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83005710
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Last modified
11/20/2008 8:53:48 AM
Creation date
11/19/2008 8:42:54 PM
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DEEDS
Inst Number
83005710
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<br />I <br /> <br />83- 0 (/571 0 <br /> <br /> <br />r <br /> <br />faith contest such lien by, or defend against enforcement of such lien in. legal proceedings whichintbe opilliOt\:9f <br />Lenderc6_te't~preventtheenfo(telnentoftheljcnor' forteitllreofthe" Property or any part thereof; or( c) Wall' ' c <br />secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien 1(l4his: ' <br />Security Instrument, <br /> <br />If Lendel"detcrminestb1lt aU or any pan of the Property is subject toa lienwhicbmayattainBcptiOOtyo~c1bjsc; <br />Security Instroment..Lender shall give Borrower a notice identif}>ing'suchlien, Borrower shalt'sstisfy::Sllcbiliell''9!'lll!&:;' <br />oneormonl'oflbe actionssct forth above within ten, days of the giving of the notice, <br /> <br />C NOTICE <br /> <br />UnIformCovenam 14 of the Security Instrument is amended to read as follows: <br /> <br />14.. NOtiee. Except fot any notice required under applicable law to be given in another manner. (a) anynotia:to <br />Borrower-Pl'Ovidedfor in this Security Instrument sball be given by delivering it or by mailing it by first class mall 10 <br />Borrower attbe Property Address or at such other address as Borrower may designate by notice to Lender!s provided <br />herein, and (b) any notice to Lender shall be given by fin.. class mail to Lender's address stated herein 'or to such <br />other addrcssas Lender may d~ignate by notice to Borrower as provided berein. Any notice provided fodnthis <br />Security Instrument shall be deemed to bave bcen given to Borrower or Lender when given in the manner designated <br />herein, <br /> <br />D. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABIUTY <br /> <br />Uniform Covenant 15 of the Secunty Instrument is amended to read as follows: <br /> <br />15. Uniform Serurity ll15trument; Governi... La..; Sen".bllity. This form of Secunty Instrumelll 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 propeny, This Security Instrument shall be governed by Federal law and the law of <br />tbc junsdiaion in which tbe Propeny is located, In tbe event that any proVIsion or clause of tbis Security Instrument <br />or the Note contlicts Wllh applicable law. sucb contlict sball nOI affect otber prOVIsions of this Security Instrument or <br />the Note wbich can be gi>oen effect withoul the ronllictif'~ l'rovi.~ion, and (0 this end the provisions of this Security <br />Instrument and the Note are declared to he severable, <br /> <br />E. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br /> <br />Uniform Covenant 17 of tbe Seeurity Instrument is amended to rcad as follows: <br /> <br />17. Transfer of the Pl'Of>eI'ty or a Beneficiallnt<'reSt in Borrower. If an or any par! of the Propeny or an interest <br />therein is sold or transferred (or if a beneficial interest in Borrower is soid or transferred and Borrower is not a natural <br />person) without Lender's prior written consent. Lender may, at Lender's option, declare all the sums secured by this <br />Security InSlfUment to be immediatdy due and payable. However. this opllon shall not be exercised by Lender if <br />exetOse is not authorized by Federal law. <br /> <br />If Lender eJlen:ises such option to accelerate. Lender shall mail Borrower notice of a''Celeration in accordance with <br />paragraph 14 hereof. SU<:ft notice shall proVide a period of not less than 30 days from the dale the notice is mailed <br />within which Borrower may pay tbe Slims declared due. If Borrower fails 10 pay such sums prior to tbe ellPiration of <br />such period, Lender may. without fUr!her notice or demand on Borrower. Invoke any remedies Permitted by <br />paraaraph 18 heMOf. <br /> <br />Notwithstanding a sale or lransfer, Borrower will contlllue 10 be obligated under tbe Note and this Security <br />Instrument unless Lender has released Borrower in writi/li. <br /> <br />F. LOAN CHAa.GES <br /> <br />Iftbct loan secured by the Security Instrument is sllbjecllO a la.. which sets maximum llIan cbargt'S, and that law is <br />finally m~~ so that the ,i.ntCfC$l or other loan charges collected or to bc collected in connection with the loan <br />exceed permilled limits. then: (I) any such loan charge shali be reduced by lhe amount necessary to reduce tbe <br />cwac to tbct permicted limit; and (2) any slims already rolleeled from Borrower which exceeded permiued limits will <br />b4l reflUldet!toBorrowcr. Lender may choose 10 make this refund by reducing the principal owed 'under the Note or <br />by maldfl&a~pay_ to BorroweI, If a refun<! reduces principal.. the reduction will be treated 3$ a panial <br />prepayment un<!~ the Note.. <br /> <br />11'1 WItH_ WIiSUOF, Bon-ower bas executed ~t Adjustabl~, Rate R.llIer. ,;: / <br /> <br />/1/ (/ /1 r:' <br />",~.:!df4l)cj...y......~t!.:",tJ ,.,...,.. <br />Je:J7 L Sf't.tltz .' ,. <br />,,"~~.~:(":~,..:2:::.;;i;.Iz(<tt.....,,. <br />udau s. Schultz '0' <br /> <br />.......,......(Seal) <br />...8orto'WO( <br /> <br />..........,..,(Seal) <br />-8<lttowor <br /> <br />, ...(Sellil <br />.8_ <br />(SJttt 0<4IIn~ Only) <br /> <br />~~ ,~ <br />Jl<ti.,.r,Cfi-- <br /> <br /> <br />..,., <br />
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