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201601819
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Last modified
5/17/2016 12:56:34 PM
Creation date
3/28/2016 3:52:35 PM
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DEEDS
Inst Number
201601819
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201601819 <br />which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or <br />transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is <br />sold or transferred) without Lender's prior written consent, Lender may require immediate <br />payment in full of all sums secured by this Security Instrument. However, this option shall <br />not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. <br />The notice shall provide a period of not less than 30 days from the date the notice is given <br />in accordance with Section 15 within which Borrower must pay all sums secured by this <br />Security Instrument. If Borrower fails to pay these sums prior to the expiration of this <br />period, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the <br />terms stated in Section A above, Uniform Covenant 18 of the Security Instrument described in Section B1 <br />above shall then cease to be in effect, and the provisions of Uniform Covenant 18 of the Security <br />Instrument shall be amended to read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this <br />Section 18, "Interest in the Property" means any legal or beneficial interest in the <br />Property, including, but not limited to, those beneficial interests transferred in a bond for <br />deed, contract for deed, installment sales contract or escrow agreement, the intent of <br />which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or <br />transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is <br />sold or transferred) without Lender's prior written consent, Lender may require immediate <br />payment in full of all sums secured by this Security Instrument. However, this option shall <br />not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also <br />shall not exercise this option if: (a) Borrower causes to be submitted to Lender information <br />required by Lender to evaluate the intended transferee as if a new loan were being made <br />to the transferee; and (b) Lender reasonably determines that Lender's security will not be <br />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 <br />as a condition to Lender's consent to the loan assumption. Lender also may require the <br />transferee to sign an assumption agreement that is acceptable to Lender and that <br />obligates the transferee to keep all the promises and agreements made in the Note and in <br />this Security Instrument. Borrower will continue to be obligated under the Note and this <br />Security Instrument unless Lender releases Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall <br />give Borrower notice of acceleration. The notice shall provide a period of not less than 30 <br />days from the date the notice is given in accordance with Section 15 within which <br />Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies <br />permitted by this Security Instrument without further notice or demand on Borrower. <br />liii 1111 <br />111111 <br />lID <br />1111111111 <br />1111 * J R <br />DII MCAD <br />* 5 9 3 7 6 0 0 8 1 <br />MULTISTATE F XED /ADJUSTABLE RATE RIDER —ONE -YEAR TREASURY INDEX-Single Family -FNMA Uniform Instrument <br />Accenture Mortgage Cadence Document Center 0 3212 01/14 <br />11111111 <br />Y <br />T R D R * <br />Form 31821(01 <br />(Page 3 of 4) <br />
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