HomeMy WebLinkAbout0959 C. NU7'IC[: -
Unifi~rm ('ovenant 14 c~f Ihe Securiry lnstrument is amended to r~ad as fo)lows:
1~3. Natice. Fxcept for any notice required under applieable law to be given in another manner, (a) any notice to ~
Il~~r~uwer provided fi~r in this Sc~;urity Instrument shalt be given by delivering it or by mailing it by first class mai! i
uddressed to Barrower at the Prope~ty Address or ai such other address as Borrower may designate by notice to Lender as i
rrovided herein, and (b) any notice to Lende~ shall be given by first rlass mail to l.ender's address stated herein or to such f
~?~her a~ldress a~ Lencier may designate by notice to Sorruwer as provideci herein. Any notice provided for in this Security ~
Instrume~it shall be deemed to have been given to Borrower or I.cnder when given in the manner designated herein.
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D. UNIFURM SECURITY INSTRUMENT; GOVERNING LAW; SEVERAHILITY `
Unifi>r,n Covenant I S of thr Security lnstrum~nt is amended to read as follnws:
!5. Uniform Security Instrument; Coverning Law; Sever~blltty, This form ot Sec;uriiy lnstrument combinz~ uniform i
rovenants for n~lional use and ~ion-unifarm covenants wilh limited variations by jurisdiction to constitute a uniform t
security instrument covering r~al pruperty. This Security Instrument shall be governed by federal law and the Iaw of the ~
jurisdiction in which the Property is located. In the event that any provision or clause of this Security tnstrument or the ;
Note conflicts wilh applicable law, such conftict shall not at~ect other provisions of this Security Instrument or the Note F
which can be given eflect without ~he conflicting provision, and to this end the provisions ofi'this Security Instrument artd `
the Note are declared t~ be severable.
E. TRANSFER OF TNE PROI'ERTY OR A~ENEFICIAI, INTEREST jN BORROWER
Uniform Covenant 17 of the Securily Instrument is amended to read as Follows: ,
17. Transfer of the Property ur a Beneficial Interest in Borrower. If all or any part of the Property or an interest therein
is sold or transferred (or if b~nefirial interest in Borrower is sold or transferred and Barrower is not a natural person)
without Lender's prior written consent, t.endrr rnay, at Lend~r's option, declare ail the sums secured by this Security
Instrument to be immediately due and payable. However, this opti~n shaR nat be exercised by l.cnder iP exercise is
prohibited by Federal law as cif thc date c~f tt~is Sccurity Instrument.
if Lender exercises such opti~rt to accelerate, Lrndrr shall mai) ~nrrower notice of acceleration in accordance with
paragraph !4 hereoC Such notice shall pr~~vide a pericxl of not less than 30 days from the date the notice is ma'sled within
which Borrower mey pay the ~ums decl.?red due. ff Borrower faik to pay such sums prior to the expiration of such peri~od, E
Lender m3y, withuut further nutire or demand on U~rruwer, invokr any reme~ies }~ei~i~iti~d ~y ~a~ag;spl~ h~r2.^.~
Notwithstanding a sale or trensfer, Borrower will continu~ to be obligated under the Note and this Security tnstrument
unless.Lender has relcased Burrower in writing.
F. COVENANT DELETED ~
Non-Unif~~rm Covenant 2 t of the Serurity [nstrument ("Future Advanres") is drleted.
C. LOAN CHARCES ~
If the loan secured hy the Se~urily Instrun~ent is suhjert ~o a taw which scts maximum loan charg~s, and that law is finally
interpreted so that the intere~t or ~?~her li~an rharges collc~:ted or te? be rollected in connecUun with the loan exceed
permitted limits, theii: (1) any surh lu:~ri cliarge ~ha!! be reduced by ~he amount necessary to reduce the charge to the
permitted timit; aird (2) aiiy sums ~Irrady cullrcte~i from Burre~wer which exceeded permitted limits will be refundec~ to
Borrower. Lender may ch~x»e to n~ekr 1hi~ r~fund by rrducing the ~rincipal c~wed under the Note or by making a direct ~
payment to Borruwer. If a reli~nd redures rnnci~+al, the reduc~i~n will he ~realed as a parlial prera~~ment under the Note. f
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H. LEGISLAT[ON
If, af'ter the datr here~~f, ei~aclmrnt or e.~riratiun ~~f a~~rlirahlr la~?~s havr Iht rlTert cilher iif rendering ~he provision5 of the
Note, the Securit}~ Instrument or ~his Ad~us~ablr R.:te Rider (a~licr th~n this p~r:?graph H) unenforcrabte a~.cording to ~
their terms, ur al) or any parl ~+f ~he tiums secured h~rrby uncolleclabie, a~ u~henvitie provided in ttie Srcurity Inslrument
and this Adjustable Ratr R~drr, ~ir uf diminishing thc value of t_ender's securily, t1~en I.rnder, a1 Lender'c opti~n, may ~
declare all sums securrd by Ih~ Srrurity imtrument tc? bc~ immediately due and payable. ~
Jtv WIT'NESS Wt~rkt~~t .~3orrowrr ha. rxecu~ed Adjutitable Ratr Kidrr.
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........................................_..(Seal)
S NQ~I~I -Borrower
~
.............................................(Sr~~l)
. . .
L QNELLI 8orrowe~
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~011UNPf
. . -....._............(Seal)
i N~~ ~ ~ P~~57 •Borra~ver ~
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Fll.c:l ;.'i" ' ?:t=;; ~sorrower
ROGE;c Pu? : V-::L~ fir
ST. LUCIE C::c~t~' Y. F~.
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Qor~i..ve~
f " (Sign Ori~;~n;il Onl} j
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ARM Aide~r-Plena A-2 end A•3 L;{o 5.- IPege 2 of 2 pagesi ~