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S• ~~~.,.uv .?n~1 ~ i~~ ) i mu~t ~ign anc; g.~vr ine ~ote Hoi~er am~ d~uments che `oie Hoider reyuires w etTect the wnversiun. ~ B ~ Calc~fation of Eixed Rate ~1y new. hxed interest rate wi11 be eyual to the Federa! ~ationai ~lortgage Assa:iation's reyuired net ~ield ~s of 1 date and time oFday specitied by the Vote Holder for ( i) if the original term of this Vote is greater than l~}~ears. 30-}ear nxed rate mortgages covered by applicable 60-day mandatory deliven• cummitments, plus hve-eighths of one percentage point ( 0.6?~`% rounded to the nearest one-eighth uf one percentagc point ( 0. l2~°~ ur ( ii ) iF the uriginal term of this tiote is I~ pears or less, I~-year tixed rste mortgages covered by applicable 60-day mandatory delivery commitments. plus hve-eighths of one percentage point (0.625`? rounded to the nearest onrtighth of one percentage point 10. l_'>`'~ S If chis required net yield cannot be determined because the ~pplicable cummitments are nos available, the `ote Holder will determine my interest rate by using comparabk information. ~ty new rate calculated under this Sectiun ~1 B)~ iil rx' ~ not be greater than the ~taximum Rate ~tated in Section ~3(D) above. ~=r ~ r C i vew Payment ~lmount and £fTective Date , ~ It" 1 choose to exercise the Cunversion Option, the Vote Holder will determine the amount of the munthl}~ pa~menc - that would be sutficient to repay the unpaid principal t am expected ro uwe on ehe Cunversion Date in full cn the maturit~ date at my new hxed interest rate in substantially equal payments. The result of this calculation will be the r,ew amount of my monthly payment. Beginning with my first monthly payment after the Conversion Date, I will pay the new amuun~ as my monthl~ payment until the maturity date. G TRaNSFER OF THE PROPERTY OR BENEF~CIAL [NTEREST IN BORROwER 1. V ntil Borrower exercises the Conversion Option under the conditions stated in Section B of this Adjustable Raee Rider, l;~iform Covenant l~ of the Security Instrument is amended to read as follows: Transfer oE'the Property o~ a Beneficial [nterest in Borrower. If all or any part of the Ptoperty or any interesc sn it is s~ld ur transferred (or if a benehcial interest in Borrower is sold or transferred and Borrower is not a natura! persun 1 without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security lnstrument. Hower•er, this option shall not be ezercixd by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shal) not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made , to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan ~ sssumptiun and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable ~u Lender. ' To the eactent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consenc co the luan assumption. Lender also may require the transferee to sign an assumption agreement that is acceptabfe to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Securit~~ Instrument. Borrower will continue to be obligated und~r the Note and this Security Instrument unless Lender releases 8orrower in writing. If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice ot accelera- tion. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed with~n ~ f which Bo~rower must pay all ~ums secured by this Security Instrument. tf Borrower fails to pay these sums priur to the ~ i expiration of this period, Lender may invoke any remedies permitted by this Security tnstrument without further notice i or demand on Borrower. j 2. lf Borrower exercises the Conversion Option under the conditions stated in Section B of this Adjustable Rate { Rider, the amendment to UniForm Covenant 17 of the Security Instrument contained in Section C I above shall then ~ cease to be in effect, and the provisions uf Lniform Convenant 17 of the Security tnstrument shall instead be in et~ect, as ' t'ullows: ~ Transfer of the Property or a Bene6cial Interest in Borrower. lf all or any part of the Property or any interest in it is ' sold or transferred (or if a beneficial interest in 6orrower is sold ur transferred and Borrower is not a nawral person 1 ~ ; without Lender's prior w~itten consant, Lender may, at its option, require immediate payment in full of all sums secured ~ ~ by this Security Instrument. Hower•er, this option shall not be exercised by Lender if exercise is prohibited by~ iederal la~~ ~ as af the date of this Security (nstrument. • ~ ~ (f Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a peri~xi , of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums :ecurcd ~ by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender ma~ im ~~1.~ ; P . ~ ;inv remedies permitted by this Security (nstrument without further notice or demand un Borrower. ~ ~ Bv Sic;~i~~; BELO~L", Borrower accepts and ~grees to the terms and covenants contained in this Adjustablr R:<<~ ~ Rider. ; ~ ~ ~ ~ 5~:,~ ? FRANCIS M. FERRICK . , ~ ~ ~ ~.~~.,.1.~~.....~~..:.. ~:~.5.1.~~..~..~~~ 1 Seal ! .J LISA M. FERRICK c. r~~:,~r N ~ ~ r -c~ ~~~22~7 ~ s l "90 JAN 30 A11 :5~~~ ~ : ~ ~ ~ 8 t Y Z ar.~ t ILC ti~ i-. 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