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201505634
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Last modified
7/21/2017 3:31:21 AM
Creation date
8/18/2015 10:11:37 AM
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DEEDS
Inst Number
201505634
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��1 5�5�34 <br /> B. TRANSFER �F THE PR�PERTY �R A BENEFICiAL INTEREST NN B�RRqWER <br /> Llniform �o��nant �8 nf the Se�u�ity Instrument is amended to read as fo��ows; <br /> Transfe� ❑f the Pr�perty �r a g�neficial Interest in Borrower. As used in th�s <br /> Sectifln 1 g, "Interest �n the Property" means any �egal vr ben��icial inter�st in the <br /> Property, including, but n�t �imit�d to, those beneficial inte�ests transferred in a <br /> bond for deed, cantract far deed, instal�rnent sales contract �r �scrow agreement, <br /> the int�nt of whi�h is the transfer of tit[e by B�rrflwer at a futu�-e date to a <br /> pu�-chaser, <br /> tf a�l or any part af the Property ar any lnterest in the Praperty is sv�d �r <br /> transferred {or if a Barrawer is not a na�tur�l person and a �enefic�al interest in <br /> Bvr�ower is sald or transfer�ed} withaut Lender's prior writt�n c�nsent, L�nd�r may <br /> require immed�ate paym�nt in fuf! af al! surns secured hy this Security 1 nstrurnent. <br /> How��er, this flpti�n sha�� not be exercised by Lender if such exercise �s prohibited <br /> by Appl�cab�e Law. Lender alsa shal� nvt ex�r�is� this apti�n if: �a} Barrower causes <br /> to bs submitted tc� L�nder �nfvrmativn require� by Lender to e�aluate the intended <br /> transferee as if a new �oan were �eing mad� ta the transferee; and �b� Lend�r <br /> reasanably det�rmines that Lender's security wil� not �e irnpaired by the laan <br /> �ssumption and that the risl� o� a breach of any ca�enant or agreem�nt in this <br /> Security Instrument �s acceptab�e to Lender. <br /> To the extent p�rrnitted by Applicable La�, Lend�� may charg� a r�asanable fee <br /> as a candition to Lender's �ansent tv the loan assumption. Lender afsa may r�quire <br /> the transferee to s�gn an assumptian agreement that is acceptable ta Lender and that <br /> vbligates the transferee tc� keep al! the prarnises and agreements made in the Nate <br /> and in this Security lnstrument, Ba�rower wil� c�ntinue t� be obligated under the <br /> Note and this Secur�ty lnstrument un�ess Lender releases Bv�rower in writing, <br /> �f Lender exer�ises the opt�on ta require imm�d�ate payment �n ful�, Lender shal� <br /> gi�e Borrower natice of acce�erativn. The nvtice sha�l praWide a perivd of nat �ess <br /> than 3D days fr�m the date th� nQtice �s gi�en in accardance with Section �5 with�n <br /> which Borrower must pay alf sums secu�ed by this Security lnstrument. �f Barrow�r <br /> fa��s ta pay these sums privr ta the exp�ration af this peri�d, Le�d�r may �n�oke any <br /> remedies permitted by this Se�urity lnstrume�t w�thaut further nvt�ce flr demand on <br /> Barrower. <br /> � <br /> Initia�s. <br /> �899R ��5��� Page �- of 5 <br />
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