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200908702
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Last modified
11/2/2009 12:43:36 PM
Creation date
11/2/2009 5:46:21 AM
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DEEDS
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200908702
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2oo9os~o~ <br />require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option shall not be exercised by Lender if such exercise is prohibited <br />by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes <br />to be submitted to Lender information required by Lender to evaluate the intended <br />transferee as if a new loan were being made to the transferee; and (b) Lender <br />reasonably determines that Lender's security will nat be impaired by the loan <br />assumption and that the risk of a breach of any covenant or agreement in this <br />Security Instrument is acceptable to Lender. <br />To the extent permitted by Applicable Law, Lender may charge a reasonable fee <br />as a condition to Lender's consent to the loan assumption. Lender may also require <br />the transferee to sign an assumption agreement that is acceptable to Lender and that <br />obligates the transferee to keep all the promises and agreements made in the Note <br />and in this Security Instrument. Borrower will continue to be obligated under the <br />Note and this Security Instrument unless Lender releases Bon'ower in writing. <br />If Lender exercises the option to require immediate payment in full, Lender shall <br />give Borrower notice of acceleration. The notice shall provide a period of not less <br />than 30 days from the date the notice is given in accordance with Section 15 within <br />which Borrower must pay all sums secured by this Security Instrument. If Borrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any <br />remedies permitted by this Security Instrument without further notice or demand on <br />Borrower. <br />0263624116 <br />MULTISTATE INITIAL INTEREST ADJUSTABLE RATE RIDER - 1-Year LIBOR Index <br />(Assumable after Initial Period) (45 Day Laokback) -Single Family - Form 5137 7105 <br />Freddie Mac UNIFORM INSTRUMENT VMP193R (0804)AO <br />VMP ® Page 4 f 5 <br />Wolters Kluwer Financial Services Initials: <br />
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