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<br /> .t� � o.��� , to U�e limiu wted ia Sectloa 4(D3��,�i•�ou�x3ed.mouuc w�n�e�y pew�n�e�e
<br /> Pc�( , ) S�
<br /> n�e rsh)tM ae�tt Cdnte Qate. roent tUat would be afficiant w repaY
<br /> � T�I�Iw�Ho{d�r will iP�m delermfne the aowunt of tbe montWy p�y Y
<br /> �e�p�W p�iscip�l th�c I�rn expeaea w owe�!tbe cb.n�e n.w in fu�l on tbe Maturity Date at my new inta�at
<br /> rste ia w�b�taetlaAy n9� M9�eots. '[l�e realt of thi� c�lculRtioa will be tde eww amouat of my mootI�llp �.
<br /> P�►]'�• �._
<br /> N)I.�du oa L�ta+ect 1Gte Cl�cs --
<br /> 'l1w Wa�at rnts I�nequired to py at tbe first C6�n�e Date witl not be�roater tlun 9.3750 � _
<br /> or leY th�c 5.37�0 !b.Tl�eraRer�wY�lwt+ble inta+ed cuo wiU never be incre�sed or dacraeed
<br /> an�y pyle C6w�e D�ta� 6y mora ihiw two percent�e Point� (Z.a9i) from t6e rate of interost I luve been
<br /> .�; for t6e 12 aw�tiv.A�! intaaK nte wilt never be�ceacer thm 12.3750 �.
<br /> whic�u ca�1lod t�bo�'P Fp�uim�m Itate." Y =
<br /> (�)FJYeeti�e Di►te af Chu�e �-
<br />_ � 1►[y a�w i�tetat n�+will beoome ef�'ectiva�i date�after tLe��D��oa!the amount�of my 000nthly -
<br /> . PiY�bK�=aa tbo flr�t wontblY P�Y �,::�'
<br /> ' , P�7����• k:
<br /> ' . (F)IVotioe of Clwn� ��
<br /> . . T!a Nate Ho{der will delivet or amil w me a notice of tt�o chsn�e ia my initid fu�ed interost rate to+m �
<br /> ��;%; ' . �J�b1�iMer�t ttte�nd of wy chaoRes in my�djrastabla intet+eat rste before tho aff'xtive d�te of any ch�n�e. _
<br />_�:. • .�• T6�wtia wiU iaclude tLe�roouat of my montlilY P�Y��+�ny informatiaa reqaired by 1aw w be�iven me�od
<br />- ... also tbe taiepiwoe aumber of�penon who wiU anawer�ny queshon I may tuve reguding the notice. -.
<br />=;-.`�;,;':` B,. F17�D IIVTF•REST RATE OPTION
<br /> ' Tre Naee�ro'vWa for ihe Borrower's aption to convert frara w adjust�ble interost rac$with interest nUe
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<br /> nnw wiwa..i'.�...
<br />���'�:,,, , +�, F7XEp WY'gRFST RATE COIYVFRS'ION OPI'ION
<br />�`'' `�'' (A)pt�tioa to Coa�at to Fixed R�tc
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<br /> -- ,::�:(:.. t6as 1 can exmi�e ualaw I�m in dafault or tl�ia Sectiaa 5(A)wiU not permit me
<br />--�:°-:a,�:�:� I Ww�Caww�ioa Option b this Note
<br /> -_..,.,• b do �o.'11wi'Co�ver�ioa Opt'soa' i�my optiaa to canvat the interost nte I an roquired to P�Y Y
<br /> '�''°'.�},�•:•� fe�a����M n�e witY iMe��at�s�e l�mita w the fuced nte cak,wlated uader Sectiao S(9)balow.
<br /> —°"�.�:� 'i'i�oo�vn�sio� aw oaly t�ke plu:e on the fint. sacoad a third Chaa�e Date. F.�ch +Clun�o Date oa
<br /> �-�a�.�.�� w�Ick �y iM«wt nAe caw cavat fmn�n ac�jwtable wte to a fixed rate ilao is c�lled tba 'Convenion Date."
<br />�°,�_;.;•_� I a�cow��et��iWte�+rt t�fe ad7 ar oae ot ti�e ttinee Coa�enio+i Datts.
<br /> •':,� I!I w�ot b oxacd�e tM Canveo:on Optioa�I aw�fint meet certaiu cooditiwis.'Yriooe conditiosu�re d�at:
<br />- �-""',--.u� (�)I m�M ipve 1W Note Holder aotica thst I want to do w:(ii)on tha Converciao Date.I must aoc be in defiult
<br /> : .,:.�..' . �der dw NaM at tb Sec�uity Idtrumeoti (uii) by •dsta opecified by the Note HoWer� I mu�t p�y dia Note
<br /> -tl�°'"� �;olier�oo�wr�io�fo�of U.3. S 250.00 ;aod(iv) I muit sira�nd �ive tLe P1ote Ho�da my
<br /> �.,.-,�_— docy�w�lir�NoM NoWer requi►a W ef�ect the cmvenioa.
<br /> -- °-�-� (�Ca1cWMio�a�t I+�x�d R�Ie
<br /> ---__:-= M ww�fi�c�d iote�+s�t rw�e will be eqwJ w tbe Fabal Natlaoal Mort�a=e Aswciatioo's required net yie{d
<br />�_:�,«� . �s ot��M/Ww of dsy ipecified by eJyo Note Hdder for(i)if tbe oti=iod te�m of tbu Note 3s�ta tb�u 15
<br /> �n. 30�yar fi:ed rMe RrR mo�t��a ooveced by Rpplicable GO-ci�y mmd�ta7 ddiaecY comu►itmeob. plus
<br />-=�''�'� faw+iSWs ot ws p�roeMqe Poi�nt (0.6Z59i)� wuoded W We aearat ooe-eighth of ate Pa'ca�Wa Poio�
<br /> � =����`� (0.125�),ot(ii)if f�ir orisiod tena ot Wi�Note is 15 yaas or leea� 13-yar Rxed rste fir�t moctpsas ao�►ered by
<br /> t 0 62596)�raueded
<br /> --- �pplb�bM 60d�y w�WorY dalivery con�mitmeote.plw fivaa�6ths of ooe percent�e Poio ( •
<br /> _..--� �o IYe wwwl we�ei� ot one peroents�e Point (0.1259f). Yf this required aet yield caaoot be detetaoined
<br /> ��°�� wc�w tw�pplk�bi�oommitmats�ro aot�valaWe�the Note Holder will dotermins my intera�t rate by wia�
<br /> ---=�`� op�p�r�W i�to�Mloa, I►[y eaw rate calculated ua�er tl�is Sxtion S(B)will not be�rater than t6e Max�mum
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<br /> --�:�=_:�� �N�I�d i�Srot3o�4N)abw+e. -
<br /> Y (Cl N�i�rmMt Anwuot wd F![a�i�e Date
<br /> s'�r��� if I cioor b e�urciM tbe Cosve�nion Optioo� t6e Nato Holder will deterotine the amount of the moothly _
<br />�,�,::"r'�� p�y�t trM w�oYld 6�w�fficient w rqpay the uopaid princip�l I�m espated to owo on the Conve�aiar Date in _Y
<br />�m`� '� •�' [aY ai IM bt�lurity D�te �t o�y aew fiaed intae�t nte ia acbstantially e4� P�Ymects. 'Ibe rosult of this _.
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