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84 - 003293n r (B) hIDunt of Monthly Payments My m:mthly piYIOOIlt will 12 intreaownt of u.s. $ 4()5.45 . The Note Holderwill~ my lIIlt'Ithly pa}'IIll!!lt as required by Section 4(C) .be:Wwon the 6th Interest O1sngiaDate ani ant:l:ial:daf egery'36thllDnth thereafter. Each of these dates is ca11eda"Pa.ymem:~Datei"nieNot:elb1der' will alBo. cbari,8e my unnthly payment on any Interest Clat18e. Date. ti Section5(R)llEW:lWrEijti:l.te&.'tl}. psy tre Full Mont:hly tIPnmt. (C) Calculation of Mont:hly Payment' 0lan8es lleforeeacltPayment' Char1geDate, tre Note Holder will cal.CUIatea.Deli'uDnthlypo.ymeriloM'fi,d~ to repay the unpaid pr:lncipal1lalante on my laIi'lin full on the maturity date at tbe'Paynl!Qtl;lal:Eim substantially equal psyments. The "Payment' Rate" is the SUlI of the IndeK figures, ontbe :five Interest Ol81lgeDates preceeding a Payment' Clat18e Date plus the Current Index, dividEdbythe.l1liIIblr 6 plus ":\ 'c{,O percentage points ( 3 . GOi) %), l"lllItded to the nearest ~ of one' percentage point (O.l25%). rX(~ert th:: f(l~t!~;ont l".st0 kiTl 11fJt cxce('<::- 14 ..990h. (D) Effective Date of Payment Cl1an!lres Until tre neott PlI)llII!lll: ~Date, 1 will pay the8llOOllt of my new llDnthly psyment each m:m.th beg;l.nning on the first 1lDI1th1y paytll'!nt date after the Payment 0l81lge Date, or Interest Chimge'Dateif Section 5(B) lleJ.a.1 r9:juires me to ply the Full Monthly JIloount. 5. UNPAID PRINCIPAL BALANCE (A) ~ In My Unpaid Principal Balaree My m:mthly pa)'1llErt c.oul.d be less tmn tre am::>unt of the inl:erestportion of. tre.firstFull lbU:hJ.y Aloount I owe err less than the interest portioo of my first full Monthly..i\mJunt'. after an Interest 0l81lge Date. If so, the ltte Holder will subtract the anoont: of mym:mthlypayul!Iltfrcm'the anoont: of interlest I owe and will add the difference to my unpaid ptinclpalbalance eac:hllDnthUIll:il the neott Interest 0l81lge Date. The Note Holder will also add interest 011 the anoont: of. thiS difference to my unpaid px:inclpal.balance each 1lDnth. Until tre next: Interest .000000Date,when the Note Halder detenn1nes my new interest rate on my then unpaid principal ba1an::e, tre rate of interest on the interest a:Ided to principal will be the rate detenui.ned in SectJnn 2 above. My m::nthly payment c.oul.dbe nnre than the anoont: of the Fullfunthly Am:lunt. If so,. the Note Holder will subtract the differerre fran the unpaid principal ba1an::e of my loan each m:mthunt:il the next: Interes t 0l81lge Date as if I had .,~ a ,..rtial prepaymmt uo:ler Section 8 below. (B) Limit on Unpaid Principal Ba.l&..:e; Required Full funthly Am:lunt Myuopaid principal l:a1an:e can never excee:! a maxinunaunmt equal to one b.m:lre:! ~ive percent (125%) of the principal am:JUnt I orig1nally lx:>rrowe:l, If my paying the fl1lDUnt of my tronthly pa)'llleDt after any Interest CL"iil" Date woold cause the unpaid principal balance to e&eed that maxi1Jun BIllOUOt at; any t::lme, I tIlJSt; pay iootead the Full M:mth1.y Alrouot as mytronthlypayment. until the neott Payment' Change Date. 6. CONVERSION TO FIXED RATE &~D PAYME~rrS (A) Right to Convert, I have the opt;ion, ptior to any PaYll"'nt Chanl,... Date, of con""rting this loan to a fi1<ed interest rat;e and fixai mothiy pa)llll"llt plan as pr<N1ded in this """t.ion, Once I have converted my loen, the interest rate and tre regu.lar llDnthly payIreru: will remin ~ for the rest; of the term of the loan. L (B) Rate and PaymenI: after ConveXBion. If I elect to ClXl'o'ert ~. loan, then the i:u:eres t rate for the rena.ining teJ;lll will . not e&eed the ''Fi1<ed Rate Index" plus :'., ; :'tletcenl:. The FL'led Rate Index is the net yiQld requiraner.x: of Federal National }k)rtlJ8&e AssOCrasml (l!NW.) fQr 6O-day mmlal:ory delivery of tl60I fi1<ed rate loars as such Fixed Rate Index is available ..reo t;he rate qUOCation referred to in p:tragraph 6(C)(2) lleJ.a.1 is osde. The new fi1<ed rate will be effective on tie next: Pa}'lllE!llL 0l81lge Date. The newfi1<ed payment SIJQ.II1t will be the BIllOUI1t wbich is su(fi.cient to repay the unpaid principal baJsnce of. my loan in full in substantially equal paymea:s by tre ...t:urity date. I will pay this new fixed. BIllOUI1t beginning on the first lIDItt:hly p!l}'lllE!llL date after the .Paymant Change Date on which I cooverted. (C) E>>arcise of Fi1<ed Rate Option. (1) lla;!quest for Q.lotation. If 18111 inl:erested. in converting ~ loan, I llIJSt notify the. rote holder, in writing, that I wish to have a fixed rate ani pa}'lllE!llL quote:! to me. I IllJSt send this request for quol:ation after I'E!Ceiving a Pa)'llleDt Change lttice urxler section 7 arxl at least 30 days before the Paymnt Change Date. (2) ~ion. >Om it receives ~ request for quotation, t;he note holder will send me a notice qooting the fi><ed rate and payment being affere:! ani the conversion fee 'ohich I will have to pay if I decide to convert. The conversion fee ",'ill rot exceed .. "percent of the unpaid principal ba.larr.e of the loan on the PaymenI: Change Date. The noce oolder will send this qUOCation at least 20 lut no mre than 30 days before the Payment' Change Date. (3) ~ ~tioo and Converting, If 1 wish to convert my loan at the fi1<ed rate and payment qooted to me, 1 llIJSt notify the note holder of my acceptlmCe in writing. Such notice llIJSt be received by the note Inlder at; least 15 days before thePaymenI: <hwge. Date andllllSt be ac~e:!by the conversion fee. (4) ~of 'l'i.lIIl Periods. If tl'e.. Paymant. Change Notice is not sent by the note holder at least 35 days before the ~ ~. Date, than each tu.e per'..od stated abo-.... sh9J.l be l'e:luced by five days. (D) l'~tion of ~ Option. If tl'e F':l.miIRatellXlBx ever ceases. l:o be publisho!! or osde aV>lllilble by rnw., or if fNMt\ ever Ctol8lIe8 qwting. &Jd pt.lt'cha$1~ ~ 10ll.llll. on tIle basis nor.; reflected by the Fi:>o:>d Rate Ind<lx, theu tlUa ~ option shall te'Cllll.oate arxi this section 6 sh9J.l cease to have anyeffl!Ct, Hoooever, 1.f~ tl!/lt 1:.1me;, I have. alrea:ly accepted " qUOCatioo an:l c-ilillletted my lean, such terndn..Uon ",ill not af~t ..., !1Y ftmd rata. and. payment ..ill, in that ewnt, remnfn in full force am eff"",.!:.