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<br /> , ' ` � �` Ifrwabctoeue�is�tLacomrersiouoptIon,rri►iutfirsimeet«rtaiacoadit�aa�s-`f��st�onaitio�sanat�a�c�)Im�st -< �
<br /> � ��gi�eWeNoueHoldernoticeahatlwanttQ�osa:tnlantheCoi►versianDat�Imystnatbeindefaaltundertbe3.+bteo�tthe .
<br /> � Sa�arirY t�'�by$da���Ytbe i�te i�`otii�1�usc pay tbtNate Hvkkr a co�vasboa fee'af[T.S ;
<br /> _ � •.� . - �at�c1�('iv)I must sign and gire dte Not�Hoidtr any doa�meqts tbe`Note Hotd�r ,
<br /> �� raquities M effect the convers��on. , , ` . ` . ` _ ` � �
<br /> — —� .r �_.__ . �.._ � .� - _ _ .: . . - - _� - � - __ . . ._ ..
<br /> � � � B)C�otF�taltHs� ._ `. :_ .. . , ' ,
<br /> - -- � My ncov.fixed imet+est rnte vin'jt ba cqual to the Federal National Mortgage Associati�n's requiFed net yidd � —
<br /> � as of a date and tiu�fe of da�specit`iod by tihe Note Holdet for(i)if the original cerm of this Note is greater tHan I�
<br /> � . yea�s,38-yeac t�xed faEe�covered!�Y a�Pticabla 6Q-d�y manilatflry dekvcry�oa�eaita�ets,pias fve= •
<br /> . . eighths of ane pene�ent�ge Point(0:625°k,}.�ounded�w the n�rest orie-eighth of ane peioatta�e point(O.1ZSS6�or
<br /> ' - � Cu)if ttie�origin�t term of.t6is Nota is l5 yesis or kss. f5-ye3r-ftxed rate martgages ca�vec+ed bji agplisabk 64day
<br /> aa�ndatory delivery cocnmstmeats.Plus five-eigbtl�s ofone pertentage p�iat (9.6ZS�k).rounded to the neares4 . . .
<br /> - ane�sightb of oae per+centage point(8:125°�fv).(f this reqaired net yield canno�be determined because Ehe appli- : _
<br /> -_ cable c+ommitments ate,oat availabte,the Note HoWe{will deternrine my.int¢rest rate by usi�g comparabte'
<br /> _ — � informarioa.M_y I�pTER�RA E YILL�NEYE�8E G�R�IER�TH N 10?50PExCEHT. D � - - -_�
<br /> - _ 4���,i71[ _ . �—
<br />_ •� - . . � • � �=�'.�-- -
<br />_- � tCj Ne�r Y�Sa�t�st�d EffecNre D�tc � � � . -,-—---
<br /> - -- � If I�hqose to euercise�he Conversion Option. the Note Hotder.will deurmine the amount of t�c monthty ���
<br /> �-y:�.
<br />- paymen�tfwt woald be snfft�ient to tLe u d 1 I aw cted to ovwe on tha ConversiQn Date in ���-_--
<br /> �y � �� �
<br />� �full on;tLe maturity date at my new f�xad iriterest rate in substantially equa!payments.The resnit af tlsis calca- ���.:
<br /> � � tation will be the Aea aaiwnt of my monthiy paymenG Heginning with'my firsL monthly payment after the ;--�1-_.
<br /> . Conversion Date.I w71 pay the nea+amount as my month1Y PaYment until the Matarity.d�ce. s y
<br /> `� —-- -- -- - -�-� _
<br /> - - - ,.�_..-- -- - • � - � ;
<br /> C.TRANSFER OF THE PKOPERTY OB A BENEPICIAI.INTERFST IN BORI�WEB . � �:.,-r�-
<br /> 2. Until Borrovrer e�[er+cises tbe Conversiun Option under the conditions stated in Section B of this Adjust- � -'-�-'��``'x�`
<br /> :r:_ .�
<br /> - ' ati]e Rate Ride�Unifom�Govcnant 17 of tl�e Sea�rity Mstrument is amended to read as fottows: � "'`''�::
<br /> G • ( _
<br /> --_ � 11�sastier dtbe Ptopat�r ar s�Hendicial Lterest in Boreo�rer.tf all orany part of the Property or any interest � �::'�`�
<br /> - � in it is sold or tranefetr+ed(or if a 6enefi�ial interest in Bonowe�is sold ur uans�'erred the Borrower is nat a' �
<br /> ?~ natnial person)wit}iout Lender's prior written cansent.Lerider may,at its option.require immediate payment in ���,
<br /> :.T * _ fWl of all sums sewnd 6y this Security lnstrume�t. However,this option shsll not be exercised by i.ender if . _"' __I_
<br /> ' � exet�eise is pmhibiud by federal law:as of tAe dafe af t6is Security Instrument: Lender also shall not execcise this � ,:�m6.
<br /> -'f �'��., option'if:(a)Borrower causes to be submitted to l.endei imforaration required.by�.ertder to evaleate the i�'te�ded "" T .
<br /> ` rti-•;�.. x x-.E„�,,t::.
<br /> •�;,;;�.; � � transferee�as if a aew loan were being made to the transferee:and(b)l.ender reasonably determines that Lend-
<br />� �.K.���•y� � .
<br /> �',�,�.��,r es's security will not be impaired by the loan assumption and that the risk of a breabh of any covenant or
<br /> - � • ��,�;-.Z� :;:.•. agroement in this Security Insuument is acceptable to Lender. . ;
<br /> �:�� .-.:_. : , � �
<br /> '`�'-�.�- 1b the extend permitted by applicstble law.Lcnder may charge a reasonable fee as a coadition to Lender's .
<br /> �,_. consent to the loun assamption. i.ender atso may`require thc cransferee to sign an assumption agreement that is
<br /> " �� �;:��,_ acceptable to Lender und that obligates the transferee to keep all the promises and a�reemcnts ms�de in the Note
<br /> �Y�"�" and in this Secucity Instn►ment:Boaower wili continue ta be obligated under the Ncfte and this Security lnstru- � =
<br /> , _`�'''�=-��_: nxnt unless tender reteases Barrower in writing. . ' � `'. . �
<br /> ,.�;<:::;.=� �^ .
<br /> � `'� '�::` 1fLender eaercises the option to require immediate pnyment in full.Lender shatl give Horrower natice of ..
<br /> • .:�.. '�:., •:� .
<br /> -- �� � acceleration.The notice shall ptavide a periad of not tess than 30 days from thr date tfie natice is delivered or
<br /> ' `�ti;:�=L:;: `� • maited within which Bonower must pay all sums srcured by this Security lnstrument.�If Bonower fails to pay �:_: ,
<br /> .;;�;=�,�..' these sums prior to the expiration of this periad.Lender may invake any remedics�permitted by this 5ecucity � ..�:
<br /> � '- �' . Instrument without fut�her notice ar demand on Bormwer. �� : ��'�'-�
<br /> - .•<:�e.r::rt'.
<br /> �
<br /> :� �►.f.'.`;'' 2. If Borrower exercises thc Conversion Option under tbc eanditiaas stated in Section B of this Adjustable
<br /> ., "``�-_��'-='<' Rate Rider.the amendetent of Uniform Covemant l7 of�he Security lnstrament contained in Sectian C 1 above � ' .�
<br /> •*!��" . _ shall then ceuse to bc in effect. and the pravisions of Uniform Covenant 17 nf the Security Instrument shall
<br /> . M�,:;��.,;;;� �, inst�ad6eineffect.asfoltows: , - ---.:._ .
<br />+ , � .
<br />� ` � � ' 7ranster ottl�e Property or a Beaeticlallnterest in Borrrnrer.lf alt ar pny part of the Property or any interetit � ��' �~ .
<br /> + j�'t��`T''�''' in it is sald or transferred(or if a beneficiul interest in Barrower is sotd or tr�nsferred and Batrower is.nat a
<br /> ,�.t.;;:-�:;:.:
<br /> �� •��..��,:,� nutural person)without Lender's prior written consent.Lendcr muy.at its option.require immediate payrinent in . . .
<br />- ' .:�:°�`��.. fall of aU s�mssecured by tbis 5ecurity ln5trument. Itowevcr.this option shalt not be caercised,l�y Lender if i-: --.,:,
<br /> '`'�°''= : exet�cise is probibited by federal law as of the date of this Seturity instrument. t' �
<br /> � If Lender exereists this option,Lender shnl i�ive Barr�wer notice of ncceleristion. The natice shAll provide • j, ' , ,��
<br /> - - a period of not less th�n 30 days from the d�te the notice is delivered or maited within which Borrower must pny !
<br />- =� all sums secured by this 5ecurity lnsttument.lf Aorr�wer fails to pay these sums prior ta the expiration of this � � .
<br /> � �-- period.Lender may lnvoke uny remedies perrnitted by ihis Security Instrumeet without further notice or demand �__ ___ '
<br /> . � on Borrower. " . .
<br /> ow
<br />�+ __ � BY 5IaN1NG BELOW.Bonower nccepts urtd agrses to the terms urtd cavenants contai ' this Adjustuble � .. _
<br /> _= Rate Rider. � .
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<br /> _ . Borro�rs DO AS J RBO �x�� �' � �
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<br /> . ........................ ....... ..... eorrurer �Honoare . . •
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