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HomeMy WebLinkAbout0985 . ~ ` - • ~ . faid, oon~ea wc6 tien by, or decend a~aina enf'orament of wch l;en in.laal Prooeedinp M u tb~ Qf' , Ltnde~ oP~~ ~o pcevent tlr~ enforoenaant of tbe lien or forf~ituce of t6e Pnopetty or anY P~~ t sewra firom tQe talder of wch lien an atrament ia a fonn awfacwry ~o Lender wbocdiwd~ wdi lien to this Security ia~runxai~ If I.aakr det~ermina that sU or anr pa~t of tbe Pe~rty i~ wbjea ~o a lien aLich may saaiu • priority ov~er tliis Saurity Iauruaient, Lender shafl pv~e Borrower a notioe idenriArin;~ wch liet~. BomoMer shall s~ti~? wcb tien ar tske one or snone of che acxions set forth abov~e within taa dari of tbe pvio= of tbt notioe. C. NOTlCB Uaiform Coveaant 14 of the Security Inawmenc ~ aa~ended to read a~ folb~ 14. Notke. Eaapt for sny aotia roquired under applicabk la~? ~o be pv~en ia aaother muin~er, ( a) any notia w 8orno~ver pmvided foc ia tl~ Seourity I~rumeat ~sll be pve~ by cklivcrir~ it or by~ mailia= it by 6r:t dass mail to 8omo~er at the Property Add~ess or at:ud~ ot6er addras as Bo~ro~er msy daisnate by notioe to L:eader u provided herein, and ( b) any notia to Lender shall be ~iven by Sru da~s auW to L.erider~ addrea u~t~ed herein or oo wch other address as I.ender raay desi~nue by notia to Bon+o~rer ~ pc+ovided herein. Aay notia providod for in t6i: - Security Inawmeat shall be damed to have ban Ziven w Borno~?ec or I.ender w?hen ~iv~en ia the manner dai~oated herein. D. UNIFORM SEC1)R1TY 1NS7`RUMENT; C4VBRNQNC LAW; SBVBRABILITY Uniform Covenaat IS of tde Savrity Inatrument ~ amended w read as follows: 15~. U~ifon~ Sawrit~r loatru~t; Co~erai~ Lw; Se~uaMUt~r. Thi~ form of Searity Instrument armbina uniform oovenants Wr wtional u:e aad non-uniform eov~eoaats N?ith limited vuiatioas by juri:diction to v~naitute a uniform . security insauaxnt oovering reai pr~perty. This Sa:urity Inswment shaU be ~ovemed by Federsl la~r and the laM of the jurisdictiod ia whidi tl~e Property is located. In the event that sny provision or dause of thi: Sxurity Inauvment or the Note oonflicts with applicabk law, such o~nfli~t ahall not aA'ect other provisions of thi: Security Instn~mtnt or the Note which can be Yiven e~'ea without the eoaflictin~ pravision, and w this end the pc+ovi:io~ of th'ss Sax~rity Iaawment and the Noa arc dedared~ w be severabk. 8 TRANSFBR OF TH8 PROPERTY OR A BFNERICIAL ~V7ERFST ~1 BORitOWER ~ Uniform Covenant 17 af the Seeurity Inawment ~ amendod w read ~ follow?:: 17. Traester of t6e Pro~aty or a BeneRclal Lterat I~ Boe+owu. If alt or aay put of the Property or an interest 'j therein is sold or trsnafemod (or if a beaeficial interat in Bomower ia sold or transferrod and Borrower is not a natural person) without l.ender'a prior written o~nsent, Lender may, ~t Lender'a option, dedue all the suma aecured by this ; Sceurity Inawment to be immediately due and payable. -However, this option s6a1t not be e~cer~cised by I.ender if ~ exercise is not authoriud by Federal law. - ; ` If Lender exerases such option w aooekrate, Lender shall mail Bomower nodae of aooekradon in aooordana ~vith I ~ paragraph 14 heroof. Such notia ahall p~vide a period of not leaa than 30 days from tt~ date the notia is mailed ~ within which Borrower may pay the suma dedared due. If Bormwer faila to pay such sums prior w the expiration of ~ such period, Leader may, without further noda or demaad on Bomower, involce any remediea permitted by P~~Ph i 8 hereof. C Notwithstanding a sak or vaaafer, Borrower wiU ountinue a be obligated under ~he Note and thia So~urity Inswment unleas Lender has nleased Borrower in writin~. _ _ F. LOAN CHARCES ~ -:,,,~...,..n. _,_._.___.~~......e.~.<- - -~-,._...~..~.....?,,,c,,,. If the loan secured by tbe Saurity Inswneent is subjax w a law ~ich seta maxin?um ban char~es, and that law u 6na11y iaurpreted w that the iaterest or other loan char`a ooUated or w be ooUected in oonnaxion w?ith the ban exoxd peraiicced Wnits, thea ( i) any such baa chu~e ~stl be reduoed by the amount neoasary w redua the chary~e to the permicted limi~ and ( 2) any auau aIc~eady o~lla,tod from Borro~rer which exaeded permittod limits w?ill be rcfunded w Borrower. Lender may choose w make this rcfuad by reducin~ the prinapal owed under the Note or by makin~ a diroct payment w BomoMer. If a nefund r~eduea princig~l, tbe reducxion w?ill be treatod aa a pactial . prcpayaeent under tbe Note. ~ ~ th Wmrsed W~no~, Borrowet has ~c A~staMe Rate RWer. F ~ R~~O~(~~a r ~ r ~'f~V~i~s~;' . ~~....K...:........ .......................................~~lGil~ ~ S'(. ~'R I . . . -eomow.? ~ ~~Q OMSON t s`~`~'~ t . .............1 ~,~..'...~1~~?!~:.t.~l.?.7..............................(Seal ) ~~I MAR 2 P 3~~' EPH . .M. THOMSON '8°R'°""r - ........................................................................:...................................(Seal) RO~ct~ P0ISRAS . C~RK C1RCU1~ COUR~ - tsa~ aa~.+a~i?~ . ~ ~ ~ ~4~'S P~~ 985 t, - . - - -