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88-105321 (,,) [] If this box iR checked, the inlerest rata thot I poy shall not decrease more than .................... pert'entago point.. on any Rata Change Dale. 16) Iii If this box is checked, the inlerest rate thot I pay shall never he more than ...1.~.,.~.QQ.....% during the pcnofl I have my loan, (7) Iii If this box is checked, the inler...t rale that I pay shall never be Ie.. than ......,..Q............ % during the pcnod I hsve my loan. (8) 0 If this box is checked, the principa! and inlerest payment that I pay shall not increase more than ...................... percent on any Payment Change Dale. (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 Nole Holder will adjust the inlerest rate on eoch Rata Change Dale and on each Payment Change Dsle so that 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 Dates as provided in the Nole. Because payment changes may occur less olten than intarest rate changes and/or may be subjc..-t to certain limitations described in the Note, the monthly payments msy be insufficient at times to pay ac- cruing interest. In such case, unpaid interest is added to the principal balance of the Nota and itself will accrue interest thereafter. Under the terms 01 the Note, the unpaid principa! halance can never exceed a maximum amount equol to One Hundred Twenty.Fivc Percent (125%) of the principal omount originally borrowed. IC) Notice 01 Changes The Note Holder will mail me a notice by first class moil of any chonge.q in my interest rate and the amount of my monthly payment at least thirty Bnd no more than forly-five days before each Payment Change Dste. The notice will include information required by law to he 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 infonnation: (i) The Fixed Interest Rate I will pay il I choose to convert my loan into a Fixed Interest Rate Losn as described in Section 3 below: (Ii) The amount 01 my new monthly payment ot 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 may require evidencing the Modification of the Note to provide for a Fix.ed Interest Rate, and the payment of a conversion fee as described in Section 4 of this Rider. iD) Conversion to Fixed Interest Rate The Note Holder will provide the Borrower the option to <'anvert the Adjustahle Rate Loan into a Fixed Interest Rate Loan as lollows: :1. CONVERSION TO FIXED INTEIlEST lUTE (A) My Option to Convert 1 may convert the Adjustable Rate Loan eyidem'ed by n Note of the same date to a Fixed Interest Rate Loan to be fully repaid in substantially L>qua] monthly installments of principal and interest over the rems.ining term of the loan on the :I.,s,t"" 2nd" and 3rd Payment Change Dates. f B) My Fixed Rate 01 Interest and Monthly Payment.. If I choose to convert ta a Fixed Rate, the Note Holder will set the Fixed Rate of Interest at Ill.5011 ,%. The new Fixed Interest Rate will become effective on the Payment Chsnge Dale on which I convert to a Fixed Interest Rate. lily monthly payments at the new Fixed Interest Rate will hegin as 01 the first monthly payment sfter the Payment Change Date on which I convert. The monthly principal and interest payment will be the amount that is necessary to repay in full the principal I am expected to owe at that Change Date in substantially equal payments on the maturity date at my Fixed Interest Rate. IC) Required Conversion Fee If I choose to convert to 8 Fixed Rate, ] will be required to pay to the Note Holder a Conversion Fee equal to l~ .~.Q % of the original amount of the loan upon execution oC a Modification Agreement. (D) How to Convert If I choose to convert to a Fixed Rale Loan, I will be required to execute a Modification Agree. ment and pay the required Conversion Fee to the Note Holder within t.he period set in the Note Holders notice as provided in Section 2 IC) above. If I do not do this ,.;thin th. specified period. I will not have an option to convert unless I can e.J:ercise another option on other Payment Change Dates as indicated in Section 3 (A) above. In that case, the interest rate that I ""ill pay will continue to adjust in accordance with Sectien 2 (B) above. I E I Ellectiven..... 01 Provisions Upon Borrower's execution of the Modification Agreement and payment of the required Conver- sion Fee, Section 3 (AI above shall cease te be effective. I. LOAN CHARGES It could be that the loan IlC<:Ured by the Security Instrument i. su'>ject to a law which seta maximum lrnm cha..rgcs and that law is interpret.ed 50 that the interest or other loan chargCA collected or to be collected in connection ..;th the loan ,,'ould exceed permitted limits. If this u. the cm;c, then: (A) any such loan charge sha1J "" reduced by the amount necessary to reduce the charge to the ~rmitted limit; and (B) any .uma a1_dy rolloclro Imm Borrower which exceeded pcrmittl'l! limits wIll be refunded t" Borrower. ~d... may choo.... l<l make this refund by reducing the principal owed under the Nolc or hy making a dlrocl p3}"II1cnt to Borrower.