HomeMy WebLinkAbout0923 s
pru~id~~1 hrrrit~, an~ Ihl am m~n:c ~u L~nar~ .hall tx gi~rn h~ fir~t .la.. nta~l t~? Lrn~lrr'. adJ~«..tatctif hcrr~n ur t~~.u.h
ulh« addr~y~ a~ l.rn~lrr n~a~ .Ir.i~;n:~~r h~ nul~~r t~? li~~r~uHr~ ~,n~~idr~) hrtr~n An~ nut~.•r rr~~~i~i~~l ti~r n? ~hi~ ti.ti•un1~
lmtrumrn~ .hall hr d~timrd t~~ ha~~ tktin ~;i~rn tu 13~~rmwrr u~ Lrn~ir~ w hrn gi~rn n~ ~I~r mannr~ J~.igna~~~l hrrr~n.
D, l;N1f~ORM SECURITI' ItitiTRU11FNT; (:OV~Rti1ti~G I.A~~'; SEVERAfl1I.IT1'
UnJ~~rn~ Cr~rnant I S uf ~hr 1~Y un~y In.~rumrnt i. amrnJ~Y1 r~ad a. ti,lh?v?.:
15. Uniform Security Instrument; GovcrninR I.s~w; Severabilit~. Th~. li~rm uf S~YUnt~ In.trumrnl rumh~n~~ un~turm
c~~~rnanis fi~r natiunal uK and n~?n-unil~?rm ~~,~rnai?h ~~ith Iiniit~Yi ~anali~?n, h~~ ~uri.dicuc~n to r~,n.~itutr a un~f~~rm
sc~urity inslrumrnt anrring r~al pru~xrl~- Ttn. ti~YUnt~ Imlrumcn~ ~hall tk gu~rrncci by t~~icral IaH :ind thr law~ ~,f thr
junuiictiun in N~hirh th~ 1'ru~xr~~ i. hkatcYl. In ~hr r~~nt th.i~ an~ ~ro~i.i~~n ~?r clau~~ uf thi~ Sctiurit}~ In.lrumrn~ ~?r !he
Nute runflirt. a~ith applirahlr la~~. ,urh r~?ntlirt ~hall m~t afTiY1 nthrr provi~i~~n. ~~f thi. ~tiurily (n~trumrnt ~~r Ihr N~~te
whirh ran be gicrn rtT~-~t a~ithr.ut th~ c~mflictiug pru~i.inn, and ~o ihi. cnd ~hr ~n~~i~i~?m ~,f ~hi. Sctiuritt~ In,trumcm and
i iic Noie :~r~ declarrd t~~ hr ~ rahlr.
E. TRAi`SFFR OF THF NRUPFRTI' OR A BENEFICIAI. 1NTEREST IN BORROWER
Unitorm Co~rnant 17 ~?f thr ~YUrit}• Instrumrnt i. amru~i~Yi tu r~ad as full~~~~.:
17. Transfer of thc Propert~• or a Reneficial Interest in Borrnw~cr. lf all ~u am~ part af the Ymperty or an interest th~rein
issold or tramferrrd h;• l3urro~~~rr (or if;~ tx:nrficial intrrc~t in B~~rra~~~~r i„uW ~~r ~ran~ferrcYl and t~~rn~~~~rr is not a natura)
peru~n ~~r ~xrs~ins but i. a rorExuati~~n. p.+rtn~rshir. tru.l ur ~~ther legal entit~•) ~~•ith~iut L~nder's prior writtrn c~~n.ent.
e~rluding fa? thr rrratiu~~ ~~I~ a lirn :~r rn~umhranr~ .utx~niinate ~u this S~YUrity Insirumrnt ~~hirh d~~c~ n~~t relatc t~~ a
tr:~nsfi:r af right~ of ~xcupanr~~ in thr rn?prrt~. (h) thr cr~an~,n ~?I a rurrha.r nwnr~ ,r~urit~ i~urr~,t ti,r huu,rhuld
applian~es. (r1 a transfer h~• dr~i.e, dcxent ur b~ u~xxr.iti~~n of la~c u~x,n ~he drath ~~I':i juint t~nant ~u (d) thr grant ~~f an~.
Irasehold imrr~~t ~~f thrc~c ~~ean ~~r Ir~s m~~ r~~ntaining an ortion tu purrha.c. Lendrr ma~~. at Lender's uption. dctilare all
the ~um~ ~~~urc~l hy ~hi~ S~tiurit~ In.trumrnt tu tx imm~Yliat~h~ dur and rayahlc.
if l.rnder rxerrisc~ xuch option tu arrrler.itr. Lender ~h:~ll mail E3urr~~wer n~uirr of arrclerati~~n in arcordance ~+•ith
~ragraph 14 hercY?f. Surh notirr ~hall pn~~•ide a rrricxf ~~t~ n~~t Ir.s than i0 days fri?m the datr the nutire it mailed wi~hin
~~hirh Burru~~~er may ra~~ ~hr.um~ d~tilareci dur. If Bi~rmw~rr f;iih ~,,i~~ ,urh .um~ prior to the ex~ir:iticm of ~urh ~xriixi.
Lender mav. ~~•ithow 1'urth~r noti~r or drnr.in~ un B~,rr~?~~•~r. im~~kr am~ rem~tilic~ rermittcYi h~~ paragraph 1 K hcreof.
Lrnder m~y ron.cnl t~~ a~I<<~r tramfrr if_ (1) Borre?~~rr rau~~w to he suhmit~ed Ic~ Lrndrr inti~rmation rryuired M~ Lcndrr
lo e~~alu:~tr the Iramferee a, if a nr~v loan wcre tking mad~ to the Iran.ferer: Lrndrr rrasonabl}• detcrminc~ that
Lender's s~xurit~~ w~ill n~~t be imrairrei and that the ritik uf a brearh ~~f any r~?~~enant or agrc~cmcnt in thi~ S~xuril~•
Ins~rumem is arr~ptable; intrrc.~t i~ payable ~~n the sum. uYUr~Yi b~~ thi~ S~-~urit~~ Inslrument at a rate acreptablr to
Lender, (~l) rhangc~ in thc term. oi~ the Note and this S~~urit~ Imtrument rryuireci by Lend~r are made, including, fi~r
exam~le. ~ ri~~dir adju~tm~nt in thr interc~t rat~, a difTerrnt fin.il pa~~mrnt Jat~ fi~r th~ luan. and additic~n ~~f unraid interc~+t
to prinripal; and (5) thr transferre sign. an as~um~tion agr~~cment that is arrcptahle tu Lender and that obligate~ the
tramferee t<~ keep all the pn?mitirti and agrermentc madr in thr Nutr :?nd in this Serurity Inslrument, ati mociifieci iF
requirrci b~~ Lender. To Ihe r~trnt ~xrmittrd h~ a~?rlirahle la~~. Lendrr ahi~ ma~~ charge a rcationahle ~cr ati a r~nditi~~n t~~
Leadcr's rcmxent t~~ an~~ ~alr ~~r t ran,fer.
&,rruw•rr ~~•ill continu~ to tx~ ~~hligate~l untlcr thc tiute and thi. Jrrurit~~ ln.trumrn~ unlc~~ Lender rrleaW.y Bcumw~~r in
writ~ng.
F. COVFNANT DEI.ETED
N~m-Unifiirm Co~enant ? 1 of the S~curit~ Inti~rumrn~ 1"Futur~ Ad~~in~r~"l is drl~ted. ~
G. LOAN CHARGES ?
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If thc lo:~n scYOreci h~ the S~~uril~~ inxtrum~nt i~ whjc~.~ t~~ a la~~ hirh ~ets maximum I~~an rhargc~, and that la~~ is tinalh !
interpreteei s~~ that thr ~nterc~t ur <~thrr I~~an rh.irg~~s rollertr~ ur t~~ tk r~~ll~cted in ronn~rtion ~cith the I~~an rrreecl
~xrmitted limits, then: { 1) ~ny ~urh l~~an rharge ~haU be redu~ed b~ th~ .~nu~unt nerc~sar}~ te~ redure the charge t~~ the
permitted limit; and (2) an}~ xums already r~~llertcd trom B~~rn?~~er ~?hi~h ~x~«ded rermiued limit~ will be refunded t~~ ~
€ &~rro~ver_ Lender ma~~ ch~wse to make thi~ refund b~ reduci~~g the rrinriral e~wed under thr N~~tc ~~r h~• making a dir«t ~
~ pa~~mcnt te~ f3arrower. If a ref~und reduce~ pnnriral, the redurtion w•il) tx ~reatrd a~:~ rarti:~l pre~a~~m~nt under the Nc~te. 1
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; H. LEGISI.ATIO;V
3 It. aP1er Ih~ date here~~f. ~n.frim~nt ur expir.etiim c~t~a, rliraM~ I.i~vs ha~e the etTert rithrr rrndering the rm~ itii~~n~ i,t~ thr
Note, ihr Srrunty~ Imlrumrnt c~r this Adju~tablc R:~te Rider (other than thiti raragraph H) unenf~~rr~able arrording t~~ ~
~ their term~. e~r all or:~ny p~rt of the sums serured hereb~• unre~llertable. a~ ~?then~ise ~r~n•idrd in ~he Sc~urit~ Intitrument ~
:~nd this Adju~table Rate Rider, ~r c~f diminishing thr ~:tlue i~f Ixnder'ti se~urit~~. then Lcnder. at Lender'x ~~~ti~~n. ma~~
~ declare all wmti.ecureci b~~ the Serurity In.trument te~ tk i~nmediatel} due and ra~abl~.
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1'~ WI 1`Ftiti W11t~.ttFt?1. B~~rrow•rr has rxrcul~d thi~ Adju~~ablr Ratc Ridrr.
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~983 Oci 3~ CHESTER F. SAGNER~ SR. eorrower
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S:t: L,~1:.. .p,cc.G~sr..... ~ ............................(~r:~l)
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` C'. ~ ' ~ ~ ' ~ ~ ~ ELYN H. SAGNER eo~?owe~
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_ E~orro+~er
(Srkn On~m.?l Onlyl
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PlAN 6 RIDER Smgle Famdy 9/82 FNMA U~if~n~ I~:tn~e~t ~
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