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However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable <br />Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender <br />information required by Lender to evaluate the intended transferee as if a new loan were being made <br />to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired <br />by the loan assumption and that the risk of a breach of any covenant or agreement in this Security <br />Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a <br />condition to Lender's consent to the loan assumption. Lender may also require the transferee to <br />sign an assumption agreement that is acceptable to Lender and that obligates the transferee to <br />keep all the promises and agreements made in the Note and in this Security Instrument. Borrower <br />will continue to be obligated under the Note and this Security Instrument unless Lender releases <br />Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall give Borrower <br />notice of acceleration. The notice shall provide a period of not Tess than 30 days from the date the <br />notice is given in accordance with Section 15 within which Borrower must pay all sums secured by <br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, <br />Lender may invoke any remedies permitted by this Security Instrument without further notice or <br />demand on Borrower. <br />VMP ® -166R (0806) <br />REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. <br />SIGNATURE PAGE FOLLOWS. <br />2 01301687 <br />U. S. BANK NATIONAL ASSOCIATION N. D. MODIFIED <br />MULTISTATE ADJUSTABLE RATE RIDER - WSJ One -Year LIBOR Single Family - Fannie Mae <br />UNIFORM INSTRUMENT <br />Page 3 of 4 Form 3189 6/01 <br />