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e. CHqRGES; LIENS °
~ Uniform Cover?ant 4 of the Securi;y Instrument is am~nded to ~ead as follows: ~
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4. ~Ch$r9es; Liena. Bo~rower shall pay all taxes, assessments, and other charges, fines and impositions attributable ~
to the Property which may attain a priority over this Security Instrument, and leasehold payments af ground rents,
it any, in the manner provided unaer paragraph 2 hereoi or, if not paid in such manner, by 8or~ower making
payment, when due, directly i~ ti~e };.:~~v thereof. Borrow~r shalt promptly furnish to Lender a!1 notices of amounts
due under this paragraph, and in ihe event Borrowsr shall make payment directly, Borrower shaD promptly furnish
to Lender receipis evidencing such paymertts. Borrower shall promptly d~scharge any !~~n which has priority over
this Securiry lnstrument; however, Bor~owsr shall not be required to discharge any such tiens so long as Bor~ower:
{a) shall agrea in writing to the payment of the obligation secured by such lien in a manner acceptable to ~ender ;
(b) shall in good faith contest such lien, by, or defend against enforcement of such lien in, legal proceadings which i
in the opinion of Lender operate to prevent the enforcement of th~ lien or forfeiture of the Property or any part thereof; ~
or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such
lien to the Security Instrument.
If Lender determines that all o~ any pari of the rr;;~;~ ;~s subject to a lien which may attain a priarity ove~ this
Security Insi?ument, Lender shall give Bor~ower a notice identifying such lien, Borrower shall satisfy such 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 Instrumeni is amended to read as foliows:
14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
Borrower provided for in the Security tnstrument shall be given by delivering it or by mailing it by first class mail
to Borrower ai the Property 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 ~ender may designate by notice to Borrowe~ as provided herein. Any notice provided
for in this Security Instrument shall be deemed to have treen given to Borrower or ~ender when given in the manner
designated herein.
D. UNIFORNi SECURITY INSTRUMENT; GOVERNING LAW; SEVERAB!!.lTY
Uniform Covenant 15 of the Security Instrument is amended to read as follows:
15. Uniform Security Instrument; Governing Law; Severability. This form of Security Instrument combines
uniform covenants fo~ national use and non-uniform covenants with limited variations by jurisdiction to constitute
a uniform security instrument covering real property. The Security Instrument shall be governed by Federal !aw and
the law of the jurisdiction in which the Property is located. In the event that any provision or clause of the Security
Instrument or the Note conflicts with applicable law, such conftict ~hail not affect ather provisions of the Security
Instrument or the Note which can be given effect without the conflicting prov+s+on, and to this end ihe provisions
of the Security Instrument and the Note are declared to be severable.
E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER ~
Uniform Covenant 17 0~ the Security Instrument is amended to read as follows:
17. Transfer of the Property or a Beneficial Interest in Borrower. If ail or any part of the Property or an
interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is
not a natural person) without Lender's prior written consent, Lender may, at Lendar's option, declare a!I the sums
secured by this Security instrument to be immediately due and payable. However, this option shall n~t be exercis+ed
by Lender if exercise is not authorized by Federal law.
If Lender exercises such option to accelerate, Lender shatl mail Borrower notice of acceleration in accordance with
paragraph 14 thereof. 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 the periad, Lender may, without further notice or demand on Borrower, invoke any remedies perm+tted by paragraph
18 hereof.
Notwithstanding a sate or transfer, Barrower will continue to be obligated under the Note and ih~s Security
instrument unless Lender has released Borrower in writing.
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F. LOAN CHARGES ~
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If the loan secured by the Security Instrument is subject to a!aw which sets maximum loan charges, and that law
is finally interpreted so that the interest or other loan charges collected or to be coliected in connection with the ~
loan exceed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce '
the charge to the permitted limits; and (2) any sums atreacfy cottected from Borrower which excaeded permitted limits ~
will be refunded to Borrower. 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 reduciion will be treated as a partial
prepayment under the Note. j
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IN WITNESS WHEREOF, Borrawer has executed this Adjustable Rate Rider. '
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