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$4 "`~U 1125 , (B) Amotntt of Monthly Payments My monhly payment will be in the amount of U.S. $ 452.80 The Note Holder will charge mY ~~Y P ~ required by Section 4(C) below an c- he~ith Interest Change Dace std m that daq every 36th month thereafter. Each of these dates is cal]ed a "Payment Change Date." Ttie Note Holder will also cltange mY ~hlY Pmt on airy Interest Change Date if Section 5(B) below requires-me~to pay the Full. Motrthly Amount. (C) Calctilation of Monthly Payment Charges Before each Payment Charge Date, tte Note Holder will calctilate a newmonEhl y payuettt sufHcieat to repay the unpaid principal balance art mY loan in full an the maturity date at-the `Payment Rate in suhatantially equal Payments. The "Payment Rate" is the sum of the Itdex figures on the-five Interest Change Dates pteoeeditg a Payment Change Date plus ttie Current Itdat; divided bY' the tm6er 6 Plus perceta:age points ( 3.15p %), routded to the nearest one eighth of one:. percentage po nt .125X). Except the payment rate will Trot exceed 13.9906. (B) Effective Date of Payment Changes Until the naR Payment Charge Date, I will the amount of Pay my na.+ motthly payment-each month beginning on the first monthly payment date after the Payment Change Date, or Interest Change Date if Section S(B) blow requires me to pay the Full Mtmthly Atntnt. 5. UNPAID PRINCIPAL BALANCE (A) Cues in My Unpaid Principal Balance My monthly Payment could be less than the amount of the interest portion of the first Full Monthly Amount I sae or less titan the interest portion of my first full Monthly Amaatt after as Interest Change bete. If so, the Note Holder will subtract the smart of my-monthly paymert ft~.;the- amaart of interest I ante std will add the difference to m9 u[tpeid principal balance eau9r'mor~h :until. the tta¢ Interest Change Date. The Note Holder will also add interest on the. amont of this difference to mq unpaid Principal ba7aaee each month. Until the next Interest Change Date when the Note Holder detentdtrea m9 nea interest rate on ray then ut~aid ptirtcipal balame, the rate of intetmt ott the merest added to prindpal will be tie rate determined in Section 2 above. MY ~~Y Pam could be ~ than the amaznt of the Full Monthly Amouatt. If so, the Nate Holder will subtract the differenre fr® the unpaid pri.,ripal balan[:e of my loan each month until the next Interest Change Date as if I had made a partial prepayment under Section 8 below. (B) Limit on Unpaid Principal Balance; Required Full Monthly Amount MY maid Fr~P~ tglance can never exceed a unvrimmm atootnt egTSl to one hundred twenty-five percent {125X) of the principal atootmt I originally borrowed. If my paying the amount of my mot,thly payment after arty Interest Charge Date would cause the unpaid pritcpal talatre to eaaceed that maxiotm at a~ time, I Dust pay instead the Pull Monthly Amount as ray monthly payme~ until the next Paymatt Ct~ge Date. 6. CONVERSION TO FIXED RATE AND PAYMENTS (A) Right to Cotrvert. I have the option, prior to airy Payment Ctuange Date, of cornerting this loan to a fixed interest rate std fixed monthly payment Plan as provided in this section. Once I have converted my lcett, the interest rate aid tie regular mthly payment will remin utidtatged for the rest of the term of the loan. (B) Rate std Paytaaut after Conversion. If I elect to COtivert mY loan, then the interest rate for the r~;*+; a tee will not exceed the "Fixed Rate I~t" plus 0.750 t. The Find Rate Index is the net yield req,,;*~+t or Federal National Mortgage a n (Fi~Rie,) for b0-day matdatory delivery of new fi~md rate loans ~ such FiTmd Rate Itdac is available what the rate quotation referred to in paragraph b(C)(2) belay is made. 'the nee fixed rate will be effective on the nett Paymatt Charge Date. rte new fiamd payment smart will be the amaatt which is sufficient to repay the unpaid Principal balance of my lees in full in aubarantially equal payments by the maturity date. I will pay this new fi~aad amount begitmdng on the first ®ochly payment date after the Payment Charge Date on which I converted. (C) Exercise of Fixed Rate Option. (1) Request for Quotation. If I am interested in converting my loan, I must ttotiiy the mte holder, in writing, that Z wish to have a fi2aad rate std payment quoted to me. I must send this request for quotation after receiving a Paymnrn Charge Notice under section 7 std at least 30 days before the Payment Change Date. (2) Quotation. When it receives my request for quotation, the note holder will acrd me a notice quoting the fixed rate std payment being offered and the cornxrsion fee which I wi11 have to pay if I decide to Calvert. The catversion fee will not exceed 2 percent of the unpaid principal tknlance of the loan at the Payment Charge Date. The note holder w ~ acrd this quotation at least 20 but no morn than 30 days before rte Payment Change Date. {3) Acceptitg Quotation std Cotnerting. If I wish to convert ary loan at tke fixed rate std paymaut quoted to me, I must notify the note holder of my acceptance in writing. Such notice aunt be received by the note Mlder at least 15 days before the Payment Change Date std must be acco~enied by the cattveraion fee. (4) Reduction of Time Periods. If the Payment Charge-Notice is rat sent by the note holder at least 35 days before the Payment Chp~ge Date, [ten each time period stated above stall be reduced by five days. (D) Tetvdcaticn of Conversim Option. If the. Fixed. Rate Index ever ceases to be published or made available try PNt41, or if FNM4 ever 9~ing ~d purdtesitg mortgage Icarus on the boars stow reflected by the Fixed Rate ITdex, then this cam+erai~t option stall teadtrece std ttds section b stall cease to have any effect. However, if try that Cime, I have already accepted a quotation std converted my loan, such tetminatioxu will not affec'i aa_ My fix~i rain and +wyme_nt wf11; in that awnr, r~ n in fi~ force ?.d P€fert.