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201404600
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201404600
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Last modified
7/20/2017 8:09:39 PM
Creation date
7/28/2014 10:46:37 AM
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DEEDS
Inst Number
201404600
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��14�4��� <br /> B. TRANSFER �F T�fE PRC]PERTY �� A BENEF�CIAL INT�REST IN B�3RRC31J1JER <br /> Uniform C��ena�t 1 S �f the Security instrument is amended t� read as ffl�laws: <br /> Transfer nf the Pr�perty or a Benefi�ial Interest in B�rr�wer. As used in this <br /> Section �8, "Interest in the Property" means any �ega1 or benefi�ial int�rest in the <br /> Property, including, �ut nvt limited tv, those �aenef�c�al int�rests transferred �n a <br /> �ond for deed, c�nt�act f�� deed, �nstallment sales contra�t flr escrow agreement, <br /> the intent nf whi�h is the transfer of title by Bor�ower at a futu�e date to a <br /> purchaser, <br /> If all �r any part �f the Pr�perty or any �nterest �n the Property is s��d or <br /> transferred �or if a Bo��ow�� is nat a natura� person and a beneficial interest in <br /> Bor��wer is so�d or transfe�red} withvut Lender's priar written cansent, Lender may <br /> r�quire immediate paym�nt in fu�� of all sums secured by this Se�urity Instrument. <br /> Howe�er, this option shall not be exercissd �y Lender if such exercise �s prohibited <br /> by Applicable Law. Lender also shall nat �xercise th�s apt�on if: �a� B�rrvwer causes <br /> tv be submitted to Lender �nformation requ��ed by Lender to eWaluate the intend�d <br /> transferee as �f a new loan were �aeing made ta the transferee; and �bj Lende� <br /> reas�nab�y determ�nes that Lender's security wi�� not �e �mpa�red by the �aan <br /> assumption and that the r�sk of a breach vf any ca�enant �r agreement in ti��s <br /> Securi�y ins�rument is ���ep�a��e to L�r�der. <br /> To the extent ��rmitted by Applicahle Law, Lender may charge a reasonable fee <br /> as a �ondit�vn to Lender's conser�t to th� ��an assumptian, Lend�r a�so may re�uire <br /> th� transferee t❑ si�n an assumpti�n agreement that is a���ptable to Lender and that <br /> obligat�s the transferee to keep all the promises and agre�ments made in the Nate <br /> and in this Security Instrument. Bo��ower will cnntinu� to be obligated und�r the <br /> Note and this Security �nstrument unless Lender re�eases Borrower in writing. <br /> lf Lender �xe�cises the ��tion tv require immediate payment �n full, Lende� sna�l <br /> gi�e Borrower n�tice �f a�celeration. The notice shall pra�ide a per�od of nvt less <br /> than 3� days from the date the natice is gi�en in ac�ordance with Section 15 w�thin <br /> which Barrower must pay ail sums se�ured by this Secu�ity )nstrument. lf Bvrrower <br /> fails to pay t�ese sums prior ta the expir�tion of this peri�d, Lender may in�oke any <br /> �emedies perm�tted by this Security fnstrument w�th�ut further nvtice ar demand an <br /> Borrvwer. <br /> I�11�IG�Se <br /> �899R �����} Page � of 5 �-�, �w., <br /> '--�.� �.... <br />
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