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y� I D. UNIFORM SECURITY INS3111TMENT: GOVERNING LAW: SF.VERABILITY Uniform Covenant 15 of the Secutity.ptstrument is tonended to read as follows: 15. Ushers mcw ty imdrss t: Gmftv1mg Law: SnerabWty. This form of Security Instrument combines uniform covenants for national use and non - uniform covenants Kith flm6ed variations by jurisdiction to constitute a uniform security instrument covering teal property. This Security Instrument shall be aovemat: by Federal law and the law of the jurisdiction in which the Property is located. in the event that any provision or dater of this Security Utarument or the Note conflicts with applicable law. such conflict shall not affect other provisions of this Security instrument or the ;Note whkb can be given effect without the conflicting provision, and to this end the provisions of this Security Instrument and the Note are doclared dbeseverable. E. TRANSFER OF THE PROPEWY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the9=uri1g.7nstrttmenr is amended to read as follows: 17. TnuWer of the Propmy or a D iNdicid iatersO Is Borrower. If all or any part of the Property or an interest therein is sold or transferred (or if a beneficial interest in Bom3war is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, , Lender may, at Leader's option, d6 dare all the sums secured by this Security Instrument to be immediately due and payable. However, this option shall not be en, and by LtMe r if exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower causes to be submitted to Lcadta fifa oration mquired by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Letrde~ r , anabiy determinm that Lender's security will mm be iced by the Gat assumption and that the risk of the bra,=h43f any eovenam.or agrrx nairirt this Se:+aity Instrument is acceptable . :p L=ea.. ; Tin t he extent pcmitted bir applicable lair, Leader may clta.•ge a reasonabfe feu; as a 4 &lion to L -p3m—s ecnsmt` ta7 the Ican;assumption. Lie'v& -r may also tai *r. the ttati titme to keep all titre pro^ :mvv agreements rate iti °;:*lrNore and ini`,isSe,^ � •! ^�ttenir. .:. ; "if Lender erwtises such oppon to aceckv iei, Bowsaw. PUtice of acceleration t►C !'v: 17 it paragrapli L4 hereof. Stich av- m sal pruxide a period.of not less ft2iL i Bas ` �°t: '�: Pate 6z fis pailed within wlh c r.B. n;w=,w lay, pay the sue u declared Bite. llr cerowe .o pay such: sutras prioi c:r ; expiratiai: ,":; such pz ee ,1.: !_ uit!w= iir- r notice a demand o::� Sorrower, invoke any reme permitted by this Security Lavr.—on nt." . "Notwithstaw&g a sale ar transfer, Bormwer will continue to be obsi usaitarter t3e.:Note and this Security Instrument unless Leader has, released Borrower in writing," F. LOAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so, that the interest or other loan dthrges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan charge shalt be reduced by ilia amount necessary to reduce the charge to the permitted limit, and (t) any sums already collected from borrower, i which exceeded permitted litnfiv will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dirml payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WHERECO. Borrower bas executed this Adjustable Rate Rider. r L k (Sea.) Plichael L. Redman BORROWER L4$1, IZ.CE.�. V C-"11 (Soa) 4,n . RedmanBORROWER ` � 7 ! R1 yl h •, {: ft v d BORROWER (SIGN ORIGINAL ONLY) w -t ti _ ' A —0 c: y (Seal) it i. !r I.