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MAR -14 -2003 FRI 01:52 PM WELLS FARGO HOME MTG FAX NO. 4025362983 200303116 Transfer or the Property or a Beneficial Ime,mt in Borrower. As used in this Section 18, "Interest 11 the Property" 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 saes contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future dale to a purchaser. If all or r ny pan of the Property or any Interest in the Property is sold or transferred (or if Borrower is nn a natural person and a beneficial interest in Borrower l sold an [erred or i without Lender's prior written consent, Lender may require immediate payment in frill of all sums secured t y this Security instrument However, this option shall not be exercised by Lender if such mereits- is prohibited by Applicable Law. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date [he notice is given in accordance wltl Section 15 within which Borrower must pay al sums secured by Ellis urity Inemmem. If Borrower falls m pay [hest sums prior to the expiration of this period Lender may invoke am, remedies pennitted by this Security Instrument without further notice or demand on Borrower. 2. When Borrower's initial fixed interest rare changes to an adjustable Interest rate under, the [emu stated in Section A above, Uniform Covenant IN of the Security Instrument described in Section BI above shall then cease m bt. in effect, and the provisions of Uniform Covenant 18 of the Security Instrument shall be amended to read i a follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the property" means any legal or beneficial interest in me Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales convect or escrow agreement. the intent of which is die transfer of title by Borrower at a fi aura date to a purchaser. If all or any pan of the Properly or any Interest in the Propperty is sold or transferred (or if Borrower is W a natural person and a beneficial interest in Borrower is sold or transferred) without Lender s prior written eoment. Lender may require immediate payment in fail 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 opden if: (a) Borrower raises to be submitted to Lender information required by lender to evaluate the intended aamferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be in aired by the loan assttmp[lon and that the risk of a breach of any covenant or agreement in this Securfty 1nsmmknt is acceptable [o Lender. yy To condition to Len jer P consent t to thellam assumption.. Leader my require alai fern to sign an assumpron agreement that is acceptable to Lender and the obligates the transferee to keep all the promises and agreements made in me Note and in this Security Instrument, Borrower wi6 cxitinue 10 be Obligated under the Note and this Security hstrurtiern unless Lender releases f brrower in writing. If Lender exercises the option 10 require immediate payment in full, Lender shall give Borrower notice of accelerarion. The notice shall provide a period of not less than 30 days from the date the write is given in accordance with Section 15 within which Bnnnwer must pay all CM-U4311 (O Initials:_ Page 3 e/ 4 form 3182 rent P. 27