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84___003276 r (B) Anr:lunt of Monthly Payments My nrmthly p;ryment will \:e' in the SIIl'lImt of U .5.$ 253.64... TheNoteH01dar\dli~ lI\Y nXlrtt:hlypsyment sa required by Sei::tion4( C) belgwon the 6th Interast<hlnge Date aDd 011. t:lia1:id<li every 36th urmth tbareafter . Each of tbasedat:es isca11eda"PilyaentCba:ngeDate;"TheNOteJJ01def w1.ll also ~lI\Yl1Dnthly payIIIlnt 00 any. Interest Change Dat.. if Sei::t1on'5(B}bidow'1:'eq~:#'l:G':; ~ the Full Mont:hly AIlilunt. . . .. .. . ..... '. ., ..' ... ......n (C) CalculBtion ofHmthly Payment CIlanl!Jes .... . '. ...... . ....... .,... . ..... Before. each. PayurmtChsnl?,e.Date, the Note Ib1der will. ca'l:culatea "DS'llXlIlthlY~~E!oI: to repay the unpaid prI_'V'..!pa1 be1ance on my l_infttU ontbe llI!lttIrltydateattt.a-P~'llal;e'i.i1 substantially equal payII2tlI:s. The "Payment Rate" is tbaSllll> of the Index figures on? the five' Interest Change Dates ~ng a Payment Change Date plustheCurrent1ndelt;diviiled<by.tbe;~r' 6 plus --.J. 000 . percentage points ( .3 .GOO %), roun:led to the. nearest : otle"'irlghth> of., Ollj,le percel1l:a8e poir'lt\lJ:l25%). E~cei't the l';"~''''nt rate ,,111 not eX(:E:""l 14~990%. (D) Effective Date of Payment Changes Until tm next Payuent Change Date, I will pay the anrJunt of lI\YtleW IIXlt1thlY~(!Sl!hIlXlt1th beginning on the first IIXlt1thl.y payment date after thePaymetlt Change Date, or Iot.erest Change Date.if' Section 5(B) below rBlul.ras me to pey tba Full Monthly Amount. ~ ,--,:::}./;::;: _,'.C'__'i,",:- 5. UNPAID PRINCIPAL BALANCE (A) Ch1l1ges in My Unpaid Primipal llal.a.a:e My lIXltlthl Y payme<1I: could be less tmn too anrJunt of too interest portion of too. . first Full M:mthl.y Atrount I owe or less than tbeint:erest portion of lI\Y first full ltlnthly ADWntaftel"an Interest Change Date. If so, the Ibte'lblder will subtracttheSlll'llmtof'myllXltlthlYpeylll!Dl:'fj:aIF.t;be- aIDlImt of interest IOiOEland will l!dd the difference to my uopsid PrincipalbalanceeachllDllthtmt:tl the next Interest Change Date. The Note lblder will also' add interest on too' auDllIIt.of.this . difference to lI\Y ucprld principal balance each DOOth. Until the next Interest Change Date)"ben.the Note !lolder detenni:nes my new interest ra1:e on my than uopsid prtncl.pal balance, the rate of interest . on the interes t added to prilx:ipal will be the rare determined in Section 2 above. . My nmt..h~y pa~ could be :xcre tl1an the aun::ct of the FUll Montl'-.ly--~'. _ !f,_,oo,-'_ the.<Note--: Holder will suI:ttact the differen:e iran the unpaid principal balan::e of my loan each lIXltlth wtil the next Interest ClmJgeDate as if I '.;-\ aade a [Ettial prepeymmt ua:ler Section a below. (B) lJ.mi.t on Unpaid Principal &.lance; Required .Full funthly Am:lunt My unpaid prtncl.pal 1:alan::e can never exceed a aaxinun iJIlOUOt equal to one hun:lred t:wenty-five percent (12.5:1:) of the principal i3lIDUl1t I originally borrowed. If my paying the llIOOt1IJt of my IIXlt1thl.y pa}'llEllt after any Interest c:;.:;.nge Date wcu1d cause tl:e tmpaid principal tala!lCe to e:a:..oed that max:lm.m llIOOt1IJt at any tine. I IIIJSt pay instead the full funthly Am:lunt as my 1IDI1thly payment until the next Pa}'llEllt ~ Dare. 6, CONVERSION TO FIXED RATE AND PAYMENTS (A) Right tD Convert, I have tre option, prior to any p~ Change Date, of converting this loan to a f:bled interest rate an:! f:bled llDnthly pa)'1lltlnt plan as provided in this section. Once I have converted my loan, the interest rate am the regu.1ar IlDnthly paynent will remain I.IIlcl:targed for the rest of the term of the loan. L (B) Rate aal Pa}'llEllt after Conversion. If t elect to caNert my. loan. then tre inrerast rare for tree rearUning tetlll will not eorceed the "F4:ed Rate Index" plus " . 7 "j:ercent. The Fl'l!ed Rate Index is. the net. yield . requirallent of Federal National1t>rt.g;3ge AssOaiEThn (FNMt\) for 6O-daymanlatorydelivery ofl1Eloi f4:edrate lciamas such Filled Rate Inde.., is available ..mn the rate q1.iOt4tion referred to in paragraph 6(C)(2). below is usde. n-e new fi1<ed rate will be effective 00 tre next Payment ~ Date. The nero. f4:ed payment amount will be the llIOOt1IJt web is sufficient to repay the unpaid principal. balance of my loan. in full in substslltially equal payments by the Il8turity date. I will pay this new f:bled SIIl'lImt beginning on the first lIllnthly peyment date after the Payment ClmJge Date 00 which I converted. (C) El<ercise of F:bled Rate Option. ().) Request for. QJotation. If I am interested in cotMU:ting my loan, I tIllStnotify the note holder, in writing, that I wish. to have a f:bled rate and peyment quoted to 1l2. I IIIJSt send this request for quotation after receiving a Payuent Change Notice ua:ler section 7 arxI at least 30 days before the P8}'llI'nt ClmJge Date. (2) QJotation. \oh>n it receives my request for q1.iOt4tion, too note holder will seni me a notice qooting the f4:ed. rate. and payment l::eing offered an:! tre conversion fee web I will have to pay if I decide to COIIIIett. The conversion fee will not eorceed :: ""percent of the uopsid principal balan:e of the loan on the Payment <hange Date. n-e IlO\:e holder will send this quotation at least 20 wt no IIDte than 30 days before the Payment ClmJge Dare. (3) Aa::epti~ ~tion an:! Converting. If I wish to COIIIIett my loan at the f:ba;d rate am payn>mL quoted to 1l2, I IIIJSt notify tre note hc>lder of. my ~V~ in writing. Such notice tIllSt be received by the note holder at least 15 days before the I'aynmlt <hinge. Date aOOlDJSt. be l!CCClllpanied by the conversion fee. (4) lleduct1<:n.of Time Periods. Ifc~ ~<hingeNotice is not sent. by the note holder at least 35 days Wore the p~ ~ 1l8te, then each ~ period stated above smu be reduced by five days. (D) Ttmll1!1I.I~.of CO!M;u;sion 0ptJ.0n. 11 thl FblIld ~e lt1dexev.;r .- ~ to be plIl>.lisI-ed. orusde avai.laj)le by I'NM\, or if FNH>\ ever ceIII/c6.~ ~ ~~ fll)~ loa,oson too bas1,s """,reflected by the f:bled Rat.. Inlw<. then tIUa. ~ option sIla11 tl!l:1lIi:Mte an:! this sect-ion 6 shall cease to haw ilf\Y ,,1 foct ' ~l'. Ii' by thl:t t,!mel I havea.l.rea<iy accepte:l a q\,lOl;ation and COlI\Ierted my JOIlIl. such tenn!.Ila.t1on will. ,"'t &ffeo;t... "Iv. 11.xlld tate aixl jliI}'llleIlt will. In that e\.'eI1t, r-.in in full force 1m! ...Heet,