89100411 - Laserfiche WebLink

Browse

-L s • • D. UNIFORM SECURITY INSTRI ?MENT; GOVERNING LAW; SF.tiF.RABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: 15. Uaitorm security tatrtiwal; Goveralog Law; Sevembility. This form of Security Instrument combines uniform covenants for national use and non - uniform covenants with limited variations by Jurisdiction to constitute a uniform security instrument covering real property, This Security Instrument shall be governed by Federal law and the law of the jurisdiction In which the Property is located. In tine event 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 Security Instrument or the Note which can be given effect without the 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 BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Tra cater of the Pnq*M or a Beaefldd laterest In Borrower. if all or any part of the Property or an interest therein is 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 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 Lender if exercise is not authorized by Federal law. Lender may waive the exercise of 01s option if. (a) Borrower causes, to be submitted to Lender information. required by tendeS to evaluate the intended transferee as if a ne\v loin were being made to the . transferee; and (b) Lender reasonably determittes that LeMier's security will not be impaired by the Loan assumption and that the risk of thi:. brciO. of any covenant or agreement in this Security IImtrument is acceptable to Lender. To the extent permitted by applicable law, Lender trzay •charge a reasonable fee.as a condition to Lender's consent to the loan assumption. . Lender may also require the transferee to keep all- the prwdses and agreements made in the Note and in this Security Instrument. "If Lender exercises such option to accdeftte. Leeder shall malt 1311cmwer notice of acceleratavv in accordance with paragraph 14 hereof. Such notice shall provide a period of not less tlan 30 days from ttv daec the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expimt,6u c%f such period, Lender may, without further notice or demand oil Borrower, invoke any remedies permitted by this Security Instrument, ' "Notwithstanding a sale or transfer, Borrower wilt corttinue to be obligated under the Note and. tNs Secuiyto/ Irrtstrument unless Lender has rei¢aw BorrouvT in writing." F. LOAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpretedr th it the interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (I) ar*r, $uch to= charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected &ettt borriDmcr which exceeded permitted limits will be refunded 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 has executed this Adjustable Rate Rider. Movuis•v •t V (Seal) Richard Nabity BORROWER (seal) �;ne:tte M. Nab ty B RROWER f BORROWER (SIGN ORIGINAL ONLY) n ,-� 3. r•r cn R � :7 ^ri (, O w L C" v ao La C— N d Eseal) n (P ^' -4 �AA --� rn O. ' CIE coo t% n O 3 U) 0 °' {:LI) (VIIOV)i':3N �J 71VIS `c ! I�a�,au.� .� Cpl''; , 03aua��H 3a iu,twn�O{� i�alu' (Seal) Richard Nabity BORROWER (seal) �;ne:tte M. Nab ty B RROWER f BORROWER (SIGN ORIGINAL ONLY) n ,-� 3. r•r cn R � :7 ^ri (, O w L C" v ao La C— N d Eseal) n (P ^' -4 �AA --� rn O. ' coo n O 3 U) CZ) 1 n I