Loading...
HomeMy WebLinkAbout0929 , ' , ~ . - ! _ i - _ - - - . ! _ - - futh oontest such liea by. or defeAd a~aina eaforoemeat ot wch lian ia. k=al prooeedinp w?hich in the oPinioa o[ I.eader operate w prcve~?t the enforvemeat of the lien or fodeiture of the Prope~? or any tbe~+eot~ or ( - secure firom the holder of such liea an a~reement ia a form ~tufuxory ~ Lender wbonWn~a'Z`:uch liea~~ Savrity lastrumen~ If Leader deteraiu~ that all or aay put of the Property is :ubjax w a liea ~hich auy attain a priority over tlin Security Iasuumeat, l.eader ahall ~ive Borro~er a aotia idandtyin~ wch liea Horro~rec shall ~tidy:udi lien or take one or more of the actions set forth above withia ten da~ of t6e ~iviot of tbe notioe. C. . NOTICB _ Uniform CoveaaAt 14 of the Security Inswment is ameaded w rGad u follows: 11. Notica Exapt for aay aoda rcquircd uader applicabie law to be Qiven in an~ther manner, ( a) any notia w Borrower provided for in this Secutity Insuumeat ahall be ~iven by deliveria~ it or by mailin~ it by first dasa mail to Borrower at the Property Addrcu or at such other addras as Borrower raay desi~oate by notia w i.ender sa provided hereia, ahd ( b) any aotioe to Leader shall be ~iven by firat daas mail to Leader'a addt~aa statod her~ein or w:uch other add~ess as Leader may desi~nnate by aotia to 8on+ower as provided herein. Any notia pr~vided for in thia Security Instrument shall be damed to have beea ~ivea to Borrowtr or l,ender when givep ia tl~e manner deu~nated ~ herein. D. UNIFORM SECURITY INSTRUMEN'T; GOVERNINC LAW; SEVERABILiTY Uniform Coveaant lS of the Security Inswment is ameaded to read as folloas: 1S. UnNorw~ Security l~tru~eat; Coren~ l.~w; Sererabillty. Thia forra of Savrity Inswment oombina uniform oovenan[s for national use and aon-un;form ooveaancs wich Gmiced vuiacio,u by jurisdic~ion co o~asti~uce a uniform securiry inswment oovering real property. 'Il~is Security Inawment ahall be ~overaed by Ftderal law and the la~r of - ~ the jurisdiction in which the Pmperty is located. In the event that any pr~nvisioa or dause of this Sa;urity Iaswment I or the Note oonflicts with applicable law, such oonflict shaU not a6ax other provisiona of thia Security Inawment or the Note which can be given eQ'cct without the oonRictiag provisan, and to thia ead the provisions of thia Security lnstrument and the Note ar~e dedared w be severable. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL IN7'BRF..ST IN BORROWEyt Uniforin Covenant 17 of the Securiry Instrumeat is amended to read as followa: ~ ly. Traasfer ot tbe Property or a BeoeRcfal Iaterest L Borrower. lf all or any part of the Pr~perty or an interat therein is sold or transfemed (or ita beaefiaal interat in Borrower is sold or tranafernod and Bomower ia not a natunl ! person) without Lender's prior written oonsent, L.eader may, at Lender's option, dedare all the suma sea?red by this I Security Inswment to be immediately due a~pd payable. However, this option shall not be ea~erased by Lender if i exercise is not authoriud by Federal law. E If Lender exercises such optioa to aooelerate, Lender shall mail Bomower notia of aoaleration in aooordana with ' paragraph 14 hereof. Such noace shall provide a period of not less than 30 days from the date the notia is mailod ~ within which Bomower may pay the sums declarcd due. If Bomower fails to pay such sums prior to the expiration of ~ such period. I.ender may, without further notia or demand on Bornower, invoke any remedies permitted by paragraph 18 hereof. # Notwithstanding a sale or transfer, Bomower will oontinue to be obGgated under the Note and this Security • ~ Instrument unless Lender has released Borrower in writin~. l e j F. LOAN CHARGES 6 i If the loan sesured by the Security Inswment is subject to a law which sets maximum loan chargea, and that law is ; fiaally interpnted so that the_ interest or other loan charges o~Uected or to be collected in o~nnection with the loaa ° exoeed permitted limits, then: (1) any such loan char~e shall be reduoed by the amouat neoazary .to ~+edua the ~ charge to the permitted limit; and ( 2) any aums already oollected from 8omo~rer which ea~oeeded perautt~ed limita w?ill € be r~efunded to Borruwer. Lender may choose to malce this rcfund by t+educing the principal owed under the Note or by making a dircet payment to Bomo~?er. If a nfund rrduaa prindpal. the reducxion ~rill be trested as a pardal prepayment under the Note. In WrrN~ss Wx~o~. Borrowu bss ezecuted tti4 A~ustabk Rate R1aer. 65S1S2 ~ rt~s's.~ ....................(seal) , ~gq I~iY P 3 .35 ~ . . .eo~°''"'r ~ . . . ....................:...................(se~l) ~ FILED b.`:~~ atr c a oy o R~GEr• Fc;? . . C~ _ sT. l.U~.l~ . - ~?i ~ j. : .............................................................................................................(SC$i) ~ -eoROwK ~sq~ ab,~ a~?~ g~431 PA~ . . - Y ~ ~ ~ ~ c - ~ - - ry ~ _ . . _ - ~