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BORROH'ER'ti OP"TION TO CON~'ERT
E3orro~~er may, at Borro~~er's optiun, mociif~y the repayment terms of the indebtc~ines~ se~ured hereby on the first Change
Date. At that time, E3orroH~er may ~om~ert the Adjustabfe Rate Luan evidenreci by the Note into a tixecl interest rate loan ~o
be iulh~ repaid in equal monthh• pay~ments ot principal and interest o~er the remaining term of the loan.
H. LEVUER'ti 10TICF. TO BORRON'ER
Lcnder's "Noti~e of Changes" to t3urro~cer pursuant to paragraph 4(E:) of the Note gi~~en prior to the tirst Change Uate -
,hall alsi~ rontain rhe follo~~ing additional information ~rtaining ta Borroti~er's option to convert:
li) the ti~ed interest rate pa~~able by Borro~~er it' f3orro~i•er converts into a fixed interest rate luan;
(ii) the amount of Borrow•er's ne~+~ monthly ~ayment at the iixed rate ot interc~t; and
I iii) a ~1ate, not more than I S da~ s frotn the date the nc~ti~c i~ gi~en, b~ ~+hirh l3orro~~er mu~t rxerute and deliver to Lender
a dckument in the furm reyuired h}~ Lrnder e~ i~ien~in~ the nu~dili~ation ot the Note t~> prc~vide a iixed intere~t rate.
1. SFI.ECT10\ OH~ FI\ED 11i F:RF:~T RATE Atil) MOti"fHLti~ PAl'111~:tiT AI)JI~~TME\T
l~nder shalf set the tixed raie ot interr,t ~a~ahle b~~ Borro~~er at a nite identi~al to the sum ot the Federal Home l.oan ~~tort-
~,a~e Cor~x~ration'~ Reyt~ireci Nrt 1'ielci fur f~U-da~~ ~leli~en ut 30 ~~ar, ti~rd rate mortgage~ a~~ailable dS c!a}•s prior to the
tirst Chan~e Date rlu, thr~~c-eitihth. ~~t une ~er~~nt 1.37~0'~). It nc~ tiu~h Reyuind Net 1'irld i, a~~ailable, t.ender ~~ill deter-
mine the ti~ed intere,t rate h~ u,inz a c~~m~~arable tigure. l~hr ne~~ li~rel inter~.t rate ~~ill become et~fe~ti~e on the first
(~hanee l)ate if Barr~~~~er :hcii~.r. tu r:~n~ert t~~ a ti~rd inter~tit rate. ~
l3orro~~er's monthh~ ~a~?nent~ a~ the ne~~ ti~ed intere,t rate ~vill begin a. ol the tir,t monthl~• ra~~ment atter the first Change
Date. The monthl~ ~a~•ment ~sill be the amount that i. nere~~an to re~a~ in full the ~rinri~al Burro~~rr iti ex~ted to owe
~m the Change Date in ,ub,[a~ztiall~ equai ~a~n~ent~ h~ the maturit~~ ~ate at the ti~ed intere,c rate.
J. BURRO~'1~ER'S ELF.(TIO\ \OT "I~U ('O\~'~:K7
fiurro~~er mu~t e~e~u,~ and eleli~er t~~ L~n:lrr ~he ciucument e~ idencing ~he nu?eliticati.~E~ ~if th~ Note ithin tt~r (ieriod ~et in
Lc nder's notire a. ~mcided i~i ~ara,~ra~h H ah~~~e. If Borru~~er due; not ~i~~ thi~ ~~ithin the .{~e~ified ciatr, f3urre~~~er can no
!unger exerrise the u~tiun to cun~~n. In thi~ ~a,~, th~ term, ~~C Burm~+er'. lute ~~ill ~~~ntinue in ~f te~t +~ithe~ut an~ change.
K. E:}~E~E('Tl~'~:\t:titi Ot' PRO~ ItilO\ti
l~x~n Burm~~~r',.1~l~~en ~~t thr c~r~ute~l ni~,,ii(i~atiun t~, thr ti~~t~. {~aratiraE,h ah~,lr .ii:ti! ~~a,~ tci he ~tfe~ti<<. ~
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I~ n~t.. ~itH~nF. Borri~Hrr ha, e~eculed 1hi~ Con~ertiMe AR'~1 Nider.
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Borror:er ~
; T LMADGE TOMLIN
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' IRGINIA TOMLIN
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Borrower
~ ~S~gn Origrnal On/y; '
~ LAURA PETTY
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~ MAY -2 P 3 ~30
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