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R' ,'c��.: ..—_ - ..--____-T__- ,- �1pr"__ -- _ . _._...._�...r.�Y� �• � rM 94-ioi;�S3 fee af U.S.5..............�50...................:+►nd(iv) �mwt d�n aad sive the Noto Hold��y docum�nt�tba Nate Holder requiru to oflect the wnvenion. _, -- - (B 1 Cdc�t{a oi F'Ixd Mt� � - My new,fi:ed interat��te will be equal to the Fedsnl Natiunal Murt�Yc Aciociation'�ru�uircd net yield a�of a date and time of day�pecified by the Note Holder for(i)if tho otigin�l term of this Note I��rater than 1 S yan,30-year 1�St` 6xcd rate mort�a�a coverod by applicable b0�day mtndatory daiivery commitmentr,ptua five�i�hthl of one percens3�e - point(0.62596).roundcd to the narest one•ei�hth of one percenta�e point(0.125`+G).or(ii)if the oritirul term of thi� — - Note is I S yan or leu, I S-year 8xed rate mort�asa covered by applicable 60-d�y mAndatory delivery commitments, plus five•ei�hths of one percenta�e point(0.613�),rounded to the ne�reat one•ei�hth of one percentaae polnt(0.i 2596). - -==�+�� !f this required net yleld cannot be determined bocause the applicable commitments are not Availnble,the Note Holder will determine my interat rate by ucin�comp�rabie informatlon. My new r�te calculated under this S�xtion 3(B)will -=r�o.�� not be�reater than the Maximum Rate stated in Section 4(D) xbove. j�:�9,-�•..� (C) New Pay�t A�aow�t a�d�Rectire D�te - If 1 chooae to exerciu the Conversion Option,the Note Holder will determine the amount of the monthly payment , M --�---� - that would be su�icient to repiy the unpaid principal I am expected to owe on the Comersion Date in full on the maturity date at my new fixed lnterest rate in substantially equal payments. The result of thfs calculation will be the new amount � �;,, of my mw�thly payment. Beginning with my first monthly pnyment after the Conversion Date,l will pay the new amuunt . -,�":';.?.-'-``:;�.. as my monthly paymcnt until the maturity dat�. - � �;.��:;f,�:;:�T�;=-• •:;., C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER :�• �• � � ��•i� 1. Until Borrower exercises thc Conversion Option under the conditions stated irt Section B of this Adju:table R�te �� ;:; Rider. Uniform Covcnant 17 of thc Security Instrument is amended to read as followc: ' Tasster of the Property or a BeaeBcial laterest in Borrower. If all or any part of the Property o�any interat in it is �, W ' cold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) �� without Lender's prior written consent,Lendcr may,at its option.«quire immcdiate payment in full of all sums tecured � by this Security Instrument. However,this option shall rtot bc exercised by Lcnder If exercise is prohibittd by fedenl law as of the date oP this Security lnstrument. Lender also shalt not exerciu this option if: (a) Borrower causes to be submitted to Lcnder information requircd by Lcnder to evaluate the intcnded transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not Ix impaired by the iwn ----- - assumption and thar.thc risk of a breach uf any cavenant or zgrumaas in this Security lestrumcet i±a e�p�abte to Lender. ' To the extent permitted by applicuble law,Lendar may charge u reasonable fee as u conditiun to Lender's consent to the loan assumption. Lertder also may require the transferee to sign an assumption agrcement that is acceptable to Lender und that obligatcs the transferee to keep all thc promises and agrecments made in the Note and in this Security � �. Instrument. Borrower will continuc to be obligated under the Notc and this Sccurity Instrument unless Lender relcases . Borrower in writing. -- �� If Lender exercises the option to rcquirc immcdiate payment in full,Lcndcr shall give Borrower notice of acalera- _ ' tion. The notice shall provide a penod ut not tess than 36 days frum the datc thc noticc is dclivcrcd or mailed�rithin ii which Borrowcr must pay all sums sccured by this Sccurity Instrumcnt. If Borrower fails to pay these sums prior to the r! �,� expiration of this period,Lender may invokc any remcdics permitted by thi�Sccurity Instrument without further notice o�demand un Borrowcr. ' 2. If Borrower cxcrciscs the C'onvcrsion Optiun under the conditianc stated in Scction B of this Adjustable Rate • Rider.the amendment to Un�form Covenaut 17 of the Securiiy In�trument cuntained in Section C 1 above shall then cease to be in etTect,and thc provision,uf Uniform Cunvenunt 17 of the Sccurity Instrument shall instead be in ef�ect,as fallows: Tnnster of the Property or a BeneticiAl lnterest in Borrower. If ull or uny purt of thc Property or any interest in it is sold or transfcrrcd lur if a bcnclicial intcrest in Burrowcr i� sold ur transf�rred•rnd Borrowcr is not a natural person) . ' without Lendcr's prior written consent,I.ender ma�,at it�option.require immediate payment in full of all sums secured ' by this Security In.trument. F luwcver,t his uptiun shull not be ex crciscd by Lcnder if exercisc is pruhibited by federal law , as of the datc of this Sccurity Imtrumcnt. - IIf Lender exercisex thi,uption. I.ender.hall give Burrowcr nutice uP acccicration. The notice shall provide a period of not Iess than 30 duy�frum the datc thc nutice i+delivered or mailed within which aorrower must pay all sums secured • I by this Security In+trument. I f BurroNrr fail+tu pa}•thcse.umc prior to the cxpiration of this period.Lender may invake , � any rcmcdic+ permitted b� this Security Instrumcnt without furthcr notice or dcmand un Borrower. " � gv 5u,�itic� Bt i u��. �iorroacr accrpa and aErcc,tu the term.imd cuvenants contuined in this Adjustable Rate . , Rider. _. .. . ` � r+.�!....,�t....::1�:� �.�..,.c.�-��.�.:�1.4�.�::................. (5ca1) _ 4 INE R. hIRKPATRICK •�� ' ' , 1 v ........ ...�i.......��.s�..��'Z/.�r.tL�l............................. (Seal) .L .. ....' Borrower ' s ! " HU(ir:K L. hlltl�k'fYl'K1(:l� � � . 1` I � 1 .. � . � � . S , U{YC lI1�A 1/q q� � -