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201100260
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Last modified
1/13/2011 2:15:19 PM
Creation date
1/13/2011 2:15:16 PM
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DEEDS
Inst Number
201100260
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2011002b0 <br />EXHIBIT B-II <br />MODIFICATTONS TU INSTRUMENT <br />(Modification to Transfer Provision — Death of Key Px7incipal) <br />The following rnadifications are made ta the text of the Instrument that precedes this <br />Exhibit: <br />1. S�tion 21(a)('n is hereby deleted in its entirety and the following is inscrt�d in <br />lieu thcreof: <br />"(7) if Key Principal is a natural person, the death af suah individual unless (i) Lender <br />is notified in writing within 90 days after such individual's death and (ii) such individual <br />is replaced, if required by Lender, with an individual or entity acceptabl� tv Lender, in <br />accardance with the provisions af Section 21(c) hereof, within 180 days after such <br />individual's death (thc "Replacement Period"). Natwithstanding the foregoing, the <br />Replacement Period may be extended, at Lender's discretion, for a period not to exceed <br />185 days fram the l�st day af the initial Replacement Period (the "Extended Replacement <br />Period"), provided: <br />(Tj Borrower, if required by Lender, either (i) z�places the current praperty <br />mana$er with a property manager reasonably acceptable ta Lender, or, (ii} �ngages <br />a pxoperty mana�er reasvnably acccptable ta Lender if a property manager has not <br />been previou,sly en$aged; and/or <br />(TT) Borrower (and the property manager), if required by Lender, institutes a <br />lockbox or cash managemont arrangemont reasanably acceptable to Lender during <br />the Extended Replaccmcnt Periad. <br />No property inspection shall be reqwired and the 1% transfer fee will not be charged :f the <br />foregoing requirements ar� timely satisfied;" <br />2, All capitalized tem�s used in this Exhibit not specifically defined herein shall have <br />the meanings set farth in the text af the Instntment that precedes this F,..achibit. <br />Bo�owER�s nvrTr,�,s:,,d,� <br />Modificationa to lnatrument Farm aQ95 11/Q9 Page 3-1l-J <br />Modiflcation to Transfer Provision — Death oP Key Principal <br />� 2009 Fannie Mae <br />
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