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provided herein, and (b) any noticr tu l.rnder sh~l,~agwen by f~qc~s mail to Lende~ s a~dress ~tated he~ein ur t<~ wrh
other addr~s as l~ender may dc~~gnatr by notire to Borrower as p~av~ded hrrein. Any no~ice prav~~3ed fi~r in thi~ S~~urity
Instrument ~hall be deemc~i to have been given to 8orrower or Lender when given in the manne~ de~ignatrcl herein.
D. UNIFORM SECURITY INSTRUMENT; GOYERNING LAW; SEVERABILITY
Uniform Cavenant I S af the Sc~urity I~~strumeM +s amended ta read as follows:
l5. Unifo~m Security lnstrument; Governing I.aw; Severability. This form ot Security Instrument cumbinc~ unifi~rm
covenants for natianal use and non-u~ifi~rm ca~enants with limited variations by juriuiiction to con~~itule a unifi~rm
security instrument covering real pmperty. This Security Instrument shalt be gove~ned by federa) law and the law ol~ the
jurisdictio~ in which the Propert~~ is lor~ted. !n the event that any provision or clause of this Security Instrumem or the
Vote conflicts with applicable law, such conflict shall not atl'ect othec provisions of this Security lnstrument or the Note
w~hich can be given effect without the conflic~ing provision, and to this end the provisians of this Security l~strument and
the Note are declared ta be severable.
E. TRANSFER OF THE PROPERTY OR A BENEFICIAI. INTEREST IN BORROWER
Uniform Covenant I7 of the Security Instrument is amended to rcsd as follow~s:
17. Transfer of the Property or a Beneficial lnterest in Borrowe~. If aU or any part of the Prope~ty or an interest therein
is sold or transferred by Borrower (or if a beneficial interest in Borrower is sold or transterred and Borrow~er is not a natura)
person or persons but is a corporation, partnership, trust or other legal entity) without Lender's prior written consent,
excluding (a) the creation of
a lie~ or encumbrance subordinate to this Security Instrument which does not relate to a
transfer of rights of occupancy in the property, (b) the creation of a purchase money security interest for household
appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any
leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, declare all
the sums secured by this Security Instrumenrto be immediatel~ due and payable.
If Lender exereises such optiort to accelerate, Lender shal! mail Borrower notice of acceleration in accordance w•ith
paragraph 14_ hereof. Such notice shaU pravide a{,eriod of not less than 30 days from the date the notice is mailed veithin
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the ezpiration of such period,
c~ z r~*~ Lender may. without funher notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
a~ Lender may consent to a sale or transfer if: (1) Borrower causes to be submitted to Lender informatian required by Lender
: o G Z to evaluate the trans~eree as if a new luan were being made to the transferee; (2) Lender reasonabl~• determines that
~ 4~ ~ 0 Lender's security will not be impaired and that the risk oi' a breach of any coo•enant or agreement in t his S e curity
` 2•~ Instrument is acceptable; (3) interest is payabfe on the sums secured by this Security Instrument at a rate acceptable to
r o D~ Lender; (4) changes in the terms of the Note and this Securily Lnstrument required by Lender are made;.including, for
< example, periodic adjustment in the interesl rate, a diflerent final payment date for the loan, and addition of unpaid interest
~ ~ to principal; and (5) the transieree signs an assumption agreement that is acceptable to Lender and that obligates the
~ trans~eree to keep all the promisc~ and agreements made in the Note and in this Security Instrument, as modified if
required by Lender. To the extent permitted by applicable law, Lender also may charge a reasonable fee as a condition to
I_ender's consent to any sale or transfer.
Borrower will rnntinue to be obligated under the Nate and this Security~ Instrument unless Lender releases Borrower in
writing.
F. COVENANT DELETED
Non-UniEorm Covenant 21 of the Sc~urity lnstrumem ("Future Ad~~anec~ ~s deleted.
G. LOAN CHARGES
If the luan secured by the Securit~ Imtrument is subject to a law which sets maximum loan charges, and that law is finall~~
interpreted so that the interest or other loan charges collected or to be collected in conoetition w~ith the loan ezceed
permitted limits, then: (1) any such loan charge shall be reduced by the amount necessar} to reduce the charge to the
' permitted limit: and (2) an~• sums already collected from Borrower which exceeded permitted limits wil) be refunded to
! Borrower. Lender may choose to make this refund b~~ reducing the principal owed under the Note or by making a direct
€ payment to Borrower. If a refund reduces principal, the reduction will be treated as a partia) prepa~~ment under the Note.
~
~ H. LEGISLATION
~ If, after the date hereoP, enactment ar expiration af applicable law~s have the etfect either of rendering the pro~~isions of the
; Note, the S~curit~ Instrumem or tfiis Adjustable Rate Rider (other than this paragraph H) unenforceable according to
; their terms, or a!1 or any part of the s:sms secured hereby uncollec:table, as otherwise provided in the Securit}~ Instrument
` and this Adjustable Rate Rider, or of diminishing the value of Lender's securiry, then Lender, at Lender's option, ma~•
~ declare all sums secured by the Security instrument to be immediatety due and payable.
~
~ I'~ WITtiESS WHEREOF. Borrower has executed this Ad}ustable Rate Rider.
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