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D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: iS. Valtonn woritr leatrrteertt; Gorernieg Law; SeverabWty. This form of Security Instrument combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL 1NTEMT IN Iii RROWER Uniform Covenant 17 of the Security Imamment is amended to read as foVows,, 17. Treader of the Propedy or a Beaetklat Iulcml its Borrower. If all or atng PW of the Property or an interest therein is sold or transferred (or if a beneficial interest nn Borrower is sold or transferred and HorTower is mat a natural person) without Lender's prior written consent, Lender may, at Lender's option, declare all the sums secured by this Security Instrument to be immediatelS dF ri and payable. However. this option shall not be a for ised by Lender if exercise is not authorized by Federal law. Lender may waive the exemi.�* of this option if: (a) li mrower causes to be submitted to Lender information required by Lender w evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's se<^utity will not be impaired by the loan ossurnption and that the risk of the breach of any covenant or agreement in this Security Instrument is aceptabie to Lender. To the extent permitted by applicable law, Lender may chase a reasonable fee as a condiden to Lcttc & ;consent to the loan ass r rion. Lender may also require the transferee to keep all the prw9sa axdl agreements made in the Note and in this Security lnstrwit mt. "If Lender exercises such option to accelerate. Lender shail•mazl Borrower notice of acceleration in accordance with i,.rap^ rph Id hereof. Such notice shall provide a period of not less than 30 days ft' zn the date the notice is mailed within which Bomnwer may pay the sums declared due. If Borrower fails to pay such sums prior to the eviration o 'such period, Lender may, without further.nnotice or demand on Borrower, invoke any remedies permitted by this Security Instrument." "Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. LOAN CflANGFS If the loan secures E .y the Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or gther loan charges collected or to be collected. Imcvnnection with the loam exited permitted limits, then: (1) any such loan charge shall be reduced itg.the amount necessary to reduce the ch4W_ tpo the tx— r-mwed limit, (2) rry:= °a1_=dy co:.':;.md from b..:rc:.., which exceeded permitted: Waits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a: dirett payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WMEREOF. Borrower has executed this Adjustable Rate Rider. rti L 11 s M ac %. (Seal) Wa N. ScarboroROWER _-A—', It Geraldine E. Scarb8QJJVWER (Seal) BORROWER (SIGN ORIGINAL ONLY) B s F -� '� iJ a I r• rn n co � co C n b�-i 00 93 CID En Cn 1� - ._ j! o —. i B s F -� '� iJ a I r•