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200300578
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200300578
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Last modified
10/15/2011 2:27:57 PM
Creation date
10/21/2005 3:53:13 PM
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DEEDS
Inst Number
200300578
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200300578. <br />(D) Limits on Interest Rate Changes <br />The interest rate 1 am required to pay at the feet Change Dale will not be greater than 13.125% or less than <br />5.000 %. Thereafter, my interest rate will ncvcr be increased or decreased on any single Change Date by more <br />than ONE percentage points 0.000 %) from the rate of interest I have been paying for the preceding 6 <br />months. My interest rate will never he greater than 13.125 %. <br />(F) Effective Date of Changes <br />My new interest rate will become effective on each Change Date. 1 will pay the amount of my new <br />monthly payment beginning on the first monthly payment date after the Change Date until the amount of my <br />monthly payment changes again. <br />(F) Notice of Changes <br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of <br />my monthly payment before the effective date of any change The notice will include information required by <br />law to be given to me and also the title and telephone number of a person who will answer any question I may <br />have regarding the notice. <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 18 of the Security instrument is amended to read as follows- <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section <br />18, "Interest in [tic Property" natlna any legal or beneficial interest in the Property, including, <br />but not limited lo, those beneficial interests transferred in a bond for deal, contract for deed, <br />installment .sales contract or escrow agnrnlcnt, 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 tansferaxd (or <br />if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) <br />without Lender's prior written consent, Lender may require inunediate payment in full of all <br />sutras secured by this Security Instrument. However, this option shall not be exercised by <br />Leader if such exercise is prohibited by Applicable Law. Lender also shall not exercise this <br />option if: (a) Borrower causes to be submitted to Lender information required by Lender to <br />evaluate the intended transferee as if a new loan were being made to the transferee; and (b) <br />Lender reasonably determines that Lender's security will not be impaired by the loan <br />assumption and that the risk of a breach of any covenant or agreement in this Security <br />Instrument is acceptable to Lender. <br />'lo 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 <br />to sign an assumption agreement that is acceptable to Lender and that obligates the transferee <br />to keep all the promises and agreements made in the Note and in this Security Instrument. <br />Borrower will continue to be obligated under the Note and this Security Instrument unless <br />Lender releases Borrower in 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 <br />from the date the notice is given in accordance with Section 15 within which Borrower must <br />pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security <br />Instrument without Rtther notice or demand on Borrower. <br />Borrower hides 4,"L <br />MmTTINTATF. AIU5rAXl.e N A E NII)FR- -]AXON 31 %-MONTH IN DEN (As K Sosr, BY FANNIE Nuuo Form 31361/0/ <br />N,,& F- 1, —Io—m Moe 11oi(mm I-- (Dare 2 of 1) <br />
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