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90100314
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Last modified
3/7/2012 4:37:19 PM
Creation date
10/20/2005 8:27:40 PM
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DEEDS
Inst Number
90100314
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� � <br /> j <br /> D. UNIFORM SEGIJRITY INSTRUMENT:GOYERNING LAW;SEVERABILITY ' J �O��� <br /> UniForm Covenant IS af the Security lnstrument is amended to read as fallows: QO�. 1 <br /> � J ' <br /> 15. U�tform eecaHly hntrnmeeh Govsrain�La�v;Seree�6illlv.This form of Secu�ity instrument combines uniform cavenants for nutional use <br /> and nan-uniform cove�ants with limited variations by jurisdiction ta constitute a unifarm security instrt�ment cavering real praperty, Zhis <br /> Seeuriiy insirument shall he guvernc�i by FvJr��s taW a+�a tnz tdW�r�i�z}u�iadiciion in Khich th$Frope:iy i�lp;.di:.�. 1n Lhc�c;.nt th�t anp <br /> provision or clause oP this Security Instrument or the Note conilicts�vith applicable law.such conttict shall not aifect other provislons of this <br /> Security Instrument or the Note which can be given effect without the conflicting provision,and to this end the provisions of this Securiry <br /> lnstrument und the Nate are declared to bc severable. <br /> E. TRAIVSFER OF THE PROPER'TY OR A BE1��.FIC1Al. INTERFST 1N BORROWER <br /> Uniform Covenant l7 of the Sccurity lnstrumcnt is amended to read as follo�LS: <br /> 17. Tr�mfer of the Aroperty or a Benetkial lntereat ie Barrawrr,If all or any part of the Property or an interest therein is sald or transfeaed <br /> (or if a txneficial interest in Sarrower is sold or transterred and Borrower is not a natueal person)without Lender's prior written consent� <br /> Lender may,at Lender's option, declare all the cums secured by this Security Instrument to be immediately due and payable. However,thls <br /> : option shall not be exercised by Lensler if exercise is not authari�ed by Federal law.Lender may waive the exercise of ti�is option if:(a)Borrower <br /> causes to bc submitted to Lender information required by Lender to evaluate thc intended transferec as if a new loan were being made to the <br /> uansfera:and(b)Lender reasonably determincs that Lender's security wiU not be impaired by the loan assumption and that the dsk of the <br /> breach of any covenant or agecment in thls Security instrumcnt is acceptable to Lender. <br /> To the extent permitted by applicable law,Lender ma�charge a reasonable fee as a condition to Lender's consent to the toan assumption. <br /> Lender may alsa require thc transferee to kecp ull the promi�es ar.d agreements made in the Note artd in thls Security lnstrument. <br /> "If Lender exercises suth aption to accelerAte,Ler�dei.ha°I mail Borrower notict of acceleration in accordance with paragraph 14 hereof. <br /> Such notice shall provide a period of not lecs than 30 days from zhe date the notice is malled within which Bottower may pay the sums declared <br /> due.If Bonower fails to pay such sums prior to the e�pirntion of auch period. Lender may. without further notice or demand on Borrower, <br /> iAVOke any remedies permitted by this Security instreiment." , <br /> `•Notwithstanding a sale or transfer,Borrower will continuc to be obligated under thc Note and�his Security lnstrument unless Lender has . <br /> released Borrower in writing." - <br /> : <br /> F. LOAN CHANGFS . � <br /> If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges,and that law is Cnally interpreted so , ;� <br /> that the interest ur other loan charges collected or to be coltected in connection with the loan exc:ed permitted limits, then: (1)any sueh loan � ��' x <br /> charge shall be reduced by the amount necessary to reduce�hr charRc to the permitted limit:and f2)am sums aIreadv collected from bono�ver _ _ � <br />
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