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83005182
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Last modified
11/19/2008 7:12:48 PM
Creation date
11/19/2008 7:12:47 PM
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DEEDS
Inst Number
83005182
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<br />I <br /> <br />r <br /> <br />faith contest such lien by, or defend against enforcement of such lien in, legal proceedings which in the opinion of <br />Lender operate to prevent the enforcement of the lien or forfeiture of the Propeny or any pan thereof; or (c) shall <br />secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this <br />Security Instrument. <br /> <br />If Lender determines that all or any pan of the Propeny is subject to a lien which may altain a priority over this <br />Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfY such lien or take <br />one or more of the actions set fonh above within ten davs of the giving of the notice. <br /> <br />C. NOTICE <br /> <br />Uniform Covenant 14 of the Security Instrument is amended to read as follows: <br /> <br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to <br />Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail to <br />Borrower at the Propeny Address or at such other addres.s as Borrower may designate by notice to Lender as provided <br />herein, and (b) any norice to Lender shall be given by first class mail to Lender's address stated herein or to such <br />other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this <br />Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated <br />herein. <br /> <br />D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY <br /> <br />Uniform Covenant 15 of the Security Instrument is amended to read as follows: <br /> <br />IS. Uniform Security Instrumeot; Governing Law; Severability. This form of Security Instrument combines uniform <br />covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform <br />security instrument covering real property. This Security Instrument shall be governed by Federal law and the law of <br />the jurisdiction in which the Property IS located. In the event that any provision or clause of this Security Instrument <br />or the Note conflicts with applicable law. such conflict shail not affect other provisions of this Security Instrument or <br />the Note which can be given effect without the conflicting provision, and to this end the provisions of this Security <br />Instrument and the Note are declared to be severable. <br /> <br />E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br /> <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows; <br /> <br />t 7. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or an interest <br />therein is sold or transferred ( or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural <br />person) without Lender's prior wrilten consent, Lender may, at Lender's option, declare all the sums secured by this <br />Security Instrument to be immediately due and payable, However. this option shall not be exercised by Lender if <br />exercise is not authorized by Federal law. <br /> <br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with <br />paragraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed <br />within which Borrower may pay the sums declared due, If Borrower fails to pay such sums prior to the .expiration of <br />such period, Lender may. without further notice or demand on Borrower, invoke any remedies permiued by <br />paragraph 18 hereof. <br /> <br />Notwithstanding a sale or transfer, Borrower will continue to be obligated under the Note and this Security <br />Instrument unless Lender has released Borrower in writing. <br /> <br />F, LOAN CHARGES <br /> <br />L <br /> <br />If the loan secured by the Security Instrument is subject to a law which sets maximum loan charges, and lhat law is <br />finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan <br />exceed permiued limits, then: ( I) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the permitted limit; and (2) any sums already collected from Borrower which exceeded permiued limits will <br />'-... be refunded 10 Borrower. Lender may choose to make this refund by reducing the principal owed 'under the Note or <br />~ by makin, a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial <br />~'" prepayment under tbe Note. <br />'" \.~ <br /> <br /> <br />~ ~~~' .".~:-:"'~'-'u'7J::4~~r~J:", <br /> <br />a...... .. J '!~ Harry A. Hdch, "r. . .,e:r <br />'66.' U)!i .,l.J:J. _...j. ~ ;; ........(:'.~7.i.L..........<:.........c;&.r:dL"...... <br />~ · f! -- ~ I' ,~1-';~);, 0.... Jane r;1. Hocrl <br />. '" 'cat... l,.;'. <br />ilG /., .i'l' <br />~, <br />il&: ~i~ ~ <br />'.6 ~:- i' <br /> <br />.................(Seal) <br />,!lorro_ <br /> <br />........(Seal) <br />-BorroWtlf <br /> <br />t- <br />O <br /><( <br />It <br />t- <br />1Il <br />Q) <br />c( <br /> <br />""" <br />f'><.I <br /> <br />~ii <br /> <br />..(Seal) <br />-8orrOWOf <br />IS'lIn Orlg"'tli Only) <br /> <br />..: <br /> <br />.;:r~ <br />it! <br /> <br />o <br />
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