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Jun -30 -00 13:16 From- T -601 P 28 F -139 200005488 B. TRANSFER OF THE PROPER'L'Y OR A BENEFICIAL- INTEREST iN BORROWER i . Until borrower's initial fixed interest rate changes to an adjjusmble interest rate under the terms stated in Section A above, Uniform Covenant 18 of the Security Insuument shall be ill effect as follows: Transfer of the 1<'t•operty or a Beueficiul Interest in I3orrower. If all or any part of file Property or ally interest in it is sold or transferred (or if Borrower is not a natural person acid a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may, ai its option, require immediate payment in 171,11 of all sum, secured by dfis Security Instrument. However, this option shall not be exercised by fender if exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shalt provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must prey all sums secured by this Security Instrument. If Borrower fails to pay these SUMS prior to the expiration of this period, mender may invoke tiny remedies permitted by this Security Instrument without further notice or demand on Borrower. 2. When Borrower's initial fixed interest. rate changes to an adjustable interest rate Under the tents staled in Section A above, Uniform Covenant IS of the Security instrument described in Section 131 above shall then cease to lie in effect., and the provisions of Uniform Covenant IS of tile Security Instrument shall be amended to read aVq follows: `transfer of the Property or a Benefidat interest in Burrower. IF all or tiny pact of the Property or any inWresi in it is sold or transferred (or if Borrower is not a natural person and a beneficial int�•rest in BOrrOWCr is sold or transferred) without Lender's prior written consent, Lender may, tit its option, require immediate payment in full of all sums secured by this Security Tr,suument. 110wever, this option shall not be exercised by Lender if exercise is prohibited by Applicable, Law. mender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being male to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and tht It tite risk of a breach of any covenant or agreement in this Security Insuument is acceptable to Lender. To the extent permitted by Applicable Law, Lender may charge it reasonable fee as n condition to Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security Insuument, Borrower will continue W be obligate(' under life Note and this Security Instrument unless Lender releases Burrower in writing. If Lender exercises the option to require immediate payment in full, Tender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days fmtn fife date the notice is given in accordance with Section 15 within which Borrower must pay atsl sums securett by this Security Instrument. If Bon•owcr fails to pay these Sums prior to tho 7200303 -00 Initials: (M-943R (0003) Page 3 of 4 Form 3182 MOO 0