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84000985
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Last modified
11/18/2008 5:37:21 PM
Creation date
11/18/2008 5:36:00 PM
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DEEDS
Inst Number
84000985
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$4~--li00985 , <br />(E) Legtl Limitation on Rate. <br />If theā¢ firaad rate m be quoted as anry Payment Ctnmcge Date aa:eeds'the mmdact4 charges or fate <br />allowed by applicable lea, then comereion wlll not be allowed for that Pay~ot"Qiso®e Date. The <br />crate holder may offer a lower rate or charges than required or peffitted by this snxtiar"in order m <br />c®ply with such legal umitaeirnfs, tut is ent regndred to do eo. <br />CF) Prepayment. <br />If, after aomiersion, I make a~ prepayaenct fader section 8, it will be gouesned by section 8 <br />eanept that rte amnnt of my moKhly paymerYS sill: cot be <br />(G) Provlsioos Not Applicab]e after Conversion. <br />After carversion of this loan, sections 2 (except for -the first twn3'aentemiesj, 3, 4 (e~sapt <br />for (A)), 5, 7, and the Last two sentences of sns:tiar8 shall trot apply. <br />7. NOTICE OF CHANGES <br />The Note Holder will mail or deliver m me a entice of airy in the F1ul]: Monthly Amcnt <br />and my mocuhly payments at least 30 days before the effective date of acry c}caccge:' The<nct3oe will <br />include information required by Law m be given me aM also the title and teleptvne na~er of a <br />person who will answer any question Z may have regarding the entice." <br />B. CHARGES; LIENS <br />Uniform Covenant 4 of the Senaity Inarr+~ is amended m read as follawrs: <br />4. Charges; Liens. Borroser shall pay all tonnes, asseeaments, aai otkier chssges, fi>~ and <br />impositions attributable m the Property which may attain a priority over this Seaaity Lcatrument, <br />if~cntpsid~in s~aii ,s1e p8raa~d rents, if arry, in the ®mer provided under patagraph;2.6afeof or, <br />by Bortwer making papmeat, when due, directly. to.ttle payee thereof: <br />Bon:7ower shall prc~ntly furnish m Lender all notices of asnnmts due under ttcis paragtsQh, and in tle <br />event Bor'cocaer stall make payment directly, Horrors shall promptly franish to Lades t+eceiPts <br />evidarSrg such paymenrts. Borraaer shall pra~tly disdharge anry lien which has priority over- tide. <br />Securlty Lnstrnzaerlt; provided, that Borrower stroll ent be regcdred m discharge any such lien so long <br />as Borrower: (a) shall agree in writing to the payment of the obligation secured try such lien in a <br />master acceptable m Lender; (b) shall in good faith contest such lien by, or defend against <br />eriorcemant of such lien in, legal proceedings which in the opSnion of Larder operate to prevent the <br />enforc®ent of the lien or forfeiture of the Property or arty part thereof; or (c) shall secure from <br />the holder of such lien an agre~nt in a form satisfactory to larder subordinating such lien to this <br />Security ]nstxr~nt. <br />If bender detenmicnes that all or arty part of the Property is subject to a lien which may attaia a <br />pdority over this Seauity Ins~~+r, lender shall send Borrower notice identifying such lien. <br />Borra+er shall satisfy suds lien or take ore or ire of the actio[s set forth alwve within ten days <br />of the giving of notice. <br />C. NOTICE <br />Uniform Covennant 14 of the Security Instruoent is amended m read as follows: <br />14. Notice. Except for any notice required under applicable Lena m be given in another manner, (a) <br />any notice m Borrower provided for in this Security InsizL~M shall be given by delivering it or by <br />mailing it by first riz s mail addressed to Borrower at the Property Address or at such other address <br />as Borrower may designate by satire to Larder as provided herein, and (b) cry notice m Lender stall <br />6e given by first class mail m Lender's address stated herein or m suds other address as Lender may <br />designate by notice m Borrower as provided herein. Any :.once provided for in the Security <br />]rstn~nt shall be deed m gave bean given m Borrower or !,ender when given in the mazaier <br />designated herein. <br />D. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY <br />Uniform Covert 15 of the Security Instcu+!P~ is amend m read as follows: <br />L5. Uniform Deed of Trust; Governicg Law; Severatdlity. This form of Seauity Icstnaaent combinnes <br />uniform covenants use acd nocnarifonm covenants with limited variations by jurisdiction m constitute <br />a uniform security instrument covering real property. This Secuuity Instrcment shall be governed by <br />federal .law and Law of the jurisdiction in which the Property is located. In the event that arty <br />provision or claise of Ctle Security Instn.nPnr or the Note conflicts with applicable law, such <br />conflict shall cot affect other provisions of this Security Instnmtennt or the Note which can be given <br />effect without the conflicting provision, and to this e~ the provisions of this Security Instnment <br />a~ the Note are declared to be severable. <br />E. TRANSFER OF THE PRDPERiY; CR A B~ ICIAI. INTfItFSf IN BOR[~Wr'.R. <br />Uniform Covenant 17 of the Security Ixstnment is amended m read as follows <br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or anry pert of the <br />Property or an icntereat therein is sold or transferred (or if a beneficial intez~t in Borrower is <br />sold or transferred acd Borrower is not a natural person) wittnut lender"s prior written consent, <br />Lender may, at Larder s option, declare all the sums secured by this Security IrBtrvment to be <br />iamediately due and payable. However, this option shall not be ennercised by Lender if exercise is <br />cot authorizai by Federal Lai. <br />If Lender e~reises such option m accelerate, herder shall mail Borrower notice of acceleration in <br />acoorda<re with paragraph 14 thereof. Such notice shall provide a period of not less than 30 days <br />fr® the date the mice i$ mailed within which Borrower cosy pay rte srs dec?ared due. If Borrower <br />fsius m pay such soma prior m the expiration of such period, Larder may, without further notico or <br />d®and oa Borrower, invoice arty remedies permitted by paragraph 1$ hereof. <br />Notwithstardicg a sale or trarefer, Borrwer wi11 conntirue to 6e obligated corder the Vote acd this <br />Security InnstrvtaenY unless Leader teas released Borrower in wilting. <br />ThC-~24 (qc) (Page 2) <br />Rev 2184 (LAP :) <br />
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