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HomeMy WebLinkAbout0937 . p~ ~ ~ ' . ~Tj ` , . _ ~ i Note confticts with appltcable taw, such cont}ict shall noi atl'ect ~r!her provisians of this Stcur~ty Instrument or the Note which can be given effoct without thc con8icting provision, and t~ ihis cnd thr provisions of this Security Instrumcnt and the Note are decl~red to be severable. E. 'TRANSF~R OF THE P1~OPERTY; ASSUMPTION . - Unilotrm Covenant 17 of the Security Instrument is zune~dod to read ~s follows: ~ 17. Traaafer af tl~e Property; Mwmptloa. If ~11 or any part of the Property or an interest thcrein is sold or ~ - transferred by &srrower without I.endcr's prior writtcn consent~ excluding (a) the creation of a lien or encumbranzc subordinate to this Sc~curity Instrument which do~c not relate to a transfer of rights of occupancy in the property. (b) tne creatian of a purchase money security interest for household applianc,~s, (c) a transfcr by devise, descent or by ope~~ation of l~w upan the death of a joint tenant or (d) the grant of any leasehold interest of three years or less nat containing an option to purGY~ase, L,end~r may, at Lender's optian, dectare all thc surris secured by this Security.Instrument to be immcxfiately due and payable. _ If Lender exercises such option to accelerate~ Lendtr shall mail Borrower notice of acceleration in ac:ctirdance with prsragraph 14 hersof. Such notecc shall providc a period of not less t:~rin 30 days !'rom the date the natice is mailca1 within which Dorrower may pay the sums decl$red due. If Borrowcr fails to pay such sums prior to the eapi*ation af su:h period~ Lender may~ without further notic~ or demand on Borrower, invoke any remtdies permitted by paragraph 18 hereof. . Lender may consent to a sale or transfe~ if (1) Borrower causes to be submitted to Lender infocmation requirtd by I.cnder to evaluate the trnnsferee as if a new loan wore being made to the transferce; (2) Lender reasonably determines thai Lender's security will not be impaired and that the risk of a breach of any covenant or. agrament en this ~Security . Instr~z:nent is acceptable; (3) interest will bc payable on the sums secured by this Security Instrument at a rate acceptable to ~ Lender; (4) changes in the terms of the i~Iote and this Security Instrument r~quired by Lender are made, including, for eacample, periodic adjustment in the interest rate, a different final payment date for the loan, and additio~ of unpsid interest to ~+rincipal; and (5) the transferee signs an assumption agr~ment that is acceptable to Lcnder and tl3at obligates the - transferee to keep all the promises and agreements made in the Note artd in this Security Instrument, as modifiod if _ required by Lender. To the eatent petmitted by applicable law~ Lender also may charge a reasonable fee as a condiiion to Lender's consent to any sale or transfer. - Borrower will continue to be obligated under the Plote and this Security ;nstrument unless Lender releases Bonower ~ in writing. ~ . - F. BORROWER'S RIGHT TO REIP~TSTAT~ ~ . i Non-Uniform Covenant 19 ("Borrower's Right to Reinstate") is amended to read as follows: . - - - 19. Borrower's Right to Reinstate. NQtwithstanding Lender's acceieratian of the sums secured by this Security t~ Insirument, Borrower shal! have the right to have any proceedings tegun by Lender to enforce this Security Instrument discontinued only if applicable law so provides. Any right to reinstate shall ba exercised in the manner require~i by such ~ law. ~ i - _ - G. N~ FUTI~JIrE ADVANCFS _ . Non-Uniform Co~•enant 21 of the Securiry Instrument ("Future Advances") is deleted. - - H. L0.~1N CHARGES . If the loan secured by the Sxurity Instrument is subject to a law which sets maximum loan charges, and that law is finalfy interpreted so that the interest or other loan charges collecta~ or to. be callected in r„onnection with the loan exceed _ permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to roduce the charge to the permitted limits; and (2) any sums already coilected from Borrower which eacee~ai permittod limits will be ref~nded to Bur~ower. Le~der may choose to malce this refund by reducing the principal owcd under the Note or by making a direct _ payment to Borrower. If a refund reduces principal, the reduction wiil be treated as a partial prepayment under the Note. ~ I. LEGISLATION _ ~ . ~ If, after the date hereof, enactment or eapiration of applicable laws have the effect either of rendering the provisions of the ~ Note, the Security I~nstrumEnt or this Adjustable Rate Rider (other than this paragraph I) unenforeeable according to their ' terms. ~r ~Il or any part of the surr~~ securod hereby uncollxtable, as otherwise providcd in the ~ecurity. Instrument and this Adjustable Rate Rider, or~of diminishing thc value af ~.~der's sccurity, then Lrnder, at ~Lcnder's opii~n, may dcclare all sums secured by the Secarity Instrument to b~e immuiiately due and payable. ~ ' IN WI'rNESS W HEREOF, Borrower has executed this Adjustable Paymcnt Rider. ~ ~ - _ - , ~`~~`7~0 - . ~ ~'Y~ .~~.~?rt.. .~..~G~~~ ~ .~s~>> ~ i°Bx k~G i 8 `~ilmon W. Worth -Borrower ! ~ F1tc~ _Rhr ~t t:[;':` ' - ~ G!'i.1 t .lli::iE C(t'~;~~ . ..~~~~~'~i!~...~'.f!.,~ ..............~~~.~i~r~:::............................................(St'.sll) Sit[~G: ~ ~r= Anita M. Worth ~ - _ Ctf.Fi~ : i;~.~'•`~~ . -Botrwver ~ . . ~ • , ' i•~ • ' . .................,..........~•BOf ~f f ~ (S?8R ~!%BlIJa/ Q/7/j/) I - _ ~ I [ • . _ ' ~ ~ - - ~ s _ _ _ - _ ~