200000298 - Laserfiche WebLink

Browse

20000029� exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender also may require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in �his Seeurity Instrument. Borrower will continue to be obligated under the Note and Security Instrument unless Lender releases Bonower in writing. If Lender exercises the option to require immediate payment in full, Lender shall give Bonower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Fixed/Adjustable Rate Rider. '�` ^ �j __` ^ (Seal) u�-�.�s�-� (Seal) DONALD TRACY -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower [Sign Original Only] Fixed/Adjustable Rate Rider-Libor �-1956016 195i o1 Page 3 of 3 TM Loan No. 8675431-30784 26RID3/I9560163(02l23/99)