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SO'. 003024 <br />VARIABLE RATE MORTGAGE (DEED OF TRUST) RIDER <br />WITH DUE -ON -SALE CLAUSE <br />In this rider the word "mortgage" means -deed of trust,"" deed to secure debt." or other term as appropriate to match the name of the document of <br />which this rider is a part. <br />The undersigned agree to the terms of this rider and agree to having it become a part of the mortgage riescribed below. If any language in this rider <br />conflicts with language in the mortgage, then the language in this rider will control. <br />Date of mortgage (and this rider): _��:1 %��s 1 ct , �) , c - <br />E r_ . . _ _ --_ -- . _. Amount of mortgage: 5___ `.. 00- . <br />- - -- - - - <br />Name of mortgagor(s) [Grantor(s) orTrustor(s)J: _,�. /_�_L I <br />Name of mortgagee (beneficiary): ___ ,�d Q__ - -4/'� // �� r'� <br />Brief description of the premises: f <br />The mortgage secures a home improvement retail installment contract with variable rate provisions. These provisions may vary the contract's <br />payments and the amount of interest secured by this mortgage. <br />if all or any part of the property or an interest in the property is sold or transferred by mortgagor without mortgagee's prior written consent. <br />mortgagee, at mortgagee's option, may require immediate payment in full of the entire amount due under the mortgage and home improvement <br />retail installment contract. Mortgagee, at mortgagee's option. may waive the right to declare the balance immediately due and may accept in writing <br />an assumption agreement executed by the person to whom the mortgagor is tranferring or selling the interest in the property. If mortgagee does <br />allow mortgagor's successor in interest to assume the obligation. mortgagor will be released from further obligation under this mortgage and the <br />home improvement retail installment contract. The following types of transfers will not give mortgagee the right to require immediate payment in full <br />(a) the creation of liens or other claims against the property which are inferior to this mortgage: <br />(b) a transfer of rights in household appliances to a person who provided the mortgagor with the money to buy these appliances in order <br />to protect that person against possible losses, <br />(c) a transfer of the land to surviving co- owners following the death of a co- owner. when the transfer is automatic according to taw: <br />(d) leasing the property for 3 years or less, so long as the lease does not include an option to buy. <br />(e) a transfer to mortgagors relative resulting from death of the mortgagor; <br />(f) a transfer where mortgagors spouse or children become owners of the property. <br />(g) a transfer to mortgagors spouse resulting from a divorce decree, separation agreement, or property settlement agreement. <br />Ih) a transfer into an :;:ter v vos tr:;st in which the mortg qor « ­ - emarns a beneficiary so long as there is no transfer of rights of <br />occupancy in ,he property <br />Vo'rtn <br />)_ . <br />witnl sss <br />State of /Y- <br />Countyof <br />ss. <br />Mortgagor <br />Mortgagor <br />On this ' { <br />_ .._ __.. day of _ _ _ ?9 ,? . before me personally appeared <br />and <br />N) rite known to be the person (or persons) described in raid who executer the corer or <br />i a . q instr ent, and ackno ledged that he (she or they) <br />executed the seine as his (her or their) tree rict and deed <br />d NOW" <br />N11M� <br />i <br />f Notary <br />�, rHrHt�r '.N UfriC�iNr, 1. c -!I. F: r;OPv f?t1F't �r,;ntr ikl�E fi GO; <br />3 t'+ <br />i ins'? <br />