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<br /> 1tI want tooaemisethe ComenlonOp�lon,1 must first mect certnin wndiHons.Those condidons aro that:(U i mnst
<br /> -- -- gltrothoNotoiloldcrnMke�hatlwanttodoso:(IUon�hoConvcrsionDaialmustnotbc(ndefnuliundcrtheNoteor�ha _
<br /> Secudty InstrnmenR pll)by n date spcci0ed by tho Nmo Iioldcr,I nms�pay tho No�o Ifoidcr u mnvcrslon fea of U.S.
<br /> S 300�OU t+�nd(iv)t must sign and givo iho No�o Holdcr nny documents�hc Note Holder 1�".iEx�aosa.
<br /> regultvstooffecttLoconvereinn. 4�t�N '�Y�f,A .
<br /> (D)CnlculnttaiotI+lxcdRatc �,3t ���
<br /> My new, fixed inleres�r�to wlll he eqnal m the Fcderal National Mortgagc Associntion's required net yielA ,�_��
<br /> ss o8 a dnto nnd Amo ot day a{�eclflcd Uy tho T�oto I�oldcr[or 0)if thc origlnal tcrm of�his Note is�rentar thnn IS �is,}_;4$ti-�a :
<br /> ycnrs,30•yanr fixed ra�c mortgogcs covcred 6y nppllcaLlo 60•dny mnndatory dellvery commitmcros,pius five� ��.�� '„
<br /> cighq�s of one.percemege point(O.b2S�k),rounded to�ho ncarest onaoighth ot one perceningc point(0.125�h),or t;$„��� �
<br /> Op 1f�he original tenn of thls Noto is IS ycnrs or Iess, IS•ycar fixed mte mortgnges covercd by npplfcnbie 60•dny �?'%'�;�;k����r;�i
<br /> mnnddtaty dell0ery cammltmanis,plus flvo•cighths of ona peceenmge poiN(0.625%), rounded to�he nenros� ����sl�?�4H;__
<br /> one•ei�hlh of onQ Qercemago point(0.12570).If this required net yiclJ amnm bo determined because�he applb ,�,yu, '
<br /> cnblp cpmmi�monfs rre not availa6le, Iho Noto Holdor wlll Aelermine 3ny iNCrest rntc by ustng compnrnblo ��o4���t�kJ ;
<br />= Inform�tlon.Mynewm�ecalculatedunderlhlsSection5(D)willnoibegrenterlhantheMnximumRalesmcedinScetion t=,�:„�}�tfx..-
<br /> 4(p)nba�c. MY INTEREBT RAT£ WYL4 NCV&R HF AREATER TNAN 10. 25o p&CtCENT. `�^;e+?�i�=;�.;j-'
<br /> �C tUr t°Te:.
<br /> (d)New;Pxyment Amount and Etfectivo Dnte t�' �
<br /> c a�,�(�;<lr ”
<br /> If 1 chodse ro exercise�he Com•erslon Option,the Nae Holder will dc�erminc�hc amount ot the momhly .pi.�
<br /> payment that woutd bc su(ficicnt to tcpay the unpaid principal 1 am axpectcd to o���e on thc Conversion Pa�e in ,,.�„: -
<br /> full on the maturity datc at my new rxcA intwest mic in subsiemielly equal payments.The rcsuh of ihis calcu- ���� e
<br /> latlon wlll bo ihe naw nmount of my munthly payment. Deginning with my firs�monthly paymcnt nfter�he �,,�tix�s,...
<br /> Comerslon Date,l will p:ry thu ne�v amoum es my momhly pnyment umil�hc Mamrity data �y=?,,f,,pF+ •
<br />'� C.TRANSFkROF'ffIEPROPP.RTYORAAINETICIALINTERESTINA0RR01YER �"S's�t�yxa��
<br />-- I,Un�it Dorrower exercises the Conversion Op�ion unAer �he condiilans s�ated in Senion II of tliis Ad'us�- !`"°^'�''�`-�_-��`��
<br /> ) .t,-•;r.;,,...,:
<br /> ablo Rme Rider,Unifotm Covenant 17 of�hu Secud�y lnsernmem is nmended to read as folluws: �;�tji u;�':�;-_
<br /> = 1Yiinster oHhe Ih•uperly or a Bencticlal lntxrest 3n 33m•rowcr.lf nll or nn �rt of the Pro rty or an intercsl '�'�-;y���"�.
<br /> _ r P• x r ;4..,,, ,,,_
<br /> In ibis sold or transferred(or i(a beneiicfal in[eres� in 8orrowcr is sold or uunsferred the 6orrower is not a :,;��c;;��`.-,�.�
<br /> = oat�ra:Yer.on)•r.11hout!:�dC[?�ri^r wrif�en conscrtt.3.en;lcr may,at its option,rcquire (mmedime paymem in Y it; _
<br /> = full of all sums secured by this Security Instramer.t.Maa•ever.�his opiion shall noi be exercised by Lender if J;'s yg
<br />'- exetcise is proh@Ited by kderal Imv as of�he daae d:;+is Srceriiy Insuument.Lender elso shall not excrcise tlds �},��k')•�•��>=�-
<br /> I 5�5°i�::_..
<br />- opUon IC(a)IIorro��•er causes to be submiucd to 3.crtdar informa�ion requiced by l.cnder to evaluata the intendcd i�k����`,.,,,.,.
<br /> uansfcrcc as if n new lonn wcrc being mndc ta�he transfcrcc;and(b)Lea�:drr rcasonably deizme:zes ihat Lend• �`4;,;y,,:
<br /> - er's security wlll not be impalred by the loan asswnp�ion xnd �hnt thr risk of n hreach of any covenant or ""���`t _
<br /> - ngmement in this Sewrity Insirument is,ccep�abla to Lender. �
<br /> t j�t4S�s�:
<br /> To the extend permi�eed by npplicable lau,l.ender mny charge n rensonable fee,s n condi�iou m Lender's :�(�;�'�ri .:
<br />'- � consent lo ihc loan assump�lon.Lendcr olso ma} requlrc�he vans(erce to sign on assumpilon,ger<mtnt ihat is ;;,?,.�4. ,._,
<br /> - ncccptablc to Lendcr and�hat oblfga�es�hc trnn�irrce to kcep nll the promises and agrecments m,dc in�he Note t:l";!�f.'�"�'-�.
<br /> = und in this Sewflty Instrument.fiorrower will cominue ro he obligated under the Ivote nnd�his Securiry Ins�no- ;`r,iht�Y""�
<br />- ment unlcss lendcr relaases 6orrower in writing. %;Yi3++�:��s°.__��
<br />�(� �id::f;��2 C`n-;_.
<br />-.� If Lcndcr execelses the optlon to requirc im�acdia�c pa��men�in full. Lender shall gire Dorror.cr nn�ice ot i»;�,,<<�;_.....
<br />��; actcleration.The no:i�.shall provide a parinA os not less than 30 An�s d�om�he date�ha notice is dclivered or {�y. �r� _._
<br /> maflad aithin which Uorwwer mnst pny nll sums secureJ by this Sewri�g in>trumem. If Dorrower faiis�o'�g �° �� ��,�
<br /> these>umc pdor to the expiratinn ot ihis period, Lender may invoAe any rrmcdies permiued b��this Sceuri¢c 4 '� `�s':�
<br /> - Instrumenl without furlhct noticc ordemand on 6orrowtir. �'��;t
<br /> 2. If 6orrower exerclses the Com•ersion 6�tinn under the cmiditions sia:ed in Seciion B oC�hi�Adjusmble .-'e++r a '
<br /> �„j sN.-<
<br /> ` Rute R(der,�he nmendment of Unifonn Corenan� 17 of the Securi�y Instrument con�ained in Sectiin C I aboee .,es'::�s;;:
<br /> • shnll �hen cease �o be in effecL and�hc ru�is�ons of Uniform Covennnt 17 of the Securit Imtrumtnt shall ��7'iJ`,_'�:��9�-
<br /> _ p Y �.,, _
<br /> (nstead Uc in cffcct,as(ollows: �-�' sT '�� �--
<br /> - 1Ynnsferof the Property or a Qencficial lmerest In Oarrox�en If nll or any part of thc Propeny or any imerr,� 'fjt`i i,_,,;-�t_;,.:
<br /> In iI is sold or vansferred(or if a henefiei�l ine-res�in Uorrmcer is�old or�mnsferred and Rnrrm�er is not a :_f�-'-�S;;c�,�
<br /> , nalural person)wilhom Lendcri prior w'riuen::ncenL Lendar may. m in np�ion,rcquire inunedia�e paymem in -`�s�5�5 :.-
<br /> - tull of all swns sewred by thi�Se.uriq In.unmeN. Ho��-ecer.�his optiun shall nr!'+:turcised M�Lendrr if ��,:._ . ,�...,,
<br />-- exercise i>p�ohibilcd Fy fedenl Ln�:�,nf ihe dz�e of�his Srcun�p Imvurccm. "•'�." ?_.;�y:_
<br /> �i': .
<br /> -° 1f Lender exerci�ea ihis option. Lender ��il' ei�e llarro��cr nntice of aacleratinn. �fht noiice sh�ll prmiJ. "-
<br /> ` a period of not lex>�h:c�30 days Gum ihe d.:ir�h: �mice i.Celicered or mailed�ci�hin w�hich Aorrm�rr mus�pay :`�:�};
<br /> = all sums secureA by ihfs Securiq•Insvumem. Ii Rmrm��rr faih to p�p�he e>um�p�ior �o�he ea��u.�iion of�his �'" :.-
<br />-- period.lend.r may im�oke an�•remedie�penmurJ bc�hi�Securit� I n.irumen���i�hnm fu�ther no�ire or demanJ ,Y���,��• �".
<br />-- on Borro,�er. %
<br /> ,.t.-
<br /> DY SIGNING �GLO\V. Rnrrn.�er acrept.:n:�agrct��n ihe�crm.aitd .�nenam>mntaineJ ir.�hn Adju.�able
<br />`-' Rale Ridce �
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