The URL can be used to link to this page

Home My WebLink About0951 ~,c1.a.~.c, ~.~t. ~ . ~~i fiith coatat auch lien by, or dekad ajai~w enfo~+oemeat ot ~uct~ lien in, le=al prooeediaZt w?hid~ in the opiuion of Lender opeate w prcvent tbe eaforameat of the lien or forfeitw+e of the Property or any part tl~eroot; or (c) ~all :ecure fmm the holder of auch liea an a~roement in a torm satisfactory w Lender wbordinatin~ such liea to thia Sewrity Instrument ~ If Lender detenuinca thac all or any part of the Pr~perty ia subject a a licn wnich may attain a priority~ over tl~is Securiry Iasuumeat, l.ender shall give Bornower a notia idendfjring such lien. Borrowec shall satisfj? such lien or talce oAe or mo~e of the actioas set forth abovo within ten days of the giving of tbe notia. G NOTiCE ~ Uniform Coven~nt 14 of the Secur.-~ • 1• ~~riment is amended to read as follows: 14. Notica Exapt for any notice required uad~r applicable law to be given in another manaer, ( a) any notia to Borrower provided for in this Security inscrumeat shall be givea by delivering it or by mailiag i[ by first dass mail to Borrower at the Propeny Address or at such other address as Bornower may designate by aotia to Lender as pmvided herein, and ( b) aay notice to Lender shall be. given by ficst class mail to I.ender's addrcss stated herein or to such ~ other address as Lender may designate by nocice to Borrower as provided herein. Any aodce proyided for in this Security Instrumenc shall 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: iS. Unifocni Security [astruaseat; Governiag l.aw; Severability. This form of Security Instrument o~mbines uniform oovenants for national use and non-uniform o~venants with limited variaaons by jurisdiction to o~nsatute a uniform security instrument oovering real property. This Security Inswment shall be governed by Federal law and the law of the jurisdiction ia which the Property is located. In the event that any provision or clause of this Security Inswment or the Note oonflicts with applicable law, such oonflict shall not aflect other provisions of this Security Inswment or the Note which can be given effect without the oonflicting provision, and to this end the provisions of this Security Instrument and the Note are declared to be severabte. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST iN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Traosfer of the Pro~erty or a Beneficial Interest in Borrower. If all or any part of the Property or an inte~+est therein is sold or transferned (or if a beneficial interest in Borrower is sold or vansferred and Borroaer is not a aatural ~ person ) without Lender's prior written oonsent. L.ender may, at I.eader'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 f eaercise is not authoriud by Federal law. ! ~ If Lender eaercises such option to aocelerate, Lender shall mail Borrower notice of aooeleration in aooordanae 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 faits to pay such sums prioi to the expiraaon of such period. Lender may, without further nouce or demaad on Bornower, invoke any remedies permitted by paragraph 18 hereof. - _ Notwithstanding a sale or transfer, Borrower will ~onpnue to be obligated under the Note aad this Secutity Inswment unless Lender has released Borrower in wriang. F. LOAN CHARCFS If the loaa secured by the Security Instrument is subject to a law which sets maximum loan charges, aad that law is finally interpreted so that the interest or other loan charges oollected or to be oollected in oonnection with the loan exaed permitted limits, then: (1) any such loaa charge shall be reduced by the amount neoessary to reduce the charge to the permitted limit; aad ( 2) any sums already oollected from Borrower which exoceded permitted limits will be refunded to Borrower. Lender may choose to make this refund by ceducing the principal owed under the Note or ~ by making a dir+ect payment to Bomower. If a refund reduces principal~ the reduction will be treated as a partial E prepayment under the Note. ~ IN WrtnESS Wx~e~, Borro~ver has executed this AdjusUbk Rat~ Rider. i 62~2 . ` w ; ~3 S~P - I P~' ~~5'S ':evii s'~$il l i ngsl ey........ .....(Seai ) r -e«.~. ; FILfC ~tit' ~'r;;~ : r• ' ~f A~fy4.'J~LnG.il/ ~ 51.1UClF Ct~~' ..«~7"" ~ : .(SC81) . ~ r?nc:_r~~ ~E-: M. Billingsley ctn;?: c~G;,',.- -eorrow.r ~ , , • . : ~ ~ ~ Seal ) -eorrower - - (sr~ ap~nai anhl iw , BtX~K 410 P~.GE C • r~. _ ~ ~ ~"ri.z'~~:s+.ser, _ . . -.~;.~,*3.F~s. ~~~ti:;~~':..~i",' . _ _