HomeMy WebLinkAbout0976 B. ('HAR(;t:.ti: I.IF:1~ti
Uniform ('o~•~nant J ut thc Sc~urit~ In~trum~nt i~ am~n~lyd to rcad a. tullu~~.:
4. CharKes: I.iens. l3urru~~~r ,hall ~a~ all ta~e~, a,~e~~ment,, .ind other rharge•, fine~ an~i im~~~~i~iun. attrihutable to ~h~
Propert~~ ~vhi~h may attain a pri~~ri~~• u~er ~hi~ S«urit~ Intitnumnt. ancl lea~eh~~~d ~a~mrntti c~r g?uund rent.. il an~~, in the
manner pro~•ideei un~1~r naragra~h hcrruf ur, if n~t ~ai~f in ,u~h mann~r, h~ Barru~ver making payment. ~~hen due,
dirc~tl~~ tu the ~a~•c~ ~herei~f. l3urru~~cr ,hail ~rum~tl~ turni.h tu L~n.lrr all nutir~~ ~~t~ amuun~s dur under thi. ~aragraph,
and in the e~•cnt Borru~~er ~hall makc ra~~ment dirc~tl~. F3urre~~~cr.tiall {~rum~th t~?:rni.h tc. Lender rc~eiptti e~ idenring ~u~h
pa~•ments. Borro~~cr shall p~umptl~~ cii,rharg~ .in~ lien ~+hi~h hati priurit~ ~~~er thi~ Srrurit~• In,trumrnt; howe~•er, Borro~~er
shall not t~e reyuire~l tu ~ii,rharze an} .u~h lien long a~ l3urru~~er. ~a) ~hall agrrr in ~~riting to the payment of the
obligation serurecl b~• ,urh lien in a manner a:~~~~tahle tu Lendrr, Ih1 ~h,tll 1Il !!tK)lI I:iith cunt~y~ tiurh lien b~, or delenct
against enfor~ement ul ,u~h lien in, leg.il ~,r~krr.ling. hi~h in th~ u~iniuzi ot I.rndrr u~xratr tu ~re~ent the enfur~ement of
the lien or forl~eiture ol th~ Pru~xrt~ ur am ran there~~l: ~~r (r) tihal! .~~inc fr:~m th~ he~l~i~r ~~f tiu~h lien an agrc~ ment in a
form satisfartory to Lendrr `uh~~rdinatin. .?ich lirn te~ thi. S«urit~ In~trument.
If Lender determineti thai all ~~i am ~art ~~I the 1'ru~~crt~~ i, ~ubj~tit t~~ a lien ~~hirh ma~ att:~in a ~riorit~• ovrr this Sc.urit~•
Instn~ment. Lender shall gi~r Burru~~rr a n~~ti« i~lrntit~ inc .u~h lien. liurn+~~rr .hall ,ati~l~ uirh lien or take one or tnore
oi the a~~ions,et forth aho~~ ~~ithin ten t1a)~ vf th~ tii~in~ ui th~ nc~ti~e.
C. NOTICE
Uniform Co~•enant la of the Se~urit~ In~trum~nt i~ amrnarci tu re~+~1 a, f~llu~~ti:
14. Notiee. Except (or am noti~e reyuired un~ler arrli.•;~hk la~~ tu h~ gi~~n in another manncr, (a) an~• notice to Borro~cer
provided for in this Se~urit~ Instrumrnt ~hall he gi~ri~ h~ deli~ering it or b~ mailing it b~~ fint rla~~ mail ta Borro~er at the
Propert}~ Address or at surh uther ad~irr.~ a~ f3orr~~~~cr ma~ de.ignate h~~ notire to Lender as provided herein, and (b) any~
notice to Lender shall he gi~en b~~ iirst cla,~ mail t~~ I.~nci~r'. cieielrr.. ~~ated h~rein or to such other addrns as Lender may
designate by notice to Borro~tier as ~ro~ided her~in. :1m n~?ti~e rru~ ided far in thi~ Se~urit~~ Instrument shall be deemed to
ha~~e be:n gi~~en to Borrower or Lender ~~hen gi~~n in the ?nanner ~fe~iLnated herein.
D. LTti1fORM SECl1RITti' ItiSTRl~11t:\1: (~O1l~:R\1\(~ LAN: st:~~r:k~K~t.rr~~
Uniform Co~~enant IS of the k~urit~ Imtrumrnt i~ amenclrci i~~ read a, follo«s:
15. Unifurm Securit~ Instrumenl; Gu~ernink I.aN; Severabilih. ~Thi, ic~rm uf krurit~ In~trument combines uniform
co~~enants for national use and non-unitorm ~u~~nant~ ~~ith limit~d ~ariation~ b} jurisdirtion to constiwte a uniform
security instrument co~~ering real pr~~pert~. Thi. Srrurit~ In~trumen! ~hall be go~erned b} federal la~~~ and the law~ o` the
jurisdiction in w~hich the Pro}k.rt~~ i~ Ickatrei. In the etient that an~ ~ru~i~ion or clause of this Serurity Instrument or the
Note conflicts ~vith applirable la~ti, ~urh ~emt~ici .hali nut affr~t oth~r rm~i,ions ~>f thi5 Serurit}~ Instrument or the Note
which can be gi~~en efft~t withuut the contlir~ing ~ru~i~ion, ana ic~ thi, end the pro~itiiom of this Securit~• Instrument and
i the Note are declared to be se~erable.
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€ E. TRA\SFER OF THE PN()Pt:R~(l" ()R :1 BF:tiE:E7('IAI. 1\ I t~:NF:ti"I 1~ Bt)RROW'ER
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k Uniform Co~•enant 17 of the Se~urit~ Imtriiment i~ amen~leci t~, rcad a~ f~~Uu~~~:
17. Transfer of the Propen~ or a f3eneficial Intertwl in Burrower. I! all c~r am• {~art ot the Prc~pert~~ of an interest therein is
Sold or transferred (or if a bcnefirial interc~t in {3~~rro~~er i5 sold c~r tran~ferred and Borro~cer is not a natural person)
Hithout Lender's prior ~~ritten c~~nti~nt, l.rnei~r rna~, at Lendrr'c optio:~, de~larr all the tiums secured b}~ this Securit~~
Instrument to be immediatel~ due anci ra~ahlr. Hu~~c~er, thi~ o~tion ~hall not be exerritied b~ Lender if exercise is not
authorized by Federal la~+.
~ If Lender exercises surh option to a~~elerair. Lrn:icr ,hall mail Borra~~er notire of acceleration in accordance with
paragraph 14 hereof. Surh notire tihall ~r~~~idc a{kri~~d ~~f not leti~ than 30 da~~~ from the date the notice is mail~d w~ithin j
which Borro~cer may ~a}~ the sum, deilared d~ie. If t3orro~cer tail; ta ~a~~ wch sums prior to the expiration of such period, ;
l.ender may, without t~urth~r noti~e or demand ~m Borr~~~;r, imoke an~~ remcdic~ permitted by paragraph 18 hereof.
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~ Not~ithstandine a safe or transier, t3orru~~er ~~ill ;ontinue to be c~hlieated un~ier the Note and this Security Instrument
unless Lender has relra~ed Borrc~~~er in ~~riting. ~
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~ F'. LOAti CN.ARi;F:.ti
~ If the loan tierured h}~ the krurit~ Imtrument i~ subject to a la~i ~~hich sets maximum ioan ~~~arge,, and that law is finall}~
interpreted so that the interest or other loan charges co{lecied or to be collerted in connection µ~ith the loan exceed permitted '
~ limits, then: ( I) an~~ surh loan charge shsll he reduced by the amount necessar}~ to reduce the charge ro the permitted limit;
and (2) any sum, alread}• collerted from Borrower H~hich exceed permitted limits will be refunded to Borrower. Lender may
choose to makc thi~ refund b~~ reducing the prinripal owed under the Note or by making a dirert payment to Borrower. If a
refund reduces principal, the red~ction wi+.! be treated as a ~artial prepayment under the Note.
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~ a~~~471 ~a~E 975
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