|
<br />(E) Legal Limitation on Rate. 84 ~ !:OCl5933
<br />If tre r~ rate to be qooted on ::t'J Payment Cheoge Date exceeds tre lJl'3X1m.m charges or rate
<br />allowej by applicable law, tren COIl\IIE!rsion will not be allowej for that Payment ~ Date. The
<br />note rolder may offer a laooer rate or charges than requl.red or penn1tted by this section in order to
<br />cCIllply with such legal limitations, b1t is not required to do 80.
<br />
<br />(F) Pt'epa)-'lmnt:.
<br />If, after CClI1IIeIlllon, I aske any pt<lpii.y1iiCnl: =1.ar =t!Dn 8, it will he governed by section 8
<br />exrept tlBt tre annmt of my lIOOI;h.l.y p!yIIIet'lts will not be changed.
<br />
<br />(G) Provisions Not Applicable after CorM!!rs:lDn.
<br />After COlM!rsion of this loan, sections 2 (except for de rirst two senterees), 3, 4 (ellI:ept
<br />for (A)), 5, 7, and the last two sentences of section 8 shall not apply.
<br />
<br />7. NOTtCE OF GLA.NGES
<br />'lh: r-i:it-e Holder w~l iiiiil or deliver to 1m a notice of any c.1o..a...~ in tli! F-ull ~}-o&!y ~
<br />and my =hly pa;yments at least 30 days before the effective date of any cha:oge. The notice will
<br />irclude infotmadon required by law to be given me and also the title and t:eleprone nmiler ofa
<br />penI01l wffiwill answer any question I may l'ave ~ the notice."
<br />
<br />B. CHARGES; LIENS
<br />
<br />Uniform Co<Ieoant 4 of the Security Instrulllertt is SIJII!IXled to read as fo1.1aws:
<br />
<br />4. Ovu:ges; Uens. Borttlfol\lr shall pay aU ~, Br""""I!!!!mtS. an:! ct.lJer ~. f'..:c=; am
<br />1DqlositiotlS ar;t:ributabie to tr'e Property wr.icl'! !!!!!y atr;!;t,' ~ ,'!"iority OIl/>r this SecUl:ityIIlst:tul!l!ut,
<br />and leaseb:lld payIIIlIltS or ground rem:s, 1f an,-, in,; ,~!ller r ,wlded underperagl:Sph 2 lmeof''Ot'.
<br />if not paid in such 1lBl1D&, by Bon:u.>c:' ~ p6lJ.;;..::.1t. ~ due, directly to the pl3'ee'tl$mf'
<br />llorrower shall ~y furnish to lender all notices of alIIlUI:ItB due under this ~. ani J.n the
<br />~ Boi:'rower shall make pe:j'IIe!It directly, Boi:'ro;rer shall prallptly furnish toLelll:ler~
<br />evidencing such paymeIltS. llorrower shall prallptly d:1sd:arge any lien Wich, !'as pr.lDr:I.tyOl8U'tb:i.$
<br />Security Instrment; provided, that Borrower slBll not be required to ~ any sudd.1lll1flO~
<br />as ~r: (a) shall agree in wri~ to the payIIIIl!I1l: of the oblif,at1on aei::uz:ed by such 1ienln a
<br />llIIIlIlIer a<:ceptable to Lemer; (b) slBll in goal. faith COllteSt such lien by, or defeui3@jl!l.iJisa:
<br />enfora!lJleDt of such lien in. le8al proc:eed:iDgs Wich in the opinion of Lender opemt:e to pl!e\'etIl; tba
<br />enfO'CCElllf!\'lt of tre lien or forfeiture of the Property or any part thereof; or (el ,sball.Ilel:Ute>~
<br />the lDlder of such lien an agreement: in a fom satisfactory to Lealer sul:lordl.nating sudl lien to, tb:i8
<br />Security InstrullerL.
<br />
<br />If Lemer determines that all or any part of the Property is subject to a lien which. mayatta:ln a
<br />priority OWl' this Securlt'j Instr.-nt, Lender shall send Borrower notice ~.sucbllen.
<br />llot'rQollllr slBll satisfy such lien or Uite one or llDte of the actioI8 set forth ~ within ten days
<br />of t1'e giving of n~ice.
<br />
<br />G. NOTICE
<br />
<br />Unifom c.c-n.x 14 of the Security Itl8~ is aaen.ied to read as foll.aws:
<br />
<br />14. Noti<:e. ~ for any notice required UI'lder applicable 1aIf to be given in another _1'. (a)
<br />any notice to Barro.ier prc:M.ded for in this Security Ins~ sball be giwnbydeli.VI!ting it OJ: hy
<br />IIBi.l.ing it by fin;t cla88 ma.U addressed to Borrower at the Property Addrese. or at sucb othu' lIlldreu
<br />as h-r-a=r u=i desi&ua~ by nctice to f.emer _ provided herein,. aid (b) t:D!f ~!~- m- T~-_~~
<br />be gi\'ell by first .'1_ mil to Lender's address stated Imein or to sucb other addrEs as~lllii1
<br />designate by notice to Borrower as provided herein. Air! notice provi.cle4for in t1l1L Security.
<br />In6tr..-x: s.'all be deeaed to l1lMi> teen given to llorrower or Lender ..tlen given in the- ~
<br />designated herem.
<br />
<br />
<br />D. UNIFOR..'i DEED OF TRUST; GOVERNING LAW; SEVERABILITY
<br />
<br />Unifotlll COI1enant. 15 of the Security Ins~ is aDIi!flded to read as foll.aws:
<br />
<br />15. UnifOt1l\ Deed of Trust; ~ Law; S-rabillty. This rom of Security ItlStnIlIilnt <:aIIbillu
<br />~0t1I\ CCNenIII'4:S use and l'llXl"Wif0tlll ~tllIIIts with llmited var:I.atiDns by jur1sdiction to ClDIt:l.l1lte
<br />a unifOl:1ll security it1llttwellt COYering real property. This Security Itl8~ sball be govecII!Ii by
<br />federal law ani law of the jurisdiction in which the Property is located. In the eveQl; that arry
<br />provision or ~ of the Sec.ur1ty InstNllent or the Note conflicts ,,1,th appli<:able law, suc:h
<br />coofllct sllill not affect ather prorlsions or t.'d6 Security Insl:XUllmt or t1'e Note wtdch can be given
<br />affect wtthrot tllll confliC"..1ng provision, and to this em till! provisions of this Security Il1IltrlJllent
<br />ani the Note sre declared to te severable.
<br />
<br />E. 1'P~ OF TIE P!U'EF.!Y; (]I, A lEI€FIGIAI.. r.~ U4 BJ.Ul)W;;R.
<br />
<br />Unifo,m Couenam; 17 of the Security Instrument is aIIIDied to read as foll.aws:
<br />
<br />17. TratBfer of the Property or a Beneficial Interest in Borrower. if aU or any part of the
<br />Prq:erty or an ~1'e6t therein is sold o,r tramfernd (or if a beneficial interest in 1lo1't"Cl>'er is
<br />sold or trans.ferred and Borrower is not a natural pmlOn) witl'o.lt lender's prior written cunsent,
<br />Letxier 1IlIIY, at Lenier's option, declare all the S<IlIIi secured by this Security Instruramt to be
<br />ilIIlediately <hJ,e &>> payable. However, this option shall not be ~rc1sed by Lender if elll!1'clseis
<br />not aJthorized by Federal Law.
<br />
<br />If Lenler ;;;arcl_ suc:h opt;loo to accelerate. Lenier slBll ma.U l\o:t"ro.ler notice of acoe.leration in
<br />~ with paragraph 14 t.nlof. Such notk:e shall provide a period of not 1_ than 30 da)'ll
<br />fnD the date thee notiu is lllIl1led within wtW:h Bon-owec IDilY pIIY tre ~ declared due. If Iion-owec
<br />falls t.o pq IlUCh llO.IIlIIl prior to the expiration of sud1 I"rfDd, Lender IDilY, Ilithout .further noticxe or
<br />~ 00 Ilol:'t'tlWl&. IIM:llt.e ,illY ~11S penal. tted by lW'agraph 18 hereof.
<br />
<br />NouI:i~ a llIile or tlUlllllfer, Borr,.....r will cDntii:llJfO to be obligated lIl)Ljer the Note 31'd this
<br />~ty lr.~ tnless I.m:ler hIw rele-.d Borrwou in writing,
<br />
<br />T~C-OZ4 (q-c) (Page 2)
<br />Rev 2/84 (CAP 2)
<br />
|