HomeMy WebLinkAbout0949 C. NOTICE
Uniform Covenant l4 of the Secu~ity tnstrument is amended to read as follows:
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any nouce to
Borrower provided for in this Security lnstrument shall be gi~en by delivering it or by mailing it by first class mail
addressed to Borrower at the 4'roperty Address or at such other address as Borrower may designate by notice to Lender as
provided herein, and (b) any notice to Lender shall be given by first class mail to Lender's add~ess stated herein or to such
other address as Lender may designate by notice to Borrower as provided herein. Any ~otice provided for in this Security
lnstrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
D. UNIFORM SECURITY INSTRUMFNT; GOVERNING LAW; SEVERABILITY
Uniform Covenant 15 of the Security Instrument is amended to read as follow~s: -
15. Unlform Security Instrument; Governing Law; Severability. This form of Security lnstrument 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 F
jurisdiction in which the Property is located. In the er•ent that any provision or clause of this Security Instrument or the ~
Note conflicts with applicable IaK~, 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 declared to be severable.
E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
Uniform Covenant 17 of the Security Instrument is amended to read as follows:
17. Transfer of the Property or a BeneficiRl Interest in Borrower. If all or any part of the Property or an interest therein
is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
without Lender's prior written consent, Lender may, at Lender's option, declare ail the sums secured by this Security
Instrument to be immediately due and payable. However, this option shall not be exercised by Lender if exercise is
prohibited by Federal law as of date of this Security Instrument.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in acco~dance with
paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
w~hich Borrower may pay the sums declared due. lf 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.
Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument !
unless Lender has released Borrower in w~riting.
F. COVENANT DELETED
Non-Uniform Covenant 2t of the Security [nstrument ("Fuwre Advances") is deleted. ~
G. LOAN CHARGES ~
If the loan secured by the Securit}° Instrument is subject to a law• which sets maximum luan charges, and that law is finally
interpreted so that the interest or other loan charges collected or to tie 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 limir, and (2) an}~ sums already collected from Borrower w~hich exceeded permitted limits will be refunded to
Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
; payment to Borrower. lf a refund reduces principal, the reduction will be treated as a partial prepayment under the Note.
I H. LEGISLATION
f If, after the date hereof, enactment or expiration of applicable law~s ha~~e the effect either ot~ rendering the provi~ions of the
~ Note, the Security Instrument or this Adjustable Rate Rider (other than this paragraph H) unenforceable according to ~
~ their terms, or all or an~~ part of the sums secured hereby uncollectable, as otherw~ise provided in the Security Instrument
and this Adjustabie Rate Rider, or of diminishing the ~~alue of Lender's security, then Lender, at Lender's option, may
~ declare all sums secured b~• the Securit~• Instrument to be immediatel}• due and pa~~able.
IN ~~'ITNESS WHEREOF, Borrow~er has executed ,his Adjustable Rate Ridcr. -
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~jjj,j, ~ ~3~~ -eorrower
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JF~AN ~u~~,!!`~'IItAYNO~t• • • . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . (Seal)
•Borrower
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-Borrower
- [Sign Orginal OnlyJ
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~ 1500026569
~ 00184000359 ~ ,~~~r ~5~ P~~~F ~~7
Frst American Tit,e Com;;any cf St. Lucie, Inc.
~ ~ AFih71 Rider-Plans A•2 and A•3 (Page 2 of 2 pages)
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