201700180 - Laserfiche WebLink

Browse

2� 17�� 18� B. TRANSFER �]F THE PRC)PERTY C]R A BENEFI��AL INTEREST 1N B�RRD'UlrER Unifarm Co�enant �8 of the Security �n�trument �s am�nded ta read as follows: Transfer of the Prvperty �� a Beneficia[ Interest in Bvrrower. As used �n this Sectian �8, "lnterest in the P�operty" means any fegal or benefic�al interest ir� th� Property, including, but not [�mited to, those benefic�al int�rests tranSferred in a bQnd f�r de�d, contract for deed, instalCment sales cantract vr escr�w agr�ement, the intent of wh�ch is the transfe� of titfe by Bv�rvwer at a future date to a purchaser. �f af� or any part of the Property vr any lnterest �n the Prope�ty is so�d �r transf�rr�d �o� if a Barrower is not a natural person and a beneficiaf interest in Svrr�wer is s��d or transferred} w�thout Lender's pr�or written consent, Lender may require immediate payment in full of a�l sums secured by this Security �nstrument. �awe�er, this �ption sha�[ not be ex�rcised by Lender if su�h exercise is prahibited by Applicable Law. Lender alsa sna�� not exer�ise this opt�an if: �a� Borrawer causes to be submitted tv Lender infarmat�an required �y Lender to e�a�uate the intended transf�ree as if a new �aan were being made tc� the transferee; and 4b} L�nder reas�nab�y determ'rn�s that Lend�r'� security wi�� nat be impaired by the [oan assumption and that the r�sk vf a breach of any co�enant vr a�reement in this Secur�ty Instrument is accepta�a[e ta Lend�r. T� the extent permitted by App�icable Law, Lender may charge a reasonable fee as a condition t� Lender's c�nsent to the loan assumptian. Lender a�sa may �equire the transfer�e to s�gn an assumption agreement that is acceptab�e tv Lender and that ob�igates the transferee to keep a�� the promises and agre��ents made �n the Note and in this Security �nst�ument. Borrower will continue to be obligated under th� Note and this Secur�ty lnstrument unless Lender �e�eas�s Borrvwer in wr�tin�. If Lende� exercises the optian t� requir� immediate payment in fu�l, Lende�- shall gi�e Borrower nvtice of a�ce��ration. The natice sha�� pro�ide a period of not less than 3� days from the date the notice is gi�en in acco�dance with Sectivn 15 within wnich Borrower must pay a�� sums secured by this Security �nstrument. lf B��rower fai[s ta pay these sums priar t� the �xpiratian of th'rs perivd, Lender may �n�ok� any rem�di�s permitted by this Secur�ty lnstrument without fu�ther not�ce or demand on Barrower. �nitiafs: �� Q��899R ��51�} Page 4 of � t �