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HomeMy WebLinkAbout0973 ~ y c'l i;:~~ faith a~ntest such lien by, ur uefGnd ag~inst cnforc~cment of such I~~n m, le¢al proceedin~~ which m the upinwn ol' Lender operate to prcvent chc cnforcemcnt ul'~he licn ur forfeuurc of thc Propeny or any pan thertof: or (c) shaU securc from thc holder of such lien an aercemrnt in a form sat~sfaaory to lxnder suburdinating such licn to this Stcunty Instrument. If Ltnder a~~termines rhat all or any part of the Prop~ny is subject to a lien which may attain a pnonty over this Security lnstrument, Ltnder shall give Borrower a notioe idenufyin~ such lien. Borrovrer shall satisfy such lien or take one or morc of the actions set forch above within ten days of the givinY of the notia. C. NOTICE Uniform Covenant 14 of the Security lnstrument is amended to rcad as follows: 14. Notke. ~~t for any notice rcquired under appli~ble law eo be given in another manner, (a) any notioe to ! Borrower provided for in this Security Instruinent shall be given by delivering it or by mailing ~t by first class mail to 4 Borrower at the Property Address or at such other address as Borrower may designate by notia to Lender as provideci herein. and ( b) any nocice to l.ender shall be given by first class mail to Lender's address stated herein or t~ such ~ other ad~ress as Lendtr may designate by notice to Borrower as provided herein. My notia provided for in this Security Instrument shatl be deemed co have been given to Borrower or Lender when given in th~ manner designated herein. D. UN1F0ltM SECURITY INS'TRUMENT; GOVEItNlNG LAW; SEYERABIIITY Uniform Covenant l5 of the Security Instrument is ameaded to read as follows: IS. Uniform Security lastrument; Goremiag l.aw; Sererability. This form of Securiry Instrument oombiaes uaifurm oovenants for national use and non-uniform oovenants with limited variations by jurisdiction to ~nsdtute a uniform security instrurnent oovering real property. This Securiry Instrumenc shall be governed by Federal law and the law of the jurisdicrion in which the Yroperty is located. In the eve~t that any provision or clause of this Securiry Inswment or the Note conflicts with apglicable law, such oonflict shall not aflect other provisions of this Security Instrument or ; the Note which can be given effect wichout the oonflicting provision, and to this end the provisions of this Security ; Instrument and the Note are declased 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. Trarester of the Property or a F3ec~eficial Interest in Borrower. If all or zny part of the Praperty or ar. interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natu~al person) wichc~ut Lender's pr.or written oonsent, l.ender may, at Lender's ~ption, declare all the sums secured by this ; Security Instrument to be immediately due and payable. However, this opdon shzU not be exercised by Ixnder if ~ i exercise is not authorized by Federal law. . { C If Lender exercises such option to aocelecate, Lender shall mail Borrower nodce of avoeleration in acoordance with ' ~ paragraph 14 hereof. Such noti~ shall provide a period of not less than 30 days from the date the notia is mailed f within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the exFiration of ~ " such period, l.ender may, without further nocice or de~nand on Borrower, invoke any remedies permitted by paragraph l8 hereof. Notwithstanding a sale or transfer, Borrower Rill oontinue co be obligated under the Note and this Securiry Iastrument unless Lender has released Borrower in writing. F. LOAN CHARGFS If the loan secured by the Se~urity Instn:ment is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be o~llected in ooanection with the loan ~aceed permittcd limits, then: (1) any such loan charge shall be rcduced by the amount ncoessary to reduce the charge to the permitted limir and ( 2} any sums already oollected from Borrower which Exceeded pemitted limits will be refvnded to Borrower. Lender may choose to make this rcfund by red~cing the principal owed und~r the Note or by making a direct paymeut to Borrower. If a rcfund nduces principal, the r+~duction wil! be treated as a partial prepaycneut under the Note. , F Ir WrrHESS WttES~, Borrower 6as executed t~b Adj~st~bfe Rate Ri~ier. ~ ~?92~91 ' ~ • ~ + r n ~ ~ - - ~r:~:;.~;,+,~~ ..~`:.......1~'~f...::.~?.~ir!" :.~^r ...........................(seal) ~ '~5 F~B 18 p 3;j 0 neth R. h i 9 ~o -6~~ ; , ~ ~i~t~ ~r~ - . , .......................~se~~ RO&ER t'~ Den i se M. Ho S i ng Loy ~ ~~'r°r ~ ST. Llii,t~ , _ - , ~ ~eal ) ~ -eorrower (Slpn Or?plnal Onry) ~ - • . ~ BOOK4`~' eacE ~ ~~h,;.l R .,amon ~,~~,e„ ~ . _ . _ . . - . ~ - ' ~ . . . . - -