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<br /> Iflw�ottoaccrcisetl�Co�veisionE)ptiop,InnntfirsEmeetcestaincoa�di�"fhoseooaditionsucthat:Ii�Iawst � _
<br /> �� givttheNotel�loWece�otirethuJwanttodaso:(fi)oetheConversionDatt.tmustnotbcittdefaaltundertheNateortt�e
<br /> �,ymy�Strum��Etu}t�,adau specifiad by tbe Note Holder.I mast pa�y the Note Holdera romersion�ee of U�►
<br /> S 1Oa.00 � :aod tiv)1 mnst sign and givt tbc Note Hoider any documents the Note Holder
<br /> `t�quires taeffax the conversian. ' � , .
<br /> . ,
<br /> � - {E)CsInlallo�oFFbied�ate . ,� � - -
<br /> � ` , M�,ne�,�flxed�nurest rate will6e equal to the I'�edernl National Mortpge Associ�tion's requind net yietd
<br /> � as of a date and time of day specified by ti�e.Note Hol�er for(i}if the origin�l ttrm of Wis Note is greater thaa IS c.
<br /> years.30-yeu fiaed rue mortgsges�overed by a�pticabte 60-day mand�tory clelivery commitments.plus five-
<br /> � �;ghths of oae percentage point(O.b25�Xn1,��d to the n�arest onaeigfitb of one percentage point t0.i25��or
<br /> (iij if the orignai urm of this NeKe is IS yeazs•ar kss, IS-year fiaed rate moctgagos covered by appTicabie 6adaY .
<br /> _ martduory delivary commitmeats,�pius five-eight6s of oae percentage point(0.625�kA rounded to tfie nearest
<br />- � one-eighth of onc per�eptage point(0.125�fc>.jf this reqnired net yield cannot be determined because tix appli-
<br />_�, � tabte commitmtAts>-are not avaitabte.the Note Hotder wil!determine my iacerest sate tsy using r�mpara6te
<br /> - _ 1�OIU)attOR. �`��������on5f�)�lnatbegze�terthantl�eMaaimumRatestatedinSectian
<br />-='- MY .. ,.. -
<br />::;� 4(D)above.MY� �ERE8T RATE WILL NEVER.�H� GRC-�n'�R THAN 11.625 PERCENT:
<br /> ` ((�. NlR�iIWlpt��OYlL�11dT5QEC�YB��G :`;;",. iyi:�:, —
<br /> --� - `�' • If Fchoose tQ exercise the Conversion Opuon.the Naie.Holdec.Wii1 determine the a�nount of the montbly
<br /> M • .��``��'i:paynxnt th�4 wo�l�bs sufficient to repay the unpaid principal 1 am�eii�ected to owe on the Conversion Date in ____
<br /> ._';. ;y:.?�F. . � --
<br />:�,� '��,_�,�_ ��� ., Ye9 P , �_
<br />__ = �tLoa.the maturity date,at�b�;�ew fixed intcr�st rate in_substandall uai ayments.Tde result of this calcu- _-.
<br />�;_�`: �.�� � � �`'f�3 v�il1 be the new amoi�s�?f my monthly paymest::8eginning�with my ficst monthly payment after the —.
<br />_ .' � ,Ccs��csion Date,I.i�!ill pay t��atnount as my mont�Lg�aymene until the Matut�c�date. �- _
<br /> - . .� C.�`�.�'�S�(�:.�PR(fPERTY OR A BENLFICfAI.IN��N HORROWER . . _ - �'_"�.�`"'--
<br /> . .�.;� . . � � J��
<br /> _ . . . . - x.' ! .,
<br />� �:��til Bpr;'4cverexercises the Conv�rsion Option ua�r.t��cc3,�.r,`-.tions ststted in 5ection B`bf tlii�l�t.d,�it,-t- . � ti -
<br />� " able��e Ritkr.Uniform Cov�nant t7 of the Security Insti-�i��fis��ded to read as follows: . _ _ -=3= _
<br />�•. . . .... . . ,. . .. ..... __
<br />� :�_"' �s{���p�p�rty or A BeueEldstl Interest i1t$a�it:�t or any part af the Property or�iy:itty.�c:st � ��
<br /> ~ .� in it is sold or transferred(or if a beneficial iaterest m&s.rsa:�r->s�ld�r transferred the Hnimae�is`nqt a � _
<br /> - s:� �naturul person)witfiout I.ender's prior written consent..lk»de�r�.»;�;`:=�ts aption,require im�ifaiin.:e payment in ___�__
<br /> � �` fut!L�_all sums secured by this Security lnsvument. Hawever,tbis option shall not be exerri.'sNd by Lender if , ____
<br /> � ex��'u prohibited by fede�al.law as of the date of this Secusity lnsirufnent. L�fi�ralso shall not exeiri<�trhis �,�r,�=�
<br /> ' opi�_,:��(a)Borrower causes ta-be submitted to Lendecinfarmation required 1���'�zr to evaluate the in*_��ed r __ -
<br /> `� transferee as if a n�.w loan wa're being made to the traIISf��e:and(b3 Lender r�..��.�ly detecmines that�end- � n ,,.,� �,._
<br /> ,' ,f , er's security wcl!not be impaired by the loan ussum�t"ron and tCiat Eise risk o,€abreach af a»y covenant or ;;.'�'�-a�
<br /> agreement in this Security Instrument is acceptable to Le?�da� • ���`'
<br /> .:;�,
<br /> , To the extend permitted by upplicabte law.Lender auay charge a reasonabte fee as a candition to Lender's �-'`�`
<br /> ,i;:e.Yr�__
<br /> consent to the loan assumptidn..�L.ender also may req,car�dTe transferee ta sign an assumption agreement that is .: �±;.�;:=
<br />, • � '� acceptable ta Lender artd that obiigates the rransferee�o keap all the promises and a reements made in the Note -•.� ''t�s-•_
<br /> S _�•�r�.',`s
<br /> and.in this 5ecurity lnstrument.Borrower a�ill cantinue tu be obligated ander the Note aad t4�s Security lnsuu- _��>�-r.•_---
<br /> K� ;.�.�.-..
<br />= me�3unless lender reteases Borrower in writing. , , _.�-
<br /> f•,:- : ,-'�:..
<br /> ' � L���.ender exercises the ogsc6n to require immedia�v paymenr in full. Lender.5f�ait give 9orrower noticx of . . ___
<br />� � ' •'i acce;z-�tian.The notice shalt provide a perind oi not t�.i than 30 days from the'date Ehe notice is delker��f or �=°--°
<br /> � mailed within w!,ich Barrawer must pay all wms secured by this Security lnsuument. lf Borrower fails to pay ���-�-�-'-"..3
<br /> .. �,
<br /> ' � these som��riMr'.i'o ihe expiratio�oi this perivd. l.ender may im-aki:any rcmediec Qcrmitted by this Security '"�;�:.
<br /> � lnstram,er.���+t�:uut further notice or demand an Borrow�ec� „ ----
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<br /> , � ,_��Borrower exercises ihe Com�eryian dptian un,.L:�thc canditions�tated in Sectian B of this Adju4table `'��ti�j�"
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<br /> :•N�.,-
<br /> Rate ttider.the amendment af Uniform Covenant 17 oY tf� Security Inti�rumeni c�ntained in Section C I above �� . . ;;:-;:;�
<br /> � ti shall then cease to 6e in ei'fect. and the pmvi.ions of Unii'arm Covenant 17 0�the Security Inrtrument shaii i . �
<br /> a4�,K; � insteadbeineffect.asfallows: � I
<br /> '�� � ;�.,,:
<br /> • f'�-,��.'='!R'`'� , Teanster ot the Property ar a Beneficial lntcrest tu i3orrowcr.If aii�+r any part�f the Property ar any interest j ,:,���,
<br /> � � in it is sol@ or transferred for if a heneficiai intcrc�t in B��rr�wcr iti s�►td or trancferred�nd�nrrower is not a , F . �•;,;<'.'
<br /> '•:�.•:-.;.�• � natural person)withaut Lendcr'�prior writtc�n can.ent.I.cnder may,at it�option.reyuire immediate payment in ; � '�� ' ;
<br /> � �""`" �' ' ful!of atl sums sacured by Ihis Securit}°ln�trument.�Ha�vever.thic nptian 4haU nm be exercised hy Lender if . ,
<br /> � `�-'`' '�; °� exercise is prohib�ted by federal law as vf ti:t Jate of this Stcurity In�trumeni. � �
<br /> ,Y�,. � .
<br /> . _ lf Leader exatcises Ihis optinn.Lender�hall givc 8otro�ver n��tice nf accetaration. The nc�tice�haH prnvide ,
<br /> , a period of not Jess lhan 30 days from thc dutc�he nntice i�deli�cred ar m�iled within which�orrc�wer must p�y + � .
<br /> � • • • . �� ,t�:� �U sums secured�by thiti 5ccurity Instrunwnt. If Bnrrc��scr fails��pay �hc�c�um�prior tn the c�pirution af thi� � �
<br /> , ��.;�- period.Lender inay inroke�ny remcdies purmitted by thi.Srcnrit� Intitrument«•ithout further nntice or demand ` ,
<br /> � �=� an Sorrower. �
<br /> ���:�, ,,,'.
<br /> .�.�u.,m:.,�.�_ ,
<br /> � . 8Y 51GN1NG B�LUW.Borrouer;�cccpt�:md a�;rrc.u�the tc�nn�an�i co�•enants cuntaine�!in thi�Adju�tabte �
<br /> - . - - . . _ :- _. Rate R ider. � . �, ,%� _
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<br /> • . � . : • � ..... tSeal���...�i`-«L.• �.s�¢�y�,y. y'"�`"..` ... .�s�.+�� ' �
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