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89102002
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Last modified
10/19/2011 10:54:36 PM
Creation date
10/20/2005 9:27:59 PM
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DEEDS
Inst Number
89102002
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D. UNIFORM SECURITY INSTRUMENT; GOVF -iNING LAW; SEVERAB11LITY <br />Uniform Covenant 13 of the Security Instrument is amended to read as follows: <br />15. UNfom acts * htutrattaat; Goveraleg Law; S"mbillitr. This form of Security Instrument combines uniform covenants for national use <br />and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This <br />Security instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with applicable taw. such conflict shall not affect other provisions 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 Security <br />Instrument and the Note are declared to be severable. <br />E. 7RANSI M OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />17. Tn mfa of the Pnei its or a Onwfidd Iatetest Is Banower. If all or any part of the Property or an interest therein is sold or transferred <br />(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, <br />Lender tray, at Lender's option, declare an the sum% secured by this Security instrument to be immediately due and payable However, this <br />option shall not.beemcised by tender if exercise is not authorized by Federal law. Lender may waive the exercise of this option i£ (a) Borrower <br />causes to be subtrtfq'.ed E0 Leadsr informati6n, required by Lender to evaluate the intended transferee as if a new loan were being m de to. the <br />%ansfesce; and (E) Lender r na`aly dens mbies that Lender's security will not be•impaired by the loan assvmption and that the r:sk Qt<_ha <br />br=Zh of any covenant or 20*=u�r i n this Sezurity Instrument is acceptable to Lender. <br />To the exrr;M ermitted by applicable taw. Lender may charge a rasOnable fee as a condition to Lender's consent to the lean assumption. <br />Lender may a1se r+aeq-,aire the transferee to keep all tine promises and agreements made in the Note and in this Security Inst=crL <br />"U Lender;mcrcises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordamme with paragraph 14 hereof. <br />Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borroimr may pay the sums declared <br />due. If Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, <br />invoke arty remedies permitted by this Security Instrument." <br />"Notwithstanding a sale or transfer, &:+. rower will continue to be obligated under the Note and this Security Wstrument unless Lepderhas <br />Li -. sW Borrower in writing." <br />F. LOAN CHANGES <br />If the loan m%=, d by the Security Instrument is subject to a law uhirh sets maximum loan charges, and that law is fir,llk•i n-- erpreted so <br />that the interest: ;7r other loan charges collected or to be cage cted in connection with the loan exceed permitted fi. -ass, then: (a) =y such loan <br />C'magr shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums a1'rm1y collected from borrower <br />wtihli exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the <br />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 <br />Note. <br />IN WITNESS WHER101F. Boffewas►rsas me Mat I7ti.•.4 Adjustable Kate Rider. <br />iJ <br />T <br />n <br />rr <br />� <br />t <br />M <br />O <br />U <br />� -. <br />"C7 <br />-� -•� <br />rr^^ <br />107VrLtA� �. YYl_( GJ <br />Connie J. KadisonBORROW Eft <br />C7 ` <br />Scott E. Madison BORROWER, <br />r <br />n <br />� <br />t <br />M <br />O <br />(Seal) <br />BORROWER <br />(SIGN (ORIGINAL ONLY) <br />A <br />ter <br />too <br />3 <br />i <br />- 7.. <br />(Kogi <br />I <br />n <br />�� <br />t0 <br />U <br />� -. <br />"C7 <br />-� -•� <br />rr^^ <br />t <br />JV <br />A <br />ter <br />too <br />3 <br />i <br />- 7.. <br />(Kogi <br />I <br />
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