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HomeMy WebLinkAbout0955 . ~ 1. ' , faith oontest such lien by, ur defend against enforcement of such lirn in, legal proceedings which in the opinion of Lender operace co prevent the enforcement of the lien or forfeiturc of the Property or any part thercof; or ( c) shall secure from the holder of such lien an agreement in a form satisfactory to lxnder subordinating such lien to this Security Instrument. If Lender determines thac all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Lender shafl give Borrower a notice identifying such lien. Bonower shall satisfy such lien or take one or mare of the actions set forth above within ten days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security lnstrument is arnended to read as follows: 14. Notice. Except for any notice required under applicable law to be given in another manner, ( a) any r.otice to Borruwer provided for in this Security Instrument shall be given by delivenng it or by mailing it by first class mail to Borrower at the Propeny Address or at such ather address as Bon-ower may designate by notice to Lender as provided herein, and ( b) any notice to Lender shall be given by first class mail t~ Lender's address stated herein or to such other address as Lender may designate by notice tu Borrower as provided herein. Any notice provided for in this Security Ins~rument shall be deemed to ha~•e been given to Borrower or Lender when given in the manner designated herein. D. UNIFORM SECURITY INSTRI~MFNT; GOVERNING LA~4'; SFVF,RABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: I5. Unitorm Security Instrument; Governing Law; Severability. This form of Security tnstrument combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniforrn secunty instrument covering real property. This Security Instrument shall be governed by Federal law and the !aw of the jurisdictiun 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 conflict shall not affect other provisions of this Security Instrument or the Note which can be given efiect w~thout the conHicting nrovision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. F. TRANSFER OF THE PROPERTl' OR A BENEFICIAL INTEREST 1N BORROWER Uniform Cuvenant I7 of the Security Instrument is amended to read as follows: I 17. Transfer of the Property or a Beneficial [n~erest in Borrower. If all or any part of the Property or an interest ttierein is sold or transferred ( or if a beneficial interest in Borrower is sold or transferred and Ronower is not a natural i person ) without Lender's prior written consent, Lender may, at Lender's option, declare all the sums secured by this i Security [nstrument to be immediately due and payable. However, this option shalf not be exercised by Lender it E exercise is not authorized by Federal law_ ~ lf Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with ' paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed E within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of ; such period, Lender may, without further notice or demand on Borrower, invake ~ny remedies permitted by ~ paragraph t 8 hereoC ~ Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security ~ Instrument unless Lender has released Borrower in writing. F. LOAN CHARGES ~ If the I~an secured by the Security Ir.strument is subject to a law which sets maximum loan charges, and that law is ~ finally interpreted so that the interest or other loan charges collected or ro be collecred in connection w•ith the loan ~ exceed permitted lir~its, then: ( I) any such loan charge shall be reduced by the amount necessary to reduce the ~ charge to the permitted limir and ( 2) any sums a{ready collected 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 pnncipal, the reduction will be treated as a partial I ~ prepayment under the Note. l:v Wrrtvess VVNE~eoF, Borrower has execut ~ pis Adjustable Rate e ~ " I ~ ~ ~ " Y ~ . . Seal ) ; 1~exander..K..min. k.~... . ~~o~ • , - ~ , : ) ! ~ 1,1tt' ~ C~ ~ t . . . ~ ~ ~.L...~ r Seal ) ~ .......tR ..ri J _ K .m i. k.~ -eoROw~ ~ ~ Seal ) ~ . -Borrower (Sign OriDina/ Only) d00K ~O~ PAGE - ~ ' -„c ~ _-.r.a~ z r: _ a "a',~'"`~_~^'~s''.~`z'~,~'a'~"