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<br /> �, . il�o'��'• ep,r� • --"
<br /> � '�.A,r f�t• --� _
<br /> �i'�/� �,� y� -- - -
<br /> ��'"l0.49g9 . �
<br /> �� � 1�1�I+in!IQ�arcise iht Canverslon�plfon, � muit (irst meat c�rlNln cnndi�{anr. Tho�e condl�inus rre lh��:(i►
<br /> 1 m�nt divt Ihe Nale llolder nwict�hu t wrnt ro do sa; (Ii)nn Ilu Canvrnion U��c� 1 mutl nn� be ln def�utt un�er
<br /> �� �he Ndr or the SecurUy InaMrumenr(ifi)by a date speclfied by Ihe Nntr tlotder,l mu�1 p�y 1he Nule Hnider a cohvs«lan
<br /> fee of U.5.� 250,pD ;�nd(ivy!mu�l sidn�nd�Ive�lie OVote lialder�ny clocuments�he _
<br /> �°m`�'""�" Note HaWer rayulres lu rffect the cnnveriiun.
<br /> (!!) cwleulrlloN or Flxed R�Ic '
<br /> My new, Qxed(nteral r�te wfll be equd ro !he i'edc��i NxUand MartBa�e Aitociuion's�equired nrt yinid�y
<br /> of e date and Ilnte of day tpeclfitd by Ilse Note Holder for(1)if�lie orf�ival tenn o[thii Nolt is�re�ler�hwn 13 ye�n,
<br /> �� 3Q-year fixed r�te mort�a{es covrred by�pplic�bie 6Q•Aay mendn[ory dcliverp cummilmeats,plus fivc-ci�i��l►s of une
<br /> percent�je polnt(0.625lU),rounded Io Urc nearesi onc•d�tnh of one percenu�c polnt{OJ25�6),or(il)if�he ori�lnd
<br /> term of thls No1e is IS years or less, 15•year (ixed t�te mortgages covered by a�plic:able 6Q-d�y mandatory delivery
<br /> S ronndcd to�be nenres►ane•el I��N of one ptrcan�aQ�
<br /> . rce la e �olnl O.b2 !i e
<br /> cammitments� lus five•ci�hth�of one pe n � � S ?�
<br /> r
<br /> ��� point(0.125�by.lf Ihis requl�ed na yfelJ cannot be determined becau�e Ihe applicabie commi�ments nre not availabic, -
<br /> the Note Holder wil)determine my interest rate by using comparable informntfan.My new ra�e calculatcd under Qds
<br /> ':, Srr�{on S(B) w(II not be jrcnicr than tl�e MpxLnum Rntc s�ntecl in Scction A(D) nhuvc.
<br /> i IC:) New P�Yment AmouNl�Nd Etteellre Uala
<br /> 1 f 1 chaase to exa�clse the Comerslon Option.the Note Hnlder will determine tht amount oP tlie monthly payment
<br /> thwt wau[d be sufAcient to repay the unpaid princip�l I�m expected to owe on the Converaian Date in full on the —
<br /> ,.�. :a�.a;urity daic at my n.ar tixaS interest raie in�abalnn�fslly equnl peymenls.The r�ult�f this calculatinn w1116e thc �
<br /> � �f:; r.ew Amount af tny monthly p�yment. Be�innin�wtth my first monthly payment after the Conversion Dnte,I will
<br /> .�.,,,F�<<;,;:,�,=;��, pay the rtcw amount �s my monihly p�yment until the mawrity date. --_.-
<br /> , r. , • ---_
<br /> C. TRANSFIdHt OF THE PIROPERT9(OR A BENEFIGIAL IN'TERES'�IN (1QRROWER
<br /> .��;:.;::.';=�� .�, "� 1. Until Borrowct exerclses tha Converst�n Optton uttder the conditions steteA in Scction S ot Ihis Adjusteble __
<br /> ' �!tz�.�t..�tr'�:r Rmte Ridcr, Uni[orm Coven�nt 1T oi the Sccurity lnstrument is amended to read as follows: �
<br /> ..'•,���\'`�;,i...�, � ---
<br /> . ;f�F.ti6�;,�ra4.�: ,.'
<br /> Trana(er of lhe Praperly or�Oeneficid Inleral ln[�orrower. If all or any part of the Properly or uny interrst �,�r_
<br /> +':'�i�-_.�ti'�a'� � in it is sold or transferred(or if a beneficial interat in Borrower is sold or transferred and I�orrowcr is not a natural – _
<br /> T �., ���
<br /> J `'! � _ , person)wlthout Lender'a prior wrhten consent,Lender mey�at its optton.require immediate payment 1n�ull of aU .�„
<br /> "" sums secured by this Securtty�nstrument.However.this optian shap not be exerciscd by�.ender if exercise is prflhibt�ed �.�',,,
<br /> �=�'"�'���=-•, '� '� by fedenl taw ea of the date�of this 3ecur[ry Insirumanl. Lender elso sNnll�ot exercise Infs aption ii: (a)uorrower �
<br /> . ,a�.�. ... ,.. ; �'t%:�
<br /> ca��ses to be suba�itted t�Lendcr infurmatton «qui�csl by Lender�o cvaluatc the intcnded lrnnsteree ps if a new loan F��--
<br /> , �� . � were being mAde to 1he t�Ansfcree;and(b) Lcnder reasanably detcrmincs that Lendcr'a security will not be impairec! 4�:=-
<br /> ':� by the loAn assumption and that the risk of e breach oiany wvenunt or agreement in this Securlty lastrument is acceptable �`ei;�:
<br /> ' • � ta Lender. -
<br /> ' To the extsnt parmitted by appllc�ble lew.Lender x�ny chnrge e reasonable fee as a condltion to Lender's consent �`�b
<br /> •� � to the loan Rsaumption. Lender alsn may requlre the transferee to sign an assumption pgreement that is acceptable
<br /> , ,,�;.,,,,... . _ to I.ender end that obliY�tta the Iransferee¢a keep all ihe promisa and egreements made in the N�se and In this Secudty � �--
<br /> �•}; •. � • - Instrument.Borrower will condnue ta be oblig�ted under the Notc artd thts Security Iustrumcnt�nfcss Lender roleases
<br /> � ,• .
<br /> • �"w� �� � _ Borrawer in w�itin�.
<br /> '�iYSY.I�J�.. ...A'.`�
<br /> ��.�,�,�s,.:• ..�. If Lender exercisa the opdon to rcquire (mmcdiate payment in full. Lender shall give Burrower notice of
<br /> ��*��n��••- tcceler�tion.The notice shall provide�period of not less then 30 days from the date the nottce js delivered or meiled j
<br /> '��^'^���;�:�'+•'::"' ' within which Borrower must pay al1 aums secured by this Securi¢y lnsirument. If Borrowor faila to pay thcse sums !
<br /> -'���••����- •��� riat to the ex ir�tlon oi'thia riod,Lender mo invoke an remedies permitted by this Sccurtty Instrumtni wilf�nut I
<br /> , .:;�:�t...`;_. . . P p P� Y Y
<br /> ..„..,,� . � . further nottce or drmmd on Borrower.
<br /> .�..°�.�.
<br /> .•,,...�• 2. If Borrower exercises the Converston Option under the conditions stnted in Section B of this AdJuslabla Rate �
<br /> •:-.
<br /> �,��,:�. Ride�.the amendm�nt to Uniform Covenant 17 oi the Security Instrument contained in Se�tion C t above shetl then �
<br /> }' ceue to bc in effect,and the provislona of Uniform Covaiant 17 of thc Security Instrument shnll instcad be in effect. i
<br /> ,
<br /> • .- ;��- as follows: �
<br /> rt
<br /> ' h ��� Tneu[er o(lhe Propacly o��Beaeticld Intereat In Borrowe�. If all or any part oF the Property or any intcrest
<br /> i�it is told or itans[erred(or if a beneficlal interest 1n Borrower is sold or transferted and Borrower is not a natural �
<br /> .. ��}7`ti'(-, }_,,. � peraon)withaut Lender'�prior wriuen consent� Lender mny.at its optton,�equire immediate payment in full oF ull �
<br /> "!�'•::��:� ; sums aecured by this 3ecurtty Instrument.However�lhis opifon shali not be exercised by Lender if exercise is prohibitecE
<br /> '�-!�� by federal law as of ihe date of tttls Secutity Instru��nent.
<br /> • � If Lender exercises thi�option.Lendar sl�all give Borrower nflttcc of ucccleration.The noticc shsll nrovidc a periad �
<br />_ . �� of not lcen than 30 d�ys from!hc date thc natice is delivered or mailed wUhin whfch Borrower must pny nU sums
<br /> secured by thi:Security Instrument.lf Bortower fails to pay these sums prior to tlie exp3catsor�mF this period,Lcndcr
<br />_ ,r�-� �� m�y invoke�ny remcdies permitted by thia Security Instrument without Curthcr noticc or cZerrtand on Horrowcr.
<br />- � i
<br /> •. HY SIaNINO HELCDW�Borrower accepts anc�Agrees to the terms uiid covenueits contained in tiiis Acljus�abi= , ,
<br /> � Ratc Ridcr.
<br /> .
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<br />-�� I ' �" (Seal)
<br /> ' � BorroWer
<br /> �� ��r; . .. T (Seal)
<br /> '`' 9orrower
<br /> I : .. A'
<br /> � � �
<br /> � r . . .. � Borra�ver
<br /> � ,. ( Ca)
<br /> i�l�.�,"��Y�...
<br /> .�fR.. ��.
<br /> .. , . ($ta�)
<br /> • Borrowtr
<br /> 4
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