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2011002b0 <br />EXHIBIT B-I <br />MODIFICATIONS TO INSTRUMENT <br />(Key Principal Transfers) <br />The fallowing madifications are made to the text of the Instrument that precedes this <br />Exhibit: <br />1. Section 21 is modified ta add new Section 21(� as follaws: <br />"( fl The requirement to pay a 1% transfer fee as provided in S�cctiiian 21(c)('n(A) <br />sha11 not apply to Transfers of the Mortgaged Property ar of ownership <br />interests held by any person or entity to (i) one or more Key Principals or <br />(ii) any entity or entities in which a Key Frinaipal has a direct or indireet <br />Controlling Tnt,�rest ("A�liated Entities"). However, such Transfors to <br />Affiliated Entities shall be subj ect to all other requixements of Section 21(c) <br />herein." <br />2. Section 2l (b) is modifred to delete the period at the end of Section 21(b)('7) and <br />subsdiute "; and" therefor and to add a new Section 2l. @)(8}; <br />"(8) a Transfer of the Mortgaged Property or af ovmership intcrests held by an <br />individual or �ntity Key Principal in Borrower, or in any other entity which <br />awns, directly or indircctly through one or mor� inte�mediate entitiss, an <br />awnership interest in Borrower, to (i) othor Koy Principals; (ii) Immediate <br />Family Members; or (iii) trusts established far the benefit of the transfarar <br />a�ad/or Immediate Family Members; pravided� however, that such T'ransfer <br />of ovmership interests will not cause a change in the managem�nt aa�d <br />eontrol of Borrower (or other intermediate entity), and after which <br />Transfex, the transferor Key Principal shall maintain the same xight and <br />ability to manage and control Soaower (or ather in.termediate cntity) as <br />existed priar ta the Transfer." <br />3, Seation 1 is modified ta add the following defined term: <br />"(dd) "Immed�ate Family Members" means a non.-minor child, gr�dchild, <br />spouse, or parent, of a transferar under Section 21" ' <br />4. All capitali�ed terms used in this Exhibit not specifcally defned herein shall have <br />the mcanings set forth in the text of the Tnstrument that precedes this Exhibit. <br />�OWER'S INITIALS <br />Key Prinetpal Mudl�icationa to Instrumant �orm 4071 Page B-1-1 <br />pS-Q4 O 1997-20Q� Fannie Mae <br />