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1 D. UNUMM 8111.;URM INSTRUMENT; GOVERNING LAW; SEVERANUTV 9�--- i0 91 Q V 4? Uniform Covenant 15 of the Security instrument is amended to read as follows: tJ 1S. Umbers• aaewiq lownuasall Qiovaralrtg bawl BavarsWhy. This form of Security Instrument combines uniform covenants for national use 1 and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This 1 Security Inamusse st 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 Instrummi or the Note which can be given effect widow the conflicting provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. B. TitANSFER OF THE PROPEM OR A UNisTii'IAL INTERIM IN BORROWER Uniform Covenant 17 of the Security laatrument is wmeoded to read as follows-, 17. Tranafar of tree Psgwly or a Bead kW Itlarat In IlIK"wer.. If all or any part of the p"pcny 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 slams secured by this Security Instrument to be inuuediately duce sad payable. However. this options shall not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the aurcise of this option if: (a) Borrower CRUM to be submitted to Lender Information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of the breach of any covenant or agreement in this Security Instrunwat is acceptable to Lender. To the extent pemitted by applicable law, LE tn,4cr rosy charge a reasonable fee as a condition to Leader's consent to the loan assumption. Lends may also require the transferee to keep all the promises and agreements made in the Note and in this Security instrument. "If Lender exercises such option to accelerate, Lender shun . mail Borrower notice of so-Mention in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days fro m -;:x date the notice is mailed) %Rhin which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period. Lender may%, without further notice or demand on Borrower, invoke any renedies permitted by this Security Instrument." "Notwithstanding a ask or transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. LOAN CHANGES If the loan secured by the Security Instrumen; is Subject to a law which sr+s maximum loan charges, and that law is finally interpreted so that the interest or other loan charges coUccied or to be collected in connection with the ban exceed permitted limits. then: (1) any such loan 4r5e shell be reduced by the atnewt t necessary to reduce the charge to the permitted limb; 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 malting a direct payment to Borrower_ of a refund reduces principal. the reduction will be treated as a partial prepayment under the Note. IN WM ESS WHFRDOF. Borrower has eawa ssl aisle Adjustable bate Rider. L BORROWER William A. Brawn BORROWER BORROWER (SIGN ORIGINAL ONLY) (Seal) (Seal) 7 ti ��•y i w_ I