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200305179 B490102 <br />RYAN <br />Transfer of the Property or a Benefidal Interest in Borrower. As used in this Section <br />18, "Interest in the Property" means any legal a beneficial interest in the Property. including, but <br />not limited to, those beneficial imerests transferred m a bond for deed, contract for deed, <br />installment sales contract or escrow agreement, the intent of which is the transfer of title by <br />Borrower at a future date to a purchaser. <br />If all or any pmt of the Property or any Interest in the Property is sold or transferred (or if <br />Borrower is not a nannal person and a beneficial interest in Borrower is sold or transferred) <br />without Lender's prior written consent, Lender may require immediate payment m full of all sums <br />secured by this Security Instrument However, this option shall not be exercised by Lender if such <br />exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) <br />Borrower causes to be submitted to Lender information required by Lender to evaluate the <br />intended transferee as if a new loan were being made to the transferee: and (b) Lender reasonably <br />determines that Lender's security will not be impaired by the loan assumption and that the risk of <br />a breach of any covenant or agreement m this Security Instrument H acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a <br />condition to Lender's consent to the loan assumption. Lender also may require the transferee to <br />sign an assumption agreement that is acceptable to lender and that obligates the transferee to keep <br />all the promises and agreements made in the Note and in this Security Instrument Borrower will <br />continue to be obligated tinder the Note and this Security Instrument unless Lender releases <br />Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall give <br />Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from <br />the date the notice is given in accordance with Section 15 within which Borrower most pay all <br />sums secured by this Security Instrument. If Borrower fails to pay these stuns prior to the <br />expiration of this period, Lender may invoke any remedies permitted by this Security Instrument <br />without further notice or demand on Borrower. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this <br />Fixed/Adjustable Rate Rider. <br />Q.. ✓. ....... ............................... (Seal) <br />6E,6 � - Baroww <br />........................... I.......................................... (Seal) <br />-Bawer <br />....................................... ............................... (Seal) <br />-Ra.. <br />....................................... ............................... (Seal) <br />- Rawer <br />KL <br />241505 (10 /e1) [15053 F—Ii FO..1, Mee 11e1brm leetremeM <br />.—M87 emr Page 3 of3 <br />