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HomeMy WebLinkAbout0946 : t C. NOTICE Uniform Cuvenant 14 of the Security Instrument is amended to read`as~folldws: 1~. Notke. Except for any notice rcquired u~der applicable law to be ~iven in anoth~r manner, (a) any ~otice to Borrower provided for in this Security lnstrumtnt shall be given by delivering it or by mailing it by first class mail addressed to Borcow+er at the Property Address or at such other address as Borrower may designate by notice to I.ender as provided htrein~ and (b) any noticr to Lender shall be given by first class mail to L~nder's addras stated herein or to such ~ other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security 3 lnstrument 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 ~ ~ Uniform Covenant 1S of the Security Instrument is amended to read as follows: f ~ IS. Uaitorm Secu~ity Instrumsnt; Governin~ L.aw; Sevenbllity. This farm of Security Instrumcnt combines uniform covenants for national use and non•uniform covenants with limited variations by jurisdiction to conscicute a uniform security instrument covering r~al property. This Security lnstrument shall be governed by federal law and the law of the jurisdiction in which the Property is tocated. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable taw. such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the contlicting provision. and to this end the provisions of this Security Instrument and i ~ the Note are declarcd to be severable. ~ ~ E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrumcnt is amended to read as follows: 17. Tr~nster o! the Property or a Beneficial Interest in Bonow~er. If all or any part of the Property or an interest th~rein 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, dec.tare all the sums secured by this Security Instrumrnt to be immediately due and payable. However, this option shall not be erercised by Lender if exercise is prohibited by Fedtral law as of date of this Security instrument. If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acCeleration in accordance with , paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within f which Borrower may pay the sums declared due. lf Borrowor 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 5ecurity Instrument unless Lender has released Borrower in writing. F. COVENANT DELETED Non-Uniform Covenant 21 of tfie Security Instrument ("Future Advances") is deleted. G. 'LOAN CHARGFS [f the loan secured by the Security Instrument is subject to a taw which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charga collected 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 limit; and (2) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this rtfund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be trcated az a partial prepayment under the Note. H. LEGISLATIOIV i If, after the dat~ hereof, enactment or expiration of applicable laws have the effect either of rendering the provisions of the I Note, the Security tnstrument or this Adjustable Rate Rider (other than this paragraph H) unenforceable according to their terms, or all ar any part of the sums secured hereby uncollectable, as otherwise provided in the Securiry Instrument ~ and this Adjustable Rate Rider, or of diminishing the value of Lender's security. then Lender, at Lender's option, may ~ ~ declare ail sums secured by the Security Instrument to be immediately due and payable. ~ , ~ [N WITNESS V1%HEREOF, Borrower has executed this Adjustable Rate Rider. ~ , ~ GZ~Z?~ " i~~~~ • •a`"` ~ . . . . . . . . . ( Seal ) . . . .I~,TtC~L p: ~ RTC~~ftD ' -so«oW.~ ~ ~ ~ . . . . . C:`~d!L~ . . . . . . . . . . . . . (Seal) tir:l.rT1 t`'1 ~ ~C~lAkil) ~ . -Borrower ~ ~ ...........................................................(Seal) -Borrow~r f F [Sign Orginal OnIyJ ~ . t i i ~ ~ ~ ~ ~ ~ ; ~ . ~ ~ ~ 8ooK455 ~a~E 945 ' ~ _ 3 ~ ARM Rlder-Plans A•2 and A•3 y(Page 2 of 2 pages) ~ ~ ~ - - ~ -