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<br /> If I wanttoexen;Iso the Convorslon Opilon,I mustflrctmeetcertain conditlonq.Those condiilone are tha�,(U l mus�,
<br /> givo�o Noro HoldSrnmiw that T wantto do so:pll on the Come�slon Duo,I must not bo in default undertho Noroor�he
<br /> $ecud�y Inslrumem;(ilq by e dace epecifled by�ho Noro f{older,I musi pay the Notc Hoider a convcrston f6e of U.9.
<br /> S •00 ;end(iv)1 must slgn and givo tfw Noto t{oldet any documents the Noto Halder
<br /> "�" rcqulres to effect the wnversion.
<br /> - :-��.� (b)CalculatlonofFixedRwte
<br /> � My new,flxed Inreres�reta will ho equal ro the Pederel National Mortgage Associa�lon'�required nct yleld �
<br /> _";`�;'<�'� as of n dnta nnd�ime of dey specificd by tho Noia Holder Por(U If�hc original cerm of this Nole Is grcater�han IS _
<br /> ��•'-'�y•, yeare.30-yeu�fiaed ra�e mortgages covered by epplicable 60•day mnndecory delivery commitmenls,plus five• _ _
<br /> ==�i�. l" eighdis of one percemage point (0.625�),rounded to�he nenrest onaeighth of one percemnge point(0.125�),or
<br /> '!�;-�v.±•�;; qU if the original rerm of this Noto is IS ycnra or less, IS•ycar fixed rnia mortgnges covered by nppliwble 60•day . _
<br /> � ' - mnndatory delivery commitmonu,Qlus five-eigh�hs of one poreentege point(0.625%),rounded to iho nenrest = —
<br />_,,.,,,.�t�,�t,��t' one•cighth of one percentage polnt(0.@5''k). [f Uais required ne� yleld cainot bo determined becnuso the nppll• o = —
<br /> � cnbie commi�ments ere noi avaliabla �he Note[�Folder wlll determinc my Interos� rn�e Ny using comparablo - —_
<br /> �' `E�' �7; InformaAon.Mynewratecalcul�tedyzr.P:rthisSectiouS(B)wtllcx�tbegreatenhantheMnximumRaiestntedinSecAon � ��,,� � --
<br /> �' '��, 4(D)abovc. MV INTEREBT RATE W1L.l I�HVER Bt 6�iEATER THAN I1.000 PERCENT. r{ K��=,
<br /> ,ft f�y� ,
<br /> " i r�{,�k� (C)New Payment Amount en8�Tircflvo DnYe `�'
<br /> , �
<br /> �n- � If 1 chooae to exercise�he Ccaversion Opiion, �hc Noto Notdrr��ill Aetermine�he amount of thz momhly _ - ' t'
<br /> J��p
<br /> , . payment that would be sufficient to repay the unpaid principsl 7 am�ezpzctod ro owe on �he Conversion Aale in ��/ _
<br /> L4� -�,;: full on the mamrity date at my new fixed Intercst re�e in enbsmntielly equal paymente.The result d this calcii- t;:, f i
<br /> +=f.- IeNon wlll be the ne�v amo�mt of my monthly pnyment. Beginning �.�ith my first monthly paymrnt aftcr thc rt ; __
<br /> r.:
<br /> �>n�y; Conversion Date,1�vill pay tM new emount as my momhly pnyment untfl the Afaiurity dntc. :Y'
<br /> �tl�S"���,k�� C.TRANSFER OF Tit3E PRAPERTY OR A BIiNF.FICIAL INTER&ST IN 60RRO�YF.R +'t� �� ''
<br /> ' -t't'�}„���`'1cA .
<br /> �f r}- ''� 1. Un�ll Uorrmrer exenises thc Converxion Op�ion under the conditions s�ated in Senion D of�his Ad'usb IF� ��t _�
<br /> rG>
<br /> - ,���yt�f+ryh uble Rate Rider,Uniform Cocennnt 17 of ihe Secnriiy Instrmnent is nmendeA to rcad as follows: - ,?��4�;�if'l,i�,,.
<br /> F !,'{4+,r 7Yansfer of the Properly or n SicneticlallNcreat In Uorrowcr.If nll or uny part of�hc Propeny or nny interest "z,`f}�`� i�,��_.:
<br />_;:..tR;�f�,.- In i�Is sold or trnncferreA(or if n beneficinl interesi in Uorrower is sold or imnsferred�he oorrower is not a , ,� �
<br /> � ,..� -�
<br /> ',�rtitpyi- neiurui per�oni wiihuut Lcudmb E�i iu� i.ii[tar wnxn4 l.tadcr ina�, at its cp:icn.require imn:edtate pn;n:ent 3rt � .:�. --- -
<br /> � . NII of nll sums secured by thic Secnrity Instrumem. Howeeer. �his opiion shall not 6e exercised by Lender if - f f� ,� S-II�,.—
<br /> � �; exen:ise is prohibfted by fedenl law a�of the da�e of�his Securi�y Ins�mment. Lcnder also shall not exercisc this �F;� ^F ,:.au
<br /> - -'° option if:(a)Dormwcr canses w be submiucd ta Lendcr infomia�ion rcquired by Lender to cvaluma thr intendcd i`.d F �.-ai<<:_..
<br /> -��.;�`:. �rnnsferce ns if n new Ioan nere bcing made to thc uansferec;nnd(b)Lender reaxonnbly dciermines that Lend- 5+;,� -��;c=`���,-:�
<br /> - y"�� er's security ivill not be impnired by Ihe Imm nssumpiion anJ �hal �he risk of a brench o(nny covcnam ur l � '�,�r ��y7,,}�t•
<br /> ��t`,•� agreement in ihis Security Instrument is nceeptablr to lsndec �' ,t�� -��.� -
<br /> � ,1/���7�� . ,�iI�I,E. U..'�
<br /> . � To the exicnd permiued by npplicablc law. Lender may charge n rensonn6le fec as n condi�ion to Lender's � . �.. ,.:j5:;
<br /> '� �� consent ro the loan nssmnp�ion. Lendcr also ma}•reyuirc ihe transferee�o sign nn assumption agreement�ha� is �':7�'-��-�;-� ''.�;.-,�f*...
<br /> �"��' � ncceptable to Lender nnd thnl obligmes Ihe transirrec In kcep nll the promises and agreentcros modc in Ihe Note ::`�,;;
<br /> , - ',";.-' and in�his Securily Instrumem. Dorro���cr will continue �o be obliFnteJ ander ihe Nnte mtd this Securiry Instru- ;���,i:-��
<br /> -� - - - ment unless Icnder relenses Dorro�ccr in wri�ing. -- :3i'��
<br /> `i. ��.
<br /> � .-� If Lender exercises Ihe op�ion tn reyuire immediam paymem in full. Lender�hall gi�e 6orrmcer natice of � � - ;: -
<br /> nccelcration.The noticc xhall pmridc a perioJ nf no� Ic..�han i(�Jay. from ihe date thc no�icc is dalirereJ ur i'> !: '-' "���
<br /> • � mniled wi�hin which [3orro�eer nm+� �•all sum+.ecnrcd h� �hi+Securii � In+�rmnem. 1(f3orro�crr fail.�u �• ;�1 �-�: .:�"i:=-`.�. ,
<br /> P�Y ) Y V�> s. :�.. �:�
<br /> these sumx prinr to ihe erpiraiion of i6i, perioJ. Lcndcr m:q� imoAc any rcmedic+penniucd by ihi+Sewrily %. .
<br /> � Inslrmnent ivi�houl furtl�cr no�icc or demanJ un 13orro��rr. n ��j :'� _
<br /> _ 2. If Ilorrou•er exerciu+thr Con�r.�ion Opiimi under ihe cnnJitinn..t:ned m Sec�ian 6 0(�hi�Adju+�able �A, � ' .
<br />. Rate Rider.ihe amendment of Unifonn Covenam 17 nf the Sceuri�y In.trunxni cmuaineJ in S.cli�n C I a6ore ?.- : ., -
<br /> ".�3:'.-�i(`.,�:-, shnll then c.ase to he in effect. anA thr prmitie�m a(Uniform Co�enam 17 al the Szcurity Insvument shall -� � _ .. ...
<br /> ;.'ti''r : ". instcad bc in e(feci,ax(ol la�u: �� -". .
<br /> �•.;:1,-".:`.
<br />�.;:�n'',.,: - j 'IYnnsieroithel'rnperiyornlSeneticlnllnlere�llulSurrnxeclf:dl�+ramp:m.�l�hePropen�-oran�imcre.t 4
<br /> , . in i�is xold or iransferred�or i(a henefiri:il intcre.�in Rnrrm�cr i..olJ or�ran.lcrrcd anJ Qorto�ccr i.nnt a
<br /> ���•� :., � namral �caon)x�ilhoul Lendcr i nnn�rincn rnn�cnl. I.cnJtnn:n. at ih o li��n. rr uirc intnuJi:uc �n mtnl in
<br /> _ ,,,c., �_.,t� F r ' r y i�. .
<br /> ', '+.�� full of all sumt secured h��thi.tiecuri�c In,�nnnent. H.���.�ee ihi,��p�ion.hall nm he r�zrri�rd hr I.enJCr i( �
<br /> �+ excrcisc i�prnhiFiled Uy fCdrral I:n� a.o(thc Ja�r nf Ihi.S.curil) I n>trunum.
<br /> 1 �
<br /> . � �:`i�.i: If l.cnder exercisc�ihi.oplinn. LrnJrr�hall cnr I3n�ro��e� mAice ol arrcic�:�linn. Tht nrnicr ,hall pru�iJc
<br /> - -::���,:_, a perial of nol Irxs Ihan tU day�(rom Ihr dcuc Ihc ro�1i.c i.Jtlf�crcd nr maikJ�.ithin��hich B�,rrm�rr mu.t pa�
<br /> . ..'� j:.� nll xnmi sewrcd b��hi.Scairip Iminimem. U Rnrro��rr iafl.�o p:i� �hr.r wm.priur�o�hr r�pfr:i�imi nl�hi.
<br /> �;-. • perind.Lcndrr m:n imoAe ant r.mcJfr.prrmiucd h� �hf.}cruru� In.uumrnt��iihom lunhrr m��f:r nr drmanJ
<br /> � � mi Iiorrowcr.
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