201407802 - Laserfiche WebLink

Browse

��14�75�� B. TRANS�ER �F THE PFi�]PERTY �R A BENEFI�iAL INTEREST IN BDRR�1J1rER tJnifarm ��enant 18 t�f the Secur�ty Instrument is amended to r�ad as foll�ws: Transfer of tne Prop�rty �r a Benef�cial Interest in Borrower. As used in th�s Section �8, "[nterest in the Pr�perty" means any ��gal or heneficial �nterest in the Property, includ�ng, but not limited ta, thos� ben�f�cial int�rests transferred in a bvnd far deed, contract for de�d, installment sales contract or escrow agreem�nt, the intent �f which is the transfer �f tit�e by Borrower at a future date t� a purchas�r. If a[� o�- any part of the Property ar any lnterest in the Praperty is s�ld vr transfer�ed �or if a B��rowe� is not a natura� persan and a benefic�al interest in Borrower �s so�d or transferred} w�thout L�nder's prior written �ansent, Lender rr�ay rec�uire immediate payment in ful� af al[ sums se�ured by th�s Security lnstrum�nt. Howeve�, tnis option shall not be exercis�d by Lender if such ex��ist is prohib�ted by Applicable Law. Lender a[sv sha�l not exerc�se th�s flption if: �a� Barrower causes to be submitted t� Lender ir�formation required by Lender to e�a�uate the int�nded transferee as if a n�w ��an were being made to the transf�ree; and �b� L�nder reasonably determines that Lender's security will not be impa��ed by the �oan assu�ptivn and that the risk of a breach of any cov�nant or agreement in this Secu�-ity Instrument is acceptable ta Len�e�. To the extent pe�mitt�d by App�icabl� Law, Lender may cha�g� a reasvnable fee as a cond�tion to Lender's c�nsent to the loan assumptian. Lent��r a�sv may require the transferee to sign an assumpt�vn agreem�nt that is acceptab�e to L�nd�r and that obligates the transferee to k�ep all the pr�mises and agreements made in the Note and �n t�is Security �nstrument. Bo�rower will cont�nue ta be abi�gat�d und�� th� �Vot� and this Secur�ty �nstrument unless Lender rel�ases Borrawer in wr�tin�. If Lender �xercise� the option to require immediate payment in fu��, Lend�� shal� g��e Bvrrower nvt�ce of acce[e�at�on. The notice shaf� p�ro�ide a pe��od of not less than 30 days fram th� date the nvt�ce is gi��n �n acco�dance with Sect�on �5 within which B�rrower must pay a[� sums secured by this Security �nstrurr�ent. If Barrower fai�s t� pay these sums prio� ta the expirat�on vf th�s period, L�nde� may in�vke any remedies perm�tted by this Security [nstrument withvut further natic� ar demand vn Barrawer. �.��.-,.�, Initia�s� - ��r �-899R 4�51 D� Page 4 of 5 `��'`�� � � .