note Ls not -
<br /> . based on the Index used to make later adj��++�+�,plus the Mazgin,but is established.by the Lender based upon . :.� y���+�
<br /> � existing market conditions. Because the incetest rate in effect during the term of m}►loan caa never be lower • t ��-�.�
<br />. .Y�. —
<br /> •- . t�an►�he Initial Interest Rate,at any Wne that the sum of the Index plus the Margin does not exceed the Itutial ' `���:r:�':
<br /> � _ _ Interest Raze my new interest rase will equal the Iaitial lnterest Rate and will aot be based upon the Index pins . . ; --
<br /> � . , . , �., the Margin. , 's.9.��"
<br /> � Tae Note Holder will then determine the amount of the monthly payment that wouW be suffcient w repay . —
<br /> . the unpaid prinapal t8at I am eapected co owe at tLe C4ange Date ia fiill an the Maturiry Dase at my new •
<br /> :" � ., interest rate in substaniialIY egual Payments. Ttie result of this calculation will ise the new amount of my �-��" _-
<br /> �
<br /> . • monthlY P�S+�nt• �`,: __ --
<br />- - ':� . - (D) Limits on Interest Rate Changes ----—_ -� --
<br /> � The interest rate 1 am required to pay at the first Change Date will not be g�eater than 13.0000 % or • _ �'�`�:-
<br /> -- - - Iess thaa tt.0000 %. Ti�ereafter, mY interest rate w71 never be increased or decreased on any single • � '��
<br /> - . • . - Change Date by more than oNe Percentage point(s) ( t.a0oo 9'0) - �`'";
<br /> T�.-
<br /> � from the rate of iaterest 1 have been paying for the preceding e months. My interesc rate will never .. ,�'�k
<br /> . . . . ��1 begr�aterthaa t7.SOOO %orlessthantt.00ao �. ' : '-'�==
<br /> --- � • �� ' �
<br /> � ' ` � Eff�cfitve Date of Changes •`� .�'�
<br /> ' ,'� My new interest rate will became effective on eazh Change Date. I will pay the amovnt of my new ` . .:��'
<br /> � ' � " monWty payment beginning on the first monttily payment date aftcr the Change Date�nu'1 the amonat of my . �"` - -_
<br /> . , •�t • �.- -.
<br /> , .{ monthly paymeat changes again. -
<br /> .. . .�{ (Fj Nottce of Changes � � ; .;�..�
<br /> , • � � �'��. The Note Holder will deliver ar mail to me a notice of any changes in my interest rate and the amount of - �• � ""
<br /> - � � _ my m�nthty payraeat before the effective date of any change. The notice will Include information mquired by � � •
<br /> . • - ' . '�. !aw to be given me and also the title and telephone number of a person who will answer any question I may have • • , •
<br /> ' '� regarding the notice. . . .
<br /> ' �; rorros000ss�tiuss� . .. . .. '
<br /> �. '` Page 2 of 3 ��zno�> D�8098 •
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