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200401709
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Last modified
10/16/2011 12:43:57 PM
Creation date
10/20/2005 11:37:11 PM
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DEEDS
Inst Number
200401709
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200401709 <br />Loan Number: 6610000027 <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not <br />limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment <br />sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a <br />future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if <br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without <br />Lender's prior written consent, Lender may require immediate payment in full of all sums secured by <br />this Security Instrument. However, this option shall 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 information required by Lender to evaluate the intended transferee as if a new <br />loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security <br />will not be impaired by the loan assumption and that the risk of a breach of any covenant or <br />agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a <br />condition to Lender's consent to the loan assumption. Lender also may require the transferee to sign <br />an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the <br />promises and agreements made in the Note and in this Security 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 exercises the option to require immediate payment in full, Lender shall give <br />Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the <br />date the notice is given in accordance with Section 15 within which Borrower must pay all sums <br />secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of <br />this period, Lender may invoke any remedies permitted by this Security Instrument without further <br />notice or demand on Borrower. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Fixed /Adjustable <br />Rate Rider. <br />r'21 _1P-4(— e � Seal <br />�Ar E STAAB - Borrower <br />(Seal) <br />- Borrower <br />(Sign Original Only) <br />MULTISTATE FIXED /ADJUSTABLE RATE RIDER - One -Year Treasury Index - Single Family - Fannie Mae Uniform Instrument <br />Page 3 of 3 Fo 82 1101 <br />Borrower(s) Initials-- - <br />IDS, Inc., (800)554-1872 <br />
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