98103867 - Laserfiche WebLink

Browse

98- 1c'�ss� (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 me and also the title and telephone : number of a person who will answer any question I may have regarding the notice. : B.TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of : the Property or any interest in it is sold or transferred (or if a bene�cial interest in Borrower is sold or transferred and Borrower is not a natural person) without I.ender's prior : written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender : if exercise is prohibited by federal law as of the date of this Security Instrument. 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 deterxnines 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 delivered or mailed within which Borrower must pay all sums : �-1172207(98031 Page 3 of 4 815U TM = MFCD9752(3/98) 10166579