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BS- 103954 (5) P If this box is checked, tIle interest rate that I pay shall not decrease more than .................... percentage pomts on any Rate Change Date. (6) ~ If this box is checked, the interest rate that I pay shall never be more than ......~,:.:?~.?..% during the penod I have my loan. (7) ~ If this box is checked, the interest rate that I pay shall Dever be less than ........?............ % during the pened I have my loan. (8) 0 If this bos is checked, the principal and interest payment that I pay shall not increue more than ..............,....... percent on any Payment Change Date. (9) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more than ..................,... percent on any Payment Change Date. The Note Holdtlr will adjust the interest rate on each Rate Change Date and on each Payment Change Date 80 thl1t the change in the interest rate will not be more than those limits marked above. The monthly payment amounts will also change on Payment Change Datca as provided in the Note, Because payment changes may occur less often than interest rate changes and/or may be subject to certain limitations described in the Note. the mGnthly payments may be insufficient at times to pay ac- cruing interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue interest thereafter. Under the tenns of the Note, the unpaid principal balance can never exceed a maximum amount equal to One Hundred Twenty-Five Percent (125%) of the principal amount originally borrowed. (C) Notice of Changes The Note Holder will mail me a notice by first class mail of any changeR in my interest rate and the amGunt of my monthly paymenl at least thirtv and no more than forty-five days before each Payment Change Date, The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any questions I may have regarding the notice. The notice will also include the following information: (i) The Fixed Interest Rate I will pay if I choose to convert my loan inlo a Fixed Interest Rate Loan as described in Section 3 below: (ii) The amount of my new monthly payment at the Fixed Rate of Interest: and (iii) A date not more than 15 days from the date the notice is given, by which I must execute a Modification Agreement in the Form that Lender milY require evidencing the Modification of the Note to provide for a Fixed Interest Rate, and the payment of a conversion fee as described in Section .J of this Rider. (D) Conversion to Fixed Interest Rate The Note Holder will provide the Borrower the option to convert the Adjustable Rate Loan into a Fixed Interest Rate Loall as follows: :1. CONVEUSION TO nXED INTEltEST !tATE (A) My Option to Converl I may convert the Adjustable Raw Loan evidenc:{ld by a Note of the same date to a Fixed Interest Rate Loan to be fully repaid in substantially L'Qual monthly installments of principal and interest over the lat, '2no, and 3rd remaining term of the loan on the.. .. Payment Change Dates. ( B) My Fixed Rate of Interest and Monthly Payments If I choose 10 convert to a Fixed Rate, the Note Holder will set the Fixed Rate of Interest at 10.500 co' " . ..................... m. The new Fixed Interest Rate wlll become elIective on the Payment Change Date on WhlCh I convert to a Fixed Interest Rate. My monthly payments at the new Fixed Int..rest Rate will begin as of the first monthly payment afrer the Payment Change Date on which I convert. The monthly principal and interest payment will be the amount that is necessary to repay in lull the principal I am expected to owe at that Change Date in substantially equal payments on the maturity date at my Fixed Interest Rate. (C) Required Conversion Fee If [ c~?g&<<, 10 convert to a Fixed Rate, I will be required to pay to the Note Holder a Conversion FCfl equal to..,... ' % of the original amounl of the loan upon execution of a Modification Agreement. (D) How to Convert If I choose to convert to a Fixed RIlte Loan, [ will be required to execute a Modification Agree- ment and pay the required Conversion Fee to the Note Holder within the period set in the Note Holders notice 811 provided in Section 2 (Cl above, If I do not do this within the specified period, I will not have an option to convert unlCSll I can exercise another option on other Payment Change Dates as indicated in Section 3 (A) above. In that case, the interest rate that [ will pay will continue to adjust in accordance with 5e<:tion 2 fB) above. (El ElIectiveness of Provisions Upon Borrower's execution of the Modification Agreement and payment of the required Conver- sion Fee, Section 3 (AI above shall cease to be elIective, ~. LOAN CHARGES It could be that the ,loan secured by the Security In.~trnmeDt is subject to a law which ""Is maximum loan charges and that law is interpreted so that the interest or other loan charges colleded or to be collected in connection with the loan would cxcetld pennitted limits. If this is the case. then: (A) any such loan charte shall be reduced hy the amount necessary to reduce the charge to the J?!lrmitted limit: and (B) /lny _ already collected from Borrower which exceed<>d permitted limits w1l1 be refuncl..d 10 Borrower. ~er may choose to make this refund by reducing the principal owed under the Note or hy making a dut!Ct JUyment to Borrower.