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<br />200511455 <br /> <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br /> <br />Section 18 of the Security Instrument is amended to read as follows: <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in <br />this Section 18, "Interest in the Property" means any legal or beneficial <br />interest in the Property, including, but not limited to, those beneficial interests <br />transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer of title by Borrower at a <br />future date to a purchaser. <br /> <br />If all or any part of the Property or any Interest in the Property is sold or <br />transferred (or if Borrower is not a natural person and a beneficial interest in <br />Borrower is sold or transferred) without lender's prior written consent, lender <br />may require immediate payment in full of all sums secured by this Security <br />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 <br />option if: (a) Borrower causes to be submitted to lender information required <br />by lender to evaluate the intended transferee as if a new loan were being <br />made to the transferee; and (b) lender reasonably determines that Lender's <br />security will not be impaired by the loan assumption and that the risk of a <br />breach of any covenant or agreement in this Security Instrument is acceptable <br />to Lender. <br /> <br />To the extent permitted by Applicable Law, Lender may charge a <br />reasonable fee as a condition to Lender's consent to the loan assumption. <br />Lender may also require the transferee to sign an assumption agreement that <br />is acceptable to Lender and that obligates the transferee to keep all the <br />promises and agreements made in the Note and in this Security Instrument. <br />Borrower will continue to be obligated under the Note and this Security <br />Instrument unless Lender releases Borrower in writing. <br /> <br />If Lender exercises the option to require immediate payment in full, Lender <br />shall give Borrower notice of acceleration. The notice shall provide a period of <br />not less than 30 days from the date the notice is given in accordance with <br />Section 1 5 within which Borrower must pay all sums secured by this Security <br />Instrument. If Borrower fails to pay these sums prior to the expiration of this <br />period, Lender may invoke any remedies permitted by this Security Instrument <br />without further notice or demand on Borrower. <br /> <br />0110244145 <br /> <br />.-821R (0402) <br />@ <br /> <br />Initials:f?~ fY1 <br /> <br />Form 3108 1/01 <br /> <br />Page 3 of 4 <br />