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Home My WebLink About0958 . - . . B. UNIFOR!! SBCURITY INSTRUl~NT; GOVBRNING LAW; SBVBRABILITY~ ~ Uaifors Coveaaat 15 of the Security Instru~ent is a~ended to read as follows: ~ . 15. Uaiforo Security.Instruaent; Goveraing Law; Severability.. ?bia forM of Security Iastrueent corbine~ uaifosr coveaaats for national we and noaunifor~ covenaats With liaited variatioas by 3urisdictioa to constitute a unifor~ security it?struaent covering real property. This Security Instruaeat shall be governed by federal law aad the lsM of the 3urisdictioa in vhich the Property is located. Io the event that any ~ provision or clause of this 5ecurity Iastrusent or the Kote conflicts _ with applicable lsw, such conflict shall aot affect otber proviaioas of this Security Instrument or the Note which can be given effect without the conflicting provision, aad to t6is end the provisioas of t6is ~ Security Instrwnent and the Note are declared to be severable. . . F. TRANSFER OF THS PROPERTY OR A BEI~I~FICIA~ INTERBS? IH BORROWBR Uniform Covenant 17 of the Security Instruaent is a~eaded to read as follows: ~ - l7. Traasfer of_the Property or a Beneficisl Interest ia~Borrower. If all or aay part of the Property or an iaterest therein is sold or transferred by Borrower (or if a beaeficial interest in Borrower is sold or transferred and Borrower is not a aatural person or persons but ~ is a corporation, partnership, trust or other. legal entity) without Lender's~prior Writt~a consent,. excluding (a) the creatioa of a liea or • I eacu~brance subordinate to the Security Instru~ent which does not ~ ! relate to a transfer of rights of occupancy ia the property, (b) the creation 'of a~ purchase money security interest for household appliaaces, (c) a transfer by~devise, descent or by operation of law upon the death of a joint teaant or (d) the graat of aay lease6old iaterest of three years or less aot containing an optioa to purchase, I.ender may, at Lender's optioa, declare all the suvs secured by this Security Instrumeat to be im0ediately due and payable. If Lender exercises such option to accelerate, Lender shall wail BorroWer notice of acceleration in accordance With paragraph 14 hereof. Such notice shall provide a period of not less thaa 30 days frov the date the notice is mailed within which Borrower aay pay the suas ; declared due. If Borrower fai2s to pay such sues, prior to the. ~ expiration of such period, Lender say, without further notice or devand { on Borrower, iavoke any revedies permitted by paragraph 18~hereof. k ~ Lender may consent to a sale.or transfer if: (1) Borrover causes to _ ~ be submitted to Lender information required by Leader to evaluate the ~ transferee; (2) Lender reasoaably ~detersines that Lender's security j will not be i~paired and that the risk of a breach of any covenant or . ~ agreesent in this Security Instrument is acceptable; (3) interest is payable on the sums secured by this Security Instrument at a rate acceptabl~ to Lender; (4) changes in the teros of the Note and this ~ Security Instru~ent required by Leader are made, including, for euample, periodic adjustmeat in the interest rate, a different fiaal pay~ent date for the loaa, .and additioa of unpaid interest to . principal; aad (5} the transferee signs an assweption agreeaent that is acceptable to Lender and that obligates the transferee to keep all the proaises and agreements ~ade ia the Note and in this Security Instruseat, as ~odified if required bq Lender. To the extent peroitted by applicable law, Lender also may~charge a reasoaable fee, as a ~ condition to Lender's consent to any sale or traasfer. ~ a ~ Borrower will continue to be obligated under the Note and tbis Security ~ Instrusent ualess I.ender releases Borrower in writing. ! G. COVENANT DELETED ~ Hon-Uaifor~ Covenant 21 of the Security Instrument ("Future Advances") is deleted. ~ f (FL) FLEX RIDER c~ Page 5 of 6 . B~Kc~7~5 P~GE 957 _ - - . . ~ - - ~ ~ . ~