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<br /> �� �_y� - _ _-_ _. -_
<br /> -_ -- -__.�.�.o.,,r 94_ ioL�Bi ' .
<br /> � If c!u tht Convettion Uption� 1 mwt flrW mee�cert�in conditlont.Thase condttlona R�e thu:(q
<br /> 1 muu�{��w�Holdsc ndke thu 1 w�nt to cb so;(il!on the Convenlon Oue�I muu nol be In dehult under
<br /> the Note or th�Se��rblydbulrument;(81)by a d�ue�Secifkd by the Note Nolder�1 muu p�y ctie Nae Holder�convenlon
<br /> fee of U,B.S ' ;�nd(iv)1 must sisn and ilve the Note Holde��ny documents ih�
<br /> � � Note Hdder requira to etfeet the convenfoa. `
<br /> (!1) Gkwl�lb�of Plxer R�te
<br /> My acw. fUted initre=t r�te wlll be equtl to 1he (+eder�i N�tlontl Mort�ase A�soci�tlon's�equired na yktd�s '
<br /> - �'Y of p Qatc and tlntie of d�y speclQed by the Note Holder for(i)(f Ihe orfi1nn11erm o1'tld�Nete is ereeter�h�n 1�ya�s, ___
<br /> - __�_-_-.-�.__. �.p� 30�ye�r tixed n�a motl�a�e�covered by��lic�ble 60�day maodatory deltvery commltment�.plu:tiv�•ci�hihs of onc
<br /> _..;;,,,�;�,,,� percentqe point(0.625lr)�rounded to Ihe ne�re:t one•et�htl�ot ane perccn�a�c point(0.12S�i)�or(iq ii'�he orialnal
<br /> �.s1,,,��T-�-; �erm of thls Note is IS ye�rs or less� t3-year fixed rate mort��t4es covered by applicable 60-dty m�nd�tory dclivery
<br /> _ —`�'?r�°�';�.:��. ';'�°`� , commitments�plus nve-eiQhths of one percemaQe rotnt(O.b23�fi)�roundcd to�hc neare�t ano-ei�b�h of one percentaae
<br /> -- "�' �l"`�`-- point(0.1231i).!f thi�requtred net yfeld cannot be determined bec�uxe tlu applicable commitmenis are nol nvailoble,
<br /> ----- _��.�.�
<br /> —a=-�--- ---=� the Note Holder will dctermine my intere�t rate by ustn�comparable Infonnntfon,My new rate calcntated under tl�i: �_
<br /> ,�,���."��•!� �•. Secttan S(S)wlll not be�r¢atcr lhan thc Nl�xitnum Ra�c�tatcd tn Scction A(1))abuvc.
<br /> �'=�� ^ , tG� New P�ymeat Aa�ouNt *ad Et[ecllre U�le
<br /> '�6�".:,:_.�1.��::1.. .
<br /> �r���� If 1 choae ta exerctse the Conver�lon Option.the Note Holder wiil de�ermine the�mount of the monthty payment
<br /> '. th�t would�e sufttctent to repay the unpald princip�l I am expected to owe on the Converston Date in [ull on the
<br /> „�;,�:a,;;�.�,y,�,,,�; mtturity date at my new fixed intere:t r�te in�ubstmN�lly equal payments.The rault of thi:calcutation will be the
<br /> "' _,,�.,� . � . ncw�mount of my monthly pRyment. Be�innina with my first monthly p+�yment Rfur the Converaton Otte�!will
<br /> pay the new�mount��my monthly p�yment until the maturity date. -
<br /> � � 'f�,� � C. TRANSFBR OF THE PROPERTY OR A BENEFIGAL [NTEREST IN IIORROVYER
<br /> , t. Until 8orrower exerciut the Convenion Option under the conditions stated!n Sation B of thi:Adjustable �---
<br /> � . Rate Rtder� Uniform Covenant 17 of the Security Imtrument is�mended to retd u tollows:
<br /> , Tr�nster of the Properly o� �Renetictal Interal ln Ro�rower. If all or any part oP the P�operty or any interest
<br /> in it is sold or tran�ferred(or if A bc�eficial intcrat in Borrower Is sold ar transie�red and Borrower is not a natural
<br /> :' ' person)without Lender's prior w�itten consent, Lender may, at its option,rcquire imrrzedlate payment in full of all
<br /> � :ums:ecured by thls Security Inst�ument.However�thts optton shall not be exercised by Lender if exercise is prohtbited
<br /> by fedaral law as of the date of tt�is Secu�ity Instrument.Lender Also shall nat exerclsc this option if:(a)Borrower
<br /> _-_ - = can:ts ia be:ubonititd!a Ltndtr Informatlon r��!�(r�d by t.ender to evatua�e thc intenJed t�an:feree as iP o new loan
<br /> � were being made to the trAnsferee;and(b) Lender reASOnably dctcrmincs that Lender's security will not be impeired
<br /> j by the loan atsumptton and th�t the dsk of a brench oF any covenant or aQrcement in this Secuclty Instrument is acceptable
<br /> • , to Lender. '
<br /> • To the extent perm[tted by�pplicable law,I.ender mAy charge n reasonable fee as t condition to Lender's consent �-
<br /> i
<br /> to the loan R�sumpdon. Lende� al�o may requiro the transferee to sign an assumption agreement that is ncceptable E'-`
<br /> to Lender and that obliQata the tr+�nsferee to keep all the promisea and agreements made ta the Note and in thit Security ��
<br /> '�. Instrument.Hotrower will continue to be obli�ated under the Note and this Security Instrument unless Lende�rcleases ��•�
<br />, ��� , Borrower in wriHn�. �.��=
<br /> �i�, If Lender exercises the optlon to require immediate payment in full, Lender shall give Borrower notice oP ��-�
<br /> � �cceler�tion.The notice shRll provide a period a[not less than 30 dnys from the date the notice is delivered or matled ��
<br /> ' within whlch Bo�rower must pay�ll�umt secured by thi�Security Instrument. It'Borrower fails to pay these sums �,.
<br /> • � p�ior to the expi«tion of this pe�lod�Lender may invoke any remedies permitted by this Securtty Instrument wlthout �t�
<br /> further notice or demtnd on Horrower. I�"'
<br /> 2. If Botrower exe�cises lhe Canversion Option under thc conditions stated in Sect ton B of this Adjustable Rate
<br /> Rider.the amendment to Unifo�m Covenant 17 of the Security Instrument contained in Section C I above shall then �
<br /> ce�se to be in effect,�nd the provlsions of UniForm Cove�iant 17 of the Security[nstrument shall instead be in effect, ;
<br /> as follows: c�
<br /> Tr�ptter ot tbe Properly o�w Benetictel Intere�l ln Borrowe�. If all or any part of thc Property or any interest
<br /> in it i:sold or tr�nsferred(or If a beneficial interest ln Borrower is sold or transferred and Borrower is not a natural
<br /> ' person)without Lender's prior wcitten consent� Lender may. at its option,require im�nediate payment in F!dl of alt
<br /> . sums secured by this Security Insttumettt.However,ttiis option shail not be exercised by Lender if exercise is prohibfted
<br /> � by feder�l I�w as of the dAte of this Secucity Instrument.
<br /> ' � If Lender exereius this option,Lender shall give Borrower notice of accele�ation.The notice shall provide a period
<br /> `' j of not less than 30 days from the date the notice is delivcred or mailed witi�in wiiicl► 8orrower must pay all sums
<br /> secured by this Security Instrument.lf Horrower faits to pay t tuse sums prior to the exptration of this pertod.Lcndcr
<br /> � ' � mAy invoke�ny temedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> ' BY SIaNINO BBLOW�Borrower accepts and agrees to the terms aud covenunts contafned i�i tl�is Adjustable
<br /> �. i Rate Rider.
<br /> . 1 I
<br /> : � � �or.� � °�-.s��..'> (Seat)
<br /> , � I TOM L NIBL5BI1 Borrower
<br /> �� I DiC.di {Seal)
<br /> i LO S B NIBLSHN eorrower
<br /> ► �
<br /> ' (Seai)
<br /> Barower
<br /> I . , (Se�q
<br /> - � � • Botrowet
<br />
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