1304.02
On the Hybrid ARM Loan Conversion Date
Requirements
On the Hybrid ARM Conversion DateHybrid 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 BorrowerBorrowerPerson who is the obligor per the Note. must make the last regularly scheduled payment of P&IP&IPrincipal and interest for the fixed rate term.