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<br /> Maturity Date.and that I will hav�to npay th�Note from my own nsou�s or find a lcnder
<br /> willing to lend me the nAOney to repay the Nou.
<br /> 2.CONDITIONS TO OPTION �on at naaturity� aenain coadidons
<br /> if I want to cxtrcise the Conditional Refinancing Up�
<br /> must be met as of the Maturiry Date. These cond.itions arc: tl)I tr��ust still be t1�e o��'�d �� �
<br /> �ccupant of the Pmperty subjoct to the Socuriry Inswment (th� "PropatY")� (2) I must be
<br /> current in my monthly payments aad aannot have ban more than 30 dsys late on any of the
<br /> 12 scheduled monthYy paymcnts immodiauly Procoding the Matunty Date; (3)no lien against
<br /> the property(exc��t for taxes and spocisl assessments aot et due and payable)othtr than that
<br />= of the Secun'ltynts abo�ve�the Nou Rau: and 5) I m s�make a writt�n�inqu�st�w the�Nota
<br /> percentage po
<br /> �oldar as provided in Sectlon S below.
<br /> ' 3.CAIfpCUE.ATING THE IV�W NOTE RATE
<br /> - The New Note Rate will be a fixed rate of interest equel to the Federal National Mortgage
<br /> Associadon's rc��ired net yield for 30-year fixed rate �gages�Q�ae.j�„��Kt r��he
<br /> mandatory d�livesy commim�ent,ptus one-hali oi onc pcn:cu���i�"i�• ���,--�--�--- -- - :
<br /> - nearest onc-eighth o£one ntage point(0.12590)(the"New Note Rate )•'I'he naluind n�t
<br /> yield shall bc the applica lc net yield in effxt on thc date ancl dme of d�►Y that the lY°te
<br /> Holder receives nodce of my elecdon to�xercisc the Conditional Refivanclmg Uption. Tf this
<br /> roc�uired net yield is not available, the Note Holder will detemnine the New Notc Rate by
<br /> usu�g comparable information.
<br /> 4.CALCUI.ATING T�iE NEW PAYMENT AMO[JNT
<br /> � Y�rovided the N�ew Note Rau as calculated in Soction 3 above is not greaur thsn 5
<br /> percentage p�ints above the Note Rau and all other coadidoas requirod in Section 2 above are
<br /> satisfied, the Nou Holder will determine the smount of the monthly pay,m�nt thu will bo
<br /> sufficient to repay in full(a)the unpuid principal,plus(b)accmod but w►Pud intxeat,Plus(c)
<br /> all other sums I will owe under the Note and Security Insarumeat on the INuudty Dite
<br /> (assuming my monthly gaymen,ts then are cnrrent, as roquired under Section 2 above)�over
<br /> � the teim of the N�w Note at the N�w Note Rate in equal monthlY PaYmeats•Tbe rewlt of this
<br /> calculation wilY be the amount of my new principal and interest payment every rnonth rantil
<br /> the New Note is fully paid-
<br /> 5.EXERCISINt:T�IE CONDITIONAL REI�'I�IANCING OPI'ION
<br /> The Note Holder will notify me at least 60 calendar days in advance o�the Matua'itY Dau
<br /> and advise me of the principal, accived but unpaid intex+eest,and all other swns I am ex�octod
<br /> to owe on the Maturity Dat�. The �1ote Holder also will advlse me that I may exercise the
<br /> - Conditional Refinancing Opdon if the condiaons in Soction 2 above are met. The Note
<br /> fYolder wili provide my payment racord infnrmadon�together with the name,title aod ad�ess
<br />__ For�i1�0� �
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