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Each Loan would "re-set" the Interest Rate every 3, 36, 60, 84 or 120 months based on the original "fixed rate" term. The new interest rate would be calculated using the same index (see above) and the original Bank Margin ("mark-up") as the initial period. If the underlying index increases, the new rate (and payment) would be higher.
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On Tuesday afternoon at Fremont Golf Club, Mayor Scott Getzschman spent around. where until the new businesses are up and running and actually have a balance sheet and are actually producing before.
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