89100293 - Laserfiche WebLink

Browse

L U. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uniform Covenant 1 S of the Security Instrument is amended to read as follows: 15. Ualforas oKv ty No! ar 1 1; Gevtralalt Law; SeveraMtlty. This form of Security Instrumeri combines uniform covenants for national we and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security instrument shad! be governed by Federal law and the law of the jurisdiction In which the Property is located. In the m wt that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this S ecurity Irstru vent or the Note which can be given of €--.t %ithout tite conflictiry provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. L TRANSFER OF THE Ii+ROITdERTV OR A KNF.FICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Tnmhr of the Preparb or a Reaeradd lakmat In Borrower. If all or any part of the Property or an interest therein It sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender tray, 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 Lender if exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower causes to be submitted to Lender Information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; aad (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of the breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge 'a reasonable fee as a condition to Lender's consent to the loan assumption. iLeader may also require the transferee to keep all the promises a4d ag, eements made to the Note and in this Security Instrument. "If Lender exercises such option to accelerate, Leeuda she - trail Borrower uadd ce of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not l¢se than 30 days from ite' date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any remedies permitted by this Security Instrument." "Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has teleased Borrower in writiw, F. LOAN CHANGES If the loan secured by sbe Sec�ity instrument is subject to a law which sets maximum loan charges, and ftt law is finally interpreted. so ,that the interest or other barn dUMes a3dected or to be collected in connection witirthe loan exceed permitted limits, then: (1) any such Icon charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower which exceeded permitted limits wilt oe retunded 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. IN WITNESS WHEREOF, Borrower Itas execrated ffis AdjusftWe Rate Rider. D i � I, C Z f r Eva M. Reher v 00 00 Cn Ca O —r + V m i �.. O -n 3 > j CAP '11 =t i; a t— N rn-i p LPS FA 1 v (Seal) Richard S. Glover BORROWER A/E (Seal) Donna jea lover BORROWER 1121, (Seal) Wniel R. 8. Re17er• RROWER .� /u-e ' (�OINAL ONLY) tR�/ Eva M. Reher v 00 00 Cn Ca O —r + V m i �.. O -n 3 > j CAP '11 =t i; a t— N rn-i p LPS FA 1 v