HomeMy WebLinkAbout0969 B. TRAN8FER OF THE PROPERTY OR A OENEFICfAL INTEREST IN BORROWER
Unifo~tn covenant 17 of the Security ir?strum~nt Is ~mendsd to rs~d as fdlowx ;
Tansf~~ ot th~ p~ ~r i d~n~Naial inbnst in Sotrow~r. !f a!I or any psrt of the Property or any ;
intereat in it is sofd or transtsrrad (or if a beneficla! intsrott !n 8orrowsr ~ sold or transferrod and 8orrower is not a i
natural persora wlthout Lendef s p?br ~writtsn oo~as~R Lendsr may~ at its optior~ requirs immediate payment in fuil Z
of all sums eecured by this Security Instrument Howsvsr, thls optiOn ahail not be exsrct~ed by Lender if exa~ciae ia f ~
prohibited by federal iaw as of the date of this 3ecu~ity Instrument Lender alao ahall not exe?+cise this option if: (aa
Borrower cauaes to be submitted to Lendsr infonnation roqulrod by tender to evaluate the inianded transferee as ~
if a new loan were befn~ mader to the tran~aro~ and (b~ lsnder resaonably determines that Lenders security will
not be impeired by ths loan ssaumption and that the ~isk d a breach of any Covenant or afl~eement in this Security
instrument is acceptable to Lender.
To the extent ~~iH~i ~iy ~~it~~is ts~ Lsr~sr sr.a; chsnpe a reasonable tae as a condltion to Lender's
consent to the loa~ aasumptior?. Lertder mayalso requln ther tnnaferoe to sipn an assumption agreement that is in
acceptaWe !o Lender and that obii~tes the trensfsres to keep all the promises and aflreements made in the Note
and in this Security Instrument Borrow~r wtil continue ta bs obli~aated under the Note and this Secu~ity Inst~ument
unless Lender relea3es Borrower in writin~
if l.ender exercises the opiion to require immediate payment in fui~ Lender shall Qive boROwer notice of
acceleration The notice shal! provide a period d not less than 30 days from the date the notice is delivered o~
mailed within which boROwer must pay all sums secursd by this Secu~ity Instrument If bonowe~ faiis to pay these
sums p~ior to the expiratbn of 4his period. Lender may invoke any remediea permitted by thia Security Instrument
without fu~ther ~otice or demand on 8orrower.
8Y SIGNING BELOW. Borrower accepta and aflrees to the terms and covena~ts contained in this
Adjustable Rate Rider.
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