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- <br /> , • 8426658 <br /> � LOVE <br /> �. � � ��O <br /> �: 98 (-� s <br /> a period of not less than 30 days from the date the notice is delivered or tnailed within which Borrower <br /> must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the <br /> expiration of this period,Lender may invoke any remedies permitted by this Security Instrument without <br /> further notice or demand on Borrower. <br /> 2.WHEN BORROWER'S INITIAL FIXED INTEREST RATE CHANGES TO AN ADJUSTABLE INTEREST <br /> RATE UNDER THE TERMS STATED IN SECTION A ABOVE,UNIFORM COVENANT 17 OF THE SECURITY <br /> INSTRUMENT DESCRIBED IN SECTION Bl ABOVE SHALL THEN CEASE TO BE IN EFFECT,AND THE <br /> PROVISIONS OF UNIFORM COVENANT 17 OF THE SECURITY INSTRUMENT SHALL BE AMENDED TO <br /> READ AS FOLLOWS: <br /> Transfer of the Property or a Beneficial Interest in Borrower.If all or any part of the Property or any in- <br /> terest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is <br /> not a natural person)without Lender's prior written consent, Lender may, at its option, require immediate <br /> payment in full of all sums secured by this Security Instrument. However,this option shall not be exercised <br /> by Lender if exercise is prohibited by federal law as of the date of this Security Instrument.Lender also shall <br /> not exercise this option if: (a)Borrower causes to be submitted to Lender information required by Lender <br /> to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender rea- <br /> sonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a <br /> breach of any covenant or agreement in this Security Instrument is acceptable to Lender. <br /> To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's <br /> consent to the loan assumption.Lender may also require the transferee to sign an assumption agreement that <br /> is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the <br /> Note and in this Security Instrument.Borrower will continue to be obligated under the Note and this Security <br /> Instrument unless Lender releases Borrower in writing. <br /> If Lender exercises the option to require immediate payment in full,Lender shall give Borrower notice of <br /> acceleration.The notice shall provide a period of not less than 30 days from the date the notice is delivered or <br /> mailed within which Borrower must pay all sums secured by this Security Instrument.If Borrower fails to pay <br /> these sums prior to the expiration of this period,Lender may invoke any remedies permitted by this Security <br /> Instrument without further notice or demand on Borrower. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Fixed/Adjustable <br /> Rate Rider. <br /> (Seal) <br /> JA S M. LOVE -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> PAULA K. LUND -LOVE <br /> (Seal) <br /> 240096(25/pkg) (5/96) [00962] Page 2 of 2 <br /> KR <br />