HomeMy WebLinkAbout0981 If Lender exercises Lhis option, L~nder sh~ll
give Borrower notice of acceleration. 'Ilie notice
shall provide a periad of not less thsn 30 days from
the date the notice is delivered or mailed within
which Borrower must pay all sums secured by this
Security InstruaneRt. If Borrow~r fails to pay these
sums prior to the expiration of this period, Lender
may invake any remedies permitted by this Security
lnstrument withcut furth~er notice or demand on
Borrower.
2. Conversion Fee
2.1. In consideration of this canversion, end as r~g uirQd by the Addendum,
BOftROR'ER egrees to pay LENDER a Conversion Fee of ; 470.63 .'il~is Fee
must be paid in cash within the tirr,e ~rame specified by LENDER.
3. Security Interest
3.1. Nothing in this AGREEMENT shall: (i) affect or impair LENDER's
security interest in, er lien priority on, the property des~ribed in the Security Ins~rument,
and/or (ii) be construed to bE a satisfaction or a partial or total re?ease of the Note or
Security Irstrument. a
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; 4. Other Loan Terms ~
~ 4.1. Except as modified by this AGREEMNENT, all other terms and '
~ conditions of tk~e Nate and Security Instrument shall remain in full fo~~ce and effect. :
4.2. 'It~is AGREEMENT shall. ~ot be deemed a waiver of LENDER's right to:
~ (i) prohibit, or restrict, any future modifications requested by BQRROWER, and/or (ii1
enforce any of its rights or remedies contained in the Note and Security Instrument.
IN WITNESS WHEREOF, LENDER and BOftROWEft have exeeuted this
AGREEMENT as of the day and year first s+vritten above.
~ CITICORP SAVINGS OF FLORIDA
A FEDERAI. SAVINGS $ LOAN ASSN.
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~ LENDER
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~ I~larlene Nova.3~ ,
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BORROWER LUCINDA L. JACK
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BORROWER
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~M-62 ~4bdification Agreement- (Rev. 6/86)
~ ~ . AAVi Gbnversion (Branch Loans)
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