HomeMy WebLinkAbout0955 B. TRAN8FER OF TWE PROPERTY OR A 6ENEFICIAL INT~RE8T IN BORR0INER
Unifom~ covsnant t 7 of t~?e 3ecurtty InstrumMt is am~nd~d to nad u folbwr
Ttsastsr of tM prop~q/ ot i!~ Inb~wt M~at+owK. If ati or any~ paM of ths Propsrty or any
interest in it is aold or tnnsfsrrsd (or H a b~n~fic~al int~st M 8orrorwr i~ ~old a tnrafemed and Borrower is ~ot a
~aturai p~?wn~ without lendsrs prbr w~itt~n o0na~nt f.~nd~~ m~x ~t ib opNo~ requiro Immediate payment in fuil
of all suma secured by th{s S~curity Instn~nt HowwK. this optior? shaN t~ot bs sxsrcis~d by ~ender M exsrcise ls
prohibited by fedarai law u ot ths dats of this 8acurity Instrumsnt Lende~ also shatl nat exerclse Ihiet option ifi (a~
8onower causea to bs wbmittsd to lender fMormaUa~ roquirod by Lender ta evalwts ths intended transfsree a~
if a new toan wero beln~ made to th~ tnnatero« a~d (q L~r roaaonaby dstermines that Lendera secu~ity wfll
not be impaired by the loan aasumptio~ and that ths rbk of a broaCh of any Covsnant or a~reemsnt in this Security
Instrument ia accaptable to Ler?der. .
To tha extent permitted by a~piicabl~ law~ Le~ ~nay charps a roasonabb fse as a condition to Lenders
consent to the loa~ aswmptlori Lende~ may al~o nqWn th~ transfaro~ to sipn an aasumpiion a~reeme~t that is in
acceptable to Leruier and that oblipates Me trarut~ros to ks~p al! ths promfs~s snd a~roementa made in the Note
and in this Secu~ity Ins4rument 8orrowar wifi condn~ to bt oblipated under the Note and thls Secu~ity Instrument
unless Lender rateasss 8orrowsr in wriHnq.
If Lender exsrcises t1~e option to roquiro immediat~ payment in ful~ lsnde~ shall 9ive bonower ~otice of
acceleration The nAtice shafl provide a ps~iod d ~ot bss than 30 tlajra lrom the date ths notiCe is delivered or
mailed with(n which bonower must pay ail wms securod by this Security Inst?ument if borrower fails to pay these
sums prior to the expiratbn of this psriod, Lsnder may iiwoks any romedbs pem~ittsd by Mis Security Inat~rument
without fuKher notice o~ demand on BoROwec
BY SIGNING BELOW. 8onower aa:epts and agroes to tsrms and covenanta contained in thia
Adjustable Rate Rider.
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~ . PATRICIA S. P UISOI~1 •eanower
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CNELSEA TITIE CO~~'~
~ BOOK 501 PACE 7~V
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