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faith contest such lien by, or defend against ~nforamtnt of such lien in, legal pcnoeedings which in the opinion of
Lender operat~ tu prevent the enforcement of the lien or forfeiture of the Property or any part thercof; or (c) shall
securc fr~m the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this
Security lnstrument.
If Lender determines that ali or any pan of the P~operty is subject to a lien which may attain a priority over this
Security lnstrument, Lender shall give Borrower a notict identii'ying such lien. Borrower shall sacisfy such lien or take
one or more of the actions set forth above within ten days of the giving of the noace.
C. NOTICE
Uniform Covenant 14 of' the Securicy lnstrument is amended to read as follows:
14. Notice. Except for any notice required under applicable law to be given in another manner, ( a) any notia to
Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail to
Borrower at the Propeny Address or at such other address as Bonower may designate by notice to Lender as provided
herein, and (b) any notice to Lender shall be given by first ctass maii to Lender's address stated herein or to such
other address as Lender may designate by nocice to Borrower as provided herein. Any nocice pmvided for in this
Security lnstrument shal! be deemed to have been given to Borrower or Lender when given in the manner designated
herein.
D. UNlFORM SECURITY INSTRUAIENT; COVERNING LAW; SEVERABILITY
Uniform Covenant IS of the Securit}• Instrument is amended to read as fallows:
1S. Unitorm Security Instrument; Governing l,a~; Severability. This form of Security Instrument oombines uniform
mvenants for national use and non-uniform oovenants with limited variations by jurisdiction to oonstitute a uniform
security instrument oovering real property. This Security Instrument shall be governed by ~ederal law and the law of
the jurisdiction in which the Property is located. In the event that any provision or clause of this Secusiry lnstruanent
or the Note vonflicts with applicable law, such conflict shall not affect other provisions of this Security Insttument or
the Note which can be given eH'ect without the conflicting provision, and to this end the provisions of this Security
Instrument and the Note are declared to be severable.
E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
Uniform Covenant l7 of the Security Instrument is amended to read as i'o{1ows:
17. Transfer ot the Property or a Beneficial Interest in Borrow~er. If atl or any part of the Property or an interest
i therein is sold or transferred ( or if a beneficial interest in Borrower is sold or transferred and Bonower is not a natural
person ) without Lender's prior written consent, Lender may, at Ixnder's option, declare all the sums secured by this
j Security Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if
! exercise is not authorized by Federal law.
I If Lender exercises such option to accelerate. Lender shall mail Borcower notice of ac,~eleration in acoordance 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 Bonower Fails to pay such sums prior to the expiration of
~ such period, Lender may, wichout further notice or demand on Borrower, invoke any remedies permitted by
~ paragraph I8 hereof.
~ Notwithstanding a sale or transfer, Borrower w~ill oontinue to be obligated under the Note and this Security
f
~ Instrument unless Lender has released Borrower in writing.
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~ F. IAAN CHARGES
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~ If che loan secured by the Security Instrument is subject to a faw which sets ma.umum loan charges, and that law is
~ finally interpreted so that the interest oc other loan charges cotlected or to be ooliected in connection with the loan
~ exceed permitted limits, then: any such loan charge shatl be reduced by the amount necessary to reduce the
~ charge to the permitted limit; and ( 2) any sums already col(ected 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 Borrower. If a refund reduces principal, the reduction will be treated as a partia!
~ prepayment under the Note.
IN WfCNFSS WHE~EOF, Borrower has executed this Adjustable Rate Rider.
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CNARLES S. VAN HOUTEN -eorrower
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' • E 4 " ~ ' ~ Q~ ROBERTA G . VAN HOUTEN -Borrower
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