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r ~4 - 003657,; ; (B) Amount of Monthly Payrrents My DDnthly paynEnt will be in the anount of U.S. $ 480,78 . The Note Holder will change nw I1Pnthly paynent as required by Section 4(C) bel"" on the 6th Interest Change Date arxl on .that day every 36th uonth thereafter. Each of these dates is called a "Paynent Change Date." The Note'Holder will also ~ nw uonthly paynent on ar.; Interest Change Date if Section 5(B) bel"" requires ue'to pay the Full Monthly AnDunt. (C) Calculation of. Monthly Paynent Changes Before each Paynent Change Date, the Note Holder will calculate a tal uonthly payment sufficient to repay the unpaid principal balance on OW loan in full on the llBturity date at the Paynent Rate in substantially equal paynEnts. The ''Paynent Rate" is the sum of the Index figlres on the five Interest Change Dates preceeding a Paynent Change Date plus the Current Index, divided by the rontler 6 plus 3 .000 percentagi! points ( 3 .000 %), roonded to the 02areSt ore-eig)1th of ()OO percent~ poo.nt lU.125%). Except the paynEnt rate will rot exceP..d 14.990%. (D) Borraoer's Right to Liml.t Monthly Paynent Regardless of the paynEnt am:>unt con:puted in Section 4(C),nw taluonthly paynEnt am:>unt 00 the first Paynent Change Date arxl on the Paynent Change Date each sixth year thereafter will not increase DDre than 22.f) of the Jest uonthly paynEnt anountdue before such Paynent Change Date. This l1mi.tation aoesnot apply to Paynent Change Dates occurring on each sixth anniversax:y of this loan or to aI1Y requirenent, at aI1Y tinE, to pay the Full Paynent AmJunt under paragraph 5(B). (E) Effective Date of Paynent Changes Until the TJeld: Paynent Change Date, I will pay the amJUI1.t of OW tal DDnthly paynEnt each uonth beginning on the first mmthly paynEnt date after the Paynent Change Date, or Interest Change Date if Section 5(B) bel"" requires IlE to pay the Full Monthly AmJunt. 5. UNPAID PRINCIPAL BALANCE (A) Changes in My Unpaid Principal Balance My DDnthl Y paynEnt coold be Jess than the am:>unt of the interest portion of the first Full Monthly Annmt I aoe or less than the interest portion of OW first full Monthly Annml:' after an Interest Change Date. If so, the Note Holder will subtract the am:>unt of OW l1Pnt:hly paynEnt fran the a=.mt of interest I a;e and will add the difference to IlV 1.11'lMi.d principal balanceeachnonthuntil the TJeld: Interest Change Date. The Note Holder ,1i1J. als0 : Jd interest 00 the a1lDlInt.. of' this difference to nw unpaid principal balance each ="', Until the next Interest Change Date when the Note Holder detennires TI!i' tal interest rate an TI!i' ttl<m unpaid principal balance, tie interest..rate 00 the interest added to principal will be the rate determined in Section 2 above. My DDnthly paynEnt coold be T:lre than the am:>unt of the Full Monthly. AmluIu:. If so, the Note Holder will subtract the difference from the unpaid principal balance of. OW loan each DDnth until. the next Interest Change Date as if I had tJEde a partial prepaynent under Section 8 be.l.crJ. (B) Limit on Unpaid Principal Balance; Required Full Monthly AnDunt My unPaid principal ba1ance can never exceed a neximnn a1lDlInt equal to cue tundred twenty-fi'le percent (125%) of the principal annmt I origl.IJally borraoed. If TI!i' (laying the am:untof TI!i' 1IllI1l:hly paynEnt after aI1Y Interest Change Date =lId cause the unpaid pnncipill balance to eXceed.t\1iit maximJm anwnt at aI1Y tinE, I IIlJSt pay instead the Full Monthly Annml: as nv DDnthly payDEnt until the TJeld: Paynent Change Date. 6. CONVERSION TO FIXED RATE AND PAYMENTS (A) Right to Convert. I have the option, prior to aI1Y Paynent Change Date, of converting this loan to a fbled interest rate arxl fiJa:! lIDnthly paynent plan as provided in this section. Once I have convertednv loan, the interest rate and the regular uonthly paynEnt. will renein unchanged for the rest of the term of the loan. (B) Rate an::! Paynent after Conversion. If I elect to convert ~ ~, then tie interest rate for the rermining termwillnol:. exceed. the "Fil<ed Rate Index" plus ~rcent. The Fixed Rate Index is the net yield requirene:nt 01;, Federal National Mortgage AssoC1at~on (~) for 6O-day mmlatory delivery of new fil<ed rate loans as such Fixed Rate Index is available when the rate quotation referred to in paragraph 6(C)(2) bel"" is nade. The new fil<ed rate will be effective on the TJeld: Paynent Change Date. The ra<. fil<ed payme\1lO annmt will te the anwnt whid! is sufficient to repay the unpaid principal balance. of nv loan. in full in substantially equal paynEnts by the llBturity date. I will pay this new fil<ed arivunt begirming on the first DDnthly paynent date after the Pa:ynent Change Date on which I converted. (C) Emrcise of Fixed Rate Option. (1) Request for Quotation. If I am interested in converting ny loan, I IIDst nol:ify the note holder, in writing, that I wish to have a fiJa:! rate an::! paynent quoted to lIe. 1 IIDSt sem this request for quotation after receiving a Paynent: Change Notice under section 7 an::! at least 30 days before the Paynent: Change Date. l (2) Quotation. When it receives ny request for quotation, the note holder will send lie a notice quoting the fiJa:! rate an::! paynent: being offered an::! the conversion fee which I will have to pay if I decide to convert. The conversion fee will not exceed 2 ,OOOpercent of the unpaid principal balance of the loan on the Pa:ynent Change Date. The note hoTcle'fWill sem this quotation at least 20 tut no nore than 30 days before the Paynent Change Date. (3) kcepting Quotation and Converting. If I wish to convert OW loan at the fbled rate an::! paynEnt: quoted to !Ie, I 1IUSt notify the note holder of OW acceptance in writing. Such notice 1IUSt be recei ued by the note holder at least 15 days before the. Paynent. Change Date an::! 1IUSt. be acconpanied by the conversion fee. (4) Re<iuctioo of TinE Periods. If the PayneI\t Change Notice is not sent by the note holder at least 35 days before the ?a:ynent Change Date, then each tinE perim stated above shall be reduced by five days. (D) Tennination of Conversion Option. If the Fixed Rate Index ever ceases to be ""blished or nade available by 1'1'<'11\, or if FNMA ever ceases quoting an::! purchasing lIllrtl$!l!J' loars on the l:esis now reflected by the Fb12d Rate Index, then this conversion option. shall terminate an::! thIs section 6 shall cease to ha", any effect. HeM",,,,,r, if by thattiJre, I have already accepted a quotation an::! cou'-"!rted nv loan, sud! termination win not affect tIE. My fixed rate an::! paym:mt will, in that e'Rnt, renain in full force and effect.