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~oioo4~~_0 NI I1~11 ICI I II NNIIN I I ~ III II III I ~ bond for deed, contract for deed, installment sales contract or escrow agreement, the in#ent of which is the transfer of title by Borrower at a fu#ure date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred- withou# Lender's prior written consent, Lender may require immediate payment in full of all sums secured by #his Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. tf Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of no# less #han 30 days from the date the notice is given in accordance with Section 7 5 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand an Borrower. 2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated in Section A above, Uniform Covenant 18 of the Security Ins#rument described in Section B1 above shall then cease to be in effect, and the provisions of Uniform Covenant 7 8 of the Security Instrument shall be amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, ins#allment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate paymen# in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assump#ion and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption agreement that is acceptable to Lender and tha# obligates the transferee to keep all the promises and agreements made in the Note and in this Security tnstrument. Borrower will continue to be obligated under the Note and this Security Instrumen# unless Lender releases Borrower in writing. If Lender exercises the aptinn to require immediate payment in full, Lender shall give Borrower nafice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay_all sums secured by this Security Instrument. If Borrower fails to pay these sums prior #a the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument wi#hou# further notice or demand on Borrower. MULTISTATE FIXED/ADJUSTABLE RATE RIDER -WSJ One-Year LIBOR -Single Family - Fannie Mae Uniform tnstrument VMP a -168R (0807) Page 3 of ~ Initials: Form 3187 6/09