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D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW, SEVERABILITY Uniform Covenant 15 of the Security Instrument Is amended to read as Collows: ]5. VDlrorm IK1Inty lutrumeal; GonraJar Law: Sennblllt)'. This form of Security Instrument combines uniform covenants for national use and non.unlrorm covenant! with JJmlled variadons by Jurisdiction to constitute a unifonn security instrument covering real property, Thi~ Security Instrument shall be governed by Federal law and the Jaw of the: jurbdictJon in which the Property Is located. In the event that Bny provision or clause of thil Security Instrument or the Note conRlets with applicable law, such conflict shall not aefect other provisions of thIs Security Instrument or the Note which can be siven effCCI without the conrucUng provision, and 10 this end the provlslonll of this Security Instrument and the Note are declared to be severable. Eo TRANSFER OF TIIE PROPERTY OR A BENEFICIAL INTEliiEST IN BORROWER Uniform Covenant 17 oflhe Security lrntrument is amended to read as follows: 17. TnDlfer or die Property or _ BeneDdallalerat In Borrower. If all or any part of the Property or an interest lherdn is sold or transferred (or if B benelicialln[c:fCS1 in Borrower is sold or transferred and Borrower ;:; not a natural pef5on) without Lender's prior written consent. Lender may. at Lender's option, declare alllhe sums secured by this Security Instrument to be immediately d'ue and payable. However, this option shall not be exercised by lender if exercise is not authcrized by Federal law . lender may waive the exercise of this option if: (a) Borrower causes to be submined to Lender information requlrr,d by Lender to evaluate the intended transferee as iF a new loan were being made to the transferee; and (b) under reasonably determines that lendes-'s security 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 CQDSeIlt 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 date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior [0 the expiration of such period. Lender may, without further notice or demand on Borrower. invoke any remedies permitted by 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. It F. LOAN CHANGe! If the loan secured by the Security Jnslrument is subject to a law which sets maximum loan charges, and that Jaw is fmaUy interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (I) any such loan 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 peJmitted 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 refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WHEREOF. Borrower bu ..oculetl this Adj.....b1e Kale Rider. Lynn E'~OR~faw (SeaJ) ~_ .A-~~ Sherrie A. Fan BORROWER (ScaI) BORROWER (SIGN ORIGINAL ONLY) (SeaJ) .,; 0", .... ~)Q ::J <= 0-1 ii <::> c: '"' CO i - -l ..., ==1m 00 " ~ <"> -<0 ;:? t. "~c>c>1 l!: 0"" C;" C:i ~ <:> a~ .,.,,,,, 1i~ 0 'T1 :l::1TI ~ R '" t' ~ "'0 >'" CTJ ~ = r- ::: c: ,. '" .- >- 3 <:> -<=' '" <II '" X a ,.. "" ~ t CD '" Z <D !> I en , '-\I \',. {1 '"