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84000125
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84000125
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Last modified
11/18/2008 2:23:43 PM
Creation date
11/18/2008 2:22:12 PM
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DEEDS
Inst Number
84000125
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<br />~~ ---~ 01012 ~ <br />be governed by federal law and Lsta of the jtorisdictron is which the Property is located. In the <br />event that any provision or clause of the' Setaority L;istnment or the Note conflicts w3ih.applicahle <br />- law, strh conflict shall rot affect other pmvisiais of this Sectaity Instrtma~t or the' Note rf-3clr <br />cmm be given effect witho~ the- conflicting proviaien, std to this end the provisions of this <br />Security Instai»t std-the Note are declared to be severable. <br />E. TRANSFER 6F THE- PROPERTY; OR A BENEFICIAL, INTEREST IN BORROWER: <br />Uniform Covaiant I7 of the S~sity 7nstxtment is amaded to read as fol7:owsa <br />1?. Transfer of the Property or a Beneficial Interest in Borrower. 1f all or any part- of ttie <br />Property or an interest therein is sold or transferred (or if a beiefiriat interest iii Borrower is <br />sold or transferred std Borrower is rot a natural person) without Letder's prior written ceosart, <br />Larder map, at Lender's option, declare all the stets sectored by this SectsiLy Instn~+~»*- to be <br />i®ediately due. and° payable. However, this option shall rot be exert~sed by Letder if ei~rcise is <br />rot a~rthorized b9 Federal Law. <br />If Lender exercises suctr optron to accelerate, lender shall mail Borrower mtrce of aec~lvcatinn in <br />accortiaace- with paragraph 14 hereof. Such mti~ shall provide a period of tnC ].ess° than 30-'days , <br />from the date the entice is mailed within which Borrower may pay the arms declared due:. If.Borrbwet <br />fails to pay strt3t arms prior to the expiration of such Period, Larder may, without further notice or <br />demaad'm Borrower, invoke arty >x.~wt;aa permitted by Paragraph 18 hereof. <br />Notwithstaffiitg a sale or traoefer, Borrower will C~rtinw to be oblt8ated ruder the Note aid this <br />Setasity Instrtmetu: tnless Larder has r+ Borrower in writitlg. <br />F. NO FUTURE ADVANCES <br />Non-Uniform Cav~nt 21 of 23~e Sec+sity Instrtmatt ("Ftit~e Advances"} is deleted: <br />G. LOAN CHARGES <br />If the-Loan sectsei by the Secrmity 7nstrtmart is subject to a law which sets maximm lean charges, <br />and that law is finally interpreted so that the interest or other loan charges collected or to be <br />collected in ~~*+~tion with the lom exc~i peffitted limits, then: (1) any such 1~ cktarge shall: <br />be reduced by the arrant mcessary to redtx;e the. charge to the permitted limits; std (2) any store <br />already-collected from Borrower which exceeded permitted limits will be refiuded to Borxvwer. lender <br />may rtnose to tmke this reftad by reducing the principal owed raider the Note or by maldng a direct <br />Paymart to Borrower. If a refired reduces principal, the reductr~ will be treated as a partial <br />prepayment tamer the Note. <br />H. LEGISLATION <br />If, after the date hereof, enactment or expiration of applicable laws have the effect either of <br />renderigg the provisions of the Note, the Security Instximent or this Adjustable Payment R=?~r (other <br />than this paragraph H) utt~forceahle according to ttr3r terms, or all or any part of the stet sectored <br />hereby tmcollectahle, as otherwise provided in the Security Instrtment a~ this Adjustable Payment <br />Rider, or of aimi>,~a,t~ the vim of Larder`s security, then Lender, at Lender's optrat, may delare <br />all elms securt^d by the Security Instnme<rt to ix immediately due and payable. <br />IN WTIPFSS WHEREOF, Borrower has executed/this Adjustable Payment Rider. <br />~ ~' ~ ~.F' .Ep.G. s - (Seal) <br />Star ey T . Peterson "~r~`er <br />~ .±''/lr~tL~~~% ~.--~ '~~~,=~=-a.r't..- (Seal) <br />r; <br />-Borrower <br />f .JeaneCte r,. Petersen <br />(Seal) <br />-Bora~oser <br />(S~ Original ~Y) <br />TMC-04.5 (qc) (Page 2) <br />(New ll!8.7) <br />
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