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201702305
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Last modified
4/12/2017 4:08:54 PM
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4/12/2017 4:08:53 PM
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DEEDS
Inst Number
201702305
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201 702305 <br />in the Property, including, but not limited to, those beneficial interests <br />transferred in a bond for deed, contract for deed, installment sales contract <br />or escrow agreement, the intent of which is the transfer of title by <br />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 <br />in Borrower is sold or transferred) without Lender's prior written consent, <br />Lender may require immediate payment in full of all sums secured by this <br />Security Instrument. However, this option shall not be exercised by Lender <br />if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of <br />acceleration. The notice shall provide a period of not Tess than 30 days <br />from the date the notice is given in accordance with Section 15 within <br />which Borrower must pay all sums secured by this Security Instrument. if <br />Borrower fails to pay these sums prior to the expiration of this period, <br />Lender may invoke any remedies permitted by this Security Instrument <br />without further notice or demand on Borrower. <br />2. When Borrower's initial fixed interest rate changes to an adjustable interest rate <br />under the terms stated in Section A above, Uniform Covenant 18 of the Security <br />Instrument described in Section B1 above shall then cease to be in effect, and the <br />provisions of Uniform Covenant 18 of the Security Instrument shall be amended to <br />read as follows: <br />Transferof the Propertyor a Beneficiallnterest in Borrower. As used in this <br />Section 18, "Interest in the Property" means any legal or beneficial interest <br />in the Property, including, but not limited to, those beneficial interests <br />transferred in a bond for deed, contract for deed, installment sales contract <br />or escrow agreement, the intent of which is the transfer of title by <br />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 <br />in Borrower is sold or transferred) without Lender's prior written consent, <br />Lender may require immediate payment in full of all sums secured by this <br />Security Instrument. However, this option shall not be exercised by Lender <br />if such exercise is prohibited by Applicable Law. Lender also shall not <br />exercise this option if: (a) Borrower causes to be submitted to Lender <br />information required by Lender to evaluate the intended transferee as if a <br />new loan were being made to the transferee; and (b) Lender reasonably <br />MULTISTATE FIXED /ADJUSTABLE RATE RIDER -WSJ One -Year LIBOR - Single Family- Fannie <br />Mae Uniform Instrument Form 3187 6/01 (rev. 6/16) <br />Bankers SystemsTM VMP VMP168R (1607).00 <br />Wolters Kluwer Financial Services III I I II III � II I IIII II I III I II II I VIII I II III I III Page 3 of 5 <br />Ig033�3 666616 0413 479 0305 <br />
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