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<br /> . �alw�Nn�t EiaYi�t�allot d�t 1 rv�t om do+o�iil�oa d�e Convetsio�D�1e.1�a�at eot be i�dd�wk�d�+Ntal�.p�ii --._ ' `,
<br /> — � 9bp�rfty lrtvuna�t;(lii)by a dw�psciMd by the Note Hoider.i mu�c py�e Noa Hold�r i oa�ei�M o!�1.�. -..
<br /> 1GO.OQ ' ;aad(lv)i m�t alp�aad sive the Noo�Hoid�r�ny doaunsow�Nw�1lo�ld�r
<br /> 10�iq tb com�eraion. .. �-�'t�..
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<br /> ---- te)Cdcal�tim d FIsM Rate �
<br /> My new. tixed iatensc race w111 be eqwl to the Fedenl IWtlon�! Mort�qe As�aciatba's roqpl�d�net ykld
<br /> �pf�d�te ouid time oi dty specifkd by the Note linlder�'or(i)if tbe ari�inal term of thit Note it yro�tbr IiWUt IS , ��
<br /> ye�n,30•year fixed rRCe mart���es c�vered by applicable 60•d�y m�+nd�tory delivery commitment�,plu�Bve-
<br /> ei�hhth�of one penenc��e p�oiat(0.62396).rounded ta the ne�rat ora-+eigbth of one pement�e point(0.12596�,or
<br /> pi)U the orlgiail tenn of thic Note la l�ye�re or kss,t5•yea�flxed nue mort�gop co�by app�icabb 60-d�y �
<br /> mand�tory delivery commitmeata.plus flve-eigbtbs of one percante�o point(0.62996)�raanded to tba ee�ron
<br /> oac-ei�hth of oae percepta�e point(0.12396). If this rcquired nee yield cannot be detarmined bacauRe the�ppli-
<br /> cabk commitmenta�re nM availablo. the Note Noldar will determine my intereit rato by��ein� aomp�rable
<br /> ------ —.� iafo�ow�ioo.Mynewratac�IcuiatodumierlhisSa;tiu�5(6��rWnotbegreaterthantheMeaimumRatcuatedlaSxNot�
<br /> 4(D)�bore.!�Y INTEREST RATE NI1.L NEVER BE CREATER ?HAN 1.1 .000 P6RCB11T.
<br /> (�1Wnr pr0'�Asouat sud T�,f[ectl�e D�te . .
<br /> ,_ — ,_ _— _- It 1 chcK►se ta exercises the Conversian 0pt�oa,t6e Nae Holder will dete�mine the amoun[of the monthly
<br /> --- puyme�at�that would be sufficient to repay the unpaid priacipsd I am expected to owe on the Conversion D�te in
<br /> - --- full on a9ie m�tu�ity date at my new fixed interest rate in substanpally egual p�ymeats. The result of this c�lcu-
<br /> - �° lattoa w�ll be�he new amount of my monthly payment. Beginning with my�rst moathly ps►ymoat after the
<br /> �. Conversion Date,I wlll pay the new amount sis my monthly payment until the Maturity date.
<br />;;��j C.TRANSFER['�F THE PIIOPERTY OR A BENEFICIAL 1NTF.itCwST IN BOiqEOV{►ER
<br />- 1. Until Borrowcr excrcises the Conversion Option.unAar the condit�ons statcd in Sectloa B of thit Adjurt-
<br /> = — able Rate Rider,Uniform Covenant 17 of the Security lastrument is amended to rcad as follows:
<br /> "��:;;, 7Yamkr ott6e Property or o Beaetkinf Yaterest In sorrnwer.If all or any part of the Property.or any Interost
<br /> �=`�'r i� �1 is sold or[ra�f�rrul(��if a Neneficiel interest in Borrower is sald or traosferred the Borrower is aot a
<br /> � �� � - naWra��persan)without Lender's prior written consent.:xnder may.at its optfon.reguire immediete payment in
<br /> '•"' "�'�,�° full af All sum:s�cured by thls Security lnstrument.�#owever. this option shall nat be exercised by Lender if
<br /> � .j ir�':�,�'
<br /> �!�;,�_;�t , exerclae is prohibited by federa) law as of the dnte of this Seourity Instrument.Lender also shall not exercise this
<br />��.y ,,;��-' a' option if:(a)Borrawer causes to be submitted to Lender information requlred by Lender to evuluate the intended
<br /> �,�, , transferee as if a new loan were being made to the trunsferee;nnd(b)Lender reusonably detcrmines that Lcnd-
<br /> �� . er's security wil l not be impalred by the loan assumption and that the risk of a breach of any covenant or
<br /> �'' a�ceement in this Security Inslrument is acceptuble to Lender.
<br /> To the extend permitted by applicable luw. Lender may churge u reusonable fee es a condition to Lender's
<br /> consent to the ban assumption. Lender ulso muy require the transfcree to sign an ussumption agrcemene that is
<br /> -: ;.�.�,;�, acceptable ta Lender and that obligates the trunsferee to keep ull the promises and agreements made in the Notc
<br /> y=�'�� and in this Security instrument. Borrower will continue to be oblignted under the Note and this Security Instru-
<br /> �`"�?�"�t^:�, ment uniess lender releases Borrower in writing.
<br /> .�...
<br />_ . Q. ....
<br /> `'� ',� If Lender exercises the option to require immediute pnyment in full. Lender shnll give Borrowcr notice of
<br /> � ;�,�;,��� " � ' acceleration. The notice shall provide a period of not less thun 3Q duys from the dute the notice is delivered or
<br /> '�r�'��i; ��• � mailed wlthin which�orrower must puy all sums securPd by this Security Instrument. If Borrower fails to pny
<br />. .��i..: �:`=... .. �.
<br /> ,u�r,;; ^' t hese sums pr ior to t he expiru tio n o f t his p e r i o d,L e n d e r m a y i n v o k e a n y r e m a d i e s p e r m i t t e d b y t h i s S e c u r i t y
<br /> �.:
<br /> � Instrument without further notice or demand on Borrower.
<br /> � �-P.���' �� 2. If Borrower exercises the Conversion pption under the conditlons stuted in Section B of this Adjustable
<br /> - ° °'�`�'` � Rate Rider, the amendment of Uniform Covenant 17 of the Securi�y fnstrument contuined in Section C ! above
<br /> " °'" �� � shall then cease to be in effect, and the rovisions of Unifnrm Covenun[ 17 of the Securit Instrument shall
<br />-' �..�:`tr�,�. p Y
<br /> '� y�H�����;s:�.`�,'•' instead be in effect,as follqws:
<br />. • y�,�:�.::;,:..�,�.:�_ .....�
<br /> , , r 7lransfer otthe Property or a BeneficiAl Interest In Borrnwer.If ull or uny part of the Property or�ny interest
<br /> .•s'�`;'��:V' in it is sold ortransferred(or if u beneficial interest in Borrower is xolJ nr trunsfcrred und Borrower is not a
<br /> , °- � ±'". � �� natural person)without Lencier's prior written cansent, Lendcr may, nt its aption,reyuire immediute pnyment in -
<br /> • �s,��.�_. ,� + full of all sums secured by this Security Instrument. However, this option shall not be exercised by I�ender if -
<br /> , ,:,. . ; .�1ri:". {
<br /> .:;y#;..,•:;�s�;1Y���..�hj, exercise is prohibited by federal law us of the dute of this Security 1 nsaument.
<br /> '�+:- ;`4r.'•,r: lf Lender exercises this option, Lender shull give Barrower aotice of acceleration. The notice shall pravide
<br /> i �.•`•'.`.�'.� i'`;: ..
<br />-_' � •.,,;.; • a period of not less than 30 duys from the dAte the notice ic delivered or maileJ within which Borrower must puy _
<br /> .,_.,,c;..� i. .�;
<br />-��,i{. i'•; . :. „ �y�i�;;.y,.. ull sums secured by this Security Instrument. If Borrower fuils tn pny thesc sums prior to tha expiration of this -
<br />,^}�f ��'i=.�;;��;�;5,�., ., petiod, Lender may invoke any remedies permitted by this Security Instrumc:nt without Further notice or demund
<br /> _. � �N,s,� �`r,�•<:�:''�� onBorrower.
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<br /> ,;j—:, -_;�;;��-: - ni a�u�.�nG B�LGh, nvrruwrr a��cpia unu ugroc�iu inc irnux a�w cuvrnunta�unw�uru u�ti�in r►ujusiuoir
<br /> '�` "'%' a::,- ` Rate Ridcr.
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<br /> .,�;�,,�;.�r; Bormwer Bnrrnxcr
<br /> - ��""��~� '� �_-' � �IILLIAM C CILSTER
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<br /> �Hurmwar Bnrroucr
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