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HomeMy WebLinkAbout0970 , G NOTICS . . ~ Uniform Covenaut l4 oithe Security Iastrumeat is anaa~ded to nad as loUwvs: - 14. iVodce. Exoept for any notioe required under appticabk lawr w be aiven ia arather manner, (a) aay ~otia to Bornuwer provided fa in thi: 3ecwity Inatn~meat s6a1! be Siven Dy deliverinE it or by mailins it b~r IIrat cla~s mail sddressed to BorroMec at tbe Property Addreas or at such other addrees ae Borrowrer aaay deai~te by notioe to La:der as provided hereia. aad (b) any notioe w I.ende~` shap be givea by Rnt clnaa aa~W to I.mder's sddreas ~tsted herein or to such other address as I.ender may desigaate by notioe to Horrower as provided herein. Any notioe provided fo~ in this Security lnstrument shall be damed to have ban given to Borrower or Lender when given in the manncr deaigaated heran. D: UNIFORM SECURITY INSTRUME~V'!; GOVERNING LAW; SEVERABILITY Uniform Covenaut 1 S of the Socurity Instrumcnt is amcnded to read as follows: ls. U~iforr Secwity Ia~dv~ea~ Go~er~i~ I.~w; Se~erabllitp. This form of Socarity lnstruma~t combina uniform , covenants for nstional use end non•uniform covenants with limited variations by jurisdiction to constitute~a uniform security instrumrnt covering real property.l7~is Sccurity Instrumrnt shall be governed by foderal law and the lsw of the - jurisdiction in wWch th~ Prope»y is located. In the event tbat any provision or clause of tlis Socwity Inatnunent or the - Note conflicts with applicabk law, such conQict shall not affect other pm~isions of this Socurity lnatrument or the Note which can be given effect without the conflicting provision. and to this end ihe provisions of this Secnrity laatrument and the Note are declarod to be severable. - E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Unitorm Covenant 17 of the Socurity Instrument is amended to read as follows: _ Trsnster o! tbe Pro~erty or a Ben~Bcia! Interat in Borrower. If all or any part of the Property or an interest therein.is sold or tmnsferrod (or if a beneficial interest in Borrower is sold or transferrod and Borrower is not a natural person) withont I,ender's prior written consent, Lender may, at Lender's option. declarc all the sums sacurod by this Secwity Instrument to be immediately due and psyable. However, this option shall not be eaercisod by Lender.if eaercise is not authoriz~d by Foderal law. . If Lender exercises such option to acc~lerate, Lender shall mail Bonower notice of acceleration in accordanoe with paragraph 14 heroof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed ~vithin which Borrowermay pay the sums declarod due. If Horrower fails to pay such sums prior to the expiration of such period, i ~ L.ender may. without further notice or demand on Borcower, invoke any remedies permittod by paragraph 18 henvf: Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Socwity Instrument unless La~der has rdeased Borrower in writing. F. COVENANT DELETED . ~ Non-Uniform Covenant 21 of the Socurity Instrument ("Future Advances") is deleted. G. LOAN CHARGFS I If the lo~an socurod by the Socurily Instrument is subject to a law w6ich sets maximum loan charges. and that law is 5nally i interpreled so that the interest or other loan cfiarges collerted or to be coUected in connection with the laan eaoood - permitted limits, then: (1) any such lo~n charge shall be reducod by the a~nount nxessary to roduce the charge w the permittal limits; and (2) any sums alresdy collected from Borrower which exceedod permitted limits aill be refundod to f Borrower. Lender may choose to make this refund by roducing the principal owod under the Note or by making a direct ~ payment to Borrower. If a rtfund roduces printipal, the raluction will be treatod as a partial prtpaymrnt undtr the Not~. ~ ~ H. LEGISLATION ~ If, aRa the date hereof, enactment or eapiration of applicable laws have the effect either of rendering the provisions of the ~ Note, the Socurity Instrumcnt or this Graduatai Payment Rider (other than this paragraph ~ unrnforceabk according to their temu, or all or any part of the sums socurod hereby uncollectable, as otherwise provided in the Security Instrument and this Graduatod Payment Rider, or of diminishing the value of Lender's socurity. then I.ender. at I,ender's option, may declare all soms secured by the Security Instrument to be immediately due and payable. = IN WrrtvESS WHEItEOF. Bonower has eaecutod this Graduatod Payment Rider. ~ H. ~ . ..........................................:Borroarer, - ~ ; . . .~a ~ ~ _ -8orrower RECOR{~ED S1'.LUCtt C~UNTY,FI ~ 645802 B~MAR2 P3~a5 ~ ~,~~'i ~ _ ROGE~t P011RAS T - CtERK C~CU~t COItR goo+ r,~ ~ _ . . . - - - _ _ . - - . _