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<br />200704437 <br /> <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Covenant 18 of the Security Instrument is amended to read as follows: <br /> <br />(A) Until Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated <br />in Section A above, Covenant 18 of the Security Instrument provides as follows: <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer oftitle by Borrower at a future date to a purchaser. If <br />all or any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br /> <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br /> <br />(B) When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated <br />in Section A above, Covenant 18 of the Security Instrument shall then instead provide as follows: <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest <br />in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or <br />any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information <br />required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; <br />and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption <br />and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to <br />Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition to <br />Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption <br />agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and <br />agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated under <br />the Note and this Security Instrument unless Lender re\cast:s Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice <br />of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given <br />in accordance with Section 15 within which Borrower must pay all sums secured by this Security <br />Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke <br />any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br /> <br />Multistate Fixed/Adjustable Rate Balloon Rider. L1bor <br /> <br />4140791 (0702) <br /> <br />Page 3 of4 <br /> <br />07302190156 <br /> <br />/\! <br />