|
aJ'._,�
<br /> .;� . ��.� _.
<br /> y 'r�:. .�. ._ .._ , �
<br /> _.�r:�' �� � .�. .. , . ., h,.,, .. ,
<br /> �. . ;
<br /> _. - � � ,. � �: o s�taci��he C�w�on Opl�.l muq tira+�aeet cehaln condNloes.Thoae amdi�lo�t am�hfts�l) `••..
<br /> � 1��I�►e�Noh Hold�iwllo�11w 1 w�s�10 do�o:(i�1 on Ihe Coave��ioei D�Ie.l a+ua Not be in det�uN w�
<br /> tht Na�or tht srawily bwru�.ys�b!►.dM��tpe b��Mw�ittn.nd�ive 1h�t��orio No�der aay doeManeat �e: '
<br /> ta at V.s.s �t��oo ; � .1 _-
<br /> -- - —-- �Nots Hold�rqwtM to ef�ia die��enio�. �
<br /> . ,� l�) C�terl�lOM�t PIxM 1lu�� `
<br /> My ntw�ttxed taterpl ntt wi116e eqwl 10 the D'edtnl N��bnil Mpnaa{e A�socl�lton'a rcquked nN�ield�s
<br /> � ot�d�le�od Ilnw of d�fr�pecifkd br Iht No�e Holder for l�)if�be orl�tnal�erm ot Ihit Note h�re�tK Ilu�p IS y�an,
<br /> :�.�._.�.___� 0 34�ya�r flxe0 rate moritpta covered bp�I+MIcRbk 6o�d�y m�nd��ory dclivery cahniitmau��Mus ttve-eitl�fu of one
<br /> ly �xrcent�point(0.62SNr)��Oi11MIR'�lOIIIQ 11!/fdl OIIl�lIR�11M O�OII!�1lfCt111�se�wM�10.12S1i).or lii)If�he orl�in�1
<br /> • � tum of thtt Note b IS yan or IeYS. 1!•ye�r Axed nle moh�a covued bY�PAlkable 64day rtumdalory deUrtry
<br /> t'� commitmenl�,plus fiva-ei�hlhs of o�e perceM�te I���l�•�S�ll��undal�o t Iw ne�reit one�el�n�n or an����ae
<br /> � polnt(0.1239i).if this aquited net yteW annol be detennlned ber�use Ihe a�fieabk oammilmen��are nol awil�bk�
<br /> the Nate Holder will ddermine my interc�rnte by usin�comMrnble intorm��iou. My nrw n�e c+ikulatal unde�U�
<br /> - Sectbn?tsI+�II nol be��tc�U�an Ihe M�ximum R��e:I�led in S�cUun�tUl wb�va.
<br /> ICl N�w P�ZweN A��I�Nd Rlfeelire Dde
<br /> #f 1 rYaou loeure�e tlie C�anverslon Oplbn�the Na1e Holder wlll dete�nine t he amaunt of the monthly payment
<br />— 11u�t�ropW be p�tli�ient to tep�Y the�apwid pdndpal 1�m exQectal to owe oa the Converslon D�te In (uN on�ha
<br /> u�t�iq d�te�t sy a�+r 1'ixed i�tere:t rate in�bstu�ll�q�eqwi piYa�ent�.The rault of tht�c�lcul��lon Mill be the
<br />--�- new amount oP my maMMly p��ent.Bqinnin�wlth my first maetl�hr Wymeat �fter the Conveabn Date.i wlll
<br /> _ - p�Y the oeM►anount a iay a�oWb1Y P�Y�M andl tha m�ru�iqr d�te.
<br /> ' . C. TpANBE'Bit OF THB!ROlER7'Y OR A oENEFICIAL IN77�:i1��'IN BORROW ER
<br /> �� 1. Until Borrower acerd�a t4s Converilon Oplion under the condittona �uted i�Seclian B of tht�Adjuiuble
<br /> .�.
<br /> R�te Rider.Urdforn�Coveiunl 1'�ot Ihe Se¢u�i1Y Inslrnraeni is�mended�o ra�d a�s ialYa.�s:
<br /> '�� Tnwta ot Ihe PropoHr or� Be�eficid INlaal la Bonower.If all or pny paut of!he Propafy or any interat
<br /> in it Is mld or tnmferred(or U�benatici�l Interal in Borrower ia sold or�rAnsferrcd�ad Borror►+er is na �n��ural
<br /> _. � :;�:;?� peno�)without Lender'�prior w�itten consent. Lender auy.al its option.reqrl�e iirtuacdi��e p�yment in full oi�II
<br /> .,�• � sum�sa�urcd by thb Secu�tty Instroment.However�tht�op�io�shall not be exe�ched by Lender if exercise ta prohibiled
<br /> -- by federpl I�w as oi the d�te of lhis Seeu�tly Instrument. I.ender rlso:h�H nat exer�i�e thtt option if:(a) Barrower
<br /> cauies lo be�ubmitled to Lender infom►atlon required by Lender lo ev�luate the intended tnnaferee ae if� new loan
<br /> .- - ----;-�; _� were ixin�m�nie io ii�e ti�n�fet�:aad(b)�.e:sdrr:sasosu�ly s�ermEne��4�A Ir�nder'�ucurity wNl not ba impaircd
<br /> � �' `�,�p by the loan�sumMion�nd th�t Ihe rlsk oF�brach oi�ny coveraant or���ament ia tMs Security Instrument i�aocepteWe
<br /> ��r���s�%:;';;::
<br /> ,. . ,;;..�:;z;:;;;� , lo Londer.
<br /> :: ,:. . .., ;:. -.. ,��;�;::{��
<br /> _ �.:�.._.-..�,�:�,�,f,�l. To the extent permiUed by�ppNaible law.L.ender mey charQe�reason�ble�ee as�condiUon to Lender•�conunt
<br /> � � �'���'�y" � `��r}��''� to tha lopn usumption. Lender�Iso m�y requi�e�he transferee to aign+ui�saumptton narament thet te acceptablc
<br /> ���,. ���'�a��'�'��,� '�':'i I'..- to I.ender�nd th�t abUpta�he tnuufaee to keep rll the promisa and aaramenu m�de in the Note and in this Securky
<br />-:- `'�`��t;.�,?.<''r:`t!�. Imtrume�t.Bonower will contiaue to ba oWipted under the 2+�ose and thia Secudty Imtrurn�nt unla�Landet relea�e�
<br />_ . �i�-�•��. �a�a.: Horrowcr in w�it(nQ.
<br /> _� ��,•..��� .
<br /> "� �• If Lender exerctaa the option to require immedi�te payment in full. Lender ahpll �ive eorrower notice oi
<br /> •,���` "� �
<br /> r`.�''`it,�:: � - �ccelentlon.The notice ehvl provide�perlod of not las than 30 day:from thedate tha notice i:delivered or mAiled
<br />.+�- �'�'���"•� within wMch Borrower mu�t pay all ams secured by thii Security I�utrument.lf Borrower fail:ro pay�hae sum:
<br /> :. '.".�1:::�'i..r�xjl';
<br /> _'; . .:;,;{�•;: prior to the expiration of thi�perlod�Lender m�y Invoke any remedla permitted by thia Security In�trument without
<br /> d, . .�.u��:..�� • �;�'�; . iunher nodce or dem�nd on BorrowK.
<br />-" ��"' ` � � 2. If Borrower exerci�p the Conversion O�tio�under the condidons atated in Secdon 8 oi this AdJusuble R��e
<br /> •� � Ride�.the�mendment to Uniform Covenant 17 of Ih4 Secuiity Instrument conu in e d in Secl ion C I a bove a ha l l t hen �
<br /> �Kt�"�'� . � cease to be in effxt.�nd the provisiom of Unifotm Coveru+nt l9 of the Security In�trument shpll inuead be in efiat�
<br /> - �'" �s ro7lowa:
<br /> '„ : ;�` .�
<br /> '� `;`n' " Trnafer o(Ihe��opedr or� Beaeticld laleral la Bonower.li all or any part of the Properly or any interat
<br /> � `,.,� ..
<br /> ;�,ti��.;,ti ..,. . ,
<br /> .�-,.� :;��• �;-. � in it it wid or trana[erred(or if�beneficial interat in Borrower is:old ot IrAn�ferred and Borrower is not a natural _
<br /> �•�__. � person)without Lender'�prio�wri�ten consent.Lender may.at its option,requfre immediate payment in full of oll
<br /> .. �:��:,��::. '
<br /> .1.,�:,;;;., wm:acured by thls Security Insl�ament.However,this option ahall not be exercised by Lender if exerciae is prohibited
<br />`�°��� . � '.:��:��:��,:'..� by federd I�w as ot the date oi this Security In:�rument.
<br />��v � If Lenda exerci:ea thia optton.Lender shpll give Borrower notice of eccelera�lon.The notice shell provide a period '.
<br /> .�y�' �� r•�r'�'`-� of not las thpn 30 day:frum the date�he notice!s dellvered or ma!!ed wflhin wh9ch Bc+rrower must poy All sums
<br />- •7�;�':.', : .'1l�'',•,,.
<br /> s �...:��...�.. secured by tMis Secu�ity Imtrumer�t.If Borrower fails lo pay these suma prio� to�he expi�ation of this per(od,Lender
<br />-.-:'v ti�.. �,,;p,,,�;,i:':�;I_. •
<br /> {`�,:.:,, , mAy�nvoke any remedie� permitted by this Security Ins�rument wilhout fu�lAe� notice or demand on Borrower.
<br /> `{1,1t iJ,,..r��:..
<br /> Y��, . •
<br />_ '��'•�:�;�'�•� ��'�� BY SIaNlNG �lELOW, Borrower accep�s and agrees to�he terms and coveaan�a canlained in�his Adjuslable
<br /> { .� ���„•
<br />_- , �; ,�•,.;?,<<,;.�c:�'�.;,�
<br /> •,1��1y Rate Rider.
<br /> . , � �t?L�.s�s;`; .r'
<br /> , ,�,�.��..
<br /> ���� 11 .�,+ �J,
<br /> -- '�at�,.+]�c-��
<br /> - 4. ; .-.- —.-:_-- «"�c / (�"JwC/�47 _ (Seal)
<br /> '`�•:`=>,�-•'• BorroNer
<br /> r �
<br />-:�.��. :� • '�' . . .. - l � � ''`..c-��
<br /> — f��<<�'Gi" }!�Ll�Z't-C...►-�Cl�' '� l.SCB�)
<br /> '�.�t. : ,. �,� 8otrowei
<br /> .��•��..�ka�.
<br /> '���' F�� `'4 �5�8��
<br /> �',' � + � :;'.. ���►i� BOItOWt� ,
<br /> ,.:� ,,,3K;.� .�i
<br /> �.. ° � .:. '�,.�,�''�-. .. . (seal)
<br /> �. .�.�:,. ,� .
<br /> � . Borrown
<br /> 7�. W __. _
<br />
|