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•yy <br />1�F <br />z: <br />D. UNIi0011 SGGURUY INSTRUNZNT; GOVERNING LAW; SEV©tASU Y • r <br />Ualfoan Covetlalnt 13 of the Security Instrument is am=W to ssAd ai follows: <br />1S. UsUbirn r> oky bovemme. Cova rdon Law; Sevw"t v. This form of Security Instrument combines unifortm covenants for national we <br />and aeon- uniform covenants with limited variations by jutinc ctiotr to constitute a uniform security instrument covering real property. This <br />Security Instrument shall be governed by Federal tutor anti tiro lacy of the junsdlctiam In wbkh the Property is located. In the event tat any <br />Provision or clause of this Security Instanmeat or the Note conflicts with applicable law, such conflict shalt not affect other provisions of this <br />Security instrument or the Note which an be given effect without the conflicting provision, and to this end the provisions of this- Security <br />inatttsnaent artd the Note are declared to be severable. <br />E. TRANSFER OF THE FROPF.M OK A SENUICLtL INTEREST IN DORROVE. 2 <br />Uniform Covenant 17 of the Security Instrument is salmdexf ter! te'tid.as faltows: <br />17. Trawler at tie Property or a ilaeAeW dteseatt Ice Dtw"ir... tf.:all cra;:tuy part of the Property or an interest therein is sold or transfetrred <br />(or if a beneficial interest in Bomawtx is sold out not a natural person) without Lendtr's prior written consent, <br />Lender may. at Lendees:4pt9ot�r dr;9Bare all -the sums tmvred by this Security Instrument to be immediately dux and payable. However. lids <br />option shall not be extsri.�dby Leader if exeercite in not authorized by Federal taw. Lender may waive the exercise: of this option if: (a) Borrower <br />causes to be submittid-ao Lender information regttitvI by Lender to evaluate the intended transferee as if a new loan were being made to the <br />transferee; mad (b) Lender reasonably determines thrlt:Le ider's security will not be impaiad by the loan assumption and that the risk of the <br />breach of any covenant or agreement in this Security Inetarbment is acceptable to Lender. <br />To the ettens.twmitted by applicable luw;,t nder -nay charge a reasonably fee as a condition to Lender's coe:*ent to the loan assumption. <br />Lender may also rrcrtulirr the transferee to itnp ir13_tAt promfties curd agreements made in the Note and is rEs Security [,=rumen. <br />"if Lender eirw a vs such option tn•s fi'dte i, Lender shall mail Borrower notice of accelerat:r:tir rt�xordance with paragraph 14 hereof. <br />Such notice shall p�& -4.c a p c>�i r=1 "iYii ii_i. f fii,n (! days from s he date the notice is mailed within wfiieFt Borrower may pay the Burns declared <br />due. If Borrower fuilf tc pav :6 rfii!auns pirm.;,-cs the' expiration of such period. Lender may, without further notice or demand on Borrower, <br />invoke any tYmedle£;.?3131tCd i7�f iiSiL �eCUrity I re7rrileni." <br />•'Notwithltprntfslt sale cr!m. r sfer, &: rL -wer will Lontinue to tic under the !Vote and this Security Instrument unless -Linder has <br />released Rorrotretrlgvti ing <br />F. L47AN CHANGES <br />If the loan swurcd by rile Sectiiit) lustruertazt ii subject to a taw which frets maximum loan charW., and that law is finally 7i�, reted so <br />that the interest or allim leratt. eltugm willexted w eo be Collected in conneztion yritb the loan exceed p=itted limits. then: (I) 4M%such loan <br />charge shall be reduced by ibt* amuarit necessary to reduce the charge to the pe matz.d U -_A, and (2) any sums already collected from borrower <br />which exceeded permitted Iimitt AA be refunded to Borrower. Lender may ch=o c to tnakz diis refund by reducingthe principal owed under the <br />Note or by nuking a direct payment to Borrower. if arefund reduces mine; a:`, the reduction will be treated as a partial prepayment under the <br />Note. <br />�r <br />IN W ITNFSS WHERFOF. Borrower baa etteruted 1h6 AOjuitable Rate Rifler. <br />(Seal) <br />Randy S stfdll BORROW : _ <br />f sell) <br />• f � <br />Lauri J. WE5tf2i11 BORROWER <br />(Seat) <br />BURROWER <br />(SIGN OitIGINAL ONLY) <br />nrl <br />hit <br />r <br />t <br />