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HomeMy WebLinkAbout0933 ~ addressed to Borrower at the Property Address or at such other sddras as Bomower may designate by notioe to Le~dw u • providod herei~~ and (b) any notice to Lender shall be giveo by Brst class mail to I.ender's sddras stated herein or to such othe~ address as Lender may designate by notice to 8orrower as providod herein. Any notice provided for in this Security lnstrument shall be deemed to have been given to Horrower or Lender when given in the manner designatod hercin. D. UNIF~ORM SECURITY INSTRUMENT; GOVERNING LAW; SEV~RABILiTY Uniform Covenant 1 S of the Security instrumo is amended to read as follows: 1S. Ualtona Secu~ity Instrumeat; Governing Law~ Se~enbll~ty. This form of Socurity Instrument combines uniform covena~ts for national use and no~-uniform rnverbants with limitod variations by jurisdiction to constitute a uniform xcurity instrumrnt covering real property. This Security Instrument shaU be governod by fcderai law and the law of the jurisdiction in which the Property is located. In the event that any provision or clauu of this Security ]nstrument or the Note con8icts with applicable law. such conflict shall not aifect other provisions of this Security instrument or the Note which can be given efFect without the conAicting provision. and to this end the provisions of this Security Instrument and the Note are declared to be severable. E. TRANSF'ER . OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Secucity lnstrumeot is amended to read as follows: 17. Transfer of t6e Property or s BeneHcial Iaterest in 8orrower. If all or any part of the Property or an interest therein is sold or transferred by Bonower (or if a beneficial interest in 8orcower is sold or transferred and 8orrower is not a natural person or persons but is a corporation. partnership, tnut or other legal entity) without L.ender's prior written 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 proptrty. (b) the crcation of a purchase money sacurity 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 I.ender's option. doclare ail the sums securod by this Security Instrument to be immediately due and payable. If Lender eaercises such option to accelerate. Lender shall mail 8orrower notice of acceleration in accordance 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 Borcower may pay the sums doclared due. If 8orrower 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. Lender may consent to a sale or transfer if: (1) Borrower causes to be submitted to L.ender information required by L.ender to_ evaluate the transferee as if a new toan were being made to the transferee; (2) Lender reasonably determines that Lender's security will not be impaircd and that the risk of a breach of any covenant or agreement in this Security - Instrument is acceptable; (3) interest is payable on the sums securod by this Security Instrument at a rate acceptable to Lender; (4) changes in the terms of the Note and this Security Instrument required by L.ender are made, including. tor example. periodic adjustment in the interest rate, a difFerent final payment date for the loan. and addition of unpaid interat . to principal; and (S) the transferee signs an assumption agreemrnt that is acceptable to Lender and that obligata the transferee to kcep all the promises and agreements made in the Note and in this Security Instrument. as modified if required by I.Ender. To the extent permittod by applicable law, I.ender also may charge a reasonabte fee as a condition to Lender's consent to any sale or transfer. ~ Borrower wiU continue to be obligated under the Note and this Security Instrument unless Lender releasa Borrower in writing. F. COVENANT DELETLD - il Non-Uniform Covenant 21 of the Security Instrument ("Future Advances") is deletcd. ~ j G. LOAN CHARGES ~ If the loan securod by the Security Instrument is subject to a law which sets maaimum loan charges. and that law is finally ~ interpretod so that the interest or other loan charges collectod or to be collected in connection with the loan exceod ~ permitted limits. then: any such loan charge shall be reduced by the amount necessary to roduce the charge to the ~ permitted limits; and (2) any sums already colleetod trom Borrower which exceedod permitted limits will be refunded to ~ Borrower. I.ender may choose to make this refund by reducing the principal owod under the Note or by making a dircct ~ payment to Borrower. If a retund roduces principal. the reduction will be trcated as a partial prepayment under the Note. € H. LEGISLATION . € If. after the date hereof, enactment or e~cpiration of applicable laws have the eRect tither of rendering the provisions of the ~ Note, the Socurity Instrument or this Graduatod Payment Rider (other than this paragraph H) unenforceable according to their terms. or a11 or any part of the sums socurod hereby uncollectable. as otherwise provided in the Security Instrumrnt and this Graduatod Payment Rider. or of diminishing the value of Lender's security, then Lender. at Lender's option, may deciare all sums secured by the Security Instrument to be immodiately due and payable. ~ ~ IN WITNESS WHEREOF. Borrower has executed this Graduatat Payment Rider. ~ ~ g - ..:Il.'.:.'^'S!`~ . ~ .(Seal) ~ W A. BOEHM . -Borrower ~ k . ~2'/~~'~_ ~ ~...................---...............................(Seal) ~ EL~AINE V . BOEHM -Borrwrer ~ .(Seal) ~ -eorrawer ~ (Sis?? OnB~/ ~YI ~ BGOK 395 ~~~E 932 ~ - _ - ~ _ - .