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<br /> r - g3, �o�t��. FNR2 3116-z'� � .: '-�;_ ___---- _
<br /> ItJwaattoexerclaethoConvorslonOptlon,tmuccflrotmen�cer[elncondldontiThosoepnditlonsorpthat:(1)Imue{ ' ���
<br /> glvo�hoNoteHoldernollcothatlwanttodo�o:OponthaComenionDacaimuainot6oindot�ultund'vrtheNatqorthe ---
<br /> 3wurity 1 i`rumon�;QIp by a dete cpecified by the Note Holdcr.I must pny�he Nom Nolder s convcnion feSotU.B.
<br /> . s •�o ;and(iv)I muet eign end givo�ho Note Holder eny documante U�e Nota[tolder -
<br /> «quiroa ta atteet the convonion. --
<br /> (D)Catculatlon of INxed Rate
<br /> My new,flxed Interoat rate will be equnl ro[lia l'ederel Netional Mortguge Aseocimion i rcquired net yleld -- -_- _=°_
<br /> e�ot e daro and Ume of day apecifted by�ho Note Nolder for(p if�he oNglnal term ot thl�Noro te grcater�hen l6 ____
<br /> yeare,30•yoar tixed nte mongagea coverod by appifceble GO•day mandetory delfvnry commitmenu,plus flve• _
<br /> elghtha of one percentage point(0.62390),rounded[o tho nenrcst onaeighth of on¢pementage point(0.123�J6),or
<br /> (Ip it the odg�nnl term of thii Note i� l3 yeare or loss. IS•year fixed mte mor�gegea covered by npplicable 60day _
<br /> mandatory delfvery commitmente,plus fiva•cighthe of on¢porcent¢Ba point(0.623R�),rounded to�he nearest _
<br /> one•eigMh of one percentnge point(0.125�K+x If this required net yield cmno�be detarmined beceuse tha appll- -
<br /> cabla commltmemc nre nao�t avnidleblde�, t�hhe�$Noee�QHosl�d�or wiIill dte�termfna my intercat rate by using wmpareble _
<br /> Informetion.M�f�ItST��tH����RA4E�WIL���N�VE�WB��OR�������:�t��,�W�:tlon - _
<br /> 4(D)atwve. - _-
<br /> (C)New Payment Amount nnd L�ttecdve Dete =-
<br /> If I chooso to exercise the Conversion Option,�he No�e Holder will determine�he amount of the moathly �:___;..__
<br /> paym¢nt that would ba auffitient ro repay the unpaid principal I am expetced to owe on the Conversion Date in +�F`: _
<br /> full on t6e maturity date at my new fixed Intereat rete in substantlully equal payments.The result of this calcu• .
<br /> lation will 6e the new flmount of my mon�hly payment.Beginning with my flnt momhly paymcnt aftcr the �;�-, -
<br /> Conversion Date,I will pay the new amount es my monthly payment untll the Meturiry date. ��.;;`_r_'" -
<br /> C.TRANBFER OF THE PROPEATY OR A BSNEFICIAL INTERGST IN DORROWER ��� ?��2��--
<br /> >t�.: .-
<br /> 1. Until Borro�ver exercises the Converalon Option under the conditions steted in Section B of�his Adjus[• r �,i°,,...,:c:__- -
<br /> able Rate Rider.Uniform Corenant 17 of�he Secudty Instrument is umended to rcod ns tollowa: % ('f<�=`--__.
<br /> �*
<br /> 7lnneter of the Property or n Oeneticlal lnterest In Oorro�rer.lf al I or any par[of thc Property or any interest �;� �-'.�z{ ;---
<br />� in It in+old or tmn:ferred(or if n beneficiel inrerest in Borro�ver is sold or transferred the Borrower ia not a y^p�f� r
<br />.. netarel petson?wt!hnm Lender'a prior writcen consenL Lender maY.at its oplion,require Immedfate payment in _t�_,�u'„_�_:_
<br /> tull of nll sumi secured by ihis Securiry Instrument. However,this optlon sholl not bt exercised by Lender If - ,5$� �, m.
<br />- ezecclae is prohibired by fedeml Inw es of the date of this Security Insnument.Lender also shull not exercise[his �� ����� ,g�y�
<br /> opdon IF.(a)Dorro�ver cnuses to be submitted to Lender information required by Lender ro evaluate the inrended ,,_��`'t;:}�a��s�.,.
<br />- tmncfarco aa if a new lonn �rere being made m the trunsfcrec:and(6) Lender reesonably determines tha[Lend• „�;�ri���t� _.
<br /> ePs secur(ty will not be impnired by the lann nssmnption nnd tha[ the risk of n breach of any covennnt ar ' �+, �t) :K� �, i..
<br /> ugrcement In this Sewdty Tnstrument is occeptnble to Lender. _
<br />.. t>,; : ;Y..l;'��(-
<br />' To the extend permiued by npplicnble law. Lender moy charge n rensonable fee ns a condiUon to Lender e ��[�� i�r�:i�;:'
<br /> i#r.�-,'. .�
<br />' eonsont ro the loon ossump�ion. Lunder nlso mny rcquirc thc aansfcrce to sign nn nssumption agrecment that Is ,`ti���:f�r�'�-ay__
<br /> ecceptable ro Lendcr end thet ob6gates the trunRfcrec ro kecp nll�hc promiscs and ngreements made in�he Note w_�, ,��h
<br />' end in thia Sewrity Instrument. 6orrower ivill continue a be obligoted under tho Nore and this Security lnsuu• �'�;Jt�i t
<br />• ment unleas Iender relcases Dorrowcr in writing. ',-'��f' �
<br />- Ii Lender exercises the option w rcyuirc immediate pa��men[in full.Lender.hall give Dorrower notice of �(��c;�y;���i?��j_-���;
<br />� ecaleration. The notice s6all provide a period of no� less thun ?0 day, from the dete the notice is delivered or .i;�r;;�z'���;�e4;�
<br />- mailed within which Borro�rer must pay all aums+ewred by thi>Security Ins�rument. If 6orrower foils ro pay %°�,.r�i'�'!ZPii�?�`;�'�
<br /> thesc sums prior to thc expira�ion ot thic periuJ.Lendcr may invokc any remcdics permiucd by�his Security i..;;ta.','�`?`� ��/ -
<br />�- tti;•�4�7��'•-kRr.,.
<br />, Instniment wfihout funher nntice or demand on 6orrower. ,y?�����r�;;'.-`
<br />- 2. If Borrooror czcrcisa the Convenion Op�ion under�he mnditiom>takd in Sectian B of�his Adjustable titi�';ti 4���r =`-_-
<br />- Ratc Ridcr. thc emcndmcnt n(Unifonn Co�rnum 1�of thc Securit�� In+tmmcnt eontaincd in Sallon C I aborc �- '"�:-.:�.4-"--•.'
<br />� shall Ihen censc to bc in e(fat, and the provi.ioro of Uni(arm Cneenant 17 af thc Securi�� Instrument shnll ?'�.`^��.;`;'�+.'n�-�:
<br /> �;:�?:- `••.`- '.,
<br /> inxreed be in effect.as follows: '.�'-<.;:<F''}j"�'
<br /> �' �. nr„�::`� �-.
<br />- 7Yan5[cr of the PropeHy or e UeneCclal Intcrest in Rorrotirer.If:d I or anr part of the Propert��or an��interest `,'-i',',�';:,,���?{%�'"
<br /> in it is sold or tran>ferred�nr if a hene(ci�l intere�t in 13arrmrer i. +oW or tramlerred and Borro�rer is nm a -�"�';'�';����"�- -
<br />_ natural persoN without Lcnder'+prior wrinen rnnunt. I.endcr ma}.a� in op�inn. rcyuire immediace paymcm in -`
<br /> fuli of all+ums sewred hy�thi,Securitr In.�rumer.t. Hrn�e�cr. ihi.nptinn �hall not be excrci.ed by Lender if `.:.i•�<`�'.'�r��'����
<br /> exercise is prahibiced b��(eJeral lau a<nf Ihe da�e nf Ihi.�acurilp ImtrmmnL G �-� '9° - �
<br /> . .'.s;...,:._
<br /> if Lender etercises thir nption. LenJer,hall gf�e 6nrroeer nrnire nf aca•Icr:ninn. "fhe nn�ice .hall pro�iJe M� - �' ��.
<br />-- a periuJ of nM Ic.s�han ?0 Ja��frnm�hc darc thc nnticc n dcli�crcJ nr mailcd�rithin ��hirh Rnrrower mu�t pa�� �• - �
<br /> all wmx secured b���hi. Saunt�� In•�rnment. If Hnrmurr fail.�n pa� Ihe�c wm.prinr m :he c�pira�inn e,f thi� �
<br /> period.Lender ma��imnAc an� remedic>permfueJ h} thi.S�•cun�� Imtrumem��ithom(urther nnoce nr Jemand
<br />.. on Borroaer.
<br />� BY SIGNING BELOW.�nrru�ccr:�acpn:md aFrce.ta Ihe Icnn.anJ i�+�cnanl�conlaincJ in ihf.AJju�laMc
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<br />-�, Kate KIUCL •� '
<br />.._ •........�Scal� �L3p������ �tic,i.
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<br /> RUSSELL � ERRICK
<br />��? ...................................... . _ dcah� �.�.���. �.,.. _�SCaI�
<br />- , ' u..��..��� ANGY RRIC L'lli4(.�'c. - iw.��.M.�.
<br />- �o.mai�e�n9.�...:.,:�.�,.. _
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