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faith eontest such lien by, or defend against enforameat of such lien in, legal proaediags which in the opiaion of
l.ender operate to prevent the e~,furixm~ni ~f the titn or forCeiture of the Property or any part thereof; or (c) shaU
securc from the holder of such lien an agreement in a form satisfactory to Le~de~ subordinadng such lien to this
Security Instrument.
If Lender determiaes chat all or any patt of the Properry is subject to a lien which may attaia a ptioriry over this
Securiry Instrument, L.ender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take
one or more of the actions set forth above within ten days of the giving of the notioe.
C. NOTICE
Uniform Covenant i4 of the Security Instrument is amended to read as fullows:
14. Notica Eacept 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 Property Address or at such ocher address as Borcower may designate by notice to Lender as provided
herein, and (b) any notice to Lender shali be given by 6rst class mail to Lender's address stated herein or to such
other address as Lender may designate by notice to Borrower as provided herein. My notice piovided for in this
Security Instrument shali be deemed to have been given to Borrower or Lender when given in the manner designated
herein. s~c~y~ ~
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D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABIWTY -4 ~ 3~ 43
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Uniform Covenant IS of the Security Instrument is amended to read as follows: st.tt~ciF tt.,•~=: ;
R~G_ R f •~1 ~ t= :
15. Uaitorm Security Instrument; Governit~g Law~; Severnbility. This form of Security IQs rti~t~~t~6f~ili~hfe~:t~nif rm
covenants for national use and non-uniform covenants with limited variations by jurisdicqonlf~ b(iristitute a uniform
security instrument mvering real property. This Security Instrument shall be governed by Federal !aw and the law of
the jurisdiction in which the Property is located. ln the event that any provision or clause of this Security Instrument
or the Note conflicts with applicable law, such oonflict shall not affect other provisions of this Security Instrument or
the No[e which can be given etfect without the oonflicting 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 BENEFIC[AL INTEREST IN BORROWER
Uniform Covenant 17 of the Security Instrument is amended to read as follows:
17. Traasier ot the Property or a Beneficial Interest.in Borrower. If all or any part of the Property or an interest
~ therein is sold or transferred ( or if a beneficial interest in Borrower is sold or transferred and Bonower is not a natural
person ) wi[hout Lender's prior written consent, Lender may, at Lender's option, declare all the sums secured by this
; Security Instrument to be immediately due and payable. However, this option shall not be eaercised by Lender if
~ eaercise is not authorized by Federal law.
~ If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
i 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 to pay such sums prior to the eapiration of
~ such period, Lender may, w~~i~uut further notice or demand on Borrower, invoke any remedies permitted by
~ paragraph 18 hereof -
~
~ Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security
~ Instrument unless Lender has released Bonower in writing.
~
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4 F. LOAN CHARGES
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~ If the loan secured by the Security instrument is subjea to a law which sets maximum loan charges, and that law is
a finally interpreted so that the interest or other loan charges coltected or to be collected in connection with the loan
;
= exceed permitted limits, then: ( I) any such loan charge shall be reduced by the amount necessary to reduce the
~ charge to the permitted limit; and ( 2) any sums already oollected from Borrower which eaceeded 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 partial
prepayment under the Note.
` IN W[TNESS WHEtEOF. Borrower hs~s executed this Adjustable Rate Rider.
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