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(E} l.epal LSmitation on Bate. ~~ ~-... {) V 1 1 2 Jr <br />1f tte fixed rate to be quoted on any Payment Change Date exreeds the tmtdm~m Chatgee or rate <br />allowed }ry applicable law, then cacverslon will not be allowed for that Payment Change Date. The <br />rote holder may offer a lower rate or chazges than required or permitted lry this section in order to <br />corply with auifr legal limitatiotrs, but is not required to do so. <br />(F) Prepayment. <br />If, after cotrversion, I make anq prepaymett cider section 8, it will be governed try section $ <br />except that the amourt of mY monthly payments will not be dm~. <br />(G) Provisions Not Applicable after Cornersion. <br />After cam~ersian of this loan, sections 2 (except for tie first two serteaoesj, 3, 4 (emrept:' <br />for (A)), 5, 7, std the last two sentences of section S shall not apply. <br />7. NOTICE OF CHANGES <br />The Note Holder will mail or deliver to me a notice of acry chac~ in the Full Monthly Amami <br />std my monthly payments at least 30 days before the effective date of airy charsge. 1te notice will <br />include information required by law to be given me and also tie title acd teleptwne n~er of a <br />person who will answer airy question I may have regarding the rotice." <br />B. CHARGES; LIENS <br />Uniform Covenat 4 of the Security Instrumert is ametded to read as follows: <br />4. Ctvargea; Liens. Borrower shall pay- all tam, assessments, std otter charges, fires- azd. , <br />impositions attributable to the Property which rosy attain a priority over this Secuaity Ir~6trrm.+rt; <br />std leaeetnld payments or grand rents, if airy, in the marnwr provided under paragraph 3 helEOf or, <br />1f rot paid is sudf ®cmer, by Borrower making payment, when due, directly to the .payee thereof. <br />Borrower shall pmoptly fracrish to Larder all notices of amamts due coder this paragraph, aud`in the <br />event Borrower shall make paymert directly, Borrower shall pr®ptly famish to leader naceipts <br />~p~mats. Borrower shall pr®ptly discfiarge any lien which has priority Dues- ttcis <br />provided, that Borrower shall rot >>e required to disctsrge auy suc2r lien so brig <br />as Borrower: (a) shall agree in writing to the paymert of the obligation starred try such lien in a <br />~^^e* acceptable to Lender; (b) strip in good faith cortesw such lien try, or defend against <br />enforoemetrt of such lien in, legal proceedicgs which in the opinion of tarvinr rate ro present the <br />enforoemett of tie lien or forfeiture of the I?roperty or arty part thereof; or (c) shall sec~se from <br />the holder of such lien an agreement in a form satisfactory to lender subordinating such lien to this <br />Security Icstrtmert. <br />If Lenrder determines that all or arty part of the Property is subject to a lam which may attain a <br />priority over this Security Instnnten[, Lender shall said Horrocuer notice idertifying such lien. <br />Borrower stall satisfy such lien or take one or ®re of the actiozB set forth above within ten days <br />of the giving of notice. <br />C. NOTICE <br />Uniform Covecatt 14 of the Security Instrrmert is amended to read as follows: <br />14. Notice. Except for airy notice required ruder applicable law to be given in atrother marnez, (a) <br />any notice to Borrower provided for in this Security Itsrr,m,anr shalt be given lry delivering it or by <br />mailitg it lry first class mail addressed to Borrower at the Property Address or at such other address <br />as Borrower may designate try notice to Lender as provided herein, acd (b) airy twtice to Larder shall <br />6e given by first class mail to Lender"s address stated herein or to such other. address as Leader may <br />designate by notice to Borrwer as provided herein. Any notice provided for in the Sect¢ity <br />Instrument shall be deemed to Have teen given to Horrwer or 1.ecder when given in the ~~* <br />denigrated herein. <br />D. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY <br />Uniform Cwetra<t 15 of the Sensity Icstrr~ett is ametded to read as follows: <br />15. Uniform Deed of Trust; Governing Lao; Severability. This form of Security Instrtment combines <br />uniform covetr®ts use std natl><riform couecsnts with limited variations by jurisdiction m cocstitute <br />a uniform security instrument covering real. property Th1s Security Instxtnlent shall be governed lry <br />federal law std laws of the jurisdiction in whidi the Property is located. In tie event that arty <br />provision or cla~ae of the Security Instrument or the Note conflicts with applicable law, such <br />conflict shall rot affect other provisions of this Searrity Instrumert or the Note which can be given <br />effect wtttwut the conflicting provision, and to this ecd the provisions of this Security Instnmtent <br />std the Note are declared to be severable. <br />E. TRHISEF,R OF THE PROPERLY; OR A BEt~ICL4L D!IfFRESf IN B~Wr12. <br />Uniform CovenatY 17 of the Searrity Instnment is amecded to read.as follows: <br />17. Transfer of the Property or a Beneficial Interest in Botrower. If all or airy part of the <br />Property or an irterest therein is sold or transferred {or if a beneficial interest in Borrower is <br />sold or transferred std Borrower is not a natural person) without Lender's prior written consent, <br />Larder may, at Lender"s option, declare all the sues secured by this Security Instrumert to be <br />t,~rtsraty due and payable. l3owever, this option shall not be exercised by Larder if exercise is <br />cwt authorized try Federal Law. <br />If Larder exercises such option to accelerate, Lender shall mail Borrower notice of acoelen[ion in <br />accordance with paragraph 14 hereof. Suds notice shall provide a period of not less than 30 days <br />fra• tie date the entice is mailed within which Borrower may pay the sums declared due. If Borrower <br />fails to pay ouch sues prior to the expiration of such period, Larder may, withart further notice or <br />demand on Borrower, invoke arty remedies permitted by paragraph 18 hereof. <br />[lotwittstatding asale or ttrusfet, Borrower will contitae to be obligated carder the Note std this <br />Security Tcstn>osrent unless Lender has released Borrower in writing. <br />T'.•iC-02k (qc) {Page 2) <br />Rev 2/234 iCAP 2} <br />