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0. IINIFORM SECURITY INSTRtlMENT; GOVERNING LAW; SEVF.RABII.lTV Uniform Co\'enant 15 ofthe Security Instrument Is amended to rend as follows: IS. V.font IK'IIrtly lain_I; Gonndaa La...~ SnrnbUUy. This form of Security Instrument combines uniform covenants for national use nnd non-unUorm covenants with Itmi1et1 variatioIU by jurisdiction to constitute a uniform security Instrument covering relll property. This Security Instrument shall be- governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that Bny provision Dr clause of this Security Instrument ('IT the- Note conOids with appllcable law, such conniel shall nol arrett other provisions of this Security Instrument or the Note which can be given effect whhoUl the connictlng provision. nod to Ihis cnd the provisions of Ihis Securily Instrument and the Note are declared 10 be severable. Eo TRANSFER OF THE PROPERTV OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant J7 of the Security Instrument is amended to read as Collows: 17. -rn-Ier or die ProptrfJ or _ Bmcndallntrrat In Borrower. [f all or any pan of the Property or an interest therein is sold or transferred (or if II beneficial interest in Borrower is sold or transferred and Borrower is nol Do natural person) without Lender's prior written consent, Lender may. at Lender's option. declare all the sums secured by Ihis Security Instrument 10 be immediately due and payable. However, this option shall nOI be exercised by Lcnder if exercise is nOlllulhorized by Federnllaw. Lender may waive the exercise of this option If: (a) Borrower CD.US:l:S to be submitted 10 Lender information required by Lender to evaluate the inlcnded transferee as if II new loan were being made Co the transferee: and (b) lender reasonably determines that Lender's security will nol be impaired by the loan assumption and that the risk of the breach of any covenant or 3sreement 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 (0 the loan assumption. lender may also require the: transferI:C to keep all the promises and agreements made in the Nole and in this Security Instrument. "If Lender cltcrcises such option to accelerate, lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice 5ha)) provide a period of not less than 30 day~ from Ihe date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay 5Uch sums prior 10 the expiration of such period, lender may, without furl her notice or demand on Borrower. invoke any remedies permitted by this Security Inslrumenl." "Notwithstanding a sale or transfer. Borrower will continue to be obligated under Ihe Note and this Security Instrument unless Lender has released Borrower in writing. .. F, WAN CHANGES IF the loan secured by the Security Inslrument is subject to a law which sel!t maximum loan charges. and thai low is Onally interpreted so that Ihe interesl or other loan charges conected or 10 be collected in conncttion with Ihe loan e:Jtccro pcrmil1cd limits, Ihen: C I) any such loan charge shall be reduced by the amount necessary 10 reduce the: chargc to the: permitted limit: and (2) any sum!'t already collected from borrower which l:Jlceeded permitted limits will be refunded to Borrower. Lender may choose: 10 make Ihis refund by reducing Ihe: principal owed under the NOle or by making a direct payment to Borrower. H a refund reduce!. principal. Ihe: reduction will be Ireale:d liS a parlinl prepaymcnt under the NOle. IN WITNESS WHEREOF. 8'1HTO,,~r hascuaJlrd Ihlli AdJuslablr Ralt RJdrr. .-1." L'1 j:::; .., - J _, 1.p~.L~ -:tk#-'v Elaine V. Barbee IIORROWER (Seal) 1l0RROWER (Sea\) (Seal) 1l0RROWER (SIGN ORIGINAL ONl Y) ", LTJ => cn ,....2~r:i1 CO ~Ii~ i :: o=U1~'~ 1 :Jtt: OBI Wo R c ;j ,. a ,f' , ~ '" -'" .... p r l \ ,~ L-" z o \.>J i.