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<br /> S. FU�D 1NTEItEST RATE CONVERSION OPTION ��� f 0909/
<br /> (A)Optlon to Convat to Pixed Rate
<br /> I tutve �Com+ersion Opdon that I catn exerclse weless I ara in defAUlt or thts Secdon S(A)wUl not
<br /> � pemilt me W do so.The"Coaversion Opdon'Is my option to coavert the iaterest rste I wn raluind W pay
<br /> by thts Nate fmm xn adjustable rate wlth interest rau lim[ts to the fixed rate calculated under Sxdon S(B)
<br /> below.
<br /> 'Y'he conversrioa can ouly Wco pl�ce on a dxte(s) speci8ed by the Note Holder during the period
<br /> beginn�ng oa the fust CLange Date and encUng on the fifth Change Date. Bach date on whi�h my
<br /> � a�ble inter�t nte aui comert to the n�:w fixod nte is c�llal the"Converdon Date."
<br /> If I want to exercise the Conversion Opdon,I must first mat att�in can�fidons.Those con�litions an
<br /> `, ttu�t:(i)Y must glva We Nooe Holder nodce tl�t I want tn do so;(iI)on the Comersion D�te,I must aot be
<br /> in defxult under the Note or the Secuniry Insuumeat; (iii)by x date spxlfiai by the Note Holder, I must
<br /> pay the Note Holder x convcrstoa f�of U.S.S .0 0 ;usd(Iv)I muut sIgn and give
<br /> � tlss Note Holder uiy dceumente the Note Holder raluires to effect the com►ersion.
<br /> (B)Calwl�tton o[Fixed Rate
<br /> Mv new,fized Intersst rate will be equal to the Falerwl NAdoiwl Mortg+�ge Assoc3adon's roquired t�et
<br /> yield as of a date and dme of diy speclfied by the Note Holder for(i)if the o�iginat teim of tlile Nate ie
<br /> � greater thxn 15 yeus� 30-yau fi�ced rxte mortgages covered by applicable 60dsy maadatory cklivery
<br /> commitmente�Plus five-sIghtLs of one penentage point(0.625;�). roanded to the murst one�elghth of
<br /> ; one peraatsge polnt(0.125;6),or(li)If the orlginAl term of this Note ls IS yars or less, 13-year 8�ced
<br /> rnte mortgaga covend by spplicable 60ilay maudatory delivery commttments,plus five-eighths of one
<br /> ; pement�e point(0.62396)� rouacled co the narest o��ighth of o�percentage point(0.125%). If this
<br /> �i requtred net yleld cannot be determined becwse ttu applicable commimients ace aot�vaI4ble. the Note
<br /> 't Holder wlll detacmine my intezat rate by using comp�rable informtdon.My new nu cAlcultud iuxkr thia
<br /> .� Sacdon 5(B)will not be greater than the MAximum Rate sutal in Secdon 4(D)a6ovc.
<br /> (C)New Payutiait Amoimt and Etl'xthe Data
<br /> �� If I choose to exercise tLe Conversion Opdon, the Note Holder will detean�ne the tmount of the
<br /> montlilY psymant tlwt would be suf6cient ro rcpay the unpatd princIpxl I�m expectod to owe on d�e
<br /> • Converston Dtte In fWi on the Maturity Dau u my new�xed interest rate In subcaad�lly equal p�ymenta.
<br /> . 'The nsilt of this calculadon wUl be the new amount of my monWly psymezu.Beglnaing wIth my first
<br /> montWy payment after the Conversion Dau.I wlll pay t6e new amount as my monthly pnyment uudl the
<br /> ; M�turity Dste.
<br /> C. TRANSFER OF Ti�PROPERTY OR A BENEF[CIAI.IIVTEREST IN BORROWLR
<br /> 1. Untjl Borrower eaercises the Conversion Opdon w�der tLe condidoas sqtted in Secdan B of this
<br /> • Adjustable Rau Ittder.Unifo:m Crnen�nt 17 of the SaurIry Iastrument is amanded to nad ss fullows:
<br /> Iddat.:KOk �uK
<br /> �o-846U(97051 Pags 3 of 6 Fatm�11L 1f88
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