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201202001 B, TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BPRROWER Section 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, installmont 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 transfer�edl without Lender's prior written consent, Lender may require immediate payment in full of all sums secured 6y 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 Yo 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 thaY Lender's security will not be impaired by the loan assumption and that the risl< of a breach of any covenant or ac�reement 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 may also require the transferee to sign an assumption agreement thaY is acceptable to Lender and that obligates the fransferee to I<eep all the promises and agreements mado 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 Yo require immediate payment in full, 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 1 5 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 invol<e any remedies permitted by this Security Instrument without further notice or demand on Borrower. 24000620 MULTISTATE ADJUSTABLE RATE RIDER - ARM 5-2 Fannie Mae 42/5-2/6-2 ARM Single Family - Fannie Mae/Freddio Mac UNIFORM INSTRUMENT Form 3111 1101 VMP � VMP822R f0804) Wolters I<luwer Financial Services Initials��,__. Pac�e 3 of A ��