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<br /> ��'i b. Notice of Inte�t Rate and Morrthty Paymerd Changes.You wili send me notice o4 an adjustment ' `
<br /> in tt►e interest rate �nd monthly paymsnt at least 25 days before the adjustmen� This notics v�ill
<br /> � contain information aboutthe index rate,in4erest rate,payment amou�t and remaining unpaid batanco. ,
<br /> � B. FlXED IMERESi'WD►Y�COEYVERStOAf OPT{A3�f
<br /> ,� 'The Note provides for ffie BorrowePs optiaa to cof►vert from a variable interest rate�ith interest rate limits to a ; � ' ' � �
<br /> ! Fixed interes4 rate,as foUows: i �
<br /> � OanU�PSion to Fixed Rate. 1 may choose t� aanvort 4his agreement to a fixed rate agreerRent at any tlme , ; _. �. �-
<br /> �' beginning ZERO years trom the dafe af 11�is agresment and ending 3 0 years irom the •.
<br /> ' date of this agreemenL In order to convert to a faced ra�, I must not be in default under the terms of this '. o,:.-sf"� =
<br /> agreement and I must notify you in wrrting cf my desire 4c canvert to a fuced rate.The new fixed interest rate ` f T,
<br /> will be your standafd fuced interest rai9 far a camparable agreemen!on the date tfiat you receive my written �'
<br /> �.,.
<br /> notiflcatian.The new fuced rate wiU take effed an the°Canversion Date,"4vhic h s ha l i be my ne x t p a y m e n t d u e . � , :�r����
<br /> � daie that is a4 lPast 3 0 days after���+r tu�ra�S y raceipt ot a revision agreement signed by all Bor�owers � . . _
<br /> together eviih a nonrefundable convers¢�+� i� of $ 2 0 0 .0 0 . The new Tixed rate and the ^ , : ,��•
<br /> C a n v e r s i a�Date aze sub ject to chan ge if m�es�:sia�agreement and 4ees are received after the date sp�cifigd . �.f ;.
<br /> . in that a�gn�anient My new payment amaunt��ill ba eftective with the first payment foflawing the C onvers ton , , _... ,{,�----
<br /> - Date. • :.j�-�_��.�
<br />• . C.Tqq{�ig�ER OF THiE PROPERTY OR A BENE�1��diL IPiTERE�T IN�ORFiOWER . " •�.��L
<br /> • 1. Unti'i Barrower exefcises the Conversion Opban under Section B above, Uniform Covenant 16 ot . �
<br /> the Secx:;ity instrument is amended to read as foiiat��s:
<br /> • ,� . ,
<br /> . Tra�a�e�r of the Property or a Baneitcial is�ter�e5t ia�Borrower. ff ali or any part o!the Property �.� - �: ��. �
<br /> or any interest in it is sold or transfersoc� ,ar i� a b�neftcial interest in Borrower is sold or . `����.". !` •
<br /> • transierred and Borrowar is not a nat��-�!�s���,�".ho:°•L°nder's pfior written consent, Lendar
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<br /> may, at its optlon, require immedi� ���ar: ir, f�U t� a�?sssms secured by this Security
<br /> �� Instrument. However, this option slt�l� n92 be exor�ed 3�y ��:��ar'rf exercise is profiibited by �� . .
<br /> federal law as of the date of thls S��:ril�tnstru��r+4.�e^�dar a}sa shail not exercise this opUon if: �� ,. '� ' '
<br /> � (a)Borrowar cause6 to be submittc�l to Lendar inta��ian r�a�u;:ed by Lender to evaluate the , � .��
<br /> � intended transferee as i}a new F�san ware bain� made b the transteree; and (b) Lender °;; .� ���•
<br /> � � reasonabiy�°'srmines that Lender's s�arrty�11 na3�a impaired�y the loan assumpUon and that =
<br /> the dsk of a�reach a? any covenant ar arreemen3 in this Security Instrument is acceptebla to '�:_ � a° :`;�.
<br /> . Lertder. _ ,�.� x`�'r-
<br /> i ed b a licable lavi, Lender may charge a reasonabte tae as a conditton to ,'�:�:.��:��:
<br /> Tc tho extent perm tt y pp �
<br /> � Lender's oansent to the loan assumpUon. Londer atso may require the �ans`.��3 L"� sign an �°';;,�
<br /> � ' assumption 4greement that is aoceptable to Lender and that obligates the tr�nst�r��:m keep all --
<br /> '�_""'��;',-_�_
<br /> the prom:��G.hd agreements made in the Noie and in this Security Instr�m.anL Ba�rou�rer wiil �.;,�;�^�
<br /> cenUnue t7�a obligated under the fdo*_g and this S�curity Instrument unless Lender releasea =,�-
<br /> � Borrowar in mittng. �'
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<br /> � • If Lender exercises�.��s�SA�on to requiro imms��a?�payrr►ent in fuli, l.c�nder shall give Borrowar : .�;._. _
<br /> � nottce ot accelera�on.T:�e natice sh2:1 provida a pariod of not less tt�an 30 days from the date the . ;=�:.
<br />�. ° notice is deliveted ar r�.?�d wfthin wfiich Bonower must pay a1! sums socured by this Security . ' . n.:A�; ,. -'
<br /> � Instrumont If Borrowa���i�s ta pay thes�sums prtor to the expiraticn af this period, Lender may , .�� ..;��
<br /> invoke any remedies F�^-2'ed by this��uriry InsUument wi�out further notice or demand on � ; -.-�
<br /> 8orrow�r. ' � "�`'��
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<br /> � 2. If Borrower exercises the Conversian OpUon ��98v tha wndit;ans stated in Section 8 above, the .� �.�,�;: :�. �
<br /> am�ndm�nt to Uniform Covenxnt 18 of the Security Ins��ment contained in Section C 1 above shall cease to �.. r.. •:-.-F •-•-'_� °
<br /> ' b�in �ftect, and the provisions o�f Unitorm Covenant 18 of the Socurity Instrument shall be�mendod to read ••� .
<br /> • � ae tollowe: 45
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