HomeMy WebLinkAbout0976 14. Notiee. [:x~e~,t for anp notice requirr~l under apE~licable I:i~v tc~ be given in anuther manner, (a) ~~ny nutirr tc?
, Iturru~~~er ~~rc»-ided fur in this Sr~urity lnsir?imrnt shal) be gi~~en h~~ cleli~~erin~ it ur h~~ muiling it h~~ tirst rl,itis mail
~ ad~lressrci tu t3e~rru~ti•cr at the {'ru~~ert~~ Aci~lress ur at zurh uthr~ uil~iress a~ lii~rru~~~cr m~~J~ ~Irsign:Ur by~ nutir~ tu l.enclrr as
~~rovi~i~cl herein, un~1 (b) uny nulirc: Iu Lriul~~r shall he gi~~rn b~• tirsl rla~s mail tu Lenclcr's a~idrrtis stateei h~re~in ~~r t~+ ~uch
; othrr address a~ Lencler may d~signate by noticc tu 13urrc~~~~cr as Prc+~~i~lrel herrin. An~• notire pn~~~i~lccl li~r in this Securit~•
lnstrumen~ sh~ill hcelrEmed to ha~•~ bcrn givcn tc~ 13:~rru~~~rr c~r Len~ler ~~~hrn given in the man~ier ~trsignal~d hcrrin.
D. UNII~OR1i SI~.CURITI' INSTRUi1iF,N1; GOVI:RIVI2~'G LA«'; SI~.VI.RARII.I7'Y
Uniform Cu~~enant 1 S uf Ihe Srcurity~ Instrument is am~ncle~l t~~ ~rad as f~,llu~~~s:
I5. Uniform Sccurity Instrumcnt; Gu~•crnin}~ L.~?r~; Scvcri~bilitp. ~I~his turm ~~f Serurit~~ Intitrununt r«mhinc~ uniturm
rcn~cnants for natiunal usc and n~?n-uniti~rm c~~~~ei~antti ~~•i1h limitrcl ~uriatic~nti h}~ juri~dirliun t~~ ~~mstitutr a unifc~rm
serurit~~ inslrurnrnt ru~•ering rral ~m~~rt~'. "I~hiti Srrurit~~ Intitrum~nt ~hall hr g~~v~rn«i b~~ lyderal la~~~ ancl thc la«• ~~f the
jurisdiclicm in ~~~hirh th~ Pro~~crt~~ is lucatr~l. In tt~r errnt that an~~ ~,r~,~i~iem ur clautir ~~f Ihis Seruril}' Instrununt e~r the
` Nutr conilirts ~~•ilh apE~lic.iblr I~i~~~. ~urh rc~nllirt shall ~rut al}ect uihrr ~~ru~~itii~~ns ~~f this Sr~urity Intitrum~nt c~r thc N~~tc
~~'hich ~an br gi~~en ellerl ~~•ithuut ihc «~ntlirting ~~ru~~itii~~n. anel tu Ihis rii~1 thr ~~r~~~itiiuiu uf thi. Srrurit~' ln~trum~nt an~i
the Note arr d~~lur~ci t~~ b~ ~c~~~r.rhlc.
. E. TRA1ti'SI~ER OF 1'~1F, PROP1~.R"I'Y OR r1 13I~,NI:I~ICIAI, IN'I'LRES7' 11' 13URRt)«'I~,R
Unit~?rm Cu~~rnant 17 ~~f th~ Seruritl' ln~trunirnt is.~m~nilrcl ti~ read as li~ll~~~~ti:
17. 7'ransfcr of thc Propcrt}~ or l3cncficiat lntcrest in 13orro~scr. lf ~ill ~~r ,u~y ~~art ~~f thr !'m~erti ~~r .in intcr~st thrrcin
is sold ur transfirre~i h~• (3urm~~~rr (~~r if a bcnifici,il interest in 13urro~~•rr is sulc) c~r tran~firr«i an~l 13i~rm~~•er iti ~iut a natural
persun or prrtions but is u rorEior~tion. ~~arlnershi~. tnist or otfier legal entit}•) ~~~ith~~ut 1_e~~de~r'ti ~ri~~r «~ritten c~~ntient,
. exrlucling (a) the rrc.itii~n ~~f a lirn ~~r enr:imhranre suh~~rclinate te~ Ihis Securi~~' L~~trumcnt ~~•hirh eli~es nc~l relate tu a
transfrr c~f ri~;hts uf c~rcu~~anry in thr ~~rui,erl)'. (h) thr rrrati~~n .~f a ~~urrhas~ munc)~ ~r~urit~~ intrrest ti~r h~~u.ehuld
a~~~liances, (c) a transfer b}~ ~)r~itir. ~le~rrnt e~r hy a~,eratiun uf la~~• u~,~~n the cleath ~?f a j~~int triiant c~r (~l) the grant ~~f an~•
Ieasrhuld inter«t ~~f threr }~e.trs ~ir Icss n~~t rontuining an ~~E~tie~n t~~ ~~ur~hase. Lender ma~', at Lencler'ti c~~~tiu~i. ele~l.~r~ all
the tiun~~ ~erur«1 h~• this S«urit~~ Ins[rumcnt l~~ hc in~me~liatrly elur anct ~~a~ahle.
If Lcncl~r ~~~rritirs xuch ~~~itiun t~~ ar~rlcratc. L~nclcr shall mail I3nrm~~•~r nc~tir~ ~~f ar~clrrati~~n in arrurdance ~~ith
raragraph 14 l~rre~~C Surh n~~tire ~h:ill ~n~~ id~ a~rri~xi ut not les~ ~han ?0 cl.?~~ f~nm~ th< <latr thc n~>tirc is n~ail~cl ~~ithin
~~~hich B~~rro~~er ii~a~• ~~a~• tlir sums ilrclc~re~1 i1ur. If 13~~rr~»~cr faitti tu ~uch ~ums ~~ri~~r t~~ the r~rirati~~n of surh prricid, .
Lrn~Jcr ma~'. ~~•ithuu~ furth~r nutirr ~~r ~lemand ~~n 13urm~~cr. in~~,ke any~ rrmeclic~ ~~rrniitl~ci h~ ~~,irugra~~1~ 1 t+ hcrc~~i'.
1_encle~' m.i~• r~~nsent tu a s,ile ~~r transi~r if: ( I) I3~~rnn~~r cause~ t~~ h~ suh~nilt~cl tz~ l.rncirr inti,rmatiun rryuir~cl t,~~ l.ender
t~~ r~~alu.itr th~ transferc~ ati if a n~~+ t~,un ~+~cr~ h~ing ma~1e ti~ lhr If.iIiSlCfl'~: l.rn~l~r r~.tsun.thl~~ clctermin~rti th,it
Ixnder'~ ~c;rurit~ t~~ill nut hr i~n~~airr~! ancl thc?t ~he risk ~~I~ a brcanc ~,f :in~ r~i~~~nant ~~r :igr«mrnt in this S~rurit~
In~trum~nt is .ir~eptabl~: int~rrst i. ~ia~abl~ ~~n thr tiums sr~urecl b~~ thiti Se~urit~' Intitrumcnt at a rate acre~~tahlr tiz
Lendrr, (4) rhangrs in th~ term~ ~~f thr N~~te .in~l this Srcurit~~ Intitrumcnt reyuirrd b~~ C.rn~lrr are m.?dr. inrluding. tor
~xam~~lr. ~cri~idir adjutitment in the intrrest r,~tr, a diflcr~nt lin.?I ~ia~•ment ~{atc li~r the Ic~an. an~l additi~~n ~~f un~,aid inlcrrst
to prinri~-,af: and (5) thr transfer~r signti an assurnrti~m agrc~ment that is .tr~e~t,~bl~ t~~ Lrnder ancl that c~bligatrs the
trantifrrer t~~ kre~~ ail the rrc~mises an~l agreern~ntti maclr in the No.e anet in thiti Scruril~ Instrument. a~ m~~ciitiec! if
reyuircd b~~ I_ender. To the extent ~~ermittcd h} ap~~lir,tble Icrn•. Leiulrr als~~ ma;• rharge a r~,~sz~t~able f~e ~is rondition tc~
I_en~ler's ronsent to an~' sale or t r.?nsfer.
f3c~rro~~~er ~~~ill runtinu~ te: be ubligatesi uneler thc \c~te and this S~rurit~~ Instrument unl~sti Lender releases I3orro~~~er in '
~sriting.
F. CO~'I;NANT DELETI;ll
Na~e-Unifi~rmCo~~enant 21 i~ftheSecurit~~ Instrumrnt (..F=uturrAcl~~ances")i~cleleteel.
I G. LOAN CHARGES
If the loan serured b}' the Serurit~' Instrum~nt i~ suhj.rt tc~ a la~s ~chirh ti~ts m~iximum I~~an rhar~tS, an~l that la~~~ i~ fin.?Ily.
inter~reted so that the intrretit ur ~~thrr luan rharges rulfe~[rei ur to br r~~llected in rc~nnecti~~n ~~•ilh the I~~.in exreed
perntitted limits. then: ( I) an~' su,•h I~~an charge ~hall hc redu~rc+. h}~ th~ am~~unt nere~~.~n• t~~ redurc the rharge to [he
~ermitted limits, and (2) an}~ sumti alrraci~• rollectecl fn~m 13orn~~~•er ~shich exceeded ~rrmitted limits ~~•ill be refunded to
I3orro~~•er. Lender m.i~~ rhouse to make this refund h~~ r~during the ~rinci~~al ~,~.«i ~,~~~i« ~nt y~~c< h~~ ~»aking a dirert
payment to I3ornnser. If a refund red~?ces ~,rinriE~al, th~ reeiuctiun ~r,•ill be treatrd a. a r.irti<?1 rre~~a~ ment w~der the N~~te.
H. LEGISLATION
I(. aRer the date hereot. enact~n~nt ~~r ex~~iratiun c~f a~~~~lir,ihle la~~s ha~r tl~z rflect eith~r ~~f renii~rir~g the ~~ru~itiiuns ~~f ti~e
Note, the Securit}• Instrument or thiti Ciradi~ated Pa~~ment Ri~ier (c~thrr tt~an this E~aragra~~h }i) uncnf~~rrcahlc arr~~rdin~ to
thtir terms, ur all or an~~ part c,f ~he,un~s secureci heret~~~ unr~~llectahle. as olhen~ise ~~ru~i~ied in th~ Securit}' intitrument
and this Gradua~ed Payment Rider. or of diminitihing the ~~alur ~~f [.ender's securit~. then Lender. a~ Lrnder'~, ~~E~tic~n. ma~~
declare all sums secured b}~ the Serurit~~ Instrument tc~ be immediately due ancl ~~a~•~?ble.
IN ~VfI NF:SS Wlii:Rt:OF. 13c~rro~~~rr has executed this ~r~iduatrcJ Na~'mrn~ Ricl~r.
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.............................~SC~I~~
, : r ; •,f : . . FREDERICK W. BORNEMANN -eorrower
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KAR~ENE~~A~ d NN"......... .
~ -Borrower
- ,5~3'709
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-Borro•Ner
; r,K ( j- (Sgn Oi~ginal Only)
Btl(lK 386 ~~~,F
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