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201604506
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Last modified
7/24/2017 2:35:32 PM
Creation date
7/18/2016 10:12:34 AM
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DEEDS
Inst Number
201604506
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2� 1 ��45�� <br /> EFFECT,AND THE PR(]VISI(lNS�F UNIF�RM CCIVENANT 18�F THE SECURITY <br /> INSTRUMENT SHALL BE AMENDED T(]READ AS F�LL�WS: <br /> Transfer of the Property or a Benef�cial Interest in Borrawer. As used in this Sectian 18, <br /> "�nterest in the Property"means any legal or benef cial interest in the Property, including,but not <br /> limited to,those beneficial interests transferred in a bond for deed,contract for deed, installment <br /> sa�es contract or es�row agreemer�t,the intent of whi�h is the transfer of title hy Borrower at a <br /> future date to a pur�haser. <br /> If all or any part of the Property or any Interest in the Property is sold or transferred(or if Borrower <br /> is not a natural persan and a beneficial interest in Barrawer is s�ld ar transferred�without Lender`s <br /> prior wr�tten consent, Lender may require immed�ate payment in fu�l of all sums secured by this <br /> Security Instrument. Howe�er,this option shatl not be exercised by Lender if such exercise is <br /> prohibited by Applicable Law. Lender also shall not exercise this option if: �a}Borrower causes to <br /> be submitted to Lender informatian required by Lender ta evaluate the intended transferee as if a <br /> new loan were being ma.d.e to the transferee; and�b}Lender reasonably determines that Lender's <br /> security will not be impaired by the laan assumption and that the risk of a breach of any co�enant <br /> or agreement ir►this Se�urity Instrument is acceptable to Lend�r. <br /> To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a cand�tion <br /> to Lender�s consent ta the�oan assurnption. Lender may alsa require the transferee to sign an <br /> assumption agreement that is acceptable to Lender and that obiigates the transferee to keep all the <br /> promises and agreements made in the Note and in this Se�urity Instrument. Borrower will continue <br /> to be obligated under the Note and this Security Instrument unless Lender releases Borrower in <br /> writing. <br /> If Lender e�ercises the option to require immediate payment in full,Lender shall gi�e Borrower <br /> notice of ac�eleration. The notice shall pro�ide a period of not less than 3�days from the date the <br /> notice is gi�en in acc�rdan�e with Section �5 within which Borrower mu�t pay a�l sums secured by <br /> this Se�urtty Instrument. If Borrower fails to pay these sums prior to the expiratian of this per�od, <br /> L�nder may in�oke any remedies permitted by this Security Instrument without further notice or <br /> demand on Borrower. <br /> BY SIGNING BEL�W,Borrower accepts and agrees to the terms and ca�enants�.ontained in this <br /> Adjustab�e Rate Rider. <br /> Bor�ower ,, <br /> � <br /> � <br /> �. <br /> .��— <br /> �- . � <br /> rian L GREENWALT Date <br /> Seal <br /> HcFc-0ooz� <br /> MULTISTATE ADJUSTABLE RATE RIDER-1-Year LieoR Index[Assumable after initial Period)5ingle Fami�y- Fam 5131 3104 <br /> FfiBddlB M8C 11NIFQRM 1N5TRUMENT <br /> �� os��3 <br /> W�otters Kluwer Financial 5ervioes Z016Dfi3015.3.2.35�9-JZD16�1�4Y Page 3 oF 4 <br /> .� . <br />
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