HomeMy WebLinkAbout0928 11~5TRA'CT d TlTLE CORPbRATlON OF FLORIDA ~
pro.~id~d hcrcin, and (b) any nut~~r tu Lcn~lcr.hall be ~~~cn h1 fit.~ cl,i,. ~n;,i1 t~, l.en~ir's add}~y~a~ed hercj~'__ ~ccsuch
ether address as l.ender ma~• de»gnatr h~• ~;c~Ucc t~~ Rurn,~vcr a~ rn,~ i.lr~l h~•rcin Ari~~ n~~irr ~iR~~ drd for ~n i~ urily
Ins~rum~nt shall br d~rmcd tu h:~~ ~ tk~n gi~•cn t~~ N~,rrc~~~rr ~~r 1_cn~irr hrn gi~cn in thc manncr d~yignatrci hcrcin.
D. UNIFOR~1 SECURiTY f~STRU111~:\'T; G(ri'1:R11~(: 1.,~1~'; Sf;~'l;RABII.ITY
Uniform Covenant 15 of ~h~ Scrurity In,trumcnt i. amcnd~d rr,~d f~~ll~~w,: .
I5. Uaiform Security IRStrumcnt; (;uverniny; law; Scvcrabilit~•, l~hi. li~rnt of SiY•unty Ins~rumcnt rumbinr~ uniform
covenants for n~tional use and n~m-uniti~rm .:~~~rn~~:l~ ~rilli I~nutr~f ~:iriali~~m h~• jun.Jiru~m 1~~ c~~mUfule a un?Porm
sctiurity instrument ~~~~ering reat ~ruprrt~. Thi~ S~curi~~ In.lrunirnt .hall hr ~~~~erneJ hy f~d~ral la~ and the la~~~ of the
jurisdiction in w•hich the Praperty i. Ick~a~cd. !n thc ~~en~ that ;in~ ~•m~i.~c~n c~r rlau.r ~~f ~hi~ Securiiy Imtrument ~r the
1~~~tc ~onflictc w~th app!irabl~ law~. such c~,n(li~t ~hall nut .~tii•~t ~~thrr ~,n,~i.i~~n, u( Ihi~ Srruril~ Im~run~cnt or thc N~,te
which can br gi~rn efliY~ ~.i~h~,ut ihr:~,n(lic~ing ~,m~~.u,n. ;~ii,l 1~, t(u. rn~l thr ~nni.i~~n. ~~f thic Srrunty Intitruri~ent and
thr Note are dtcl~red to be srverahle.
E. TRANSFER OF TfiF PROPI~:RTl' OR 13}~:1I~1~1('IA1. 11TN;RF:ST I` I30RRON'F.R
Uniform Covenant 17 otthe Security In~trumrnt i~ amrn~l~~i tu rc;~cf f~~N~~«.: ~
17. Tnnsfer of thc PropcMy or a I3eneficial [ntcrest in I;orrc?wcr, If :~11 an~~ ~~:~rt ~~f thc Propc rty nr an interest thercin
i~ s~IJ ur transf~rrcd by Qorrowcr (~~r if a bencfici:il intrrr.~ in t3ui r~?~~ rr i. ur ~ r:~n.fcrrrd anJ (~orroverr ~s not a naturat
per~on or persor~s but is a cor~+c~ration, partnenflip, tru~~ nr ~~thrr IcFal rn~ity~) ~~~thaut 1_endrr's prior ~a•ritte~~ ~onsent.
exeluding (a) th~ cre~tion of a lien ~r enrumbr;~nce cutx~rctinatr te~ thi. 5rrurit~• lnstrurt~ent ~~~hich dcks nut relate to a
~ran.fer of rights af accupancy in the pro~xrty, (h) thr crcauon ~~f ~~urrh.itie mimey ~urily interest Por household
applianees, (c) a transfer by de~•icr, dc~seent or by ~rrrati~~n nf I;?~~ urc~n Ihr ~Irath ~f a je,inl tenant or (d) the grant of any
le~sehold interest of three years or l~~ss no~ containi~ig an c~Phi~n t~~ ~~urcha.r, l.en~frr ma}•, at Lender's ~~tion, declare all
the sums secured hy this Sccurity Instrumrn~ to lk imi~u~ii;~irly dur :~n~l ~;i~;ihl~.
]f Lender exercises such optiart tu accelercit~, Lendrr .hall m:nl R~~rr~~~vrr n~~lire i~f ac~elerati~n in accordanre H•ith
paragraph 14 hereoC Surh notire shall ~ro~ide ~cnc~d ~~f n,it Ir.. th.,n ~0 Ja~. fn~m thr date the nc~~ice is muihd ~~~tthin
whirh [kirrow~er may pay the sunu iirclare~ due. If 13.irm~r~r fa;h i~~ ra~• ~urh wm~ ~+ri~~r to the c~piratian ~f such ~xric~d.
Lender may. with~~w furthrr nc~tir~ c,r dcmand on li~,rm~~ ~r. in~~,ke ;uti~ rrm«lir. ~krmit~cd hy paragraph 18 her~of.
Lender ma}• con.ent to a sale ar transfrr if: (1) t3~~rn~~~er rau,~~ hr ,i:hniit~rd t~ l.ender infe~rmati~n reyuired by Lerider
to evaluale the trrnsferee :+s if a ne~~ i~,an ~~cr~ hrin~ ni::ctr t~~ the tr.ui~trrce: t2) Lendrr rea~onahly dctermines that
'j Lender's security wilt not be imp:~irrd and that thr ri.k ~~f a hrcach e~f an}• rn~ri~ant or agrecment in this Serurity
Instrument is accept~ble; (3) interr~t i. ~a~•ahle on thr ~ur~ti tirr~~rcc1 h~ thi~ Security L~,trumrnt at a rate acceptable to
Lender, (4) ch~nges in the terms of Ihe '.~lotc an~i ihi~ Srcun~~ In~truinrnt reyuircd b~ Lender are made, including, for
ea:+mple, ~riodic adJustment iii the interest ratr. ditTrrent fin;~l ra~ mrn~ ~i,itr f~x the i~~an, :~nd ~dditi~m of unraid interest
t~~ ~rinripal; and (5) the trans(ercc sign, an a,tiumption a~~rrrmrn~ th;~~ i, accrrtable Io Lcnder and Ihat nhlibates the
transferee to kerp all the promitic~ anci agrecmrnt~ maeic in thr V~~te and in th~ti Scruritv Instrument, as mudified if
~ required b~• Len~fer. To the e~tent r~rmitt~d b}~ a`~~licahl~ laa, Lrncirr al.c~ ma~• chargr a rea~onable fee as a conclition to
Lender's consent to any sale or t r:in,frr.
, D~rro~+~er will c~ntinue to be i~hligatrci un.lrr th~ \utr an~i ~hi. tirrurit~ In.trument unlc~s Lender rclea~c~ [3~~rro~~~er in `
riting.
~ ~I
F. COL'E;~A\'T DEI.ETEll ~
Non-Uniform Covenant 21 of the Secunty In~trumrnt ("f=utur~ :~~h.inr~."} ~lrlcted.
C. LOAN CHARGES
If the ioan secured by the Securit}~ Intitrumrnt i. ~uhjrct t~~ I;~w u liich .et. m;~iimum Ic~an charges, and tl~at la~~~ is finally
interpreted so that the interetit or cuhrr Iv:~+t clt:~r~r. r,~!lrrtrd ~~r i~~ h~ r~~!)~rird in ronnec~inn ~~ilfi the loan exceed
prrmit~ed limits. ~hen: (1) any ~urh li~.in ihargr ~hall hc rr~lucr~! t,~ tLr ;m~,,unt ~~e:r.~ary~t~~ r~duce Ihr ch:~rge to the
permitted limit; and an}' sums alrcad} rcille~tc:1 fr~~tn t3~~rr~~~~~r ~~hi~h ~~~cr~ic~l ~•ermit~rd limit~ ~~ill he rcfundeJ tc~
f3orrov?•er. Lender ma~• chcx~se to ma{.r thi. rzfund h~ milu~in; the rrin~i~~al ~~~~~d uncl~r the i~ie~tr or hy making a direct
pa~~ment 1o Rorrower. If a refund r~duce~ ~nnci~,al, ~he rr~lu~ti~m ~~~11 hr ~i~:itrd ;?ti ;i rarual pre~a~me~it under the Note.
H. LEGISL~IT[0~1
U, after the da~e hereof, enactmcnt ~~r e~riraliun nf a~~li.•ahir la~~. h;i~r Ihr rI7r~1 ~ith~r i~f renderinc the ~rtni~ic~n~ of the
Note. the Sc-eurity lnstrumrnt ~~r th~. .A~1~ust:~hlr R:~Ic Rieicr (e,thrr ih;?n thi~ ~araFr:i~+h lil tinenfrr~r;ihl~ arc~,rdin~ to
their tcrmti. or all or an~ r~rl uf thc.unn ~r,urr~l hrr~•f,~ uni~,llrrt.~f~ir. „~hrn~~.r rn~~iclrci in (hr S~rurit} (n.lrumcr~t ~
and this Adjustable Rate Rider, c~r ~~f Jimini~hiug ~hc ~.iluc ~,f 1~_n~i: r'. ,,~!~nt}. tlicn Lcncler. at LerJer~c c~~ti~~n. m;~~
dc.lare ~,H sums ~ecurrd b}~ tii~ Scrurit}~ fmtrurnrnt tc~ h~ ~sr;rrir~li:uc I} cluc•:irtcl ~;~~;~hlr.
2` l~ ~A'lTtvL~S V!'!I[:ttl:~~f , t3~~rruurr hati ~~r.utrJ thi. ~1~liu~t:~hlr ila~r 12idrr.
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LOPiNIE M. GILLIAM ~
F~; ~-f th' ~ . _ f3-~no~.cr I
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, ~G~ PATRICIA L. GILLIAAi t3o•~o.ti~.,
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