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<br />'200804681
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<br />However, this option shell not be exerci$ed by Lehder if sUch exercise is prohibited'
<br />by Applicable Law. . . .
<br />If Lenderexercis~s this option, Lender shall give ,Borrower 'notice of
<br />acceleration. the notice shall provid,eaperiod Of not le$s than 30 days from the date
<br />the riotice isgiyen ,in accordance 'with Section 15within which,Borrow'er must pay
<br />all ,sums secured.. by' thisSec:;urity. .lristrumeht.lff3orrower, fails to pay ,these 'sums ,
<br />priortothe.. e)(piratipl!,ofjhiSf.n~riod,Lei1de(,rnaY' 'h1Vq~eanY,rernediespermitted,:by , .'
<br />, this~ecurit,y'lnstrum'ent'WithOl,JtfdtthernotiC;Efofd~mahdonB<>t'rower;, ...'.......... ... '.' ....' '....'. . :,'. .
<br />'2. ',\^/h~n :Boirower'Slhitial.'fix~d ,in~ei"est't~techar'1ge~t6anfldjustl:ibJehiteresttat~ullder'
<br />, the terms. .statedin 'Section A.above,..Uhi.f(}rm. Coveriant '.18',.'01 :the: Security ,.Instrument
<br />describedinSectioil B1aboveshall thehcease teibe 'i'!effect, and the provisions of Uniform
<br />. . Covenant 18ofthe$ecurity Instrument,shaHbe:amende(j to read as follows:,'
<br />Trallsfer of the Prollertyora Bi)tiefi~hlI111tttrest In Boirowet, As 'used in this
<br />Section 18, "Interes~ in the'Ptopefty"meansany 'Iegalor beneficiaL interest intM
<br />Property; inCludirig, but not limited 'to; tl1ose, Peneficial iht'eniststransferrM in a
<br />bond for deed,contract for deed,il1stallrherlts~lesC(iritract or escrow agreement,
<br />the intent of which is the t(Bnsfer 6f title by Bortowerata future date, to a
<br />purchaser.
<br />,If all or any part ot the Property or any . Interest in" the Property is sold or
<br />transferred (or if Borrowerisnotah8tural person ~nd a beneficiarillterest in
<br />Borrower is sold or transferred) without Lender's prior writtencoflsenti Lender may
<br />require 'immediate payment in tullof all sums secured by this Security Instrument.
<br />However, this opti.on shall not be exercised bY-Lender if such exercise is prohibited
<br />'by Applicable Law. Lender' also shall 110texercise this option if: (a) l3orroWercauses
<br />to be submitted to Lender information required by Lender to evaluate the intended
<br />transferee as if a new loan were being rTIilde to the transferee; and (b) Lender
<br />reasonably determines that Lender's security will riot be impaired qV the loan
<br />assumption and that the risk of a breach of any 'covenant or agreementin this,
<br />Security Instrument is <:\cceptable to Lender.. ,', . '. . '. . .
<br />To the extent permitted by Applicable Law, l-ender may charge a reasonable fee
<br />as a condition to. Lender's Consent to the, 10Bn assumption. lender al$o may require
<br />the transfereEi to sign an. assumption agreement that is acc,eptable to Lender' and that
<br />obligates the transferee to keep all thepr6misesand agreemEintsmade in the Note
<br />and in this Security Instrument. Borrower will continue to be obligated under the
<br />Note and this Securitylnsttument unless Lender releases Borrower in writing.
<br />If Lender exercises the option to require immediate payment in full, Lender shall
<br />give Borrower notice of acceleration. The notice shall provide a periOd of not less
<br />than 30 days from the date the notice is given in accordance with Section 15 Within
<br />which Borrower must pay all sums secured by this SElouritY Instrument. If Borrower
<br />fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Securitylnstrumemwithout furthernotice.or dernandon
<br />Borrower.
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<br />VMP @.,843R (0405).01
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<br />Page 3 of 4
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<br />0110280606
<br />Initials: ..ll1!!:t. '" . j A., . '.' .
<br />. .' ytfl,;m-3182 1/01
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