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r L ~ ~.I.., '::i I 84 _002807 (5) /mJunt of Monthly paym;mts My IIDtIthly plymant will te in tre aIIllUIlt of U,S. $ 327.48 ,The Note Holder will change my lIIlnthly payment as required by Section 4(C) below on tre 6th Interest Change Date am on that day every 36th IIDtIth ttereafter. Each of ttese dates is called a "PayDI!nt Change Date." The Note !bIder will also chan8e my IIDtIthly payment on any Interest Change Date if Section 5(5) below requires me to Pay tre Full /otlnthl Y Aaomt. (C) Calculation of Iimthly Payment Changes Before each PayDI!nt Change Date, the Note Holder will calculate a new IIDtIthl y plyment sufficielC: to repay the unpaid principal balance on my loen in full on tre maturi ty date at tre Payuent Rate in substantially equal payments. The ''payuent Rate" is tte S\III of tre Index figures on tre five Interest Change Dates preceeding a Payment Change Date plus tre Current Index, divided by the rumber 6 plus 3.1 "8 percentage points ( 3.150 %), rooMed to tre nearest one-eighth of one percentage point 0.125%). Except the payment rate will not exceed 13.990%. (D) Effective Date of payment Changes Until tte next Paymant Change Date, I will pay tre aIIllUIlt of my new lIDnthly lBY1llent each IIDtIth beginning on the first 1lDnthly paymant date after the Payuent Change Date, or Interest Change Date if Section 5(B) telow requires me to ply the Full Monthly /mJunt. 5. UNPAID PRINCIPAL BALANCE (A) CI1aIl!es in My Unpaid Principallla.l.an:e My IIDtIthly plyment coold be less tlm1 tre aIIllUIlt of tre interest portion of tte f1l:st Full ~y ADnmt I ~ or less tlm1 the interest portion of my first full ~y ADDmt after an Interest Change Date. If so, tre Note !blder will subtrac1: the aIIDJnt of my 1IDlIthly psymeotfn:mthe aIIIUIt of interes1: I .- alii will add the differero:e to my l.Ulp8id principal balance each DOOthUlltU the next Interes1: ~ Date. The Noce !blder will also add interest on tre. 8IIIlUIIt of thla difference to my unpaid principal balance each DDnth. Until tre next Interest OlangeDBte lolben. the Noce Holder detetm:lnes my new interest rate on my tten unpaid principal balatre, the rate ofinterestc on the interest added to principal will be tre rate de1:etmined in Section 2 above. My DIlIlthly payment coold be 1lDre than the aIIIUIt of the Full ~y ADDmt. If so,. theNotj! !bIder will subttact tre differeoce frem 1:re unpaid principal balatre of my loan each 1IDlIth.tmtil 1:he next ln1:erest Change Date as if I had naIe a patt1al prepayment under Settion 8 telClli. (B) Limi1: on Unpaid Principal Balance; Required Full /otlnthly AIDJunt My unpaid principal l:a1ance can never exceed a maxi.mJm aDDUlll: equal to onebmdredtWienty""five percent (125%) of tre principal aIIllUIlt I origl.na1ly borrowed. If my paying the aIIIUIt of my 1IDIlthly plyment after any ln1:erest ~ Date woold cause tre uq>aid principal balatre to ellD!edc1:ha1: I!lBldmJm lIDICUIIl: at any time, I IIIJS1: pay ins1:ead the Full lbnthly AIDJunt as my lIDDI:hl.y paJIEDI: .lIIEil the next Payment Change Date. 6. CONVERSION TO FIXED RATE AND PAYMENTS (A) Right to Convert. I have tre. op1:ion, prior to any Paym;mt Change Date, of converting this loan to afi.,di interest ra1:e alii f:b<ed 1lDnthly plyment plan as provided in this section. Once I ~"COOWttedicJDY loan, tre interest rate and tre regular 1lDnthly payment will rallllin IJIll:halwed for the rest"of.A:l'eo,,: term of the loan. (B) Rate alii PayDIrt after Convemion. If I elect to COIM!rt my loan, tten tte interest rate for tte ~, te~wi1lnat~;, the "Fbed Rate Index" plus ~cent. The Fbied Rate Index is the. net;~;:~,"Ilf"'[ Federal National ~ AssOCIatlOO (mtt.) for 6O-day DBDlatory delivery of..vftJBl.:,~tl!:.J~~~...cf such Fbed Rate Irrlex is available .nen the rate quotation referred to ,in.~,ti(!l)(~)~,1iJ';,' 1IIIde. The new fuIed rate will be effective on tte next Payment ClIaqje ~te. TheJ_[~'~' ~ will be the aIIIlUllt web is sufficient to repay the UIlplid Pr1ncipll~.pf"'i:~1;!.!'k full in substaotially eqUBl ~s by tte 1IIIl:urity date. I will. J8Yth1la.llI!!Ilv~:",~".;. beginning on the first !IDl1thly JBymetX date after the PayDIlU; Chqe Date on iil1cllI~,. ' " (C) E>ercise of F:b<ed Ra1:e OpUon. (1) Request for lpXation. If I alii interested in converting my losn, I 1IlIS1: notify tte note !older, inwr1~~t:!Ilt+ wish to have a fbed rate and payment quoted to me. I IlUSt send this request for ~~~" recei~ a Paym;mt Change Notice under section 7 and at lesst 30 days before th!!P~~ Ilal:e. (2) ~ation. ~n it receives my request for qwtatlDn, tre note !older will send me a not~ quDtq the fbed rate and payment being offered alii 1:te convemion fee web I will ~ to pay if I ~ to convert. The COl1IIeISion fee will not exceed 2....illlfLP"roeot of the uq>aid prtncipll blWur.e. of. the . loan on the Paymmt ~ Da1:e. The DOte !olderWITI sem this quotation at lesst 20 but nollDre than 30 days before the Paymen1: ~ Date. (3) ~ lpXa1:ion and Conwrting. If I wish to convert my loan at tte fbed rate ani payment quo1:ed to me, I 1IlISt notify 1:he note Ix>lder of my acceptance in writing. Such notice IIlJSt be received by the note lolder atlealit 15 days before the Paym;mt ~ Date ~ DUSt be ac~ed by the corM!l:llion fee. (4) Reduction of TIlle Periods. If the Payment ~ Nocice is not sent by tre note holder a1: less1: 35 days before the PayDIlU; a.wge Date, tten each tJme period stated abcNe stall be reduced by five days. (D) Term1nation of CouYersion Opcion. If the Fbed Rate Irrlex ever ceases to be published or IIIIde available by flK\, or if FNHt\ EMlr ceases q~ alii p.I1"chasi~ 1lDrtg;i&e loam 00 the bosis new reflected by the Fbed Rate Index, tten this conversion option sbsll terminate alii this sectlDn 6 stall cease to have any ef feet. llrMlver, if by that tJme, I have already accepted a quotation alii conwrtoo lll)' 1080, such tennination will not affect.... My filled rate alii pl)'llll!'nt will, in trnt event, remain in full force an:l effect.