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Home My WebLink About0946 . ~ ~ ' 4 . , 0. C1~OARGEB; li~N8 ' ; Uniform Covena~t 4 of the Secarity Instrument ia amended to ~ead as follow~: ~ ~ ~1. Cha?Q~i; lltns. 8o~rower shall pay all laxes, asseasmenls, and other charges, fines and ~mpositions att~ibutabla to the Property which may attain a prioriiy over this Secu~ity Inst~ument, and leasehotd paymenis or ground rents, if any, in the manner provided unde~ pa~agraph 2 he~eoi o~, if not paid i~ such manne~, by Bor~ower making payment, when due, directly to the payee thereof. 8o~~ower shall promptly turnish to lender all notices ot amounts due under this paragraph, and in the event Borrower stiati make directiy, 8orrower shall promptly turnish to l.ender receipts evidencing such payments. Bor~ower shall promptly di8charge any lien which has priority over ihis Security Instrument; provided, that 8orrowe~ shall not be required to disCherge any such lien so long as Borrower: (a) shall ~ egree in writing to the payment of the obligation secured by such lien in a manner acceptable to Lender; (b) shall in good iaith contest such lien by, or detend against enfa~cement of such lien in, legai proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or torfeiture of the Property or any pa~t thereof; or (c) shall secure /~om the holder or such lien an agreement in a form satislactory to Lender subordinating such lien to this ~ Secu~ity InstrUment. ~ If Lender determines that all or any part ot the Property is subJeci to a lien which may attain a prioriiy over this Security 4~ _ Instrument, Lender shall send 8or~ower ~otice identifying such lien. Borrower shall satisty such lien or take one or more of the actions set forth above within ien days of the giving of notice. C. NOTICE Unitorm Covenant 14 oi the Security Instrument is amended to read as follows: ~ 14. Notlce. Except tor any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail addressed to Borrower at the P~operty Address or at such other address as Borrower may designate by noiice to lender as provided herein, and (b) any notice to Lender shall be given by iirst class mail to Lender's address stated herein or to such othe~ address as Lender may designate by notice to Bor~ower as provided herein. Any notice ~ . provided for in this Security Inst~ument shall be desmed to have been given to Borrower or Lender when given in the manner designated herein. j: D. UNIFQRM SECURITY INSTRUMENT; GOVERNIN~i LAW; SEVERABILITY ~ 3 Unitorm Covenant 15 of the Security Instrument is amended to read as follows: ( 15. Unlbrm Securlty Inetrument; Ciovernln~ Law; Severabllity. This form.of Security Instrument combines uni(orm covenants tor national use and non-uniform covenants with limited variations by jurisdiction to constitute a uni~orm ' Security Instrument covering real p~operty. This Security Instrument shall be governed by federal !aw and the law of the jurisdiction in which the Property is located. In theevent ihat any provision or clause of ihis Security Instrument or ' the Note contticts with applicable law, such conflici shaU not affe~t other provisions of this Security Instrument or the - Note which can be given eifect without 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 BENEFiC1AL INTEREST IP! BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 1T. T~ansfer of the Praperty or a Beneiiclal lntarest in 8or~ower. ti ati or any part b( the Property or an interest therein is sold or transferreii (or if a beneficial interest in Borrower is sold or transferred and Borrower is noi a natural person) without Lender's prior written consent, lender 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 Lende~ if exercise is prohibited by Federal law as of the date of this Security Instrument. It Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof_ Such notice shall provide a period of not less than 30 days irom the date the notice is mailed within which Borrower may pay the sums declared due. If Barrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remedies perrr~itted by ~ paragraph 18 hereof. . ~ Notwithstanding a sale or transfer, Borrower will continue to beobligaied under the Note and this Security Instrument untess Lender has reteased Borrower in writing. _ ~ p F. COVENANT DELETED Non-Uniform Covenant 21 of the Security Instrument ("Future Advances") is deteted. ~ G. LOAN CHARGES : 1 If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that la~r is ' finally interpreted so that the interest or other loan charges coilected or to be collected in connection w+th ihe loan exceed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge ta'the permitted iimit; and (2) any sums already collected trom Borrawer which exceeded permitted limits will be ~efunded 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 reduction will be treated as a partial " prepayment under the Note. H. LEGIStAT10N . Ii, afier the date hereoi, enactm~ent or expiration of applicable laws have the effect either of rendering the provisions of ihe Note, the Security Instrument or this Adjustable Rate Rider (other than this paragraph H) uneniorceabie according to their terms, or all of any part oi the sums secured hereby uncollectable, as otherwise pravided in the Security Instrument and this Adjustable Rate Rider, or oi diminishing the value of Lender's security, ihen ~ender, at Lender's option, may declare a(1 sums secured by the Security tnstrument to be immediately due and payable. IN WfTNESS WHEREOF, Borrower has executed this Adjustable Rate Rider. ~1~~9~ '8l APR 13 plt :10/~ l~ FiLEG . OOUGLi~ : : ICHARp B. ppLLpCK -ea~rower SL LL~~f> " - ~ 4 ~ ~ ~ ~ ~ 4 ~ -Borrower - - _ , _ { . -