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HomeMy WebLinkAbout0956 r ~ ~'1 if B. CHARG~S; [.IENS , : ~ , ~ , , Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Cher=ss; L1ens. Borrowcr shall pay all taxes~ assessments, and othercharges, fines and impositions attributable to the Property which may attain a priority ovcr this Socurity Instrumcnt, and lcasehold payments or ground rents, i[any, in the manner pr~vided under paragraph 2 hereof or, if not paid in~such manner, by Borrower making payment~ when due~ directly to the payee thereof. Borrower shall promptly furnish to Lenderall notices of amounts due under this paragraph, - and in the event Borrower shall make payment directly, Borrower shal! promptly furnish to L.ender receipts evidencing ; such payments. Borrower shaU promptly discharge any lien which has priority over this Security Insirument; however, s Borrower shall not be rcquircd to discharge any such lien so longas Borrower: (a) shali agree in writing to the payment of the obligation secured by such lien in a manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, legal proceedings which intheopinion of LenderoperatetoprevGnt theenforcement of the lien or forfciture of the Property or any part thereot; or (c) shall secure irom the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security lnstrument. If Lender determines that all or any part of the Froperty is subject to a lien which may attain a priuricy over this 5ecurity instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth a6ove within ten days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security lnstrument is amended to read as foltows: 14. 111otlce. Except for any notice required underapplicable law to be given in another rnanner, (a)anynoticeto Bonower provided for in this Security Instrument shail be gi~en by delivering it or by m~iling it by first class mail to Borrower at the Property Address orat such other address as Borrower maydesignate by notice to Lenderas provided herein, and (b) any notice to I,ender shali be given by first class mail to l.ender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security lnstrument shall be deemed to have been given to Borrower or l,ender when given in the manner designated herein. ~ D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uneform Covenant IS of the Security Instrument is amended to read as follows: IS. Unilorm Security Instrument; Governing Law; Stverability. This form of Security Insturment combines uniform covenants for national use and non-uniform covenants with limited variatians by jurisdiction to constitute a uniform secarity instrument covering real property. This Security Instrument shall be governed by Federal iaw and the law of the jurisdiction in which the Property is located. In the event that any }~rovision or clause of this Se~urity Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision, and ta this end the provisions of this Security Instrument and the Note are declared to be severable. E. TRANSFER OF THE PROPEItTY OR A BENEFiCIAL INTEREST 1N BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Trwsfer of the Property or ~ Benetlcial Interest [n Borrower. If ail or any part of the Froperty of an interest therein is sold or transferred (or if a beneficial interest in Bonower is sold or transfened and Bonower is not a natural person) without Lender's prior written consent, l.ender may, at Lender's option, declare all the sums secured by this Security Instrument to be immediately due and payable. However, this option shall not be sxercised by Lender if exercise is not authorized by Federal taw. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph ! 4 hereof. 5uch 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 Borrowcr fails to pay such sums prior to the expitation of such period, Lender may, without further notice or demand on Boreower, invoke any remedies permitted by paragraph 18 hereof. Notwithstanding a sate or transfer, Bonower will continue to be obligated under the Note and this Security Instrumtnt unless Lender has nleased Borrower in writing. F. LOAN CHARGES If the loan seeured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so t~at the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan charge shall be reduced by Ehe amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from $orrower which exceed 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 Bonower. lf a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WH£REbF, Boerower bas execatcd this ADJUSTABLE RATE Rider. _ ~ , c+/ - -Borr~e) • ~ ~ TER L BOOHER : ~r~x~.. ~ ~a-n ~~~1 _ ~ ~ ~8 ~ 9 :59 CONN 1 E E BOOHER -Bor~o»Yr } ± ~ ~ ~ ' d ; ~ILE~3 ' - - (Seal) ~ ~ ROGE;ti f~~' -ev.ro»~r, ~ Sr . C ~ ~ ' 800N lSigit Orfginal OnlY) . , s t q l~ ~ ~ ~ - ~ , . . . - ~