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83006259
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83006259
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Last modified
11/20/2008 9:27:08 AM
Creation date
11/20/2008 9:27:08 AM
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DEEDS
Inst Number
83006259
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<br />I" <br /> <br />83-006259 <br /> <br />be governed by federal law and law of' tbe jurisdiction in ..nich tbe Property is located. m tbe <br />event that. any pro-..dsion or cl&Jse of tbe Security Instnmant or tbe rbte. conflicts with appliCable, <br />law, s.m. conflict. shall rot affect other provisions of this Security Insl:!:llDent ortheNOte~ <br />can be g1ve.'1 effect witOOut tbe conflicting provision, and to this and tbe. provisi<Xlll of this <br />SeaJd.ty Instrwmt and tbe NOte are declaJ:ed to be severable, <br /> <br />E. TRANSFER OF THE PROPERTY; OR A BENEFICIAL INTEREST IN BORROWER, <br /> <br />lkrl.follnCovellant 17 of tbe. Security Instrwmt is auended. to read as fo1laws: <br /> <br />17. Tramfer of the Property or a l!eIlef:icla1 mterest in 1lorn:M!r. If all or anypBrtoftfie, <br />Property or an inten!st therein is sold or transferred (or if a beIlefid.al inl:erestin Borroierds <br />sold or transferred and Ilorr<M!r is rot a natural person) witOOut Lender's prior wr:i.tten'coosant. <br />I.en1er may, at Lem.er's optiCll, declare all tbe SIJIS secured by this SeaJd.ty IristJ:aJlent' toi'be" <br />imDedjately due and payable. !klwewr, this option shall rot bee><ercised byI.en1er'if exerd:lle'is. <br />rot autlDri2ed by Fedetal law. <br /> <br />If Lender exeICises suchoptiCll to accelerate, lender shall mailllorn:M!rnoticeofacceler.ttion-in <br />accon!anc:e with paragraph 14 hereof. Such notice shall provide a period of rot less than 30 days , <br />frail tbe date tbe notice is mailed within -..1rlcl1 Borrower. may pay tbe SIJIS declaJ:ed dUe.. .If.llOtrI:llier. <br />&-41ii to ~Y s-uc...1) so..=! prior to -the e:~tloo of such periOOj T~>>or'-'W!:lY) 'w'ithout rur:-hi:oro-1'iOtlce.;-0i;': <br />dlmmd 00 llorrooer, invoke any ranedies pmnitted by paragraph 18 bereof. <br /> <br />lbtwithsttnding a sale or traIl8fer, BorrCllo'er will aJIltinue to be o~ted under tbeNOte and this <br />Security lnstrunent wless Lem.er has released Borrower in writing. <br /> <br />F. NO FUTURE ADVANCES <br /> <br />Non-Unifonn CoveIlant 21 of tbe Security Instrunent ("future Advances") is deleted. <br /> <br />G. LOAN CHARGES <br /> <br />If tbe !.oan se::ured by tbe Security InstnJlEllt is subject to a law -..1rlcl1 sets maxI!IIm loan charges, <br />and that. law is finally :inteqlreted so that tbe interest or other loan charges. collected or to be <br />collected in camection with the loan exceed permitted limits, then: (1) any s.m loan charge shall <br />be !:educed by the _t necessary to reduce tbe charge to tbe permitted limits; and (2) any SIIII8 <br />~y collected frail Borr:ooer Wch exceeded permitted limits will be refunded to Bon'OiO!r. Lender <br />_y choose to DBke this refuod by reducing tbe principal c-.i under tbe rbte or by msk:lng a direct <br />pa}'lDE!l1t to BoJ:X'Oier. If a refund reduces principal, tbe reduction will be treated ii3 a partial <br />prepa}'lDE!l1t wder tbe NOte. <br /> <br />H. LEGISLATION <br /> <br />If, after tbe date bereof, enactment or expiration of applicable laws have tbe effect either of <br />~ tbe provisials of tbe rbte, tbe Security Instruuent or this Adjustable Payment llider (otlEr <br />than this paragrafll H) wenforceable according to their tenus, or all or any part of the SlJIlS secured <br />hereby UDCollectable, as otberwise provided in the Security Instrl.m!nt and this Adjustable Payment <br />llider, or of diminishing tbe value of !.ender's security, then !.ender, at I.en1er's option, may delcare <br />all SUDS secured by tbe Security Instrl.m!nt to be :imJe:l.iately due and payable. <br /> <br />rn WI'lNlSS WlI&lEXF, Borr:ooer has E!lleCUted this Adjustable l'ayuelt llider. <br /> <br /> <br />(Seal) <br />-ilorroI;er <br /> <br />(Seal) <br />-ilorrower <br /> <br />(Sign Original CkIly) <br /> <br /> <br />THC-OOS (qc) (Page 2) <br />(New 11/83) <br />
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