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200608477
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200608477
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Last modified
9/21/2006 4:22:03 PM
Creation date
9/21/2006 4:22:02 PM
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DEEDS
Inst Number
200608477
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<br />200608477 <br /> <br />If all or any part of the Property or any Interest in the Property is sold or transferred (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 immediate payment in full of all <br />sums secured by this Security Instrument. However, this option shall not be exercised by <br />Lender 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 />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 <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 further notice or demand on Borrower. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this <br />Fixed/Adjustable Rate Rider. <br /> <br />BRMN:2Jt- <br /> <br />J'uUiL L ~ <br /> <br />(Seal) <br /> <br />-Borrower <br /> <br />(Seal) <br /> <br />TRICIA K. KOKES <br /> <br />-Borrower <br /> <br />(Seal) <br /> <br />-Borrower <br /> <br />MULTlSTATE FIXED/ADJUSTABLE RATE RIDER--WSJ Six-Month LmOR--Single Family <br /> <br />(page 3 of 3) <br /> <br />11111111111111111111111111111111111111111111111 11111111 <br />
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