87104577 - Laserfiche WebLink

Browse

D. UNIF[MM SECURITY INSTRUMFN1, GOVERNING LAW; SEVERABILITV Uniform Covenant 15 of the Security Inumm mt is amended to read as follows: 1S. Utsweeft —wft IetamnxtnN C- everai g Law; severabinty. This form of Security Instrument combines uniform covenants for national use fi anal ' oem covenants with limiter variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located, In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions 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 arc declared to be severable. E:. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17, Tm edsr of Bee Progeny or a beadkfd Interest in Bernwar. If all or any part of the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender any, at Lender's option, declare all the sums secured by this Security Instrument to be immediately due and payable. However, this oittio n shall not be exercised by Lender if exercise is not authorized by Federal law. Leader may waive the exercise of this option if: (a) Borrower causes to be submitted to Lender information required by Leader to evaluate the intended transferee as if a new loan were being made to the transferee, and (b) Lender reasonably determines that 's security will not be impaired by the loan assumption and that the risk of the breach of any covenantor agreement in this Security Instminent is acceptable to Lender. To the extent permitted by applicable taw. Lender may charge a reakmable fee as a condition to Lender's consent to the loan assumption. Leader may also require the transfem to keep all the promises and agrtxmcnts made in the Note and in this Security Instrument. "If Laufer exercim such option to accelerate, Lender shall trail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not Im than 30 days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower f" to pay such sums prior to the eapiratiort of such period. Lender may, without further notice or demand on Borrower, invoke any remedies permitted by this Security instrument." -Notwithstanding a ask or transfer. Borrower will continue to be obligated under the Note and this Security Instrument unless lender has released Borrower in writ ." F. LOAN CMANGES If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other charges collected or to be collated in connection with the loan exceed permitted limits, then: (1) any such loan charms shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower permitted which exceeded be refunded to Borrower. Lender may choose to snake 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 treated as a partial prepayment under the Note. IN wITNFM WMLIWW. Berriewer has rxasanid this AdJntabie Role RNer. (Sea]) Kenneth E. hilligas BORROWER (Seal) Ramona xr a . * a BORROWER (Bal BORROWER si (SIGN ORIGINAL ONLY) CO ; ca v1 {` O0 c= 1 tor-; Ko „ u, Q