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D. UNDIM M SECURM INSTRUMENT; GOVERNI.ING LAW; SEF-6RA UTY <br />Uniform Covenant 15 of the Security Instrument is amended to read as follows: <br />S. UaUoaM <br />and 15 - form a with Go-ift limited o S�NWNy. This form of Security Instrument combines uniform covenants for national use <br />Security Instruuaar be by jurisdiction. to constitute a uniform security instrument covering real property. This <br />governed Federal law MW the Jaw of the jurisdiction in which the Property is located. In the event that any <br />Provision or t:lause of this Secunty Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this <br />Security Imtramem or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security <br />I'»t and the Noce are declared to be severable. <br />F- TRANSFIER OF THE PMKWERTY OR A RENEFICIAL INTFJMST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />17. TraaAa of Noce prepeM. or a gq esdicW IasetnR a Borrower. If all or an <br />for if a beneficial interest in Borrower is sold or transferred and Borrower s no not or an interest therein is sold or transferred <br />Leader may, at Lender's option, declare all the sums secured person) without Lender's prior written consent. <br />Option shalt not be exorcised by this Security Instrument to be immediately due and payable. However, this <br />by Lender if exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower i <br />causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being [Wade the <br />ttaosfisee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption a>� that the risk of the <br />breach of any covenant or agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. <br />Lender may also require the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. <br />"If Leader exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof <br />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 <br />dux' If Borrower fails to pay such sums prior to the expiration of such period, Lender mav, without further notice or demand on Borrower, <br />invoke any remedies permitted by this Security Instrument... <br />- Notwithstanding a sale or transfer, Borrower will continue to he obligated under the Note and this Security Instrument unless Lender has <br />released Borrower in writing." <br />F. LOAN cHANGES <br />If the loan secure] by the Security Instrument is subject to a law which sets maximum loan charges and that Jaw is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Joan exceed permitted limits, then: (1) any such loan <br />charge shall be reduce by the amount necessary to reduce the charge to the Permitted limit; and (2) any sutra already collected from borrower <br />Which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the <br />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 <br />Note. <br />tN Wn NM WHEREOF, B-rewer bas executed this Adjustable Rue Rider. <br />earl Jamie BORROWER (seal <br />al) <br />to J. jamisur. BORROWER (Seal) <br />BORROWER — (Seal) <br />(SIGN ORIGINAL ONLY) <br />M <br />yr <br />Cc <br />rti <br />Cy <br />z <br />M <br />