HomeMy WebLinkAbout0934 ~ ~i j . ~ v • ' + V v
s. c~~akcF:s; t.~~:NS
Uniform Covenant 4 of the Securit~~ Instrument is amended to read as fo;lo~~s:
4. Charges; Liens. Borro«~cr shall pay all taxes, assessments, and othercharges, Gnes and impositions auributable co the
Property which may attain a priarity over this Security Instrument, and teasehold payments or ground rents, if any, in the
manner provided under paragraph 2 hercof or, if not paid in such manner, by Borrower making payment, when due,
directly to the payee thercof. Borro~ver shall promptly furnish to 1_ender ~II noticcs of amounts due under this paragraph,
and in the event Borrower shall make payment directly, [3orrower shall promptly furnish to t.ender receipts evidencing
such payments. Borra~ver shall promptly discharge any lien which has priority aver this Security lnstrument; however,
F3orrowcr shall not be reyuired to di~charge any such lien so long as Borrower: (a) shall agree in writing to the payment of
tiie obligation secured by such lien in ~ manner acceptable ta I.ender; (b) si~all in goad faith contest such lien by, or defend
against enforcement of such lien in, legal proceedings which intheopinionof l.enderoperatetopreventtheenforcement of
the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a
farm satisfactory to Lender subordinating such lien to this Security Instrument.
If Lender determines that all or any part oi the Property is subject to a lien which may attain a priority over this Security
Instrument, Lender shall give Borrower a notice ide~tifying such lien. Borrower shall satisfy such lien or take one or mare
of the actions set forth abo~~c within ten days of the~giving of the notice.
C. NOTICE
Unif~rm Co~~enant 14 of the Security lnstrument is amended to read as foll~~ti~s:
14. Notice. Except for any notice required underapplicable la~v to be given in another manner, (a)any notice to Borrower
. provided for in this Security Instrument shall be given bydelivering it or by mailing it by first class mai! to Borrower at the
Property Address or at such other address as Borrower ma~~ designate by notice to Lender as provided herein, and (b) any
notice to Lender shall be given by rrst class mail to Lender's addr~ss stated herein or to such other address as Lender may
designate by notice to Borrower as provided herein. Any notice provided forin this Security Instrument shall bedeemed to
have been given to Borro~ver or l.ender when given in the manner designated herein. ~
D. UNIFORM SECURITY INSTRUNIENT; GOVERNING LAW; SEVERABiLITY
Uniform Covenant IS of the Security Instrument is arnended to read as follo~vs:
I5. Uniform Security Instrurnent; Governing I.aw; Severability. This form of Security Insturment combines uniform
~ covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform
F security inst~ument covering real prop$rty. This Security Instrument shall be governed by Federal laH~ and the law of the
~ jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
~vhich can be given effect without the conflicting provision, and to this end the provisions of this Security Instrument and
the Note are declared to be severable. ~
E. TRANSFER OF THE PROPERTY OR A BENEFICIAL [NTEREST IN BORROWER
Uniforrn Covenant 17 of the Security Instrument is amended to read as follows:
17. Transfer of the Property or a~eneficial lnterest in Borrower. If all or any part of the Property of an interest therein is
sold or transCerred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
without Lender's prior written consent, t.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 exercised by l.ender if exercise is not
authorized by Federal law.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceteration in accordance with
paragraph 14 hereof. Such notice shall provide a periud 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 such period,
Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 18 hereof.
Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument
unless Lender has released Borrower in writing.
F. LOA10' CNARGES
If 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 collected in connection with the loah exceed
permitted limits, then: (I) any such loan charge shall be reduced by the amount necessary to reduce the charge to the
permitted limit; and (2) any sums already collected from F3orrower which exceed permitted limits ~vill be refunded to
Sorrower. Lender may choose tci niake this refund by reducing the principal owed under the Note or by making a direct ~
payment to [3orrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. .
IN WITNESS WHEREOF, Borrower has executed this ADJUSTABLE R TE Rider.
gq 1J `
~C~1~ _T l,t~ ~,~ul. , - ~z _cc..~°-~ (Seai)
•W S~P ~6 P~'dU Nunzio ~b 1C O -Borrower °
~ , ~ ~ - , ~•f 'n ~
ILE~, ~ J. _ ~ Z ~ f
RO~ti~, i~; • ' a o a3covo (Seai)
,T. Lt:..,. -Borrox~Fr
•
(Seal)
- -Bonoµ•e~
BOOK 5i4 PACE 933 ~Sign O~iginaJ Only)
; ~
g
,