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99 111433 The Note Holder will then deterxnine the amount of the monthly payrnent that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in substantially equal payrnents. The result of this calculation will be the new amount of my monthly payment. (D)Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 10.Q00 % or less than 6.000 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage points(2.0%) from the rate of interest I have been paying for the preceding twelve months. My interest rate will never be greater than 13.000 %. MY WfEREST RATE In�LL (E)Effective Date of Changes NEVER BE Lf�nIER 1NAN 6.00CP/o. My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. ��Notice of Changes he Note Holder v�n'll deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payrnent before the effective date of any change. The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I may have regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it 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 may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option sha11 not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if• (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee 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 a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may chazge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep a11 the promises and agreements made in the Note and in tlus Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate paym ent in full, Lender sha11 give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pernutted by this Security Instrument without further notice or demand on Bonower. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate Rider. �2.�� -��,� (Sea1) BRADLEY L WITTER � -sorrower � �� Q�-C ��-� (Seal) CATHERINE M FERGUSON -Borrower (Sea1) -Bonower (Seal) -Bomower �•8Y2B (91081.03 Peee 2 of 2 Form 3111 3185 m