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9. ~ OBLIGATIO~S OF PERSO\S U'.~IDER TH1S NOTE
[f more than onc percon signs this Note, each person is fully and personaliy obligated to keep all of the promises
made in this Note, including the promise to pay the full amount o~ed. An~• person w•ho is a guarantor, suret~~, or endonec
of this Note is also obligated to do these things. An~• person w~ho takes over the obligations under this Note or an}• person
who takes over the obligations of a guarantor, surety, or endorser of this Note is also obligated to keep all of the promises
made ~n thi~ Note. The Notc Holder may entorce its rights under this Note against each person individuall~• or against all
otus together_ This means that any one of us may be rcquired to pay all of the amounts ow~ed under this Note.
10. WAIVERS
I and any other person w•ho has obligations under this Note waivc the rights of presentment and notice of dishonor.
"Praentment" means the right to require the Note Holder to demand payment of amounts due. "Notice of dishonor"
means the right to require the Note Holder to give notice that amounts due have not been paid.
11. THIS NOTE SECURED BY A SECURITY INSTRUMEhT
' In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of ?rust, or Deed to
Secure Dcbt (the "Security Instrument") with an Adjustable Rat~ Rider, dated the same day as this Note, protects the
Ir'ote Holder from possible lossa which might result if I do not keep the promises which I mak~ in this Note. That Security
Instrument and Rider describe how and under wha*. conditions I may be required to make immediate payment in full of all
amounts I owe under this Note. Some of those conditions are described as follows:
"Transfer of the Property or s Beneficial Interest in Bonower. If all or any part of the Property or
an interest therein is sold or transferred by Borrower (or it a beneficial interest in Borrower is sold or
transfened and Bonower is not a natural person or persons but is a corporation, partnership, trust or other
; legal entity) without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance
~ subordinate to this Security Instrument which' does not relate to a transfer of rights of occupancy in the
property, (b) the creation of a purchase money security interat for household appliances, (c) a transter b~~
i de~~ise, descent ur b~• operation of law• upon the death of a joint tenant or (d) the grant of an}• leasehold interest
' of three years or less not containing an option to purchase, Lender ma~•, at Lender's option, declare all the
sums secured by this Securit}• Instrument to be immediately due and payable.
~ If Lender exercises such option to accelerate, Lender shall mail Borrower notice ot accderation in ~
f ac~ordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 days trom :he
E dste the notice is mailed ~•ithin K hich Bonower may pay the sums declared due. If Borrower fails to pa~~ such
E sums prior to the expiration of such period, L,ender may, without further notice or demand on Borrower,
~ invoke any remedies permitted by paragraph 18 hereof:
~ L,ender may consent to a sale or transfer it: (l) Borrower causes to be submitted to Lender intormation
~ required by Lender to evaluate the transferce as if a new loan were being made to the transferee; (2) Lender
~ reasonably determines that Lender's security will not be impaired and that the risk of a breach of any
~ covenant or agrerment in this Security Instrument is acceptable; (3) interest is payable on the sums sxurod by
~ this Security Iastrument at a rate acceptable to Lender, (4) changes in the terms of the Note and this Security
~ Insirument required by Lender are made, including, for example, peiiodic adjustment in the interest rate, a _
~ diRerent finat payment date for the loan, and addition of unpaid interest to principal; and (S) thc transferee
signs an assumption agrcement that is acceptable to I.ender and that obligata the transferee to keep all the {
promises and agreements made in the Note and in this Security Instrument, as modificd if required by
r Lender. To the eztent permittod by applicable law, Lender also may charge a reasonable fee as a condition to
~ I.ender's consent to any sale or transfer.
Bortower w•ill continue to be ubligated under the Note and this Security Instrument unless Lrnder
~ releases Borrower in writing." y
Witness the hand(s) and seal(s) of the undersigned.
..s/ John H. Dulski ............................................(Seal)
John H. Dulski -eo.?~r
~ ..s/ Lorraine Dulski
; • (Seal)
IArraane Duj.skt .
•Borrw~e.
3 .(Seal)
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