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D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABII.lTV Uniform Covenant IS of the Security losuument is amended 10 read as Collows: IS. Unllann RC'UrlCy IllIlrumeat; GovernlnR La,,; Stnrabillly. This form of Security Instrument combines uniform covenonts for natlonlll use nod non.unlform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shall be governed by Federal taw Bnd the Jaw of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conOicts with applicable law, such conflict shall not affect other provisions of Ihls Security Instrument or the Note which can be given effect without the conflicting provision, and to this cnd the provisions of this Security Instrument Bnd the Note Bredcclared to be severable. Eo TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument Is amended to read as follows: 17. Transrer or tbe Property or II Beneficial In.erest in Borrower. If all Dr 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 not a natural person) without Lender's prior written consent, Lender may. at lender's option, declare all the sums secured by this Security Instrumem to be immediately due and payable. However, thi~ option shall not bccx.ercised by Lender if exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower cawes to be submiUed 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'!, securily will not be impaired by the loan assumption and that the risk of the 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 may also require the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. "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 dale the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period, lender may, without further notice or demand on Borrower. iO\'oke any remedies permitted by this Security Instrument." "NOlwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and Ihis Security Instrument 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 thai the interest or other loan eharges collected or 10 be collected in connection with the loan exceed permitted 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 permitted limits will be refunded 10 Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dircc( payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment under the Note. IN WITNESS WHEREOF. Borrower hu eucutrd thl'i Adjustable RIte RJder. J.? J.- r--i'!JJtr- Stephen R. Beltzer,B~~:~~f:d (Seal) (Seal) BORROWER (Seal) BORROWER ISIGN ORIGINAL ONL YI . 0:> (":I (1)_';::;:::::1 0:> g~~~oo - ... = ~~~i ::> = iD "" i "'1z ...... -a ;: fT1:.J 0 ~ = :=~ .r: 0 r CJ> ..... ~ '" :- )>- CD CJ'1 3 10 \ 0:> CJ> CD ID : '" 2 Z i " ~ \J