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201001934
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201001934
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Last modified
3/24/2010 2:01:54 PM
Creation date
3/24/2010 2:01:53 PM
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DEEDS
Inst Number
201001934
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201001934 <br />v~ x # soaeasala <br />of interest f have been paying for the preceding la month(s). My interest rate will <br />never be greater than 9. ooo~ which is called the °Maximum Date." <br />(E) Effective Date of Changes <br />My new interest rate will become effective an each Change Date. I will pay the <br />amount of my new monthly payment beginning an the first monthly payment date after <br />the Change Date until the amount of my monthly payment changes again. <br />((~~ Notice of Changes <br />'TFie Note Holder rnn-Ifdeliver or mail to me a notice of any changes in my initial fixed <br />interest rate to an adjustable interest rate and of any changes in my adjustable interest <br />rate before the effective date of any change. The notice will include the amount of my <br />monthly payment, any irrforrnation required by law to be given to me and also the title <br />and telephone number of a person who will answer any question I may have regarding <br />the notice. <br />B. TRANSFER OP THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br />1. Until Barrowel's initial toted interest rat®changes to an adjustable intarest rate under <br />the terms stated in Section A above, Uniform Covenant 18 of the Security Instrument shall <br />read as follows: <br />transfer of the Property ar a Beneficial Interest in Borrower. As used in <br />this Section 18, "Interest in a Property" means arty legal or beneficial interest <br />in the Property, including, but not limited to, those beneficial interests transferred <br />in a brand for deed, contract far deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Borrower at a future date <br />to a purchaser. <br />If all or any part of the Property ar arry Interest in the Property is sold or <br />transferred (or if F3arrawer is not a natural person and a beneficial interest in <br />Borrnwer is sold nr transferred) without Lender's prior written consent, Lender <br />may require immediate paymerrt in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender rf such <br />exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of <br />acceleration. The notice shall provide a period of not less than 30 days from the <br />date the notice is given in accordance with Section 15 within which Borrower <br />must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may irnoke any <br />remedies permitted by this Security I nstrument without further notice or demand <br />on Harrower. <br />2. When Borrowers initial fixed interest rate changes to an adjustable interest rate <br />under the terms stated in Section A above, Uniform Covenant 18 of the Security <br />Instrument described in Section B1 above shall then cease to be in effect, and the <br />provisions of Uniform Covenant 18 of the Security Instrument shall be amended to read <br />as follows: <br />Transfer of the Property ar a Beneficial Interest in Borrower. As used in <br />this Section 18, "Interest in the property" means any legal or beneficial interest <br />in the Property, including, but oat limited m, those berieticial irrtereststrarisferred <br />in a borxt for deed, contract far deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Borrower at a future date <br />th a purohaser. <br />If all or any part of the Property or any Interest in the Property is sold ar <br />transferred (or - Borrower is not a natural person and a beneficial interest in <br />Harrower is sold ar transferred) without Lender's prior written consent, Lender <br />may require immediate payment in full of all sums secured by this Securittyy <br />Instrument. However, this option shall not be exercised by Lender if sucFi <br />exercise is prohibited by Applicable Law. Lender also shall not exercise this <br />option if: (a) BarrowercaLises to be submitted to Lender information required by <br />Lender to evaluate the intended transferee as 'rf a new loan were being made to <br />the transferee; and (6 Lender reasonably determines that Lender's security will <br />not be impaired by a loan assumption and that the risk of a breach of any <br />covenant or agreement m this Security Inshvmertt is acceptable to Lender. <br />MULT~TATE FpIEO/ApJUSTASI.E PATE RIPER-WSJ O11FYaK LIBOR-O' gle Fan~yfa~pN~ M~ U Mapu <br />Porm81l176/Ot I171liay.>ss <br />~2D01-20070n1ina0xumorrte,lnc. PAg6 a Gt 3 F"S187gd 07 <br />03-o9-a010 9:39 <br />
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