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<br />D, UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY <br />Uniform Covenant 15 of the Security Instrument is amended to read as (OUOWR: <br /> <br />15. UaJform MCar1I,IIllIJUIDfDt; GonnllaILa,,; SnmbWI,. This form of Security Instrument combines uniform cuvenants for naUonal UIe <br />and non.uniform covenants with limited variations by jurisdiction 10 conslltute D uniform sc<:urlty Instrument coverloR real property. This <br />Security Instrument shall be Bovcmed by Federal law and the law of the jurisdiction in which the Propeny Is located. In the event that any <br />provision or cl.tusc of this Securily InsllUmcnt or the Note coomets with applicable law, such conmct shall not affect other provisions of this <br />Securlly Instrument or the Note which can be givrm effect without the connlcllng provision, and to this end Ihe provlalons of this Security <br />Instrument and Ole Note are declared to be scverable. <br /> <br />'I,. <br /> <br />Eo TRANSFER OF THE PROI'ERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Unifonn Covenant 17 of the Security Instrument 15 amended to read as follows: <br /> <br />17. Traader of the Property or . lleaenct.llaterat la BOf'l'OWer. IraIl or any part of the Property or an interest therein is sold or transferred <br />(or if a beneficial interest In Borrower i~ sold or transferred and Borrnwer 15 not a natural person) without Lender's prior written consent, <br />L~nder may, at Lender's option, declare all the sums secured by this Security Instrument to be immediately due &lid payable. However, this <br />option shall not be acrci5cd by Lender if cxercisc 15 not authorized by Federal law. Lender may waive tbe 9erclse of thh. option If: (a) Borrower <br />causes to be submitted to Lender information required by lender 10 eVt1luate the intended transferet: as If a new loan were being made to the <br />transferee; and !b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption IlOd that the risk of the <br />breach of any covenant or agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. <br />Lender may also require the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. <br />"If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. <br />Such notice shall provide 8 period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared <br />due. [f Borrower fails to pay such sums prior 10 the c~piration of such period, Lender may. without further notice or demand on Borrower, <br />invoke any remedies permitted by this Seturity Instrument." <br />"Notwithstanding 8 sale or transfer, Borrower will conlinue to be obligated under the Note and this Security Instrument unless Lender has <br />released Borrower in writing." <br /> <br />F. WAN CHANGES <br />[f the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan <br />charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower <br />which exceeded permitted limits win be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the <br />Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment under the <br />Note. <br /> <br />IN WITNESS WHEREOF, Borrower.... <ucuted lhIs AdJust.ble Bote Rider, <br /> <br />,., C. "..""~ <br /> <br />_ +\e ~MP-e <br /> <br />(Seal) <br /> <br />~~,D <br /> <br />Ju e D. 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