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faith ooacat such lien by. or defead a~ainst enforaroent of :uch lien in, le~al prooecdin~s which in the opinan of
Lcnder operate to prcveat the eafo:ament of the lien or forfeiture of the Property or any part theroof; or (c) shall
secure from the holder of such lien an agreement in a form satisfactory W Lender subordinatin~ such lien to this
Security Instrument.
lf Lcnder determines that aU or any part of the Property is subject so a Gea which may attain a prioriry over this
Security lnstrument, Lender shall give Borrower a notic~e identifying such lien. Bornower shall satisfy such lien or take
one or more of the actions set forth above within tea days of the giving of the notia.
C. NOTICE
Uniform Covenant 14 of the Securiry lnstrument is amended to read as follows:
14. Notica Except for any notice required under applicable taw to be given ia another manner, ( a) any nodce to
Borrower provided tor in this Security Instrument shaU be given by delivering it or by mailing it by first class mail to
Borrower at the Property Address or at such other addrcss as Borrower may designate by notice to Lender as provided
herein, and ( b) any notice to lxnder shall be given by first class mail to Lender's address stated herein or to such
other address as Lender may designate by nocioe to Borrower as provided herein. Any notice provided for in this
Security Instrument shal) be deemed to have been given to Borrower or Lender when given in the manner designated
herein.
D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY
Uniform Covenant IS of the Security Instrument is amended to read as follows:
15. Unitorm Security Instrument; Gorerning Lw~; Severability. This form of Security Instrument oombines uniform ~
covenants for national use and non-uniform covenants with limited variations by jurisdicuon to aonsutute a uniform
se°curity instrument covering real property. This Security lnstrument shall be govemed by Federal law and the law of '
the jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument
or the Note conflicts with applicable law, such oonflict shall not a6ect other provisions of this Securiry Instrument or ;
the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security ~
Instrument and the Note are deciared to be severable.
E. TRANSFER OF THE PROPERTY OR A BENERICIAI. INTEREST IN BORROWER
Uniform Covenant 17 of the Security Instrument is amended to read as foltows:
17. Transfer ot the Property or x Beneficial Interest i~r Borro~ver. If all or any part of the Property or an interest
therein is sold or transferred ( or if a beneficial interest in Bonower is sold or transferred and Borrower is not a natural
person ) without Lender's prior written oonsent, Lender may, at Ixnder's option, declare all the sums secured by this
Securiry Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if
li eaercise is not authoriud by Federal law.
; If Lender exercises such option to accelerate, I.ender shall mail Borrower nouce of aoceleradon in aocordance 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 Borrower may pay the sums declared due. If Borrower fails co pay sur;~ sums prior to the expiration of
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~ such period, Lender may, without further notice or demand on Borrower, invoke any remedies permitted by
i paragraph 18 hereof.
~ Notwithstanding a sale or transfer, Borrower will oontinue to be obligated under the Note and this Security
~ Instrument unless Lender has released Borrower in writing.
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F. LOAN CHARGES
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~ If the loan secured by the Security Instrurr~ent is subject to a law which sets maximum loan charges, and that law is
E finaUy interpreted so that the interest or other loan charges oollected or to be collected in oonnection with the loan
exceed permitted limits, thea: ( I) any such loan charge shall be reduced by the amount necessary [o reduce the
charge to the permitted limit; and ( 2) any sums already oollected from Borrower 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 Borcower. If a refund reduces principal, the reduction will be treated as a partial
prepayment under the Note. _ - -
IN Wit'NESS WHEeeoF, Borrower h~s execyt~dd
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