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r P)' (> (' (I ,'j 84-.&002279 (c) Acc'epttna ~~taUon and CoDverUug. If Borrower wbhea to convert tbb loau at the Uxed rate and pa,.aut quoted, Borrower auet notify tbe Lender of Borrower's acceptance in writing. Such notice _at be received by the Lender at lean 15 daY8 before the Change Date and _at be eccoapanied by tbe couveraiou fee. (eI) lleducUou of T1_ Perlnda. If tbe NoUce of Periodic Adj_~I.,! not Hnt by tbe Lender at lean 35 daya before the Cbaqe Date, ~'.. each ti_ period stated above shall be reduced by five daya. (11i) Tbe fixed rate of intereat quoted by Lender a1lll payeble by Bor_ wi'U"M, equal to the "Fixed Rate In"s" pI... 0.750 %. Tbe Fl~"t.l";:'~li. the net yield requir_nt of Federal NaUoaal Mortla.. AaMCllltIO."<J.Wi for 60-day mandatory deUvery of new fised rate loana' aa auclr Flu4,'~;,,'. Index is available when the rate quotation is ..de. Tbenewflxedlllter..t rate will beeo.. effective on the applicable Change Oate. Borrower's IIlOnthly pay_nts at the new fixed intereat rate wHl be~u a.. of the first \8Onthly pa,...nt after the applicable Change Date. Tha'~T. pa,..ent viII be the alllOunt that is necessary to repay in full tb. prtncl~l Borrower will owe (ass~ng tt.ely payment of all a~nt. due prior to that date) on that Change Due 10 subnanUally equal payMuta by tlla FiUti: Pa,...nt Date at the fixed interest rate. (i v) If the Fixed Rate Index ever ceases to be publhhed or ude avaialll..b,. FNMA, or if FNMA ever ce_es quoting and purchaaing lIO.rtgAle loa.. on tbe bash now reflected by the Fixed Rate Index, then thia co_ruolI opttDll shall terainate. Hovever, if by that ti_, Borrower baa already accepted a quotation and converted tbis loan, such terainatioll will n~ affect Borrower. Borrower's fixed rate and pa,..ent will, in that evellt, re..tu ill full force and effect. (v) If the fixed rate to be quoted on any Cha:"ge Date exeeeds the 1IlUlt.. charges or rate allowed by applicable law, thell conver.ion will not he allowed for that Change Date. The Lender may offer a lower rate or cbarge. than required or permitted by Section 1 of the Note in order to co.,ly wltb .uch legal limitations. but is not required to do 60. (vi) If, after conversion, Borrower makes any prepaywent under Section 7 of the Note, Borrower will be governed by Section 7 of the Note except that tbe .-ount of Borrower'. monthly payments will not be changed. (vii) Upon Borrower's timely exercise of the conversion option, Section 4 of the Note shall Ceaae to be effective. D. TRANSFER. OF mE PROPERTY Paragraph 17 of the Security lnatru..nt is ~nded to read as follows: If all or any part of the Property or any interest therein is sold or transferred by Borrower without the Lender's prior written consent, including a Contract for Deed sale. but excluding (a) the creation of a lien or encuabrance subordinate to the Security Instrn_nt, (b) the creation of a purchase solley security interest for household appliances, (c) a tranafer by devise, descent or by operation of law upon the death of a joint ten81lt or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, the Lender lII8Y, at the Lender's option. declare all the sua. evidenced by the Note and secured by thia Security Inatruaent to be ~diately due and payable. If the Lender exerc.isea its opUon to accelerate under this paragraph. the Lender shall mail Borrower notice of acceleration in accordance with this Security Instrn_nt. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the SUJIS declared due. If Borrower fails to pay sucb au.. prior to the expiration of such period. the Lender may, without further notice or de_nd on BorrC'wer. invok.e any re_dies penaitted by the N~e and this Security lnatru_nt, The Lender shall have waived .uch option to accelerate if, prior to the sale or transfer, the Lender and the person to '"- the Property is to be sold or transferred reach agre....nt in writ ing that the cr..dit of such per."n is satisfactory to the Lender. As a condition to waiving the Lender's right to accelerate, the loan teras, including the intsn.t rate payable on the Note, the Margin for future intere.t rate cha...-. (as that tera is de,fined in the Note), and the _.i__ interest rate e.,. provided. in rarear.ph 4(b) of the Note above the initial interest rate sball be subjsct to modification by the Lender. If the Lender has waived the option to 4cC4llerats provided in this Paragraph, and if Borrower's successor 1n intere.t haa e..~ted a written assuaptlon agree.-nt accepted in writing by ths l.endar, the Lender sball release Borrovar frOlS a 11 obligations under this Security Ins~ru..nt and the Note.