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s t D• Ult SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITV Uniform, Covetuint 15 of the Security Instrument is amended to read as follows: 1s. utKore secoYruy t; fsOV*ra6K La*; qty. This form of Security instrument combines uniform covenants for national use and non - uniform covenants with limited variations by Jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shall be governed by Feral law and the law of the jurisdiction in which the Property is located. In the event that any Provision or clause of this Sec+!rity instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision, and to end the provisions of this Security E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Trtam(er of the Property or a Besefkhi Inert is Borrower. If all or an p of the (or if a beneficial interest in Borrower is sold or transferred and Borrower s not t a natural Property or an interest therein is sold or transferred Lender may, at Lender's option. declare all the sums secured by this Security Instrument to be immediately tduenaaneds prior written consent, option shall not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the exe cie of this option if: (a) Bono eir causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Linder reasonably determines that Lender's security breach of any covenant or t will -lot L n impaired by the loa:. as,utngtiott and that he risk of the 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 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 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 due. If Borrower fails to pay such sums prior to the expiration of such pay the sums declared 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." F. LOAN CHANGES If the loan secured 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 charge shall be reduced by the amount necessary to reduce the charge to the permitted limits, then: (1) any such loan which exceeded permitted limits will be refunded to Borrower. Lender may choose make tthis nrefun by reducing he principal owed under he 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 has exteuted this Adjustable Rate Rider. a Rict rd L. S' be BORROWE (Seal) U) n Kathryn i yn K. 'bbel BORROWER -�`-' __ (Seal) 4 w BORROWER __. (Seal) (SIGN ORIGINAL ONLY) b CQ C-) G^ s tai �' 0