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201608552
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Last modified
7/28/2017 1:10:44 PM
Creation date
12/20/2016 8:42:20 AM
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DEEDS
Inst Number
201608552
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2� 1 ��8552 <br /> B. TRANaFER DF THE PR�PERTY aFi A BENEFIC�AL �NTERE�T tN B�RR�WER <br /> Uniform Co��nant �8 of the Security instrument is amend�d tv r�ad as follaws: <br /> Tra�sfer of the Praperty ar a BenefiG�al interest �n B�rrawer. As used in th�s <br /> Section 1 S, "�nterest in the Property" means any legal ar beneficial �nterest in the <br /> Prflperty, including, but not �imited ta� thase beneficial interests transferred in a <br /> bond for dee�i, contract for deed, insta��ment sa��s contract ar �scr�w agreement, <br /> the �ntent of which is the transfer o# title by Bvrr�wer at a future date to a <br /> purchaser. <br /> If a�l fl�r any part af the Property �r any �nterest in the Prop�rty is sold or <br /> transf�rred tor if a B�rrvwer �s n�t a natu�a! person and a benefic��� interest in <br /> Borrvwer is solc� a�- transfer�-ed} without Lender's prior wr�tten c�nsent, L�nde� may <br /> r�quir�� immed��t� paym�nt �n ful! vf a[! sums seGured hy this Secu�ity lnstrument, <br /> Ha�v�r�v�r, t�is �ptian sha�� nvt �e exerc�sed by Lend�r i� �t��h �x������ i� �r�h���°�ed <br /> b� ►4���icahle Lav►�. Lender also shall not exercise this opti�n if: �a� B�rrower causes <br /> to be �u.bmitted to Lende�- inf��mativn required by Lender to e�aivate the intended <br /> transfer�e as if a new �o�n we�e I�eing made to the transfsree; and �b� Lender <br /> reas�r�ab�y determines that L�nder's secur�ty will not be impaired by the Ivan <br /> assurnptian an� that the risk of a b�ea�h of any co�enant or agre�ment in this <br /> �ecurity Instrum�nt is acce�ta�le ta L�nder. <br /> To the extent perm�tted by Appii�able Law, Lender may charge a reasvnab�e fee <br /> as a cvndition t� Lender's consent tv the ��an assumpt�on. Lender aiso may require <br /> th�t�ansfe�ee to sign an assumptivn agreement that is a�c�ptable ta Lende� and that <br /> abligates the t�ansferee tQ keep aii the prom�ses and agreements made in the N�te <br /> and in this Security lnstrum�nt. 6vrrowe� wi�� c�ntinue to be oh�igated under the <br /> Nate and th�s Se�urity �nstrument un�ess Lender �eleases Bv�rowe� in writing. <br /> If Lender �xercises th� option to require immediate payment in full, Lender shalf <br /> gi�e Borrower natice of acceleration. Th� not�ce sha�! pro��de a peri�d af n�t I�ss <br /> than 3� days fram the date tne not�ce is gi�en in accardance with Secti�n �5 w�thin <br /> which Barrower must pay a[� sums secured by th�s Security lnstrum�nt. If Barrower <br /> fails t� pay these sums privr to the expiration af this period, Lend�r may in�oke any <br /> remedies permitted by this Security Inst�-ument without further notice or demand �n <br /> �orrvwer. <br /> , <br /> Initials�. �:' <br /> Q�-899R ��5��} Page 4 of 5 <br />
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