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HomeMy WebLinkAbout0952 ~ . / 1 . , ~ I , i t t ( B. ('HAR(;F:.ti; LIF:tiS Uniform C'o~enan~ 4 0l th~ Sc~urit~ Imtrument i. amenJed to rrad as t~~~llo~~;: 4. ('harRes; Liens. Borro~~cr ~hall pa~~ all taxes, a~u~,men~s, and other rhargc~, tine~ and im{wsitions attributable to the Propert~• Hhich ma~~ attain a priurity c~~er this Sc~urity I~~~trumrnt, and lea.rhold ~a~ment~ or graund rent,, i1~ any, in the manner prorideci under paragra~h 2 hereof ur, ii not paid in wch manner, by Burro~~er making payment, w~hcn due, directl~~ ro the pa~~ee ther~ol. 43urro~~cr ~hall prom~tl~~ lurnitih to l.ender all notir~~ ot amount, due under this paragraph, and in the e~~eri Borro~ti~er shall make pa~~ment dirc~~l~•, Borro~~er shall prum~th~ furnitih to l.ender rc~eipts e~~idencing such 1- payments. BorroH~er shall prompth~ di.rharge any lien ~~hirh has priosity o~•er this Se~urity Instrurnent; ho~~e~~er, Borro~~er shal! not be reyuireci to diti~harge am~ .urh lien ,o long as Borro~~~r. (a) ~hall agr~r in ~~riting t~~ the payment of the obligation sc~ured b}• surh lien in a mann~r ar~c~table to Lender; ~h1 shall in g~xi taith ront~~t such lien by, or defend against enforrement af ~urh lien in. Icgal rnkctiding, hirh in the a~inion ot Lender o~xratr to pre~ent the rnl~orcement of the lien or forfeiture of~ the Pro~er~~~ or am~ ~art ihereof; or (~1 ~hall ~~~urr trom the hol~ier ui~ tiuch lien an agreement in a form satisfactorp to Len~fer ,uhorclir.atin~ ~urh lien tc~ thi, Se~uril~~ Instrument. If Lendes determines that all ~~r am~ pan of thc Pro~xrt~~ is ~ubj~-~t to a li~n ~~hirh ma~~ attain a priority o~~er this Se~urity Instrument, Lender shall gi~e Burm~~er a ncni~e iclentif~ing ~urh lien. Borro~~cr,hall wtist~~ ~urh licn ur take one or more of the actions set torth abo~~r ~~ithin tcn da~~ ot th~ gi~ing ut the notir~. C. NOTICE Uniform Co~~enant !4 ot~ the Sc~urit~~ In~trumcnt i, amended to read ati fullo~~~: ld. Notice. Except for am~ noti~e reyuired under a~~lircihlc la~~ tu hc gi~ en in another manner, (a) any rotice to BorroN~er provided for in this Securih~ Instrument ,hall he ~i~en M cleli~ering it ur by mailing it b~• tirst class mail to Borrower at the Property Address or at su.h other addret~ as f3urru~ser ma~ dc~ignate b~~ noti~e to Lender as provided herein, and (b) any notice to Lender shall be gi~en by first clasti mail to l.end~r'. addre~~ ~tated hcrein or to surh other address as Ler,der may designate by notice to Borro~~er as pro~ ided hrrein. An~~ notire Pro~ ided'or in tni~ Securit}- Instrument shatl be deemed ro have been given to BorroNer or Lender ~~hen gi~en in the mann~r de.ignated herein. D. UNIFORM SE:CURITY 1\STRUMEti7; GO~'F.RtiI\G I.A~ti'; SE~'ERABII.ITY Uniform Covenant IS of the Se~-urit~~ Instrument i~ amended to read as tollo~~s: 15. Uniform Security Instrument; Gu~ernink I.aw; Se~erabiiih. Thi~ iorm of Security Instrument combines uniform covenants for national use and non-uniform cu~enants ~~ith fimited ~ariatiom b~~ juri~dirtion to constitute a uniform _ ~ security instrument covering real pro~ert~~. Thi, Serurit~~ Imtrumrnt shall be go~erned by Federal law~ and the law• of the } juri~diction in w~hich the Property is Ickatecl. In the e~ent that am~ ~ro~~ision or rlause of this Security Instrument or the ~ Note conflicts with applicable la«, such ic~nClict ~hatl not at~f~ect other pro~ i~ions of this Securit}~ Instrument or the Note ; ~vhich can be given effect without the conili~ting ~r;~~ ision, and to this end the pro~•isians of this Security Instrument and ! the Note are declared to be se~erable. ~ ~ ~ E. TRANSFER OF THE PROPF;RTY OR A BF:tiF:tlC'LAI, ttiTE:RI~:.~T I\ BORRnV~'ER ~ Uniform Covenant 17 of the Sc~urit~ In~trum~nt i, amended to read as folioHS: ~ 17. Transfer of the Propert~~ or a Beneficial Interest in Borrower. If all or any~ part of the Property~ of an interest therein :s sold or transferred (or iF a benet~rial intcre~t in f3orro~?er is sold or tramferrcd and Borrower is not a natural person) without Lender's prior written ron~ent, Lendrr ma~, at l.ender's option, declare all the sums secured by this Securitp Instrument to be immediatel~~ due and ~a~aMe. Ho~~~e~er, this option shall not be exercised by Lender if exercise is not authorized by Federa! la~~. ~ If Lender exercises such option to ac~clerate, Lender tihall mail Borro~~er notice of acceleration in accordance with paragraph 14 hereof. Such notice shall ~ro~ ide a~eriocl of not less than 30 days from the date the notice is mailed wi[hin which Borrow~er may pay the sums declared due. 1f 8orrower fails to pa}~ such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, im~oke any remedies permitted b~~ paragraph 18 hereof. Notwithstanding a sale or transfer, Borrower ~cill con?inue :o be obligated under the Note and this Security Instrument unless Lender has released Borro~~~er in writing. F ~ F. I.OAN C:NARGF:.S ~ If the loan secu~ed by the Security~ Instrument is subject t~ a law- which sets maximum loan charges, and that law is finaliy ~ intzrpreted so that the interest or other loan charges c~1{ected or to be collected in connection with the loan exceed permitted limits, then: (1) any such ioan charge shall be reauced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums alr~ady colle~:te.~i from Borrower which exceed permitted limits will be ref unded ro Borrower. Lxnder may choose to make this refund by reducing the ~rincipal owed under the Note or by making a direct payment to Borrower. If a relund reduces principal, the reduction will be treated as a partial prepayment under the Note. ~ ~ ~ ~'N 476 PAGE 95i ~ BUOK ~ ~ . ~ ~ _ _ _ _ . .._.~~,~._.t. . .~.n-