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<br />r <br /> <br />" <br />D. UNIFdRM nevRITY INSTRUMENT; GOVEP..NING LAW; SEVER4.BI!.fl'V <br />Uniform Covenant J.5 of the Security Instrument i$ amended '" read..tl1! follows~ <br />15. Vall...... Sealrity I_I; GOl'endtItI LaW; SnendllIIty, This form of Security Instrument combines uniform coveDlU1ts for national <br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, This <br />Security Instrument shall be governed by Fedetallaw and the law orthe jurisdiction in which the Property is located. In the .,.'ennbar any <br />provision or clause of this Security In.troment or lhe Note conflicts with applicable law, such conflli:tshall not affect other provisions. of this. <br />Security Instrument or Ihe Note wbich can be given effect without the conflicting provision, and to this end the provisions of this Security <br />Instrumenl and the Note are dec::lared to be ""verable, <br /> <br />E. TRANSFER OF THE PROPERTY ORA BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security I nstrument is amended 10 read as follows; <br />17, T......... of the Property or . IIenefldaIIIIfI:nst Ia Borrower. If all or any P'm of the Property or an interest therein is sold or transferred <br />{or if a beneficial inter""l in Borrower is sold or transferred and Borrower is not a fUIlural person} without Lender's prior writtenCOllSelll; <br />under may, at Lender's option, dec::lare all the sums secured by this Security Instrument to be illUJlf!diately due aDd payabk. H_.lb;,. <br />option shall not be exercised by Lender if exercise is not autbori2ed by Federal law , <br />If Lender exetcises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordaw:ewithparagraph14'bereof:Such <br />nOlice shall provide a period of nOI less than 30 days from the dale the nOlice is mailed within which Borrower mayPllY theSUJils;decllued ~'If <br />Borrower fails to pay such sums prior io the expiration of such period! Lendei' may, without furtber notice or demand on .Bv^riower, iriv~ &""ty-., <br />remedies permitted by paragraph 18 hereof. . .... . .... ..' <br />Notwithstanding a sale or transfer. Borrower will continue to be obligated under the Note and this Securitylnstroment.unJesscLcindel.'.lta$< <br />released Borrower in writing, <br /> <br /> <br />;;, <br /> <br />.F. LOAN CHARGES <br />If the loan secured by the Security Instrument i. subject to a hw winch .".. mw"mum 1 ';.a\ C'!l!ll'ges, andlhatlaw is fmally interp1:eted'~dIat'the. <br />interest or other loan charges collected otto be rollect... m connection wan the loan exceed permitted limits, then; (I ).anysuchll)an~~;. <br />be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collectll(HrODl'~~; <br />exceeded permitted limits will be refunded to Borrower, Lender may choose 10 malre this refund by reducing the princlpa1owedutldel'~NotC: <br />or by making a direct payment to Borrower, If a refund reduces principal, Ihe reduction will be treated as a panialprepaymalt ttlJl:Im:the.l\Iote.'.. <br /> <br />IN WITNF.s5 WHEREOF. Borrow.r bas executed thls Adjugble Rate RldeF, <br /> <br />i J. .:n/X/ <br />"LIf(,:f/'I- y .-u~ <br />. BORROWER <br /> <br />ISeaI)' <br /> <br /> <br />ulalter H. Kruse <br />(\ ~ _ t ..-y' _;. _/f <br />..;r. Jftr.rJU?i Y7) ~o~'tiii.~" <br /> <br />Shirley i'i. Kruse <br /> <br />----<Seal} <br /> <br />BORROWER <br />(SIGN ORIGINAL ONLy) <br /> <br />(Sea!) <br /> <br />~ <br /> <br />00 <br />o (fl .i:;lo <br />~~ I <br />0%G1C1 <br />-:) -;;3 ~ :; <br />-rlz(t)m'S0- <br />::r: m g, ro -. 0 <br />10- c, e<. I h.... <br />; ;; Ib-f\m <br />,-,~~'\ ~ <br /> <br />u> -.J <br />u> <br /> <br />"' <br />::I <br />I <br /> <br />p <br /> <br />~/\ <br />~ ,t~.,\ <br />...> \\ <br /> <br />= <br />..:= <br /> <br />:- <br /> <br />C5 <br />"'" <br /> <br />III <br />'" <br /> <br />)io <br />III <br />tn <br />...l <br />~ <br />)io <br />o <br />-l <br /> <br />'.;-.J <br /> <br />;::;l <br />'," <br /> <br />f"o" <br />--' <br /> <br />L-:1 <br />,',-, <br />11 <br />':::1 <br />'",) <br /> <br />t'<-,'\. <br />..... ""-~. <br /> <br />~. <br />t~ <br /> <br />= <br />....... <br /> <br />o <br />g <br />r:: <br />! <br />Z <br />!> <br />