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<br />I <br /> <br />D. VNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY <br />Uniform Covenant IS ofthe Security Instrument is amended to read as follows: <br />15. VillI...... SeImIlJ lao_l; ~ LaW; Sevenlllllly. This form of Security Instrument combines uniform covenanlS for national <br />""" and non-ulllform covenants with limited va.....ations by jurisdiction to constitute a uniform seeurity instrument covering real property. This <br />Security Instrunlent .baII be governed by Federal law and the law of the jurisdiction in which the Property is located. In~lheevCllnhat any <br />provision or clause of this Security Instrument or the Note conllielS with applicable law, such conllict shall not affect other prOvisiOlllLOf this <br />Security Instrument or the Note which can be given effect without tbe conllicting provision, and to this end the provisiOllScoftbiac *",,"ty <br />Instrument and the Note are declared to be severable. <br /> <br />E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />17. Traufer of '1Ie Property or . _ 1__ Ia Borrowa-. If aU or any part of the Property or an in......t therein is sold or tnUlSferred <br />(or if a beneficial interest in llotrower is sold or transferred and Borrower is not a na.ura1 person) without Lemler's priorwritl....consent, <br />Lemler may, a. Lender's option, declare ailtbe sums secured by this Security Instrum...tto be immediately due and 1>&Y8b1e. However; this <br />option sbail not be exercised by Lender if exercise is nOl authorized by Federal law . <br />If Lender exercises such option to accelerate, Lender sball mail Borrower notice of acceleration in accordance with paragraph 14 hert:of.Sud1 <br />nOlice sball provide a period of nOli"", than 30 days from the date the notice is mailed within whicb Borrower may pay the sums tleclaredduedf <br />Borrower fails (0 pay such sums prior to the expiration of such period, Lender may. without funher notice or demand on Borrower-~- invoke-any: <br />ranedies permitted by paragrapb 18 hereof. <br />Notwithstanding a sale or transfer. Borrower will contioue to be obligated under the Note and this Security Instrument unIessLenderc bas <br />released Borrower in writing. <br /> <br />F. WAN CHARGE'! <br />If the Joan secured by the Security I nslTUment is subject to a law which sets maximum loan charges. and that law i5 rmany interprded so tbatthc <br />interest or olber loan charges collected or to he coUected in connection with tbe Joan exceed permitted limits, then: (I) any such loan charge sbaIl <br />be mluced by tbe amounr necessaty to reduce <he charge to tbe permitted limit; and (2) any sums already collected from Borrowerwbich <br />exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principaiowed under the Note <br />or by making a direct -payment to Borrower. If a refund reduces prindpaj. the reduction will be treated as a partial prepayment under-the Note. <br /> <br />IN WITNESS WHEREOF, Ilorro..... h.. enaat<d lhls Adj..._ Rate RIder. <br /> <br />t -) ., 'J <br />l )} C}.1t1/~U <br />Richard L. Lepin <br /> <br />~~. <br />'B R.~ .. ..1/11'(./ <br /> <br />(Seal) <br /> <br />. X> r'l il.,' <br />iT;: &cc'\ u. Boii~~k <br />qeDec~a ,c~. Lepin <br /> <br />....--.-.-...<SeaI) <br /> <br />IlORROWER <br />(SIGN ORIGINAL ONLY) <br /> <br />(Seal) <br /> <br /> t~ <br /> "-' <br /> = (Xlg <br /> on <br /> ...., W~ <br /> '" ., ~.z""f? 0'; <br />p <br />:"" -u t ~ t;; 0 <br />:::t:; ... "Uf m 0 <br />I ~ i &j' ~ <br /> ,.. \...... ~ (T) c: <br /><=> <i"l I~ .. ~ ~ <br />en r.i') i. U>_ <br />~ . Z <br /> P <br /> <br />