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HomeMy WebLinkAbout0936 B. CHARGF:~; LIE:ti~ : ? ~ ~ Uniform Covenant G of the Security Instrument is amended tore~dec~folloHS: 4. Charges; Lie~. Borrower shall pay all taxes. assessments, and other rharges, fin~~s and im~sitions auributable to the Property which may attain a Priority over this Security Instrument, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, direc;tly to the payee thereof. Borrow•er shall promptly furnish to Lender all notices of amounts Jue under this paragraph, and in the event Borrower shall make paymrnt directly, Borrower shall promptly furnish to l ender receipts evidencing such payments. Borrower shall promptly discharge any lien which h~ priority over this Security Instrument; however, Borrov?~er shall not be required to discharge any such lien so long as Borrower: (a) shall agree in w•riting to the pa}•ment of the obligation secured by such lien in a manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, legaf proceeciings which in the opinion of Lender o~rate to prevent the enforcement of . the lien or forfeiture of the Propert~~ or any part thereof; or (c) shall secure from the holder of such tien an agreement in a form satisfacrory to Lender subordinating such lien to this Securiry Instrument. lf Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Securit}• lnstrument. Lender shall give Borrow~er a notice identifying such lien. Borrower shall satisfy su~~h lien or take one or more of the actions set forth above within ten days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: - 14. Notice. Except for any notice required under appGcable law to be given in ar.other manner, (a) any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail to Borrow~er at the _ Propeny 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~address 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 Instrument shall be deemed to have been given to Borrower or Lender when given in the mar.ner drsignated herein. D. UNIFORM SECURITY INSTRUMEtVT; GOVERNING LAW; SEVERABILITY - Uniform Covenant IS of the Security Instrument is amended to read as follows: 15. Uniform Security Instrumenh Goveming Law; Severabilin•. This form of Security Instrument combines uniform covenants for national use and non-uniform covenants with 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 jurisdiction in which the Property is Iocated. ln the event that any provision or clause oi this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting pro~•ision, and to this end the provisions of this Security Instrument and the Note aze declared to be severable. E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of ihe Security Instrument is amended to read as follow~s: 17. T~nsfer of the Property or a BeneficiAl Interest in Borrower. If all or any pazt of the Property of an interest therein is so(d or transfened (or if a benefi~ial interest in Borrower is soid or transferred and Bonower is not a natural person) ; without Lende~'s prior written consent, Lender may, at Lender's option, declare all the sums secured by this Security ~ ; Instrument ta be immediately due and payable. However, this option shall not be exercised by Lender if exercise is not ~ authorized by Federal law. F If Lender exercises such option to accelerate, Lender shall mail Borrow~er notice of acceteration 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 R 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 pazagraph 18 hereof. ~ Notwithstanding a sale or transfer, Bonow~er will continue to be obligated under the Note and this Security Instrument ~ unless Lender has released Borrower in writing. ~ • F. LOAN CHARGFS If the loan secured by the Security Instrument is subject to a law which s~ts maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan chazge shall be reduced by the amount necessary to reduce the charge to the permitted limit; ~ and (2) any sums already ~ollected from Borrower which exceed permitted limits will be refunded to Borrower. Lender may ~ choose to make this refund by reducing the principa! owed under the Note or by m~king a direct payment to Borrower. I f a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. ~ ~ ~ 1N WITNESS WHEREOF. Borro~?er 6as e:ecnted this AD~USTABLE RATE Rider. ~ ~ '71041.~. ,s . ................................................................(Seal) ~ Hart'y 1~ds -Borrower ~ ~ ~5 ,~113 A11 ~37 ~ ~ L~~:~~............................(Seal) ~ Barbara Ann Vass -Bo~~owe~ ~ FiLEO ' ` ~ ROGE~ r . . s ST. L~Ci - ~ Seal) -Borrower ~ (Sign Original Only) ~ ~ d~~K4~~ PaGE ~ , ~ _ - _ - _ y~~ . : - ..ny ~Y J 1~ yy}X:e~'"s~~. `~k34". ~~?~y :~.Y n.n. j ~y'V ~if'.--'- ~ . . . _ . . .