89103335 - Laserfiche WebLink

Browse

D. UNIFORM SECURITY INSTRUMENT; GOVI:JINING LAWt hFVFRAINLITY � Unirorm covenant 0 of the Security Instrument is onteaded to read m follows. Q v 14333 ►J a. UWet.tuearity haatwe.e.t; co r"ini sB Rawl Swiera>rft. Thh form of %&unity Imirun*at em"bings %VWforta covenants for national use ]� and nun - uniform covenants with limited variations by jurlsdiction to constitute a uniform security instruasent cove ng real property. T 1k 1 Swuritr hsdrumsnt shalt in governed by Federal taw and the law of the jurisdiction in which the property h locoed. In Ibis event that arty Provision or ciause of this Security Instrument or the Note confllcrt with at k-sible law, such conflict shall not affect other provision of this Security Instrument or the Note which can be given effect without the conftictine provision. and to this end the provisions or this Security Instrunsw and the Note arc declared to be severable. '. R. TRANSFER OF THE PROPERTY OR A BFNFFIC1A1. INT1F:RttiT IN 3ORR0WKR i Uniform Govessim 17 of the Security Instrument is amended to read as follows: I 17. Traa kr of the Pta/erq or a BtaeflNal interest In Borrower. If all or any part of the Property or an interest therein is sold or traaafirtetd, t (or if a bearficisl interest in Borrower is sold or transferred and Norrower is not a natural person) without Leader's prior written cortaagt, Lessder tray. at Lender's option, declue all the sums secured by this Security Instrument to be immediately due and payable. Howsim !iris 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 awes to be submitted to Lender information required by lender to evaluate the intended transferee as if a new'loan were besets made to the i trawfaase. and (b) Leader reasonably determines that Lender's security wilt not be impaired by the loan assumption and that the rhk of the s breads of any covenant or agreement in this Security Instrument is acceptable to Leader. To the extent permitted by applicable law. Lender may charge a reasonable fee as a condition to Lender's comsent to the loan asNumptio& Lender may also require the transferee to keep all the promises and aoreemeats made in the Note and in this Security instrument. "if Leander exercises such option to accelerate, Lender 0311 maul Borrower notiv'c of, acceleration in accordance with paragraph 14 hereof. Such notice shad provide a period of not less than 30 day-: trop, t tic date the mgice 0s !nailed within which Borrower may pay the sutras dedatid: . due. If Borrower fails to pay such sums prior to the expiration of tuclt periL4. Lender may, without iltrther notice or demand on Borrower,,. invoke any rewaIk%,jx- cmilted by this Security Instrument." "Notwithstaric9,trtg asakeeuetransfer, Borrower will continue to he oblissited under the Note and this Security Instrument unless Lender htia relesived tiorrawer in wtitirg:" F. W*N CHANGt•S If the loan secured by the Security lnstrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan execed permitted lim ts, then: (1) any such loan -- - -- charge atoll Ise rmlu- i hwtika Al—In .,..,.....o.... �i.� ::h� _�,.__. .ale ,.u_.:.. --. .. ._ _�..�_..._ �... a....6.,.v.. {rcii'nir:.t•r�. riot: ititvtLlwnir Burris 7rttCatiyi 'OttlC[101ralrrDUROW!'r which exceeded permitted limits will be refunded to Borrower. Lender may choose to'knake this refund by reducing the principal owed under the Note or by makiny,u direct payment to Borrower. if a refund reduces prip.cipuL the teduction will be treated as a partial prepayment under that• Now. A IV WI'INErS WHMFf ,, Iiorrewer has executed 1kh Adjestsbte.Rate Rider. (sew) -Cdwatd.D. RawlingSBORROWER Carol A. Rawlings Ho RROweR (Seatj. Bol�ltows>Z (SIGN ORIGINAL ONLY) IN ten U2, n n t'.i e... rn h �P V. 4 4 r` .