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D. UNIFORM SECLMM iNSTRUME47: GOVERNING I AW; SEVERAMILITI• Uniform Covenant 15 of the Security Instrument is amended to read as follows: 1S. Uniform >x4' instrument: Goveraiait law; Seto bNkv. This form of Security instrument combines uniform covenants for national use and aon- unifaat covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shaft be governed by Federal law and the law of the jurisdiction in which the Property is located. in the event that any provision or clause of this Security 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 this end the provisions of this Security Instrument and the Note are declared to be severable. E TfgtkltlSF= OF THE PROPEKff OR A BENEFICIAL 1NTERFST IN BORROWER Uniform Covenant 17 of the Security Insttumem is amended to read as follows: 17. Ttau*w of she Property or a Meaeflcial interest is Borrowtx. If all or any parr of the Property or an interest therein is sold or transferred lot if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prier written consent. Lander may, at Lender's option, declare all the sums secured by this Security Instrument to be immediately due and payable. However, this option snail not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the exercise of this option i f: (a) Borrower puns 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) Lender reasonably determines that lender's security will not he impaired by the loan assumption and that the risk of the breach of any covenant or agreement in this Security Instrument is ac eptable to Lender. To the event permitted by applicabic 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 10 hereof. Such notice &ball 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 to the expiration of such period. Lender tray, 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 .'vote 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 titan the interest or other loan charges collected or to be collected in connection with the !oar, exceed permitted limits, then: (1) any such loan charge shall he reduced by the amount necessary to reduce the charge to the permitted limit; and (2) arty sums already collected from borrower which extxeded permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Vote or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a partial prepayment under the 'date. IN WITNESS WHERME. Borrower has executed this Adjustable Rate Rider. GREGORY M. CEY BORROWER _... -_ -_ - - - _- - - ..--- -- --------- . - - - --- —___.. iSea!) BORROWER (Seal) BORROWER (SIGN ORIGINAL ONLY) UN __j r -- 1. UN __j