HomeMy WebLinkAbout0951 B. CHARGES; LIENS
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Uniform Covenant 4 of the Security Instrument is amended to read as fo~~•'
4. Chu=es; Lieas. Borrower shail pay all taxea, assessments. and othercharges, Gnes and impositions attributable to the
Property which may attain a priority over this Socurify lnstrument, and leasehold payments or ground rents, if any, in the
man~er provided under paragraph 2 henof or. if not paid in auch manner, by Borrower makirtg payment, when due.
directiy to the payeetheceof. Bonower shall promptly furniah to Lender all notioea o[amounta due under this parsgrsph,
and in the evertt Borrower shall make payment dircctly, Borrower shall promptly furnish to Lender receipu evidencing
such payments. Borrower shaU promptly discharge any lien which 6ss priority over this Security lastrument; however,
Borrower shall not be required to discharge any such Gen so longas Borrower: (a)shall agra in writing to the payment of
the obligation securcd by such licn in a manner aoceptabk to Lender; (b) shal! in good faith contest auch lien by, or detend
against enforament of such lien in, kgal proaodings which in the opinion of Lender operatetoprevent the enfonxment of
the lien or forfeiture ot the Property or any part thereof; or (c) shall secure from the holder of auch lien an agreement in a
form satisfactory to Lendor subordinating such lien to this Security lastrumont.
If Lender determines that ali or any part of the Propcrty is subject to a lien which may attain a priority over this Security
lnstrument, Lender shali give Borrower a notice identifying such Gen. Bonower 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 lnstrument is amendod to read as follows:
11. Notice. Except for any notice rcquired under applicable law to be given inanother manner, (a)any noticeto Bonower
providcd for in this Security [nstrument shall be given by delivering it or by mailing it by firat class mail to Bonower at the
Property Address or at such other address as Borrower may designate by notia to Lender as provided herein. and (b) any
nfltice to Lender shall be given by first class mail to Lender~ address stated herein or to such other addnss as Ler~er may
designate by notice to Borrower as providod hercin. Any notioe providod for in ihis Socurity Instrumeat shall bedeemed to
have been give~ to Borrow~er or Lender when ,given ia the msnner dtaignated henin. ~
D. UNIFORM SECURITY INSTRUMENT; GOVERNiNG LAW; SEVERABILITY
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Uniform Covenant 1 S of the Security Instrument is amandod to read as folloi~vs: ' I
IS. Uniform Securit~ Instrument; Goremin= Lw; Severability. This form of Security ]nsturment combines uniform
covenants for national use and non-unJorm covenants with limitod variations by jurisdiction to constitute a uniform
security instrument covering real property. This Security Inswment shall be governed by Foderal law and the law of the
jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the
Note contlicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
which can be given effect without thc conflicting provision, at~d to this end the provisions of this Socurity Instrument and
the Note are declared to be severable.
E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
Uniform Covenant 17 of the Security Instrument is amended to rcad as fopows:
17. Tnmfer of tbe Propert~ or a Beneficial Intenst in Borrow~. lf all or any part of thc Propcrty of an interest thenin is
sold or transferned (or if a beneficial interest in Borrower is sold or tcansferred and Bonower is not a natural person)
without Ltnder's prior written consent, Lender may, at Lender's option, declare all the sums secured by this Security
Instrument to be immediately due and payabk. Nowever, this option shall not bc txercised by Lender if exercise is not
authorizod by Federal law.
~ lf Lender exercises such option to acoeltrate, Lender shall maii Bonower noticx of acceleration in accordance with
' paragraph 14 henof. Such notia shaU providz a period of not kss than 30 days from the date the notia is maikd within
' which Bonower may pay the sums declared due. lf Borrower fails to pay such sums prior to the expiration of such period,
~ l.ender may, without furthcr notice or demand on Borrower, invoke any nmedies permitted by paragraph 18 hereof.
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Notwithstanding a sale or transfer, Borrower wili continue to be obligatod uctder the Note and this Security Instrument
unless L.ender has nleased Borrower in writing.
F. LOAN CHARGES
[f the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally
interpreted so that the interest or other loan charges collected or to be collectod in connoction with the loan exceed
permitted limits, then: any such loan charge shall be roduced by the amount neoessary to reduce the charge to the
permitted limit; and (2) any sums alr~ady collected from Bonow~r which eaceod permitted limits will be refunded to
Borrower. L.ender may choose to make this ref~nd by reducing the principal owed under th~ Note or by making a dirtct
payment to Bonower. If a rcfund reduces principal, the reduction will be treated as a partial prepayment under the Note.
1N WITNESS WHEREOF, Borrower hss sxecuted ~ADJUSTABLE RATE Rider.
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rry D. WI^d~/ -Brirro»Yr
T~EASU
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RE ~DAST ' ~ c~~~
~S~ ~C.P _ Mary A. Wray -eo..o»r.
FILEO AND ~c~
Q6ER PQ17?: r ` (Seal)
T. LUCIE CO NTY. ~A
BOOK `t~ PAGE (sign Origina! Ortly)
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