PART AT ANY TIME PRIOR TO A FORECLOSURE SALE OF
THE PROPERTY, AND IF AT THE TIME OF SUCH TENDER PREPAYMENT OF THE PRINCIPAL
BALANCE OF THE NOTE IS NOT PERMITTED BY THE NOTE OR THIS SECURITY INSTRUMENT,
BORROWER SHALL, IN ADDITION TO THE ENTIRE DEBT, ALSO PAY TO LENDER A SUM EQUAL
TO (A) ALL ACCRUED INTEREST ON THE NOTE AND ALL OTHER FEES, CHARGES AND SUMS DUE
AND PAYABLE HEREUNDER, (B) ALL COSTS AND EXPENSES IN CONNECTION WITH THE
ENFORCEMENT OF LENDER'S RIGHTS HEREUNDER, AND (C) A PREPAYMENT CHARGE (THE
"PREPAYMENT CHARGE") EQUAL TO THE GREATER OF (I) 1% OF THE PRINCIPAL AMOUNT
WHICH IS PREPAID AND (II) THE PRESENT VALUE OF A SERIES OF PAYMENTS EACH EQUAL
TO THE PAYMENT DIFFERENTIAL (AS HEREINAFTER DEFINED) AND PAYABLE ON EACH PAYMENT
DATE OVER THE REMAINING ORIGINAL TERM OF THE NOTE UNTIL THE PAYMENT DATE
OCCURRING SIX (6) MONTHS PRIOR TO THE MATURITY DATE, DISCOUNTED AT THE
REINVESTMENT YIELD (AS HEREINAFTER DEFINED) FOR THE NUMBER OF MONTHS REMAINING
AS OF THE DATE OF SUCH PREPAYMENT TO EACH SUCH PAYMENT DATE AND THE PAYMENT DATE
OCCURRING SIX (6) MONTHS PRIOR TO THE MATURITY DATE. THE TERM "PAYMENT
DIFFERENTIAL" SHALL MEAN AN AMOUNT EQUAL TO (I) THE INTEREST RATE LESS THE
REINVESTMENT YIELD, DIVIDED BY (II) TWELVE (12) AND MULTIPLIED BY (III) THE
PRINCIPAL AMOUNT AFTER APPLICATION OF THE CONSTANT MONTHLY PAYMENT DUE UNDER THE
NOTE ON THE DATE OF SUCH PREPAYMENT, PROVIDED THAT THE PAYMENT DIFFERENTIAL
SHALL IN NO EVENT BE LESS THAN ZERO. THE TERM "REINVESTMENT YIELD" SHALL MEAN AN
AMOUNT EQUAL TO THE LESSER OF (I) THE YIELD ON THE U.S. TREASURY ISSUE (PRIMARY
ISSUE) WITH A MATURITY DATE CLOSEST TO THE PAYMENT DATE OCCURRING SIX (6) MONTHS
PRIOR TO THE MATURITY DATE, OR (II) THE YIELD ON THE U.S. TREASURY ISSUE
(PRIMARY ISSUE) WITH A TERM EQUAL TO THE REMAINING AVERAGE LIFE OF THE
INDEBTEDNESS EVIDENCED BY THE NOTE, WITH EACH SUCH YIELD BEING BASED ON THE BID
PRICE FOR SUCH ISSUE AS PUBLISHED IN THE WALL STREET JOURNAL ON THE DATE THAT IS
FOURTEEN (14) DAYS PRIOR TO THE DATE OF SUCH PREPAYMENT SET FORTH IN THE NOTICE
OF PREPAYMENT (OR, IF SUCH BID PRICE IS NOT PUBLISHED ON THAT DATE, THE NEXT
PRECEDING DATE ON WHICH SUCH BID PRICE IS SO PUBLISHED) AND CONVERTED TO A
MONTHLY COMPOUNDED NOMINAL YIELD. FAILURE OF LENDER TO REQUIRE ANY OF THESE
PAYMENTS SHALL NOT CONSTITUTE A WAIVER OF THE RIGHT TO REQUIRE THE SAME IN THE
EVENT OF ANY SUBSEQUENT DEFAULT OR TO EXERCISE ANY OTHER REMEDY AVAILABLE TO
LENDER HEREUNDER, UNDER ANY OTHER LOAN DOCUMENT OR AT LAW OR IN EQUITY. IN THE
EVENT THAT ANY PREPAYMENT CHARGE IS DUE HEREUNDER, LENDER SHALL DELIVER TO
BORROWER A STATEMENT SETTING FORTH THE AMOUNT AND DETERMINATION OF THE
PREPAYMENT FEE, AND, PROVIDED THAT LENDER SHALL HAVE IN GOOD FAITH APPLIED THE
FORMULA DESCRIBED ABOVE, BORROWER SHALL NOT HAVE THE RIGHT TO CHALLENGE THE
CALCULATION OR THE METHOD OF CALCULATION SET