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<br /> � 1tlwmttoexerrisetAeCoaversioeOption.fmustfcstmatcectsincoaditions.Thvseoonditionsaretl�aacfi)imust '
<br /> _ ftvetheNotel3oWerncxicrtt�atlwanttodoso:(ii)ontheConversiocROaca.lmustnotbeindefaul'tundestheNoteorthe . .
<br /> . 9ecurlty instrament�t�i)by a date specified 6y the Note�iolder.{mast pay thc Note Holder a conversion fe�af U.S.
<br /> s �at►.pp :and liv)I must sign and$Sve the Atote Hotder any documents the Nott Hold�r ,�_
<br /> c�quires ta effect the conversion. . . , � � ` ---
<br /> , - (�Caieolatio�oF�ixe�ttate � � . ; � , : - � ' � � - -
<br /> tbty new,fxcd intatest ratt wi{t be equa!to the Federal Nationaf Mattgage Associatiods required net yietd� �___
<br /> , ��of a date aed time of day sptcifxd by the Note Holder f�r ti?if the original term of this Note is greater than i5 ��.___
<br /> ye�trs.30-�rear fixed rate�ortgagcs covered by appiicable 6Q-day mandatory delivery commitments.plus five- ��-_�
<br /> . e��h�ha of one po�4ntage point(0.62S�Xo),rounded to tbe nearest one-eighth of ont peic�entage point(O.IZS�o�or _-- -
<br />- tiii;f'i�-�Si��term of this Nate is.!3 yearsur kss,15-year fued rate mortgages covered by applicable 60-day ___-
<br /> _ � � m�ndatory delivery cammitmeats:plus five-eighths_of one_percentag�point(U.6255�e).rounded to the nearest _ W-._ ,_T
<br /> � one-ei�hth of one Qercentage point(0.125�Xo).If Wis required xet yield cannot b e determin e d b e c 3 i n s e t h e a p p t i= ___
<br /> _ � cabk commitments are not availabte�the Note Holder will determine my in�erest rate by using�ompara¢!e -
<br /> - tnformatian.Mynewratecakulatedunder[hisSection5(BT�II��B�ur[bautheMaaimumRatescaudinSection �-- -
<br /> • 4(01��. 1"�Y YNT�REST RATE WILL NEVER PE GREATER �FtAN 1'�.4�CS PERCENT: .'�:'-�==�_=
<br /> , �".---
<br />� � , iC!New P�t�t lttsouat a�ERecNve Ih�te , �-�;Y�M-
<br /> _ , � �:::��°��-=
<br />-- � If t choase to exercise the Conversian Option.the Nbte Hofder wili determine the amoant of the utontlily ,.,F:.:�__„�-
<br /> '.�� paymeni tl�at woutd be sufficient to repay the anpaid pri»ripai i am ezpected ta owo on the Coavession Dace in �. �,���,:_
<br /> fuU nn the mAturity date at my new fiaed interest rate i»substandally egual payinents_The resutF of tbis calcu- �;�r,
<br /> , ���:-.,,.._
<br /> � la tion will be the new amaunt of my manthly payment. Beginning with my�rsc montbly�payment after the� �__„�-��;y�
<br />, Conve�sion Dacc.i will pay the new amoant as my monthly payment until the Maturity dace.• •
<br /> � 9PER 0�'�HE PaOPERTY OR A BENEFIClA1.iNTEBFST IN�ORRO,WER � . � �.'�.;__^�-`� ' --
<br /> . e.� . . . •
<br /> 1. Until Bondwer exe�rises the Conversion Option under the conditions stated in Section B of this Adjust- - ��
<br /> - , able Rate ltidcr.Uniform C�venant 17 of thc Security Instrument is amended to read as follows: :, :�.,,.,,._
<br /> , ,� ;� � :;: .:.. _=_
<br /> , •. � .� - '�}�Nli�r•o[tl�e p�opecty or g Beaelklal lntecest�in Boee+ower.lf all or any part of tf�e Property or any interest ,. ... ^,
<br /> iq it is sotd ar transferred(ar if a 6eneficlal interest in Horrawer is sold or transferred the Borrower is not a �x., -_;., �
<br /> � ;,;: � naturAl personl without i.ender i�prior written consent.Lender may.as ics option,require immediate payment in ,�.��,Y-
<br /> :- ��-..,�
<br /> �. ; � full�f al!sums securcd by this Security Instrument.Hawever,this optian sha1D not be exercised!ay�.ender if _ _
<br /> � rxercije i9 prohibited by federul law as af the date of this Security lns{rnment.Lender also shafl not exercise this
<br />� � optian iP:!a)Borrawer causes ta be submitted to Lender information reqaired by Lender to evaluate the inteaded =����;�`::'L,_�
<br /> �9. � � �_
<br /> tec►nsfcrcc us yf A new loan were being made ta the transferee:and(b)l.ender reasonAbty determines that Lend- -.- ,•;:,,,�_.
<br /> ; cr�tecurlty will not be imps+ired by the laan assumptian and that the risk of a breach of any covenant or � �. �'
<br />. . ,?ia..`� , ', . . ,
<br /> - �'` ��k ' a rcc m c n t i n t N i s S e c u r i t y I r u t r u m e nt is acc e ptable ta Lender. '` ..� ��� °
<br /> `:'.._�,=�i'..= .._ , � g - r.r.-�--_-
<br /> ' .,�r.`G;��`_�r
<br /> °-�����r{;,;,,,��� i` T o t h e o a t e n d p e r m i t t e d b y A p p l i c u b l e l a w.L e n d e r ma y char ge a reasonable fee as a condition to Lender's � i� , �}.,.;}r,.-
<br /> ��- �:�1'''; cans�nt ta thc loan acrumption. L.endcr also may require the tcansferee to cign an assumpiion agreement that is � ' � `
<br /> �� .�� p p S f.r��„ . �w-
<br /> ,�:i�� accep�ablc to i.cndc�stnd that obiigate�thc tcansferee to kee aD the romises aad a reements made in the Note s :,�::';'�.^_y-
<br /> � " �` � qnd in this Sccurity lnstrument.Barrower wili contiaue to be obligated under the Note and this Secprity Instru- �:: r =_
<br /> r; 1"..;, _..
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<br /> - T,:� .:�.• inent unics�Icnckr rcicures Harrowcr in writing. , f: . ,' `� --
<br />� ��'�'�`� "' -' ' It l.ender cxcrciscs thc o tinn to rc uirc immediate a ment in ful1.Lender shall gice Borrowet notice af ��
<br /> ;i;�:•. .:� . P q P Y � . . .;`:_; .";,;`'"..R_.
<br /> ' `' '�==--' ckcclen�tion. Thc nuticc sAull pr��vide o period of arn less than 30 days from the date the natice is delivered or � � ;-*?��_�
<br /> �,a�•r: � . ���" —
<br /> �=_'- � - mailed wi�hin which Harruwer mutit pay all�ums serured by this Securi[y Instrument. If Barrower fails to pay ,• . _
<br /> ���''- thc�c sum�pri��r�o�he rxplration of�hiti period.l.endcr may invake any remedies permilted by this Security ;• • ; -�-_
<br />_ • „=�� in�lrunxn�w�i�h�,ut furthcr nutirc or d�•ms+��nn purr��wcr. . , r,i
<br />.. �. Ii H��rtuurr cxcrci�c�thr Cunvcrsion Optinn undcr thc con�titions statcd in 5ectian B af this Adjustabte � ' �, r..;,_
<br /> � .�.. ��� �' �,
<br /> '��•�=���- �` Rute lt��kr.lhr iuuen�iment c►f Unifurm C��vcnunt !7 uf�he Security In�trument contained in Section C 1 above , ,
<br /> ���`�.�' � tihall �hen ceare t��hc i�i��i'fecl.And thr pravi�ion�of Uniform Cavenam t7 of the Security Instrument ShaU `�;.� � .:
<br /> �:;.
<br /> • ... . �n�lc�!s!f+c in effeci,i«fulluw�: • . �
<br /> -- - • - -------� _ ,:� ,i�iRVfiier oithe i'n�rrtv ur�iSeitefirial lntcrest in Itor�n��ee!f uU c�r any part nt'Ihe Prnperty or any interest �. _ _ _ '� ___
<br /> �':..�,,.,..•. , �_. in i1 i��ol�l ur�r;m�fcr►cd�ur if'a h��ncfi.iril imcrc�t in N�+rrc+H•cr is�old or tramfcrred And Barrower is not a �
<br /> • . � . n;dut�d�xr��m�w�th��ut I.rttdcr'�pri��r writtcn a,n.cm. Lru dcr inay.�it i t�ap tiun.req ui r e i m m e d i a t e p a y m e n t i n
<br /> .'.- lull ul nll ,u�u�.�ccurcd hy Ihi.Sccutily Intitnimcnt, tl�����eccr.thit ap�i�m �h�ll not he exe�ised by l.ettder if ,
<br /> � . . ; " ii curct�r i.�tt�+hil+lted hy fcdera)law a+�+f Ihe d:uc�f�hi�tircurity In.trumcnt. .
<br /> � � � If I:ender e�erei.r��hi���ptiun. I.ender�h:d)�:i�r N�+rn����er nnticc uf uceeleraticm. Thv ttntice shall provide
<br /> . � . . ,�(k riud��t nut Ic��th;�n;1►d:►y`injn�It�c�l;Nr Ih�nulirc i�dcliccrcd E�r mailcd withia whlch Hormwer must pay , -
<br /> ' � _�II auia<a�4ur.d hy�his tir:urily In�ttunieni. (f Hurr„�tirr i:�il�Ia ptry the�c�ums prinr to�he c!epitation af thi.r
<br /> . • pei��ul, Leudrr m,�> in«�kr an> re���«lir.�,erniiur�l hy�hi.Sc���ri�y� In�trumrm�vithnut furthc�r n�ticc ar demund .
<br /> im NnrrE►act ''s . `
<br /> . ,•. • -- �. f�Y tit�rultif�H}�1 t►W. Nurrmarr:�ccep��and a�rer�tu the terniti and cu�cnunt,contaiued in thi�Aitjustable i
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