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~C) Calculation oP Cha~gea 8nd Rate Ceiling
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Hefore each Change Date, the Note Holder Will calculate my
neW interest rate by addin9 ~10 AND THREE-QUARTERS peTCQnta~e
points ( 2-'.-5y~) to the Current Index. The sum will bQ my neW
i n t e r e s t ra t e. The interest rate will never exceed 15. 25x ~
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The Note~Holder Will then dQtermine the amount of the monthly
payment that would be sufficient to repay in full the principal I
am expected to oWe on the Chan9e. Date i~ substantially equal
payments by the maturity date at my neW interest rate. The
result of this calculation Will be the neW amount of my monthly -
p ay men t. The rate will be rounded off to the next highest one-eighth (1/8th) of
one percent, if necessary. _
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(D) Effective Date of Changes
My new interest rate tuill become effective on each Change
Date. I will pay t he amount oP my neW monthly payment beginning
; on the first monthly paymen~ dete a~ter the Chan9e Dat~ until the
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~ amount of my. montihl~'payment ctian~QS a9ain. -
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~ (E) Notice o~ Chan9es -
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The Note~Holder Will mail or~deliver to me a notice before -
each Chanye Date. The notice Will advise me o4:
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