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~ . Tbe Not~ Hoider wiq msil o~ ckliver to a~e a notke of any ch~a in ti~e amou~t of epy a~ootb~y paYaAent bda+e tbe
~ eA'ect~v~e date d~r clu~,~e. 'ILe Aoticx ~viQ ~rlude infannatioa required by taw to be tiven aK apd ~lso the titk and -
~ ttkphoNe niiaaber d'~ penoa wla wiU aaswa any que:tjoa 1 aaay lave rq,udir~ tbe notioa" ~
~ a c~uRC~ ~[.~s ~ ~ -
` Unitam Covaast4o~tlieSecurity I~struu~ait aame~ed ta rad as [oJ1oMn: -
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' 4r taq~e~ Lier~ 8ormwer sbaU pay all ta~xa. ~ts. sad otlKr cbsraes, fina and itapo~itiaas attn'butsbk to tbe
s
~ Pr+operty which m,y sttain s priority~a~?er thia Sacurity I~uirumoa~ and kaiehoM psymeab or Sr~ound ra~t~. Jiny. ia tbe -
~ msnner provided nnder para~rsph 2 bereof or. if nat p~id ir~ aicb inanuer, b~? Borr~o~wer rnakini P~Y~~. when du~
d!tl+Ct~? t0 t~IC ~,~Q tblfe0~. HO[!ON?!! t~ ~7+0lfipth/ rtilfl11~1 t0 ~.dl~ ~ IfOt10~i O~ii1f011f1tt t~l1C UlldCl' t~IK Q~11~jTi~
~ iM~ tTl ttrt EYqit ~Off~ONQf ~ IRf~C~ BOflOMMx ~1fu ~Q~~? ~Ifflit~l t0 T.tifdCf fb0lf~t CV~CfK.'lllj
paycnal~ dlrect~y~
~ sucb payrr~a~a. Bormwer shall PranPtly discbasse any 1~ which bas prioriry over chis Security instrument; Provided.
` thst Horrower s1~11 not b`t roquirod to dischar~e any such IKn so lona aa Borcowes: ~a) shaU sgree ia ~vritin` to tbe
~ p~yment of thc obiisatioa aecured by:ucb lien in a awnner sooeptabk to I.ender; (b) shall ia tood faith c~ntat such liea
by, or ddend s~ast eaforoana~t of w~ch liea in. legal Proceodi0.+p a?hich ie tbropinioa of L,ender opente to pnvent the
~ er~fot~t d'the 1ie~ or torfature d'the Propaty ar aay put thereot; or (c) ahail secure fmm tbe bolder d'~cb lia~ sn
ag+oeme»t in s form ut~factory to I.ender aub~osdiaating wcl~ liai to tha Socurity Inst~t. .
~ If I.ender ddermina thae all or wy p~rt o~ the Prupaty ia snbject to a lien which may attain a priority bver t6ia Security .
Instruin~t, I.eader shsll sead Borrnwer notice idtntifyina wch lier~. Borrower shall satisiy snch lka or take one or ~arY o~ .
~ tbe actio~s sd fa~tb ~bove within ta~ days of tbe Eivina of notioe. ~
C. NOr!'ICE . - .
Unif
`orm Covensnt 14 of the Saurity Instn?ma~t ~ amended to ra~ as follows;
= id~. Natia. Exapt for any noti~oc reqwred nnder applicibk la~? to be given in another msnner. (a) any notioe to
- Borrowu prcvided for in this Security Instruma~t sbalt be givao by delivcrina it or by a~uuil~ it by 5rat clsas mail .
= addrased to Borro~ver ~t ~the Propetty Address or ~t snch other ~ddress as Borrower a~ay des~gnste by notioe to I~ ss
- provided herein, aad (b} any notxx to L,endv shaU be givea by 5est claas mail to Lender's address stated heran or to auch -
ctber address as I.a~der may daignate by notioe to Bonowtr aa provided huein. Any notioe Ps+nvided for in this Security
Inatre~msat shati be damod to have baa givea to Bomower or Lender when given in the manner designsted heran.
_ ~ D. UNIF~ORM SF~C[JRITY INSTRUMEIVT; GOVERIVING LAW; SEVERABILITY
~ Uniform Coveaaat 13 Qithe Security In~trnmait is amendod to read as folbws: "
r ]S. U~iforw S~a~r IAStrumeA~ Go~eratus Lw; Snenbqit~?. TWs form of ~ocwity Instrumtat i~mbina unifprrn
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~ cova~ants fcr n~tional use and non•ur~iforw covenanta with limited variatioas by jusisdictiou W coaatitute a unito~m
_ aecurity instrumait oovering resl property. Ttas Security Instrumeat :hali be governed by federal law and the lsw? af the
_ jurisdicti9n in w~~ch the Property n located. In the evcnt that any pmvision or~clause otthis Socurity I~strument or ~be -
Note oonAi~ts ~rith applicabk la~?, snch oonflict shall not affect other provisions of tbis Security Instrument or tbe Note
which csn be g'~o eQ'ett witboot the con8icting pmvi~, and to this end the provisions of thes Security Iastrument and
tbe Note arc dccl~r~ed to be severable.
- E. TRAN3FER OF THE PROPERTY OR A BENEFICUL INTEREST IN BORROWER ~
~ Uniform Covenant 17 d'the Security Inawma~t is amendcd to read as foUows:
R. _ . . .
~E 17. Trafsiv ot tk Property or a Beneficiai Interest L~ Borraw~. If iil or any part ot the Property or an interat therein
f y' is sold or transfernd (or if a bene8cial interest in Borroaer is sold ot transferred and Borrower ~~not a natural person)
a~ ~vitlwut I.ender'a prior written consmt, I.ender rniy. at Lender's option, declare aU tlu surra secured by this Security
Instrument to be immcdiatdy due and payabk. Howeva, this option sha11 not tie exercisai by I.ender J exercise is not
authorizod by Federal ia~v. ~
lf L.ender exercisa such option to aooeknte. La~der shali mail Borrower noticx of accekration in ~aooordanoe w~itb
paragapb 14 hencof. Such notice shall pmvide a period of not las tban 30 days from the date tbe nQiic~c is maeled within
_ w~hich Borrower may }~y ihe svms doclarod due. If Borrower fails to pay sucfi sums prior to the expiration of such period,
I.ender rruiy, witbout further notice or demand on Borrowa, invoke any remedies permittod by psragraph 18 hereof.
F. COVENANT DELETED
Non-Unitorm Covenant 2l of the Security Inssrumtnt ("Future Advanca•7 is deleted.
G. LOAN CHARGES • - -
If tbe Wau~ socured by t}u Security Instrument is subjoct to s law ~hich sets maximum Ioan charga, and that 1aw is finally
interpre~ed so that the intaest or othu laan charga cdlected or to be collected in connection aith the Ioan eaceod
permitted limits, ilkn: (1) any such loan chargs shall be reduad by the amount naxssary to reduoe the charge to tbe
permi~ted limit; and (2) sny sums already cotlectod trom Bonower ahich eac,~eded permitted limits aip be rdundcd to
Borrower. Lender may chooae to make this refund by reducing the prineipal owod under the Note or by malcing a direet
~ayment to Borrow~a. If a refund roduca principai, the roduction wiU be trated as a pirtial prepayment under the Nota
t
H. LEGISI.ATION .
r If, after the date beroof. enactment or expiration of applicabk laws have the etfeci atba of rendaing the provisions of the
Note, the Socwity instrument or this Adjustabk Rate Rider (other than tha paragnpb I~ unenforceable according to
their terms, or a11 or any part of the sums socured lureby uncolloctsbl~ as otherwise providod in the Soeurity Instrumrnt
snd this Adjustabk Rate Rider, or ot diminishing the ralue of Lendet's saurity, then Lender, at Lender's option. r~ay _
declue ap sums secured by the Security Instrumrnt to be immodiately due and payabk. ~
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