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, II. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uniform Co\'cnllnt 15 of the Security Instrument Is o.mended (0 read as rollows: J5. Ulllform Rt'IIrfb' lastrumeal: Gonmlal La...; Senrablllt,. This fonn of Security Instrument eomblnes uniform covenants for nationnl use and non-uniform cowmants with limited variations by jurisdlcllon to consdtute B uniform security instrument covering real property. This Sccurlly Instrument shan be governed by Fec1c:rnllaw Bnd the Ia,w of the jurisdiction in which the Property is located. In the event that any pro\'ision or clause: of this Security Instrument or the Note conniels with applicable law, such conflict shall nol aCfect other provisions of this Security InslrUmenl or the Note: which can be given effect without the conflicting prOVision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. Eo TRANSFEII 0.. THE PROPERTV OR A BENEFICIAL INTEREST IN BORROWER Unifonn Covenant t 7 of the Security Jru;trumen \ IS amended to reud as follows: 17. Tran.drr 01 the ProperCy or a Benendal [nleml In Borrower. If all or any part of the Properly or an interest I.herein is sold or transferred (or if B ~neficial 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 sum!. secured by this Security Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if exercise i!. not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower causes to be: submitted to Lender infonnntion required by Lender to evaluate the intended transCer~ as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the ri5k 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 lnlDsferee 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 Cram the date 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 Curther notice or demand on Borrower, invoke any remedies permitted by this Security Instrument." "Notwithstanding a sale or trlUl'ifer, Borrower will continue 10 be obligaled under the Note and this Security Instrument unless Lender has released Borrower in writing." F. WAN CHANGES If the loan secured by the Security Instrument is subject to a Jaw which sets maximum loan charges, and that law is finally intelpreted so that the interest or other loan charges collected or to be collected in connection wil.h the loan exceed permiued limits, then: (I) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permiued Jimit; and (2) any sums already collected from borrower .....hich exceeded pennined limits will be refunded to BorrowC!r. Lender may choose to make this refund by reducing the principal owed under I.he Note or by making a direct payment 10 Borrower. If a reCund reduces principal, the reduction will be treated as a partial prepayment under the NOle. IN WITNESS WHEREOF. Borrowrr tau ItUCUled this Adjustable Ratr Rider. ,/ ~ '-/y-;/ ::;P;~ <<.//L/....--/ BOR R ~ -~~ . (\ 0 "A~ ~ 'V{l-1..(..).....{" ~ ~'(Seal) BORROWER (Seal) ~JV~ .... c;.; ::J ~'f C)C1> ii = g If;! ~ 00 ! = ....., ...... l1J Go> (X) ....... ~ii~ I ~ I'V C' ~f U1 ~I~~~ g p :Do c " en 0 ::r 0 ... "" .... 2 ~ U> ~E:'Z ~ z L . = 0 S <.n C1> 0 C1> )i .!l l\J "" \',