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_ © -i.a M _ J I,It t _ovarnt tp exercise the Conversion_Option, I must first meet certain conditions. Those conditions are that: (I) I roust give the Note Holder notice that 1 want to do so; (ii) on the` Conversion Date, I must not be In default under tiie Note or the Security Imminent; (Iii) by a date spedfied by theNote Holder, I must pay the Note Holder a conversion- , ` fee of U.S. S 250.00 ; and (iv) I must sign and give the Note Holder any documents the Note Holder requires to effect the conversion. ` Catcall 11" of Ifl a iliate fe) My new, fixed interest -rite will be equal to the Federal National Mortgage Association's required net yield as , reo vy [t- __de.T-foir T. lam-`` f� b xta a yr - Wyear fixed fate mengaaes covered by .applicable 6 4*y mandatory delivery commitments, plus five - eighths of. one percentage point (0.62500). rounded to the nearest one - eighth of one percentage point (0.12S%). or(ii) if the original tern or this Note h IS years or, leas. -15•year fixed rate mortgaScs covered by applicable 60-day mandatory delivery commitments, plus five- eighthsof ottepercentage point (0.52S%), rounded to the nearest ene- eighthof one percentage point (0.12511). If this required net yield cannot be determined- because the applicable commitments are not available, the Note -Holder will determine my interest rate by using comparable information. My new rate calculated under this Section S(8) will not be greater than the•Maximum Rate stated in Section 4(D) above. (tC) New ftlmN Anwamt all Effective Date jr.1 choose to exercise the Conversion Option, the Note Holder will determine the amount of the monthly payment that wouid be sufficient to repay the .uid principal I am expected to owe on the Conversion Date in full on the maturity date at my new fixed interest rate in substantially equal payments. The result of this calculation will be the new ► amount of my monthly payment. Beginning with my first monthly payment after the Conversion Date. I will pay the new amount as my monthly payment until the maturity date. C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST iN BORROWER' 1. Untii Borrower exercises the Conversion Option under the conditions stated in Section B of this Adjustable Rate Rider, Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest In Borrower is sold or transferred and Borrower is not a natural • — __person) without - Lender's- prior - written consent,-Lender-may, at its option, _require -immediate-payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan . were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security instrument is acceptable to Lender. To the extent permitted by applicable law, Lender.may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security . ' Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. ! ' If Lender exercises the option to require immediate payment in full, Lender shalt give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. if Borrower fails to pay these sums' ` prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 2. if Borrower exercises the Conversion Option under the conditions stated in Section B of this Adjustable Rate in Section C I above shall then : 4F Rider, the amendment to Uniform Covenant 17 of the Security Instrument contained cease to be in effect, and the provisions of Uniform Covenant 17 of the Security instrument shall instead be in effect, as follows: Tanner of rite Property or to Beneficial Interest to Borrower. If all or any pan of the Property or any interest in it is sold or transferred (or if a Qenefidal interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. BY SiGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate Rider. (Seal) Borroer g �..._ ��'r i �,. ��, ��• �rE, ?��. (Seal) row ° (Seal) • _ - - BLTrr014[t x... .. • tihfff• :air