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G. BORROWER'S OPTION TO CONVERT
Borrower may, at Borrower's option, modify the repayment terms of the indebtedness secured hereby on the first Change
Date. At that time, Borrower may convert the Adjustable Rate Loan evidenad by the Note into a fixed interest rate loan to
be fully repaid in cqual monthty payments of principal and interest over the remaining term of the loan.
H. I.ENDER'S NOTICE TO BORROWEit
Lxnder's "Notice of Changes" to Borrower pursuant to paragraph 4(E) of the Note given prior to the first Change Date
shall also contain the fotlowing additional information pertaining to Borrower's option ~o convert:
(i) the Pixed interest rate payable by Borrower if Borrower converts into a fixal interest rate loan;
(ii) 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 Borrowe~ must execute and deliver to Lender
a document in the form required by L.ender evidencing the modification of the Note to provide a fixed interest rate.
1. SELEGTION OF FIXED 1NTERFST RATE AND MONTHLY PAYMENT ADJUSTMENT
L,ender 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 mor~gages available 45 days prior to the
first Change Date plus three-eighths of one percent (.375%). tf no such Required Net Yield is availabie. Lender will deter-
mine the fixed interest rate by using a comparable figure. The new fixed interest rate will become effective on 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 wil( be the amount that is necessary to repay in full the principal Borrower is expected to owe
on tht Change Date in substantialty equal payments by the maturity date at the ~xed interest rate.
J. BORROWER'S ELEGTIUN NOT TO CONVERT
Borrower must execute and deliver to Lender the dacument evidencing the modification of the Note within the period set in
Lender's notice as provided in paragraph H above. If Borrower dces not do this within the specified date, Borrower can no
longer exercise the option to convert. [nthis case, the terms of Borrower's Note wil! continue in effect without any change.
K. EFFEGTiYENESS OF PROVIS[O~1S
tJpon Borrower's delivery of the executed modification to the Note, paragraph A above shall cease to be ef~ective.
I1 WITti~tiS N'Nk:Rt:OF. Borrower has e t 'ble AR~ Rede .
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nneth~ Benzanha~ , Pre dent '`u:'~j....B~Fj~~'. l~;~ y~-
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Georg Ha del, Vice President =;';~.F`~ -Ro~~ i
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, -Borjower
(Sign Original bnly)
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ROGER PCit° .~~K~
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