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<br />�?�°• � � S. FIXf3D II�ITEREST RATE CONVERSION OPTION �'-
<br />�} ,� � `; (A)(�tion to Convert to Fized Rate �.
<br />;�r . 1 liave a Converston Opdon d�at I can exercise unless 1 am in default or thjs Secdon 5(A) wiU not __
<br /> �'"�' pemilt me to do sa,Tl�e'�onversion Qpdun'is my oprion w convcrt tUe intenst rate I am�aluired to pay `-'=
<br /> ,;.,�;;.�.,� �, by thls Note from w adjustable rate with interest cate limits ro the fixed race calculated under Sectian 5(B) ��
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<br /> � ' T6e conversion c;an only take place on a date{s) spxtfied by tbe Note Holder during the period =
<br />�':�ti;,�f� begictni�og on the 6rst Change Dzte aud ending on tLe fiflh Churge Date. �ach date on which my
<br /> ' �:�� adjustable inucest nce can coavert to the new fixed race is called tlie'Caav�xsion Date." —
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<br />�;'-:,,,7,. If I want to exercise tUe Conversioa Opaott, 1 mast first meet anain condidoas. Those condiaoas an
<br /> -':�-_Y'•"• tbxt:(i)I mustgive theNote Halder notice thxt I want to do so;(u)on tho Conversion Dau,1 raust aot be
<br />"'-•�`� in default e�nder tlne Nae or the Secutity Instiument; (iii)by a date spocified by the Note Holder. I must
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<br />�:�.rt�>:L • pay tlle Notc Holder a wnversion fee of U.S.t •�0 ;ancl f v)I must s3gn and give
<br />��i�;,; the Note Holder any dacuments the Note Holder requires to effect the conversion.
<br />----_.=-�-=� B)Calcdadon o[F1xed Wte
<br />—_:.�-� Iuiy t�ew,fiacd interest rau wUl be equal to the Fedetal Nadonal Mortgage Associacioa's requirat nei
<br /> ---°=�`=� yield as of a d�te uxl dme af day spxified by the Note Holder for(i) if the origlnAl tezm of this Note is
<br /> ��r� g�ter than 15 yeus,30-year fixcd rate mortgages cuvered by applicable 60�day manclatory dellvery
<br /> cornmim�ents,Plu9 five�eighths of one percentage point(0.625 R+), rouaded to the ir,arest onx-eighth of
<br />����� one perccntage point (0,125%). or(ii)if the arigiml teim of this Note is 15 years or less, 15-year 8xed
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<br /> :-h'.'a��■ cate mortgaSa covered bY aPPlicable 50�day man�l�tory delivery commitments, Plus five-eightl�s of onc
<br /> - _��T.� , peranqge point (0.6Z596),rounded ro the nearest one-eighth of aue percenrage point (0.125�)• If thls _
<br /> _ _ required net yleld canrot be detem4ined because the xpPlicable �onunitments are not available, the Note
<br /> y=.�es Holder wIll ddermine my interest rate by using compni'able informAdon.My new r�te calculated under this
<br /> —�"'°� Secaon 5(B)will aoc be gnuer�n the Maximum Rate scuced in Sxaon 4(D)Above.
<br /> -- __ � (C)NcYr Pa�me�t Aawunt tnd EEfective Date
<br /> -- If I choose w �aeccis�e the Canversion Opdoa, the Note Halder will detecmine the amount of the
<br /> � monthly payment that would be sufficieat to repay the unpaid principil I�n expecta! to owe on the
<br /> - • Conversion Due in full on the Maturlry Date Yt my new fixed interest rrue in sub.�ntlally equal payments.
<br /> - --— The result of this calculatiou will be the new amaont of my raontLlY ptyment. Beglnning with my fitst
<br /> — monthly paymeat�fter the Convorsion Date, I will pay thc�w amounc es mY montl►tY P+Y�� � �
<br /> _ ' � . M�tu�ity Date.
<br /> � C. TItANSFER OF THE PROPERTY OR A BENEFICIAL IIVTEREST IN BORROWER
<br /> _- = 1. Until Borrower eaerctses the Convecsion Opdon under the condidoas statod in Sccaon B of thts
<br /> Adjustxbl�R�te Rider,Unifoim Covenant 17 of tho Sxuriry Instn�ment is amended w cead as follows:
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<br />-=W.�:i*w� �-646U (97051 Page 3 of 6 Form 3110 1f89 �
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