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HomeMy WebLinkAbout0978 ~ , , ~ .d ~ ? B. CHARGE:S; LIENS Uniform Covenant 4 oi' the Security Instrument is amended to read as foilows: 4. Chs~Fges; Liens. Borrower shall pay all taxes, assessments, and other charges. fines and impositions attrib~table to the Properry w~hich may attain a priority over this Security lnstrume~t, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 herea~ or. if not paid in surh manner, by Borrower making payment, when due, • directly to the payee thereof. ~3orro~ver shall promptly furnish ro Lender all notices of amounts due under this pa~agraph. and in the event Borrower shall make payment directly, Borrower shali promptly furnish tu Lender rereipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Sc~:urity lnstrument; however. Borrower shail not be required to discharge any such lien so long as Borro~~er: (a) shall agree in writing to the payment of the . obligation secured by such lien in a manner a~ceptable to Lend~er; (b) sha~~ in good faith rontest such lien by, or defend against enforcement of such lien in, legal proc~ezdings which in the opinion of Lender operate !o prevent the enforcement of the iien or forfeiture of the Propert~~ or any part thereof; or (c) shall secure irom the halder of such lien an agreement in a form satisfactory to Lender subordinating surh lien tc~ this Sc~:urity lnstrument. ~ If Lender determines that ali ar any part ot' the Property is subject to a lien which may attain a priority o~•er this Securit~ Instrument~ Lender shall gi~•e Borrower a notice identifying such !ien. Borrower shall satisf~~ such lien or take one or more of the actions set forth abo~~e within ten days of the giving oi' the notire. C. NOTICE ' Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. Notiee. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Security lnstrument shall be gi~•en by deli~~ering it or by mailing it by first class mail to Borrower at the Property Address or at such other address as Borrow~er 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 address stated herein or to such other address as Lender may ' designate by notice to Bonower as provided herein. Any notice procided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. D. UNIFORM SECURITY INSTRUMENT; GOVERrIltiG I.AVY; SEVFRABILITY Uniform Covenant IS of the Security Instrument is amended to read as follows: IS. Uniform Security Instrument; Govesning l.aw; Severability. This form of Security Instrument eombines uniform covenants for national use and non-uniform cov~nants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument-shalf be governed by Federal law and the law of the jurisdiction in which the Property is located. In the e~•ent that any provision or ~lause of this Security Instrurr.ent or the Note conflicts with applicable {aw, such contlict shall not affect other provisions of this Security Instrument or the Note which can be given eFfect without the conflicting provision, and ro this end the provisions of this SeCUrity Instrument and ~ the Note are declared ro be severable. k I ~ f E. T~tANSFER OF THE PROPERTY OR A BENEFICIAi. ItiTEREST IN BORROWER c Uniform Covenant 17 of the Se~urity Instrument is amended to read as follows: ~ 17. Tramfer of the Property or a Bene~cia! Interest in Bflrrower. If ali or any part of the Property of an interest therein is ~ sold or transferred (or if a beneficial interest in Borrower is soid or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at Lender's aption, declare all 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 not authorized by Federal law. If Lender exercises such option ta 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 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 further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof. Notwithstanding a sale or transfer, Borrow-er will continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing. ~ ~ F. LOAN CHARCFS ~ ~ If'the loan secured by the Security lnstrument is subject to a law which sets maximum loan charges, and that law is finally g> F- interpreted sa that the interest or other loan charges collected or to be collected in connection with the loan execed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge to the pem~itted limit; and (2) any sums already collected from Borrower which exceed permitted limiis will be refunded ro Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bocrawer. If a refunci reduces princ+pal, the reduction will be treated as a partia! prepayment under the Note. ~ [1R ~r ' , 800K PdGE ~ I ~ . ~ ~ . ~ , • _ ~e ~ _ ~ z - -