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l)q.-t,::.Q.J7-] FIXED RATE CO~~RSION RIDER ooiii1NC 84- r THIS RIDER is made this Lilh day of :.ovcmbcr .19~ and is incorporated into and shall be deemed to amend and supplement Borrower's Note and the Deed of Trust or Mortgage along with any Adjustable Rate Rider thereto, (the "Security Instrument'") of the same date given by the undersigned (the "Borrower") to secure Sorrower's Note to Tc1\:C" FL,A;';CL\L. nc. (the "Lender'") of the same date (the "Note.') and covering the property described in the Security Instrument and located at; 4245 1....H... .Li t L.:: ~L~ 6g:')(;1 Cr~ad ltilall~l. i~cbra~ka (Property Address) In connection with the Note and Security Instrument executed by the undersigned Borrower and of even date herewith, Borrower and Lender hereby agree to the following additional provisions: L A. CONVERSION TO FIXED RATE AND PAYMENTS (1) Right to Convert, I have the option, prior to any Change Date, of converting this loan to 1II fixed interest rate and fixed monthly payment plan as provided in this ~tion, Once I have convert~d my loan, the interest rate and the regular monthly payment will remain unchanged for the rest of the term of the loan. (2) Rate and Payment after Conversion. If I elect to convert my loan, then the interest rate for the remaining term will not exceed the "Fixed Rate Index" plus :) 75;) percent. The Fixed Rate IDliex ~a l.~n;; t.JCL ,,;,,c~~ 1.C\lu..i.1. r::UUC1U.. o~ cc:uC:l(lA.~r....i.uu.i nu.l"~G.!)c ^auliuc..Ltlt.i.Qn-~J J:OJr bO-day 1Undatory delivery of new fixed rate loans as such Fixed bte Index i6 available "hen the rate quotation referred to in paragraph (3)(b) below is made. The new fixed rate will be effe~tive on the next Change Date. The nlilW fiud payment amount will be the llllIount which is sufficient to repay the UDpaid principal balance of my loan in full in substantially equal payments by the _turity date. I will pay this new fixed amount beginning on the first monthly payment date after the Change Date on which I converted. (3) Exercise of Fixed Rate Option. (a) Request for Quotation. If I alii interested in converting my loan, I must notify the note holder, in writing, that I wish to have a fixed rate and payment quoted to me. I lllUSt send this request for quotation after receiving a Change Notice under the Note and at least 30 days before the Change Date, (b) Quotation. When it receives my request for quotation, the note holder will send .. a notice quoting the fixed ratE! and payment being offered and the conversion fee which 1. will have to pay if I decide to convert. The conversion fee will not exceed percent of the unpaid principal balance of the loan on the Chanae Date. The note holder will sEmd this quotation at l_st 20 but no more than 30 days before the Change Date. (c) Accepting Quotation And Convp.rting. If I wish to convert my loan at the fixed rate and payment quoted to me. 1 must notify the note holder of my acceptance in writing. Such notice must be received by the note holder at least lS days before the Change Date and must be accompanied by the conversion fee. (d) Reduction of Time Periods. If the Change Notice 111 not sent by the note holder lit least 35 days before the Payment Change Date. then each time period stated above shall be reduced by five days. (") Termination of Convel~sion Option. If the Fixed Rate Index ever ClUlses to be published or llI.adll available by Flit", or if FliMA ever ceases 'Quoting and purchalling I1IOrt8age loans on the bads I1IOW reflected by the Fix~ Rati! Index, then this conversion option shall terminate and this Rider shall cease to h~ve lIny effect. However, if by that tim., 1 have already acceptGld Ii quotation and convened lilY loat!. such teI'lllination 101111 not IIffect me. My fill:~ rJllte Ilnd plll~ellt 101111, in th.!lt e"'EHlt, r_ain in full force and dh:ct. (5) Lei""! Limitation 011 I~ate. If the H:u;d rate 1:0 bi!! q'ooted on allY Change DlIltll' i!lltceedll the fll.ll.x1!llUIIil chllq~elii <:.>r ):'>lUIl1 3UQ~ by .lll'pUcable law. then cOllversIon will not bf! aI1ol.'ll'd for th.at Ctlj;l1>~~ iJ<lIU', In'll 1j')U! f'01d<l'1:' l~ilIY ,')ftlilr I.lI l?lo<er nAtE' or du~g"lii tllUl requlred 01' "-l ( U' .I ~", _.J