HomeMy WebLinkAbout0943 B. TRAN8FER OF THE PROPEIiTY OR A BENEFICIAL INTERE8T IN BORROWER
Unfform covenant 17 of the Secu~ity Inatn~m~nt is amer~ded to ro~d aa fdlow~
Transf~? of tho pwpsrt~ or i 9~n~ Inbn~t In sotrow~~. If all or any pa~t of the Property or any
inte~est in it ia sold or transfaRSt! (or N a b~neNdsi int~rsst in 8onrowe? is soid or tnnafeRed and Borrower ia not a
natural peraor~ without Lendsrs prior wrttten conaent L~ndsr rrNy. ~t ib optio~ requfro immadiate payment in tull
of au sums secured by this Security Instrument Howsvsr~ thfs opilon shall not be sxs~lasd by Lender H exeroise is
prohibited by federal law as of the date of Mis Security Instn~rnsnt Lender aiso ahall not exercise this option (a)
8orrower causes to be submiried to Lender I~formaNon rsqulrod by Lsnde~ to evaluate the Inte~ded tranaferee as
if a ne+iv loan were beinfl made to ths trana~sreeS and (bl Lender restonabty determines that lenders aecurity will
not be impaired by the loan aasumptbn and that tt~e ~isk of a brsach of any covenant or a~reement in this Security
Inatrument is acceptable to Lender.
To the extent permitted by appllcaWe IarK Le~der may char~pe a resaonable fee as a condition to Lenders
consent ta the loan aasumptbR Lendst may also require ths t~nsferos to aiqn an sssumption aQreement that ia in t
acceptable to Lender and that oblipates the tnnMsrse to kesp all ths promises and aqrs~+i~d~~:a made in the Note
andinthisSecuritylnstrume~t 8orrowerwillcontinustobeobli~atedu~dartheNotsandthiaSecuritylnatrument
unleas Lender releaaea Bonower in writir~
If Lender exerciaes the option to rsquiro immediate psyment in ful~ Lender ahait flive boROwer notice of
acceleration. The notice shall provide a period of not leas tha~ 30 daya from the date the notice is delivered or
mailed within which borrowe~ must pay ali sums securod by this Secu~ity Instrument If borrower fails to pay these
aums prior to the expiration of thts period Lender may invoke any remedies permitted by thia Secu~ity inatrument
without further notice o~ demand on 8orrower.
BY SIGNING BELOW. Borrower accepta and aqrees to rms and covenants contained in this
Adjustable Rate Rider.
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