HomeMy WebLinkAbout0944 B. ('HAR(;F:.ti; t.l~;titi
Uniform Corrnant 4 ui the Sc~urity lmtrumrnt i~ amende~l to read ati tollu~st:
4. Char~es; l.iens. k3orro~rrr shall pa}~ all taxes, as.c~sments, and o~her charg~-~, tinch and im~x~~itions attributable to the
Propert>• ~~~hi~h ma>• attain a~riurit>~ o~er this Sc~urity In~trumcnt, and Icasehuld pa~mcnts or ground rents, if
any, in the
manner pravidecl under paragraph I, hereoi~ or, if not naid in such manner, b~~ B~~rro~~er making payment, ~~•hen due,
c3irtrtl~~ to the pa~~r thereui. t3orru~.er shall prom{~tl~~ 1'urni~h to Lendcr all noticc~ uf amoun~s due under this paragraph,
an~ in the e~~ent Borro~~~er shall make pa>~ment dirc~th~, Borro~ver shail promrtt~~ furni~h to t.ender receipts e~~idencing such
payments. Borro~~•er shall promptl~~ di.rharg~ any~ lien «hicf~ has priorit~• o~er thi~ Sc~urity lnstrinnent; hawever, Borro~~~er
shall not Ue requirecl to disrharge an}• ~uch lien ~o long ati E3orro~+~er; (a) ,hall agr~~ in riting to the payment of the
obligation secure~l bp surh lien in a manner a~ccrtablc ta l.ender, (b) .hall in g~xx1 faith ~ontest such lien by, or det~end
against ent~orrement o1~ such lien in, hgal rrekc~ding. hirh in the o~inion ot Lendcr c~Fx rate to prevent the enf~orccment ot
the lien or forfeiture of~ the Pro~rt~~ or am~ ~art tl~ereoi; ~~r ~r) shall ;~tiurc I~rom thc holdcr of tiu~h lien an agreement in a
form satisfactory to Lender wbordinatinc ~urh lirn to this St~uritti~ In~trument.
If Lender determines that a!1 or am~ part ol ttie Prc~T,er~y i. subject to a lien ~~hirh ma~~ attain a priorit~• over tnis Securit}~
lnstrument, Lender shall gi~e Borro~~er a n~»i~c iclentif~~ing ~uch lien. Borro~~rr ~half ,;~ti.l~~~ su~h lien or take one ur more
of the actions set forth abo~~e ~~ithin ten ~ia~ti of thr gicing o1 ih~ n~tire.
C. NOTICE
Uniform Co~~enant 14 0l~ the Sc.~urin instrument i~ amend~d to read as fo!lo~~~:
14. hotice. Except for any notice reyuireci under a~rli:ahlr la~~ te~ be gi~en in~another manner, ~a) any~ notice to Borrower
provided for in this Security Instrument shall he gi~cn b~ cieli~rrin~ it c~r by mailing it b~~ f~rst rlass mait to Borrower at the
Property Address or at surh other addres~ as Borro~~er ma~~ Jr~ignatc b~ notire ;o (.ender as provided herein, and (b) any
notice to Lender shall be given b}• tirst class mail to Lendcr'~ adc~re:~ sta~ed herei:~ or to such other address as Lenrler may
designate by notice to Barro«cr as ~ra~~idecl hrrein. :'~nt~ notire {~r~n idee! iur in this Serurit}~ )nstrument shall be deemed to
have been gi~•en to BorroHer or l.ender ??hen giten in the manner elesignatc~d herein.
D. UNIFORIN SECURITY ItiSTRI'ME\T; GO~'ER\1\G LAV1'; SE:~'H:RABILITI'
Uniform Covenant 15 of the Serurit~~ In~trument i, amenclyd tu read ati folla~is: €
15. Uniiorm Security Instrument; Ga~~erninR I.aN; Se~erabilit~, Thi, form of Sc~urity Instrument combines uniform j
covenants for national use and non-uniform ~u~enantti ~~ith iimited ~ariation~ b~~ jurisdirtion to constitute a uniform ~
security instrument covering real ~;ropert}~. This 5c~urit~~ In~trument tihal: tx go~•erneci b~~ Federa! law and the law of the ~
jurisdiction in which the Propert}~ is la-atecl. in the e~ent that an}~ pro~ ision or clause of this Security lnstrument or the
Note conflicts with applicabie iaw~, sunc ~onflirt shall not afiect other Pro~isions of this Security Instrument or the Note
which can be given effect without ~he cunt7ictine pru~itiion, anci t~ thi~ end the pro~~isions oi this $ecurity Instrument and
the Note are declared to Ix se.~erable.
L. 7'RANSFER OF THE PROPERTti' OR A B~:tiEF1C'IAt. 1\TE;RH:.yT Iti BORROV4'ER ~
Uniform Covenant 17 ot the Securit~~ Instrument is amended to read as follo«s: ~
l7. Transfer of the Property~ or a Beneficial Interest in Borro~er. If all or an~~ part of the Property of an interest therein is
sold or transferred (or if a bene~cial inter~~t in Burro~tier is sold or transferred and Borro~~~er ~s not a natural person)
without Lender's prior aritten con,ent, Lenaer ma~~, at Lender's option, dt~lare all the sums secured by this Security
{nstrument to be immediatel5- due and pa~~ahle. H~~~~e~~er, this option shaii not be e.r-ercised by Lender if exercise is not
authorized by Federal taw~.
[f Lender exercises such option to acrelerate, Lender shall mail QorroHCr notice of acceleration in accordance with
paragraph 14 hereuf. Such notice shall ~ro~~ide a pericxi of not less than 3~ days (rom the date the notice is maiied within
which Borrow~er may pay the sums declared due. If Borro:~~er Fails to pa~• such sums prior to the expiration of such period,
Lender may, without further notire or demand on f3orro«er, in~~okc an~• remedies permitted by paragraph 18 hereof.
Notw•ithstanding a sale or transfer, Borra~er will continue to be obligated under the Nate and this Security Instrument
unless Lender has released Borrow~er in «riting.
M. LOAN CHARGFS ~
(f the loan secured by~ the Sc~curity Instrument is subject to a law w•hich sets ma~imum toan charges, and that law is finally
inierpreted so thai the i~terest or other loan charges collected or to be collec;ted in connection with the loan exceed permitted
limits, then: ~l) any such loan charge shail be reduced by the amount necessary to reduce the charge to the permitted limit;
and (2) any sums already collected from Borrower which exreed permitted limits will Ee refunded to 8orrower. Lender may
choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a
refund reduces principal, the reductiun will be treated as a partial prepayment under the Note.
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