Laserfiche WebLink
<br />r <br /> <br />84 _ DIU!' <br /> <br />E. TLUSPEa or PIOPftTY; ASSUMPTIOlt <br /> <br />The foUov11l1 Paraaraph 24 18 hereby adopted: <br /> <br />24. Tl'lIuafar of PropenYl A.....UOll. <br /> <br />lIIotv11:hata.u'1lI the pronaiou of ParaP'.ph 17 helleof. L...rsAl1 <br />option to accelarata uader par.,r.pltl7 U (l)prtor:toa.lb"-'.r,'"fl; <br />Bon_I' notUia. L.ad.r of the prapclMd tuu.enOll a.:'....tllj;.;:;, <br />li- allY info~tiOll it ..,. requeac in order to e~,'t:_:p, <br />the Property 18 beiDl .old or traufal'l'ecI. (2) Laadel' d.ti...." <br />diacreUon. that a..-peion of the loan by the P!l'OJIIIIIlI*""* <br />tra..fel'l'.. ",111 _et standard. of creclitvorthill... a. aecuntJt"~<~d <br />acceptable to 1t, which standard. .~l, iuofar a...,. be Plr&4t:t:caJ:'':'''''n,tW", <br />__ uadervriUoa standard. a. ara then appUed by ~ illc~~~i": <br />..inl a l1ev loan, (3) the p.r_ to w"- the Property i. to;1Mf:".~i:,o/OJ::'" <br />transferred e_cute. a writ tell a.alaption aP'e_t accept_ ill' ~t_ii~Jl; <br />L.ader, alre.. to pay: an .....,.UOIl fee which .Ull be ....1t;Cf ,tw:: <br />oriliDation, diacount and other feea, chargea and proc...iDa corta 'tihetI:'~, <br />chari" by Lencler 011 siallar n_ loan., and aP'." to aa illCUa8e;,ill':,""', <br />applicable ..1t~ inter..t rat.. .. provided bel_. and (4)ao ottler:,lIdau. <br />.nat uncl.r the Security In.tl'1ment or the Note. <br /> <br />Thh Paragraph 24 shall only apply to a sale or tra_fer COM_...pd,OI',to ' <br />conver.lon of the loan to fixed il1ter..t rate and pa,..nt under: P.~",lof:' <br />the Note. Upon an election of Borrower to convelrt to a fi'" 1''''''''' <br />pa","t. the provision of thb Paralraph 24 shall temillat. endeha1iL haW '.', <br />forc. and effect on any sale or tr....fer cona_tel!. thereaf:ter. Tlla~, <br />int.reet r.te provided ill Paralraph 4(b) of the Note shall be incr__b,"l <br />percent, conaecutively, for e_h aaauaption purauant to thie Parap:..ph 24. <br />Any such increaa. will be effective on the Urn Chanp Date follOliB.... <br />Leader's offer to approve the aasuaption if !Ouch tr.nsaction is thanuter <br />con_ted . <br /> <br /> <br />By signing this, 8orrower agrees to all of the above. <br /> <br />~J <br />'- ;/ <br />... ,- -.... -~-' , <br /> <br />~:f '/y HA Lewi~ <br /> <br />~?~ <br /> <br />(Borrower) <br /> <br />i"'ilrnl~n r. J {'\-.;iF. <br /> <br />. .~~" -/" . <br />\. ..{eL-] j {~;t 1("; ,J~r>.A'/!&J <br />(Bo"r_r) <br /> <br />, <br /> <br />TMC-oZ9 (qc) (Pale 2) <br />Rev 2/84 (CAP 5) <br />