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85003566
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Last modified
10/17/2011 10:55:06 PM
Creation date
4/1/2008 4:42:04 PM
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DEEDS
Inst Number
85003566
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A <br />UUNWORN SECURSECURITY 'NST'"EN'T; GOVERNING IA%; SEVERABILITV <br />nifor <br />D' <br />m Covenant 15 of the Security Instrument is amended to read as follows: <br />. UNUWM "Mft ldft�- Govainift Law- <br />. Severs biNty. This form Of Security Instrument combines uniform covenants for national use <br />F and "'f' "'Man's with limited variations by junsdiction to constitute a uniform security instrument covering real propertv. This <br />SwJrkY Instrument shall be governed by Federal law <br />and the law Of the jurisdiction in which the Property is located. In the event that any <br />Sprovision of clause of this Security InsuUment or the Note conflicts with applicable law, such conflict shall not affect other provisions CcM*Y Instrument or the Note which can be given effect without the conflicting Provision, and to this end the provisions of t of this <br />Instrument and the Note are declared to be severable. his Security <br />E. T14NSFU OF 'M PROMTV OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />17. TrMWW of &e Property or a Dener'C'M lnlnm IN Borrower. If all or any part of the propw or em <br />(or if a beneficial interest Y an interest therein is sold or transferred <br />Lender may. at Lender's 0 in Borrower is sold Or transferred and Borrower is not a "atural Person) Without Lender's prior written consent, <br />Ption, declare all the sums secured by this Security Instrument to be immediately due and payab . However, t <br />s not authorized by Federal law. Lender may waive the exercise le , his <br />cise of this option if: (a) Borrower <br />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 <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 Security Instrument is acceptable to Lender. <br />TO the extent Permitted 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 and agreements made in the Note and in this Security Instrument <br />"If Leader exercim such option to accelerate, Lender shall mail Borrower notice of acceleration ruffle <br />on in accordanoc with paragraph 14 hereof, <br />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 <br />due. If Borrower fails to pay such sums prior to the expiration of such period, Lender mav <br />invoke any remedies permitted by this security Instrument.- may, without further notice or demand on Borrower, <br />"Notwithstanding a sale or transfer, Borrower Will continue to be obligated under the Note and This Security Instrument unless Lenderhas <br />released Borrower in writing. ru <br />F. LOAN CHANGES <br />If the IM secured by the Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so <br />that the interest Or Other loan charges collected or to be collected in connection with the loan exceed permitted 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 permitted limits will 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 refund reduces principal, the reduction Will he treated as a partial prepayment under the <br />Note. <br />IN WffNESS WHEREOF, Borrower has executed this Adjustable Rate Rider. <br />V <br />DLiiight- G. Kiar. <br />L BORROWER <br />A <br />ihUy 86 RRc i �F <br />(Seao <br />BORROWER <br />(SIGN ORIGINAL ONLY) <br />--J <br />
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