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Home My WebLink About0947 ~ C. NOTICE . ~ Uniform Coven~nt 14 of the Security [nstrument is amendod to read as follows: 1~. NoHce. Eucept for any notice roquircd under applicabk law to be given in another manner. (s) any notia to 8onower providad for in this Security Instrumrnt ahall bc given by delivtrisg it or by mailing it by first class msil addr~sed to Bomowtr at the Property Address or at such other addras at 8otmwtr may daignate by notice to I.a~der as pmvided hercin. snd (b) sny notice te i..eer~der aha!! 6e given by Brst class mail to Lender's sddress stat~d herein or to such other addras u Lender may daignate by aoticc to 8orrowe~ at provided hercin. Any notioe providcd for in this Security Instrument shall be damed to have ban givrn to Bornower or I,ende~ whea givrn in the mannu designstod hercin. D. UNIF"ORM SECURITY INS'fRUMENT; COVERNING LAW; SEVERABILI7'Y Unitorm Covenant 1 S of the Security Iastrumeot is amendod to read as follows: IS. Uaifors Security Iasd~nment; Ca~eratn~ Law; Se~erability. 'This form otSecurity Instrument oombines unitorm covenants for nuional use and non-uniform covenants with limited variations by jurisdiction to constitute a unifona securiry instrumrnt oovering real property. This Security Iastniment shaU be governed by foderal law and the law of the ~ jurisdiction in which the Property is locatod. In the event that a~y provision or clause of tbis Socurity Instrument or the Note conQicts with applicabk law. such conflict shall not aBect other provisions of this Socurity I~strumcr~t or the Note which can be given effect without the conflicting provision. and to this end the provisions of this Security Instrument and the Note are declarai to be severable. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER - Uniform Covenant 17 of the Security Instrumrnt is amended to read as follows: ~ ~ - 1~..?ranster ot t6e Properq? or a Bent8cial Interest ta Bomower. If all ot any part of the Pmperty or an intercst therein is sold or traasferred (or if s bene6cial intercst in 8orrower is sold or transferred and 8orrower is not a natura! person) without Lender's prior written consa~t. I.ender may. at I.ender's option, declare all the sums securod by this Security Instrument to be immodiately due and payable. However. this option shall not be exercisod by I.cnder if esercise is prohibited by FedenJ law as of the date of this Security Instrument. ~ If Lender ea~ercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with parsgaph 14 heroof. Such notice shall provide a period of not less tban 30 days from the date the notice is mailed within which Borrower may pay the sums dxlarod dua If Borrower tails to pay such sums prior to the expiration of such period. Lender may. without further notice or demand on Borrower, invoke any rcmodia permittcd by paragraph 18 hereof. Notwithstanding a sale or transfer. Burrower ~viQ continue to be obligatcd under the Note and this Security Instrument unlas Lender has released Borrower in writing. ~ F. COVENANT DELETED Non•Uniform Covenant 21 otthe S~curity Instrument ("Future Advances") is deleted. . G. LOAN CHARGES - If the loan secured by the Security Instrnm~nt is subject to a law which scts maximum toan charga. and that law is finally interpnted so that the interest or other loan charges collected or to be.collected in connoction with the luan euceed permitted limits. then: (1) any such loan charge shall be reduced by the amount neccssary to roducx the charge to the permitted limit; and (2) any sums already collectad trom Borrower which exceedod permitted limits will be refunded to ~i Borrower. Ler~der may choose to make this refund by roducing the principal owed under the Note or by making a dircct i payment to Borrower. If a refund reduces principal, the roduction will be treated as a pahial prcpayment under the Note. ' H. LEGISLATION . ~ If. aRer the date hercof. enactment or eapiration of applicable laws have the effect either of rendering the provisions of the Note, the Security Instrument or this Adjustable Rate Rider (other than this paragraph H) unenforceable aocording to ~ their terms, or all or any part of the sums socured hereby uncollectablc. as otherwise provided in the Security instrument ~ and this Adjustable Rate Rider, or of diminishing the value of L.cnder's socurity, then Lender, at Lender's option, may declare all sums securod by the Security Instrument to be immcdiately due and payable. IN WITNESS WHEREOF. Borrower has execu this Adjustable ~der. ~ ~ ...........................................(Seap ~ ' ~PAtJI, S. _ -Borrowe~ ,r.........~~~'/......~...... t.. . . . (Sral ) SI~ L. PIF7I'Ii~S •Borrower ~ .(Srall . ; •Ba rower a ~ ~ [SiRn Uri~inal OnIYJ ~ ~ ~ ~ ~ - ~ s ~o~K435 P~~E 9~6 ~ ARM Ridsr-Ptans A-2 end A-3 ~ IPsge 2 oi 2 pagesl _ _ ~ - - ~r~_ ~ r~~ :*~~~~".'~~F~d~.~ -