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ground sw?t~, i~ ~n~r, in th~ w~rx~,I~rovid~d un~sr pua9c+iM~ 2 Asreot ~,,,~ut P~id in ~uch rnrbr ' ,
wkirq Pay~+t• wMn dus~ dic~ctl to th~ 6orrowsr
r p~~ns th~r~of. 9orsowr ~hall pra~ptly tusniah to lendsr ~11 noticw
ot a~ounts du~ ~nd~s tAi~ pu~geaph, and in t1~ wsnt 8orrowss ~hall rla p~yMnt Qisectlr. 9orrowr ~hall
pra~ptlr turniah to Ls~dss reosipt~ evid~ncinq woh p~y~nt~. 8oreowe ~hall pra¦ptly di~charg~ arry lien Mhich
has peiority owr thi~ Sscuritr Inatru~s~ti twMSVSr, 8orcower sM1i ~o! bs cequir~d to dlrchar~s arry such li~n ac
lo~q as 8orroMSr: M~11 ~gcee in ~rritirq to tM pay~snt ot ths obliq~tian Ncured b~r euch lien 1n • Mrr~sr
accept~ble to Lendsr; (b) ~hall in 9ood tdth contest such lisn b~r, or dst~nd ~gainst enforce~rnt of ~uch 11en
in. lsgal procssdings whid~ in tM apinion ot Ls~dsr operate to prevent ths enforcersnt ot th~ lien or forfeiture
of ths Prapsrtr or an~r part thsreof; or (c) sh~ll ~scure fro~ ths h~~dsr of ~uch lisn an agres~snt in a for~
satisf~ctotyr to Lsndsr subordin~ling such lien to this Sscusity Irntru~s~t.
If Le~der dster~in~ that all or arry pu~t of ths Propsrtr is s~b3sct to a lie~ ~ich ~sy ~tain • peioritr wer
this Security Instr~ent~ lendsr sha11 give Borrowsr • notios idsntlfyirg wd~ lien. 8orroMer ahall sati.rr ~,on
lien or take ons or ~ore of ths ~ctians sst forth abovs within ten dars at ths givirg of ths notics.
C. IOTICE
Unifor~ Covenant 14 of tM Security Inetru~snt ia wsndsd to read as follaMSs
1~. litip. Except for any notice rsquired udsr appliceble law to bs given. in arwther ¦srr~er, (a) erhr notice
tv Borrower provided for in thia Sscurity Instru~s~t ehsll be given b~r dslivering it or ~siiing it by ticst c2ass
wail to BorroMSr rt ths Propertr Address or at suM dhsr addcesa as Borra~er ~y designate bp notics to Lsnder
es pcovided Mrsin~ and (b)• any notioe to Lender ehell be givan bq tirst class ~eil to Lander's ~ddres~ st~tsd
herein or to auch othsr address as lsnder ~sr deaignete bp notice to BorcoMer as provided hersin. Any notics
providsd for in this Sscurit~r Instruwe~~t shall be dee~sd to havs been given to BorroMer or Le~de~ whsn given in ~
the ¦srnsr designeted herein. _
0. IM~~1 S~ITY DISTRIlEIIT; ~ME11NLi l/rl; ~YERIIBILITY
Unifor• Covenant 15 of the Security Instru~t is a~ended to read as fol2oKS: ~
t5. I~tifoes S~aitp LstrtaMt; 6~wrniry Lari S~wtab~ility~ This for~ of Security Inetru~ent cabines unifor~
cove~ar~ts far r~ational uee and rw~-unifors covenants Mith li~ited viriations b~? 3urisdiction to co~stitute a
unifo;~ security instru~ant covering rsal property. This Security Instru~snt shall be governed bp Fsderal law
: end the laM of ths 3uriedictian in Mhich the Property is located. In the_eve~ that any proviaion or clause of
thia Security Ir~stru~ent or the Note co~flicta rith applicable law, such conflict ahall not affect other
provisfons of this Security Instr~aent or the Note ahicfi can be given effect Nithout ths ca~flicting provision~-
and to this end the provisio~s of this Security Instru~er?t ard the Note.are declared to be severable.
E. TRANgE~ ff T!E PI~ERTY t~ A~lEFICLIL D(iENEST I!! B~IIIQER
Unifor~ Covanant 17 of the Security Irretru~ent is a~end~ed to read as folloMS:
77. Transt~ of tIM hap~tr ot a 8wrficial InRusd in Baeraier. If all or any part of tha Property or an
interest therein is eold or transferrad (a~ if a beneficial intareet in BorroMer is sold or transfarred and
Borroreer ia not a ~etural persan) Mithout Lerder'e prior written coneent, lisnder ~sy, at Lender•s option~ declare ~
all the su~e secured by thia Security Inatru~ent to be iwediately due erd payable. lbwever, th;ts option shall
not be exarciaed by Lerder is axercise is not authorized by Federal law.
If lender exarcises such optian to accelerate, lender shell wail 8orro+rer notice of acceleration in accordence
Mith parsgreph 14 hereof. Such notice ahall provide a pariod of not lese than 30 days fra~ the date ths r~ice
is ~eiled within ~+hich Borro~eer ~ay pay the su~e declared due. If Borrower fails to pay such su~s prior to the
expiration of auch period, lender ~ay, nithout.further ~otice or de~and on Borrower, imroke any rewedies
per~itted by paragraph 18 hereof.
NotMithetanding a sale or kransfer, 9orroMer rrill continua to ba obligated inder the Note and thie Security
Instruwent unless Lender t?ae released BorroMer in ~rriting. .
F. LQIW dM~S
If the loan secured b~r the Sacurity Inetrwient is subfect to e la~+ rhich eets ~exi~w loan d~argea, and that lea
is finallr interpreted eo thet the i~terest or other loan charges collected or to be collected in cax~ection with
the losn exceed per~itted li~tts, then: (1) eny such loan d?arge ehall be reduced bp the e~ant neceseary to
reduce the charge to the per~itted lisit; and (2) arry suss alresQy collecteQ fro~ Borro?+er Mhich exceeded
per~itted lidts Mill be refinded to 6orcower. le~der ~ey dwoae to ~a1ce thia refu~d by reducirg the pcincipal
oNed undsr the Note or br weicing a direct pay~ent to 8orroMer. If a refund reduces principal, the reductian Mill
be treated as a partiel prepay~ertt ~nder'the Note.
DI MITIE'S6 1~, Botra~~ !MS ~oa~t~i thiit M(~lab7~ R~ Riir.
640866
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