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HomeMy WebLinkAbout0969 . T 1 . ~ ~ I Il 1 • ~ ~7~~ ` ! .j ~ ~ ~ ' • fiith ooatest such liea by. or dekad a~aiast enforameat of :uch liea ia, k~at q+ooeedin~ Mhid~ in tl~e optaion of l.ender operate to preveat the eatorameat of the liea or forfeiture of the Property or aay part tl~eroof; or (c) ~aU securc from the halder of such liea an a~reement ia a form satisfictory to Lender wbordinatia= aucb lien to this Securiry Inswmea~ If Leader determin~s that all or aay psrt ot the Property is subject to a lien which may atuin a priority over this Security lnstrumeat, Lender ahall Qive Borrower a aotia identifyinY such lien. BorroMer shall utisfy such liea o~ take one or mon of the actioas set forth above vvithin ten days of the giving of the noua. C. NOTlCE UniCorm Covenant 14 of the Securiry Instrumenc is ameaded to read as follows: 14. Notiea Faccept for aay noace required under applicable law to be giveo in another manaer, ( a) any notia to Bornower provided for in this Security Instrument shall be givea by delivering it or by mailing it by first class mail to Borrower at the Pcoperty Address or at such other addcess as Borrower may designate by notia to Lender as provided herein, and ( b) any notice to Lender shall be given by first class mail to Lender's address stated herein or to such . other address as Lender may designate by notice to Borrower as provided herein. Any notia provid~d for in this Security Instrument shall be deemed to have beerr givep to Borrower or Lender when givea in the manner designated herein. D. UNIFORM SECURITY INSTRUMENT; GOVERNlNG LAW; SEVERABILITY Uniform Covenant 1 S of the Security Instrument is amended to read as follows: 1S. Uaitorm Security lastrumeat; Governiag l.aw; Severabilltp. This form of Securiry Instrument oombines uniform oovenants for national use and non-uniform oovenants with limited variations by jurisdictioa to o~astitute a uniform security instrument o~vering real property. This Securiry Instrument shall be govemed by Federal law 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 oonflicts with applicable law. such oonflict shall not affect other provisions of this S~curiry Inswment or the Note which can be given etfect without the oonflicting provision. and to this end the prorisions of this Securiry Instrument and the Note are declared to be severable. ~,y-~ZC~~~ s•!'pss a7MGrp E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTERFST IN BORROWER '''3 23 P~t 3~ j: ~ Uniform Covenant 17 of the Securi Inswment is amended to read as follows: <Hr : ~ tY t ~C': r.~ur' i'a. ~~(:[,'.'F F'C.~'t': S ~ ~ 17. . Traaster of t6e Property or a Beneficial~ Interest in Borrower. If all or any part of the Pro~eky ~~6~i i~t~t ; therein is sold or transferred ( or if a beneficial interest in Borrower is sold or transferred and Botrbatt is dot a natural ~ person ) without Lender's prior written oonsent, L,eader may. at Lender's option, declare all the sums secured by this i Security Instrumeat to be immediately due and payable: However, this option shall not be exercised by I.ender if exercise is not authoriud by Federal law. ! j If Lender exercises such option to aooelerate, Lender shall mai) Borrower notice of aoceleraaon in aocordana 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 fails to pay such sums prior to the expiration of ~ such period, L.ender may, without further notice or demand on Borrower, invoke ~ any remedies permitted by paragraph 18 hereof. ~ Notwithstanding a sale or transfer, Borrower will oontinue to be obligated under the Note and this Security E Inswment unless Ixnder has released Borrower in writing. ~ LOAN CHARGES ~ If the loan secured by the Security Instrument is subject to a law which sets mauimum loan charges, and that law is : ~ finally interpreted so that the interest or other loan charges oollected or to be oollected in ooanection with the loan ~ excxed permitted.limits, then: (1) any such loan charge shall be reduad by the amount neoessary to teduce the ~ charge to the permitted limit; and ( 2) any sums already oullected from Borrower which eaaeded permitted limits will be refunded to Borrower. Lender may choose to ma~e this refund by reducing the principal owed under the Note or ` by making a direct payment to Borrower. If a refund teduoes prinapal, the reduction will be trtated as a partial prepayment under the Note. . a - IN WRNESS WHEZEOi, Borrower 6sis executed t6~s Adjustabk Rate Rider. . ! . . 19~ l,ti~C 3 I ~~E 8 56 ~ `~Y. : l'~'~:'4~~`~~ J.t : . . 1'N• Y F?~R~~ , FlLfC ~NC r.-^~l~:a • ~'~bM~'3_` .:1 ; Si.lI:C~E CC."~' . ~ ~ ~ ~ - E ~%('GrFf'~11f•'.~.~ ~cc ~ r.~ ~/!c`1~! ~ v , ~ ctt ?.r. cr~ct,~r- ~ = ~ . . ` . ~ ~r . t t '7 ~ ~ :;;.j.... gp(~~~ . } F ~~Q s~ . E r' '~,u?,1~~, ~ V _ (Slpn Orly!na/ OrMp1 ~ - ~ ~ ~oo~ 410 pacE ~1 - -t ~~i r~~ ~ 'cr ~ _ R r l Jl ~ - . _ ~ , ~ ` ' _ _ ` . . ~ "