NCG551498_owner (name change)_20230928

SATC
ROY COOPER _
Governor
ELIZABETH S. BISERa �
Secretary
RICHARD E. ROGERS, JR. NORTH CAROLINA
Director Environmental Quality
NPDES Certificate of Coverage (CoC)
NCG550000 "1A1"r_=Lj1r1 I- - ­— ---' - M
I. Please enter the CoC number for which the change is requested.
Certificate of Coverage
N I C G 5 5 1 4 9 8
II. Please provide the following for the requested change (revised CoC).
a. Request for change is a result of.
® Change in ownership of the residence/property
❑ Name change of the facility or owner
If other please explain:
b. CoC will be issued to (person's name
or company name, if applicable):
c. Owner: person legally responsible for
CoC:
Michal D Bland
First MI Last
Title
1317 Torredge Road
Permit Holder Mailing Address
Durham NC 27712
city State Zip
(919 ) 810-5033 [e-mail]
Phone E-mail Address
d. Facility name (if applicable):
e. Facility address:
1409 Torredge Road
Address
Durham NC 27712
City State Zip
f. Facility contact person:
[if different from Owner]
First MI Last
Phone E-mail Address
III. Contact person (if different from the person legally responsible for the CoC)
First MI Last
Title
Mailing Address
City State Zip
Phone E-mail Address
D � ��� North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617
NOHIH CAHOLINh 919.707.9000
O.""M of Em1;; al Owl

Page 2 of 2
IV
Will this permitted facility continue to discharge the same volume and type of wastewater as
prior to this ownership or name change?
X❑ Yes
❑ No (please explain)
V. Required Items: THIS APPLICATION WILL BE RETURNED UNPROCESSED IF ITEMS
ARE INCOMPLETE OR MISSING:
® This completed application is required for both facility -name change and/or facility ownership
change requests.
® Legal documentation of the transfer of ownership (such as a property deed, relevant pages of a
contract, or a bill of sale) is required for an ownership change request.
The certifications below must be completed and signed by the new applicant in the case of an ownership
change request.
APPLICANT CERTIFICATION
I'M.Blandattest that this application for a name/ownership change has been reviewed and is accurate and
complete to the best of my knowledge. I understand that if all required parts of this application are not
completed and that if all required supporting information is not included, this application package will be
returned as incomplete.
Signature
27 September 2023
Date
PLEASE SEND THE COMPLETE APPLICATION PACKAGE TO:
Mr. Charles H. Weaver
NC DEQ / DWR / NPDES
1617 Mail Service Center
Raleigh, NC 27699-1617
[e-mail]

Register of Deeds
Sharon A. Davis
Durham County, NC
11/23/2022 01:08:58PM
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DT - DEED OF TRUST
Fee: $64.00
INSTRUMENT #2022044705
Sharon Marsh
Submitted electronically by Ronald J Antonelli, Esg in compliance with North Carolina statutes uovernine recordable documents
and the terms of the submitter aureement with the Durham Countv Register of Deeds.
This Instrument Prepared By:
AMY BALTHIS
After Recording Return To:
STATE EMPLOYEES' CREDIT UNION
PO DRAWER 25279
RALEIGH, NORTH CAROLINA 27611
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined under the caption
TRANSFER OF RIGHTS IN THE PROPERTY and in Sections 3, 4, 10, 11, 12, 16, 19, 24, and 25. Certain rules
regarding the usage of words used in this document are also provided in Section 17.
Parties
(A) "Borrower" is Michal Dawn Bland a single person
currently residing at 1317 TORREDGE RD, DURHAM, NORTH CAROLINA 27712
Borrower is the trustor under this Security Instrument.
(B) "Lender"is STATE EMPLOYEES' CREDIT UNION
Lender is a CORPORATION organized and existing under the laws of
NORTH CAROLINA Lender's address is PO DRAWER 25279, RALEIGH,
NORTH CAROLINA 27611-5279
Borrower Initials:]
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �',, DocMagic
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Lender is the beneficiary under this Security Instrument. The term "Lender" includes any successors and assigns of
Lender.
(C) "Trustee" is J ERRY M . HA RM ON
Trustee's address is PO DRAWER 25279, RALEIGH, NORTH CAROLINA 2761 1-5279
The term "Trustee" includes any substitute/successor Trustee.
Documents
(D) "Note" means the promissory note dated November 23, 2022 , and signed by each Borrower
who is legally obligated for the debt under that promissory note, that is in either (i) paper form, using Borrower's
written pen and ink signature, or (ii) electronic form, using Borrower's adopted Electronic Signature in accordance
with the UETA or E-SIGN, as applicable. The Note evidences the legal obligation of each Borrower who signed the
Note to pay Lender TWO HUNDRED FIFTEEN THOUSAND AND 00/100
Dollars (U.S. $ 215,000.00 ) plus interest.
Each Borrower who signed the Note has promised to pay this debt in regular monthly payments and to pay the debt
in full not later than December 1, 2052
(E) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such Riders are
incorporated into and deemed to be a part of this Security Instrument. The following Riders are to be signed by
Borrower [check box as applicable]:
® Adjustable Rate Rider ❑ Condominium Rider
1-4 Family Rider Planned Unit Development Rider
DI Second Home Rider Other(s) [specify]:
(F) "Security Instrument" means this document, which is dated November 23, 2022 , together
with all Riders to this document.
Additional Definitions
(G) "Applicable Law" means all controlling applicable federal, state, and local statutes, regulations, ordinances,
and administrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable judicial
opinions.
(II) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments, and other charges
that are imposed on Borrower or the Property by a condominium association, homeowners association, or similar
organization.
(1) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this Security
Instrument on the date it is due; (ii) a breach of any representation, warranty, covenant, obligation, or agreement in
this Security Instrument; (iii) any materially false, misleading, or inaccurate information or statement to Lender
provided by Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or
Borrower Initials: 5
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consent, or failure to provide Lender with material information in connection with the Loan, as described in Section
8; or (iv) any action or proceeding described in Section 12(e).
(.n "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or
magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by
telephone or other electronic device capable of communicating with such financial institution, wire transfers, and
automated clearinghouse transfers.
(I) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E-SIGN, as applicable.
(L) "E-SIGN" means the Electronic Signatures in Global and National Commerce Act (15 U. S. C. § 7001 et seq. ),
as it may be amended from time to time, or any applicable additional or successor legislation that governs the same
subject matter.
(M) "Escrow Items" means: (i) taxes and assessments and other items that can attain priority over this Security
Instrument as a lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any;
(iii) premiums for any and all insurance required by Lender under Section 5; (iv) Mortgage Insurance premiums, if
any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
accordance with the provisions of Section 11; and (v) Community Association Dues, Fees, and Assessments if Lender
requires that they be escrowed beginning at Loan closing or at any time during the Loan term.
(N) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, costs,
expenses, and late charges due under the Note, and all sums due under this Security Instrument, plus interest.
(0) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Payments and
any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include
a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.
(P) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
(Q) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or Default on, the Loan.
(R) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted under the
Note, which is less than a full outstanding Periodic Payment.
(S) 'Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
plus (ii) any amounts under Section 3.
(T) 'Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE
PROPERTY. "
(I) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy
of the Property by a party other than Borrower.
(V) "RESPA" means the Real Estate Settlement Procedures Act (12 U. S. C. § 2601 et seq.) and its implementing
regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or any additional or
successor federal legislation or regulation that governs the same subject matter. When used in this Security Instrument,
"RESPA" refers to all requirements and restrictions that would apply to a "federally related mortgage loan" even if
the Loan does not qualify as a "federally related mortgage loan" under RESPA.
(W) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
party has assumed Borrower's obligations under the Note and/or this Security Instrument.
(X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property
is located, as it may be amended from time to time, or any applicable additional or successor legislation that governs
the same subject matter.
Borrower Initials`f%j
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TRANSFER OF RIGHTS IN THE PROPERTY
This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, and
modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security
Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
of sale, the following described property located in the
COUNTY of Durham
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
SEE EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF.
37,462 sf; Db 6535 Pg 953, Durham County Registry
which currently has the address of 1409 TORREDGE RD
[Street]
DURHAM North Carolina 27712 ("Property Address");
[City] [Zip Code]
TO HAVE AND TO HOLD this property unto Trustee, forever, together with all the improvements now or
subsequently erected on the property, including replacements and additions to the improvements on such property,
all property rights, including, without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas
rights or profits, water rights, and fixtures now or subsequently apart of the property. All of the foregoing is referred
to in this Security Instrument as the "Property."
BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns
and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and
occupy the Property under a leasehold estate; (ii) Borrower has the right to grant and convey the Property or
Borrower's leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other
ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants
generally the title to the Property and covenants and agrees to defend the title to the Property against all claims and
demands, subject to any encumbrances and ownership interests of record as of Loan closing.
THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and
non -uniform covenants that reflect specific North Carolina state requirements to constitute a uniform security
instrument covering real property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower will
pay each Periodic Payment when due. Borrower will also pay any prepayment charges, and late charges due under
the Note, unless prohibited by Applicable Law, and any other amounts due under this Security Instrument. Payments
due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument
received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may
Borrower Initials:ft6
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require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more
of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's
check, or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a U. S.
federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer.
Payments are deemed received by Lender when received at the location designated in the Note or at such other
location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept
or return any Partial Payments in its sole discretion pursuant to Section 2.
Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from
making the full amount of all payments due under the Note and this Security Instrument or performing the covenants
and agreements secured by this Security Instrument.
2. Acceptance and Application of Payments or Proceeds.
(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense
Partial Payments in its sole discretion in accordance with this Section 2. Lender is not obligated to accept any Partial
Payments or to apply any Partial Payments at the time such payments are accepted, and also is not obligated to pay
interest on such unapplied funds. Lender may hold such unapplied funds until Borrower makes payment sufficient to
cover a full Periodic Payment, at which time the amount of the full Periodic Payment will be applied to the Loan.
If Borrower does not make such a payment within a reasonable period of time, Lender will either apply such funds
in accordance with this Section 2 or return them to Borrower. If not applied earlier, Partial Payments will be credited
against the total amount due under the Loan in calculating the amount due in connection with any foreclosure
proceeding, payoff request, loan modification, or reinstatement. Lender may accept any payment insufficient to bring
the Loan current without waiver of any rights under this Security Instrument or prejudice to its rights to refuse such
payments in the future.
(b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise described in this
Section 2, if Lender applies a payment, such payment will be applied to each Periodic Payment in the order in which
it became due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to
principal due under the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in
full, any payment amounts remaining may be applied to late charges and to any amounts then due under this Security
Instrument. If all sums then due under the Note and this Security Instrument are paid in full, any remaining payment
amount may be applied, in Lender's sole discretion, to a future Periodic Payment or to reduce the principal balance
of the Note.
If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount
of any late charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and
the late charge.
When applying payments, Lender will apply such payments in accordance with Applicable Law.
(c) Voluntary Prepayments. Voluntary prepayments will be applied as described in the Note.
(d) No Change to Payment Schedule. Any application of payments, insurance proceeds, or Miscellaneous
Proceeds to principal due under the Note will not extend or postpone the due date, or change the amount, of the
Periodic Payments.
3. Funds for Escrow Items.
(a) Escrow Requirement; Escrow Items. Borrower must pay to Lender on the day Periodic Payments are due
under the Note, until the Note is paid in full, a sum of money to provide for payment of amounts due for all Escrow
Items (the "Funds"). The amount of the Funds required to be paid each month may change during the term of the
Loan. Borrower must promptly furnish to Lender all notices or invoices of amounts to be paid under this Section 3.
(b) Payment of Funds; Waiver. Borrower must pay Lender the Funds for Escrow Items unless Lender waives
this obligation in writing. Lender may waive this obligation for any Escrow Item at any time. In the event of such
waiver, Borrower must pay directly, when and where payable, the amounts due for any Escrow Items subject to the
waiver. If Lender has waived the requirement to pay Lender the Funds for any or all Escrow Items, Lender may
Borrower Initials: Da
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require Borrower to provide proof of direct payment of those items within such time period as Lender may require.
Borrower's obligation to make such timely payments and to provide proof of payment is deemed to be a covenant and
agreement of Borrower under this Security Instrument. If Borrower is obligated to pay Escrow Items directly pursuant
to a waiver, and Borrower fails to pay timely the amount due for an Escrow Item, Lender may exercise its rights under
Section 9 to pay such amount and Borrower will be obligated to repay to Lender any such amount in accordance with
Section 9.
Lender may withdraw the waiver as to any or all Escrow Items at any time by giving a notice in accordance with
Section 16; upon such withdrawal, Borrower must pay to Lender all Funds for such Escrow Items, and in such
amounts, that are then required under this Section 3.
(c) Amount of Funds; Application of Funds. Lender may, at any time, collect and hold Funds in an amount
up to, but not in excess of, the maximum amount a lender can require under RESPA. Lender will estimate the amount
of Funds due in accordance with Applicable Law.
The Funds will be held in an institution whose deposits are insured by a U.S. federal agency, instrumentality,
or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
Bank. Lender will apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
may not charge Borrower for: (i) holding and applying the Funds; (ii) annually analyzing the escrow account; or (iii)
verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender
to make such a charge. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid
on the Funds, Lender will not be required to pay Borrower any interest or earnings on the Funds. Lender will give
to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
(d) Surplus; Shortage and Deficiency of Funds. In accordance with RESPA, if there is a surplus of Funds
held in escrow, Lender will account to Borrower for such surplus. If Borrower's Periodic Payment is delinquent by
more than 30 days, Lender may retain the surplus in the escrow account for the payment of the Escrow Items. If there
is a shortage or deficiency of Funds held in escrow, Lender will notify Borrower and Borrower will pay to Lender
the amount necessary to make up the shortage or deficiency in accordance with RESPA.
Upon payment in full of all sums secured by this Security Instrument, Lender will promptly refund to Borrower
any Funds held by Lender.
4. Charges; Liens. Borrower must pay (a) all taxes, assessments, charges, fines, and impositions attributable
to the Property which have priority or may attain priority over this Security Instrument, (b) leasehold payments or
ground rents on the Property, if any, and (c) Community Association Dues, Fees, and Assessments, if any. If any
of these items are Escrow Items, Borrower will pay them in the manner provided in Section 3.
Borrower must promptly discharge any lien that has priority or may attain priority over this Security Instrument
unless Borrower: (aa) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
to Lender, but only so long as Borrower is performing under such agreement; (bb) contests the lien in good faith by,
or defends against enforcement of the lien in, legal proceedings which Lender determines, in its sole discretion,
operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings
are concluded; or (cc) secures from the holder of the lien an agreement satisfactory to Lender that subordinates the
lien to this Security Instrument (collectively, the "Required Actions"). If Lender determines that any part of the
Property is subject to a lien that has priority or may attain priority over this Security Instrument and Borrower has
not taken any of the Required Actions in regard to such lien, Lender may give Borrower a notice identifying the lien.
Within 10 days after the date on which that notice is given, Borrower must satisfy the lien or take one or more of the
Required Actions.
5. Property Insurance.
(a) Insurance Requirement; Coverages. Borrower must keep the improvements now existing or subsequently
erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any
other hazards including, but not limited to, earthquakes, winds, and floods, for which Lender requires insurance.
Borrower must maintain the types of insurance Lender requires in the amounts (including deductible levels) and for
Borrower Initials:RQJI�
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the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term
of the Loan, and may exceed any minimum coverage required by Applicable Law. Borrower may choose the insurance
carrier providing the insurance, subject to Lender's right to disapprove Borrower's choice, which right will not be
exercised unreasonably.
(b) Failure to Maintain Insurance. If Lender has a reasonable basis to believe that Borrower has failed to
maintain any of the required insurance coverages described above, Lender may obtain insurance coverage, at Lender's
option and at Borrower's expense. Unless required by Applicable Law, Lender is under no obligation to advance
premiums for, or to seek to reinstate, any prior lapsed coverage obtained by Borrower. Lender is under no obligation
to purchase any particular type or amount of coverage and may select the provider of such insurance in its sole
discretion. Before purchasing such coverage, Lender will notify Borrower if required to do so under Applicable Law.
Any such coverage will insure Lender, but might not protect Borrower, Borrower's equity in the Property, or the
contents of the Property, against any risk, hazard, or liability and might provide greater or lesser coverage than was
previously in effect, but not exceeding the coverage required under Section 5(a). Borrower acknowledges that the cost
of the insurance coverage so obtained may significantly exceed the cost of insurance that Borrower could have
obtained. Any amounts disbursed by Lender for costs associated with reinstating Borrower's insurance policy or with
placing new insurance under this Section 5 will become additional debt of Borrower secured by this Security
Instrument. These amounts will bear interest at the Note rate from the date of disbursement and will be payable, with
such interest, upon notice from Lender to Borrower requesting payment.
(c) Insurance Policies. All insurance policies required by Lender and renewals of such policies: (i) will be
subject to Lender's right to disapprove such policies; (ii) must include a standard mortgage clause; and (iii) must name
Lender as mortgagee and/or as an additional loss payee. Lender will have the right to hold the policies and renewal
certificates. If Lender requires, Borrower will promptly give to Lender proof of paid premiums and renewal notices.
If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction
of, the Property, such policy must include a standard mortgage clause and must name Lender as mortgagee and/or
as an additional loss payee.
(d) Proof of Loss; Application of Proceeds. In the event of loss, Borrower must give prompt notice to the
insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Any insurance
proceeds, whether or not the underlying insurance was required by Lender, will be applied to restoration or repair
of the Property, if Lender deems the restoration or repair to be economically feasible and determines that Lender's
security will not be lessened by such restoration or repair.
If the Property is to be repaired or restored, Lender will disburse from the insurance proceeds any initial amounts
that are necessary to begin the repair or restoration, subject to any restrictions applicable to Lender. During the
subsequent repair and restoration period, Lender will have the right to hold such insurance proceeds until Lender has
had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction (which
may include satisfying Lender's minimum eligibility requirements for persons repairing the Property, including, but
not limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken
promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair
agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to
Borrower, to the person repairing or restoring the Property, or payable jointly to both. Lender will not be required
to pay Borrower any interest or earnings on such insurance proceeds unless Lender and Borrower agree in writing or
Applicable Law requires otherwise. Fees for public adjusters, or other third parties, retained by Borrower will not
be paid out of the insurance proceeds and will be the sole obligation of Borrower.
If Lender deems the restoration or repair not to be economically feasible or Lender's security would be lessened
by such restoration or repair, the insurance proceeds will be applied to the sums secured by this Security Instrument,
whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds will be applied in the
order that Partial Payments are applied in Section 2(b).
Borrower Initials'(nbdl�,—
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(e) Insurance Settlements; Assignment of Proceeds. If Borrower abandons the Property, Lender may file,
negotiate, and settle any available insurance claim and related matters. If Borrower does not respond within 30 days
to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle
the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property
under Section 26 or otherwise, Borrower is unconditionally assigning to Lender (i) Borrower's rights to any insurance
proceeds in an amount not to exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any
other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
insurance policies covering the Property, to the extent that such rights are applicable to the coverage of the Property.
If Lender files, negotiates, or settles a claim, Borrower agrees that any insurance proceeds may be made payable
directly to Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance
proceeds either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under the Note
or this Security Instrument, whether or not then due.
6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower's principal residence within
60 days after the execution of this Security Instrument and must continue to occupy the Property as Borrower's
principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which
consent will not be unreasonably withheld, or unless extenuating circumstances exist that are beyond Borrower's
control.
7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will not destroy,
damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not
Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from
deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair
or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further
deterioration or damage.
If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the
Property, Borrower will be responsible for repairing or restoring the Property only if Lender has released proceeds
for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair
agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to
Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or
condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains obligated to complete
such repair or restoration.
Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause,
Lender may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time
of or prior to such an interior inspection specifying such reasonable cause.
8. Borrower's Loan Application. Borrower will be in Default if, during the Loan application process,
Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent gave
materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with
material information) in connection with the Loan, including, but not limited to, overstating Borrower's income or
assets, understating or failing to provide documentation of Borrower's debt obligations and liabilities, and
misrepresenting Borrower's occupancy or intended occupancy of the Property as Borrower's principal residence.
9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and agreements contained
in this Security Instrument; (ii) there is a legal proceeding or government order that might significantly affect Lender's
interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for
condemnation or forfeiture, for enforcement of a lien that has priority or may attain priority over this Security
Instrument, or to enforce laws or regulations); or (iii) Lender reasonably believes that Borrower has abandoned the
Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
Borrower Initials: A -
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Property and/or rights under this Security Instrument, including protecting and/or assessing the value of the Property,
and securing and/or repairing the Property. Lender's actions may include, but are not limited to: (I) paying any sums
secured by a lien that has priority or may attain priority over this Security Instrument; (II) appearing in court; and
(III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection and valuation fees; and (C) other fees
incurred for the purpose of protecting Lender's interest in the Property and/or rights under this Security Instrument,
including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,
exterior and interior inspections of the Property, entering the Property to make repairs, changing locks, replacing or
boarding up doors and windows, draining water from pipes, eliminating building or other code violations or
dangerous conditions, and having utilities turned on or off. Although Lender may take action under this Section 9,
Lender is not required to do so and is not under any duty or obligation to do so. Lender will not be liable for not
taking any or all actions authorized under this Section 9.
(b) Avoiding Foreclosure; Mitigating Losses. If Borrower is in Default, Lender may work with Borrower to
avoid foreclosure and/or mitigate Lender's potential losses, but is not obligated to do so unless required by Applicable
Law. Lender may take reasonable actions to evaluate Borrower for available alternatives to foreclosure, including,
but not limited to, obtaining credit reports, title reports, title insurance, property valuations, subordination
agreements, and third -party approvals. Borrower authorizes and consents to these actions. Any costs associated with
such loss mitigation activities may be paid by Lender and recovered from Borrower as described below in Section 9(c),
unless prohibited by Applicable Law.
(c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will become
additional debt of Borrower secured by this Security Instrument. These amounts may bear interest at the Note rate
from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower
requesting payment.
(d) Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the
provisions of the lease. Borrower will not surrender the leasehold estate and interests conveyed, or terminate or cancel
the ground lease. Borrower will not, without the express written consent of Lender, alter or amend the ground lease.
If Borrower acquires fee title to the Property, the leasehold and the fee title will not merge unless Lender agrees to
the merger in writing.
10. Assignment of Rents.
(a) Assignment of Rents. If the Property is leased to, used by, or occupied by a third party ("Tenant"),
Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of to whom the Rents are
payable. Borrower authorizes Lender to collect the Rents, and agrees that each Tenant will pay the Rents to Lender.
However, Borrower will receive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section
26, and (ii) Lender has given notice to the Tenant that the Rents are to be paid to Lender. This Section 10 constitutes
an absolute assignment and not an assignment for additional security only.
(b) Notice of Default. If Lender gives notice of Default to Borrower: (i) all Rents received by Borrower must
be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security
Instrument; (ii) Lender will be entitled to collect and receive all of the Rents; (iii) Borrower agrees to instruct each
Tenant that Tenant is to pay all Rents due and unpaid to Lender upon Lender's written demand to the Tenant; (iv)
Borrower will ensure that each Tenant pays all Rents due to Lender and will take whatever action is necessary to
collect such Rents if not paid to Lender; (v) unless Applicable Law provides otherwise, all Rents collected by Lender
will be applied first to the costs of taking control of and managing the Property and collecting the Rents, including,
but not limited to, reasonable attorneys' fees and costs, receiver's fees, premiums on receiver's bonds, repair and
maintenance costs, insurance premiums, taxes, assessments, and other charges on the Property, and then to any other
sums secured by this Security Instrument; (vi) Lender, or any judicially appointed receiver, will be liable to account
for only those Rents actually received; and (vii) Lender will be entitled to have a receiver appointed to take possession
of and manage the Property and collect the Rents and profits derived from the Property without any showing as to
the inadequacy of the Property as security.
Borrower Initials'_
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(c) Funds Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of and managing
the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of
Borrower to Lender secured by this Security Instrument pursuant to Section 9.
(d) Limitation on Collection of Rents. Borrower may not collect any of the Rents more than one month in
advance of the time when the Rents become due, except for security or similar deposits.
(e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that Borrower has
not signed any prior assignment of the Rents, will not make any further assignment of the Rents, and has not
performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security
Instrument.
(f) Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or a receiver
appointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the Property before or
after giving notice of Default to Borrower. However, Lender, or a receiver appointed under Applicable Law, may
do so at any time when Borrower is in Default, subject to Applicable Law.
(g) Additional Provisions. Any application of the Rents will not cure or waive any Default or invalidate any
other right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's obligations under Section
6.
This Section 10 will terminate when all the sums secured by this Security Instrument are paid in full.
11. Mortgage Insurance.
(a) Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender. If Lender required
Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the
Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums
for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be
available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole
discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by
Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage
Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance
previously in effect, from an alternate mortgage insurer selected by Lender.
If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender
the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect.
Lender will accept, use, and retain these payments as a non-refundable loss reserve, if permitted under Applicable
Law, in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full,
and Lender will not be required to pay Borrower any interest or earnings on such loss reserve, if permitted under
Applicable Law.
Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the
period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and
Lender requires separately designated payments toward the premiums for Mortgage Insurance.
If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make
separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums
required to maintain Mortgage Insurance in effect, if permitted under Applicable Law, or to provide a non-refundable
loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement
between Borrower and Lender providing for such termination or until termination is required by Applicable Law.
Nothing in this Section 11 affects Borrower's obligation to pay interest at the Note rate.
(b) Mortgage Insurance Agreements. Mortgage Insurance reimburses Lender for certain losses Lender may
incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance policy or
coverage.
Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
agreements with other parties that share or modify their risk, or reduce losses. These agreements may require the
Borrower Initials: _ bk�
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mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which
may include funds obtained from Mortgage Insurance premiums).
As a result of these agreements, Lender, another insurer, any reinsurer, any other entity, or any affiliate of any
of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion
of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk,
or reducing losses. Any such agreements will not: (i) affect the amounts that Borrower has agreed to pay for Mortgage
Insurance, or any other terms of the Loan; (ii) increase the amount Borrower will owe for Mortgage Insurance; (iii)
entitle Borrower to any refund; or (iv) affect the rights Borrower has, if any, with respect to the Mortgage Insurance
under the Homeowners Protection Act of 1998 (12 U. S. C. § 4901 et seq.), as it may be amended from time to time,
or any additional or successor federal legislation or regulation that governs the same subject matter ("HPA"). These
rights under the HPA may include the right to receive certain disclosures, to request and obtain cancellation of the
Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any
Mortgage Insurance premiums that were unearned at the time of such cancellation or termination.
12. Assignment and Application of Miscellaneous Proceeds; Forfeiture.
(a) Assignment of Miscellaneous Proceeds. Borrower is unconditionally assigning the right to receive all
Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender.
(b) Application of Miscellaneous Proceeds upon Damage to Property. If the Property is damaged, any
Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender deems the restoration or
repair to be economically feasible and Lender's security will not be lessened by such restoration or repair. During such
repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds until Lender has had
an opportunity to inspect the Property to ensure the work has been completed to Lender's satisfaction (which may
include satisfying Lender's minimum eligibility requirements for persons repairing the Property, including, but not
limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken promptly.
Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work
is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether
Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person
repairing or restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or
Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay
Borrower any interest or earnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair not to
be economically feasible or Lender's security would be lessened by such restoration or repair, the Miscellaneous
Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess,
if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied
in Section 2(b).
(c) Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value of the
Property. In the event of a total taking, destruction, or loss in value of the Property, all of the Miscellaneous
Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess,
if any, paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property (each, a "Partial Devaluation")
where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the
amount of the sums secured by this Security Instrument immediately before the Partial Devaluation, a percentage of
the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and
Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined
by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total
amount of the sums secured immediately before the Partial Devaluation, and dividing it by (ii) the fair market value
of the Property immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid
to Borrower.
Borrower initials:
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In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial
Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the
Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are
then due, unless Borrower and Lender otherwise agree in writing.
(d) Settlement of Claims. Lender is authorized to collect and apply the Miscellaneous Proceeds either to the
sums secured by this Security Instrument, whether or not then due, or to restoration or repair of the Property, if
Borrower (i) abandons the Property, or (ii) fails to respond to Lender within 30 days after the date Lender notifies
Borrower that the Opposing Party (as defined in the next sentence) offers to settle a claim for damages. "Opposing
Party" means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom Borrower has
a right of action in regard to the Miscellaneous Proceeds.
(e) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default if any action or
proceeding begins, whether civil or criminal, that, in Lender's judgment, could result in forfeiture of the Property
or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower
can cure such a Default and, if acceleration has occurred, reinstate as provided in Section 20, by causing the action
or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other
material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower is
unconditionally assigning to Lender the proceeds of any award or claim for damages that are attributable to the
impairment of Lender's interest in the Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds
that are not applied to restoration or repair of the Property will be applied in the order that Partial Payments are
applied in Section 2(b).
13. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any Successor in Interest
of Borrower will not be released from liability under this Security Instrument if Lender extends the time for payment
or modifies the amortization of the sums secured by this Security Instrument. Lender will not be required to
commence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or
otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by
the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right
or remedy including, without limitation, Lender's acceptance of payments from third persons, entities, or Successors
in Interest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise
of, any right or remedy by Lender.
14. Joint and Several Liability; Signatories; Successors and Assigns Bound. Borrower's obligations and
liability under this Security Instrument will be joint and several. However, any Borrower who signs this Security
Instrument but does not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such
Borrower's interest in the Property under the terms of this Security Instrument; (b) signs this Security Instrument to
waive any applicable inchoate rights such as dower and curtesy and any available homestead exemptions; (c) signs
this Security Instrument to assign any Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender;
(d) is not personally obligated to pay the sums due under the Note or this Security Instrument; and (e) agrees that
Lender and any other Borrower can agree to extend, modify, forbear, or make any accommodations with regard to
the terms of the Note or this Security Instrument without such Borrower's consent and without affecting such
Borrower's obligations under this Security Instrument.
Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes Borrower's
obligations under this Security Instrument in writing, and is approved by Lender, will obtain all of Borrower's rights,
obligations, and benefits under this Security Instrument. Borrower will not be released from Borrower's obligations
and liability under this Security Instrument unless Lender agrees to such release in writing.
15. Loan Charges.
(a) Tax and Flood Determination Fees. Lender may require Borrower to pay (i) a one-time charge for a real
estate tax verification and/or reporting service used by Lender in connection with this Loan, and (ii) either (A) a
one-time charge for flood zone determination, certification, and tracking services, or (B) a one-time charge for flood
Borrower Initials:`
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zone determination and certification services and subsequent charges each time remappings or similar changes occur
that reasonably might affect such determination or certification. Borrower will also be responsible for the payment
of any fees imposed by the Federal Emergency Management Agency, or any successor agency, at any time during the
Loan term, in connection with any flood zone determinations.
(b) Default Charges. If permitted under Applicable Law, Lender may charge Borrower fees for services
performed in connection with Borrower's Default to protect Lender's interest in the Property and rights under this
Security Instrument, including: (i) reasonable attorneys' fees and costs; (ii) property inspection, valuation, mediation,
and loss mitigation fees; and (iii) other related fees.
(c) Permissibility of Fees. In regard to any other fees, the absence of express authority in this Security
Instrument to charge a specific fee to Borrower should not be construed as a prohibition on the charging of such fee.
Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law.
(d) Savings Clause. If Applicable Law sets maximum loan charges, and that law is finally interpreted so that
the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits,
then (i) any such loan charge will be reduced by the amount necessary to reduce the charge to the permitted limit, and
(ii) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender
may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to
Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment
charge (whether or not a prepayment charge is provided for under the Note). To the extent permitted by Applicable
Law, Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any
right of action Borrower might have arising out of such overcharge.
16. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this
Security Instrument must be in writing.
(a) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to Borrower
in connection with this Security Instrument will be deemed to have been given to Borrower when (i) mailed by first
class mail, or (ii) actually delivered to Borrower's Notice Address (as defined in Section 16(c) below) if sent by means
other than first class mail or Electronic Communication (as defined in Section 16(b) below). Notice to any one
Borrower will constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. If any notice
to Borrower required by this Security Instrument is also required under Applicable Law, the Applicable Law
requirement will satisfy the corresponding requirement under this Security Instrument.
(b) Electronic Notice to Borrower. Unless another delivery method is required by Applicable Law, Lender
may provide notice to Borrower by e-mail or other electronic communication ("Electronic Communication") if: (i)
agreed to by Lender and Borrower in writing; (ii) Borrower has provided Lender with Borrower's e-mail or other
electronic address ("Electronic Address"); (iii) Lender provides Borrower with the option to receive notices by first
class mail or by other non -Electronic Communication instead of by Electronic Communication; and (iv) Lender
otherwise complies with Applicable Law. Any notice to Borrower sent by Electronic Communication in connection
with this Security Instrument will be deemed to have been given to Borrower when sent unless Lender becomes aware
that such notice is not delivered. If Lender becomes aware that any notice sent by Electronic Communication is not
delivered, Lender will resend such communication to Borrower by first class mail or by other non -Electronic
Communication. Borrower may withdraw the agreement to receive Electronic Communications from Lender at any
time by providing written notice to Lender of Borrower's withdrawal of such agreement.
(c) Borrower's Notice Address. The address to which Lender will send Borrower notice ("Notice Address")
will be the Property Address unless Borrower has designated a different address by written notice to Lender. If Lender
and Borrower have agreed that notice may be given by Electronic Communication, then Borrower may designate an
Electronic Address as Notice Address. Borrower will promptly notify Lender of Borrower's change of Notice
Address, including any changes to Borrower's Electronic Address if designated as Notice Address. If Lender specifies
a procedure for reporting Borrower's change of Notice Address, then Borrower will report a change of Notice Address
only through that specified procedure.
Borrower Initials: ''MI
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(d) Notices to Lender. Any notice to Lender will be given by delivering it or by mailing it by first class mail
to Lender's address stated in this Security Instrument unless Lender has designated another address (including an
Electronic Address) by notice to Borrower. Any notice in connection with this Security Instrument will be deemed
to have been given to Lender only when actually received by Lender at Lender's designated address (which may
include an Electronic Address). If any notice to Lender required by this Security Instrument is also required under
Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security
Instrument.
(e) Borrower's Physical Address. In addition to the designated Notice Address, Borrower will provide Lender
with the address where Borrower physically resides, if different from the Property Address, and notify Lender
whenever this address changes.
17. Governing Law; Severability; Rules of Construction. This Security Instrument is governed by federal
law and the law of the State of North Carolina. All rights and obligations contained in this Security Instrument are
subject to any requirements and limitations of Applicable Law. If any provision of this Security Instrument or the Note
conflicts with Applicable Law (i) such conflict will not affect other provisions of this Security Instrument or the Note
that can be given effect without the conflicting provision, and (ii) such conflicting provision, to the extent possible,
will be considered modified to comply with Applicable Law. Applicable Law might explicitly or implicitly allow the
parties to agree by contract or it might be silent, but such silence should not be construed as a prohibition against
agreement by contract. Any action required under this Security Instrument to be made in accordance with Applicable
Law is to be made in accordance with the Applicable Law in effect at the time the action is undertaken.
As used in this Security Instrument: (a) words in the singular will mean and include the plural and vice versa;
(b) the word "may" gives sole discretion without any obligation to take any action; (c) any reference to "Section" in
this document refers to Sections contained in this Security Instrument unless otherwise noted; and (d) the headings
and captions are inserted for convenience of reference and do not define, limit, or describe the scope or intent of this
Security Instrument or any particular Section, paragraph, or provision.
18. Borrower's Copy. One Borrower will be given one copy of the Note and of this Security Instrument.
19. Transfer of the Property or a Beneficial Interest in Borrower. For purposes of this Section 19 only,
"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those
beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, or escrow agreement,
the intent of which is the transfer of title by Borrower to a purchaser at a future date.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a
natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent,
Lender may require immediate payment in full of all sums secured by this Security Instrument. However, Lender will
not exercise this option if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender will give Borrower notice of acceleration. The notice will provide a
period of not less than 30 days from the date the notice is given in accordance with Section 16 within which Borrower
must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to, or upon, the
expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further
notice or demand on Borrower and will be entitled to collect all expenses incurred in pursuing such remedies,
including, but not limited to: (a) reasonable attorneys' fees and costs; (b) property inspection and valuation fees; and
(c) other fees incurred to protect Lender's Interest in the Property and/or rights under this Security Instrument.
20. Borrower's Right to Reinstate the Loan after Acceleration. If Borrower meets certain conditions,
Borrower will have the right to reinstate the Loan and have enforcement of this Security Instrument discontinued at
any time up to the later of (a) five days before any foreclosure sale of the Property, or (b) such other period as
Applicable Law might specify for the termination of Borrower's right to reinstate. This right to reinstate will not apply
in the case of acceleration under Section 19.
To reinstate the Loan, Borrower must satisfy all of the following conditions: (aa) pay Lender all sums that then
would be due under this Security Instrument and the Note as if no acceleration had occurred; (bb) cure any Default
Borrower Initials:
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of any other covenants or agreements under this Security Instrument or the Note; (cc) pay all expenses incurred in
enforcing this Security Instrument or the Note, including, but not limited to: (i) reasonable attorneys' fees and costs;
(ii) property inspection and valuation fees; and (iii) other fees incurred to protect Lender's interest in the Property
and/or rights under this Security Instrument or the Note; and (dd) take such action as Lender may reasonably require
to assure that Lender's interest in the Property and/or rights under this Security Instrument or the Note, and
Borrower's obligation to pay the sums secured by this Security Instrument or the Note, will continue unchanged.
Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following
forms, as selected by Lender: (aaa) cash; (bbb) money order; (ccc) certified check, bank check, treasurer's check, or
cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal
agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer. Upon Borrower's reinstatement of the Loan,
this Security Instrument and obligations secured by this Security Instrument will remain fully effective as if no
acceleration had occurred.
21. Sale of Note. The Note or a partial interest in the Note, together with this Security Instrument, may be sold
or otherwise transferred one or more times. Upon such a sale or other transfer, all of Lender's rights and obligations
under this Security Instrument will convey to Lender's successors and assigns.
22. Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan
Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer
or other authorized representative of Lender has the right and authority to take any such action.
The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may
not be the holder of the Note. The Loan Servicer has the right and authority to: (a) collect Periodic Payments and any
other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing
obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of
Lender. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state
the name and address of the new Loan Servicer, the address to which payments should be made, and any other
information RESPA requires in connection with a notice of transfer of servicing.
23. Notice of Grievance. Until Borrower or Lender has notified the other party (in accordance with Section
16) of an alleged breach and afforded the other party a reasonable period after the giving of such notice to take
corrective action, neither Borrower nor Lender may commence, join, or be joined to any judicial action (either as an
individual litigant or a member of a class) that (a) arises from the other party's actions pursuant to this Security
Instrument or the Note, or (b) alleges that the other party has breached any provision of this Security Instrument or
the Note. If Applicable Law provides a time period that must elapse before certain action can be taken, that time
period will be deemed to be reasonable for purposes of this Section 23. The notice of Default given to Borrower
pursuant to Section 26(a) and the notice of acceleration given to Borrower pursuant to Section 19 will be deemed to
satisfy the notice and opportunity to take corrective action provisions of this Section 23.
24. Hazardous Substances.
(a) Definitions. As used in this Section 24: (i) "Environmental Law" means any Applicable Laws where the
Property is located that relate to health, safety, or environmental protection; (ii) "Hazardous Substances" include (A)
those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law, and (B) the
following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
herbicides, volatile solvents, materials containing asbestos or formaldehyde, corrosive materials or agents, and
radioactive materials; (iii) "Environmental Cleanup" includes any response action, remedial action, or removal action,
as defined in Environmental Law; and (iv) an "Environmental Condition" means a condition that can cause, contribute
to, or otherwise trigger an Environmental Cleanup.
(b) Restrictions on Use of Hazardous Substances. Borrower will not cause or permit the presence, use,
disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in
the Property. Borrower will not do, nor allow anyone else to do, anything affecting the Property that: (i) violates
Environmental Law; (ii) creates an Environmental Condition; or (iii) due to the presence, use, or release of a
Borrower Initials: T
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT a„DOcMagic
Form 3034 07/2021
Page 15 of 19

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Hazardous Substance, creates a condition that adversely affects or could adversely affect the value of the Property.
The preceding two sentences will not apply to the presence, use, or storage on the Property of small quantities of
Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance
of the Property (including, but not limited to, hazardous substances in consumer products).
(c) Notices; Remedial Actions. Borrower will promptly give Lender written notice of: (i) any investigation,
claim, demand, lawsuit, or other action by any governmental or regulatory agency or private party involving the
Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge; (ii) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release, or threat of release
of any Hazardous Substance; and (iii) any condition caused by the presence, use, or release of a Hazardous Substance
that adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory
authority or any private party, that any removal or other remediation of any Hazardous Substance affecting the
Property is necessary, Borrower will promptly take all necessary remedial actions in accordance with Environmental
Law. Nothing in this Security Instrument will create any obligation on Lender for an Environmental Cleanup.
25. Electronic Note Signed with Borrower's Electronic Signature. If the Note evidencing the debt for this
Loan is electronic, Borrower acknowledges and represents to Lender that Borrower: (a) expressly consented and
intended to sign the electronic Note using an Electronic Signature adopted by Borrower ("Borrower's Electronic
Signature") instead of signing a paper Note with Borrower's written pen and ink signature; (b) did not withdraw
Borrower's express consent to sign the electronic Note using Borrower's Electronic Signature; (c) understood that by
signing the electronic Note using Borrower's Electronic Signature, Borrower promised to pay the debt evidenced by
the electronic Note in accordance with its terms; and (d) signed the electronic Note with Borrower's Electronic
Signature with the intent and understanding that by doing so, Borrower promised to pay the debt evidenced by the
electronic Note in accordance with its terms.
NON -UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
26. Acceleration; Remedies.
(a) Notice of Default. Lender will give a notice of Default to Borrower prior to acceleration following
Borrower's Default, except that such notice of Default will not be sent when Lender exercises its right under Section
19 unless Applicable Law provides otherwise. The notice will specify, in addition to any other information required
by Applicable Law: (i) the Default; (ii) the action required to cure the Default; (iii) a date, not less than 30 days (or
as otherwise specified by Applicable Law) from the date the notice is given to Borrower, by which the Default must
be cured; (iv) that failure to cure the Default on or before the date specified in the notice may result in acceleration
of the sums secured by this Security Instrument and sale of the Property; (v) Borrower's right to reinstate after
acceleration; and (vi) Borrower's right to deny in the foreclosure proceeding the existence of a Default or to assert
any other defense of Borrower to acceleration and sale.
(b) Acceleration; Power of Sale; Expenses. If the Default is not cured on or before the date specified in the
notice, Lender may require immediate payment in full of all sums secured by this Security Instrument without further
demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender will be
entitled to collect all expenses incurred in pursuing the remedies provided in this Section 26, including, but not limited
to: (i) reasonable attorneys' fees and costs; (ii) property inspection and valuation fees; and (iii) other fees incurred
to protect Lender's interest in the Property and/or rights under this Security Instrument.
(c) Notice of Sale; Sale of Property. If Lender invokes the power of sale, and if it is determined in a hearing
held in accordance with Applicable Law that Trustee can proceed to sale, Trustee will take such action regarding
notice of sale and will give such notices to Borrower and to the other required recipients. At a time permitted, in
accordance with Applicable Law, and after publication of the notice of sale, Trustee, without further demand on
Borrower, will sell the Property at public auction to the highest bidder at the time and place and under the terms
designated in the notice of sale in one or more parcels and in any order Trustee determines. Lender or its designee
may purchase the Property at any sale.
Borrower Initials:_
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT *DocMagic
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(d) Trustee's Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee's deed conveying the
Property without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed will be prima
facie evidence of the truth of the statements made in that deed. Trustee will apply the proceeds of the sale in the
following order: (i) to all expenses of the sale, including, but not limited to, Trustee's fees of 5.000 %
of the gross sale price;) (ii) to all sums secured by this Security Instrument; and (iii) any excess to the person or
persons legally entitled to it. The interest rate set forth in the Note shall apply whether before or after any judgment
on the indebtedness evidenced by the Note.
27. Release. Upon payment of all sums secured by this Security Instrument, Lender or Trustee will cancel this
Security Instrument. If Trustee is requested to release this Security Instrument Lender will surrender all Notes
evidencing the debt secured by this Security Instrument to Trustee. Borrower will pay any recordation costs associated
with such release. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid
to a third party for services rendered and the charging of the fee is permitted under Applicable Law.
28. Substitute Trustee. Lender may, from time to time, by itself or through the Loan Servicer, remove Trustee
and appoint a successor trustee to any Trustee appointed under this Security Instrument by an instrument recorded in
the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee
will succeed to all the rights, title, power, and duties conferred upon Trustee in this Security Instrument and by
Applicable Law.
29. Attorneys' Fees. Attorneys' fees must be reasonable.
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
Borrower Initials: 1%6-
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ;, OocMagic
Form 3034 07/2021
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BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any Rider signed by Borrower and recorded with it.
` Dj)4LJ(Seal)
Michal Dawn Bland -Borrower
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT *DocMagic
Form 3034 07/2021
Page 18 of 19

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f6pace Below This Line For Acknowledgment]
County,
1�. l
of notarizing official and his official title)
ichal Dawn Bland
do hereby certify that
(here give the name of the individual whose acknowledgment is being taken)
personally appeared before me this day and acknowledged the due execution of the foregoing instrument
(or attached document
(description of document)
Witness my hand nd (where an official seal is required by law) official seal this the
day of y-"+- (month/year).
RONALD J. ANTONELLI
NOTARY PUBLIC
WAKE COUNTY, N.C.
My Commission Expires 1-11-2025
(Official Seal)
1.
(Official Signattt of Notary)
U ,j - � -z No rY Public
(Notary's printed or typed name) ']�j�
My commission expires: << `' u
Loan rj jnator: ELIZABETH MgRTH NMLSR ID 682078
Loan ri�inator Organization: State Employees' Credit Union, NMLSR ID 430055
NORTH CAROLINA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �',. DocMagic
Form 3034 07/2021
Page 19 of 19

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EXHIBIT A
LYING ON THE NORTHERN SIDE OF TORREDGE ROAD (formerly Edgehill
Road) AND BEING all of Lots 17,18 and 19, Block P, Section Four, Northwood Forest, as
shown on a plat recorded in Plat Book 34, Page 22, Durham County Registry, to which
reference is made for greater certainty of description.
Property is commonly known as: 1409 Torredge Road, Durham NC 27712
PIN 185869

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Loan Number: 0828787002
ADJUSTABLE RATE RIDER
(5 Year Treasury Index - Rate Caps)
THIS ADJUSTABLE RATE RIDER is made this 23rd day of November, 2022 ,
and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or
Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to
secure Borrower's Adjustable Rate Note (the "Note") to STATE EMPLOYEES' CREDIT UNION, A
CORPORATION
(the "Lender") of the same date and covering the property described in the Security Instrument and located at:
1409 TORREDGE RD, DURHAM, NORTH CAROLINA 27712
(Property Address]
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE
AMOUNT THE BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT
ANY ONE TIME AND THE MINIMUM AND MAXIMUM RATES THE BORROWER
MUST PAY.
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security
Instrument, Borrower and Lender further covenant and agree as follows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note provides for an initial interest rate of 4.000 %. The Note provides for changes
in the interest rate and the monthly payments as follows:
4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change on the first day of December, 2027
and on that day every 60th month thereafter. Each date on which my interest rate could change is called a
"Change Date."
(B) The Index
Beginning with the first Change Date, my interest rate will be based on an Index that is calculated and
provided to the general public by an administrator (the "Administrator"). The "Index" is the weekly average
yield on United States Treasury securities adjusted to a constant maturity of five years, as made available by
the Board of Governors of the Federal Reserve System. The most recent Index value available as of the date
45 days before each Change Date is called the "Current Index," provided that if the Current Index is less than
zero, then the Current Index will be deemed to be zero for purposes of calculating my interest rate.
If the Index is no longer available, it will be replaced in accordance with Section 4(G) below.
(C) Calculation of Changes
Before each Change Date, the Note Holder will calculate my new interest rate by adding
ONE AND 500/1000 percentage points ( 1.500 %)
Borrower Initials: ftyA
MULTISTATE ADJUSTABLE RATE RIDER - 5 YEAR ARM ✓DocMagic
Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3131 1/01 (rev. 2/20) Page 1 of 4
11162
M610 FA

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(the "Margin") to the Current Index. The Margin may change if the Index is replaced by the Note Holder
in accordance with Section 4(G)(2) below. The Note Holder will then round the result of the Margin plus
the Current Index to the nearest one -eighth of one percentage point (0.125%). Subject to the limits stated
in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date.
The Note Holder will then determine the amount of the monthly payment that would be sufficient to
repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my
new interest rate in substantially equal payments. The result of this calculation will be the new amount of
my monthly payment.
(D) Limits on Interest Rate Changes
The interest rate I am required to pay at the first Change Date will not be greater than
6.000 % or less than 2.750 %. Thereafter, my interest rate will never be increased
or decreased on any single Change Date by more than two percentage points ( 2.0 %) from the rate of interest
I have been paying for the preceding 60 months. My interest rate will never be greater than
10.000 % or less than 2.750 %.
(E) Effective Date of Changes
My new interest rate will become effective on each Change Date. I will pay the amount of my new
monthly payment beginning on the first monthly payment date after the Change Date until the amount of my
monthly payment changes again.
(F) Notice of Changes
The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount
of my monthly payment before the effective date of any change. The notice will include information required
by law to be given to me and also the title and telephone number of a person who will answer any question
I may have regarding the notice.
(G) Replacement Index and Replacement Margin
The Index is deemed to be no longer available and will be replaced if any of the following events
(each, a "Replacement Event") occur: (i) the Administrator has permanently or indefinitely stopped providing
the Index to the general public; or (ii) the Administrator or its regulator issues an official public statement
that the Index is no longer reliable or representative.
If a Replacement Event occurs, the Note Holder will select a new index (the "Replacement Index")
and may also select a new margin (the "Replacement Margin"), as follows:
(1) If a replacement index has been selected or recommended for use in consumer products,
including residential adjustable -rate mortgages, by the Board of Governors of the
Federal Reserve System, the Federal Reserve Bank of New York, or a committee
endorsed or convened by the Board of Governors of the Federal Reserve System or the
Federal Reserve Bank of New York at the time of a Replacement Event, the Note Holder
will select that index as the Replacement Index.
(2) If a replacement index has not been selected or recommended for use in consumer
products under Section (G)(1) at the time of a Replacement Event, the Note Holder will
make a reasonable, good faith effort to select a Replacement Index and a Replacement
Margin that, when added together, the Note Holder reasonably expects will minimize
any change in the cost of the loan, taking into account the historical performance of the
Index and the Replacement Index.
Borrower Initials:
MULTISTATE ADJUSTABLE RATE RIDER - 5 YEAR ARM *DocMagic
Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3131 1/01 (rev. 2/20) Page 2 of 4

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The Replacement Index and Replacement Margin, if any, will be operative immediately upon a
Replacement Event and will be used to determine my interest rate and monthly payments on Change Dates
that are more than 45 days after a Replacement Event. The Index and Margin could be replaced more than
once during the term of my Note, but only if another Replacement Event occurs. After a Replacement Event,
all references to the "Index" and "Margin" will be deemed to be references to the "Replacement Index" and
"Replacement Margin."
The Note Holder will also give me notice of my Replacement Index and Replacement Margin, if any,
and such other information required by applicable law and regulation.
B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
Section 18 of the Security Instrument is amended to read as follows:
Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section
18, "Interest in the Property" means any legal or beneficial interest in the Property, including,
but not limited to, those beneficial interests transferred in a bond for deed, contract for deed,
installment sales contract or escrow agreement, the intent of which is the transfer of title by
Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or
if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)
without Lender's prior written consent, Lender may require immediate payment in full of all
sums secured by this Security Instrument. However, this option shall not be exercised by
Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this
option if: (a) Borrower causes to be submitted to Lender information required by Lender to
evaluate the intended transferee as if a new loan were being made to the transferee; and (b)
Lender reasonably determines that Lender's security will not be impaired by the loan
assumption and that the risk of a breach of any covenant or agreement in this Security
Instrument is acceptable to Lender.
To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a
condition to Lender's consent to the loan assumption. Lender may also require the transferee
to sign an assumption agreement that is acceptable to Lender and that obligates the transferee
to keep all the promises and agreements made in the Note and in this Security Instrument.
Borrower will continue to be obligated under the Note and this Security Instrument unless
Lender releases Borrower in writing.
If Lender exercises the option to require immediate payment in full, Lender shall give
Borrower notice of acceleration. The notice shall provide a period of not less than 30 days
from the date the notice is given in accordance with Section 15 within which Borrower must
pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to
the expiration of this period, Lender may invoke any remedies permitted by this Security
Instrument without further notice or demand on Borrower.
Borrower Initials: `iri 6
MULTISTATE ADJUSTABLE RATE RIDER - 5 YEAR ARM ;, DocMagic
Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3131 1/01 (rev. 2/20) Page 3 of 4

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BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Adjustable Rate Rider.
I )'['-4 [3i _Mf4 l r� F _ (Seal)
Michal Dawn B€and -Borrower
MULTISTATE ADJUSTABLE RATE RIDER - 5 YEAR ARM *DocMagic
Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3131 1/01 (rev. 2/20) Page 4 of 4

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Loan Number: 0828787002
SECOND HOME RIDER
THIS SECOND HOME RIDER is made this 23rd day of November 2022 , and
is incorporated into and amends and supplements the Mortgage, Mortgage Deed, Deed of Trust, or Security
Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower," whether there
are one or more persons undersigned) to secure Borrower's Note to STATE EMPLOYEES' CREDIT
UNION, A CORPORATION (the "Lender")
of the same date and covering the Property described in the Security Instrument (the "Property"), which is
located at:
1409 TORREDGE RD, DURHAM, NORTH CAROLINA 27712
[Property Address]
In addition to the representations, warranties, covenants, and agreements made in the Security
Instrument, Borrower and Lender further covenant and agree that Sections 6 and 8 of the Security Instrument
are deleted and are replaced by the following:
6. Occupancy. Borrower must occupy and use the Property as Borrower's second home.
Borrower will maintain exclusive control over the occupancy of the Property, including short-term
rentals, and will not subject the Property to any timesharing or other shared ownership arrangement
or to any rental pool or agreement that requires Borrower either to rent the Property or give a
management firm or any other person or entity any control over the occupancy or use of the
Property. Borrower will keep the Property available primarily as a residence for Borrower's
personal use and enjoyment for at least one year after the date of this Security Instrument, unless
Lender otherwise agrees in writing, which consent will not be unreasonably withheld, or unless
extenuating circumstances exist that are beyond Borrower's control.
8. Borrowers Loan Application. Borrower will be in Default if, during the Loan application
process, Borrower or any persons or entities acting at Borrower's direction or with Borrower's
knowledge or consent gave materially false, misleading, or inaccurate information or statements to
Lender (or failed to provide Lender with material information) in connection with the Loan,
including, but not limited to, overstating Borrower's income or assets, understating or failing to
provide documentation of Borrower's debt obligations and liabilities, and misrepresenting
Borrower's occupancy or intended occupancy of the Property as Borrower's second home.
Borrower Initials: �8
MULTISTATE SECOND HOME RIDER - Single Family a,. DocMagic
Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3890 07/2021 Page 1 of 2

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BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Second Home Rider.
%! r N3L :A rm (Seal)
Michal Dawn Bland -Borrower
MULTISTATE SECOND HOME RIDER - Single Family *00cMagic
Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3890 07/2021 Page 2 of 2