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given by first class mail to Lender's address stated herein or to such other address as lender may designate by not:ice .to BoITClloe." as provided herein. Any rot:ice provided for in this Security Insl:1uDent shall be deemed to have been given to IlorI'Ol.Jer or lender when given in the manner designated herein. D. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY Urlf01'lll Covenant 15 of the Security Instrument is aueoded to read as follOliB: 15. tllIFm1 IEED.<F 'mIBI'; <D~ lAW; SEVERABILTIY. This fOllll of Security Insl:1uDent cClllb1.n!s lll"i.fOllll COYelIIl1ts for national lI!Ie and rar-mifollll CO'IEDaIlts with limited variations by jurisdiction to constitute a u:rl.fonn security instrument ~ real property. This Security Insl:1uDent shall be governed by federal law and the law of the jurisdiction in \t!",d~ the Property is located. In the event that any provision or clause of this Security Instrument or tIe N:lte COIlfl.kts with applicable law, such conflict shall rot affect other provisions of this Security Instrunent or the Note ~ can. be given effect witb:lut de conflic~ prcw:ision, and to this em the proIilsions of the Security InsttuDent and the N:lte are declared to be severah1e. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER lkrlfOl1ll Calre'lB[\t 17 of the Securi ty Instrunent is aJIE!Dled to read as follow;;: 17. 'IlWiSFER (F mE PRDFERlY CR A BENEFICIAL INIERFSl' IN BCRR~. If all or any part of the Property or: an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and BorI'Ol.Jer is rot a natural person) witlDut Lender's prior written consent, LerderDBY, at Lender's option, declare all the SlIIlS secured by this Security Instnment to be 1Dmed:Iately due and payable. 1tlweYer, this option shall rot be exercised by Lender if exercise is rot autrorlzed by Federal law. If Lender exercises such option to accelerate, Lender shall mail IlorIlJieI' rotice of acceleration in accordaree with paragraph 14 hereof. Slrll rotice shall provide a period of rot less than 30 days iran the date the notice is mailed within ~ Borrower may pay the SlIIlS declared due. If IlorIlJieI' falls to pay su::h SlllB prior to the expiration of such period, Lender !IBY, without further not:ice or demand 00 IlorIlJieI', :I.nvoke any remedies permitted by paragraph 18 rereof." F. COVENANT DELETED t..bifunn CbIIenant 21 of the Security Instrunent ('"FUture Advances") is deleted. G. WAN CHARGES If the loon secured by the Security Instrunent is subject to a law lltrlch sets max:ilJun loon charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in CQ1IECt1Ol1 with the loon exceed permitted limits, then: (1) any such loan charge shall be reduced by the lIlIllmI: necessary to reduce the charge to the pellllitted limit; and (2) any SlIIlS already collected iran Borrower Iotd.ch exceeded permitted limits will be refulded to BorIlJieI'. Lender may cb:lose to make this refuoj by ~ the pdn:ipal owed ucder the N:lte or by making a direct IB)'IlI!Dt to Borrower. If a refmd reduces principal, the reduction will be treated as a putial prepayment ucder the N:lte. H. LEGISLATION If, after the date hereof, enactment or expiration of applicable laws have the effect either of ~ the provisions of the Note, the Security Instrument or this Adjustable Rate lUder (other tbm this psragrapb G) \.DelIforcesble according to their tenns, or all or any part of the S\JIlS secured hereby mcoilectable, as otherwise provided in the Security Instrument and this Adjustable Rate Rider, or of diminishing the value of lender's security, then Lender, at Lender's option, may declare all S\JIL!l secured by the Security Inst:runent to be :lDmfdiately due and payable. IN wnmss WlERECt', Borrower has ~ed this Adjustable Rate Rider. -.."\ p / ) 1. 7,_, . .,. /(.' ~ -""'Y ~~.... _,:...~'--t' ---j ,-L""'.::L-G.:::z."." JjK'oUle J, Watso,( (Seal) -Borrower :- )0 OJ ~ ;0 )0 o -l :JaD. L'. waUOD :' / (Seal) -Bortllloler (Seal) -Borrower (Sign Clriginal Wy) -; ," .. - t:., .~) ..... . ::r:- 't"i" = = ~;;r 0::> ~ ,:.\ :r::>> '-"'1 ': "\ t'f'l I' " ::::r .,,) 't r" " c. ...... -.J ':> {n. ,:: OOr ,;;: W~ '::;1 ~ ~ ~ pt ;t(~h~~r ._::d tll' ~ c:o::o- ~ <11, t'n