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<br />200511685 <br /> <br />0148862402 <br /> <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) Borrower <br />causes to be submitted to Lender information required by Lender to evaluate the intended transferee as <br />if a new loan were being made to the transferee; and (b) Lender reasonably determines that l.emler's <br />security will not be impaired by the loan assumption and that the risk of a breach of any covenant or <br />agreement in this Security Instrument is acceptable to Lender. <br /> <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition to <br />Lender's consent to the loan assumption. Lender may also require the transferee to Sigll an assumption <br />agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and <br />agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated <br />under the Note and this Security Instrument unless Lender releases Borrower in writing. <br /> <br />If I.ender exercises the option to require immediate payment in full, Lender shall give Borrower notice <br />of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is <br />given in accordance with Section 15 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 period, Lender may <br />invoke any remedies permitted by this Security Instrument without further notice or demand on <br />Borrower. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this <br />Adjustable Rate Rider. <br /> <br />~~,~ <br />4~~-- <br /> <br />(Seal) <br />-Borrower <br /> <br />(Seal) <br />-Borrower <br /> <br />MULTISTATE ADJUSTABLE RATE RIDER 6-Month LIBOR Index (Assumable during Life of Loan) <br />(First Business Day Lookback. Single Family - Freddie Mac UNIFORM INSTRUMENT <br /> <br />Form 5120 3/04 EC108L Rev. 09/14/04 <br />