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200512465 this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in Section 4(0) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the mont hly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my mont hly payment. (D) Umits on Interest Rete Changes The interest rate I am required to pay at the first Change Date will not be greater than 11.025 % or less than 9.525 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than One And One-half percentage points ( 1. 500 %) from the rate of interest I have been paying for the preceding 6 mont hs. My int erest rate will ne ver be greater than 16.525 %. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. I wi II pay the amount of my new mont hly payment beginning on the first mont hly payment date after the Change Date until the amount of my mont hly payment changes again. (F) Notice of Chmges the Note Holder wll I deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required by law to be given to me and also the title and telephone number of a person who will a nswer any question I may have regarding the notice. B. TRANSFER a= THE PROPERTY OR A BENEFl:IAL INTEREST N BORRONER Uniform Covenant 18 of the Security Instrument is 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 interest in the Property, including, but not limit ed to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of whic h is the transfer of title by Borrower at a future date to a purchaser. If all or any' part of the Property or any Interest in the Property is sold or transferred (or If Borrowe r is not a natural person and a beneficial interest in Borrower is sold or transferred) wit hout Lender's prior written consent, Lender may require immediate payment in full 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 option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security wi II not be impaired by the loan assumpt ion and 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 transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. 1005125447 .-838R (0402) $ Page 2 of 3 Initials:~ , \JY Fonn 3138 1/01