My WebLink
|
Help
|
About
|
Sign Out
Browse
200606069
LFImages
>
Deeds
>
Deeds By Year
>
2006
>
200606069
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/7/2006 4:30:04 PM
Creation date
7/7/2006 4:30:02 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200606069
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />200606069 <br /> <br />Loan Number:9631556292 <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those bendicial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer oftitle by 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 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 requirc immediate payment in full of all sums secured by this <br />Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited <br />by Applicable Law. Assumable _Yes _X_No <br />If Lender exercises this option, Lender shall give Horrower notice of acceleration. The notiec <br />shall provide a period of not less than 30 days from the date the notice is given in accordance with <br />Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Horrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted <br />by this Security Instrument without further notice or dcmand on Borrower. <br />2. When Borrower's initial fixed intcrest rate changes to an adjustable interest rate under the terms stated in <br />Section A above, Uniform Covenant 18 ofthe Security Instrument described in Section BI above shall then cease to be in <br />dfect, and the provisions of Uniform Covenant 18 of the Security Instrument shall be amended to read as follows: <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Intcrest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those bencticial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer oftitle by 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 transferred (or if <br />Horrower 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 this <br />Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited <br />by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to <br />Lender information required by Lender to evaluate the intended transferee as if a new loan were being <br />made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired <br />by the loan assumption and that the risk of a breach of any covenant or agrcement in this Security <br />Instrument is acceptable to Lender. <br /> <br />Revised for First Indiana Bank~~187~ <br />Page 3 of 4 Initials: . <br />
The URL can be used to link to this page
Your browser does not support the video tag.