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r U/-10708 Ihe first Change Dale and ending on Ihe fifth Change Dale. The dale on which I elecllo convert my inlerest rare from an ajduslable rate to a fixed rate is called Ihe "Conversion Date". I can convert my inlerest rale only once. III want 10 exercise Ihe Conversion Option, I musl meel certain condilions. Those condilions are Ihat: (i) I must give Ihe Note Holder nolice thaI I am doing so alleast 30 days before Ihe Conversion Dale; (ii) on Ihe Conversion Date, I am nol in default under Ihe Note or Ihe Security Inslrument; (iii) al the lime I give nolice 10 convert, I must pay Ihe Note Holder a conversion fee 01 U.S. $500.00; (Iv) I must sign and give Ihe Nole Holder any documents Ihe Note Holder requires to elfeclIhe conversion; and (v) I musl qualify based on Ihe Federal Home Loan Mortgage Corporalion's con- version guidelines. (1) Loans Under $153,101 (B) Calculation 01 Fixed Aate 'My new, lixed inleresl rale will be equal 10 Ihe Federal Home Loan Mortgage Corporation's required net yield for: (i) if the original term ollhis Note is greater Ihan 15 years, 3O-year fixed rale mortgages covered by applicable 60-day mandatory delivery commilments in elfecl as of Ihe dale 30 days before Ihe Conversion Date, plus IhreHighths of one percent (0.375%), or (Ii) if Ihe originallerm ollhis Nole is 15 years or less, 15-year fixed rate mortgages covered by applicable 6O-day mandatory delivery commilmenls in elfecl as ollhe dale 30 days before the Conversion Date, plus three-eighths 01 one percent (0.375%), Illhis required nel yield cannol be delermined because the applicable commitmenls are not available, the Nole Holder will delermine my inlerest rale by using a comparable commitment that is available on such date. The Conversion Aale will be rounded up 10 Ihe neareSl one-eighth percenlage point (0.125%). (2) Loans Over $153,100 My new fixed interest rate will be determined by adding one.hall of one percent ('hoAl) to the interest rate being offered by Occidental Nebraska Federal Savings Bank on loans in excess ollhe FHLMC maximum loan amounl (Jumbo Loans) on the date the notice to convert is given, (C) Delermination of New Paymenl Amounl , If I choose to exercise Ihe Conversion Oplion, Ihe Nole Holder will delermine Ihe amounl of the monthly paymenl that would be sufficienllo repay Ihe unpaid principal I am expecled 10 owe on Ihe Conversion Date in full on the maturity dale at my new fixed interesl rale in subslantially equal paymenls. The result ollhis calculalion will be Ihe new amount 01 my monthly payment. Beginning wilh my lirst monlhly paymenl after Ihe Conversion Dale, I will pay the new amounl as my monlhly paymenl unlil the malurity dale. (C) TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER 1. Unlil Borrower exercises the Conversion Option under Ihe condilions staled in Section B of Ihis Adjustable Rale Rider, Uniform Covenant 17 ollhe Security Inslrumenl is amended 10 read as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Prop~rty or any interest in il is sold or transferred (or if a beneficial inleresl in Borrower is sold or lransferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, al ils oplion, require immediale payment in full of all sums secured by this Securily Instrument. However, Ihis oplion shall nol be exercised by Lender if exercis9 is prohibiled by federal law as of Ihe date of this Security Inslrument. Lender also shall nol exercise Ihis oplion if: (a) Borrower causes to be submitted to Lender information required by Lender 10 evaluate Ihe intended lransferee as if a new loan were being made to Ihe transleree; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that Ihe risk of a breach of any covenant or agreemenl in Ihis Security Instrument is acceplable to Lender. To Ihe extent permitted by applicable law, Lender will charge a fee of U.S. $500.00 as a condilion 10 Lender's consent to Ihe loan assumplion. Lender may also require Ihe transferee to sign an assumplion agreement thaI is acceplable to Lender and that obligales the transleree 10 keep alllhe promises and agreements made in the Nole and in this Securi- ty Instrument. Borrower will continue to be obligated under Ihe Note and this Security Inslrument unless Lender releases Borrower in writing. If Lender exercises Ihe oplion to require immediate paymenl in lull, Lender shall give Borrower notice of acceleralion. The notice shall provide a period 01 not less Ihan 30 days from Ihe date Ihe notice is delivered or mailed within which Borrower must pay all sums secured by Ihis Securily Inslrument. II Borrower fails 10 pay Ihese sums prior to the expira- tion of this period, Lender may invoke any remedies permitted by this Security Inslrumenl wilhoullurther notice or de- mand on Borrower. 2. If Borrower exercises the Conversion Option under Ihe condilion staled in Section B ollhis Adjustable Rale Rider, the amendment to Uniform Covenant 17 ollhe. Security Instrument conlained in Seclion C1 above shall then cease to be in effect, and the provisions of Uniform Cov3llant 17 of Ihe Security Instrumenl shall inslead be in effect, as follows: Transler of the Property or a Beneficial Interest in Borrower. If all or allY part of the Property or any interest in il is sold or transferred (or if a beneficial interesl in Borrower is sold or lranslerred and Borrower is not a nalural person) wilhout Lender's prior written consent, Lender may, at ils option, require immc>-1iate paymenl in full 01 all sums secured by this Security Instrument. However, Ihis option shall not be exercised by Lender il exercise is prohibiled by lederal law as of the dale ollhis Security Instrument. II Lender exercises this option, Lender shall give Borrower notice of acceleralion. The notice shall provide a period 01 not less than 30 days from the date Ihe notice Is delivered or mailed wilhin which Borrower musl pay all sums secured by this Security Instrument. If Borrower fails to pay Ihese sums prior 10 Ihe expiralion of this period, Lender may Invoke any remedies permitted by Ihis Security Instrumenl wilhoul further nolice or demand on Borrower. r---..--- ;~-.,/ ;J 9j-y;t: ',.') ~~1-,.<::_____<:!.{4F~_,.__(Seal) Bo(Je~II~l.ARK II. STI~E7'. ,_._--~~L.'1Z~.J:IJ.:.L~~ (Soall Borrower I/?-AROL N, 51'1 NES L By SIGNING BELOW, Borrower accepls and agrees 10 Ihe lerms and covenanls conlained in Ihis Adjuslable Aate Rider. .. h ~02 Rt:~I\.AJw. l'I.)ft'jft\''1 Ptlqt:t ;0