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<br /> day d►nt I notify the Note Hnld�r of my election to excrcice the Conditional Modification and Eatension Optinn.
<br /> !f this required net yield is not availeble, the Note Holder will determine the Modified Note Rate by uslag
<br /> comparablc infarnwfon.
<br /> 4. (:ALC�lI.A'�`IP1G'TgiF.NF:W PAYMENT At�iOUN'I' .
<br /> Provided the Modifia! Nate Rato as calculated ln Section 3 above is not greater than S percentage points
<br /> abavo die Noto Rate and all othet cor.ditlons tequlrecl in Secdon 2 above are satisfied, the Note Holder will -
<br /> determina the amount af the monthly paymeat that wiil be aufficient to repay in fu.tl(a)the unpaid principal,plus
<br /> (b)accrued but unpaid interest, plus (c)all other sums 1 will owe under the Nore an�l Secur3ty Instrument on tho
<br /> Note Maturlty Date(assuming my cnunthly paymen.ts thea are curnat. as rcquired under Secaan 2 above), over
<br /> the remaining extendod term at the Modlfied Note Rate in equal monthly paymente.Thc re.sult o5 this calculation
<br /> will be the new anwune of my principal and interest payment evcry month until t�r.e�Iote Is�'uily}�ai�.
<br /> 5. EXEItCISIl�TG TI�E;CONDITIQNAL MOAIFICATION AND EXTENS�bQ�N UPI3tdN
<br /> The Nate Holder wiq natify me at lcast 60 csilendar days in advance of tt:�a Note Matura4y I2ate and flclvise
<br /> me of thc pri�►clpal, accnxed but unpaid inurest, and all ather sums 1 am eapecse�f to owe on �he Note Maturity
<br /> Datc.7'he Eaot•e 2rtolder also will advise me that I may exercise the ConditFonal Modlfication and fixtenslan Option
<br /> if the cancS%tiuns in Sectton 2 abova ar� met. The Note Holder will providc sny gayment record information,
<br /> together wxth the name,ticic sand addnss of the person representing the Note Holcl�r that I must notify in order to
<br /> exercise tlie C.oaditional Modificatiak as!d Extension Option. lf I mcet the r,��tic3itions of Scction 2 abave, 1 may
<br /> exen:ise the Conditionnl ModiBcation na�Extension Updon by notiPying the Note Hulder no earller than 60
<br /> calondax days and no later than 45 calen�►nr days prlar to the Nute Maturlry Date.The Note Holder will calculate
<br /> the fi�ed fu�odified Note Ratc based upon the Pedernl Home Loan Mortgage Catporatiaa's a�►plicable published
<br /> required net yteld in effext on tha date and ame of day notincaiion ie, i��,�o�i �� i:�a :::..c :=al8ar «�,� °.�
<br /> calculutod in Soctlon 3 above.l will then have 30 cale�ar days to pmvide the Note Holder with ac.eeptable pxoof
<br /> of my required awnership,occupancy and property lien status. S�eSare tha Note Maturiry Data the Note Holder
<br />- will advIse me of the new intcrest rAte(the ModiC�ed Note Rate), new monthly payment amount and a date, time
<br /> and place xt which I nnu�c appear ro sign any dceuments requlred to complete the rCquiral Nota Rato modlfication
<br /> and Notc Maturiry Da,te e:ctcusion. I underatand the Note Holder will churge ma a 3250.00 proccssing fa a�id tha
<br /> costs associacod with tlse e:cetclso of tho Condittonal ModiCcation aud Extensiou Opt�on,including but nat 1'mited
<br /> ta We cost e��updating tke title insurancc policy.
<br /> BY SIONIN�BELOW. Bonower accepts and agrees to the ternu and covenarsts conuur�d in this Balloon
<br /> Rider. • '
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<br /> � Llora 1t'CArtwright -Sorcower
<br /> (SC3t)
<br /> -BorroWer
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<br /> -Borrower
<br /> (Sign Origlna!Onty)
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