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85000222
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85000222
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Last modified
10/17/2011 3:30:16 PM
Creation date
4/1/2008 3:44:13 PM
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DEEDS
Inst Number
85000222
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�S-vc� o �2vZ <br />8. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />Uniform Covenant 17 of the Security Instrument is amended to read as follows: <br />Trainder of the or a DeneftM hitterest in Dwrower. If all or any part of the Property or apayliatevist in tuts, <br />or trans (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural <br />prior written consent, Lender may, at its option, require immediate payment in full of all sums secure &by tubs <br />Sic <br />However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of ibis Sicttrty i <br />Lender also sill not exercise this option if: (a) Borrower causes to be submitted to Lender in& mbtt m regwe d"byi # <br />the intended transferee a as if anew loan were being made to the transferee; and (b) Lender reasonalitydoterrahm <br />will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreentimt in tins <br />is acceptable to Lender. <br />To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's to the <br />assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender, and that <br />the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will " <br />be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of The <br />notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which -Borrower tmist-, <br />poly all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, <br />may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate <br />FA <br />
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