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other address as Borrower may designate by notice to Ler.der as provided
• herein, and (b) any notice to Lender shall be given by first class mai2 to
Lender's address stated herein or to such other address as Lender may
designate by notice to Borrower as provided herein. Any notice orovided for
in this Security Instrument shall be deemed to have been given to Borrower
or Lender whea given in the manner designated herein.
E. U`NIFuFti~t S~CUkI~Y INSTItUr1E!~'~ ; GOi'~IthI~G LAM ; SE`v'~ltA1~ILi°i'Y
Uniform Covenant 15 of the Security Instrument is amended to read as
follows:
15. Uniform Security Instrument; Governing Law; Severability. This form of
Security Instrument combines uniform covenants for national use and
nonuniform covenants with limited variations by jurisdiction to constitute a
uniform security instrument covering real property. Th:s Security
Instrument shall be governed by federal law and the law of the jurisdiction
in w:~ich the Property is located. In the event that any provision or clause
of this Security Instrument or the Note conflicts with applicable law, such
conflict shall not affect other provisions of this Security Instrument or -
the Note which can be given effect c;ithout the conflicting provision, and to
this end the provisions af this Security Instrument and the Note are
declared to be severable.
F. TRAKSFER OF THE PROPERTY OR A BE'~EFICIAL INTEREST IN BORROM'ER
Uniform Covenant 17 of the Security Inscrument is amended to read as
follows:
17. Transfer of the Property or a Beneficial Interest in 8orrower. If all
or any part of the Propert~~ or an inLerest therein is sold or transferred by
Borrower (or if a beneficial interesL in Borrower is sold or transferred and
Borrower is not a natural person or persons but is a corporation,
partnership, trust or other legal entity) kithout Lender~s prior written
consent~ excluding (a) the creation of a lien or encumbrance subordinate to
the Securit~ Instrument which does nat relate to a transfer of rights of
accupancy in the property, (b) the creation of a purchase money security
interest for household appliances. (c) a transfer by devise. descent or by
operation of lac: upon the death af a joint tenant or (d) the grant of any
~ leasehold incerest of three years or less not containing an option to
~ purchase~ Lender may. at Lender's option, declare all the sums secured b}
~ this Security Instrument to be immediately due and payable.
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~ If Lender exercises snch option to accelerate. Lender shall mail Borrower
; notice of acceleration in accorciance w•_th ~31?oSBi^-}! ?4 !:e:~~f . Such notic~
~ shall provide a period of not less than 30 days from the date the notice is
meiled within which Borrower mey pay the sums declered due. Tf 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.
t
Lender may consent to a sale or transfer if: {1} Borrower causes to be
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~;:hxitt~~ :.ci~uer iniormaiion required ny Lender to evaluate the
~ transferee; (2) Lender reasonably determines that Lender's security will
not be impaired snd that the risl: of a breacl~ of an} co~~enant or agreement
~ in this Security Instrument is acceptable; (3) interest is payable on the
~ sums secured by this Security Instrument at a rate acceptable to Lender; (4)
~ changes in the terms of the ;~ote end this Security Instrument required by
~ Lender are made, including, for example, periodic adjustment in the.interest
~ rate, a different final payment date for the laan, and addition of unpaid
~ interest to principal; and (5) the Lransferee signs an assumption agreement
that is acceptable to Lender and chat obligates che transferee to keep all
- the promises and agreements made in the Note and in this- Securit}
Instrument~ as modified if required b~- Lender. To the exLent permitted by
applicable law, Lender also ma}- charge a reasonable fee, as a condition to
Lender~s consent to any sale or transfer.
Borrower c.~ill conLinue to be oblibated under Che \ote and this Securit~
_ Itistrument unless i.ender releases Borrower in ~ritiug.
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