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<br />given by f:lr!lt elass mall to Lenier's address lItatei ben1n. or to such other address asI.ender may <br />deaf.gnate by notk:e to 1lomlWl!!:' lIS prov1ded heo:efn. Ar:y lIDtU:e provided for in th1s S8curity <br />~ shall be deemed to lBve been gi'\l8l to ~ or I.ender VIm givm1n tbe_ desf8natec1 <br />herein. <br /> <br />D. UNIFORM DEED OF TRUST: GOVERNING LAW; SEVERABILITY <br /> <br />tb1foza 0Nenant 15 of the Security ~ is -mm. to read as folloIe: <br /> <br />15. lImCJJM IEED (I 'llllSI'; a:J\II!tlNItG lAW; SEVEllABIl.nY. 'lb:I.s fOllll of Secur.U:y JJlst:l:lllleat c:aIIbiDes <br />.m.fom <lDV!!IBlta for J.'llI1:Um&1 tBe and ~ a:MlIllmtawith liIId.ted var1adorwJ.. by jurh.BM'iOo\:D <br />const1tute a .m.fom lIllCUd.ty 1J:1atNBJt: ~ nlBl~. 'lb:I.s Security. ~....sbaU..be <br />govemed . by fecleral laIor and the laIor of the jurl8d1t-tlooin liW:h. the Property is 1oc:ated. In tIa ~ <br />tbIt any ~ or cl.aua of th1s S8curity Inst:ruIIeat or thelbteClOl1f11cta '!ith IIJlPli...."l.. law. <br />such CD1f.Uct sbaU mt affect other p:ov1sloas of tb:ls Security 1i1strIIB1t or the lbte -idch csbe <br />giVl!ll effect ~ the CD1f.Uctiqr ~, and to th1s en! the prov1aials of the Security <br />~ aod the !bte are declared to be 1Il!\Ieable. <br /> <br />E. TRANSFER OF THE PROPERTY OR A BEh~FICIAL INTEREST IN BORROWER <br /> <br />l1'lifom Covenant 17 of the Security lnsttuJIent is lIIEDIed to read as fol.l.alo8: <br /> <br />17. 1IlANSFllR (F 1llE m>Pl'.RTY <R A BENEFICIAL INIERESI' IN ~. If all or' any part of the Property <br />or an :l.nteI:est there:ln is sold or traDSferred (or if a beoefic1al :I.Dl:en!st in ~ 1a1lClld or <br />tIa1aferred and Ilo-=-r is mt a IIiIttUral persao) without I.mder'"a prior wd.tt81 ~ U!DIermay. <br />at Lender-a optial, declare all the lIUIIIS secured by th1s Security ~ to be ~_ly duellld <br />payable. fbwI!ver, this optial shall mt be emrc:laed by Lender if e:rerc:1se is me: ...,r\'m1 wd by <br />Faio!ral laIor. <br /> <br />If Leader E!lII!!reiEs such optial to ........1_.., Lender shall mall IlontlIiE mt1ce of ~ in <br />"'~ .. L. ,. wl.tb ~ 14 t.reof. !b:h tDtice shall proride a ~ of mt ~ tbm 30 daJa fraa <br />the date the DDtice is .nm within liW:h ~ may pay the SUlII declared due. If IlontlIiEfails <br />to pay such.... pr:lor to the ezpiratjI:ln of such period, I.ender may, without further lIDtU:e or ~ <br />on 1lontlIiE, invdre .:rj t'lIB!ies pem1l:ted by ~ 18 hereof. - <br /> <br />F. COVENANT DELETED <br /> <br />!.h1tom ~ 21 of the Secud.ty IDstmImt ('1'I1ture ~-) is deleted. <br /> <br />G. !DAN CHARGES <br />If the lam IJI!CUn!!d by the Security InsttuDmt is u. jt!ct to a laIor liW:h seta IIBDDuD 10m cbIIrgea, and <br />tlat law is f1nally Interpreted 90 tlat the interest or other lam cbIIrgea collected or to be collected <br />in ..-.-H0Il with the 10m ellI:eBl pmm,itted Umita, thm: (1) my such 10m chlIqe sbaU be nduced by <br />the __ .-ry to nsiuI:e the chm:p to the pem:l.tted lliI1t; and (2) any _ alre8dy collectal <br />fraa ~ lohich -=-led pem1l:ted l1Dd.ts will be reftnkd to aorn.er. lender may cb:08e to 1lIIIra <br />th1a mftai by ~ the ~ ~ IDler the!bte or by .-IdDg a di.nct raJIBIt to 1lor1:QMr. <br />If . retU:Id I1!duces ~, the t'eIdtrt1on will be treated as a pItt;Ia1 ~qa,..,..s. tnder the lbte. <br />H. LEGISLATION <br />If, after the date hereof. es:&::tIlI!Dt or ezp1ntt1on of "l'Pli,..."l.. 1-. lBve the effect. either of <br />~ the provi.s1a!s of the lbte, the Security Inat:rum!l1t or this Mjustable Rate lUder (other tbm <br />this ~ G) ~ 8CIC01'Cili1g to tllIUr tema, or a.i.l or any part of the _ -=ed henlby <br />,.......I1_~"l>1~, as odmv1se prorided in the Security InstnBmt and this Adjustable Rate Rider. or of <br />dJIIIf.n1.&h111 the value of U!aler's Sl!IC1Id.ty, thm LeaIer, at Lender's option, lIIIY del:.lare all SUE <br />seared by the Security Inatrulll!Dl: to be tm.11at.eJ.y U aad ;ayab1e. <br />IN wmt!SS loIDECF, Ilorrooer ilia ~ this Mjustahle Rate Rider. <br /> <br />" <br />,,,J., . " ,)( -I.. ',~v <br />~' DENISE IV'" tOW~Y <br />~,!,.... GmE~At NOTARY s............ <br />~-iI1IIlr.,4 --.::. M)' CO~, E..". ...."'11. 25. !91J <br /> <br />:it,;\-,:'ll.:t <br /> <br />:.J.c.:' <br /> <br />(SMl) <br />~ <br /> <br />// <br /> <br />, -.../, <br /> <br />(Seal) <br />~ <br /> <br />,)ah~ <br /> <br />~_~....: ~l <br /> <br />(SMl) <br />~ <br /> <br />p <br />:- <br />)t " = <br />r>> '\, '.v <br />IJl = . <br />-l c' -, <br />1:l '.'! <br />)t <br />n _. <br />-\ <br /> ~ ., <br /> ::x r- ,. <br /> "" "" <br /> .r ,-.") <br /> 0') <br /> <br />(Sign <kig1nal cnJ.y) <br /> <br />'"" <br />~ <br />;; <br />008- <br />WQ/ <br />, .C' ~.' L '" <br /> <br />'. '\.-" of <br />,:!\1..o ~ <br />:, hrJtf1 ~: <br />~ \l j 'I .r:', <br />j I I <.0 t <br />..... <br />