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88- 105807 If I Wlln! 10 exercise the Conversion Option, I musl first meet certain conditions. Those conditions llrc thaI: (I) I must give the NOle Holder notice Ihal I wan! 10 do 50; (ii) on the Conversion Dale. I must not be in default under the Note or the Security Instrument; (Hi) by a date specified by the Note Holder, I musl pay the Note Holder n conversion ree of U.S. $ 250.00 ; and (i\') I must sign and give the NOle Holder any documents the Note Holder requires to effect the conversion. (8) Calcull.lion of Fixed Rate My new. fixed interest rate will be equal 10 the Federal National Mortgage Association's required net yield as of a dale and time of day specified by the Nole Holder for (i) if the original term of this Note is greater than t S years, 30-yenr fixed rate mongages covered by applicable 60-day mandalOry delivery commitments. plus five-eighths of one percentage point (0.625%), rounded to the nenrest one-eighth of one percentage point (0. J25%), or (ii) if the original term of this Note is 15 years or less, IS-year fixed rate mortgages covered by applicable 60-dny mandatory delivery commitments, plus five-eighlhs of one percentage point (0.625 %), rounded to the nearest one.eighth of one percentage poin, (0. J 25%). If this required net yield cannot be determined because the applicable commitments are not available, the Note Holder will determine my intercsl ratc 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(0) above. (C) New Paymenl Amount and EffecUve Date If I choose to exercise the COllversion Option, the Note Holder will determine the amount of the monthly payment that would be sufficient to repay the unpaid principal I am expected to owe on the Conversion Date in full on the maturity date at my new fixed interesl rate in substantially equal payments, The result of this calculation wHJ be the new amount of my monthly payment. Beginning with my first monthly payment after the Conversion Date, I will pay lhe new amounl as my monthly payment until the maturity date. C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER I. Until Borrower exercises the Conversion Option under the conditions staled in Section B of this Adjustable Rale Rider, Uniform Covenant )7 of the Security Instrument is amended to read as follows: Transfer ot' the Propcrt)' or a Beneficial Interest in Borrower. If all or any pari of the Property or any interest in il is sold or Iransferred (or if a benel1cial interest in Borrower is sold or transfem:d and Borrower is not a natural person) without lender's prior written consent. lender may, at its oplion, 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 prohibit~d by federallnw as of Ihe date of this Security Instrument. lender also shall not exercise this option if: (a) Borrower causes to be submillcd to lender information required by Lender to evaluate the intended transferee as if a new loan were beins made to the transferee; and (b) lender reasonably determines Ihat Lender's security will not be impaired by the loan assumplion and thai the risk of n breach of any covenant or agreement in this Security Instrument is acceptable 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 also may 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 exercises 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 Borrower, 2. If Borrower exercises the Conversion Option under the conditions stated 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 Covenant 17 of the Security Instrument shall instead be in effect, as follows: Transfer of tbe Properly or a Benend.llnleres. 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 law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shaD 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 SLms prior to the expiration of this period, Lender ~ 0 may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. ~ BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rale Rider. /~/LJ~ Bob~am ~Jt,~_ yl.fl-, ~ ;J,"'L<-"- Usha Abraham (Seal) Borrower (Seal) IJnrrower (Seal) IImrnl'l'l."l lScal1 11,,,11'\\1;'1