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{ R \ a D. UNIFORM SECIlRM INSTRUMENT; GOVERNING LAW; SEVERAS1LhfiY Uniform Covenant iS of the Security Instrument is amended to read as follows: 19. Uelfortn aeewhy lmsb e+.t; Goveraiag Law; Seve=Wlilty. 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 cmvering tat _property, This Security instrument shill be governed by Federal law and the law of the jurisdiction in which the Property is located. Irr the event that Any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall. not affect ether pr Wolons 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 INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17- Traoder of tie ProWly or a Benefkid laterest Is Borrower. If all or any part of the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not 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 immediately due and payable. However, this option shall not be exercised by Lender if eccrdse is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower causes to be submitted to Leader information required by Lender to evaluate the intended transferee as if a now kart were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loam assumption and that the risk of the breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the roan assumption. Lender may aLyrrognire the transferee to keep all the promises and agreements made in the Note and in this Severity tmtr west ' . "If Lender exercises such option to accelerate, Lender shall mail Borrower neticeof acceleration in accordance witft;8a. raph 14 hereof. . Sufi notice sW provide a period of not less than 3o days from the du:c the ^esice is railcar -within �,ltich BerTea+sr may; : Fsy,tRe sums declared +aim: l± Scxmwer faits to pay such stmts prior to the expiration of such period, Lender may, without further notice or d06 'don Borrower, ius©ke any remedies permitted by this S= city Instrument." "Notwithstanding a salter transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has na=sed Borrower In writing.'" . F LOAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charsq% and that law is finally interpreted so char, the interest or other loam charges collected or to be collected in connection. with: the loan exceed permitted limits, then: (1) any such loan diairse shall be reduced by the amount necessary to reduce the charge to the permimed limit; and (2). any sums ahvady collected from borrower which exceeded permitted limits will be refunded to Bor; uan.T. Lender may choose to make this r:fund by reducing the principal owed under the Note or by making a direct payment to lug vwer. If a refu nd reduces g -ndpal, the reduction will be treated as a partial prepayment under the Note. IN WFfNESSS WHEREOF. Borrower ins execaW tkis Adjustable Rate Ridler. �g I n � . v j.. Marcehe Neppl a/kfflf1QKAe Y. teppl BORROWER (Seal) BORROWER (SIGN ORIGINAL ONLY) M n r1