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<br /> TMI9 BALLARR}RIDER 1�m�ds thle 11Rh dsy ot A�n�.._.��. �d b Inaorparatad Into and ehali 6a = _— -
<br /> dwm�d to unend and wpplemmt ttie Mortaay��Deed ot Tnrat o►O�ed� 8eour�Debt(th�'Seoudry IntWr►T6nY)ot M�aarrt�dat�yN�r+ --' �-
<br /> by the underolprted(the•8orrower')to eeaure the 8orto�rer's Nota to e•nn,..■ Qh�w A�nic��a T.�st Com +p,�y a�$uo�rtor r.rrr.,-
<br /> (tho 'Lendery of the aame dde and oove�tn�the praperty deaafbed in the 5ecurtty Inawment �.t�:�'=�_
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<br /> The intereat rate atated on 4Ha Noto!s eailrsd tltA"Ka4b Ratc+.' ?he�to of the Note ts oeted the'Note Qnte.' 1 undersfand ffie Lander �.�Y___
<br /> may transfer tha rtoto, 8eair(ty Inatrument end thls RIdrr. Tho Lender oru�yone who takea the Note,ihe Seourity lnahument�nd thie Rlder =_- _-
<br /> ; by tr�natet end who is�fUdm9 0o tecelve paymemta undeP the Nate ia catled tha'Nots kolde►.' �p.= �
<br /> ' pDQ11T�907�l,L.G�"�CtNANT3. in nddltion to the coeenenln endi agreernente k� tha 9ecurlty InstrumenL BoROwer artd lender �—^�'^_
<br /> , further oovertm�t and eg�as bMowa(desplte anything to the controry �o�aimed in the Sa�urity tnahument or the Note): �:—
<br /> . ' � � 1. COI�6�Ifl�dVd�Ali�Di�ICATION AND EXTEPISION OF LOA9�1 T�RM8 ��r:�_�;:
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<br /> `s At lhe ma'uiity d'ate af the Note end 8eouriry Inskumant (the 'Nota Matudty Date'),t wlli be able to extend the Nate Matu�tiy Oate to �.: �;`p�
<br /> t'�tOQ �oza (d►e'Eutended Maturity Date') and modify the Note Rete to tho'Modifled Note Rate' datermbted in �'�"";'-:_
<br /> eeoordnnce vr1DY Sec�on 3 below 8 ait the condidons provided in 3edion 2 ar�d 8 bebw are met(the'Condi�onal ModHieatton and Fxtetlalon �� ,��'�-�s!'!g�"'-
<br /> � Opdon•), If tRase candidons are not met,i understand that the Note Hokter Is under no ob�gatle:n 4o reflnance the Note or to modify fhe ���,.y_
<br /> ' ° Note, reaeY L�o Note Rafe or eodend the nMe Maturftyr Date,and that 1 wM have to repay the Nate from my own resources or flnd a lender ��°}'------
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<br /> � wpWng to lend me the money to repay the Note. �";
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<br /> " 2. CONDITION8 TO OPTION
<br /> H �want to exerGae the CoediUonal Modtflcadon and Extenston Optbn, certein eorM�tons must be met as ot the Note Maturity Data _____
<br /> . These condlGono ere: (1) I must etlll be ihe ownc�and occupant ot the Rroperiy aubJeG to the 3eaufty InsUument(the'Ptoperly'); (2j t ��
<br /> must be eurt�t in my monthiy peymeMs and cannat have been more Uian 90 days Iate on any oi the 12 seheduied monthly payments ___ —
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<br /> immediat�y precedwg the Noie Iviaturiiy Dai� (8)titere are no 6ena,dafede, «imami,iai��against iha F7a -:", _•
<br /> .. p�ty. or ail�ss adrss-as tssatt�s _ _ _
<br /> ai�Cting tltle to the Ptoparty(except tor taxes and apecial esaessmenta not yet due and payebtej arishg after the Seatrily instrumertt wae °-
<br /> reeonded; (4�the Modifted Note Hate cen�ot be more than 5 percentage pot„ts above the Note Rate,end (S) I must make a wdttd�request
<br /> to the Note Hoider ss provided in Seodon S 6etaw. -•
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<br /> 3. CALCULATING THE MODIFlED NOTE 6iA'Q'E „ _
<br /> The ModiRed Piote Rate wUl be a ftxed rete of interest equsi to the6n+8H Federal Home Loen Matgage Corporation's requtred rtet ytetd �1;=��----
<br /> 34year 9xed rate mortgages subject to a 80-day mendatory deUvery comn�luneM. ptua one-hatf ot one percent (0.896)rounded to the nearest ��. ,�t.-
<br /> • one�eighth ot one percent(0.125%)(the'Modffled Note Rate"). The requied net yleid sheil be the appqasbie net yteld In eNect on the dste -
<br /> and time o!dny that 1 notHy the Note Holder ot my elecUon to exerdso tl�e Condftlonal Modficetbn and FaQension Optlon. fl this required r,_
<br /> net yleld is not avaitable,the Plote Hoider wpl determine the Modfied Note Rate by using comparebie infortna8on. --�
<br /> 4. CALCULATING THE NEW PAYMENT AMOUNT ��'
<br /> Provkled the ModlAed Note Rate as caiculated in Section 8 above bnot greater then S percentage pdnts above the Note Rate and eil ,��y% '-
<br /> other condiUons ubed In Sectlon 2 ebove are saUsfted,the Note Holder vn11 determfne the amount of the monthry payment that wUl ba '•';� � ' ?``�
<br /> re4 e .;;,:�,�
<br /> sutfldent to repay fn futl(a) the unpaid pHnctpal,ptus(b)aaxued 6ut unpatd Intefeat, plus (c)all other sums t wiU owe under the Note end -• � 't�;,�;•'
<br /> Securtty InsWment on the Note Maturiry Date(assuming my monthly payments then are anent,as tequlred under Sectlon 2 above),over the i�; ,
<br /> �rnaining extended term at the Modified Note Rate in equai monthty paymenta. The resuft ot thts celculaUon w01 be the new amount ot my �';!� •
<br /> prfnctpal and interest payment every month unUi the Note ia tudy paid. ,+��
<br /> 5. EXERCISING THE CONOITIONAL MODIFICATION AND EXTENSION OPTION " �
<br /> The Note Hoider wUl notffy me at least 80 ce�endar days in advance af the Note Matudty Oata and advise me of the ptindpel,accxued ,
<br /> but unpeld interes4 end ali other sums I am expected to owe on the Nde Meturity Date. The Note Holder also wW advise me that 1 may
<br /> exerclse the Cond�tlonai Modificatlon and Extensbn OpUon R the eandiUans m uectfon 2 above are met. Ihe Note Holaer Nnn prontle my �' -
<br /> � payment record infortnatlon,together with the neme, tllle and address of tMe person represenUng the Note Holder that t muat noUy in order ,
<br /> to exerdse the Condfdonai ModHicatwn and Extension OpUon. M 1 meet the conditions oi Section 2 above, 1 may exercfse the Condidonal �
<br /> Madiflcetlon and Extension OpUon by notitying the Note No�der no eartier�han BO ealendar days and no tater than 45 caiendar d�ys prtar to �
<br /> the Note Metur(ty Oate. The Note Hoider wfll calcuiate the fixed ModFied Note Rate Dased upon the Federai Home loart Itrtortga� �
<br /> Corporatlon's applicable pubqshed requked�et yfeld in effect on the date end tlme of day notificatlon is recelved by the Note Ho[dc�ortd as f
<br /> calcuiated in Section 3 above. i wili then heve 30 calendar days to provide the Note Noider wfth acceplable proof of my required o•rm�rsP��v,
<br /> occupancy and properry lien status. Before the Note Maturity Date the N�te Holder wiG advise me ot the new fnterest rate (tFra ModF�a� •
<br /> Note Rate), naw monthly payment amount and a date,time and ptace at w!-�ich i must appear to sign any documents requtred to corttofete �
<br /> the required Note Rate modificaUon and Note Maturily Date extensbn. I understend the Note Holdet wiil charge me reasonaCfa tees an�
<br /> costs assadated with the exerdse ot the optlon.
<br /> 8Y SIf3NINf3 BELOW, flOAf�OWER accepts and agrees to the terms and oovenants contained h this BeOoon REdar.
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