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<br /> •NhNc. .:.s. '� �"LM�.r.t+NlW L.�a..h.. �rf-eva fr.. I-sa�v-...•.r.--�._. - .— —
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<br /> �, .,. . � , r 92-- l 0234 8 ----
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<br /> I f I wunt to exen�i�e the C��nver+ion Opti�m.I mu.�firy�nmrt r�rtuin rnnditian..Th���e cundi tiun.un ihuc 1 i►1 mu�t
<br /> ° " gire the Note Holder notice that I want t�►J����►:1 ii I�m thr Cam er,i���l)a�r.I mu,t nut Ix in Jrfaul�under�hr N�►tc ur[hc i
<br /> � . Secu rity In+lrument;liiil hy u dute+p�rifird h�•thr Ni��c Huldcr.I mu,t pa�•thc Nutr HulJcr u rumrr.iun fe��c►f U•S•
<br /> .. � 1��0.�0 :and livl I mu�i rign und give tln Nute Hold�r uny J�wum�n�,�hc Nut� HuWcr ��::=�"
<br /> ., � requires to effect�he rom�cr.ion. —
<br /> � --- ::_-r,�_=-
<br /> .. (Bl C ulculs�tion oP Fixcd Ratc
<br /> " . My new. fixcJ interes� rate µ•ill he cyuul ta thc Fcd�rul Natiimal Mortgagr A,.��ri,uiun', r�yuired nrl yirld —a-
<br /> asof adute and timc of day��xciticJ hy th� Not�:H��IJrr li�r�i�if�h�uriginal�crm�,f thi, Notr i,�rcutrr thun IS ����, —�—�
<br /> � ;, � yenrti.3I1-ycar fixed fute mortgugc.ci�vcred b5' applicuhle 6t1-day munJutury drlivrry cammiimcm�.plu,fivc- . •.'���;_.
<br /> eighthti ol'one percrntAgr p�int �1�.�25�;�1.ruundcd tu the nesirc,t anr-cighth uf�m� perccntuge puint 111.1'_S`,�1. nr ,•.�:�r�;.,,..„:_--
<br /> .. liil it'the��riginal term of thi+Note i, IS ycar.ur le�., IS-)�ur fixed ratc m��rtguge. rn�•crcd b5' applirublc N(1-day ( � �"'' "� _
<br /> maneia�ory delivery com�itm5nt�.plus five-eighth�ol�one prrronta�e pc�int 10.625�.;�.ruunJrJ tu th�nrure,t ,__.=,'��-=�^-
<br /> , an�-eighth of onc percentug�point 10.135`kl. It'thiti rcNuired n�t�•irW cunnnt tk dc�ermined tnruu,r thc appli- '���.�r'=='"-"'�---__
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<br /> cable commitment, are not u�ailuble. the Note Holder aill drterminc m}• intcrr,t rute h�• u.ing compuraMc .�;:; .:.,:-���
<br /> ., in(ormation.My neN�rate calculaled under this Section 51 B I wi I I nut ix grca�er t hun�he Ma�imum Rate�tatcd in Sec�ion ,,;;�:.v�r_;
<br /> f .�;cW——
<br /> ; 41D l alun�e•MY INTEREST RATE WIL.L NEVER HE OREATEk THAN 11.625 PERCENT. � .. � --�T
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<br /> .. (CI New Payment Amnunt and H:ifectivc I)atc ? �'�:�_�
<br /> if I choo�e to exercitie the Com�ersi�m Option. Ihe N��tr Holdcr a•ill det�rmin��hr anu�um��I th� nu,nthly .
<br /> payment �hut would be sufficie�t to repay thr unpuid p�incipal 1 am rxpec�ed e����we�,n�hc e'an�cr�ion Datc in k ; �� ��,.`
<br /> full on the miUUrity Jute ut my ncw fix�d interc+�rute in sub+tuntially eyuul pu��mrnt..The rr+ult ut'thi.ralcu- � "
<br /> � lalion will he the nrw �mount of my monthly payment. Rr�innin� wi�h my t'ir.� mumhly� puymrnt ultrr the i n- ��`
<br /> Ccx�vcrtiian Datr.I will pay the ne�•amciunt a.my m�mihly payment until thv Maturit� date. � �'.,:°�
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<br /> 1:.1'ItA1VSFkR UF THi:PROPERTl'UR A IiistiF i�lt'I,U,iM1TF:KL:�r�rv�se��eKU�i'ER �"'y''--_
<br /> � i��;�-
<br /> 1.Until Barmwer exerrise, the Com•enion Optiun undrr thr randili�,n+tita�rd in Sertion B of thi� Adju.t- ` �?;�
<br /> able Rate Rider.Unil'orm Co�en,�m 17 of the Srruri��� In�trum�nt i.umrnded tn r�ad a�f�lli�a•+: � . �'��'�•
<br /> . �.�y
<br /> 'Ihmsfer oi'tlx�Propert}•or a licneficial lnterest in liorrower.If ull nr any pur�at thc Prap�ny��r any intcrc.t � � g �
<br /> --- in it i�sold or trun,fcrrrd Ior if u henrfirial interc,t in tiorr�nvrr i. .ui�i or trun+i'rrrrJ ilir [3���r�tiu�r i; nns :� � _= .
<br /> na�u ral per�ool a�ithout LrnJcr'.priur��rittrn c�m�cnt. l.rndcr m.q.at it. upti�m rrquire immcdiatc payment in .
<br /> full of ull sum,�erurrd hy Ihi�Srrurit�• In.trument. H��wr��r, thi�upti��n+hall n��t he cxrrci.�J M� Lender it' �,:�
<br /> exerci+c is prohihited h�• f'rderul law u�af thr d:UC��t�thi+Sururity In�trum�nt. l_cnder al.�� tihull not e��rri,r thi� �
<br /> aplicin it:lul Burro��•cr rautir,t�►h�,uhmiurd u�Lrndcr mf„rmali„n rryuireJ h� L�ndcr w r�ulualr thc inta nd�J , .
<br /> I trantifcrc�u+if u ncu• loan ��•�re IxinE ni.�dr�u the tran.frrce::ind�h� I.�nder r�;i,��nuhl� Jrtrrmine,that I.cnJ- I
<br /> cr'+ �ecurit}� ��•ill not he impainJ hy the luan :u,umptiun and that thc ri.k ��I'u breach of any rovenant ur •�
<br /> � ugr�cment in thi.S�rurit� Imn•unx nt i,urcrpt.�bl�a,Lrndrr. ,
<br /> To the rxt�nd perminr�l h�• iipplirahlc laa�. l.cndcr ma� rhargr a rca,�,nahle Irc u�a cunJitiun �� LenJrr'� � • �
<br /> can+ent to the I�ian a,.umptiun. LrnJcr :►I.�,ma)�rcyuirr the�r.►n,l'crc���� tiign an a„umptiun agrc�ment that i.
<br /> ucc�p�ahlr t�►LcnJrr and tlru��hli�:atr,thr �ramtcrec t�►{,eep ull �hr prum iu,:md .��:rr�mrnt,muJe in thr No�e
<br /> und in thi�Scrurih In,�rument. Hurr����•rr��•ill c�mtinur ta hr��hligatrJ undrr thc Nutr and thi�S�curiq In.tru-
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<br /> ment unlc,.r Irnder reka�r�Burro��rr in��riting.
<br /> • If LenJcr r�errix,the upti��n U�reyuir� immr�li:ur��a�mrnt in full. Lrn.l�r,hall giv� H„rr�����r n��ti�r ut
<br /> ucc�leratiun. Th� nwir� .h:ill pru�idc a prri��d c,l n„i Ir,. than z�►d:i„frum thc �lair thc nutirc i, dclivrred ��r � ,. ..
<br /> � maileJ H•ithin ahirh B�,rra��•rr mu�t ��ay all.um..rcw•.d h► �hir tirrurit� In�trumen�. If Rarrn«�r L•iil. t�� ra� .
<br /> thc.r+um�priur I�►Ihr e���ir:ui��n ul thi, ���riud, I.�n�lrr m:i� im�,F,�an� r�ni�di�.�mrmiUCd by Ihi�Sccurit�• �
<br /> Imtrumcnt�+i�hau� furthrr m�tici��rd�mund�m I;�,rru��rr.
<br /> ' ?. (f Bi�rru��cr e�crri�r�th�('��mcr�i�m O��tion un�lrr �hr r��ndihun, ,�a�rJ in tir�ti��n R uf�hi. AJju.laMr
<br /> Raic�Rid�r. thr anicndmrnt ��I' Unil��rm ('u�rnant 17 nl thr tir.uril� In,irumrnt.��ni:nnrJ in ticrliun(' I aba�r '
<br /> , � �hal l thrn rra.c U� h� in cffcrl. ;md thr��ru�i,inn.uf l�nilorm ('���rnant 17 �H thr ti«urit� In.trununt ,hall , .
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<br /> � i in�t�aJ hr ineffrr�. a�1'ull�����:
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<br /> � "I�ansfer�if'thc 1'roperl�•or+�Itcncfiriul Intcrc�t in liorru��•cr.li :�II��r an� �,:u�t�,�th�Pm�,rrn ur am intrre,t
<br /> � init i�.�,ld��r tr:ui�fcrrrd iur if:� hcnrliri:il inl��r�•,1 in F3�,rn���rr i. •�d.l ur Ir:u�.f�•rr�d and H�,rr����er i. n„1 a
<br /> nalural rrr.�,n1 u•ithuu� Lrndr��'.priur��ritt.•n run,rnt. Lrnder nt:i�. al i�� upii�,n. re��uirr imnudialr��;i�m�n� in
<br /> � 1'ull ul ull .um.,e�urr�l h� Ihi,tir�urit� In.irumrnt. H����r�ri. Ihi.„p�i�,n•hall n„t hc ���cr.•i,c�l h} L.�ndcr it .
<br /> � cxcrci+r i,pruhihitrJ b} fedrral I:�w a,��f Ih�dal�•��f thi,1r.•ui n� In.trtunrnt.
<br /> II L�ndcr r�crci�e. Ihi� ��r�iun. I.��td�•r�hall�it�' linrl'����i•� nuliir uf aii�•I�rati�m. fhi n��Iii�• +h:�ll ��ro�IdC
<br /> ' ' ap�riuJ uf not Ir+� than ;11 Ja�.truin �hr�I;ur thr nuticr i•�Irli�errJ ur ntailrJ ��iUiin ��hi�h li�,rnn�rr ntu�l p:i)
<br /> all�um� ��rw•�J h� Ihi� tircuril� In.trum�ul. If li�,n����rr I.ul� i„��:i� ih�•.r�um� ��r���r��,�hr r���iraU„n „I thi�
<br /> periuJ. LcnJer ma� im��Ac:im rrmcJir.prnniltcd 1�� �hi•tir�inil� In.truin�nl ��ith�,ut(ur�hrr nuU.•r„r.f�m:►n.l
<br /> I ��n E3arr�,�.er.
<br /> ' HY til(iNIN(i IiMl.l)�\. li��rru��cr a.•.•e�,t..inJ:izi��r����the �rrm.:mJ .•mriruu.:�mi;iinrJ in thi,AJju.�:ihlr
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<br /> Form 7118 PB9 ..• .
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