Laserfiche WebLink
20050`)951 <br />DOC ID #: 0009051254203005 <br />These Payment Options are only applicable if they are greater than the Minimum Payment. <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Section 18 of the Security Instrument entitled "Transfer of the Property or a Beneficial Interest in <br />Borrower" is amended to read as follows: this Section 18, <br />Transfer of the Property or a BeneI oorabeneinterest <br />fi cal interest inuthe Property, I includ including, but not <br />"Interest in the Property" means any legal <br />limited to, those beneficial interests transferred in sbheltransdfeeof titlet installment sales <br />by Borrowers at a future date to <br />contract or escrow agreement, the intent of which <br />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 iat payment) n full of ofrall transferred) without by <br />Lender's prior written consent, Lender may require <br />se is <br />this Security Instrument. However, this option <br />shallshall <br />exer be th is exercised <br />opt on f: (a) Borrower causes Ito be <br />prohibited by Applicable Law. Lender also <br />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 that r sklyofeaerbreacht oft any dcovenantrlor <br />will not be impaired by the loan assumption <br />agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee a a condition to <br />transferee <br />Lender's consent to the loan assumptio o L enderand h at obligates the transfereeo keep) ail the <br />assumption agreement that is acceptable <br />promises and agreements made in the Note <br />Indd in this unless Lender releasesrBorrowelr n writing.to <br />be obligated under the Note and this Se y lte payment in full, Lender shall gve Borrower <br />If Lender exercises the option to require provide a period of not less than 30 days from Ithe date he <br />notice of acceleration. The notice <br />notice is given in accordance with Section 15 within which Borrower must pay all sums secure by <br />• PayOption MTA ARM Rider Page 5 of 6 <br />1 E310 -XX (12/04) <br />