Laserfiche WebLink
<br />. . <br /> <br />200509533 <br /> <br />DOC ID #: 00011109346309005 <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if a <br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without <br />Lender's prior written consent, Lender may require immediate payment in full of all sums secured by <br />this Security Instrument. However, this option shall not be exercised by Lender if such exercise is <br />prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be <br />submitted to Lender information required by Lender to evaluate the intended transferee a" if a new <br />loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security <br />will not be impaired by the loan assumption and that the risk of a breach of any covenant or <br />agreement in this Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a rea"onable fee a" a condition <br />to Lender's consent to the loan assumption. Lender may also require the transferee to sign an <br />assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the <br />promises and agreements made in the Note and in this Security Instrument. Borrower will continue 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 <br />notice of acceleration. The notice shall provide a period of not less than 30 days from the date the <br />notice is given in accordance with Section 15 within which Borrower must pay all sums secured by <br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, <br />Lender may invoke any remedies permitted by this Security Instrument without further notice or <br />demand on Borrower. <br /> <br /> <br />and covenants contained in this <br /> <br />(Seal) <br /> <br />- Borrower <br /> <br />(Seal) <br /> <br />- Borrower <br /> <br />(Seal) <br /> <br />- Borrower <br /> <br />(Seal) <br />- Borrower <br /> <br />CONV <br />. Be - ARM Rider <br />2U193.XX (01/01) <br /> <br />Page 3 of 3 <br />