HomeMy WebLinkAbout0945 juriadictioa in Mhich tqe Propaty it located. Io the e~vatt e6st any provi:ioa a clauae of t6h Security I~truwent or tbc
Noce ooa!licts Micb app~ik~abk la~?. wch coaAict s5a11 aa aA'ca otba pnoviaio~ d' this Socuricy IaurumeAt or tbe Nae
whicb caa be aivea dFact rvitbout tl~e oonAicting pro~aioa? and to tha ead tbe pr+oviaions of tLia Security Lutrumeat and
thc Note sn declared to be ~evaabk.
& TRANSFER OF THB PROPERTY OR A B~TEFICUL INTERESi' IN BORRpWER ~
Uniform Cavenant 17 of the Soc~uity Irtst~urnent is ameaded to read s= follows:
Tnaster ot t6e Pro~tf or a 8e~8cLl Ltsrat L 8orrower. If all or any part of the Proparty o~ an intecrat tba+ein ia
soW or transferred (or if a bene~cial intereat ia Bomu~er a~old or a~nafurad and 8ormw~a is uot a rutun! Pwsor~)
wethout I.enda'a pria~r ~vritten oooaeat, I.ender may. at La~er's aption, declan a!1 the auma aaciuod by t6i: Security
Instnimeat to be immedistdy due and psyab~. Ho~vever, thia optioa ahall uot be esacised by I.esder ff eacer+ciae ia
prohibited by F~da~ai LM as of che dace of tlas Socwicy L~scn~men~
If LaKier ~ aucb option w aooekrate. I.ender shall m:W Borro+ver notice of soceleration in aocordanoe ~rith
p~raaraph 14 heroof. Such notioe ahall provide a period of not 1aa tbaa 30 days from the date the aotia ia mailod aithiu
which Bonrower aiaY P~Y tbe au~ docLred due. If Borr+nMer faila to pay suc6 swas prior w the ea~piration of such period.
Lender may. w?itla~t further ratia or demand on Bornow?a. involce aay remodias permittad by P~B~Pb 18 heroot:
Notwit6standing a:aie or trsa:fer, Borr~nrva~ ~?iU oo~tinue to be oblig~ted uodv the Note and this Security Instrument
unkss I,eader haa rdea~aed Borrnaer in ~vriqng.
F. aOVENANT DELETED
Non-Uniform Covdiant 21 of the Security Iastruinent ("Future Advancas") is dekied.
G. LOAN CHARGES
If the losn securod by the Security Instn~ment is subject to a lsw which sets maximum loan charges, and that Iaw is ~finnaUy
interprrted ao tbst the inter+tst or otber lozn cbarges colloctod or to be oollacted in o~nnection with tbe ban exoeod
per~nittod limita, thea: (1) any snch loen charse ahall be reduood by the amount nooessary to redooe the charge to the
permitted limita; aad (2) aay aums alra~dy oollected from Bomower which ea~oeeded pera~ittod limita wiU be refunded to
Hornower. t.mder may choo~e w malce. thia refund by red~ng the principal owed undcr the Note or by making a direct
P~Y~t to Borro~rer. ff a nfund reduas principal, th~ reduction witl be treated as a P~~ P~Y~t under the Note.
H. LEGISLATION
If, aRer the date hereof', enactmant or eacpiration of applicabk laws have the effect either of r~dering the pra?visions of the
Note, the Socurity Inatrumeat or this
Gradnatod Payment Rider (otha thau thic parsgraph H) uneaforcxabk aooording to
their terms, or al~ or any part of tbe sums secured hd+eby uacolloctable, as othawise provided in the Security Instrument
and this Grsduatod Payment Ridar. or of dim~nishing the value of I.ender'a secwity. then Lender, at Lendu's option, may -
doclare all sums secured by the Security Inswmeat to be immodiat?:y due and payable.
iN wrrr~ss w~oF. ~orrower haa eacocuted this Graduated Paymeat ' er.
. ~ . L ~ . ...............:...............................(Seal)
-BorroMrer
.(Ses1).
-Borrower
....................................:..........................................................................($tal)
-eorrower .
lSi~'? ~na[ Orr/rI
.
g~K429 P~~E 944
(iPR-PlAN A-1 9/83 ~ Ipa~e 3 of 3 pages!
~ - _ , . y r ~e v.z~
~ - - _ _