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<br /> _ - - ___- -_ g _ ��f. r ��� �;� aw�
<br /> �:j Ifl�vanttnexorcisetheConversbnUpti�ii,lmu�;tf7eatmce�certotnconditinna.'Ph�scconcliriunsnrothal:(illmaat � —
<br /> -- - �ivc tiio Noto Naldcr nodc�thnt 1�v.1nt tu cio s�;(ii)on thc Canvcrsian I)nte.l must n��t hc In�9ePault under tttc�Tm�•��e the
<br /> _ — -- - Sccarlty Instrument;(iii)by n dntv epecifie�l by tho Nc►to Nt►;d��•�1 muyt pi►y�he Notc,�Flnldcr n comerr+lo��i'ee i�f ll,S.
<br /> -�`�L•°_-----�- � •�Q ;itlld(IV)�IitUb!FI�Q lllifl�IVC 1I10 Ni1l0 I�11IQvP t�ny iGu:o�i►�uth 11w Nuro Hut�ire -- --
<br /> -_ - ----- - �et�t�ltex to e1'fect ri�rcltwat�lt��.
<br /> -- ± �V� 1 lB)Cc�Oculwtlan o!Fixed Rntcs � f-J
<br /> - � -.
<br /> � � My new,fixed intrrost rnto wi11 bc cquid tu thc Fcdcritl NuUunnl Murt��ige AtisucluN��n's rcquircd nct yicld '
<br /> ,,; - � �.'m�'= Ax nf a dnto und timv�f dny A�ocifled by tho N�to Hotdcr foe ti) ii thc orlginnl tcrin of ihis N�►tc is grcatcr thmi 19 a
<br /> „
<br /> . _ , ,�.z„� yunrs,3U-yenr flxad riue nuirtgi►gcs cavered by nppUci�ble 6tl-dny mnridut�ry delivcry rnmmit++ientx, plu�tivc• - —__ -
<br /> `' ��� clghttes i►f ane pe►•cemnge point((1.625�/c), rnundcd tc�1hc nenrest nnc•cighth��f nna percentngc p��int(0.125�I�), or �
<br /> �'�. „a - _ (!U If'tho ariainal tetm af thl� Note ly 19 yeurs c►r lesa, 1S-yenr flxed rute mn�tgi�geti cc►vered by nppllcnhl�60•dny __.—
<br /> _ . numdatory dolivory commitments,plus fivc•ciRhths af one percentn�to point(O.bZg'Yo),mundcd ta tho ncurest ��
<br />'���'� `�.��U , ,, � ano-oighth af ono perconta$c point((i.12SrJ�), If this required not yi�ld cnnnat bc determincd hecausc tho nppli-
<br /> �'����r� : cnble sommitmonts are nat avnllublo. the Nate Halder wi11 determine my interest rnte by using campurnble
<br /> " �;� "' .�. R ` �� infdrmntion.My�new ratecAlculuted undorthis St�don 5(B)will not be greuterthun the Maximum Rate�tnted in Sectlan
<br /> t�: . ' " ' 4(D)abovc. MY I NTE��i9T F�AT� W I LL NEVER HE dR�ATEF Th�AN 1�.379 PERGENT. ��--=- - -
<br /> !S• ' L--"="—'--="--
<br />" .. �..;i�.:1..�;. . • .-•x aA - �xi-
<br /> "s (C)New P�ayment Amaunt and�tfectivo Dale .�-; _--_
<br /> � . ,, +,;,,�_
<br /> • , If I chaase ta exercise the Canvorsian Optiao. thu Nute Haldcr will determine the umaunt of the mo�ithly
<br />" � t , • , pAyment thut wauld be aufficient ro repuy th�unpuid principal !nm oxpected ta owe�m �he Canversi��r.Diitc in �;�t°--
<br /> . � � tl�ll on the mnturity dcate nt my nuw fixud intcrest ruto in substuntiolly cyunl puyments. Thc retiult of this culcu- =A
<br /> � IAtian will be tha now nmount of my monthly puyment. Beginning with my flrst manthly pnyment nfter the ; '�
<br /> ' Canv�raion Datc,I wlll pay thc ncw umc�unt uti my monthly pnyment undl thc Mnturity datc. �, . ��.£-
<br /> ` �.. � G.'1'RANSFCR UF THE PROPERTY OR A BENEFICIAL 1NTER�ST IN BURROW�R � �� �'�'�°°-
<br /> ., , �"�..
<br /> , , � 1. Until 8arrawer exerclscs the Conversiao OpNan unde�the conditians ytiited in Scctian 8 af this Adjutit- �y,:='��
<br /> � nble Rnto I�ider.Uniform Cavenant 17 nf the Srcurity lnstrumcnt is umended to reud us folla�vx: � � � •=�
<br /> . � � 71�unsfer af the Praperty��r a Ilenefic{nl lntercat in Narrwvcr. If ull ar imy pnrt�f the Praperty ur uny:ntcretit ,. ���"`-;.�
<br /> � in it is sold or trun~ferrod(or if n brneficic�l interest in Horrmver i� yold or truntifcrrcd thc Harmwcr i� aat u " � --_
<br /> ' nntural person)wlthnut Lender's prinr written canscnt.[.ender muy,ut its optian. reNuire immedfiitr pAyment i� � ��� �r
<br /> � • . full af all sums secured by thia Security lnstrument. Howevcr.thi�aptian shull not bc� exerclsed by Lender if ��
<br /> � ax�rcise is prot��bited by t'ederai iaiv t�s c�f the date of ii�ii Secufitr in`tfum�nt. G��tde�ni�c�shnii �►�3i�xe�ii�e ihis 1 !
<br /> � • uption(P:(n1�arr�wcr cnuses ta be.ubmittud to Lender inf��rmutlan rcquircci by L.cndcr ta cvnluute thc intended �
<br /> � � � trunsfcree nr If u new loan were being tnude tn �he truntifcrec; .ind Ihl l.endcr rcus�m�bly determinrs thnt I.cnd- ' ' .
<br /> er's�ecu�i�y wil! n�t !+� �n��+sir�•�f by thn Inan as�um�tfnn uns!thut th�ris4:ef u �rcath Qt'uny teyeauni s�r ��°
<br /> - _- - - - -,- �
<br /> .:
<br /> , ,, .. . ... _.:-_�.
<br /> • �--- ugt'ee�ue�ri it�ti�ir S�curity In�trument ir ucceptnhie tn i.ender. �
<br /> � �.
<br /> i • To the extend permitted t+y upplici�ble Inw, l.ender mny chArFe a�reasonuble fee as a c�ndition to I.ende�'s
<br /> . rnnsent to the li»m nwcumptian. l.rndcr i�ku mz�y require thr tr�insfere��to+ign im uti.rumptic�n ugrrrment thut is , '�
<br />��s � ncceptablo tn Lendor And that ��hliFatcs the trunsferee ta kerp c�ll the prnmitie�and ngreements mude In the N��te
<br /> and in this Security Instrument. aorr�wcr will c�nNnu�tc�bc uhllgated undcr the Notc und thi�Security Instru-
<br /> . ment unless lender relenties Horrawer in writing,
<br />' . � If Lendcr cxerci,es thc nption a�requirr immediutr puymrnt in full, l.rndrr.hull�lve H��rr<�wur nc�tice of
<br /> nccelerutiun. The noticr shull prn��idr a perlud af not leti. thiui �I) �Ii►y+ tY���n the dute thc oc��icr is delivered or
<br /> , muiled within which d��rower muyt puy oll sums tirrured hy Ihiy Security Instrument. If B��mwrr fuil�tn puy
<br /> � the�e uums pri�r to thc expiri�Nnn��f thi�pe�iad, I.cndrr nu�y im�akc imy rrmcdicti prrmU���d hy this Security .
<br /> Instrument wlthout furthcr notirc��r dcmnnd on Hor�rntir�. I
<br /> 2. If Hnrmwcr excrciscs thc Cum�cr+iun Uptinn undrr thr r�+ndidun+ �tutrd in Srcti.,n N �>f thi+ Adjutitublc !
<br /> Rutc Ridcr, the nmendment of Uniform Cuvcnunt 17 uf ti�� Scrurity ln.trumcnt runtuin�d in Sertian C I ahovc
<br /> i , shull then ccusc to bc in effect, und th�� pr�n�i.iun�uf Unifu�m Cuvenunt 17��t'th� Se�urity lmtrument yhull
<br />_;
<br /> � inHtead be in effect,nr follaws;
<br /> , 'lrnnxfcr uf!hc 1'ruperty ur a HenePiclal Interevt in H�irrmver.It'��U��r imy pnrt<�f thc f'ruprrty ar uny intrrc.t I
<br /> ln it ls sold or trun�fcrred(or if u bcnefiriul intrrc,t in Hurru��•cr i.�al�l��r trumfrrmd imd Hnrr�wcr is nut u �
<br /> . "� nuturnl persan) without Lcn�lcr'x priur wriurn ri,mrnt, l.rnder muy.au it,��pUun. rec�uirr immedit�te puymeni in
<br /> � ., " full af ull sums �,ecured by thi.Sccurity Imtru�nent. Hu�ve��c�•. thi�uptiun.huil nut hc excrciticd by I.endre if I
<br /> exerci5c ls prohibltc�i by fedcrul luw uti�,t'the diuc af'this SrcurUy ln�trumenl. �
<br /> • �, L' - . � � lf l.endet exercises this option. LenJer �hall Fivc Hurr��wcr notirc ui'urr�derutian.The nntice �hnll pr��vi�ir i
<br /> _ ' u periud nf n�t lcss thun 30 di�yc fro�n ihe�lut�th�n��tic�}4�i,�liv�•re�!nr lnailcc!w�thln which l�nrritwer:i:u,t puy -- - -- - -- - - -
<br /> , f ,�T ull sums.ecured by this Security In.�rument. It'li��rrowrr fail. tu pi�y thetie �um� prior to thr expiruU��n oi'thi+ '
<br /> " , periacl.Lender muy invc�kc uny rcmrdir�prrmi�tcd by thi�Srcurity In�trument withuu�f'urthr�•naticc ur dcuumd �
<br /> ' ��� , ; .. an aarrawcr. j.
<br /> aY SI�NINo B�WW, Burn�wcr urccptti und a�;rreti�u the �r�mti�ind cm��nuntti •unt:�inrd ln thi,A�lJu�tuhle �
<br /> �.1 , Rute[tldcr. I
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<br /> �' .. ... ..... ... .... ... ...... ... .... . ... .. lScaU ...../'u[GPf?!ts[/... .. .. .. .. i
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<br /> iHurru��er Hnrru��rr i
<br /> � � DENNx A JA ,
<br /> ...... ............ .......... ............ .. (Sc:�l) ... ... ... ..�/�,. ..... .... (Srul) � .
<br /> Hurrnucr N��rru��cr t
<br /> ' " � IC I M�ERLY J OT'TE i
<br /> � • FOfIB 31181/88 i/vicr:,�l;)a�w'u �
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