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I D, UNIFORM SECURITY INSTRUMENT: GOVERNING LAW: SEVERABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: 88- 101546 15. Uniform security Imtrument; Governing Law; Severablllt}', This form of Security Instrument combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, This Security Instrument shall be governed by Pederallaw and the law of the jurisdiction in which the Property is located, 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 witLout the conOicting provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. E, TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17, Tl'1imler of tbe Property or a Beneficial Inlerestln Borrower. If all or any part of the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is nOl a natural person) without lender's prior written consent, Lender may, at lender's option, declare all the SUln< secured by this Security Instrument to be immediately due and payable, However, this optio'l shall not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower causes 10 be submitted to Lender information required by Lender to evaluate the intendl'd transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines Ihat Lender's security will not be impaired by the loan assumption and that the risk of the breach of any covenant or agreement in this Security Instrumem is acceptable to Lender. To the extent permilled by applicable law, lender may charge a reasonable fee as a condition to lender's consent to the loan assumption. Lender may also require the tmnsferee to keep all the promises and agreements made in the Note and in this Security Imtrument. "If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior 10 the expiration of such period, lender may. without further notice or demand on Borrower, invoke any remedies permilled by this Security Instrumem." "Notwithstanding a sale or transfer, Borrower will cominue to be obligated under the NOle and this Security Instrumem unless Lender has released Borrower in writing," f'. LOAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the imerest or other loan charges collected or 10 be collected in connection with [he loan exceed permitled limits, then: (I) any such loan charge shall be reduced by the amount necessary 10 reduce the charge to the permitted limit; and (2) any sums already collected from borrower which exceeded permilled limits ",ill be refunded to Borrower, Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borro.....er. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WlTNFSS WHEREOF, Borrower bhS executed this Adjustable Rate Rider, (Seal) BORROWER (SIGN ORIGINAL ONl n \. \,. '\