Laserfiche WebLink
��14�3174 <br /> �. 1`RANSFEF��F THE P��PE�TY �F�A BENEF[��AL 1N�ERES� 1N B�R���'11'EF� <br /> Sec��on 'I 8 of �h�Securi�y lns�rumen� is amend�d �o read as fol�o�rs: <br /> Transfer of the Praperty or a Benef�icEa� lnter�st in �rrow��. As used in this <br /> Sectian '�8, "[n�eres� in �he Property" means any Iegal or �enef�cial in�eres� in the <br /> Prape��y, incIud�ng, bu� no� Iimi�ed �a, �hose benef�cial in�eres�s �ransferred in a <br /> bond for deed, con�rac� for deed, ins�allm�n� saIes con�ract or �scr�w agr��ment, <br /> �he �n�r�n� of w hich is th� �ransfer vf �i�tIe by Bo�ro�nr�r a� a future da�e ta a <br /> pur�haser. <br /> lf aII or any par� af fihe Praper�y or any [n�erest in ��ne Praper��r is sold or <br /> �ransferred �or if Borro�nr er is no� a �atura� person and a benefic�a! �nteres� �n <br /> Bor�ow e� is sold or �ransferred} v�r��hou� Lender°s prior �nr ri�ten consent, �er�der may <br /> require immedlafie paymen� in fuf� �f a�� sums secur�d by this Securi�y lr�strument. <br /> Hov�ever, �his Qp��on sha1� no� be exercis�d by Lender if such exer�c�se is prahibi��d <br /> by App[icable Law. Lender a�so shall nfl� �x�rcis� �h�s o��ion if: �a3 B�rrow er �auses <br /> fo be su�mi��ed �o Lender �nforma�ion required �y L�nder to eva�ua�e the �ntended <br /> �ransf�ree as if a n�w I�an w�re be�ng made fio the �ransfer�ee; and �b} Lender <br /> r�asonably de�ermines tha� Lender's securifiy wi�l no� be ��npaired by �he ��an <br /> assur�ption and �ha� th� risk of a breach.�f any cnvenant or agreem�nfi in ��is <br /> Security l�s�ru�nen� is �cc�p�able �o L�nder. <br /> To �the ex�enfi pern����ed by Applicable La�v, L�nder may charge � r�ason�ble f�e <br /> as a conditio� �o Lender's consent �o th� laan assump�ian. Lender may also req�ire <br /> the�ransferee �o sign an assump�iar� agreemen� �ha� is acc�p�a�l� �o Lender and �ha� <br /> obliga�es �he �r�ansferee �o keep a[� the pramises and agre�ments made ir� the N��e <br /> and in �h�s Security [ns�rumen�. Borro�rv er w ill continue to be ab��ga��d under �h� <br /> Nofie and �nis 5ecuri�y �nstrum�n� unless L�nder releases Bo��a�nr er in w riting. <br /> [f Lender ��er�ises �he op�ion to require immedia�� paymen� �n full, Lender shall <br /> g�ve B�rrow�r nofi�ce af accelera�ion. The no�ice sha�I provide a period �f n�� �ess <br /> �han 30 days fro� �he da�� the no�ice i� g�ven in accordance �ifih S�c�t�on '[5 �rv i�h�n <br /> w hi�F� B�rrow�� must pay �1� sums secu�ed by �h�s ���ur��y �nstrur��nfi. �f �orro�v er <br /> fai�s �o pa� �hese s�urns priar to �he ��p�r��ion �f �h�s period, Lender rmay �nvok� ar�� <br /> r�rr�ed�es p�rmi���d by �his Se�ur��� �nstrurnen� �i�hou� fur�her r���i�� vr demar�d o� <br /> Bo�r��nr�r. <br /> ��oo���� <br /> M ULTISTATE ADJUSTABLE RATE R�DER�ARNI 5-� Fannie Mae 4-���-�I6�� ARM <br /> Sin��e F�mify - Fannie MaelFreddie Mac L]N[F�RM INSTRUMENT Form 3�'i'I '!��'� <br /> �IM P � V ��R��8�4�} <br /> �VoE�ers �Clu�ver Financial S���ices lni����s.�� � � ag� 3 of 4 <br />