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201405810
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Last modified
7/20/2017 8:43:02 PM
Creation date
9/15/2014 9:29:00 AM
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DEEDS
Inst Number
201405810
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��14�551� <br /> �3. TF�A��F�R�F THE F'��PERTY C]R A B�I��FI�NAL �NTER�ST' IN ��RR�'�U'ER <br /> _ Sec�ion �8 0� the Security �nsfirumen� is am�nded to read as �o[low�: <br /> ,..� �.___ <br /> Yr�n�fer �f the �'ro��r�y ar a �enef ic�al I��eres� in Borrvw�r� �s u sed i n t h is <br /> Secfiior� ��3, °"In�eres� ir� the Proper�y" means an�y legal ar bene�icial infi�resf in the <br /> Prop�r�y, including, bu� r�afi limifed fos those bene��cial inte�ests trans�erred in a <br /> bond for deed, cnntract �o� de�d, installm�nt sale� contrac� or escrow agreement, <br /> th� ���en� of �v hich is �h� transfe� of ��tf� by Qorrn�v er at a �uture date to a <br /> pu r�haser. <br /> �� all �r any parfi o� fi�e Proper�y �� any In�erest in the Properfiy �s s�ld or <br /> �ransferr�d �or �f gorr�w�r is r��t � natura� p�rson and a bene�icEal interesf in <br /> Borr�w er is sold ar tran�fe�r�d} w ithout Lender's prior �rv ritfen cons�nfi, Lende� m�y <br /> requi�e immediate paymen� in full of a�l �ums secured by this Se�urity Instrum�nt. <br /> Haw e�er, �his optE�n shall no� be exercised b� Lender if such exe�cise �s proh�bi�ed <br /> �y Ap��icable Law, Le�d�� �I�o �h�l! no� �xerci�e fihis �p�Eon if: �a} Borrow�er causes <br /> �o be �ubmif�ed �� Ler�der information requir�d by Lende� fo eva�ua�e fihe infiended <br /> fr�nsfere� a� �� a ne�nr loar� w ere being made to �he transferee; and �b} Lende� <br /> reasonab�y defermines tha� Lende�'s security w�ll not b� impairec� by fihe loan <br /> assumptior� and that �he riSk �f a br�a�h af any covenant or agreemen� in fhi� <br /> S�curity lnsfrumenfi is acceptable fio Lender. <br /> T`❑ �he ex�ent permE�ted by ApplicabCe �.a�v, Lender may charge a r��sonable f�e <br /> as a conditEon fo Lender's �onsen� to �he loan assumption. Lender may also �equi�e <br /> the �ransfere� �o sign an �ssumption agreemen� that is a��eptable to Lend�r ar�d tha� <br /> obliga��s fihe �ransfe�ee �o keep all �he p�om��e� and a�reemenfis mad� in fhe IVote <br /> and tn �his �ecur�ty Ins�rum�nt. �orrow er w iIC ����f inu� �o be obl�g��ed under �r�e <br /> iVote an� �h�s SPcuri�y Instru.rr�ent �unl�ss Ler�der releases Borrow e� in vv ri�ing e <br /> If Lender exercises #he op�ion �a requ�r� immedi�te payment �n ful[, Lender shall <br /> giue �orrower notice of acceleratE�n. The notic� shall prov�de a p�riod o� not ��ss <br /> �han 3D days fram �he d�te fihe no��ce is given in accordan�e w ith Secfiior7 �5 w ithin <br /> w hich �3orrow er must pay al� sums secured �y �hi� S�cur�ty Insfrumenfi. �f Barrower <br /> fails tn pay �hese sums prior tn the expir���ion of this period, L,ender may invoke any <br /> remedies permitted by this Securifiy �nstrum�n� w ithout �urther notice or demand on <br /> Qo rr�w e�. <br /> �40�700� <br /> M ULTISTAT�ADJ LJSTAE�LE RAT� ���CF�� I�R{1ll 5�� Fannie M ae 4�21���1��� ARM <br /> �ingle ��mily � Fannie M aelFreddie M ac UNIF�f�IV� ENSTRUN!ENT F�rm 3� � � �1�� <br /> VN�� � VN�P���R�08D4} <br /> Wlloffe�s Kluwer Financial �ervices In��ials: �-�"'�� Pa � 3 af 4 <br /> _ � <br />
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