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VARIABLE RATE MORTGAGE (DEED OF TRUST) RIDER 85 -�QO�t 4� <br />WITH DUE -ON -SALE CLAUSE i <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 becomes part of the mortgage described 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 Y1 P f 1rfg$/� T^ Amount of mortgage: $�1 ,3Y_0. <br />Name of mortgagor(s) [Grantor(s) or Trustor(s)]: <br />Name of mortgagee (beneficiary)_�fC,t__ _G <br />Brief description of the premises:n(�& <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 wa ive the right to declare the balance immediately d ue 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 mortgagors 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 interior to this mortgage: <br />(b) a transfer of rights in household appliances to a person who provided the mortgagor with the money to buy thesa 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 law; <br />(d) leasing the properly for3 years or less, so long as the lease does not include an option to buy; <br />(e) a transfer to mortgagor's relative resulting from death of the mortgagor: <br />(f) a transfer where mortgagor's spouse or children become owners of the property: <br />(g) a transfer to mortgagor's spouse resulting from a divorce decree, separation agreement, or property settlement agreement; <br />(h) a transfer into an :;:;er vlvos tn:sf in which the mo"oAgor it pnd remains a beneficiary, so long as there is no transfer of rights of <br />/�ccupancy in the property. <br />C U oState of 45, <br />S5: <br />County of --- - - ---- <br />Mortgagor <br />A �t <br />Mortgagor ' -- <br />On this .- _ -!.2- .__. day of 199f%G , before me personally appeareC <br />.. _. !-.1aid-- _C. V�r.c�s ._ and .0 -a r9 69 <br />to me known to be the person (or persons) described in and who executed the foregoing instrument. and acknowledged <br />executed the same as his (her or their) free act and deed, that he (she or Oieyl <br />f blic <br />WS' j iCX 5 - ®A w . fir <br />D5.5 rR1 'ttf,).y C)RI �'iNAl - 611 -f. -.;1P♦ fHJf't.tC ,F p C()VY \iI N <br />my Ceara E$ JEL A 1M1 <br />' 1 <br />