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r 84 --- n ~ 10 70 (B) Amount of Monthly Payments My monthly payment will b? in the amoinrt of O.S. $ 219.54 The Note Holder will c]>arge my monthly payment as required by Section 4(C)• below on the 6th Interest Change Date and on that day every ~'(ith month thereafter. Each of these dates is called a 'Payment Chantge Date." The Note Hoiden will also ~ my monthly payment on acry Interest Change Date if Section 5(B) below regidres me to pay the Full Monthly Amount.. (C) Calculation of Monthly Payment Changes Before each Payment Change Date, the Note Holder will calailate a new monthly payment suffidett to repay the unnpaid principal balance on my loan in full on the maturity date at the Payment Rate in substantially equal payments. The 'Payment Rate" is the sum of the Index figures on the five Interest Charge Dates preceeding a Payment Change Date plus the Current Index, divided by the nndter 6 plus 5p~ percentage points ( a _ t sO X) , rounded to the rw~est one~ighth of one peroecrtagen -(v.125X). wept ttie payment rate wLll mt eooceed 13.990X. (D) Effective hate of Payment Changes Until the next Payment Charge ])ate, I will pay the amamt of my nrew monthly paymenu each-month beginanitg on the first monthly payment date after the Payment Change Date, or Interest Chaznge Date if Section 5(B) below requires me to pay the Full Monthly Amount. 5. UNPAID PRINCIPAL BALANCE (A) Changes in My Unpaid Prixrlpal Balatre My monthly payment could be less than the amount of the interest portion of the first Full Monthly Amount I owe oz less than the interest portion of my first full Montthlp Amount after an. Inrterest Change Date. 7f so, the Note Holder will subtract the a®nnot of my monthly paymenrt fr® the. amount of interest I owe aid will add the differennoe to my unpaid Principal ba]annre each:tteoth until the next Interest Chan®e Date. The Note Holder will also add inrter~t on the: mart of''this' difference to my unpaid pri>xipal balance each month. Until the ntext Interest Chanrge Date-when. the Nee Holder deta~+*~ my oar interest rate on my then unpaid Principal balance, the sate of i.+r°zmt on the interest added to prinndpal wLll be the rate determined in Section 2 abase. MY ~~Y PaY~nt could be more than the amount of the Full Monthly Amant. Lf so, the.: Nate Holder will subtract the difference from the unpaid principal balannce of my loan earn month until the next Interest Charge Date as if I had made a partial prepayment order Section S below. (B) Limit on Unpaid Principal Balance; Required Full Monthly Amaat My unnpaid Principal balance can never exceed a maximmm amnont equal to one huntdred twenty-five percent (125X) of the principal amount I originally borrowed. If my paying the amorant of my mothly payment after any Interest Change Date would cause tl~ unpaid printcipal balance to exceed that maximm amont at a~ time, I must pay instead the Full Monthly Amount as my monthly- payment. until the nett Paymerg Change Date. 6. CONVERSION TO FIXID RATE AND PAYMENTS (A) Right m Comrert . I have the option, prior to airy Payment Change Dale, of conrverting this loan to a finaed interest rate and fixed monthly Payment Plan as provided 1n this section. Once I have converted-my loan, the interest rate and the regular mthly payment will remain undrartged for the. rest.-of the - term of the loan. (B) Rate and Payment after Conversion. If I elect to CO[nVert mY loan, then the interest rate for the r~inixg term vi.l:t .not emceed ~ 'Fixed Rate Irde~c" P~ 0.750peroent. The Fixed Rate Irdec is -the net yield rem,t,•amP.,r of Federal National Mortgage Aseoc~t~on (FNMK) for 60~day mandatory delivery-of anew fixed rate loar>e ae such Pir®d Rate Index is available when the rate quotation referred to in paragraph 6(C)(2) belw is msde. The new fixed rate will be effective on the next Payment Chantge Dnste. Ttie nen+ fixed paymenC amrant will be the amount which is suffideot to repay the unpaid principal 6a7apoe of my loan in full in. substaotiallY equal Payments by the maunrity date. I will pay this ua+ fi®d amounC , beginning on the first onxnthly payment date after the Payment Charge Date an which I camierted. (C) Enerdse of Find Rate Option. (i) Request for Quotation. If I am interested in converting mY loan, I mist notify the mte holder, in writing, that I wish to have a finmd rate and payment quoted to me. I must send this request for quotation after receiving a Payment Change Notice uzY3er section 7 a~ at least 30 days before the Payment Change IJate. (2) Quotation. When it receives my request for quotation, the note holder will send me a notice quoting the fixed rate anto convert. The cornversion fee will not e~xeed ?_~opercent of the unpaid principal balarce of the loan on the Payment Change Date. The note holder ~IIII..se~ this quotation at least 20 but no ®re than 30 days before the Payment Charge Date. (3) Accepting Quotation and Cornenting. If I wish to ~rt my loan at the fixed rate aid payment quoted to me, I suet mtify the mre holder of my acceptance in writing. Such notice soar be received by the note holder at least 15 days before the Payment Change Date and-must be accompanied by the rnrmersion fee. (4) Reduction of TSme Periods. If the Payment Change Notice is mt sent by tine note holder at least 35 days before the Payment Channge Date, then each tip period stated above shall be reduced by five days. (D) Tetmtiretinn of Conversion Option. Zf tte Finned Rate Index ever ceases to be published or made available by FNM4, or iF FNM4 ever saw quoting and purdrasing mortgage 2oana on the basis now reflected by the Fixed Rate Tndex, then this conversion option shall. [en~nate and this section b shall. cease to have any effect. However, if by that tip, L gave already accepted a quotation and conrverted my loan, such terndaation will not affect ma. Mp find rate and payment will, in that event, rm~ain in full force acd effect.