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85000223
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Last modified
10/17/2011 3:30:51 PM
Creation date
4/1/2008 3:44:15 PM
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DEEDS
Inst Number
85000223
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B. 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 />I <br />Transfer of the Property or a BewMW Intered in Borrower. If all or any part of the Property or any interest in it is sold <br />or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without `s <br />prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security E" <br />However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date eof this Security I <br />Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Undertc, x <br />the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably deminines that <br />wiil not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Sacttrity:E' <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 consent to the,loan <br />assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Leader send that obligates <br />the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will to <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 acceleration. The <br />s <br />notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must <br />pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,' Lender <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 Rider. <br />%7 <br />(SOW) <br />Alvin A. Borer <br />(Sew) <br />Judy Bo , <br />PIMP <br />isAir 0f9VW Ordr1 <br />N <br />Cl) N <br />N <br />ti <br />1 <br />t'i ^ <br />N � <br />rt <br />G <br />® . _ <br />. <br />.. <br />ll: <br />3 t k� <br />V <br />C <br />N V <br />CR7 <br />K <br />Iz- <br />
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