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<br />(E) Leal Limitation on Rate. "~ ^_ t) ~ ~ ~ r 0 <br />If the find rate to be quoted on any Paymert Change Date exceeds the m®dmtm charges or rate <br />allowed try applicable ]aw, then comecsion will not be allowed for that Payment Ctacige Date. The <br />note bolder may offer a lover rate or charges than required or permitted by this section in order to <br />ce~ly with soda legal limitations, but is rot required to do so. <br />(F) Prepayment. <br />If, after conversion, I make acry prepaymecrt under section 8, it will 6e governed by section 8 <br />ecooept tier rte amxmt of my mort6ly paymerta will mt be . <br />(G) Provisions Not Applicable after Conversion. <br />After conversion of this loan, sections 2 (except for the first two sentences), 3, 4 (e.:a:ept <br />for (A)), 5, 7, am the last two sentences of section B shall not apply. <br />7. NOTICE OF CHANGES <br />Tree Note Holder will mail or deliver to me a rotice of any in the Full Monthly Amamct <br />acct my monthly payments at least 30 days before the effective date of airy clnange. Tie notice will <br />include infonmtion required bP ]aw to be given me and also the title acct teleptrnce ncveer of a <br />person who will answer acry question I may have regarding rte notice." <br />B. CHARGES; LIENS <br />Uniform Covecact 4 of the Security Instrumert is amerded to read as follows: <br />4. Ctrargea; Liens. Borrower shall pay all taxes, assessments, a~ other charges, ficces:.aoii, <br />impositions attributable to the Property which may attain a priority aver this Serenity InetrTaent; <br />std leasehold payments or ground rerts, if arty, in the a.a*~+e* provided .order parka 2 hereof cr, <br />if not paid in such +~**+a*, by Borrower making paymert, wlre[c due, directly to the payee:tteneuf. <br />Borrower shall prcaQtly furnish to Larder all notices of amwats due under this paragraph, and in the <br />evict Borrower sha11 make payment directly, Borrwer shall pt~ptly furnish to Leader receipts <br />evidencing scch paymarts. Borrower shall ptcmptly discharge a~ lien which has priority. over this <br />Sencrity Instrvmert; provided, that Borrower shall cot be required to dischazge ary such lien so long <br />as Borrower: (a) shall agree in writing to the payment of the obligstian secured by such-lien. in a <br />marncer acceptable to Leader; (b) shall in good faith contest such lien try, or defend against <br />enforce~ct of such lien in, legal proceedings which in rte opinion of larder operate to prevent the <br />enforeemect of the lien or forfeiture of the Property or acry part thereof; or (c) shall severe fray <br />the holder of such lien an agtee~rnt in a form satisfactory to Leader subordinating such lien to this <br />Security Iristrumert. <br />Lf Larder determinces that all or any part of the Property is subject to a lten which may attain a <br />Priority over this Security Instrument, Leader shall send Borrower notice. idet*ifyitg;_such lien. <br />Borrower stall satisfy such lien or talcs ore or ire of the actions set forth above within ten dogs . <br />of rte giving of notice. <br />C. NOTICE <br />Uniform Covenant 14 of the Security Instnment is amended [o read as follows: <br />14. Notice. Except for acct' noticE required under applicable law to be .given in snorter manner, (a) <br />arty notice to Borrower provided for in this Security Instrument shall be given lry delivering it or by <br />mailing it by first class mail addressed to Borrower at the Property Address or at suck.other address <br />as Borrower may designate by notice to Larder as provided terein, a~ (b) any entice to Leader stair <br />be given by first class mail to Lender's address stated herein or to sucdc other address as Lender-may: <br />desigcate try notice to Horror>nr as provided herein. Any entice provided for in rte Severity <br />Instrument shall be deemed to have teen given to Borrower of Leveer wt-ec given in the *~~~ <br />designated herein. <br />D. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY <br />Uniform Covi~t 15 of rte Security Instnmeot is amended to read as follows.: <br />IS. Uniform Deed of Ttvst; Governing Law; Severabi].ity. This form of Serenity Insttrment cumbdriea <br />uniform covenats use acct nonv<ciform couecm:cts with limited variations by jurisdiction oo canstihnte <br />a uniform security instrument covering real Property This Security Instrument shall be governed try <br />federal law ac~ct1 ~la~~w~ of rte jurisdiction in which the Property is located, In the event that arty. <br />provision or clacse of the Security Znstnment or the Nate conflicts with applicable law, such <br />conflict stall mt affect other provisions of this Security Znsrn~morrt or rte Note which can be given <br />effect wittcout the conflicticig provision, am to ttcis acct the provisions of this Security Instrument <br />a~ the Note are declared to 6e severable. <br />E. TRANSFER OF '17ff: PROPERTY; Q2 A ~ICIAL RZtIIiFST IN Bt7RI~FER. <br />Uniform Covenant 17 of the Seanrity Instrument is amended [o read as follows: <br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the <br />Property or an interest therein is sold or tracsferred (or if a beneficial interest in Borrwer is <br />so]d or traenaferred acct Borrower is not a natural person) without Lender's prior written consent, <br />Leader may, at Leader s option, declare all the soma secured by this Secu¢ity Instn.~„r to be <br />t,~ata~>ty doe and payable. However, this option shall not be e:erci.sed try bender if ererrcise is <br />mk authorized by Federal Law. <br />If Lender e:erdaes such option to accelerate, bender shell mail Borrower notice of acceleration in <br />acxro[dance with paragraph 14 lereof. Such entice shall provide a period of not less than 30 days <br />from the date the mhiee is mailed within which Borraxr may pay rte sums declared due. If Borrower <br />fails-to pay airh aims prior to the expiration of snnch period, Lender may, wittwt further notice or <br />demd on Borrower, invoke any r®dies permitted by paragraph 18 hereof. <br />Norovit}nstacdirg seals or transfer, Sarrawer will continue to be obli~ited render the Note and [his <br />Security Zcnstrvmecrt unless Lefler has released Borroweer in writing. <br />TMC-024 (qc} (Page 2) <br />Rev 2!84 {CAP 2) <br />