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200503222 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 interestin the Property, including, but not limited to, those beneficial interests transferredin 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 Interestin 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, Lendermay requireimmediatepayment in full of all sums s ec uredby this Security InstrumentRowever, this option shall not be exercised by Lenderif such exercise 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 the notice is given in accordancewith 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 permitted by this Security Instrument without further notice or demand on Borrower. 2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated in Section above, Uniform Covenant 18 of the Security Instrumentdescribedin Section B1 above shall then cease to be in effect, and the provisions of Uniform Covenant 18 of the Security Instrumentshall 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 Property" means any legal or beneficial interestin the Property, including, but not limited to, those beneficial interests transferredin 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 Interestin 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, Lendermay requireimmediatepayment in full of all sums securedby this Security InstrumentRowever, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intendedtransfereeas if a new loan were being made to the transferee;and (b) Lenderreasonably determinesthat Lender's security will not be impairedby the loan assumptionand 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 charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender also may require the transfereeto sign an assumptionagreementthat is acceptableto Lender and that obligates the transfereeto keep all the promises and agreementsmade in the Note and in this Security Instrument.Borrower wig continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. I£ Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of acceleration.The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 Within which Borrower must pay all DOC #:332063 APPL #:8012244094 LOAN #:8012244094 Initials: ®�168R (0108) Page 3 0 4 X� ,.. Form 3187 6/01