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G. BORROV4'F:R'S OP'I'!ON TO CONVERT
BorroH~er ma~~, at Borrower's option, modify the repayment terms o~ the indebtedness secured hereby on the first Change
Uate. At that time, BorroH~er niay com~ert the Adjustable Rate Loan evidenced by the Note into a tixed interest rate loan to
be full}~ repaid in equal monthly payments of principal and interest over the remaining term of the loan.
H. LF.NDER'S NOTICE TO BORROVM'F:R
I.ender's •'Notice of Changes" to BorroH~er pursuant to paragra~h 4(E) of the Note given prior to the first Change Date
shall also rontain the following additional informatian pertaining to Borrower's option to convert:
(i) the fixed interest rate payable'by Borro~~~er if Borrower com~erts ~nto a fixed interest rate loan;
(ii) the amount of BorroH~er's ne~~• monthly payment at the fixed rate of interest; and
(iii) a date, not more than 15 days from the date the noti~e i~ given, b}• ~~~hirh BorroH~er must execute and deliver to Lender
a document in thc form required by Lender e~~iden~ing the mocfitiration oi~ the Note to pro~•ide a f~xed interest rate. i
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1. SELECTtOti OF F'IXED ItiTF:RFST RATE AVU M01THl.l' NAl'MH:tiT At)Jt?STMFtiT
Lender shall set the tixed rate of intere,t pa~~able b~~ Borro~+~er at a rate identiral to thc sum of the Federal Home Loan Mort-
gage Corporation's Rcquired Net Yield lor 60-da~~ deli~ery of 30 }ear, fixed rate mortgages a~~ailable 45 days prior t~ the
tirst Change Da[e plus thrt~c-eighthti ot one ~errent 1.375° o). I! no such Keyuired Ne[ Y ieiu i~ a~aiianie, i_ender will deter-
mine the fixed interest ra.e b~~ using a comparable tigurr. The ne«~ fixed interrst rate ~~ill be~ome eff~erti~~e on the first
Changr Date if [3e~rro~~er rhou~eti tu :~~nrert tu a ti~ecl intere.t ratc.
Borro~~~er's monthly payments at the ne~~~ ti~ed interest rate ~.iii begin as ot~thc st n~u~~iiii~ Eia~ru~r~t a~ce~ c~ rt C~ar~~.~
Date. The monthh~ pa~•ment ill be the amount that is ne~c~sar~~ to re~a~~ in full the ~rinripal Borrower is expected to owe
on the Change Date in substantiall~~ equal pa~~ment~ b~~ the maturit~• date at the iixed interest rate.
J. BORROWE:R'S ELECTIO\ 10T TO CO\~'ERT
E3orrow~er must execute and deli~~e? to l.ender thc dcxument e~ iden~ing the moditiration of the Note ~~~ithin the period set in
Lender's notice as pro~•ided in paragraph H aho~e. If Borro~+er does not do this ~~ithin the s}x~itied date, Borro~~er ran no
loneer exercise the option to com~ert. In thiti ra~e, the term~ ol Borro~~~er'; Note ~~ill rontinue ir, efi'ert ~sithuut any rhange.
K. EFFECTIVE`E:.~S Ot~ PROVI~10\1
U~wn Sorro~~er', deli~er~ of the e~e~uted mu.iilirati~~n tu the tiute, ~araera~h A ah~~~e tihall rea~e to he eff~titi~e_
I~ ~11r~t~~ ~ti nt kf ~?f. BorroHer ha, e~ecuted Ihi~ ('omertible AR!~f Rider.
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{ ROBE . LICKTE~ -eorrower
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~ JEANNE L. L TEIG -6orrower
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. IScal)
~ -Borrower
~ ISign Ongrna! Only) ;
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