On the Hybrid ARM Loan Conversion Date

Requirements

On the Hybrid ARM Conversion Date Hybrid ARM Conversion DateDate when the UPB of a Hybrid ARM Loan automatically converts from accruing at a fixed interest rate to accruing at an adjustable interest rate. , the Borrower BorrowerPerson who is the obligor per the Note. must make the last regularly scheduled payment of P&I P&IPrincipal and interest for the fixed rate term.