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D. UNIFORM SECURITY INSTRUMENT, GOVERNING LAW; SEVERABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: 15- 111110011111 Sse8ft hwb-m4 Gov"111118 law; Sarwabift. This form of Security Instrument comb-nes uniform covenants for national use and mm-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. 'Ills Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the avow that any provision of clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrumew 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. L TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Trwalor of the Property or a Berseficial Interest In Borrower. If all or any part of the Property or an interest therein is sold or trandeffed (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Leada nay, at Lender's option, declare 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. If Leader exerdscs 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 ay the sums declared due. if Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remeriks permitted by paragraph IS hereof. Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Leader has released Borrower in writing, F. LOAN CHARGES If the loan sowed by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so 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 charge shall be reduced by On 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 makiag 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 has executed this Adjustable Rate Rider. p Ste) Mi, eel S. Gray BOR 0 Rr Alice M. Gray BORROWF� BORROWER (Sad) (SIGN ORIGINAL ONLY) Lr? t7� 3 rr c- r-1 OP �jz r-0 3 (0) N