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<br />(B)Anount of Q[tA:ylp~nts
<br />My llDnthly pay1ll!nt will be in the am:luntofu.s.$ 411,78 . . The Notl'Holderwillcban&e
<br />1W nonthly pa.yuent a<; reql)ired by Section 4(C) belGl on the 6th Inten1"t Changl! !)lII:l'~ onthatda,y
<br />l'Vety 36th JIDnth thereafter. Each of tlEseretes:isca1Jed 'I'i'aynentChange DlII:e.I'~~cjtelkllrliar
<br />will.a1so~II!\" JIDOthly. paynent on 'IllY' Interest. Change . Date','if.Sectiah5(B). ~ n!qti:Lr,;,;1II!ita'
<br />pay .tIll' Full MOnthly Am:loJnt' '.
<br />
<br />(C)OOci1latimofMbntlUYPayuent~ ..... ....... ................ ..:.i',':,."
<br />Befote eachPaynent CIlarigl!Date; . .ili!Note Holder wl.11 Clll.ailate'l "",,~thlY ~l!Uf(i<';i<irJt;
<br />to rE!P6.Y the unpaid principalba1.ance an1W loan in full an the nsturlty <late at t~P~ . .
<br />sua;tJmt:iallyequal paynents. The'i'ayuem:.\late":is .t;re9:'lllof,.tl1e 'f~.._
<br />Interest Change Dates prereeding a Pa.yuentChal1geI>atep1.ustheCtii:rent.. . ..dtvi~';W
<br />6 plus ... '. non. . pe~~ paints C 1.0011. . %), ra1llded tothe~t ~
<br />percent"8'! pOJ.Ilt lU.125%)'Except the j>'lynlel:ltratewill not exClled14,990%; . J(
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<br />(D) Borraoer's Right to L1ml.t ImthlyPaynent '.' .. . '" . .... ..... ;.. ._; ...;.';;,'
<br />Regardless af thepaynent am:lunt<XXIt'Utedin Section 4(C),.1W. rewfulthly ~nt;~aril:h(F
<br />first Payaent 01ange Date and an thePa.yuentChangeDateeadt s:lxthyearJ~ter~iricC;~';
<br />llDre than ??~ of the last JIDnthly paynentaonuntciJe;reEore such'paynent~j~;;~';
<br />1imI.tatioo <lOOS"not apply to PaynentChimg.fDates ocrorrlngClleachsixt)1ami".,~.of'tlU$l,"!lI"?r-:'
<br />to any IBjuireoent, at any tinE, to pay the Full Pa.yuent.Ann.mt under paragraph 5(B). . . .'. "
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<br />(E) Effective Date of Pa.yuent 01anges .' . ....:;..:.:.. .
<br />Until the mxt Pa.yuentChange Date, I will pay the ~t of1WlSi1llDllthlY~e,ach.iJI:ll:It;h
<br />beginning an the first nonthly paynent date after the PayaentChange Date,. orInterest-~1Jateif
<br />Section 5(B) be1G1 IBjuires ll2 to pay the Full Moothly Auoont. '. <:.;;;
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<br />5. UNPAID PRINCIPAL BALANCE
<br />(A) ~ in My Uq>aid Principal Balance . .' ........ ......;... .........;.
<br />My IlOnthly paynent coold be less than -m aonunt of the interest POrtion, oftll;!;f+.~t"FW.1
<br />Monthly Am:unt I 0;.., o!' less than the interest porrico of ... first full MOri!:hlYAnDmt:':'id:terari;'
<br />Interest Change Date. If so, the Note Ro1der 'Ni:l sutr' 'U tb ..nDlnt of1WllDnthlY~';fttlrn.~.
<br />annmt of interest I a;e and will add the difference t i1IJ unpaid principal 1:aJimceeacl:l"~)JIltil,
<br />ehe next Interest C'nange D&e. ire Note Holder will also add interest en the anDliltOfithil;'
<br />difference to ~ ~ prlncipal 1:aJimce eadt IIOnth. Until the next Interest Chang,<! Date.wlJel3.; ~o
<br />Note Holder deteImines IlV rew interest rate en 0 IlV then unpaid principal balance, theint~t tate en'
<br />the interest added to principal will be the tate determined in Section 2 abo~. "
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<br />My DDm:hly paynent coold be IIOre than the anoont of the Full Moothly Auoont. lf8t1, the:Note
<br />Holder will sulXract the difference fran the unpaid principal 1:aJimce of nyloan eachnnnth:lJIltfl.the
<br />next Interest Olange Date as if I had 0IIde a partial prepaymmt under Section. 8 below.
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<br />(8) L1ml.t an Uq>aid Prtndpal Balance; Required Full Manthly A1Inmt
<br />My unpaid principal balance can ~r e>o:eed a naxilllllD anwnt equal to roe IuOOred tweIii:y-fi \Ie
<br />percent. (125%) of the princ1pa.l. anwnt I origltl<lllY borra;ed. If IlVpaying. .,.t:helJllWnt. of1W.,1Itlnt.... o. hl:.' '..Y
<br />payuent after any Interest ~ Date wwld C&.Ise the uq>aidprlncipal ba.1anreto e:Kceed that
<br />maxlJIl:IIllJllWnt at any ti!m, I nust pay imtead the Full Monthly Annmt as 1W nnnthly payuenttmtil
<br />the rex!: Payment ~ Date.
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<br />6. CONVERSION TO FIXED RATE AND PAYMENTS
<br />(A) Right to Convert.
<br />I l'><r<e the q>tion, prior to any PayImOC ~ Date, of OXl'\ierting tllis lClln to >1 fi.'<I!dinte..-est
<br />rate an! fbEd nonthl:j payll'e11l: plan as provided in this section. Once I ha~ ClXI~rted 1W loan, the
<br />interest rate an! the re&Ular IlDnthly pe.ylI2nt will ret1Bin I.1IlC:hansed for the rest of the term of the
<br />lasn.
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<br />(B) Rate an! Payuent after Conversion.
<br />If I elect to COll\lI!rt IlV loan, then the interest rate for the reIlSining tenn will not e1lCeed
<br />the ''PiJed Rate Index" p~, 7 ~Gpe. rcent. The FbEd Rate Index :is the .net yiWl IB!uirell!mt of
<br />Federal NaUonal ~ . at on (Rti\.) for 6O-day ...matoty dell~ty of rew fbEd rate 10ans as
<br />sudt FUed Rate Index :is available .nm the rate quotatiQl referred to in ~ 6(C)(Z)be1<:w :is
<br />l1IIlde. The '- fiJaed rate will be effecti~ co the mxt Paynent Change Date. The new filed paynent
<br />annmt will be the aIIDJnt ..w.dt is sufficient to repay the unpaid principal. balsnce of IlV 10an in
<br />full in sua;tantially equal JlBYIlIi!llts by the IlBturlty rete. I will pay this new filed anoont
<br />~ on the first lIDnthly payuent rete after the P~t 0laP.jJ! Date 00 which I con-..erred.
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<br />(C) Elerc:ise of FiJed Rate Option.
<br />(1) Reqcest for ~at!on.
<br />If I am interested in CQ1~rtingllV loan, I lIllSt notify the note oolder, in writing, that I
<br />wish to ha~ a fiJaed rate and paytmnt quoted to !Ill. I nust seW. this request for quotation after
<br />receiving a Payment ~ NQtice under section 7 an! at: least 30 days before the Payuent ~
<br />Date.
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<br />(2) ~atico.
<br />Wbln it receileS IlV request for quotation, the note oolder will seW. ll2 a notice quoting
<br />the fbEd rate an! paynent bei!ll offered an! the con~rsico fE!e which 1 will ha\\< to pay if I decide
<br />to an~tt. The O)[IIlersico f<>e ..-ill roc exceed 2, non peroant of the uq>aid principal balance of
<br />the loan 00 the Payaenc Olange Date. The note ~ serd this quotatioo at least 20 wt no
<br />!lDre than. 30 days before the Paynent ~ Date.
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<br />(3) Accepting Quccation and Comolrting.
<br />If I wish to COll\lI!rt IlV loan at the fUed rate an! paynent quoted to ll1!, I nust notify the
<br />'lOte ~ of nv acceptanoe in writing. Sudl notice !lUSt be recei \led by tn. note OOlder at least 15
<br />days beforethePayuent ~Date and DUSt be ac~ed by the ~rsion fee.
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<br />(4) ~of ThlePeriods.
<br />If the PlI}'lI8nt ~ Notice :is notsenl: by the note oo1derat least 35 da,ys before the
<br />Pl!JIlIIllt Olanaa Date, ~eadt tine period stated above shall be reduced by fiw. days.
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<br />(D) Tetllll.nat1on of Con\<i!rsion Option.
<br />1f the Fbed .Rate Inde" e\il!! r alaSeS to 00 \'.lbllst.ld or IlIlde available I7,r ~, or if jo1!K\ eve r
<br />ceases quoting an! purdta$i~ ltt)~ lam> <Xl the basis new refle~ed by t~ Fi><L>d Rate tndex, toon
<br />th1lI C:OO'\Ienrlttl q>t.I.on shall term111i)te ani this 1leCtloo b shall ~ to haw any ei feeL. Ha.e'"r,
<br />if by that. till8, 1 haw. alre<li:\y acoapted lIq\lOCetioo am OJIl'"'rtoo.~ loan, Sl1dt terminatJ,., w:ill not
<br />affect 118. My fbed rat.. ani p/1y1llilntwi.l1, in that ~~nt. renW.n in full f'>rce ,ll1d effect.
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