HomeMy WebLinkAbout0933 s. ctiaKC.t~~; i.i~:titi
Unitorm (~u~enant ~3 ot the Se~urit~ In~trume~~t i, airnn~led to read a, foll~,~~,:
a. Charkes; Liens. ~3orro~+cr shall pa~ al) ta~es, a~~e»ments, and other charges, tinet and im~~itions attributable :o the
Property w~hi~h may attain a priurit~~ o~er thiti Securi~y Instrument, and leasehald payments or ground rents, if any, in ~he
manner pro~•ided under paragraph 2 hereof or, if not ~aid in such n~anner, by B~~rrower making payment, when due,
direcd,v to the payee thereuf. k3urra~.er sha!! promptl~~ furnish to Lrnder ail notices of amounts due under this paragraph,
and in the e~~ent Borrower shall make payment directly, Borrau~er shall promptly furnish to Lender receipis evidencing such
va?,:,~ ~;s. . ,
°c,-,-~;• s!:al~ ^•~m~~~~~ ,_+;~,_ha~o~ ~m~ IiPn ~vhich has ~rioritv over this Security lnstrumenr, however, Borrower
shall not be required to discharge any surh lien so long as Borro~er. (a) shall agree in ~vriting to the payment of the
obligation secured b~~ such lien in a manner arreptable to Lender, (b) shall in gooci faith contest such lien by. or defend
against enforrement of such lien in, legal pro~eedingti ~~~hirh in the opinion of Lender operate ro~revent the enforcement oi
the lien or forfeiture of the Property or an~~ ~art thereof; or (r) shall secure from the holder af such lien an agreement in a
form satisfactory ro Len~er subordinating ~urh lien to this Sei:u~ity lnstrument.
lf Lender determines that all or any part a1 the Yroperty is subjeti-t to a lien whi~h may at~a~n a priority aver tttis Security
Instrument, Lender shall give BorroHer a notire identif~•ing such lien. BorroH~er shalt satisfy such lien or take ane or more
of the actions set forth above within ten days of the gi~ing of the notice.
C. NOTICF: +
Uniform Covenant 14 of the Securicy Instrument is amended to read as folloH~s:
14. Notice. Except for any notice cequired under applicable IaH to be given in another manner, (a) any notice to Borrower
provided for in this Security Instrument shall be gi~•en by delivering it or by mailing it by first class mail to 8orrower at the '
Property Address or at such other address as Borrower ma}~ designate by notice to Lender as provided herein~ and (b) any
notice to Lender shall be given by ~rst class mail to Lender's address stated herein or to such other address as Lender may ;
designate by notice to Borrow~er as provided herein. Any notire provided for in this Security Instrument shall be deemed to
have been given to Borrower or Lender when given in the manner designated herein.
D. UNIFORM SECURITY INSTRUMENT; GOVf:Rti1NG i.AW; SFVERABILITY
Uniform Covenant 15 of the Securitp lnstrument is amendeci to read as follows:
I5. Uniform Securiry Instrument; Governing L,aw; Severnbilit}~. 1 his form of Security Instrument combines uniform
covenants for national use and non-uniform covenants w~ith limited variations by jurisdiction to constitute a uniform
security instrument covering real property. This Security~ Instrument shall be governed by Federal law and the law of the
jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
Note eonflicts with applicable law, such conflict shail not affect other provisions of this Security Instrument or the t~ote
which can be given effect without the conflicting pro~~ision, and to this end the provisions of this Security Instrument and
the Note are declared to be severable. -
E. TRANSFEI~ OF THE PRUPE:RTY UR A BEtiF:FiCiAL iNTERi~ST iN 80RROWER
Uniform Covenant 17 of the Security Instrument is amended to read as follows:
17. Transfer of the Property or a Beneficial lnterest in Burrower. i f all or any part of the Property of an interest therein is
sold or transferred (or if a benefirial interest in Borrower is sold or transferred and Borrower is not a natural person)
without Lender's prior w~ritten consent, Lender may, at Lender's option, declare all the sums secured by this Security
Instrument to be immediately due and pa}•able. Howe~~er, this option shall not be exercised by Lender if exercise is not
authorized by Federal taw.
If Lender exercises such option to accelerate, Lender shalt mai! 8orrower notice of acceleration in accordance with
paragraph 14 hereof. Such notice shall pro~ ide a period of not less than 30 days from the date the notice is mailed within
which Borrower may pay the sums dec}ared due. !f Borro-~~er fails to pa}• such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph IS hereof.
Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument
unless Lender has reteased Borrower in ariting.
F. LOAN CHARGF~
If the loan serured by the Security lnstrument is subjec~ to a law which sets makimum loan charges, and that Iaw is finally
interpreted so that the interest or other loan charges collected or to be collected in connection with the ioan exceed permitted
iimits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit;
and (2) any sums already collected irom B~rrower which exceed permitted limits will be refunded to Borrower. Lender may
chocse to make this refund by reducing the principal owed under the Note or by rnaking a direct payment to Borrower. If a
refund reduces principal, the reduciion will be treated as a partial prepayrnent under the Note.
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