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88106333
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Last modified
3/9/2007 5:41:52 PM
Creation date
3/9/2007 4:44:01 AM
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88106333
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<br />:j l <br /> <br />D. VNlFORM SECVRITY INSTRVMENT; GOVERNING LAW; SEVERABILITY <br />Uniform COYClWlt U or the Securlty Instrument is amended 10 read 85 follows: <br /> <br />15. VoIl_ ...rlll' baln_t; Go....... 11..; SeloerablUty. Thl. form or Security Instrument combine. unUorm covenant. ror national use <br />and non.uniform covenan15 with limited variations by Jurisdiction to conslllute a unirorm .ecurity instrument co.ering real property. Thi. <br />Security Instrument shaD be soverned by Federal law and the law or the Jurisdiction in which the Property I. 10<:8led. In Ihe ..enllhal any <br />pro.ision or clau.. or thl. Security Instrumenl or Ihe Note conflicts with applicable law, such conflict shall nol arrect other provlslons or this <br />Security Instl1lJtlent or Ihe Note which can be aiven effect without Ihe conflicting provision, and to this end the provl.ion. or Ihl. Security <br />Insuwnmt and the Note are declared. to be severable. <br /> <br /> <br />Eo tRANSFER OF THE PROPERTY OR A BENEFICIAL INTEIlFST IN BORROWER <br />Uniform COYClWlt 17 of the Security Instrument is amended to read 85 follows: <br /> <br />17. .........er 01 tile Pro""",, or alleaeftdaJ In_I In Borrower. Ir all or any part or the Property or an interest therein is sold or transferred <br />(or If . beneficial interest in Borrower is sold or transrc:rrcd and Borrower is not a natural person) wjthout Lender's prior wrium consent, <br />Lender may, at Lender's optiOD. declare all the sums secured by this Security Instrument to be immediately due and payable. However, this <br />option shall not be a:ercised by Lender if exercise is not authorized by FederallBw. Lender may waive the exercise of this option if: (a) Borrower <br />causa to be submitted 10 Lender infonnation required by Lender to evaluate the intended transferee as if a neW loan were being made to the <br />lrI.nsferee: and (b) Lender reasonably determines that lender's security will not be impaired by the Joan assumption and that the risk of the <br />breach Df any covenant or aarecment in this Security Insmunent is acceptable to Lender. <br />To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. <br />Lender may also require the transferee to keep aU the promises and agreements made in the Note and in this Security InstrumenL <br />..u l.enderexercises such option to accelerate, Lender. shall mail Borrower notice of acceleration in accordance wjth 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 Borrower 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 any rcmedic;s permitted by this Security Instrument. II <br />"Notwithstanding. sale or ttansfer, Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has <br />released Borrower In writlll8." <br /> <br />F. LOAN CHANGES <br />If the loan sec:ured by the Security Instrument is subject to a law which sets m~mum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges coUceled or to be collected in connection with the loan exceed permitted limits, then: (I) any such loan <br />char.. shall be redUCled by the amount necessary to reduce the charse to the permitted limit; and (2) any sums alrea:ly collected from borrower <br />which exceeded permitted limits will be refunded to Borrower.l.Cnder 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 /> <br />IN WITNESS WHEIImF, JIonower hu.._1ed thl.s AdjDllllblellAle Rider. <br /> <br />(~~/~~{ <br /> <br />Wang RROWER' <br /> <br />(Seal) <br /> <br />Chun M. <br /> <br />W~[A4 <br /> <br />Myong Wang BORR R <br /> <br />(Seal) <br /> <br />BORROWER <br />(SIGN ORIGINAL ONLY)' <br /> <br />(Seal) <br /> <br /> .. <br /> -r CD e>CI> ... <br /> cc 0-< :>' <br /> :z c: :s>- e>> I <br /> z-< <br /> = -fm 00 <br /> " co <br /> .~ -<0 , <br /> .... 0'" iFSi'e <br /> <:> <C ""1z il~"'" II <br /> ..... , <br /> ;;: "\ :>> ~E ~~" r <br /> m 0 ::r r- ~ fJa2 c <br /> ':> Q j <br />/:J :J> ,.. . to) <br /> ..... _~ .W a <br />... cc CI> to) 1 <br />! CI> <br /> \.v <br />.II '0. <br /> ., <br /> h <br />
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