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200108250 <br />5. VMRCISING M COMMONAL MODMCA 'nON AND EXTENSION ornON <br />The Note Folder will notify me at kast 60 calendar days in advance of the Note Maturity Date and advise me of ft <br />principal, aeccved bw unpaid interest, and all other sum I atn expected to owe on the Now Maturity Datc. The Note <br />Holder also will advise Inc that I may exercise the Conditional Modificstioon and Extension Option if rite conditions in <br />Section 2 above are rust. The Note Holder will provide my payment teeord irtfotmation, together with the name, title and <br />address of the person representing the Note Holder that I mm notify in order to exercise the Conditional Modification and <br />Extension Option. If I in= the conditions of Section 2 above, I may exercise the Conditional Modification and Extcrmon <br />Option by notifying the Note Holder no earlier than 60 calendar days and no later than 45 calendar days prior to the Note <br />Maturity Date. The Note Holder will calculm tt,o £xed Modified Note Rate based upon the Fcdo-sl Home Loam Mortgage <br />Cotpotation's applicable published requitod net yield in effect on the date sad time of day notification is received by the <br />Nome Holder and as caluWated in Section. 3 above. I will them have 30 calendar dr s to provide the Notc Holder with <br />ac"Imablc proof of my mVired ownership, occupancy and propatty lien Status. Before the Note Maturity Date the Note <br />Holder will advise mo of the new irderest rate (the Modified Note Rate), new mouthlyy payment amount and a date, time <br />and place at which I must appear to sign any dig ro4uircd to convlem the roquired Note Rate modification and Now <br />Maturity Date extension. I understand the Notc Holder will charge me a 5250 processing fcc and the costs associated with <br />the exerciac of the Conditional Modification and Extcruion Option, including but not limited to the oost of updating the title <br />instuarux policy. <br />BY SIGNING BELOW, BORROWER accepts and agrees to the terms and covenants eontaincd in this Balloon Ridcr. <br />(Seal) <br />- Borrower <br />JSW7 Original Oyh5'] <br />MIXTISTAn.. t3ALLOON Rm1ZR (MadMndom and POWA[)—t recidie Mu UNTPORTq OSTRUMP.NT Forni 3190 IN] (pale d of 2 pVe3) <br />