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200700269
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Last modified
1/10/2007 4:47:05 PM
Creation date
1/10/2007 4:47:03 PM
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DEEDS
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200700269
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<br />. <br /> <br />. <br /> <br />200700269 <br /> <br />a future date to a purchaser. <br /> <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person <br />and a beneficial interest in Borrower is sold or transferred) without lender's prior written consent, lender may require immediate <br />payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by lender if such <br />exercise is prohibited by Applicable law. <br /> <br />If lender exercises this option, lender shall give Borrower notice of acceleration. The notice shall provide a period of not <br />less than 30 days from the 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 this period, lender may invoke <br />any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br /> <br />2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms stated in Section A above, and <br />until Borrower exercises the Conversion Option under the conditions stated in Section B above, Uniform Covenant 18 of the Security <br />Instrument described in Section Cl above shall then cease to be in effect, and the provisions of the Uniform Covenant 18 of the Security <br />Instrument shall be amended to read as follows: <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means <br />any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for <br />deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at <br />a future date to a purchaser. <br /> <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person <br />and a beneficial interest in Borrower is sold or transferred) without lender's prior written consent, lender may require immediate <br />payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by lender if such <br />exercise is prohibited 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 made to the transferee; <br />and (b) lender reasonably determines that lender's security will not be impaired by the loan assumption and that the risk of a <br />breach of any covenant or agreement in this Security Instrument is acceptable to lender. <br /> <br />To the extent permitted by Applicable law, lender may charge a reasonable fee as a condition to Lender's consent to the <br />loan assumption. lender may also require the transferee to sign an assumption agreement that is acceptable to lender and that <br />obligates the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will <br />continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. <br /> <br />If lender exercises the option to require immediate payment in full, lender shall give Borrower notice of acceleration. The <br />notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within <br />which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the <br />expiration of this period, lender may invoke any remedies permitted by this Security Instrument without further notice or demand <br />on Borrower. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Fixed/Adjustable Rate Rider. <br /> <br />PAY TO THE ORDER OF TIERONE BANK, <br />WITHOUT RECOURSE. <br /> <br /> <br />(Seal) <br />Mcintyre - Borrower <br /> <br />BY: <br />Ke <br />/ <br /> <br /> <br />/-~ <br />-- <br /> <br />.-7/;1 r ~ (Seal) <br />Gerri lefntyre - Borrower <br /> <br />President <br /> <br />MULTISTATE FIXED/ADJUSTABLE RATE RIDER ONE--YEAR TREASURY INDEX CONVERTIBLE..Single Femily-Fannie M.... Uniform Ins\lument <br /> <br />Pege 3 of 3 <br /> <br />Form 3183 1101 <br />
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