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" 200701416 ~ ,; 0021635891 NI.I 100364800216358912 GOVERNING LAW RIDER THIS GOVERNING LAW RIDER is made this 7TH day of P'BBRUAR"I, 2007 and Is incorporated into and shall be deemed to amend and supplement the Note, Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower," whether there are one or more persons undersigned) to secure Borrower's Note to BAIK OF AMBRICA, . .A., I114'IOlU.L BABKIBG ASSOCIATIOR (the "Lender") of the same date and covering the Property described in the Security Instrument (the "Property"), which is located at: 312 s. l&~ St Donipban, .8 68832 (Property Address] In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that Section 16 of the Security Instrument is deleted and replaced by the following: 16. Governing Law; Severability; Rules of Construction. The Note and this Security Instrument are governed by Federal Law and, to the extent not preempted by Federal Law, by the laws of the jurisdiction in which the Property is located. For purposes of this section, "Federal Law. includes 12 U.S.C. ~85 (which incorporates applicable North Carolina law) and other Applicable Law governing the activities of a national banking association. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender: (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. Page 1 0.2 LA543RDU 0e07 .11> --) ~, , . ..\/ l". T )