84003195 - Laserfiche WebLink

Browse

I 84-- 003195 E . TRANSFER OF PROPERTY; ASSUMPTION The following Paragraph 24 is hereby adopted: r- 24. Transfer of Property; Assumption. Notwithstanding the provisions of Paragraph 17 hereof, option to accelerat<!under Paragraph: 17 if (l)prior .to Borrower notifies Lender of the proposed- .transaction -a~- given any infonnation it may request in ord~r. toevaluat<f the Property is being sold or transferred. (2}Lender diseretion, that assumption of the loan by the transferree will meet standards of creditworthiness acceptable to it, which standards shall, insofar as sallie underwriting standards as are then applied making a new loan, (3) the person to wholll the transferred executes a writ ten assumption agreelllentaccepted Lender. agrees to pay an assumption fee which shall be" origination, discount and other fees, charges and processing charged by Lender on aimilar new loans, and agrees to "an applicable maxilllUlll interest raresas provided below, and. (4) exist under rhe Security Instrument or the Note. This Paragraph 24 shall only apply to a aale or transfer conversion of the loan to fixed interest rate and payment under the Note. Upon an election of Borrower to convert to payment. the provisions of this Paragraph 24 shall terminate and forc~ and effec;.t Qn any sa.le or transfer consununat:ed- th(!reat-.ter-'.. interest rate provided in Paragraph 4(b) of the Note shall be percent, consecutively. for each aSllumption pursuant to this Any such increase will be effective on the first Change Date, Lender's offer to approve the assumption if such transaction Is consullllIlated. ;:(lh;:::yt ~ (Borrower) By signing this. Borrower agrees to all of the above. if' .::.=? . c) ??;) , /./i~M<~(/~.c:/.:;..;:r.- <._1 ~!"\ i.... )7J)., tlJLLl~V /l 0 ;r>''i i~'i)V I r1\~ \ ,'~ """L-"l\\;, ( orrower) : (.,rl:'c-fi{' i..;' S_\C~~~'it~ '\......,/ ~ TMC-029 (qc) (PaK" 2) Rev 2/84 (CAP S)