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Uniturm C'u~rnan~ ~3 ul ~hi tircunt~ In,~rument i. an?rn~lr~l to rracl a. tullu~~,:
4. ('harges: I.iem. I;~~rru~~rr ,hall ~a~ all ta~eti, a»r„mrm~, and ~~ther rh,ir~r`, Iinr. an~f im~u.ition~ aitrihutablc to the
Pruperty Hhi~h may au.iin a{~nurit} u~rr ~hi, ~r~unt~ In,~rumrn~. .in~1 I~a.ehuld r.i~men~, or ~;ruund rent~, if an~~, in the
manner pru~~d~~i un~lrr {~ara~ra~~h ? hrrrul ur, il nut ~~.i~~l in ,u~ti mannrr, hy t3urro~~rr making ~aymrn~, ~~hen dur,
dirertlY tc? the payc~c thcr~ul. F3urru~~~r ,h~~ll ~rum~~tl~ furni,h ~o Lrnclrr all natirr, ul amoum, due under this paragraph,
and in the e~rm E3urruwer shall mak~ ~a~mcnt dirc~tly, Burro~~~er shall {~romrtly furnish to Lender receip~s eridenring such
pa~~men~•. [3urroHer tihal) prumptly diuharge any lien w~hich has priurity ~~ver this St~urity In,trument: hoHe~~er. Borro~ver
~halt noi be rryuired to di,rharge any ,urh lien ,u Icmg a, l3orru~~er. lal tihall agree in ~~riting ~u the ~?ayment of the
obligation secured hy such lien in a mannr~ aireptcihlr to Len~lrr, thl ~hall in guoci faith rontest su~h lien by, or defend
against enior~emrni uf surh lien in, Ic~al ~rcke~ding, hi~ h in ~he upinic~n ~+t Lrndrr o~rrate to pre~ ent the eniorcement of
the lien or fcxleiture oi~ the Pru~erty ur am r~r~ thereut; ~~r (r1 tihall ~~~ure tn~m th~ holelrr ~~f wrh lien an agreemem in a
form sausfac~ory to Lrnder u~burdinatin~ ~urh lien tu Ihi~ Sc~urit~ In~truntent.
tf Lender determinc~ tha~ all cir any ran uf ihe Pro~er'p is .uhjc~it ~o a lien ~~hirh m;~~~ attai~ a priurity over this Seeurity
Instrument, Lender shall gi~e l3orru~~er ci nutirr identify~ing ~uch lien. Born~~~er ~hall tiatisly surh lien or take one or n~ore
of the actions ~et forth abo~e «ithin ten dayti of the gi~ing ol~ ~hr notire_
C. NOTICF:
Uniform Core~ant i4 of ~he ScYUrity In+trument i, amrnclyd t~ ~ea~1 a, fullo~~~:
14. Notiee. Except For any notire required under appli~able la~~ to br gi~en in anc~ther manner, (a) any notire to Borrower
provided for in this Securit~~ Instrument shall he gi~en b~ deli~ering it or b~~ mailing it by f~rst class mail to Borrower at the
~ Property Address or at such other address as BorroHer may de~ignate by notice to Lender as provided herein, and (b) any
i notire to Lender shall be given by tirst class mail to Lrnder', addre,> >tated herein or to surh other address as Lender may
` designate by notice to Borrower as provideci herein. An~~ noti~e rro~~ided I~or in this Security Instrument shall be deemeci to
have been given to Borrower or l.ender when gi~rn in the manner des~gnated herein.
i
~ U. UNIFORM SECURITY ItiSTRUMENT; GOVENNING l.AH'; SE~'E:RABII.iTY
:
~ Uniform Covenant 15 of' the Securit~~ lnstrument is amended t~~ read a~ folloHS:
~
F 15. Uniform Security Instrument; Governiag t.aN; Severabili~y. Thi, form of Serurity Instrument combines uniform
~ covenants for national use and non-uniform anenants ~vith limited ~ariation~ by jurisdiction to constitute a uniform
€ security instrument covering real propeny. This S~rurity Instrumrnt ,hall be governed by Federal law and the law of the
s
~ jurisdiction in which the Property is located. In ~he e~en~ that an~~ pruvision or clause of this Security Instrument or the
~ Note conflicts with applicable law, such rontlict shall nc~t affert other pro~isions of this Security Instrument or the Note
~ which can be given effect without the contlicting pru~ itiiun, and to this end the provisions af this Security Instrument and
~ the Note are declared to be severable. ~
; E. TRANSFFR Of~ THF PROPERTY OR A Bt:kF:}7('IAI. INTF:RES'T Iti BORROV?'ER
Uniform Covenant I? ~f the Seruri~y Instrument is amended to read as folloKS:
17. Trs?nsfer of the Prupert~~ or a Beneficial lntrrest in Borrower. li alf t~r any part of the Property of an interest therein is
~ sold or transferred (or if a benefirial intere~t in RorroHer is sold or trantiferred and BorroN~er is not a natural person)
without Lender's prior written coment, Lencier may, at Lender's option, dedare all the sums secured b~~ this Security
~ Instrument to be immediately due and ~a~ahlr. Ha~+e~er, this option shall not be exercised by Lender if exercise is not
authorized by Federal law.
~ If Lender exercises such option to arrelerate, Lrneler shall mail Borro~~er notice of acceleration in accordance H~ith
~ paragraph 14 hereof. Such notire shall pro~ ide a~erioci of not less ihan 30 da}•s from the date the notice is mailed within
which Borrower may pay the sums declared due. If BorroHer fails to ~a}~ such sums prior to the expiration of such penod,
Lender may, without further notire or demand on I3orrower, imoke an~• remedies permitted by paragraph 18 hereof.
- Notwithstar.ding a sale or transfer, Borrower will ~onunur to be obligated under the Note and this Security Instrument
unle~s Lender has released Bc~rroHer in ~~riting.
F. I.OAN CHARGt:S
- If the loan serured b}• the Securiry Instrument ~s subject to a law whirh sets maximum loan rharges, and that law is finally
inrer~reted so that the intere~t or uther loan rharges collected or to be collected in connertion w ith the loan exceed permitted
limits, then: (1) any~ such loan charge shall be reduced by the amount necessary to redure the charge to the permitted limit;
and (2) any Sums alread}~ ci~llected from Borrower ~+~h~ch exceed permitted limits will be refunded to Borrower. Lender may~
rhoose tu make this refund by~ reducing the principal owed under the Note or b}• making a direct payment to Bc~rrower. If a
refund reduces principal, the reduction will be treated as a partial prepayment under the Note.
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