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<br />_- ���;� .a tf I waid tu cxcrcitc 16r,t;n�wcralan OpUu�w, 1 mu�! flrst mcet ccrinf�►concH�lo»�s.'1'hosc cundUtau+a�a K+ntc{ii,�w _—
<br /> I n�ual�Ive�i�e Nole Holdcr nuUce tt�*t 1 want ta do ao;(1i)ost lUc Cnnvrralu�o Ualc.l t�tusl nol (uc I��defouU unci�r �
<br /> 11u Mote or Ilte Secu�(ty Insltttnxnl;(NI)by�date s�xc{fied by Ihe Note 1{o0dcr,1+nus1��ey Ihe No1e E foldsr n convtisinn
<br /> tee at�I.S.S �50.00 , ;end(Iv)1 mu�e al�n�c�d{Ive 16e Nntt Halder tny dncumenitr li�e �
<br /> _ Note Noldnc requires la et�eN Itie converston. � —
<br /> t�—.---__-� 1i11 Cadcul�llaa ot�ixed Itete
<br /> My new.fixed (nlerest r�le wlll be equnl to the Pederal Nrlioaot Mmte,�ege Aasociattnn'a reqnire�I��ii�t yir.id a� `'� �
<br /> v�n date and tinu o�dey apecipcd by the Nole!loldxr�nr(i)i�tbe ati�inal ler�9�af thla Nnte{t d�enic�(hpm IS yeero, �
<br /> - -- 3q-yenr fixed rate n�ortdaees coverecf by e�shqcnbte 60-dny mendntory dclivery conunitmeate.plus(ive:•einfll�tn aP�nne
<br />- - perceutaae�anlnl(0.6?.S'K),roundc�l to tl�c nnresl one�eigl�llt of onr�xrccnlesa�x+int�O.iZSSi),or(ti)iC ItGn orlginel
<br /> te�m of tida Nbte is 13 yenrs or las. IS-ye�r fixed rAie morl�e�q cnverrd by npp�icnbfe fi0•dey tnandtltcary.daltvery
<br /> �_ commitrnanls,pfua five•eighths oione percent�sc poft�l(t1.G2S�i).roundeel tolhc ae�rcal ane•elehth af ona por�entc�ge
<br /> - poinl(0.125 R3).if U�is rcqui�ed uel yfeld ennnot bc determined bernuse ttie an��ticabte comn�itntaits nra natnv�ntli�hle. ° °
<br /> ° tira Nota Nolde�wUI dcicrmine a�y Interest rale by ushig com�m�ablc htfurnmHnn.W1y nsw ratecaleulntaci�u��der Ihis
<br /> �:; SecNan 3(If)wiQ uot be grenicr thmi die Mnxtnnon Rme stnteel in Scrtinn 4z1))�Nuve.
<br /> (t,� IVew P�pmenl Amounl �nd Btseelire q�te
<br /> If 1 choosa to exercfae tt�e Converaion Opqo».the Note Elolder will delermins Ibe an�ou�+t o�td�e mantEtfy prymm�t —
<br /> that wou1J be aufQcient to repny the unpaid pdncipal l �m ea�xciecl to owe oa tlu Converaton Unt�:tn tull�on U�e _
<br /> �natu�ity date at my new 6iae�!t�tcrest rate in substantfaliy cqua!paymeiite.The rectdt of IUtts cniauls�tfan.wlll 6e lhe � :
<br /> new qsnoutU of my mmUldy payment.�eainntne witl�my firat m�nlbty{sayn�eut atte�lhe Con�orsian Uate. 1 will� __-- -
<br /> .«� . . Itny lhe ��ow amvunt aa �e�y montldy payment until llie tnnturity dele. --�-
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<br /> C. 7'ItAN3�'E!t U�'tHB PRUPEIt'!'Y U!t A IIENLFIGIAL IN'1'�:It1�.ST IlV AUttItUW1:R 0:;;-''���
<br /> 1. Uutil Borrower exercise.�the Conversion Option under tl�e cvnditio��s atnted in Sceltn+nF�oF thtn Adjustable --�;
<br /> Rate Rtder. Unifonn Covenent 17 of the Secu�ity I��atrument is�tnencted to reed as tollowa:. I;°�-
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<br /> :-. �FT_• '1'�ans(er ot Ittc Prnperty ur�Denetici�t lnte�l tn ilo�rmver. It aH vr eny pnrl of tl�e Property ar auy intetest :�:;�
<br /> , tn it ia sold ot trans�erred(or if a benetfcinl i��leresi i��lior�ower ta aold a�tran4ferred end Dotreswar is not A natu��l .�;r;:`
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<br /> N '�n. .:�:�,<, person)without Lender's prior�vrilten conse��t. Lender may.A1 its optlo�t,tequlte imntedinta p�tytnant ht full of all ��:�;'•��;�-
<br /> -- __ t �+�� a'�'�'' sums aecured bg t6is Secudty[nst�umcal.Flo�vever,tl�is optio��almll not be eaerci.ud by Lend�r.iDaxercise in praldWted s��'�.
<br /> ��' ��'� by federel l�w as of Il�e date nf tids Security Inst�unuul. I.ender elso sball oM exercise IIdS apt tnn if�(�)i�arrower ��,s:''_
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<br /> �;y;�,.;�: ;4;f,,�:. cauaw to be submitted t�Lcncle�infarma�io»rcquired by t.ender lo evrlunte QD�e intcndcd ttnntf�rete a�if a ttatv ie�m� � {,�;(�.
<br /> � ;.,s;,�:��:.•�,::. . • °- wcrc beiug mncle to Ihe�cangfetcc;ntiJ(b)Lcndcr reatonably Jctcnnincs Iliai V.cucicr s sccurity wllf no� bc impnire�l �;fjt}�.�;
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<br /> .. �, �i'�:'�, :: ., .� °'; bY Ilce loan nasumptiou anJ tbot tlee risk of o brencb o�ray cnvennnl o�agreeaunt in�bis Secudty inctn�urcnt is ncecpt�ble r�,5=:'
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<br /> ��'�. ��"��' � �,r�;-: .� t� Lender. : .
<br /> :{4"'�-y�;��� �~. �,`'�`� '� To Il�e eatent petuiiUed by appNc�ble law.Lende�may cUa�ge n reaaonable fee ea a condttibn lu I.euder's consent
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<br /> � .;.•:,: .. .::..,;.,.:,� tn Urc laan asaumption. Len�er also may «qnire 4hx treosteree to aign a�assumption egreement thAt is accentc�ble
<br />= !tia�{����,��•�r�*:-�' to Lender aad thnt obliEates tUe transferee to keep n�l II�x promtsey end agreen►ents made in Uie Nat�aud(n thts Security
<br /> �"'"�"'`'�"`?"`""�"'''� Inalrument.borrower witl continue to be obitgated under tbe Note end thts Secartty Instrume�ri�unless Le��dn relec+ses
<br /> '"�,."'�`, ` ` ' �,�,.'`' Ilorrower tn wrfttng.
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<br /> ���-1� � ��""•�'� If Lender exercisea the option to �equlre immaliete pey�nent in full, Lender s6alligiue IlnrQOwer notfce o[ t•,;;ti,.
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<br /> 1 . ,��t,Y.:� accelecetion.Tl�e nottce a�ll provEde a periocl of not leas than 30 daya from U�r date(lte�tnliCe iK delivercd or maileJ ,�.. ,
<br /> 'y:rt+����'"`'�•.""�. °' witliin wl�ich Borrowa tnus!pay eil sums secured by tl�is Sautity tustrument.if iJor�owor fnilg to pay thes�anu�s
<br /> ��'� ��``�'T``��`=���;'!�. � prior to tlee escntralion of it�ia periqc�.[.euder rnHy invoke any remedfea permiUeJ by tl�is Securily Instruenent wi�lawue
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<br /> . :�'����-h-': =�•:." turthcr noCiee or demend on Borrowar.
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<br /> �=i��' " 2, li Iiorrvwer eaevcises tUe Couversion Opzian under tl�e cottdUions slated in Sectton B ot t6is Ad�a�sinble Rute
<br /> � � •*,^:- �� tttder.tl�e amendment tm Uniform Covenant 17 07 tl�e 3ecurity Instrument mntained in Secttnn C t abo�e sheil then
<br /> . ' 3 ' 11� ' ceaae to be�n etfat.and il�e provisio�u of lfnb6�c.m Covenant l7 of U�e Security Insttument shell insiead be in effect.
<br /> �: . . . ,. , es fottowa:
<br /> ' .:,i, T��nater ot the Prmp�erly or�Iteneltclel l�Ge�esl tn Dor�uwer. U all nr auy part of tUe Propctey or any intereal ;,
<br /> . . .
<br /> � " fn it la aold or transferra��D(or if a berte[icial indeee�t in Dorrower is sold or ir�naferred and Bnnowcr i�nnt a natural �,;
<br /> �s��^�V�` •- . pttson)wtthout l.ender'a prior written coiiseut. La�der may�at its aption,t�uiro immmlipte psyme��t in fttll of alI �r•;`�
<br /> �:� : swns secu�c!by diis Securily Instcument.l towever.Uti�opUan alrell not be exerdaed by Lendesr if exercise is prohibite�
<br /> � � , . - by tcdera9law as of U�e date o�ti�is Secudty Insiruroent.
<br /> ° tf LenJer exerdsea tliia option.t.ender sliatt give l3orrower no�ice of�cceleratlo».7he notta sital!provide a period
<br /> � af not less Uusn 30 deys from tUe dak the uoltce Is deUvetEd or mnilecl wiiG�in which Uocraver must pny all sums �' .
<br /> " • secured by titia Seeurity tnatrument.lf iiorro�ver feil�to pay these sums prior to tl�e expltation o[tltis period.Lender •
<br /> ° may invoke eny remedies perndtted by tlda Securtty Insttumenl witltvut further aotice or cle�t�nnd on [lorrower.
<br /> ' - � BY 3(ONINO DBLOW�Ilotro�ver accepta end egtee�tn Il�e terms anJ cnvennnts containec!in tl�is Acijustnble �'��
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