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.' , . <br /> :::. gg_ sos42s <br /> 2. WHEN BORROWER'S INITIAL FIXED INTEREST RATE CHANGES TO AN ADJUSTABLE <br /> INTEREST RATE UNDER THE TERMS STATED IN SECTION A ABOVE,iJNIFORM COVENANT 17 OF <br /> THE SECURITY INSTRUMENT DESCRIBED IN SECTION Bl ABOVE SHALL THEN CEASE TO BE IN <br /> EFFECT, AND THE PROVISIONS OF UMFORM COVENANT 17 OF THE SECURITY INSTRUMENT <br /> SHALL BE AMENDED TO READ AS FOLLOWS: <br /> Transferof the Property or a Beneficial Interest in Borrower.If all or any part or any interest in it is <br /> sold or transfened (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a <br /> natural person) without Lender's prior written consent, Lender may, at its option, require immediate <br /> payment in full of all sums secured by the Security Instrument.However,this option shall not be exercised by <br /> Lender if exercise is prohibited by federal law as of the date of the Security Instrument. Lender also shall <br /> not exercise the option if: (a)Borrower causes to be submitted to Lender information required by Lender to <br /> evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender <br /> reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a <br /> breach of any covenant or agreement in the Security Instrument is acceptable to Lender. <br /> To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to <br /> Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption <br /> agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and <br /> agreements made in the Note and in the Security Instrument. Bonower will continue to be obligated under <br /> the Note and the Security Instrument unless Lender releases Borrower in writing. <br /> If Lender exercises the option to require immediate payment in full, Lender shall give Borrower <br /> notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is <br /> delivered or mailed within which Borrower must pay all sums secured by the Security Instrument. If <br /> Bonower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies <br /> permitted by the Security Instrument without further notice or demand on Borrower. <br /> [THIS SPACE INTENTIONALLY LEFT BLANK] <br /> (page 3 of 4 pages) <br /> �;� : , � <br /> , `.,� .� <br />