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20030570, <br />Securit�nstrumer#the "P rope rty ")(b) I mustbecurrenin my monthlypaymentandcannobavebeen <br />morethan30 dayslateon any of the 12 schedulec honthlypaymentbrnmediatelprecedin #ieMaturity <br />Date (c) theNewNoteRatecannobemorethanfivepercentagH )intsabovdheNoteRateand(d) I must <br />make a written request to the Note Holder as provided in Section 5 below. <br />3. CALCULATING THE NEW NOTE RATE <br />TheNewNoteRatewill beafixedrateof interes6quato Fannidvlae'srequireahetyieldfor 30 -year <br />fixed- ratenortgagesubjecto a 60- daymandator ¢eliverycommitmenplusone -halbf onepercentage <br />point (0.5 %),roundedo the neares(bne - eightbf onepercentagnoint(0.125 %Xthe "New Note Rate "). <br />The requiredietyieldshallbe the applicableetyieldin effectonthedateandtimeof daythattheNote <br />Holderreceiveaoticeof my electiorto exercistheConditionaRefinancin §)ption.If thisrequirechet <br />yield is not available, the Note Holder will determine the New Note Rate by using comparable information. <br />4. CALCULATING THE NEW PAYMENT AMOUNT <br />ProvidedheNewNoteRateascalculatebhh Sectior3 aboves notgreatethanfivepercentagimints <br />abovethe Note Rateandall otherconditionsequiredn Sectior2 abovearesatisfiedheNoteHolderwill <br />determintheamounbf themonthlypaymenthatwill besufficiento repayin full (a)theunpaic$ rincipal, <br />plus(b) accruedutunpaidnteres 'plus(c) all othersumd will oweundertheNoteandSecurit *nstrument <br />on the MaturityDate( assumingiymonthlypaymentth enarecurrentasrequireabnderSectior2 above), <br />overthetermof theNewNoteattheNewNoteRaten equaMonthlypaymentsT.heresulbf thiscalculation <br />will be the amount of my new principal and interest payment every month until the New Note is fully paid. <br />5. EXERCISING THE CONDITIONAL REFINANCING OPTION <br />TheNoteHolderwill notifymeatleasFOcalendadaydn advancef theMaturityDateandadvisene <br />of theprincipalaccruedbutunpaidnterestandallothersumd amexpectethoweontheMaturityDate. <br />TheNoteHolderalsowill advisanethatl mayexercist heConditionefiefinancing)ptionif theconditions <br />in Sectior2 abovearemet.TheNoteHolderwill providernypaymentecordnformatiortpgethewiththe <br />nametitle,andaddresef thepersorrepresentirtbeNoteHoldedhatl mustnotifyin ordedo exercisthe <br />ConditionalRefinancin §)ptionlf I meetheconditionef Sectior2 above) mayexercistheConditional <br />Refinancingptionby notifyingtheNoteHolderno laterthan45calendadayspriorto theMaturityDate. <br />The Note Holderwill calculatthe fixed New Note RatebasediponFannieMae'sapplicablpublished <br />requirechetyieldin effecton thedateandtimeof daynotificatiods receivedby the Note Holderandas <br />calculateoh Sectior$ above will thenhave3Ocalendaalaysto providetheNoteHolderwith acceptable <br />proofof myrequiredwnershipeforetheMaturityDate #heNoteHolderwill adviseneof thenewinterest <br />rate( theNewNoteRate) flewmonthlypaymenkmountandadate time,andplaceatwhichl mustappear <br />0042603332 <br />(M-872R (0 109) Page 2 of 3 <br />Form 3180 1/01 <br />(rev. 9/01) <br />