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<br /> . :':• �;.• Trw�sfer of tt�e Propaty or a BeneficlAl I»taYSt tn Bomower.If all or any part of tbe Propetty or
<br />` '' '�.�,.;'� any Interest iu it i� sold or u�nsferr¢d(or if a bcneficial intcrest ia Bonower is sold_or trmsfetred ancl
<br />_ �,�E;,�- Bosower is pot a natur�l persan) wlthout Lender's prior wrttcen cansent. Lendor mAy, �t its option,
<br />•�::±:.:"i *.` nquin imarediate paymept tn full of�ll swna secund by ttua Security Insavmeat. However, thfa opdon
<br />::�;�:.:,-�•;; shali not be rxercised by Lender if exercisc is prohibited by federal law as of the date o!'this Security
<br /> ����•�-�� lnsaument. L.eader also shall not exercixe tWs opdon if: (x)Borrower causes to bn submitted to I.eader
<br /> f f'�l•'.�`�'�` infom�xtion requind by Leader to evaluata thn intended uuuferec as if a new loan wen being m�cic to the
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<br /> . ;.t_ ,, � transferee: and(b) I..eudet reasonably detemunes thst Leacirr's saurir� wlll not be imptircd by ttce loan
<br /> -`x`=;*:r'�' assumpdon and thut the tisk of a breach af any covenant or agceement In this Secudty Iasuwncnt is
<br /> .' "+. acceptablc to Lei►der.
<br />;;.�L: �'•«� To the extent permitted by applicable law, I.endor wny clurge a reasoaable fee u a condltioa to
<br />'��,.,�._�• Lendor's conaent to the loan usnmpdoa Lender also may requlrc tbe uaasfene to sign an assumpaon
<br /> - -- agcremcnt that is aceept�blc to I..ender and thut obligates tha aac�feree to kap all the promt�es and
<br /> `''�'-� agreements medo in the Noce aad in tbls Security Insaument.Borrower will condnue to bo obligated under
<br /> �--�'°� the Note and this Secucity Instmment unless Lender releases Horrower ia writing.
<br /> If L�cnttcr a;.�i�t�e ogiion tu rtquite isn.m_�ate �y!*!snr in fuil, Leuder stwU giva Borrower
<br /> �= nodce of ecceleradon.Tl�e notice shall provide a period of not less thaa 30 days from the dau the nodce Is
<br /> = deliverai or mailed within wlrich Botrower must pay all sums sxured by this Secutiry fasaument. If
<br /> �.._�= Borcower faile to pay these sume prior to tlie expir,tdan of this periad, Ltnder msy invoke any remedies
<br /> -- permitt�d by thia Security Inst�umeut without fucther no�ce or damand on Borrower.
<br /> ---- . 2. If Bonower exenises the Conversion Opdon undor tho caaditlons stated In SecpQac B of this
<br /> ��,� Ad,jWStable Rata Rider, the aaieudment to Uniform Covenant 17 of'the SecurIty Instramant containd in
<br /> —"`--° • Sexdon Cl above shall then cease to be in eNect, and the provisia�s of Unifozm Covenaat 17 of H�e
<br /> .--�---- Security Instrument shall iasteAd be in effxt.as follows:
<br /> -°-°-° Tc+�nafa of the Property or a Beneflcfal Intaest tn Borrow�r.If all or atty patt of the Pmpe[ty or
<br /> _ `"- - , any intorest ia it is sald or traasfernd(or if x beneficial interect in B�rrowcr fs sold or mnsfemed and
<br /> �--- Borrower is not A natural peison) without Leudar's prior written consent. Lender may, it its option,
<br /> ___— require immediate paymcnt in full of all sumn scctu�ed by thie Sxuri.ry Ins�trument. Howcver. tLis optioa
<br />—_-- ' shall not be exercisecl by i.c:nder if exercise is prohibited by federal law as of the date of this Security
<br /> Instcumont.
<br /> ' If Lender exercises this opdon, L.ender shall give BarravWer notincC of acceleration.The sodce s�twU
<br /> provide a perlod of aot less tl�w 30 days from the date the nodce is ddivered or m�iled within which
<br /> ------ Borrower must pay sll sums secured by this Security Insuument.If Boirower fails to pay tbese sums prior
<br /> to the explration of this period, L.ender may invoke any nmedies pecmitted by tLIs Security Iastcument
<br /> without further notice or demand on Bonower.
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<br /> __ (�f��46U 19706) Pege 4 of 6 Form 31181/88
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