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201205645
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Last modified
9/10/2012 2:43:39 PM
Creation date
7/11/2012 8:36:15 AM
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DEEDS
Inst Number
201205645
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201205645 <br />56709083646612 <br />EXHIBIT "A"(CONTINUED) <br />and under what conditions I may be required to make immediate payment in full of all amounts I owe under <br />this Note. Some of those conditions read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not <br />limited to, those beneficial interests transferred in abond for deed, contract for deed, installment sales <br />contract or escrow agreement, the intent of which is'the transfer of title by Borrower at a• future date <br />to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred .(or,if <br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without <br />-Lender's prior written consent, Lender may require immediate payment in full of all sums secured by <br />this Security Instrument. However, this option shall not be -exercised by Lender if such exercise is <br />prohibited by Applicable Law. Lender also shall not exercise this option if : (a) Borrower causes <br />to be submitted to Lender information required by Lender to evaluate the intended transferee as if <br />a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's <br />security will not be impaired by the loan assumption- and that the risk of a breach of any covenant or <br />agreement in this Security Instrument is acceptable to Lender. <br />To the extent -permitted by Applicable Law, -Lender may charge a reasonable fee as a condition <br />to Lender's consent to the loan assumption. Lender also may require the transferee to sig ' ran <br />assumption agreement that is acceptable to Lender and that obligates the transferee to keep all1the <br />promises and agreements made, in the Note and in this Security Instrument. Borrower will continue <br />to be obligated under the Note and this Security Instrument unless Lender releases Borrower in <br />writing. <br />If-Lender exercises the option to require immediate payment in full, Lender shall give Borrower <br />notice of acceleration. The notice shall provide a period of not less than 30 days from the date the <br />notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this <br />Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender <br />may invoke any remedies permitted by this Security Instrument without further notice or demand on <br />Borrower. <br />WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. <br />- (Seal) ~&A (Seas) <br />-Borrower DAN EL N -Borrower <br />(Seal) <br />-Borrower <br />- (Seat) <br />-Borrower <br />- (Seal) <br />-Borrower <br />(Seal) <br />-Borrower <br />(Sign Original Only] <br />MULTISTATE ADJUSTABLE RATE NOTE-LIBOR SIX-MONTH INDEX(AS PUBLISHED IN THE WALL STREET JOURNAL)- <br />Magic Family--Famiie Mao Modified Instrument Page 4 of 4 Form 3520 1101 <br />DO==* Sat=L inc. (M 649.1962 <br />5 <br />
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