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Q, UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uniform Covenant 15 of the Scalrit)' Instrument Is IUllcndcd to read os follows: 15. Uniform RCIInty I...rumentl Guynnl Law; Snenblllt,. This form of Security Instrument combines uniform covenants for national use and non-uutrann covenantl with limited variations by jurisdiction 10 con.nltute a uniform securhy Instrument covering real property. This Security Instrument shall be governed by Federal Jaw and the law Df the jurisdiction in which the Property Is located. In the event that anv provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not afCect other provisions of l.hJs I,. Security Instrument,or,the Note which can be given effect without the confllcUng provision, and to this end the provisions of this Security Instrument and the Note arc declared to ~ severable. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covt!nantl7 of Ihe Security.lnstrument is amended 10 read as follows: 17. Transfer a. die Property or _ Beuftdallalernt In Borrower. If all or any part oflhe Property or an interest therein l5 sold or transferred (or if BI beneficial interest in BOlTf\wer is sold or transferred and Borrower is not a natural person) without Lender's prior writlen consent, Lender may, at Lender's option, declate all the sums secured by this Security Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if exercise is not authorized by Federal law . Lender may waive the exercise of this aptian if: (8) Borrower causes to be submitted to lender information required by Lender to evaluale the intended transferee as if a new loan were being made to 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 agreement in this Security Instrument is licccptable to Lender, To the extent penniUed 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 mall Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 3D days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails 10 pay such sums prior to the expirJ.tion of such period, Lender may, without funher notice or demand on Borrower. invoke any remedies pennitted bl' this Security Instrument." "Notwithstanding a sale or transfer. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. LOAN CHANGFS If the loan secured by the Security Instrument is subject 10 a law which sets maximum loan charges, and that law is fmalIy interpreted so thai the interest or other loan charges collected or to be collected in connection w:th the loan exceed permitted limits, then: (1) any such loar. charge shall be reduced by the amount necessary to reduce the charge to the permitted. limit: and (2) any sums already collected from borrower which exceeded permitted limits will 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 Borrower. If a rcrund reduces principal, the reduction will be trealed as a partial prepayment under the Note, IN WITNESS WHEREOF. Borrower bas neeDled tbis Adjustable Hale Rider. t~f ~~~l ~~~t' ~~~~~ ~~ ~-1' ~ '\ J)/~ P UllIlQrlAII'_ Duane P. Versaw BORROWER 7r~~ ~J) BORROWER Myr ~ Versaw (Seal) (Seal) BORROWER (SIGN ORIGINAL ONLY) (Seal) ~~ a ., j t~ ~r ~ 0:1 "'" l::> "., ~ .... :I m i "'" C'> en ~~i'"'ca .::; <Tg .. CO -<qs ;1 ~ ;nkEj ~I-" ..... - -- ..... Z ~ ..... p -" ::: N = ......