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200002620
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Last modified
10/13/2011 11:45:41 AM
Creation date
10/20/2005 8:06:48 PM
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DEEDS
Inst Number
200002620
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200oo2626 <br />(E) Effective Date of Changes <br />My new interest rate will become effective on each Change Date. I will pay the amount <br />of my new monthly payment beginning on the first monthly payment date after the Change <br />Date until the amount of my monthly payment changes again. <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate <br />and the amount of my monthly payment before the effective date of any change. The notice <br />will include information required by law to be given me and also the title and telephone <br />number of a person who will answer any question I may have regarding the notice. <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN <br />BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of <br />the Property or any interest in it is sold or transferred (or if a beneficial interest in <br />Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior <br />written consent, Lender may, at its option, require immediate payment in full of all sums <br />secured by this Security Instrument. However, this option shall not be exercised by Lender <br />if exercise is prohibited by federal law as of the date of this Security Instrument. Lender <br />also shall not exercise this option if: (a) Borrower causes to be submitted to Lender <br />information required by Lender to evaluate the intended transferee as if a new loan were <br />being made to the transferee; and (b) Lender reasonably determines that Lender's security <br />will not be impaired by the loan assumption and that the risk of a breach of any covenant or <br />agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by applicable law, Lender may charge a reasonable fee as a <br />condition to Lender's consent to the loan assumption. Lender may also require the <br />transferee to sign an assumption agreement that is acceptable to Lender and that obligates <br />the transferee to keep all the promises and agreements made in the Note and in this Security <br />Instrument. Borrower will continue to be obligated under the Note and this Security <br />Instrument unless Lender releases Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall give <br />Borrower notice of acceleration. The notice shall provide a period of not less than 30 days <br />from the date the notice is delivered or mailed within which Borrower must pay all sums <br />- 1172207 (9803) Page 3 of 4 815U <br />TM <br />MFCD9752 (3/98) <br />10371190 <br />
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