HomeMy WebLinkAbout0948 G NOTICE ~ ~
Unifonn Covenant Y4 of the Securtty lnmument is amended to read as foUows
14. Notlce. Except for any notlce raquired und¢r applicable law to be given in another manner, {a) any notlc¢ to `
Borrowerprovided for in this securiry [nstrument shall be given by delivedng it or mailing it by first class mail addressed
to Borrower at th¢ Property Address or at such oth¢r address as Borrow¢r may designate by notice to Lender as
provided herein, and (b) any nntice to L¢nder shall be given by flrst class mail to Lende~'s address stated herein or to
such ath¢r address as Lander may designate by notice to Borrower as provided herein Any notice provided for in thts
Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated
herein
D. UNIFORM SECURITY INSTRUMENT: GOVERNING LAW: SEVERABILITY ~
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UnIfocm Covenant 15 of the S¢curiry lnstrument is amended to raad as follours
15. Unlfornu Secu ~
rfty Instrumen~ Goveraing I.aar, Severabllity. This form of Security Instrument combines
uniform covenan~s for national use and non-uniform covenants with limited variations by jurisdiction to constttute a
uniform security instrument covering real property. This Security Inshvment shall be govemed by federal law and the
law of the jurisdiction in which the Property is located In the event that any provuion or clause of thlss S¢curity
lnstrument or the Note conflicts with applicabie law, such conflict shall not affect other provisions of this Security
Instrument 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 deciared to be sevemble.
E. TRANSFER OF THE PROPER'IY OR A BENEFICIAL INTEREST IN BORROWER ~
Uniform Covenant 17 of the Securib~ lnstrument is amended to read as follows
17. ?ransfer of the Property or a BeneHctal Interest in Borrower. If all or any part of the Property or an interest
therein is sold or transfened (or if a ben¢ficial interest in Borrower is sold or transferred and Borrower is not a natuml
person) without Lende~'s prior writt¢n consent, Lender may, at Lender s option, declare ap the sums secured by this
Securiry Instrument to be immediately due and payable However, this option shall not be ¢xercised by Lender if
exercise is not auchorized by Federal law. If Lender exercises such option to sccelerate, Lender shall mail Borrow¢r
notice of acceleration in accordance with pamgraph 14 her¢o~ Such notice shall provide a period of noi tess than 30
days from the date the notice is mailed 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 fuc~her notice or demand on Borrower, invoke
any r¢medies permitted by pamgraph I9 fiereof.
F. LOAN CHARGES ~
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If the loan secured by the Security Instrument is subjec: to a lau which sets maa:imum loan chargas, and that law is
` finally interpreted so that the interest or other loan charges collecied or to be collected in connection with the loan ;
~ exceed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge
~ to the permitted limi~ an~ (2) any sums already collected from Borrower which eYCeeded permitted fimits will be
[ refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the ?Vote or by
making a direct payment to Borrower. If a refund reduces or.ncipal the reduction will be treated as a partia!
~ prepayment under the Note.
j G. LEGISL~?TION ~
~ If. after the date hereof. enac:meni or expimtion of applicable laws have the effect either of rendering the provisions of
f the Note, the Security [nstrument orthe Adjustable Rate Rider (other than this paragraph In unenforceable according
` to their terms, or afl or any part of the sums secured hereby uncollectable, as othenvise provided in the Security
~ [nstrument and this Adjustabie Rate Rider, or of diminishing the value of Lender s security, ihen Lender, at Lender s
~ oprion, may deciare all sums secured by the ~ecuriry lnstrument to be immediately due 3nd payaol~ ;
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~ I~ ~Vr~ess lVNE3EOF. Borrower has executed this Adjuscable Rate Rider.
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