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3 •. � E D. UPtWORM SECURnT LYSTICVAUNT; GOVERNING LAW; SEVERABILITY Uniform Covenant 15 of the Security instrument is amended to read as follows: 15. Va)fort seeadiy iastmmnt; rGovevWog Law; Sevembility. This form of Security Insittintent combines uniform covenants for national use r. 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 taw of the jurisdiction in which the Property is located. In the event that- any provision or claus: of this Security Instrument or the Mote conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be ghee effect without the conflicting provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. F. TRANSFFA OF 'tilF: PRO)PF.R'IY OR A BF:NEFIt'IA{. i%YFrRUST IN SORRQW6Yt Uniform Covenant 17 of the 5tcurity Inofunmit isamendcd to read as follows: 17. Tratwferot the Property or r Deverldal Interest in Borrower. it all or any part of the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower ii not a natural persona without lender's prior written consent, Lender may, at l.cndcr's option, declare all the surns .ccured h„ this Security Instrument to be immediately due and payable. However, this option shalt not be excrosed by Lender if exercise is not uutha,riied by Federal law. Ixnder may waive the exercise of this option if: (a) Borrower causes to be submitted to Lender infotntatiun required by I ender to evaluate the intended transferee as if a r,..w loan were being made to the transferee; and (b) Lender reasonably determines that lender'% security will not be impaired by the loan ass-art and that the risk of the breach of anyeovenant or agreement in this Security Initntmeat is acceptable to Lender. To the extent permitted by applicable taw. i ender t,my aka rge a reasonable fee as a condition to Lender's cemPant to the loan assumption. Lender may also requite the transferee to keep all the prom .r., and agreements made in the Note and in this Security Wstrument. "If Lender exercises such option to accelerate, Lendc r knoll mail Horrower notice of acceleration in accordaax :with paragraph 14 hereof. Such notice shall provide a period of not lea than 3Q day, from the date the notice is mailed withip 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, inva'ltvany reintdits permitted by this Security Instrument." "Notwithstanding a saleor transfer, Borrower will can a ;a: to be obligated under the Note and this Security In-1,rument unless Lend`rlts ce`,=Lced Borrower in writing." F. ' .W� AN CH % % -GES Ffi die loan snared by rite Security Instrument is subl.2a �o * law which sets mati m. Lim Irian charges, and this.1 v,. k finally interpreted <;a ; cha; zt,.ie cr other loan .,b.arjes collected or to be :J'fse.t in connection with the ;nan exceed permitted t__ i` .. ;!hen_ (1) any such loan' ehargrihais.b'a: -rai<A d by the amount necessary to reduce the c`:atge to the permitted limit; and (2) any sums ah'eaif s collected from borrower which CRCeede : fiated limits will be refunded to Hon•ov.e:% Lender stay choose to make this refund by reducing t }:.arincipal owed under the Rotc fir ty making as direct payrnmt to Borrower. If a refunt ; r:aauccs principal, the roda�.aion will he treated as a ,, �ta1 prepayment under the Xjtz; IN WITNESS WHEREOF, Dorrower hm.«nocuted Ms Adjustable hate Rider. A7, ,Seal) Mlichael Mlartiri"RROWER 1 +�- � � -� •= .;- .�- ��1!�'<r�'u- - -- - -(Seal) Cy hia 3o martin iactltltnwt t (Seal) ONLY) is en _ �� m Cos r+a ~t rill I rTj VV _1j r Z _. O L ,i i;. . d�