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HomeMy WebLinkAbout0923 . ' . ~ addressod to 8orrower at the Property Addras or at such other addreaa u Bomower may designste by nwice to L.endu as providod herein, g~d (b) any notice to Lende~ shsll be givrn by flrst class mail to Lender's addrcss statod hercin or to auch othcr addrcss as Lender may designato by noticc to Borrower as providod herein. Any notioe providod for in this Security lnstrume~t shall be deemed to have ban givrn to Borrower or l.ender whrn given io the manner designstod herein. D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY U~iform Covenant 1 S of the Security lnstrument is amendod to read as tollows: 1S. Uaitorm Security lnstrumeat; Go~eraiag Law; Se~erability. This form of Security lnstrument combines uniform covenants for national use and non-uniform covenants with limitod variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shail be governod by foderal law and the law of the jurisdiction in which the Property is located. In ~he event that any provision or clause of this Socurity Instrument or the - Note conflicts with applicable law. such conflict shail not affect other provisions of this Socurity Instrumrnt or the Note which can be given e~'eet without the conflicting provision. and to this end the provisions of this Security Instrument and the Note are declared to be severabla E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as foUows: 17. Traasfer ot tbe Pmperty ora Beaeflcial Interest ta Borrower. lf all or any part of the Property or an interest therein is sold or transferred by Borrower (or if a beneficial intercst in Borrower is sold or transferrod and Borrower is not a natural person or persons but is a corporation. partnership. trust or other legal entity) wiihout Lender's_prior writtrn consent. excluding (a) the creation of a lien or encumbrance subordinate ta this Security Instrument which does not relate to"a transfer of rights of occupancy in the property, (b) the creation of a purchase money secarity intercst for household appliances. (c) a transfer by devise. descent or by operation of law upon the dcath~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 securod by this Security Instrument to be immediately due and payable. If Lender exercises such option to accelerate. Lender shall mail Borrower hotice of acceleration in acxordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within ~ which 8orrower may pay the sums declarod due. If Borrower fails to pay such sums prior to the eapiration of such period. Lender may. without further notice or demand on Borrower. invoke any remodies permittod by paragraph 18 hereof. _ , I.ender may consent to a sale or transfer if (1) Borrower causes to be submitted fo Lender information required by Lender to evaluate the transferee as if a new loan were being made to the transferce; (2) Lender reasonably determines that Lender's security will not be impaired and that the risk of a breach of any rnvenant or agreement in this Security Instrument is acceptable; (3) interest is payable on the sums secured by this Security Instrument at a rate acceptabie to Lender, (4) changes in the terms of the Note and this Security Instrument requirod by Lender are made. including. for example. periodic adjustment in the interest rate. a differcnt final payment date for the loan, and.addition ~npaid interest to principal; and (S) the transferee signs an assumption agrcement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in ~the Note and in this Security Instrument, as madi6od if required by Lender. To the exteot permitted by applicable law, Lender also may charge a reasonable fee as a condition to l.ender's consent to any sale or transfer. Borcower will continue to be obligated under the Note and this Security Instrument unleas Lender releases 8onower in writing. F. COVENANT DELETED - Non-Uniform Covenant 21 of the Security Instrument ("Future Advances is deleted. ~ . E ~ G. LOAN CHARGFS ~ If the loan securod by the Security Instrument is subject to a law which sets maximum loan charga, and that law is finally ~ interpreted so that the interest or other loan charges collxtod or to be collectod in connection with the loan excood permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to roduce the charge to the permitted limits; and (2) any sums already collected from Borrower which exceeded permitted limits will be refundod to 8orrower. Lender may choose to make this rcfund by reducing the principal owod under the Note or by making a dirxt paymrnt to Borrower. If a refund reduces principal. the roduction will be treated as a partial prepaymrnt under the Note. H. LEGISLATION ~ If, after the date heroof, enactment or eapiration of applicable laws have the eff'ect either of rcndering the provisions of the Note. the Socurity Instrument or this Graduatod Payment Rider (other than this paragraph H) unenforceable according to their terms, or all or any part of the sums socurod hereby uncollectable, as otherwise providod in the Security Instrumrnt_ and this Graduatod Payment Rider, or of diminishing the value of L.ender's security, then Lender, at Lrnder's option, may declare all sums secured by the Socurity lnstrument to be immediately due and payable. ~ IN WITNESS WHEREOF. Borrower has executed this Graduatod Payment Rider. ~ ~ ' ~ .~1...h,./,~~,-................................................. .ts~) € DOU A. WYMAN -eorrower ~ ~ ~ ! -~~o `i~r:. ~cs~ ~ ; .~s~~ I ~ ~ -ea.owa? j, ~ . (Si~? •or;6;nN onh') ' F I ~ - - soo 395 9~2 ~ _ - - - ~