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> LAW; ss►ElASaa.ITY 106402 UWMM C "U" 13 or the Setxttity kwument is amended to road as fofollow io M. UeKass eo p Ri kmstrusaat; flaw; %verailolty. This form of Security Instrument cc- a uniform covenants for national use +sod noviottiform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real ;a Werty. 77th Security Instrument shall be governed by Federal law and the law of the juri,dcd n In which the Property is located. In the event that any ptovlsion or dam of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Sec%st ty instrument or the Note which an be given effect without the coallicung provision, and to this end the provmom of this Security Instrument eat and the Note are declared to be severable. L TRANSM OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as fol lows: 17: 1ltansfw of the Properbr or a Beneficial bs st in Borrower. If all or any part of the Property Oran interest therein is sold or transferred y (put i- Rbeneficiat >interest is Borrower is-sold or transferred and Borrower b bus a normal person) without I 1 prior written cvnseat. = <- Ltadertaay; at Lander': optim 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 causes to be submitted to Leader information required by Lender to evaluate the intended transfers 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 Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's vnsent to the loan assumption. Lender may also require the transfers to keep all the promises and agreements made In the Note and in this Security Instrument. "if Lauder exercises such option to accelerate, Lender shall marl Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is nailed within which Borrower may pay the sums declared due. If Borrower fads to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower. Invoke any remedks permitted by this Security Instrument." "Notwithstanding a sale or transfer, Borrower wi!) continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. LOAN CHANCES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the _oan exceed permitted limits, then: (1) any such toan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already co': ected 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 Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WHEREOF, Borrower has executed this Adjustable Rate Rider. __jl CZ" � G % ✓f (Seal) Dale G. Clark BORROWER (Seal) 7 BORROWER JOarl%J. Clark (Seal) BORROWER (SIGN ORIGINAL ONLY)