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88-104163 --' If I want to exerci~e Ihe Conversion Option, I must first meet cerlain condition'i. Those conditions are that: (i) I must give the Note Holder nOlice lhal I want 10 do so; (ii) on the Conversion Date, I musl not be in default under the Note or the Security lnslrumenl; (iii) by a date specified by the NOIe Holder.ll1lust pay Ihe Note Holder a conversion fee of U ,S. $ 250.00 ; and (iv) I must sign and give lhe NOle Holder any documents the Note Holder requires to effect the conversion. (B) Calculallon of Fixed RaIl' My new, fixed interest rate will be equal 10 the Federal National Mortgage Association's required net yield as of a date and lime of day specified by lhe NOle Holder for (i) if the original term of this NOle is greater than 15 years, 3D-year fixed rate mortgages covered by applicable 60-day mandatory delivery commitments, plus five-eighths of one percentage point (0.625%), rounded to the nearest one-eighth of one percentage poinl (0.t25%), or (ii) if the original term of this Note is 15 years or less, IS-year fixed rale mortgages covered by applicable 60-day mandatory delivery commitments, plus five-eighths of one percentage point (0.625%), rounded to the nearest one-eighth of one percentage point (0.125 %). If lhis required net yield cannot be determined because the applicable commitments are nol available, the NOle Holder will determine my interest rale by using comparable information. My new rate calculaled under this Section 5(B) will not be greater than lhe Maximum Rale stated in Section 4(0) above. (C) New Paymenl Amounl aDd Effecllve Dale I f I choose to exercise the Conversion Option, the Note Holder will determine the amount of the monthly payment thaI would be sufficient to repay the unpaid principal I am expected to owe on the Conversion Dale in full on the maturity dale at my new fixed interest rale in substantially equal payments. The result of this calculation will be the new amount of my monthty payment. Beginning with my first monthly payment after the Conversion Date, I will pay the new amount as my monthly payment until the malUrily date. C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER t, 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: Transfer of lht' Property or II Ikneficillllnleresl in Borrower. I f all or any part of Ihe Property or any interest in il i~ sold or transferred (or if a beneficial intere" in Borrower is sold or transferred and Borrower i~ not a natural penon) without lender's prior writlen wnsent, Lender may, al its option. require immediale payment in full of all sums se.:ured by this Se.:urity Instrument. However, this option shall nOI be exercised by Lender If exerdse" prohibited by federal law as of the date of this Security Inslrument. lender also shall not exercise this option if: (al Borrow'er .:auses to be submilled to Lender information required by lender 10 evaluate [he imended transferee a~ If a new loan ssere being made to the lmnsferee; and (bl lender reasonably determines that I ender's security will nOl be impaired by the loan assumption and thatlhe ri~k of a breach of any .:ovenalll or agreement inlhis Security Instrumem is acceptable to lender. To the exlent permilled by applicable law. Lender may charge a rcasonable fee as a condition to lender's consent to the loan assumption. Lender also may require the Iransferee to sign an assumption agreemenl thai is acceptable to lender and that obligates the transferec 10 keep all the promises and agreemenl5 made in the Note and in this Securily Instrumenl. Borrower will continuc to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the oplion to tequire immediale paymenl 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 10 pay these sums prior to the elCpiration of lhis period. Lender may invoke any remedies permitted by this SecurilY Instrumenl without further notice or demand on Borrower. 2. If Borrower exercises the Conversion Oplion under the conditions stated in Section B of this Adjustable Rate Rider, the amendment to Uniform Covenanl 17 of Ihe Security Instrumenl comained in Section C I above shalllhen cease to be in effect, and the provisions of Uniform Covenant 17 of the SecurilY Instrument shall instead be in effect. as follows: TraDllfer uf lhe Property or I Beneficial Inlerc!it In Borrower. If all or any part of the Property or any interest in it is sold or Iransferred (or if a benc:ficial imerest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior wrillen eonsem, lender may. at its option, require immediate payment in full of all sums secured by this Security Instrument. However. lhis option shall nOI be exercised by lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less lhan 30 days from the dale the notice IS delivered or mailed within which Borrower must pay all sum~ secured by this Security Instrument. If BOrTower fail~ III pay Ihese sum~ prior to Ihe expiration of thi~ period. Lender may invoke any remedies permitted by this Security Imtrumenl without further notice or demand on Borrower. BY SIGNING BELOW. Borr,,"er accepls and agrees III rhe lerrm and l'O\enant~ \'onlamed in 11m AdJusrahlc Rate Rider. (- . ~~~~"'~~:~~ j) f~ndu ~ -tfi. Lhi'-' ~ltLt~ -' ;. ISt'all D. Andrea l.avo e Fannin - II",,,,",, I'l'all H.Hl'....l" _____1'<..,11 11"II.'n!'