HomeMy WebLinkAbout0937 transferee to keep all Ihe promisc~ and agreem~nts made in the Note and in this Sc~urity In~trumrnt, as m~~dified if
~ requirc~ by Lender. T~i the extent permitted by applicable law. Lender al~o m.iy rhargr a rrasunuble fee as a ronditian to
~ Lender's ransent to any sale or transfer.
Surrower will continue to br obligatrd under the Note and Ihis Security lnstrument unless Lrnder relra~e~ Borrowrr in
w~riting.
C. NOTICE
Uniform Cuvenant ?0 af the Se~:urity lnstrument is amended to read as foUows:
20. Notice. Except fur any notice required under applicable law to be given in an~~ther manner, (a) ~ny notice to
Burrow~er provided fur in this Serurity lnstrument shall be given by deli~~ering it or by maifing it by first class mail
addre~ud to Borrower at the Property Address or at sueh other adctress as Borrower may dc~signate by notier to Lender as
provided herein, and (b) any no~ire to Lender shall be given by firs~ .:sss mail to Lender's address statecl hrrein or to such
other address as Lender may dc~ignate by notire to Borrow•er as provided herein. An}~ notice provided for in this Security
Instrument shall he dc~emecl to have been given to Borrower or Lender when given in the manner dc~ignated herein.
D. UNIFORM MULTIFA111ILY 1NSTRUMENT; GOVERNING LAW; SEVERABILITY
Uniform Covenant 22 of the Security Instrument is amended to read as follc~ws:
22. Uniform 4lultifamily Instrument; Governing Law; Severability. This form of Sec:urity lnstrument combines
uniform covenants for nationa) use and non-uniform covenants with limited variations by jurisdiction to constitute a
uniform security instrument covering real ~roperty. This Security Instrument shaU be governeci by~ federa) law and the law
of the jurisdiction in which the Property is I~xated. In the event that any provision or clause otthis Security Instrument or
the Note conflicts with applicable law, such conflict shall not atTect other provisions of this Sec;urity lnstrument or the Note
which can be given eflect w~ithout the conflicting provision, and to this end the provisions of this Security Instrument and ~
the Note are declared to t~e severable.
E. COVENANT DELETED
The Non-Unifo~m Covenant of the Security Instrument headed by the caption "FUTURE ADVANCES" is deleted.
F. LOAN CHARGES
If the loan secured by the Security Instrument is subject to a!aw which sets maximum loan charges, and that law is finally
interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed
permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge to the II
permitted limits; and (2) any sums already collected from Sorrower which exceeded permitted limits will be refunded to
Borrower. Lender may choose to make this refund by 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 partial prepayment under the Note.
G. LEGISLATION
If, after the date hereof, enactment or expiration of applicable laws have the effect either of rendering the provisions of the
Note, the Security tnstrument or this Graduated Payment Rider (other than this paragraph G) unenforceable according to
their terms, or all or any part of the sums secured hereby uncollectable, as otherwise provided in the Security Instrument
and this Graduated Payment Rider, or of diminishing the value of Lender's security, then Lender, at Lender's option, may
declare all sums secured by the Security Instrument to be immediately due and payable.
; IN WITNESS WHEREOF, Borrower has executed this Graduated Payment Rider.
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