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<br /> i•uir Ilu�(t�to a fixe.3 Intfrrst rat�� as fn'llcw�: �
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<br />__:-_..�=�:�,v.• 4�. t�Y4Y:n�l 1P�'i�f���:;fii' �2h'M`F�,('11'dVl'.I�,�;1ClPd&.'��"!"i .,
<br /> � (A) UPtiuK to Coeverl tu E'�xcA RaYe . -
<br /> y� i l�ave a e�n��ersioE�Option Ehat i c:�n exercise unless I nm irt defr.vlt or chis Sef:tiun S�A!wili not permit •
<br /> mc to c;a sn.'1'hu"Conversian O�tion"is rny o�iio�i fo convert dee intcrest rate t am reruireci to pay by thit
<br /> Notc froan An adjustuBle ratc wlt}�interes4 r�it�1_icnits to the Cexe�i rate c�lrulateci und:c Scc�tiort �(�1➢ b��aw• .
<br /> ;�''� The convers3o�a cau eni�t�ke�latM�n tt daa�{s)sl�cclEied bv ths Natt FIQlder duree�y:ri�P;�ricxi bc8irning
<br /> ___ __._. . ux�thc 6irst ChanBe llate and cn�lina cr�s t!1°fiPtti Ciisnge I)atr.Encli tlate on�vblv��r,Y�,nd3usta6le interest
<br /> raYe c�ct convert to the new �xe�rate is callcd tiie "�:unversi�n i3at�.° ,
<br /> If I�vant to cx�rcise the Converst�n�Oplian, I must 6rst moct cerfaGi+�ffp/litd�,�tn„"i'i�osa conditions ace _.
<br /> thHr.(i)[ must gAV�thc Notc ffulder natice that Y want to do sa;{Ii)on the Co►��r�rsion Date,E must nat�ie ___
<br /> in dci'ault undce tli�Note or ti�e Security Instrument;(iii)by a datr specifie�b)She Mot�Holder.l rnust t3ay _
<br /> the Note Ho1dGr�canvcrsion fce af U.S.S 250v00 ;and(iv)I �x�usc sign a�d�ive tl►e N�tc __
<br /> ��plder any documents the Note Hmlder re�uires to effect the cc*nvers{ou..:,, ,
<br /> -- -- (�rs).a:.�Ecoiativn o?F��e���e
<br /> �� � My i�e�v, �xe�i interest rate �vill�� �yu�l.do t[ie�'e�leral Natidnal Mortgd$�A5fi0Cl�tlp71'S StQ11Li;�if���:'x:,�. _
<br /> ,T„,�;;.,� yield as of a d�te and time af c4��p�r,p�si•f.et��by the letot�: �Fvic'nr �for (i)if the origin�l t�r��,S+f tliis i�d�w"i5
<br /> ""- _ ��•cater than 15 years, 3(1-year !'sged;�ute mortgages co�le�Ctl.�J nAPlicablc 60-day uiaeiAatory delivery
<br /> commi!ments,plus five•eighths of one percentage poini(0.625�'0),raUndeci to the nearest one-ciBhth of ons
<br /> = percentage point(D_i2S�'o),or�ii)if the original tcrm of this Note.is I S yeAZS or Icss,f S-year fixed r�te rrxortgagcs
<br />-------- covered by applicable 64-day mandatory delivery commitments, plus fivr_-eighths of one peroentage paint _ _
<br /> (0.62So;o).raunded ta the nearesc one-eighih of ujie{�crcentage poi�t(0.125°'a).It ihis reqeire�n=.c yield cannot _
<br /> be deter�niued because the Applic�ble cemmitmenes are not a��ailable.the Noie Holder will determine my interest ___
<br /> rate by using comparabfe information.iVly ne�v rate calcu[ated under this Ssction 5(B)�vill not be greater than
<br /> the Maximum Rate stated in Sectiqn 4tD)ahove.
<br /> (G� i�lew�Ay�uent Amoant�n���iceiirc iiaic
<br />-- --= If[choose to exercise the Con��Prsion Optian,the Note Holder�viU determine the an�.ountof the monili{y
<br /> ._ -- paycnent eha¢aould be suf�cient to etpa;+.the uiiF��d Pnncipal I am expeeted to otive on¢he Conversion Uate
<br /> '`a in full on the Mat�rity Date at m�ne�v [ix�:d interest rate in substantially equat payments.The result of this
<br /> calculntion will be the ne�v amount of my monthly payment. Beginning w9ch my Crst mo�thly paym�nt after ___
<br /> -� thc Conversion Datc, I wlll pay the neev amount as my monthly payment until the Maturity Aate. _
<br />_�,��� C. TI�i�S�'ER a►F THE PRl�6'ERTY OR A BENE�[C1A�„INTE4tEST IN B�RR(DWER
<br /> .:;,-K,� 1. �t;�til Borro�ver exercises she Conversian Option under the canditions stated in Section B of this
<br />=='�=��-� Adjustable Rate Rider. Uniform Covenant 17 of the Security[nstrument is amended to read as fotlows:
<br />-:...ne.Ah'�a -
<br />.'";� Trnnsfer of the�roperty or w lieneficin!Interest in Borrower.lf all or any part of the Propeny or any
<br /> - ` m'"" interest in it is sold or transferred{or if a bene�cial interest in Borro�ver is sold or transfcrred and Iiorrower
<br /> °-_-��� is nut a namral person)without d..ender's prior.vritten consent,Lender may.at its option,require immediate _
<br /> G��-.='�?^'.-.� payment in ful�of all sums sec�.red by this Securiry Instrument. Ho�wever, this option shall not be exercised `
<br /> _°° by Lender if exercEse is prohibited 6y federal law as of the date of this Security Instrument. Lender also shall _
<br />-,;�� not exercise this option if: (a)Sorcower causes tu be submitted to Lender information required by Lender _
<br /> -T� to evaluatc the intended transferee as if a ne�v loan ware bein�mude to the t«r�sferee;and(b)Lender r�lsonably _
<br />'`�;�,� detcrmines that Lender's security vrill not bc impaircd by th�loan assumption and that th�risk of a breach ___
<br /> -y-� of any covenant or asreement in this Securiry Instrumen[is acceptable to Lender. _
<br /> - -- To the extent permitted by applicable law,Lender may charge a reasonable fee as a condition to L.ea��ier's -__
<br /> rn�� consent to the loan assumption.Lender also may require ahe transferee ro si�n an assumption a�ree�:eni that e�__
<br />.__.���^� is acceptable to Lendcr and that obligates the transferee to keep all the promises and agreeea�ents made in the �
<br />����' '� Note and in this Security Tnstrument.Borro�ver�viil rontinue to be abligated under the Note and this Security �'�
<br />„�'��`��.'_, -
<br /> -��� Tnstrument unless Lcndcr relcases Borro�ver in�vritin�;. _
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<br />�.,s�.,�..r If Lender cxercises the option to require immediate payment in fult, Lender s1na11 �ive Borro�vcr notice
<br /> -�-�'� of acceleration.T'iie i3atice sbal!provide a period of not less than 30 days From Yhe date the nouce is deiivered
<br /> '�'�`�"��' or mailed�vithin �shic� Borro�ver must pay all sums secured by this Sn:�rity instrument. If Borro�NCr fails
<br /> °�-'"'�� �•�� to pay these sum�pridr ta the expiration of this period, Le�adcr may invoke any remedies ptrmitted by tliis
<br /> �'+-;!r'�=:_;� Security Instrument�tithaui fu�rther notice or demand on�3arrativer.
<br />""����'��'�'�'• 2. If Borro�ver ex.ercises die Conversion Option under the conditions stateJ ii�5ectian I3 of this Adjustable
<br />- �' �'' � s Rate Rider,the aniendmcnt to Uniform Covenant 17 of thc 5ecuriry Instrument contaia.d in Section C 1 abave
<br />..:;:.�. . .�
<br /> '•`:�'>' shal!then cease to be in effect,and the provisions of Uniform Covenant 17 of the Security Instrument shall
<br />-'� x��+�':� instead be en effect,as follows:
<br /> 7,,:�� :�.
<br /> .'�°:��. �� • .� �'r.�ns�cr ot t6e Peoperay or a 13ei�cyisEal Intcrest In Don•owee. If�il or any part nf thc Propcaty or any
<br />.�'�'�" e�' �--ee__�: «1�.......�a.: ..�Anr troncfPrmd �nd Borrotti•cr
<br /> =_.Y+;�;":1.:�:°'� fatcrest in i�is saad or innsicrrcv ius n o vc«c�n�ai u.Q...""'..n.;...�.......... .°.�..._..- "----—�
<br /> "'�,,;i�::;•:� as not a natnrat perso�x)v�ithaut Lender's prior�vritten consent, Lend.r may,ac ics option, require immedia�e
<br /> ` "'''`� payment in fu11 of all sums secur�d by this Stcurity fnstrumcnt. Hna•cver,this option shali not bc excrciscd •
<br /> `'•,;�,�a�'�•��, by Lendcr if excrcisc is pro6ibited by federal la�v as of the datc af this Sccurity Instrumcnt.
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