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B. CHARGES; LIENS "
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Uniform Covenant 4 of the Security lnstruriment is amended to read as follows:
4. ChArges; Lie~s. Borrower shail pay ail taxes, assessme~ts, and other charges, fines and impositions attributable to the ~
Property which may attain a priority over this Security lnstrument. and leasehold payments or ground rents, if any~ in the ~
manner provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due, `
directly to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph~ ~
and in the event Bor~ower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such g
payments. Borrower shalt promptly discharge any lien which has priority over this Security instrument; however, Borrower ;
shall not be required co discharge any such lien so long as Borrower: (a) shall agree in writing to the paymrnt of the ~
obligation secured by s~ch lien in a manner acceptable to Lende~; (b) shaii in good faith contcst such lien by. or defend ~
against enforcement of such lien in, legal procredings which in the opinion of Lender operatt to prevent the enforremrnt of ~
the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a ,
form satisfactory to Lender subordinating such lien to this Security lnstrument. ~
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If Lender determines that all or any pan of the P~operty is subject to a lien which may attain a prio~ity over this Savrity
Instrument, Lender shall give Borrower a notice identifying such lien. Borrower sha11 satisty such litn or take one or tROrs i
of the actions set forth above within ten days of the giving ot the notice. - '
C. NOTICE ~
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Uniform Covenant 14 of the Security lnstrument is amended to read as follows:
14. Notio~. Faccept for any notice required under applicable law to be given in ar~other manner, (a) any notice to Barower
provided for in this $ecurity Instrument shall be given by delivering it or by maiGng it by first class mail to 8orrowa~ at the
Property Address or at such other address az Borrower may designate by notice to Lender as providod hetein, and (b) any
notice to Lender shall be given by first class mail to Lender's`address stated herein or to such other address as L,ender may
designate by notice to Borrower as provided herein. Any notice provided for in this Security Inswment shall be deemed to
have been given to Borrower or Lender when given in the manner designated herein.
D. UNffORM SFCURITY INSTRUMENT; GOVERNING LAW; SEVERABILI'TY
Uniform Covenant 1S of the Security Instrument is amended to read as follows:
15. UNiorm Security Instrument; Governing I,aw; Severability. This form of Security Instrument combines uniform
covenants for national use and non-uniform covenants with limited variaa~ns by jurisdiction to constitute a uniform
security instrument covering real property. This Security lnstrument shall be governed by Foderal law and the I~w of the
jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
Note rnnflicts with applicable law, such conflict shall~not affect other provisions of this Security Inswment or the Note
which can be given effect without the conflicting provision, and to this end the provisions of this Security Inswmrnt and ~
the Note are declarod to be severable. ~
E. TRAN3FER OF THE PROPERTY OR A BENEFICIAL INTERFST IN BORROWER ~
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Uniform Covenant 1? of the Serurity Instrument is amended to read as follows: ~
17. 'Ilr~n4fer of t6e Pmpaiy or a 8eneficial Interest in Bormwer. If alt or any part of the Property of an interest therein is ~
soW or transferred (or if a beneficiat interest ~in Borrower is~sold or transferred and Borrower is not a natura! person)
without Lender's prior written consent, Lender may, at L.ender's option. declare all the sums secured by this Savrity '
Instrument to be immediately due and payable. However. this option shal! not be exerciseci by i..ender if exercise is not
authorized by Federal law.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acvekration in accordana with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notioe is maila! within
which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
Notwithstanding a sale or transfer, Borrower will continue to be obGgatod under the Note and this Security InsWment .
unless L.ender has released Borrower in writing.
F. LQAN CHARGFS
If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally
interpreted so that the interest or other loan charges coll~cted or to be collected in conncction with the loan exoeed permitted
limits, then: (1) any such loan charge shall be reduced by the amount necasary to reduce the charge to the permittaf limit;
and (2) any sumsalready collected from Borcower which exceed pe~mitta! limits will be refunded to Bonower. Lender may
choose to make this refund by reducing the principal owed under the Note or by making a diroct paymrnt to Borrowa. If a
refund reduces principal. the reduction will be treated as a partiat prcpayment under tho Note.
g~QK 436 P~cf 929
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