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Q. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SE:YE.RABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: iS. Valform security Instrurneat; Govaniag Law; SeveraWlity. This fkir m of Security Instntttlent combines uniform cilvenants for national use fand non - uniform covenants with limited variations by jurisdiction tc+ con . % a uniform security instrument covering real property. This i 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 INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Tratasfer of the Property or a Beneficial Interest In Borrower. If all or any part of the Property or an intere54 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 rutty, 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 exercise is not authorized by Federal law. Lender may waive the exercise:of this option if: (a) Borrower i causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new town 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 instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may cha. ge a re¢spaable 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 Instrument. "if Leader exercises such option to accelerate, Lender shirt mail Borrower notice of acceleration in accordance with paragraph lA hereof. Sucks ttatice shall provide a period. of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums dedzW due. It Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, t invoke any remedies permitted by this Security Instrument." f "Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security instrument airless Lender has 1 released Borrower in writing." 1 F. LOAN CHANGES If the loan secured by the Security- instrument is subjmt to a law which sets ma --mum loan charges. and that law is fittulEr ,interpreted so that the interest or other loan dmr.' escuilected or to be.coll. ted in connection with, the loan exceed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce lbe charge to the permitted limit; and (2) any sums already collected from under t e . , _. . �, r , jvat refunded rn Rnrrnwer. lender may choose to fluke this refund by reducing the principal owed under the . wlucct cn�ccucd Yom: �:S;.iw .it^.«. _:.. LK _ - Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will b: treated as a partial prepayment under the - Note. 1,11 WITNESS WHEREOF, Borrower bus executed tbiti Adjustable Rate Rid (Seal) Francis uth BORROWER Shari M. Gauthier BORROWER (Seal) t - BORROWER (SIGN ORIGINAL ONLY) j 0o C-> N rn oo It iv o. 4� ca cn 0 Z Lcn 1� 1