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2� 1 ��2828 q�33�54�83�� Q 13 424 �3�4 bond f�r deed, con�rac# for de�d, installment sales contract or escrow agreemen�, th� ir�ter�t af wh�ch i� the t�ansfe� af #�tle by So��owe� at a future date to a purchas�r. If al# or any �art �f t�e F�raperty or an� Interest in the praperty �s sald or transf�rred �or if Borrower is nflt a na#ural person and a beneficial int�rest in B�rr�vver �s sa�� r tran�ferre�} without Lender's �rior �rr��ten cansent, Ler��er may requ�� rnmed�at� �ayment in full af all sums s��ured by #h�� curit� Instrument. Hov�ever, this op�ion shall not be e�cercised by Lender if such exerc�se is prohib�ted � �Y►��pl�cable t,a►�. If Lender exercises thi� aption, Lender shall �i�e B�r�ower notic� of ac�elera�ic�n. The na��ce sha�! �ravid� a periQd of not less ��an 3� days fr�m the d�t� the not�c� is giv�n in accordance �vith Section �5 �ithin wh�� ga�rnwe� �ust �ay a�! sums secure� by #his Security Instrument. If Borrower fails to pay these sums prior fa t�e expira�ion of �h�s periad, Lender may in�oke any remedies perrni��ed by t��s Se�ur�ty Instrurnent without further no�Ece�r deman�nn Borrower. �. V11hen Barr�vver's initiai fixed interest rate changes to an adjustab�e interest rate unde� the terms s�a�ed in �ecti�n rat abave, Llr�iform �vv�n�nt �8 of ��e �ec�ri#�r Ins�rumer�t �escr�bed in Section B1 abQve shall then cease t� be in effect, and the provisi�ns of Uniform �o�en�nt �$�f the Se�urity 1 nstrumen�shall be arnen�ed to read as fallows: Transfer of �h� Property ar a S��ficial Inte��st in Borrs�v��r. As used in thi� �ectian 1$, "lnterest in the F'raperty" means any legal �r beneficial interest in th� Praperty, inc�udir�g, but no� limite�l to, those benefic�a� �nterest� �r��sferred �n a bon� for �eed, cantract for deed, inst��im�nt sales cflntract or escrow agre�ment, the intent of w�ich is the transfer of tit�e by B�rro�er at a future date ta a �urch�ser. If afl �r any part of the Proper�y ar any Interest in the Property is sold or transf�rred �ar if Borrower is �ot a natural �erson and a benefcial interest �n 8orrower is sold or transferred} with�ut Lender's pri�� written cons�nt, Lender may require imme��ate paym�nt in full of all s�ms secur�� by �his �ecurity Instrument. M��eve�, this option shall not be exe�c�sed b� Lender if such �x�rc�se is ��ibit�d by Applicab�e Law. Len��r a�so shall not exercise this option if: �a} Borrower causes fa be submiffed f� Lender infa�ma��an requlre� by L�nder to evaluate �he intended transferee as if a n�vv �van �►vere being made ta the tran�feree; and �b� Lender reasonably determines that Lender s secur��y will r�Q� be impa�red by the loan ass�m�tfon and that the risk of a �r�ach of a�y covenant ar agreerner�t in th�s Security �nstrumen�is accep�able to Lender. T� the extent permi�ted by Ap�licable La�u, Lender rnay ch�rge a reasonab�e fee �s a c�ndit�an t� Ler��erMs consen� to the loan assumption. Lender a�so may requir� the transferee tfl sign an assurn�tion agreernent that is acceptable to Lender and that ob��g��es the tr�nsf�ree to kee� a�� h� �rc�mises �r�� agre�men�s �rra�e �n th� �o�� and in this Security lnstrument. B�rrower w'rll c�ntinue ta be �bligated under the hto�e and this �ecurity Instrument un�ess Lender releases 8flrrower in writ�ng. lf Lender ex�rc�s�s �he �pti�n t� requ�re immediate p�yment in fu11, L�nder sha1� gi�e Borrower no�ice of acceleration. The notice shal! �rovide a peri�d af not less than 3� da�s from ��e date the not�� s given in accordan�e �ith ��c��on �� v�r��in which B�rr��►er rnu�t p�y�all surrtis �ecured by this:�ecurity Instrum�nt. If Borr�wer fai�s to pay these sums prior t� �he ex�ira�i�n �f �his peria�, Lender may invoke any r�med�es �ermitted by this Security lnstrument ►��thflu# further notice �r demand on Borrower. AAULT�STAT�F��1�4DJLJSTA��F�4TE RIDE�-1��J �ne-YearL�Bt?�- �in��e �arr�i�y - Fannie IIAae lJnifvrm Inst�ument �� VMP��I G$R ��5�7} Page 3 of� [niti�ls: Fvrrn 3187 fil��l