201700804 - Laserfiche WebLink

Browse

2� 17��8�4 B. TRANSFER �F THE PR4PERTY ❑R A BENEFIG�AL ��TEREST �N BDRR�INER Unifa�m �a�enant �8 ❑f the ��curity �nstrument is amended t� read as fallows. Transfer of the Property or a Senef��ai Interest in Borrower. As used in this Section �8, "[nterest in the Prap�rty" rr�eans any lega� or henefic�a� interest in the Property, inc[uding, but n�t limited to, thvs� beneficia� interests transferred in a band for deed, contract for deed, insta[�m�nt sales contract ar escrow agreement, the intent vf Wn��n is the transfer vf tit�e by B�rrowe� at a futur� date to a purchas�r. If all �r any part of th� Property a� any Inte�est in the Property is so�� ar transferred �ar �f a Borrower is not a natural persan and a beneficia� inte�est in Borrower is sold ar transferred} withvut Lender's priar written ca�s�nt, Lender may require immed�ate payment in fu�l af al1 sums secured by th�s Security �nstrument, Howe�er, this option shall not be exerc�sed by Ler�der if such exercise is p�ohibited by Applicab�e Law. L�n�er also shal! n�t exerc�se this optivn if: �a� Barrower causes ta b� submitted tv Lender information required by Lender to e�aluate tne intended transfe�ee as if a n�w �oan w�re being made to th� transferee; and �b} Lender reasvnab�y determines that Lender's security wi�1 nvt be impaire� 1�y the laan assu�pt�on and that the ri�k af a ��ach of any c��enant o� agreement in this Secu��ty �nstrum�nt is aceeptab�� tv Lender. To the extent permitted by Applicab�e Law, Lende� may charge a reasanable fee as a c�nditian t� Lender's consent t❑ the loan assumptivn. Lender a�sa may require the transferee to s�gn an assumptian agreement that is ac�eptable t❑ Lender and that obligat�s the t�ansferee to keep all the pram�ses and a��eem�nts rnad� in the �ote and �n this �ecurity [nstrument. Bvr�awer wi�� cvntinu� tfl be obi�gat�d under the Nate and th�s Securi�y �nstrument unless Lender re�eas�s Borrower in writing. If Lender exercises the aption to requ�re �mmediate payment in fu!!, Lender sha�� g�� 3orrawer natice of accelerativn. The notice shal� pro�ide a periad of nnt �ess tnan 3� days fr�m the date th� notice �s g�ven in accvrdance with Section 15 within vvhich Barrower must pay all sums secured by th�s Security Instrument. [f Borrower fa��s to pay these sums prior ta the expirat�on of th�s period, Lender may invake any remedi�s permitted by this Secu�ity �nstrument withvut furth�r nvtice �r demand on B�rrower. � lnitials: _ �-899R ��51�} Page 4 af 5 ...f �