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mar e t 1 h 1 D. bNMORM SECURM INSTRUMENT; GOVERNING LAW; SEVERABUM t1niform Covenant 15 of the Security Instrument is amended to read as follows: Is. Usidom new" Inuument; Goveraittg Law; Se traboty. 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. L TRANSFER Of THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Tnmfer of the Pnperty or a Beaefldal It terrst to Borrower. If all or any part of the Property or an interest therein is sold or transferred (or H a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) withott. Un ier's prior written consent. Lender may, at Lender's option, declare all the sums secured by this Security Instrument. to be immedirfdy titre and payable. However, this option shall not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the eaercist oi'this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new toam•were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan a umption 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 Loan assumption. Lender may also require the transferee to keep all the promises and agreements made in the Note and in this Security Instttrment. "If Lender exercises such option to accelerate, Lender shall mail Borrower notice of ac leTation in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such stuns prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remedies permitted by this Security Instrument." "Not*rithstanding a sale or transfer. Borrower will continue to be obligdted under the Note and this Security Instrument unless tender has released Bormwer in writing." F. LOAN CHANGES If the loan secured by the SecuA;Y.. Instrument is subject to a law which scrk maximum luau- charges, and that law is finally interpreted so that the interest or other loan charges 031hlicted or to be collected iti' ' nnw4on' with the loan m ed permitted limits. then: (1) any such loan eurge shall be reduced by the amount abcessary to reduce the chmW to the permitted limit; and (2) any sums already collected from borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to M rower. If a refund reduces principal, cite reduction will be treated as a partial prepayment under the Note. IN WT1WE -SS WHEREOF, Bom wer has exemILd this Adjustable Rate Rldts Karl M. Heck BORROWER (Seal) (Seal) Paula J. Heck BORROWER r s N L7 n CA n = :. 3 e L � o �1 ' (seat} BORit OWER (SIGN ORICi NAL ONLY) i - r - , i e u� co UM h ri H O iY CA n 2 a v 6t Iva �• co v v U) f D (ti i - r - , i