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G. BORROWBR'S OPTION '!~O CONVERT ~
Borrower may, at Borrower's option, modify the repayment terms of the indebtedness socured hereby on the first Change
Date. At that time, Borrov?•er may convert the Adjustabk Rate Loan evidenoed by the Note into a fixed intaest rate loan to
bc fuliy repaid in oqual monthly payments of principal and intaest over the remaining tecm of the loan.
H. LENDER'S NOTICE TO 80RROWER
Lender's "Notice of Changes" to Borrower pursuant to paragraph 4(E) of thr Note given prior to the first Change Date ~
shall also contaun the following additional information pertaining to Borrower's option to oonvert:
(i) the fuced interest rate•payable by Borrower if Borrower converts into a fixed interast rate loan;
(u) the amount of Borrower's new monthly payment at the fixed rate of interest; and
(iii) a date. not more than 1 S days from the date the notice is given, by which Bonower must execute and deGver to Lender
a docuntent in the form required by Lender evidencing the modification of the Note to provide a fixed intercst rate.
i. SELF~CI'lON OF FlXED INTEREST RATE AND MONTHLY PAYMENT ADJUSTMENT
Lender shall set the fixed rate of interest payable by Borrower at a rate identical to the sum of the Federal Home Loan Mort-
gage Corporation's Required Net Yield for 60-day delivery of 30 year, fixed rate mortgages available 45 days prior to the
first Change Date plus three-eighths of one percent (.375~i). If no such Required Net Yield is available. Lender will dtter-
mine the fixed interest rate by using a comparable figure. The new fixed interest rate will baome effective oa the first
Change Date if Borrower chooses to convert to a fixed interest rate.
Borrower's monthly payments at the new fixed interest rate will begin as of the first monthly payment after the first Change
Date. The monthly payment will be the amount that is nece.csary to repay in full the principal Borrower is exp~cted to owe
on the Change Date in substantially equal payments by the maturi~y date at the fixed interest rate. ~
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J. BOItROWER'S ELECTION NOT TO CONVER'I'
Borcower must execute and deliver to Lender the document evidencing the modification of the Note within the period set in
Lender's notice az provided in paragraph H above. If Borrower dces not do this within the specified date, Bonower can no
longer exercise the option to rnnvert. In this case, the terms of Bonower's Note will continue in effect without any change.
K. F.FFF(,TIVENESS OF PROV[SIONS ~
Upon Borcower's delivery of the executed modification to the Note, paragraph A above shal! cease to be effective.
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~ IN WRNESS WHERFAF. BoROwer h~ executed this Convertibk ARM Rider.
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FILEO ~t~:, ~2EC_, . . .
~ ROGER PO~Th:A~: ~tERK Sandra M. Lenard -so~~owe~ _
ST. LUCIE COUN : Fl•
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(Sign Original Only)
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