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Home My WebLink About0972 . - • onlg chooae.to have oy paqoent ad3uHted in accordance With 3ection 5(A) or aalce the Full Pay~neat Mwuat. The Hote Holder vill notify aie as provided in Sectioa 6 below, thirty (30) to forty-five ~45) dsqs prior to eac6 of the anniverssriea of the date ~y firat eaathly pay~eat is due and Will infor~ we that I have the optioas set fortD in this Section S, sub3ect; bowever, to the liaitation~ i~posed by Section 6(I). I~ust notify the Note Holder of ~y election prior to the ti~e that the first oonthly paymeat is due after the respective amiversary date. If I do not choose fro~ the options I have under this Section S(B) prior to sy first two aaniversary dates, I will rate the pay~ents ~ provided for in S(A). If I do not choose either the psy~ent ad3ustaent provided for in S(A) or the Full Paq~ent A~wunt prior to the third and. eac6 subsequent anniversary daLe uatil the tweaty-ninth anaiversary : date, I will make payseats of the Full Paqaeat Asount. 6. CHANGES IN HY UNPAID PRINCIPAL BAI.ANCB . ~ _ (A) Additions to My Unpaid Principal Balance _ ~ Each of ~y awnthly pay~ents could be less than the aaouat of tbie _ interest portion of a monthly pay.eat which then Would be sufficieat to repay my unpaid principal balance ia full oa the-saturity date at aiy ~ current rate of interest in substantially equal pay~ents. If so, each aonth that the a~ouat of oy oonthly payrent is less than the interest portioa, the Note Holder will subtract the aaount of ny ~onthly paqneat fro~ the interest portion aad will add the diffeience to ~oy uapaid principal balance. The Note Holder will also add interest oa the interest added to principal will be the rate required by Section 2 above. . (B) Reductions in !!y Unpaid Principal Balance . Pfy ~onthly payoent could be greater than the amount of a noathly payment which then would be sufficieat to repay nry unpaid principal balance ia full on the maturity date at ~q curreat rate of interest in substantially equal paye~ents. If so, the Note Holder will subtract the difference f~o~ the unpaid balance of ~y loan each ~oath uatil the,aeact Interest Change _Date as if I had sade a partial prepayeent uader ~ Sectioa 8 [of the Note]. (C) Limit on My_Unpaid Principal Balance; requirted FuI1 Paym~at ~ Amount ~ Iiy unpaid principal balance can never exceed a maximus amount . ~ . equal to one hundred twenty-five percent (125~) of the principal aoouat I originally borroWed. If ~y payiag the amount of ay sonthly pay~ent calculated under Sectioa-5 above after any Interest Change Date would cause ~y unpaid principal balance to exceed that maximus s0ouat at any ~ I time, I will iastead pay the Full Payeent Asouat as ary soathly paysent until the next P~yment Change Date. - 7. NOTICE OF CNANGES - l The Note Holder will oail or deliver to me a notice of any changes in the Full Paysent Amount and sy monthly paqment before the effective date of any~change. The notice will include information required by la~ to be givea ae and also the title and telephone nuaber of a persoa Who will ansWer aay question I may have regarding the notice. B. INCREASES IN UNPAID PRINCIPAL BALANCB TO B8 SECURED. ~ Borrower aad Lender recognize that because of the operation aad effect of the provisions of Sectioas 2, 5 snd 6 of the Note as set forth in Section A of this Rider (the "Interest Capitalization ~ Provisions"), the unpaid prfacipal balance of the loan evideaced by the t Note may eaceed the original indebtedaess of $50,000 referred to oa page one of the Security Instru~ent. Borrower and Lender agree t6at this Security Instrw~eat is givea not onlq to secure the paq~eent of.the original indebtedness evideaced by the Note arid the other satters reerred- to on page one of the Security Iastruaent, but slso to~secure ~ any increases in such principal balaace arising by the effect of the (FL) F'LEX RIDER Page 3 of 6 ~~5 p~6E ~1 ! _