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r effect without the conflicting provision, and to this end the provisions of this Security Instrument and the Note "'" declared to.be severable. E. TRANSFER OF THE PROPERTY; ASSUMPTION. Unifonn Covenant 17 of the Security Instrument is amended to read as foDows: 83- 00624>0 17. 'Ihmsfer of the Property; AssumptiOn. If all or any part of the Property or an interest therein is ooldortransferred by Borrower without Lender.s prior written consent, excluding (a) the creation of a lien or encumbrance subOrtlinateto this Security. Instrument which does not relate to a transfer of rights of occupancy in the property,. (b ) the creation ofllPun:h;ise money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon.lbci'd~ath'<!f . ajoinftenant or (d) the grant of any leasehold interest of three years or less not containing.anoptiooito pllrCllllseil.enderc may, at Lender's option, declare all the sums secured by this Security Instrumenl to be immediatelydueand FyaOle: '.' If Lender exercises such option to accelerate, Lender shall mail Bonower notice of accelerationin.acC()rd~.witJl paragraph 14 hereof. Such notice. shall provide a period of not less than 30 days from the date the noticeis.majledwithiii which Bonower may pay the sums declared due. If Bonower fails to pay such sums prior to the expiralion~f SllChperiod,. Lender may, without further notice or demand on Borrower, invoke lUlY remedies permitted by. paragraph lS.hereof: Lender may consent to a sale or transfer if: (1) Bonower causes to be submitted to Lender infonnatiorit~(iIIJred; by Lender to evaluate the transferee as if a new loan were being made to the transferee; (2) Lenderreasol1llblyidetel:l1lines:that Lender's security wiD not be impaired and that the risk of a breach of any covenant or agreement in this Security'lnsln1ment.. is acceptable; (3) interest wiD be payable on the sums secured by this Security Instrument at a rate acceptablettlLender;' (4) changes in the terms of the Note and this Security Instrument required by Lender are made, including, fOr example; periodic adjustment in the interest rate, a different final payment date for the loan, and addition of unpaid ioterest to principal; and (5) the transferee signs an assumption agreement that is acceptable to Lender and that obligates,the transferee, to keep all the promises and agreements made in the Note and in this Security Instrument, as modified if required by Lencler. Ththe extent permitted by applicable law. Lender also may charge a reasonable fee as a condition to Lender's consentto.anyS8ie . or transfer. Bonower will continue to be obligated under the Note and this Security Ins!nlment unless Lender releases Bonower in writing. F. BORROWER'S RlGIIT TO REINSTATE Non-Uniform Covenant 19 ("Bonower 's Right to Reinstate ") is amended to read as follows: 19. Borrower's Rlght to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Security Instrument, Bonower shall have the right to have any proceedings begun by Lender to enforce this Security Instrument discontinued only if applicable law so provides. Any right to reinstate shall be exercised in the manner required by such law. ... G. NO FllTURE ADVANCFS Non-Uniform Covenant 21 of the Security Instrument ("Future Advances") is deleted. H. LOAN CHARGFS If the loan secnted by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (I) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limits; and (2) any sums already collected from Bonower which exceeded permitted limits will be refunded to BorroWer. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. I. LEGISLATION If, after the date hereof, enacunent or expiration of applicable laws have the effect either of rendering the provisions of the Note, the Security Instrumer., or this Adjustable Rate Rider. (other than this paragraph 1) unenforceable according to their terms, or all or any part of the sums secured hereby uncollectable, 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 sums secnted by the Security Instrument to be immediately due and payable. IN WITNESS WHEREOF, Borrower has executed this Adjustable Payment Rider. ~.~d.Q~.................... (Seal) Frederick 1.,. Peirce ~8orrower . . ?'/'I0:1X :d2?< .7.::;~'?cY. . . . . . .. . . . . . , . . . . . . . ., (Seal) Haryft. weirce ~8orrower .. .' (Seal) -!lonower (Sign Or/r}/nsI Only) l