87107275 - Laserfiche WebLink

Browse

r r D. UNIFORM. SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY Uniform Covenant 15 of the Security Instrument is amended to read as follows: 15. Ulliform IIK1Irlty lastrillllalt; Governing Law; Severability. This form of Security Instrument combines uniform covenants for national use and non,uniform covenants "ith limited variations by jurisdiction to constitute a uniform security instrument covering.reaI proPerty. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in whleh the Property is located. In theeve.nt that any provisi;'n or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisioris 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 INTERFST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Tramel' of tile Property or a BmerH:iaIlllterest ill Rqrrown-. If all or any part of the Property (lr an .interest therein is sold or transferred (or if.a.beneficialinterest 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, decIafe 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 wai\'e the exercise of this option if: (a) Borrower. causes to be submitted to Lender infonnationrequired by Lender to evaluate the intended transferee as if a new loan were being inade to the transferee; and (b) Lender reasonabty determines that Lender's security "ill 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. Lender may also require the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. "If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance \\ith paragraph 14 hereof. Such notice shall prmide a period of not less than 30 days from the 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, "ithout further notice or demand on Borrower, invoke any remedies permitted by tlus Security Instrument." "Not"ithstanding a sale or transfer. Borrower "ill continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. WAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets ma'timum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in oonnection "ith the loan exceed permitted limits. then: (I) any such loan 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 "ill be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed und~ the Note or by miling a direct payment to Borrower. If a refund reduces principal. the reduction "ill be treated as a partial prepayment under the Note. IN WITNESS WHEREOF, Borrower lias n_tN this Adjustable Rate Rider. '/7/lA.. ~.tU'./ k. 7'J~ Michael K. HarrisBORRO~~R (Seal) ~~ ~ \~l"," Amy C. Ha~is BORRO~~R (Seal) (Seal) BORRO~~R (SIGN ORIGINAL ONLY) ~ " co:: -. -.......~ \.:., CO rn ....., ::J e-, i>> r ~ .~ -zc:-..c:-..' ~ -. - ~ - It - '" ... r--...> 3 ::> ::> ~ --- - >-.... ..~~~ t>> .. P 0 ~ ... .-' .J~2 . } '..... 3 ~ . c:-- ,~~ ---..j a . ~ -- !l ~.r1 'Z :0 P L ~ 0 -4 .~ ~.\J \) \; ~-~