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<br /> � . Tflwa�tbalacyslMeCa�ei�ioiiONio�,li�tlint�re[uM't�f � '1;Mrf�too�li�io�sarelM��}i�r�t:'
<br /> � pvr4tiaAiole�ioidirao�ioetlMtl�ra�fbdo�a.(ii)ait�C,aiMa�ioaDMe;I�twatb�ei�defwkia�dad�eNoiearlMe . '
<br /> ,� ;��p�c;(ii�)bjr adMe-�pe�d,bY the 1+b1e Hoi�te�I mwt p�dee rTo�e�iolder a poaver�b�ke ot�J.S�, ,. - . .
<br /> � •80 "' � . ,:a�d C�')I,m�t sip�d pv�e 16e xae'�jotder a�doe�eta sbe<T�Io�e Ro�er .
<br /> � reqoiioa�or et�t tMe co�vi�. ' �. � �. • . ' � �
<br /> t. _ ._ ... . . , : . � _ - - � - • _ ,.
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<br /> .p��afe�ti��(�t,wi�at� ` � , . . :. . .. ._ . ._ .�..<�...
<br /> .. My�v.fi�cid iwee�est ratt rvill be eqi�l fo tt�e�iedersY Natioosi Mor=p�i As�ci�ti�oa's `cp�ufrcd net yidd . � .
<br /> . . ' • �u cf�dree�ad tiaae�of day�ecified by tl�Note Nolder�for 4ij_if dre ad�arl term of d�i:Naoe is p�ater d�n IS ,
<br /> yeus,�3o-year�'i�cea r�►co mon�conrrrta.6y►a�rplic�ble b0-da�masdaF��7 aa;�rery comm�tmeMis,plus�ivc.,
<br /> . eislit6s of ane peiaata�e PaNt(0.62596�t+aw�ded m tt�e neuest one{ig6t6 of ait pe,�antx�e Poirit(�.1��+�.�vr .
<br /> ' ��{ii)if tbe ocI�iot1 tsnq of tbis Na1e tis 1S y�ears or kss, 15-yar fixed rate mortgs�es ooYaed b5'appliC�bk�O�daY
<br /> � � maNdatory deli+rery commitmenfs.pins tive-eishtl�s of one pernentage poiat(0.62596),rouuded to tbe near�t
<br /> . oae-eishth of oae pereent�gie poi�t t0.12596).If tbis ceqaired net yield cannot be determined baicwse the appC-
<br /> qbl�e commitmeats are not avulablc.tha Note Hotder will determux my intenst nu by asia=comparsble
<br /> infornatioa.Mynewraoepk,vlstectunderth9sSa.�tioQ3Blw�7luotbe�c�euerthmtheM�imumRatestated'm noa�
<br /> � q{p)aboti,� KY IIITEREST� RATE {iIL[. IiEVER SE GREA'1'ER '1'HAti 10.8?5 PERCE1f�..� , �
<br /> . t�New P!�laAt A�t aidFliectiveDate , -.
<br /> �f I cboose to exercise tbe Conversiam Option,che Note Ho]der will determi�cbe'amount of the monthly ;
<br /> . < payment that would be s�f'�cient to repny the unpaid principal I un expectal to awc dn tLe Conversion Dsu in
<br /> .fuU on tLe maturtty date at m�►new fi�ied interest tau in svbstandally eq�al pay�ents.Th�result of this cai�u-
<br /> . latioa vc�i116e the new amount of my mont6ly payment. Beginning with my first monthly�paytnent after the -
<br /> Comecsion Dat�,I w�i pay the new amount as my monthly I�aYm�nt unt�7 the Maturity dau. ':;`.,_::-.:
<br /> C.TRANSFER OF TH�P'AOPEIt'P8 OR A EENEFICIAL IN�ERFST tIV HOQROWF.R - . `'`'``�;,`�:�:��
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<br /> 1. Until Borrowa exercises t6e ConvGrsion Opaon ander the conditions stated in Seciion B of t6is Adj,ust- - . .
<br /> able Rate Rider.Uaiform Covenant 17 of dx Security Insuumant u amended co re�as follows: � � ;`�;';�;;
<br /> -_ .,.�,,,.::
<br /> - - � 7f ansfer ot t6e Property a'a Benetkial Interest in Borrave�:If all or any part of the Property or any inurest ,
<br /> � ia�t is sold or trausfened (or if a beneficial interest in Bprrower is sold or transferred the Borrower is not a ;�f;;.;�;::;.`;
<br /> '! a�,�`r,�al person)witfiout Lender's prior written consent.Leader may.at its option.require immediate payment in. . -.
<br /> , ';�m�.�.i��al1 sums secund by this Security Instrument.However.this option shall not be exercised by Lender if
<br /> �:t�;. � ,, ei�ercise is pr�ited by federal law as of the date of this Securi�e.�struraem. Lender also shall not exenise this , �:-.;,�-
<br /> r;4 t,d;�•,�,r,,,,j . , ��;; optioa if(a)��eirower causes to be submitted to Lender informat�i��eyuiied by Lender tcr.�:x�`,aluate the intended ; _______
<br /> 't'C tn �,� _ , .
<br /> �f��,�r�,l� j ; transferee as if a new toan were being ma+#e to the transferee:and�1 Lender reasonably��teiinines that Lend- ^��,
<br /> ,�t :;3..�.r,., � , � er's security will not be impaired by ttie loan assumption and=hat if�e risk of a breach af any covenant or ;�„ ,��_.
<br /> ��:.�::,:,� 'r'-��: .ti: . .. . . �;�s.�,�r:�
<br /> ; ��`{t���•�:� .= agreement in this Security lnstrument is acceptabte to Lender. " ,.:�:�,_ :_
<br /> . ,,,,;��i?:'�;,... ,:i. . . .
<br /> " To the extend permitted by applicabte law Lender may charge a reasonable fee as a condition to Lender's
<br /> �''�_-'•, - �`'? . consent to the.��.a�.assumption. I.ender also may require the[ransferee ta sign an assumption agreement that is
<br /> • - acceptabte ta�.�Eadrr and t'hat obligates the transferee to keep all the promises and agreements made in the Note
<br /> • --
<br /> • � :a�3 in.this SeanaSty tnsCr�e�.x.Sorrower wiU cantinue to be obligated under the N�te and this Security Instru• _
<br /> ... �... .; .:---�;� . . less t�a�dl�rreleases�araower in writing. �
<br /> .
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<br />"����°� - ��'�~�-'� `� � ��' � lf Lender es�cises the option to re.y�6re immediate payment in full. Lender shall ive Borrower notice of , , : .
<br /> - �..: . . s
<br /> • �� ' " � acceleratian.The notice shall provide a�riad of nat less than 30 days from the date the notice is delivered or ,
<br /> mailed within which Be�enax•er most,pay all sums secured by thi�Secucity Instrument. lf Borrow�er fails to pay �• ,
<br /> � � these sums prior to the exgiration of this periad.Lender may invoke any remedies permitted by this Security :�', -�,-
<br /> '� � Instrument without furthe�no�ice or dem�nd on Borrowcr. -.:,t;:;.;:�:t��s�,-:
<br /> ;4►r`-t':: .... .: � . r eLi�;l`y<r:-
<br /> ��` �' 2. If Borrower exerc�s��ihe Con�er.ion Optinn under the conditians stated in Sectian B ai this Adjustabte +�f�f`��'_
<br /> : ' �` � �,,7:�,�;
<br /> � .:" � • tiate Rider.the amend�e�na of Uniforit����enant 17 of the Secutity Instrument contained in Seetion C 1 above . �• : ,
<br /> , .�� s'haH then cease to 6e in effect,and the provisic+nc of Unifarm Cavenuni t7 af the Security Instrument shull ,� • �',•�:,?�`��
<br /> �-•'-_'-- � � . �,�stead be in effect.as faltciwa: k• �. -
<br />' :���i � . '-, � - 1lransfec of the Property or a Beneficial Interest in Borrov�•er.➢f alt or any part of the Property or any intcrest I- _
<br />=;�;;~�,.� � � in it is sold�+r Qransferred(or if a berteficial interest in Borrau•�r is sotcf or trantiferred and Borrow•er is nat a i
<br /> ' ,��;;; •
<br /> t�atural Qerson>,without Lender s prior written consent.Lender may.at its opiian.cequire immediate paXmenl in , i ,
<br /> ,� ;,;,;.F,.. . €utl of aU sums secured[�3•this Security Instrument. Howc�•cr,this opii.�n sb�9t not be exercised by Lrnder if � j
<br /> �' ��:�:��;::'=�• . : eicercise is prohibited by�f�.�ral law as of the date of this Security lnstrumen�. -
<br /> _,� ._.::a�:...-.. . .,.+, . . _ ... , 4 � . . .
<br /> ` � � � lf Lendeff'exercises.tTt 3s�aption. Let�der chall give 8ormwer notice of�cceteratian.i'�he notice shall provide � ,
<br /> �•�, �.:t"'•E� a period ot noi t�ss thstr.>C�days fre�cr.Ehe date the notice is delivered ar mailed within���t�icb Borrawer mu�t pxy . � � • ..
<br /> �' ; .. ; .'�� , •
<br /> �.• s�ll sums secured by t�es�:curity instru;,�ent. If Rrrmwer failti to pay these sums prior to the expiratian af this
<br /> � p$siod.Lender may invo�C�:any remedies permitte��ay this Security Instrument a•ithout further notice ar demand �
<br /> _._ _ _ - �- --- "'an gorrower. � `� . � „
<br />..K" � ' _ . . • . .
<br /> � � -. � BY S1GNING BELOW.Borrower acrepts and agrees to the terms and rnven�nts cnntained in this Adjustable , •
<br />:= - � • . � Rate Ridec •
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<br /> . . ,. : . . . ......................... 15ea ............ �.��1`"""'�"'........ .is�sn '.
<br /> ••••.•••••• •• �Bntm cr Borroucr
<br /> � . • � TODD .M OW�N . .
<br />. � � � __ _ � • ,�,. .��?�/`�AJ .iSevi� �-
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<br /> , - : `" APRIL L ONEN '
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