HomeMy WebLinkAbout0919 c~ti:~KC:F:~; t.iF:~,
l'niC~~rm C'~,:~n:int 1 i~f the tie~urit~ In.t:ument i, .in~~n~lr~l t~, r~a~l a. i~~li~,~~.:
J. (~harKeti: l.iem. 13urm~~cr ,hall ~a~ all ta~~., a..~,•irtcnh, an~l ~~th~r ~?i;u~~., tin~. an.l im~,~,,itivii, attrihu~ahlr t~~ th~
Prupert~ ~~hi~h ma~ atta~n a{~nurit~ ~~~cr thi, Sc~urin In,UUment. anel Ira.ehulcl ra~m~nn ~~r ~ruun~l rc•nt., if an~, in thc
mann~r {~m~idrd un~i~r ~aracr.irh ' hcri~~t ur. i~ nut raid in .u:h man~:er, h~ 13urr~,~~cr mal.in~ ~,i>'ment, when ~fue,
~lire~tly t~~ thc ~a~r~ ttiere~~t. F3urru~~~r .hctll ~mm~th fur?~i,h tu Len~fer all n~~t!~r, t~l amt,unt. ~+.ur un~ier thi` ~aragraph,
and in tt~rr~ent l3>>rr~~~c~r.hall mak~ ~~a~m~nt ~iir~cth, t3~~rrrn~er,hall ~rum~tl~ lurni.h t~, L~~~~er rc~eiptsevidenringsuch
~a~ment.. B~~rro~~er.hall ~rum~tl~ ~ii.~har~e any Ifen ~+hirh has ~riurit~ ~~~~r thi. Sctiurin lmUument; however, BorroH•er
,hall not tx rcyuirr~l tu ~ii.~harge an~ ~u~h li~n ~o I~~ng a. Born,~~er. ~.i) ~hall agr~~~ in ~~riting to the pa}~ment of ti~e
obligaticm cecured b~ tiuch lien in a m:inn~r a~c~rtahlr t~, Lend<r, lh1 ,hall in c.,~xi faith ~ontt~t ~urh lien by, or defend
a~ainst enfu~rem~nt ~~1 ~urh lien in, I~gal rr~k~r~fing~ ~~iai:h in the ~~{~ini~~n of Lender ~~~xrate to ~rr~ent the enfor~ement of
the lien or turteiture ol the Pru~rt~ ur an~ {~are th~reut; ur (~1 tihall ,~cure Irc~n~ the hulder of wrh lien an agreement in a
fo~m ~atista~ton tu (_cn~fer ,uhc~r~iinatin~ ,u~h lirn tu thi` Se~urit~ Instrument.
If Lender determinc~ thai all e~r an~ r.+rt ui the f'ro~rt~ i~.uhjer~ ta a lien Hhich ma~• attain a priority over this Security
Instrument, Lencler shall gi~~ B~~rre~~~er a n~~tirr iclentit~ ing tiu~h lien. l3orro~~.er ~hall tiatisty such lien or take one or more _
of thc actions set forth abo~c ~~ithin ten ~ia~s c,f thr Li~ing ol the n~tire.
C. NOTICE
Uniform C'o~~enant 14 ot the Se~«rit~ lnctrumei~t i.:lI11cI1lJClI ll1 iCFi(~ a~ follo~~s:
i4. tiotiee. E~cept for am nc~ti~e rec~uireei urn.ier a~~li:aht~ la~~ to he gi~en in another manner, (a) any notice to Borrnwer
pro~~ided for in this Serurit~~ ln~trument ~hall be gicen h~ deli~ering it or b}• mailing it by~ first rlass mail to Borrower at the
Property Address or at such other addre~s as Borro~~er rna~ de~i~nate b~• notire to Lender as provided herein, and (b) any
notice to Lender shall fie gi~en b~ first rla~~ mai! to Lenclrr'~ adclre~~ ~tated herein or to such other address as Lender may
designate b~~ notice to Borro~cer as prrn ided herein. Am~ nc~ti~e ~rc~~ ided for in this Security Instrument shall be deemed to
have been gi~~en to Borro~tier or Lender ~chen gi~en in the manner designated herein.
D. Uti1FORM SE:Ct'R1TY 11STRl:ME\T; (;O~F:R\1\G LAw~; SE~'F:RABII.ITY
Uniform Co~~enant !S of the Sc~urit~ lnstrument i, amrnded to read a~ follows:
15. UniForm Security instrument; Go~~erninR I.av?; Se~erabilit~. Tni~ form ot' Security Instrument combines uniform
covenants for national use and non-uniform ro~enants ~cith limited ~ariations b}~ jurisdiction to constitute a uniform
securit~~ instrument c~vering real ~rc~pert~. This Serurit}~ ln~trumens shall be go~~erned by Federal law and the law of the
jurisdiction in w•hich the Pr~pert~~ is Icx:ated. In the e~ent that an~~ ~ro~•is6on or clause of this Security Instrument or the
~ Note conflicts w~ith applicable la«, such conflict shall nc~t affert other ~ro~isions oi this Se~urity Instrument or the Note
which can be gi~~en effect w~ithou[ the contlicting ~ro~ ision, and to this end the provisions of this Security Instrument and
the Note are declared to be se~~erable.
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E. ?RANSFER UF THE PROPE:RTS' OR .A BEtit~:F'ICIAL 1\TF.Rf~ST Iti BORROWER
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Uniform Covenant 17 of the Securit~ Instrument i~ amended to read as follo«•s:
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17. Transfer of the Pronerty or a Beneficial lnterest in Burrower. If all or any part of the Property of an interest thcrein is
~ sold or transferred (or if a beneficial interest in BorroHer is sold or transferred and Borrower is not a natural person) _
~ w•ithout Lender's prior written ronsent, Lender ma~, at Lender's option, declare all the sums secured by this Security
~ Instrument to be immediatel~• due and pa~abie. Ho~~e~~er, this option shall not be exercised by Lender if exercise is not
, authorized by Federal la~.
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a
€ If Lender exercises such option to accelerate, Lender shatl mail BorroNer notice of acceleration in accordance with
~ paragraph 14 hereoi. 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 declared due. lf Borrow~er fails to pay such s~ms prior to the expiration of such period,
t.ender may, w~ithout further notice or demand on Borro~cer, invoke an}~ remedies permitted by paragraph 18 hereof.
Notw+thstanding a sale or transfer, Borrower wi!! continue to be obligatQd under the Note and this Security Instrument
unless Lender has released Borrower in ~~riting.
F. LOAti CHARGFS
lf the laan secured by~ the Sec;urit~~ lnstrument is subject to a law which sets maKimum loan charges, and that law is finally
~ interpreted so that the interest or other loan charges collected or to be ~allerted in connection with the loan exceed permiited
limits, then: ) an}• such loan charge shall be reduced by the amount necessary ?o reduce the charge to the permitted limit;
and (2) any sums already collected from Borrower w~hich exceed permitted limits will be refunded to 8orr~wer. Lender may
choose to make this refund by reducing the principal owed under the Note or by making a direct payment to I3orrower. If a
refund reduces principal, the reductian will be treated as a partiai prepa}•ment under the Note.
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