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200302252 2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated in Section A above, Uniform Covenant 18 of the Security Instrument described in Section BI above shall then cease to he in effect, and the p... iuouns of Un knin C,htvcnant 18 of the Secmily luammenl shall be amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Properly" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Leader may require immediate payment in full of all sums secured by this Security Instrument. however, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option it': (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 tender'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 In Lcndcr. To the extent permitted by Applicable Law, Lender may charge a reasonable tee as a condition to tender's consent to the loan assumption. Lender also may require the transferee in sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lcndcr releases Borrower in writing. If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shall provide a puriod of of hss than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies terminal al by this Security Instrument without further notice or demand on Borrower. MULTISTATE FIXED /ADJUSTABLE RATE RIDER OocMagic 'ca;a, eoo Ae; lass ONE -YEAR TREASURY INDEX - Single Family www.EOCmagiacom Fanne Mae MODIFIED INSTRUMENT Form 3182 1/01 Papa 3 of 4 fop