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<br />:'�-,, . , ,� �!I want ro axerctsa tha Cor►vaetan Optbn, I mu�t lirtt rtwM certaln aand�bna.Yhosa cond;llan�aro lhnt: (q I rnuat pMo tho Nnto .___ _
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<br /> � .:�r;:•',,.;;•k�`:. , Holdoc notiC�thaf l wutt to do�o;(i� on ttw ConwnWn Q�to, 1 mu�t not bo in d9tauR undw lho Note or Qhe Scwurk�i�nstC�'�1'mael I ,
<br />�:�:'°` . • by e dlt�s,pDCM'Ssd by the Nots HoidK,�mud piy the Not�Notd�r a convaubn ta of U.B.{�Q,r.4�
<br /> '-s:;;;�.w,,,�,;_,T.�, dipn tnd phn th�Not�HoMl�►rny dooument�lhe Noto Holciw r9qulre�to ettoot the Qonverabn. „___
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<br />_-� ��'��`':"��.`�r„''• (�) C�IcutaUore of itxed Rate ' � —
<br />�� _• •, .,��l My n�w,�d htlr�st nio w1N b�equal to the fed�ral HortN Loan Mort��Corporatbn's req�Yed nst yteid as ot a Aeta and time �
<br />���� 01 dt y e p s cki�d b y th�Nots Mo1dK for(� M th�oriQNtl l�rtn o}thN Nnt� b prsater thu► 15 Y�s� �Y�r Ibced rate mortpapes covered i
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<br />;a`: • � by appYCabl�60�d4y mondttory deWwy commkmente�Pwa threo�alphtha o}ons perantape Roht(0.376%), or(A)H t h0 a r i p i n a l t e r m o}t h i 5
<br />�.'.� �r� .�'' IJOtU 19 1fi y6Yte 01 1080� 1Gyear fEced rnts mortQt9es covered bY�pPiicabk 60�d+y mandatory delNory commftmente, q�lua three�eqhths ot -
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<br />�`'� � � � ono p�rcent�p� poht(0.37676). f}thb roqufrad n�t ykld cannot be detormined because tho epptica�la commltmantc aro no!nvelabk�,the — _
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<br />::�.no; , , • Noto Hoktet wIM dN�rmh�my hte�e�t nt�by uahp ocmparabw htomatbn.My new rat�ca�utstad under thf� Seatbn 6(B)wiil not be . , . . .,�,r�_
<br />-�� • ., prAater lhan tha Moxhwm Rate auted In Sectbn 4(0)above. �
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<br />;;�. : (C) Naw Psyment Amount end ENectivA Dete =
<br />����'�•�,r�-'•� .� If I ohooa� to �ourafs� tha Co�:wrabn Optbn, the Nots Holdar wfH dotwmh� the emount of the monthy payment that woutd be _ �,,s9►.-<_
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<br /> ,�, sotffolw�t to r�say the unp�ld prhofpd I am expected to owe on the Conversbn Dato h lull on the meturity date aC my new Ibced �,}_�{��.`
<br />� htere3t ra!e In substantinly equal p�ymenta. Zhe rosuk of thls ca�utatbn wIq 6e the new emount of my month(y peyment. 8:a�nlnp �sa���•�
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<br /> • �� � � • ' , wRb my Nr�t monthy paym�nt�ftor tha Conversbn Oate,I wfN psy the nsw omount as my monthy psyment until the maturiry data. r��•�•"�
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<br />_�, .: � C. TRANSFER OF THE PROPEFiTY 0(i A BE�EFIGIf�l. INTEREST IN BARROWER . .
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<br /> 1.UntY Bortower exeoclsoa the Converebn Optbn ue�der the conditbne stated h Sectbn B of this AdJ�stabie Rate Rider,UnHOrtn r:Y�.�.y ___
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<br />-� � Covw�tnt 17 of th�S�curity MsGvmmt Is art�endad to read Ys tQNows: . - .
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<br />:;. : TRANSFER OF THE PROPC•RTY OR A BHNEFICIAI.It+7�'�RES'i IN BOF�IOWEH.I}au or ony pelt of thA Property or any hterest In R Is ,. �y -��_,�._
<br /> , sold or Uanslar»d(or Y a benaftch�interest In BoROwer b saW or Vanetorred and Bortower fs not a natural percon)wRhoul Lenders prlor � �+Q =:_
<br /> � ' wrkten consont, Lend�r m+�y. at ke optbn, requlra hxnedfats paymar►t h NN of 411 euma secured by this Saourky InsWment. However, .,;�z
<br /> � " this optbn ehaM not b�eoceroised by Lsnde�R exerotse b prohbHed by federal law ea ot the date of this Securi¢y InsWment. Lendar also M; ---e-—
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<br /> n _�u nm �.rr.t,ea thls ontion W. (a)Bortower causes t0 be su0milted to l.ender hfarmatbn raquired by Lender to evBlunte the �� , � _
<br /> � Intend�d Van=lare��s R�new ben were bainp rtude to the trenaleree; and (b) I.ender reasonaby uetertnnes t�a�Zender'a omi;i����+
<br />�' �� � wiN nat ba h}pufnd 6y ths Iwn aesumptbn and thn4 tha rktk ot a breach ot any covenant ar apreemont In this 8eaurity InsWment Is
<br />' acceptubl�to Lender. °
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<br />� '� To the extent pamRted by eppl�abl0 law. Lendar may charpo a �oasonabie(ee es a condRbn to Lenders consent �o the ben s,_
<br />- . assumptbn. l.aidar may atso raqufro tho tronsteree to efpn en assumptbn aflreoment that Ns acceptable to Lender end thnt oblipttes the
<br /> � trenaferao to kap aN tho prcmhes end op��nea;s mnda h lh� Nota and In thfs 5ecuriry Instrument. eortower wfll Conthue to be : � . ,I :
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<br /> .:. :, ;�t'•• • oblipet�d under lh�Not�nnd thb Security Instrument unleas Lender reieaaes Bortower In wrkhq. � , , ,;
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<br /> I}Lender axrrciaee ths option to roquire hxnsdi�te paymont h tuM,Lendar 6hai1 plve Borrower notke ot nccetern2bn. The not�e shnU (1� .��
<br /> �, . .�� � provlde e perbd of not less than 30 d8ys from the date the not�e is delNered or maibd wkhh wh�h Borrower must pAy a��
<br />'��;,.;.:,'.;„�,, sums aecurod by Chb Securky InsWmenG If Borrower laib to pay those sums prbr to tho exphatbn oi this perlod, lender may '�!�
<br /> t+•. �•-��i_��• • hvoke anp remedbs pem�ttted by this Security InsWment wkhout further notiCe or danand on Bortowa. '�� ,�� `-��`- -
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<br /> � 2.I! BortnwK wwnal5es the Cnnversbn Optbn undor the condkbn�steted In Seatbn B of this Adjustable Rate Rlder,the amondment '�•�;;J,; ;; �. ��:-�
<br /> . to UnNorm Cownant 17 e!tho SocurNy InsWment containad In Soctbn C1 nbove shall the�ceaso to ba In eHect, nnd tha provlsWns _
<br /> ,�. � �� " .. of UnNam Covan�nt 17 of tM Socurky lnstrument sheb NsteaO b�in eNect,as folbws:
<br /> TAqNSFER QF THE PROPERIY OR A BENEFICIAL IN7ERE3T IN BORROWER.II aN or eny paR of tho Proporty or any fnterest h k Is � ' S:¢.
<br /> ' soW ar tnmferrod(or M a benafblal hterest b dortowor Ig sotd or transfarred and Bortower b not a netuml pwson)wkhout Lende�s prbr ��'
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<br />'� . wr�ten consent,Lenckr may,nt ka optbn, roqulro hxnediata ptymont h tutl o} e8 sums 6ecured by this Securky InaWment. Howavor, , : �-••"
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<br /> thls optbn ahaN rtot h�exerck�d by Lender M exercka Is ProhbRod by foderel law es of the date of lhfs Socurity InsWment. ��M, �,
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<br /> ;f L�nder�xerais�s thh optbn, Lsnder aheM qlve BoROwer notice ot acceleratbn. 'Tha notVCe shaN provlde a pedod of not less than � {'�;
<br /> -�.�; 3p daya from the d�ta ths notice Is deitveted or mailed wRhin whbh Borrower must pny au oums socurod by this Socurity �
<br /> ' ; InLWment.�I BoROwer fails to pey thase cums prfor tn the e�lratbn of thi�porbd, Londer may Invoke any romadies pertnitted by ,�+
<br /> thls SecurRy U�Wment wkhcut NRher nol�Y ar demand on Borrower. I� • �
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<br /> ! BY SI(iNiNO BELOW, BoROwe►accepts and aprees to the terms and covenants contahed h this AdJustable Rate Ridor. �
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