The temperature decreases with the dry adiabatic lapse rate, until it hits the dew point, where water vapor in the air begins to condense, which then reduces the adiabatic lapse rate to the moist adiabatic lapse rate as the air continues to rise.
The temperature decreases with the dry adiabatic lapse rate. It hits the dew point. Water vapor in the air begins to condense. The dew point reduces the adiabatic lapse rate to the moist adiabatic lapse rate. The air continues to rise. Water vapor in the air begins to condense then.