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83005776
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Last modified
11/19/2008 8:56:49 PM
Creation date
11/19/2008 8:56:48 PM
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DEEDS
Inst Number
83005776
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<br />r <br /> <br />83':;;'" 005776 <br /> <br />effect without the conflicting provision, and to this end the provisions of this Security Instrument and the Note are declared <br />to be severable. <br /> <br />r <br /> <br />E. TRANSFER OF THE PROPERTY; ASSUMPTION. <br />Uniform Covenant J7 of the Security Instrument is amended to read as follows: <br /> <br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred <br />by Borrower without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to this <br />Security Instrument which does not relate to a transfer of right.~ of occupancy in lhe property, (b) the creation of a purchase <br />money securily interest for household appliances. (c) a transfer by devise, descent or by operation of law upon the dealh of <br />a joint tenant or (d) the grant of any leasehold interest of three years or less nol containing an option to purchase. Lender <br />may, at Lender's option, declare alllhe sums secured by this Security InstrUment to be immedialely due and payable. <br />If Lender exercises such option 10 ac"elemte. Lender shall mail Borrower notice of accelemtion 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 wilhin <br />which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period; <br />Lender may, without further notice or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof. <br />Lender may consent to a sale or transfer if: (I) Borrower causes to be submitted to Lender information required by <br />Lender to evaluate the transferee as if a new loan were being made to the transferee; (2) Lender reasonably determines that <br />Lender's security will not be impaired. and that me risk of a breach of any covenant-Dr agreement in this Security Instrument <br />is acceptable; (3) interest will be payable on the sums secured by this Security Instmment at a rate acceptable to Lender; <br />(4) changes in the terms of the Note and this Secunty Instrument required by l.ender are made. including, for example. <br />perindic adjustment in the ,"terest nlle, a dIfferent tinal payment date for the loan. and addition of unpaid interest to principal; <br />an<! (5) the transferee SIgns an assumpl10n agreement that is acceptable 10 l.coder and that obligate< the transferee to keep <br />all the promises and agreements made in the Note and in this Security Instrument. as modified if required by Lender. To the <br />extent pern11ned by applicable 13\\. t..l~nder also m.l.Y charge a reasonable fCt, as a conditlon to Lender's consent to any sale <br />or transfer. <br />Borrower will \.'onrinue (p be ohligalcd under the NOfC and thi~ Security Instrument unless Lender releases Borrower <br />in writing. <br /> <br /> <br />F. BORROWER'S RIGHT TO REINSTATE <br /> <br />No~-Uniform Covenant 1'J ("BomJwer's Rig-ht to Reinstate < i i.... amended to [{'ad as follows: <br /> <br />19. Borrower's Right to R-einsbUe-. ~~Jtwlths{andin!! Lender's a:..'\:dcration of the ~ums secured by this Security <br />Jnstrument. Borrower ~han have t!'-~ nght to h.tvt' any rn__~;cclhngs ~gun hy Lender to enforre this St:curity Instrument <br />dIscontinued only If appli-..:ahk b\\ 'ie. pmvldcs. Any ng'ht h~ rcm"iatt' ...hall he exercIsed in the manner required by such <br />law. <br /> <br />G. NO FUTURE ADVAJIoiCES <br /> <br />N(}n~UnIfoml Cl),o'cnant 2 J lit" the S~l,:um! InSfnHllCnl { ""Future AJ\~Uh..-~S -' f 1-',. dd~t~d <br /> <br />H. LOAJIoi CHARGES <br />It" the loan SCi.'tlTed by the So.;UIlf\ lnsirumelH t~ '>,.uhje'\.:t I{l a tl" whli.:h \~i\ ma,\.lmum loan charges, and that Ia"" is finally <br />interpreted so that [oc m[e~t \tf vlher h.an ..:haq:.t'" cllHct:tt.'t.f i..'lf' tn t)C t..:t.lllected in I.:onnc:\,'"[ton with tm: loan exceed pennitttxi <br />limib. then: t I ) an)' ~Ui...h loan charge \haH he rniui.:..'o by the amount ntXt~s~ar.,.. to redlh.:e !ht, l:harge to the pemnued limits; <br />and \~J any SUIllS a.lr-c~j t:-oUcch:d from tl(l{'f{l\l<CT ~\,htch 1.:'",,\.'ccJ..~d pennitt~'-d limits Will be refunded In Borwwcr. Lender <br />may L:l\O(lSt:- to make this refund be:- f('dunng the pnnClpaJ ,)wcd und~r the Nute or b) m~tk.lIlg a direct payment \0 Bom-lwef. <br />If a refund redu('es prirk.'lpaL the reJul.:tlon \>, III tX' tn:ah;d dS a partlal pn~paymem under the !'\ote. <br /> <br />I. l.EGISLATlON <br /> <br />If. alter t~ date hereof. c,,'ruK-:lment or t,"\pnitHUH ~.1 a.ppltl,.,ahk ia\l.'~ h~tVC the dlt.."t:t -l"lth~r lIf r~ndering the provi:...jons of the <br />Note. the Sccunly Inslnnncm \)f lhl'!- .A,.:dJusta.bk Rate Ridl'r. (otht"f than thj~ paragraph I) uncnhm.:eablc a"'.I.:onling to their <br />tern1.~. \}f all or ilny pan of the ~unb ~\.'ureJ ht'TC-PY UHi.:~~!IC-I.'Uibk., .1~ \)(hcrwiSt" pm\'h.1cd in the Security (n~trument nnd this <br />Adjus.f..at\le Rate Rider. m (if dinHO\~hlflg the \illu1t lIf Lemkr \. 'o,l't'urity. th,:o LendcJ'. al Lt:ndcr \ option. may declare all <br />s.um~ SCl'ured by the Sn:un\)- lnslrunt-ent tn tx' uUlnt."-dJatd} due i.tlld l-lUyable. <br /> <br />IN WlTNI'-SS WHEREtlE Bootlw", h., c\e<'UIL-J [hI> Ad)u"able r-aYIIl"nt Rider <br /> <br /> <br />"" <br /> <br />(Seal) <br />.Borrower <br /> <br />r}-rist8 r. ;.Deetl <br /> <br />(ScaD <br />-Borrower <br /> <br />,Seal) <br />,Borrow.. <br /> <br />(Sign Ongmal OtlIyJ <br />
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