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HomeMy WebLinkAbout0959 . _ ~ ~ r'_-._.`w.s'.~r^~~_,~„~~,a+ Y~w+- -v-i_"^~~Q. ~-.~am"'-+a.-e~+e~-_--...w.~r~... „`s,~'~-.-_'. . -.'-~c:'n~'~rT!'~'7Ar' _ . . . ~ . ~ i~OTICB Unitorm Covcnani 14 otthc Security Instrument is amendod to read as followa: 14. Nofice. Faccept for any noticc required under applicablc law to be given i~ another manner. (a) any notice to Borrow~e~ provided tor in this Security lnstrument shall be given by delivering it or by mailing it by first class mail addressed to Borrower at the Property Address or at such other address as Borrovrer. may daignate by notice to Lender u provided herein. and (b) any notice to Lendu shall be given by first class niail to Lender's address stated herein or to such other address as Lender may designate by natice to Bonower as provided herein. Any notice provided tor in this Srcurity Instrument shall be deemed to have bcen given to Borrower or Lender when given in the manner designated herein. . D. UNIFORM SECURITY 1NSTRUMENT; GOVERNING LAW; SEVERABILITY . Uniform Covrnant 1 S of the Security Instrument is amendcd to read as lollows: l5. Unitorm Secu~ity Instrument; Coverning I.s~K; Severability. 'I'his torm of Security lnstrument combines uniform co~~enants for national use and non-uniturm co~•enants w~ith limited variations by jurisdiction to constitute s unitornn security instrumcnt co~ering r~al property. This Security Instrument shall be governed by federal law and the law ot the - jurisdiction. in which the Property is located: In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law~ such conflict shall not~aRect other provisions of this Security Ir?strument or the Note , w~hich can be given eftect without the conflicting 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 BENEFICIAL INTEREST IN BORRO~VER Uniform Covrnant 17 of the Security Instrument is amended to read as follovvs: , Traasfer of t6e Property or a-Beneficial Interest in Bo~rower. If aU or any part ot the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without I.ender's prior written consent, Lender may, at I,ender s option. declare all the sums secured by this Security Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if exercise is not authorized by Federal law. _ _ If Lender exercisa such option to accelerate, Lender shali mail Bonower notice of acceleration in accordance with . ~ paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed aithin - which Horrower may pay the sums deciared due. If Bonower tails to pay such sums prior to the expiration of such period, ; Le~der may~ without furiher notice or demand on Borrower. invoke any remedia permitted by paragraph 18 hereof. Notwithstanding a sale or transfet, Borrower wil) continue to be obligated under tht Nott and this Security Instrument unless Lender has released Borrower in writing. F. COVENANT DELETED • 'Non-Uniform Covenant 21 of the Security Instroment ("Future Ad~ances") is deleted. G. LOAN CHARGFS If the loan secured by the Security Instrument is subject to a law which sets maximum loan charga. and that law is finally . interpreted so that the interest or other loan charges collected or to be collected in connechon With the loan exceed - ' permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge to ihe permitted limits; and (2) any sums already collected from Borrower which exceeded permitted limils wiU be refunded to - ~ Borrower. Lendr.r may choose to make lhis retund by reducing the principal owed under the Note or by making a direct ~ payment to Borrower. lf a retund reduces prin~ipal, the reduction will be treated as a parteal prepayment under the ayote. i ~ H. . LEGISLATION ~ It~ atter the date hereof. enactment or expiration of applicable laws ha~•e the effect either ot rendering the pro~•isions of the ~ I~ote. the Security Instrument or this Graduated Pa~ ment Rider (other than ihis paragraph H) unentorceable according to their terms, or all or any part of the sum; secured hereby uncollectable. as otherwise pro~~ided in the Security Instrument ~ and ihis Graduated Payment Rider. or of diminishing the value of Lender's security. lhen L.ender. at I.ender's option. may declare all sums secured b} ihe Security Instrument to be immediately due and papable. . _ ~ IN W1T:~tESS WHEREOF. Borrow~er has executed this Graduated Payment Rider. ~ - ~ R~CORDE~ ~.;z~uc. ~ UC1E C~JUNTY.F~ ~ ¢ $j, L .~s~a~) 6`~~ ARTHUR G. CNENOWETFI =8orrower . E ; \ . . ; 2 ~ , . ' a R P 3 ~ 3 9 r~' (j" JbAt~'I~f ~'C ~ENO~~Y"" 't.~"'`~''d"~.1.....L . ......................................(Scaq ~ ~ MA F py~~ -Borrowet O " : ,~~i~ Ct~RK ~ C1R~~17 OUR~i ~ -Borrower ~ jSign O~igina/ O/~JJ~J ~ i s r ~ F € ~ ~ ~ ' n i ~