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<br /> ' � . B. F�lLED�N'Y'ERE�T�ATE vI�'D'[OI� - �- -- -- jU.,Ra'c5ie'F�S����� tert;t °
<br /> � ,�:e N�ta pruvi¢es'fnr the Bortower'a option tm c�nvcrt iro�an ssd .. ' �
<br /> � . , � xdte'timits ta a tixed Iaccrest rate.c�fo12o+�s: . . � ,
<br /> . S. �Iq?iN'�T RA�C4SNVE�S�i+1 OP'TI!!PI , � .
<br /> . (� 08tfas to CAn�!erd to�e��ste .' .
<br /> ` � I�iavc a Conrersian Qpilan that I¢an exercLe untess t am in d2fouli ar this Secttor S�(ay a�aot p�sttt �
<br /> � ` m�t�do sa.'fiit"Ennver�on€rtiu�t'•�m3�a}�tios�t�esuY2€t�inte;�st rat�I am ae�wuCd to paY bl►c�s'. � _ �.
<br /> � Nate.fmm s�a a�jizstg8le rate rvith iaterest rate fimits to�the fexed rate caic�IafeO�::�:c�inn 5(B)bets=vi+. < ', , �
<br /> 'The co�versinn can uniy tak�P1��o�g��s)specified by the Note I�ol�t�r durin2�ut��s:riod 6ep�nning
<br /> � � ' � oa ahe firse Change Date anB ending on ihe fift�6 Changs Date.Each date on�ahich my.���stab2�intertst . �
<br /> � rate can cunvcrt co tice n�r bxe�rate is calted the"Coavers�on Dste." � ; � . .
<br /> if I w�nt to exerdse the Conversioa Opt€on,l must firsc meet certain Cottdin°�•T'��'se�°IIdirians art _ �
<br /> �� that:�I must give the Ptate Holdu norice that I want ta do so;fu'}on the Canve►�io�Daie,I'must nat be
<br /> in defauit under tt�Note or the Security Ynsuument;C��by a date spuified�by the�tot��[oidei,i�aust isaY
<br /> she Nate Holder a coavecsion fee of U.fi.$ ����pQ :and C�)I A►u�t sigA.an�8�ve the Note :.
<br /> HoIder any doeumnents the Noie HoTder rec�uires to effect the conversioa_. ..
<br /> . (8)C�3c�n of Ftaed�tate . _ � ,
<br /> My ac�v.�xed interest rate wtll bc equal to t�e Pedera!National Moit�age Asso�cira.�an's required riet ,
<br /> yIe',�!as of a date aad t�o�.day specified 6y tlie Note Hatder far 4���8n�ra!s�°o�this Noie is . . _
<br /> � greater tha,a 1S S�rs, 3��. f�xed cate mozi�f�v�et �g :_a�?i�te C��d2.F ��7t-deli�rnsy�:�: ' -,-
<br /> e�i�ents��E�s fi��!#i'rg�of one perc�ntage pa'ma(0.625°laD;cea�detE�to the�arcat oae�.�a€s�y;�;:
<br /> �,-��„e g�:r,�t;�l��Z5%�;or(u7 if the arig�al term of t�is 1me is&�r,�, 's or tess.tS-Yea�=:fix�d a�t��"'�+ ,
<br /> .:;. �,��. co:�.tnr a�t�"icir�l��6ada�•rnanaatoa�►a�tnrery eo�it�G�,'`i��:..�e�eightus of a�e p�'?���'`w--�: ' .
<br /> '; " , (�:��'a y,�}�i t��p r,�tn¢he neatest one-�i�hth of aae g�ez�tta;zg:�:(��a7S�Jr).If ihi�requtite�c�5�:'#..�d�:t . .
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<br /> < �S�'�-"X�,l'p(�;,.?tf._,�E�L3�3}`��!C2G2@C4i�L--�iimenlSaI£IIS7I�v',.��.'r.�i4.�,'��Notel�oTd,°r-k�+�44et�:xuY��"�'w`*
<br /> �rd2e iiy usi�aR•a��'z}s��'�os�.�'�;e=n►nte catcu�ated un�c-�d:.�,Sa.�ina StHi)�n'fi�a���Se�reacer thaa .
<br /> � ' � the Maxlmnm:'1�r stas,�:i2�:'ction d(DT above. � . .
<br /> tG9 New.l'A�Yment Ar�acIIt sn�Effect�ve Date � • � .
<br /> ' If I choose to exercise the Converslon Option,the l�tote Holder wiU determiac the aEUOUBt of ihe monthly
<br /> payment that would be sufficieat to repay the unpaid Drincipal I azn expec�aed to ov�e ow the C�aversion Date � �
<br /> in fuU on the Maturity Date at my new fixed interest rate In substaatiali�equal pag�tiv:cits.The resuIt of tFus
<br /> " caiculation�vill be the ne�v amount of my�conthiy payment.Eepnning��th my tie�t mnnthlp payrnent after
<br /> the Conversiaa Date.I wiil pay,the netiv amount us my rtonthly paymcnt until th�Maturlty Date. �
<br /> C.TRANSFER OF TI�E PROPERTY OR A BENE�iC1AL INTEREST IN BQ�iROWER
<br /> 1:Unttl �orro�ver exercises the Conversion Opston under the condttions btaetd in 5ectIon 8 of �his •
<br /> Adjustable Rate Rider, Untform Covenant 17 of the Securiry Instcument is amet�d to read ag foltowe:.
<br /> Transfer of the Property or a Benef�cia!Interest in Borrower.lf al!or any past of the ProDcsty or ac�y
<br /> interest in it is sold or uansferred(or if a beneficial interest in Barrotivc�r is solc�or trazysfened and Honower
<br /> is not a natural person)without Lender's prior�vritten consent.Lender may.at its opzion,require imniediate
<br /> payment in full of all sums sec��red by tHis Security instrument.HoKever,•�as o�cicc�shall not be exercjsaD
<br /> 6y l..ender if.exercise is prohibited by federal tativ as of the date of this Security In�ts�ent.Lender aL4�haA
<br /> not exercise�ri�option if:(a)Borrower causes to be submitted to Lender inforasation reyuired by Lender
<br /> ' cm evatuate tt�i�tended uansferee as if a ne�v toan were beir�v,�nade co the transferce;asd N)1.ender reasonably
<br /> ��;�aiacs that L,ender's security will not be impaired by the loan assumption ar�3 ihat the risk of a breach .
<br /> _ ��any cc>venant or agreement in this Secudty instnam�t is acceptable to I.�n��r.
<br /> • To the��c::ni permiued by applicable ta�v,Lender may char�e a reasonabde fee as a condltion to Lender's
<br /> � consent to E.rn Coan assumprion.I.ender aiso may require the trans€eree to sign ars assumption agreemeat that
<br />= is acceptab;e ta Lender an.d chzi obligates the transferee to keep all the ptomises a��agreements made in the
<br /> ' Note and ia this Securic�x�j4t:�ument.Borrower will condnue to be obtigated ur.der the Note and this Security
<br /> - ' Instrument ar°ss l,ettdc'r cd.eases Bono�vcr in�vriring.
<br />- � If l.e��:esterc(ses the option to require immediate paymeree an full.l.�nder sha12 give Bonower notice . -
<br /> - uf acceleraric:�.The notice sha11 provide a period of not tess than 3Q dags fram ttu3 date the notice is delivered , �
<br /> � or inailed within which Borrower must pay all sums secured by this 5ecurity iru�t�ument. If Borrower fails =
<br /> to pay these sums prior to the expiradon of this period,Leader may invoke anJ v�medies permitted by this
<br /> Securiry Instrument without further nat�ce or demand on Borrower. _
<br /> � 2.�If Borrower exercises th�Conversion Option under the conditions stated ia Section H of tiils Adjustable
<br /> - � � Rate Rlder,t�eamendme�t tv Unifonn Covenant!7 of the Security lnstrument co�t:,iaed in Section C 1 above
<br />_ . shalt then cease to be in effmct,and the provisIons of Uniform Covenant 17 of the Securlry Instrument shall
<br /> insteaA 6e in effect.as follo�vs: �
<br /> ' Traasder ot the Properiy or a Benefici9l Interest In Borrower.If all or an/part of the Property or any
<br /> - inter�st in it is'sold or transferred(or if a beueficial interest in Borro�ver is sol�o:transferred and�orrower
<br /> ' is uot a natural person)�+rithout Leader's prior�vritten consent.Lender may,at;t�option,require immetllate
<br /> - payment in�t:.11 of all sums secured by this 5ecurity Enstniment.However,ttis o;,tion shall not be exercised
<br /> _ ' .i�� �,,eade.i4'exercise is prohibiterl by federal la}��of the date of this Security Instrument.
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