HomeMy WebLinkAbout0956 B. TRAN8FER OF THE PROPERTY OR A BENEFICIAL INTERE8T IN BORROWER
Unifornn covenant 17 of the Security instrumsnt Is am~ndsd to road aa fdlawrr ~ ~
Tnnsf~r ot tM propsrt~r or a 9~n~ficiN InbrMt in Borreriwr. If all or any~ pan oi ti~a Prc~erty or any
interest in it is snid or tn~nsfaRSd (or if a bensticl~l int~st in Borrow~sr b aold or tnnsferrsd end Borrowe~ ia ~ot a
natural perso~ without yende~s prlOr wrttten Cotn~tt l~nder may~ at Its option~ requiro immediate payment (n full
oi all sums secured by thls Sscu~ity instrument However. t~is optio~,thaN npt be exercised by Lender H exercise ia
prohibited by federel law as of the d~te of this 3ecurity lnstrument Lsnds~ aiso shall not exercise th{s option it (a)
Bonower causea to bs submitted to Landsr fnformation requirod by Lsndar to evaluate the intended transferee aa
if a new losn were bein~ made to the tra~stero« a~d (b? Lender roaaonably deternninea that tenders secuhty will
not be impaired by the loan aasumptio~ a~nd that ths Nsk d a bre~ch of any covenant or a~reement in this Sacurity
Instrument is acceptable to Lender.
To the extent permNted by applicabis IavK lender may charps a roaaonabls fsa as a condition to Lenders
consent to the loan assumptioR Lend~ may also roquiro the tnnsfsro~ to siyn an assurr~tion ayreement that is in
acceptable to Lender and that obligates ths tnnat~roe to ksep ~11 the promisss and a~roements made in the Note
and in this Security Inatrument BoROwsr will conttnus to be obfipated u~der the Note and this Security Instrument
unless Lender releases BorroMrer in writina
It Lender exerciaea the option to requirs immediate payment in ful~ Lendar shail qive borrower notice of
acceieration. The notice shall provide a psriod of not bss than 30 days from the dats the notice is deiivered or '
mailed within which bonower must pay aii suma secured by this Security fnstrument tf borrower fails to pay these ~
sums p~ior to the expiration of this pe~ioc~, Lender may lnvoke any remedles permittad by this Securiry instrument
without iu?ther notlce u~ ue~~~r.: on °1arrower.
BY SIGNING BELOW, Borrower accepts and aq~ees to th tenri and na contained in this
Adjustable Rate Fiider.
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KEV N A WALKER •Borrower
C~C-! .~i~~E~~i~'AL . . . . . . . . . . . . . . . . . . (Ses~ ~
~ELIZ ETH J. KER ~ -eorrower
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