Form 3115 - Adjustable Rate Rider (Three-Year Treasury Index-Rate Caps-Fixed Rate Conversion Option) Page 3

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Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from
the date the notice is given in accordance with Section 15 within which Borrower must pay all
sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the
expiration of this period, Lender may invoke any remedies permitted by this Security Instrument
without further notice or demand on Borrower.
2.
If Borrower exercises the Conversion Option under the conditions stated in Section B of this
Adjustable Rate Rider, the amendment to Uniform Covenant 18 of the Security Instrument contained in Section C1
above shall then cease to be in effect, and the provisions of Uniform Covenant 18 of the Security Instrument shall
instead 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.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The
notice shall provide a period of not less than 30 days from the date the notice is given in
accordance with Section 15 within which Borrower must pay all sums secured by this Security
Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may
invoke any remedies permitted by this Security Instrument without further notice or demand on
Borrower.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Adjustable Rate Rider.
……………………………………………………………. (Seal)
-Borrower
……………………………………………………………. (Seal)
-Borrower
MULTISTATE ADJUSTABLE RATE RIDER—ARM PLAN 650—Single Family—Fannie Mae Uniform InstrumentForm 3115 1/01 (rev. 6/16) (Page 3 of 3)

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