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.r "�„''4'i:+�:l''N :i (�.P`��{:� I _ .. ^.��wlt.Ct1., � ,/„ �� ' " ...._.. . _. ._ . . - . .. . t'�� ' — -1 -- ..�. .- -— � •� _ __'.,._'vl..me"__ _— . .��°�YG_^.:... _ _ _-... I I f t��" '.��► _-._ b B. 6IXED INTEItEBr RAT��IPTION ' _ The Note�rovidex for the Horrowcr's option to conven from an qdjustablc interest tt�te wlth interest rwte limite to n fixed interest ratc�ns follows: S. F1XED INTEIt�T RA'f�CO1�VfER890tiT O�TimN ° (A) OpUon to Convert to Fized R�tte � I have a Conversion Option that 1 can exerctse unless 1 am in defuult or thia Sectlon StA)wEll not permit i me to do sa.The"Convecsion Optian"is my uptton to conven the interest rate i am cequired to pay by this � Note f�am an adjustablc rate with Interest rate limits to the flxed rate�alculeted und�r S:ction S(B)below. �.. ,....... ....._..s,.a......�»•.�oo _ _ T�1G CODVlIS10A C8110A�y�8{C8 j11ACE OA A dii[C($)BpCCI[IICQ Oy lRC i�utC Civiuci�su��u�y�uo p.��•w....n••---••-o . on the flrst Change Date and ending on che fifth Change Date.Esch datc on vihich my adjustabEe intirest rate can conven to the new fixed rate is called tho"Coaversion Date." ' If 1 wanc to exercise the Gonversion Optlon, 1 muet flrst meet artaln condltions.Those conditions are _ ; � that:(i)1 must give the Note Holder notice that I want to do so;(ii)on the Conversion Date�I must not b8 i in default under the Note or the Securiry Instrument;(UI)by a date specifled by the Note Holder.I muat puy the Note Holder a conver�ion fee of U.S.S 250.A0 ;and(iv)I must sign end give the Note . Holder any documents the Nate Holder requires to effect the conversion. (B) Calcutatton of Fixed Rate � My new,Cuced interest rate wIU be equal to the Faleral Nadonal Mortgage Associatioa's required aet yfeld as of a date and tlme of day specified by the Note Holder for (i)if the original term of this Note js i greater than IS yeara. 30-Year fixed rate mortgegea covered by appUcable 60�day mandatory deUvery commitments,plua five-eighths of one perceatage point(0.625%),rounded to the nearest one-eight�of one percentage point(0.125%).or(ii)if the odginal term of this Note is I S yeara or less.!S-year fuced cato mortgaBes � covered by appllcable 60-day mandatory delivery comusitments�plus fIve-eighths of one percen•cage paint � (0.625%).rounded to the nearest one�eighth of one perceniage point(0.12SQlo).If this required net yIeld cannot � be determined bec�use che applicable commiunents�re not available.the Note Holder will determiae my lnterest i rate by asin8 comparable information.My aew rate calculated under this 5ecdon S(B)wIll aat be gXeater than tfta I�iaxirassa►Faie stai�!fn Cectton 4(D)above. (C) Ne�PsYment Amount and Ettecttve Date � If I choose to exerclse the ConversIon Option,the Note Holder will det�rmine the amount of the monthly t � payment that would bo sufficient to repay the unpaid pdncipal I am espeoted ta.owe oa the Conversion Date � in full on the Matudty Date at my new fixed interest rat��t aut�sta�ttially equ�1 paymcnts.The result of this a cx�lculat�on wUl be the new amount of my monthly pay�a�nt.$eg+ianing w�it�ray first monthly payment after f the Conversion Date. I wU!pay the new am4uac a$ my monthly paym�uti until the Maturity Date. 1 C. TR�iNSFEI�UF THE PROFER'd'Y OR A BENEFICL4L INTERFST IN BOItROWEB { 1. Until Sonower eacereises the ConversIoa Opdon under the condItlons stated in Section B of this ; Adjustable Rate F2{der.UnIform Coveaant 17 of the Seeurtty Insuumeat is amtaded to read es foAows: Trs�ufer ot the Property or a Benetici�l Iaten�st in Borrower.If all or any part of the Propercy or any interest tn It is sold or uansferred(or if a beaefic�aZ anterest in Borrower is sold or uausferred and Bonower is not a natural person)without Lendee's prior writt�t consent.Lender may,at its optIon,require ImmedIaie � payment in full of all suras secured i�y this SecnrttY Instrumemt.However.�his option shaU not be eaercIsed � by Lender if exercise is prohtbited by federai law as of the date of this Sccurity Instrument.I.cnder also shal! � noi exercise this option if:(a)Bonower causes to be submitted to Lender inforraat[on raquircd by l.emder � to evaluau the intended t�h�asferce as if a aew loaa wen being made to the transferec;and(b)I.endcr reasonably ,. . � detemiines that Lendel's security will not be ia►paired by the loan ass�unption and that the risk of a breach ' �:� , of any covenant or agreement in this Secudty I�strument is acceptable to Lenda. � .� To the extent permitted by applicable law.I.ender may charge a reasonable fa as a condidon to Lender's . • consent to the ioan assuengtion.Lendsr also may requ�re the transferec to si�n an essumptton agtreement Wut �. , is acceptable to I.ender and that obtigates the uansferce to kcep all the pramises aad agraments made in the Note and in thIs Secwity Instnunent.Bonower wfll coaNnue to be obliga:ed nader the Note and this Secw�ity Instrument unless i.ender releases Borro�ver in writing. If Lender exercises the option to rcx�uire iramedlate payment In fuU, Lender shall gtve Borrowor nottce , of acceteration.The nodcx shall provtde a period of not less than 30 days tlrom the date the antice is deUvered or maited within whtch Borrower must pay all sums secuted by this Securhy Iastrument. If Borrowe�r fails to pay these sums prtor to the expiratlon of this perIod,Lender may Invoke any remedies permitted by this Secur�ty Instrument wlthout further noiice or demand on Sorro�ver. 2. If Bonower exerdses the Conversioa Option under the coaditions stated ia Se�cttion B of this Adjustable Rate Rider,the aanendment to Uniform Covensnt 17 of the Secudty Instnnnent contained in Section C 1 above shsU then cease to be in effect.and the provisIons of Uniform Covenant 17 of the Security Instru.ment shall instead be tn effect�as follows: ..._��.w-- _.o o...t�t.l i�...�1,a 8nrrnare�_If all nr anv nart of the Pronertv�r am a�...�a�.,..w..�..:� --— interest in tt is sold or transferred(or if a beneficiW iaterest in Borrower is wld oz traasferred und Borrower is not a natural person)without Lender's pdor wrttten consent,Lender may.at its option�require immedtate payment in full of all sums secured by this Secudty Instrument. Ho�vevex,this option shall not be exercised by Lender if exerclse is prohibittd by federal law a�of the date of this Securiry Instrument. � veye z ot 3� Fwm 8118 1189