86102852 - Laserfiche WebLink

Browse

IN D. VNWO W SECVMTV INSTRUMENT; GOVERN LNG LAW; SEVFRABII.1TY l;niforniCVven nt I$ of the Security Instrument is amended to read as follows. IS. Ih www "mieMy (rpaape -; Gasohol Law; StnvaMBfy. Thu form of Security Instrument combines uniform covenants for national use and ems- tmiform covenants with limited variations by jurisdiction to constitute it uniform security instrument covering real property. This Security Instrument siraCt tw governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision OF clause of this Security Instrument or the :dote 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 Securty instrument and the Note are declared to be severable. & TWANSiFF,R OF THE PROPEM OR A BENUXIAI. LYTERFST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Trawder of ere Prof wty or a Besdicial [trust In Dermwer. If all Of 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 may, at Lender's option, declare all the wens secured by this Security instruatem 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 waive the exercise of this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the tr&Wcrw; 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 cwvmant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonably 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 energises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph la hereof. Such notice shall provide a period of not less than -V 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 tray, without further notice or demand on Borrower, invoke any remedies permitted by this Security Instrument." "Notwithstanding a sale or transfer_ Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has released Borrower in writing." F. LOAN CHANGES If the loan secured by the Security Instrument is subject to a 'saw which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collated or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit: and (D any sums already collected from borrower which exceeded permitted limits will be refunded to Borrower. Leader 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 treated as a partial prepayment under the Note. IN WnNFSS WHEREOF, Borrower bas executed this Adjustable Rate Rider. P r n �_.' — - - -- (Seal) THOMAS J. 5.' BORROWER ANITA J. CORKLE BORROWER isea!) BORROWER (SIGN ORIGINAL ONLY) v 00 znea n o' J1 v