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88-104163 If I wall1 to exercise the Con....ersion Option. I mUM first meet i:crtain I.:ondilion!o.. Those conditions arc thai: (i) I IUU!o[ give the NOle Holder notice that I wanl to do so; OJ) on the COn\'crsion DUIC, I must not be in default under the Note or the Sccllrily Instrument; (iii) by a date specilied by the Note Holder, I must pay the Nole Holder a eOllversioll fee of U.S. $ 250.00 ; and (iv) I must sign IInd give Ihe NOle Holder any doeumellls the Note Holder requires to effect the conversion. (Bl Calcnlalion of Fixed Rate My lie\\'. fixed interest rale will be equal to the Federal Natiollal Mortgage Association's required net yield as of a date and lime of "ay specilied by the Note Holder for (I) if Ihe original term of this Note is grealer than 15 years, 3().year fixed rate mortgages covered by applicable 60.day malldatory delivery commitments, pillS live-eighths of one percentage poi III (0.625%), rOllnded to Ihe lleareS! olle-eighth of one percentage point (0.125%), or (ii) if the original term of this Note is 15 years or less. IS-year fixed rate mortgages covered by applicahle 60-day malldalory delivery commitments. plus fi\'c-cighlhs of one pcrccmoge point (0.625 %)~ rounded to the nearest onc-eighth or one percentage point (0.125 '!'oj. If this required llet yield callnot be determined because the applicable commitments are 1l0t available, the Note Holder will detcrmine m)' iTlll'rCSl rale by using comparable inforrnalion. My new nllL' calculated under this Section 5(B) will not bc grCnlcr than the l\1aximuITI RUle 'lUtcd in Scction 4(DI abo\'e. (C) New Payment Amounl and Effective Dale If I choose to exercise the Conversion Option. the Note Holder will determille the amOllnl of the monthly pa~ment that would be sufficient to repay the unpaid principal I am expected to owe on the Conversion Date in rull on the maturity date at my new fixed interest rate ill substantially equal payments. The result of this calculation will he the llew amOUlll of my mOllthly paymelll. Beginnillg with my IirS! mOllthly payment after the COllversion Date, I will pay the new amount as my monthly payment until the maturity date. C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER l. Until Borrower exercises the Conversion Option under the conditions stBted in Section B of this Adjustable Rate Rider, Uniform Covenant 11 of the Security Instrument is amended to read as follows: Trunsrer of (hI:' Pro pert, or a Heneficiallnterest in Borrower. If all or any part of the ProperlY or any interest ill \I i!J sold or transfCff".:'d (Of if a beneficial inlere!ot ill Borrower I~ ,old or lransferred and Borrower is not a natural pcr~on) \\.ilhout Lender'!! prior written ":l1n~cnt, Lender may, al it~ option, require immediate paymenl in full of all !\ums sl.'Curcd by this SecurllY In~lTument. Howc:ver, Ihis option ~hl.lll not be c"en.:ised by Lender if exercise is prohibited by federal law i1~ of the date llf Ihl!\ SeL:UrilY Imcrul1lcnl. Lender al~ll ~hall not exercise this option if: (a) Borrower causes to be submitted 10 I.ender information required by Lender to e\'aluatc Ihe intended transferee as if a new loan \'t~re being made co the trllllsferce: and (b) Lender reasonably dclerminc!'Ithal Lender's security will not be impaired by the loan assumption and that the T1\~ (If u hreach of any cO\:cnant or agn:c:mcnt in Ihis Security Instrument is acceptable to lender. To the exlellt permitted by applicable IIIW, Lender may charge a rea, on able fee as a condition to Lender's consent to the loan assumption. Lender al,o 013)' require the uan!lferec to sign an assumption agreement that is acceptable to Lender and thaI obligatcs the transferee to keep alllhe promises and agreements made in the NOle and ill this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender release~ Borrower in writing. lr Lender exc:rcises the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shall provide a period of 1l0t less thall 30 days from the dale the notice is delivered or mailed within which Borrower must !lay all sums secured by this Secllrity Insllumellt. If Borrower fails to pay these sums prior to the: expiration of Ihis period, lender may invoke any remedies permiued by this Security Instrument without further notice or demand on Borrower. 2. If Borrower exercises the Conversion Opt iOll ullder the cOlldition, stated ill Seclioa B of this Adjustable Rate Rider, the amelldmentto Uniform Covenalll 17 of the SecurilY Instrument contained in SectiOll C I above shall then cease to be in effect, and the provisions of Uniform ('ovellant 17 of Ihe Security lostrumelll shall instead be ill effeel. as follows: Traasfer of the Properly or a Benend.llnter..IID Borrower. If all or any part of the Property or any illterest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a DaLUra) person) without Lender's prior written consent, Lender may. at tls option, requite immediate payment in full of all sums secured by this Security Instrument. However. I his. option ~hall not be exercised by Lender if exercise is prohibited by federal law as of the date of this SecurilY Imlrument. If Lender 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 Ihe notice is delivered or mailed within which Bnrrower must pay all sums seeured by this Serority Instrument_ If Borrower fails 10 pay these sums prior to the expiration of this period, Lellder may l"voke any remedie!l permitted by thi!> Security In~1rument \\ithout further nOlice or demand on Borrower. ~ \~ BY SIGNING BElO\\', Borrower accepts and agree' to the lerrn~ anu "':lJ\'cnalll~ contained ill lhi" Adjustable Rate Rider. Q~ ~cM V) 8 t M -:;. , -=~ :"\4) lr ~J ~" Ai f ~~~ lea c,t:J",\~J 00 f"_! ~, Q~ .' (Seal) --~:h\~: ^~",,;. ~"" ,;, ~::: D. Andrea Lavoie Fannin nllrrn~er U it W. ~ ~ " c , <'. '" (Seal) RnnlV'\l"1 .; ~.; d "- {S~illl 1l.111I'....l.1