HomeMy WebLinkAbout0994 detetmines that Lerxier's security will not be it~aired
by the loan ass~mption u~d that the risk of a breach
of ard? covenant or agreenent in this Security
Instnanent is soceptable to Ler~der.
'lb the ~cte~t permitted by app~licable law, L~der
may charge a reasonable tee as a oor~dition to Lerder `s
consent to the lonn assu~ption. Lerxier ~nay also
require tt~e transferee to sign an assimption agreement
that is acceptable tc Ler~der ar~d that obligates the
transferee to keep all the promises ard agreements
rrade in the Note ar~d in this Secvrity Instrun~ent.
Borrower will continue tu be obligated ur~der the Note
and this Security Instrument unless Lender~ releases
Borrower in writir~g.
~ If Lerxler exerc ises the option to require
i~m~ediate payn~ent in full, I~er~der shall qive Borrower
notice of aoceleration. The notice shall provide a
period of not less than 30 days frcxn the date the
notice is deliv+ered or nailed within which Horrower
must pay all sta~s secured by this Security
Instrumer~t. If Bor rower fails to gay these suns prior
to the expiration of this period, Ler~der may inwke
any remedies permitted kyy this Security Instrument
without further notice or demar~d on Borrower.
D. EFf'FLTNEI~SS OF PFKyVISIOIZS
Upon Bor rower' s delivery of tt~e executed modif ication ta the Note,
Section A above shall cease to be eff~ctive.
BY SIC~ING BELOW, Borrowe~-ac ts and agrees• to the terms and
cavenants contained in this O~nveitible ARt~~i,der. _
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NORN~N H . ~vEIMAP3~1 - BORFtOWER
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7 C. WEIl~F~NI~ - BOR~X~.R
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