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85000569
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Last modified
10/17/2011 4:07:34 PM
Creation date
4/1/2008 3:49:55 PM
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DEEDS
Inst Number
85000569
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A <br />U. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY <br />Uniform Covenant 15 of the Security Instrument is amended to read as follows: <br />15. Uniform Security Instraaest; Governing Law; SeverabBhty. This form of Security Instrument combines uniform covenants for national <br />use and ton- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This <br />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 <br />provision or clause of this Security instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this <br />Security Instrument or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security <br />Instrument and the Note are declared to be severable. <br />E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />17. Trander of the Property or a Bearficial interest Is 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 Lender's prior written consent, <br />Leader may, at Lender's option, declare all the sums secured by this Security Instrument to be immediately due and payable. However, this <br />option shall not be exercised by Lender if exercise is not authorized by Federal law. <br />If Lender exercises such option to accelerate, Lender shall trail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such <br />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 dote. If <br />Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoke any <br />remedies permitted by paragraph 18 hereof. <br />Notwithstanding a sale or transfer. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender has <br />released Borrower in writing. <br />F. LOAN CHARGES <br />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 <br />interest or other loan charges collected or to be collected in connection with the loan exceed permitted limits, then: (1) any such loan charge shall <br />be reduced by the amount necessary to reduce the charge to the permitted limit; and (2) any sums already collected from Borrower which <br />exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note <br />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. <br />IN WITNESS WHEREOF, Borrower has executed this Adjustable Rate Rider. <br />9 <br />71 <br />I' <br />ABC ENGI <br />TRUSSES, INC. <br />ident <br />!!! A "Pik -'wit <br />ORROWER cretdry <br />5R IGINAL ONL1i <br />1 T ....� m �.. <br />CD <br />Vl <br />lt) <br />g•: <br />• <br />
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