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88106620
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88106620
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Last modified
3/9/2007 5:41:55 PM
Creation date
3/9/2007 4:44:37 AM
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DEEDS
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88106620
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<br />D, UNIFORM SECURITY INSTRUMEN1'1 GOVERNING LAWI SEVERABILITY <br />Uniform Covenant" of the Security Instrument tsamended 10 read as follows: <br /> <br />15. Uniform RCIlrtl,..lrumeall GoffmlD. La"l Sennblllty. This form of Sccurlly Instrument combines uniform covenants for national use <br />Bnd non-uniform covenants with limited variations by juriSdiction 10 consthute n uniform sC1:urlly instrument coverlo. rcal propeny. Thill <br />Security Instrument shall he lIovcrned by Federal Jaw and the law of the jurisdiction In which It)c Properly Is located. In the event lhat any <br />provision or clause of this Security Instrument or the Note connlels with applicable law. such conflict shall nol Dffect other provisions of thJs <br />Security Instrument or the Note which can be Biven effect without the conflicting provision, and 10 this end the provisions of this Security <br />Instrument and the Note are declared to be severable. <br /> <br />,,~, ' <br /> <br /> <br />E, TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Unlfonn Covenant 17 of the Security Instrument is amended to read &'i fallaws: <br /> <br />17. Tnnsrer oru.1t Property or I Beaeftdallnterat In Borrower. 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 L~nder's prior written consent, <br />Lender may. at Lender's option, declare all the sums secured by this Security Instrument to be immediately due WId payable. However, this <br />option shall not be exercised by Lender if exercise is not authorized by Federal law. Lender may waive the e;lIercisc ",f this option if: (0) Borrower <br />causeS to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being mode to the <br />transferee: and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of the <br />breach of any covenant or agreement in this Stcurity Instrument is acceptable to Lender. <br />To the extent pcrm.itted 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 all the promises Rnd agreements made in the Note and in this Security Instrument. <br />"If Lender e:ltercises such option to accelerate. Lender shall mail Borrower notice oC acceleration in accordance with paragraph 14 hereof. <br />Such notice shall provide a period oC not less than 30 days from the date the notice is mailed within which Borrower may pay the sums dec:Jared <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 remedies permitted by this Security Instrument. .. <br />UNotwithstandins a sale or transfer. Borrower <vill continue to be obligated under the Note and this Security Instrument unless Lender has <br />released Borrower in writing." <br /> <br />F, LOAN CHANGES <br />IC the loan secured by the Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted 50 <br />that the interest or other loan charges collected or to be collected in conncttion with the loan exceed pennitted limits. then: (1) any such loan <br />charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower <br />which exceeded pennitted limits wiD 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 reCund reduces principal. the reduction will be treated as a partial prepayment under the <br />Note. <br /> <br />IN WITNFSS WHEREOF. Borrower bu executed this AdjU5tabl~ Rate Rider. <br /> <br /> <br />(Seal) <br /> <br />(5<01) <br /> <br />(5<aI) <br /> <br />BORROWER <br />(SIGN ORIGINAL ONLY) <br /> <br /> "' <br /> .,.; " <br /> ~~ g~i~ ii <br /> co ~!. <br /> = IlbL <br /> ...... <br /> C"'> , ~ <br /> '" ~ c.n ......W <br /> "T> 0 C <br /> ,. '" -C 3 <br /> m = <n III <br /> m 3. <br /> ,P ~ '" ~ <n <br /> '" N :z <br /> ,. = ~~ !' <br /> i en '" 0 <br />L '" <br /> ~ <br /> \.1\) <br /> C:; <br /> l, <br /> I " <br />
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