88107030 - Laserfiche WebLink

Browse

D. UNU'ORM SECURm' INSTRUMENT: GOVERNING LAW; S.:VERABILlT\' Uniform C{)venant IS of the Security Instrument is amended [0 read os follows: ( IS. UaJlorm 1SK!L1I'j" .lbfnlDellt; Conrmq: Law; SenrabWty. This form of Security Instrument combines uniform covenants for national use and non.unlfor, ,,'>;:.~mls wilh limited variations by jurisdiction 10 consl!lule a uniform ,""urily Instrumenl coverins ..al property. This Securily Inslru,n<.." ,hall be governed by Federal law and Ihe law of Ihe jurisdiction In which Ihe Property is located. In the evenllhal any provision or :;IO!use of this Security Instrument or the Note conflicts with applicable law, such connic1 shllll not affect other provisions of this Security Instrument or the Note whJch can be given effect wltliout the conflicting provision, and 10 this end the provisions of this Security Instrument and the Note are declareclto be sev...rable. Eo TRANSFER OF TIlE PROPERT\' OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument iSl;mended to read as follows: 17. Tnlllfer of the Property or _ Beacfidallatera.la Borrower. If all or any part of the Propeny or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transFerred and Borrower is nol a natural person) without Lender's prior written consent. Lender may, at Lender's opllon, declare alllhe sums secured by this Security Instrument to be immediately due and payable. However. this option shall not be exercised by Lender jf exercise is not authorized by Federal law. Lender may waive the exercise of this option if: (a) Borrower cau.ses to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that lender's security will 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 me extent penniUed 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 U'ansferee to keep all the promises and agreements made in the Note and in this Security Instrument. u[f Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. 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 due. If Borrower fails to pay such sums prior to the expiration of such period. Lender may. without further notice or demand on Borrower, invoke any remedies permitted by this Security Instrument. ,. "Notwithstanding a sale or transfer. Borrower will conlinue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing.' I F. WAN CHANGES If the loan secured by tbe Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted 50 that the interest or other loan charges coUected or to be collected in connection with the loan exceed permitted limits, then: (I) any such loan charge shall be reduced by the amount necessary to reduce tile charge (0 the permitted limit; and (2) any sums already collected from borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be created as a partial prepayment llD.der the NOle. IN WITNESS WHEREOF, Borrower has <xecuted this Adjustable Rate Rider. f~;Jd' -J Francis Macie~VVER (Seal) ~ A..-j n;~~ ladys M~eJewsk~ BORROIt9ER (Seal) (Seal) BORROVVER (SIGN ORIGINAL ONLY) w -.. ... = au> :> ~):J 0:> o -I 00 15 c: '"'" i = ~;: ~~~, ,.,., " . <'"> ~ ~ ~. - 0 :3::J:::l ..... ~ ~ t>> ~ -=> CJ:J 0 -n it.... 0 ~ p~ ~ n l:. r- """'!:"' ." t = ~: ..... 3 C:O -n .. => ...., ~ 0 =. on ~ '"'" W z t ..... -- <::> t~ 0 P U> -- VJ 0.- '- \~