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required by law to be given to me and also the title and telephone number of a person who will answer any question

I may have regarding the notice.

FIXED INTEREST RATE OPTION

The Note provides for Borrower’s option to convert from an adjustable interest rate with interest rate limits

to a fixed interest rate, as follows:

FIXED INTEREST RATE OPTION

(A)

Option to Convert to Fixed Rate

I have a Conversion Option that I can exercise unless I am in default or this Section 5(A) will not permit

me to do so. The “Conversion Option” is my option to convert the interest rate I am required to pay by this Note

from an adjustable rate with interest rate limits to the fixed rate calculated under Section 5(B) below.

The conversion can only take place on the first or second Change Date. Each Change Date on which my

interest rate can convert from an adjustable rate to a fixed rate also is called the “Conversion Date.” I can convert

my interest rate only on one of these two Conversion Dates.

If I want to exercise the Conversion Option, I must first meet certain conditions. Those conditions are that:

(i) I must give the Note Holder notice that I want to do so; (ii) on the Conversion Date, I must not be in default

under the Note or the Security Instrument; (iii) by a date specified by the Note Holder, I must pay the Note Holder a

conversion fee of U.S. $_________________; and (iv) I must sign and give the Note Holder any documents the

Note Holder requires to effect the conversion.

(B)

Calculation of Fixed Rate

My new, fixed interest rate will be equal to Fannie Mae’s required net yield as of a date and time of day

specified by the Note Holder for: (i) if the original term of this Note is greater than 15 years, 30-year fixed rate

mortgages covered by applicable 60-day mandatory delivery commitments, plus five-eighths of one percentage

point (0.625%), rounded to the nearest one-eighth of one percentage point (0.125%); or (ii) if the original term of

this Note is 15 years or less, 15-year fixed rate mortgages covered by applicable 60-day mandatory delivery

commitments, plus five-eighths of one percentage point (0.625%), rounded to the nearest one-eighth of one

percentage point (0.125%). If this required net yield cannot be determined because the applicable commitments are

not available, the Note Holder will determine my interest rate by using comparable information. My new rate

calculated under this Section 5(B) will not be greater than the Maximum Rate stated in Section 4(D) above.

(C)

New Payment Amount and Effective Date

If I choose to exercise the Conversion Option, the Note Holder will determine the amount of the monthly

payment that would be sufficient to repay the unpaid principal I am expected to owe on the Conversion Date in full

on the Maturity Date at my new fixed interest rate in substantially equal payments. The result of this calculation

will be the new amount of my monthly payment. Beginning with my first monthly payment after the Conversion

Date, I will pay the new amount as my monthly payment until the Maturity Date.

TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER

Until Borrower exercises the Conversion Option under the conditions stated in Section B of this

Adjustable Rate Rider, Uniform Covenant 18 of the Security Instrument is amended to read as follows:

Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section

18, “Interest in the Property” means any legal or beneficial interest in the Property, including, but

not limited to, those beneficial interests transferred in a bond for deed, contract for deed,

installment sales contract or escrow agreement, the intent of which is the transfer of title by

Borrower at a future date to a purchaser.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if

Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)

without Lender’s prior written consent, Lender may require immediate payment in full of all sums

secured by this Security Instrument. However, this option shall not be exercised by Lender if such

exercise is prohibited by Applicable Law. Lender also shall 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 assumption and that the risk of

a breach of any covenant or agreement in this Security Instrument is acceptable to Lender.

To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a

condition to Lender’s consent to the loan assumption. Lender also may require the transferee to

sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep

all the promises and agreements made in the Note and in this Security Instrument. Borrower will

continue to be obligated under the Note and this Security Instrument unless Lender releases

Borrower in writing.

If Lender exercises the option to require immediate payment in full, Lender shall give

MULTISTATE ADJUSTABLE RATE RIDER—ARM PLAN 650—Single Family—Fannie Mae Uniform InstrumentForm 3115 1/01 (rev. 6/16) (Page 2 of 3)

Form 3115 - Adjustable Rate Rider (Three-Year Treasury Index-Rate Caps-Fixed Rate Conversion Option) Page 2

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