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(13) coiculation of Fixed Rate My new, fixed interest rate will be equal to the Federal National Mortgage Association's required riet yield as of a date and time of day specified by the Note Helder for w if the original term of this Note is greater than 15 years, 30 -year fixed rate mortgages covered by applicable 60 -day mandatory delivery commitments, plus ...112... one percentage point (. _ aO5%), rounded to the nearest one- eighth of one percentage point (0.125N. ), or (ii) if the original term of this Note is 15 years or less, 15 -year fixed rate mortgages covered by applicable 60 -day mandatory delivery commitments, plus —1/2.... of one percentage point (...005. 07c), rounded to the nearest one - eighth of one percentage point (0.12507a). If this required net yield cannot be determined because the applicable commitments are not available, the Note Holder will determine my interest rate by using comparable information. My new rate calculated under this Section 5(B) will not be greater than the Maximum Rate stated in Section 4(D) above. (C) New Payment Amount and Effective dale If I choose to exercise the Conversion Option, the Note Holder will determine the amount of unpaid principal 1 am expected to owe on the first day of the second month after the Conversion Date. The Note Holder will calculate the monthly amount that would be sufficient to repay the unpaid principal, at my new fixed interest rate, in full on the maturity date in substantially equal payments. The result of this calculation will be my new monthly payment amount. Beginning with my monthly payment due on the first day of the third month after the Conversion Date, I wi!l pay the new amount as my monthly payment until the maturity date. C TRANSFER OF ViE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER 1, Until Borrower exercises the Conversion Option under the conditions stated in Section B of this Adjustable Rate Rider, Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfc; of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal la%v as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security instrument is accepatable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. If Lender exercis °s the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on BorrowcT. 2. If Borrower exercises the Conversion Option under the conditions st-ated in Section B of this Adjustable Rate Rider, the amendment to Uniform Covenant 17 of the Security Instrument contained in Section C i above shall then cease to be in effect, and the provisions of Uniform Covenanc 17 of the Security Instrument shall instead be in effect, as follows: Transfer of (he Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest '-.in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibitc,' by federal law as of the date of this Security Instrument. I f Canner exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower, BY SIGNING BLLOW, Borrower accepts and agrees to the terms and gvcnan s contained in this Adjustable Rat • Rider. .... /G+ �° (Seal' Michael J. Mueyre 1, Unrrrn�cr 7 i . ... (Seal) � / -r� :;:i i1. Muey5r��1. llorro�.cr