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<br /> � Iflwanttotat�IsetheConversionOptio�.ln►ustfiatmeetrenaiaaa�ditions.'�hoseconditionsai+ethatt(i)ImusE .
<br /> - EivctheNoteHolderra�cethatEwan��odoso;(u)ontlteComersioet3ate.lmustnotbeindefaultundertheNoteorthe •
<br /> � Securit�insuumeet;f uil b�r a date sPecified�Y the Nae Hok�!must pay tbe Nqte Holder a conversion fee af U.S. ,
<br /> , s 10. .00 :aad tiv)t must sign and give the Noce�totder any dacuments the`Nou HoMer - -
<br /> . requites w effect the cot�version. ' � � , . , __
<br /> (S)Gl�istivadFi�1Fate � ' � � � . - — _.
<br /> — _, .._ ,_-- --____ - -- -- --- ---
<br /> - My�ew��cedintcnstntc will be equa►io the FcdcralfiTatianafMortgage Assac�ahons�require�net y�eld—�--- ,.. - _
<br /> ` as of a date aod ame of day specified by tiie Note.Holder for(i)if tix origiaal term of this Note is greater t6an 15 ��,�_
<br /> ' yeais,30-yeu fi�ed rate mortgages covered by ap p liFa b k b 0-d ay man da tor y d e l i v e r y cammitmenu.plus five- �__�--_�
<br /> : . -eighths oEaae percent�ge point(.0.62S�c).rounded to tbe nearest oneeighth of,one pecreatage point t0.t25��ot � -_ -_
<br /> r_: (ii)if tlse original term of this Note is 15 years or less. IS-year fixed rate mottpges covend by appticabtr 60-day � �-_
<br /> ��n���
<br /> _- mandatary delivery commitments.Flus five-eig,iuhs of one percentage paint(0.625'�),rounded to the neanst , ���.___ __
<br />- one-eighW of one peceentage point(0.125�k).If this required net yield cannot be determined because the appii- —v :;
<br />- ca6h commitments are not avaita6lt.the Note Holder will detecmine my ipterest rate by using comparabie �,______ __
<br /> informatiu�MynewratecakulAteduaderthisSectioe5(H)willnocbegrcatesthantheMa�ir�tut�RatestaudinSection' ��T,s -
<br /> 4(D)abave. MY INTEREST RATE WILL �JEVER PE GREATER THAN -1�2.7�U PERCE4�iT. - ':�,�a�=__=- `-
<br /> , . . .=_�,:;-
<br /> tC)New Pyryaet Auwwat aud Fdfecttve Date � • . ',,:-:-
<br /> , ` � -�
<br /> �,;; If I choose to eaercise tha Conversion Opuon.the Note Halder will de[erniine the amount of tt�e month[y
<br /> ' payn4ent that wot�td be safficient ta repay the unpaid prixipal I�am expected to awe an the Conversion Date in < �=•.-7 �
<br />=; � � , fuli on tl�e maturity date at my new fised interest rate in substantially equal payme:�ts.The rcsult of this caicu- •_�4_�N
<br /> lation will 6t t6e ntw amount of my monthly pa�rment. Beginning with my first�ontbly payment after tfte ti_._:��:�:_-
<br /> - Comersion Dau,t wi11 pay the new amount as my monthly payment until the Maturery date. . � �` � � -__
<br /> _. µ = C.TRANSFER EIFTBE PROPERTY UR A BENEFICIA[.Il�TEREST It�BORBAWER �''�T-== � :,Y
<br /> �` ! � � �. Until Hosro�rec exercises the Convecsion Option under the canditions stated in Sectian B af tl�is Adjust- t , .�'�
<br /> . . r • x ' r --- -
<br /> ��,�,�. .,�. '� able Rate Kider:Uniform Covenant 17 of the Security[nsuumeni is amended to read as foltows: � �
<br /> . .�{q,�t�property or a genetkiAl lnterest ia Bocrowtr.!f all ar any part of the Property or any,interest ::l�-
<br /> � in it is sold or transfetred(or if a bene�cial interest in Horrower is sold or transferred the Barrawer is not a_ - ,< , ____
<br /> � , �' natural person)withaut Lender's prior written consent,Lender may,at its option.require immediate payment in �;.�,�_;..��:;��_,�°.:�
<br /> �� fuil of all sums secured by tbis Security Insttument.Ho�ti•ever.this option shall not be exercised by I.ender if .. .� �.;_,.:.
<br /> �-.:__�,
<br /> :�=.���_•�
<br /> . ��' . � txercise is prohibited by federal!aw as of the date of this Security tnstrument.Lendet also shali not exercise thu �-�=.�>_-
<br /> �s,.�t�. :
<br /> • �,� =t option ii(a)Borrower causes to be submitted to Lender infvrmation required by Lender to evaivate the intended � ,..,;�•
<br /> .����,,� -` �,' transferee as if�aew toan were being made to the transferee:and(b)Lender reasonably determines that Lend-
<br /> � r.:.
<br /> ��`"'�''•�, � � er's secarity wilt not be impaired by the loan assumption and that the risk of a breach of any covenunt ar � � ...:_;
<br /> -��=` �''°"'' � ' agreement in this 5ecurity Instrument is acceptable to Ixnder. ( . �-��*�
<br /> . k.T•ji �'. • � ' .
<br /> ���•�:�.=t:�.-� To the extead permitted by applicable law.l.ender may charge a reasanable fee as a condition to Lertder's � ':,::�
<br /> ' .:...�.,.:� . ,y_-
<br /> . �.;;�.��..;� conset►t to the[a._n assumptian. Lender also ms+y require the transferee to sign an assamption agreement that is � , .__
<br /> _.:T.�
<br /> . ' ���'�;. acceptable to L.ender and that obligates the transferee to keep ali the promises and agreements made in the Note � �,__-
<br /> " and in this Security Instrument. 8orrower wiU cantinue ta be obligated under the Note and this Security lnstru- ��'�-.-
<br /> ;��:���:�;�.."._ �. mentunles�S teRderreleases Borrower in writing. ��' ';`";_
<br /> _'.�;=:�:;�,`' . ; ` ' ��'�`-;',
<br /> � � .', t.,- . lf Leader er.�rcises the option to reyuire immediate payment in full.Lender shaU give Bor[ower ootice of i ,
<br /> " ���=�;� • �`:�� ' acceleration.'P�Fz r.otice shal! ro�ide a eriad of not fess than 30 days fram the date the nou�x is delivered or � . =,'�=� '
<br /> � r.�:, : ��,. P P
<br /> _u:�-
<br /> �� �...,.„ maited within uii:ch Borrower must pay aU sums secu�ed by this Security Instrument. If Boirower fails tc�pay �. ', :��;.a'�-`=
<br /> ,..,�;,- -
<br /> t�: these sums riar to the ex iration af this eriad.Lender ma im•ake any remedies permitted by this Security � '.:,,:;,; =`'�•`-
<br /> P P P Y i ' ��':_,,;: _�:��
<br /> •� ;�°� '"' Instrument�•ithaut further neti.-e ar demand on 8orrow•er. ' °'� .
<br /> , r�;�,-.
<br /> � ;' `�f�3�"� � 2. If 8orradv�exercises the Canversian Optian und:r the condi�.�ns stated in Section B of this Adjustable ; � � - ��-
<br /> '`�'�-�y � ' ' Rate RideF�he 4�:endment of Uniform Covenant 17 of tre Secaritt�[rr;trument cvntaine�i i�r Section C 1 above l' ,
<br /> 'J'r_:... :�F ' . : � - . .
<br /> ' � shalt then ceas�to be in effect. and the provisians of Enif�rm Cvfen:�nt 17 oF the Securic}� Instrureent tihaU �
<br />' � � ' inst�be in effect.us follows: ' �
<br /> ;'
<br /> - --' -- - - � 'tie�nsier oithe Property ar a Beee(iciai Inteeest m 6orrmver.If atl c�r any pan of the Pre�rty or any intcre�t ; • � . -.�-- :
<br /> � a����- �• in it is sold or transferred(�r if a beneficistl i�terest in B�trauer i:c�ld nr tran.rferrcd and�dortower is not a •
<br /> ' � natural person)without L.endcr's prior written con�cnt.Lender mwj.at its option,require icnmediate payment in � , . � ' ; .
<br /> ' full of all sums secured by this Security ln.rtrument. Hoa•cvcr.thi.aption shalF�ot be c±cercised hy l.ender if
<br /> . � exercise is prohibited by fedcra!law as of the datc of thit SecurHy lnstrument. - • •
<br /> ' lf Lender exercises thi�opiion.Lendrr �hall give Borro�ver no�ice of acceleration.'fhe nntice shall pravide '. �
<br /> � �� a period of not less than 30 day�frum the date thc noticc is dcli�ered�r muiled within�vhich Borrnwer must pay � ; � �
<br /> � � � all sums secured by this 5ecutity Instrument. lf Bormwer fail�to pay these�ums priar t�the expiratian c�f Ihis � •
<br />� ' � � period.Lender may in����ke any remcdies permitted by this 5ecurity�Imtrument without fw�hcr notice or demand
<br /> • . an Horrower. • ' "
<br /> � ' BY 51GNIN(3 BELUW.f3orr��a•cr arcrpts:�nd agrees tv the tetms and c�svennnts cnnt�ined in thi�Adjusrrbte '
<br /> � --....._._ _ Rate Rider. - � , - -. _. . _
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