HomeMy WebLinkAbout0919 SHELSEA T{TLE COMPANY
B. TRANSFER OF THE PROPERTY OR A BENEFIGIAL INTERE8T IN SORROWER
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Unitorm covenant 17 of the Securiry Instrument Is am~nded to read es follows:
Transfsr ot th~ prop~rty o~ a 8~n~tlolai Int~at tn SoROw~r. it elt or eny part of the Property or any
interest in it is sold or tranafened (or if a bsneficlal inte~est In Borrowe~ Is aold or tranalerred end Borrower is n~t e ~
naturel peraon) wit~out Lende~a prior written conssnt, Lender mey~ at Its optlon, req~lra immedlate payment in tull ~
of all sums secured by this Secunty Inatrument Nowever, thls option shell not be axerciaed by Le~de~ if exercise is i
prohibited by federal law es of th~ date ot thla Secu~ity Instrument lender also shall not exercise this option if: (a) ;
Borrower causes to be submitted to Lander Intormatian requlrod by Lender to evaluate the intended transferee as ;
if a new ioan were being made to the tranaferee; and (t~ Lender reaaonably dete~mines that Lendefs security wiil
not be impaired by the toan assumpilon end that the ~iek of e breach of any covenant or agreement in this Security ~
Inst~ument is accepiable to Lender. ,
To the extent parmitted by appliceble law, Lender may charqe a reasonebte fee as a condition to Lenders ~
consent to the loan asaumption. lender may alao requlre the tron8feree to aiyn an asaamption agreament that is in -
acceptable to Lender a~d that abli~ates the tranaferee to keep a!I the promiaea and agreements made in the Note ?
and in this Security Inst?ument Borrower will continue to be obii9ated una~~ i~ie~ ~iuin a~~u i~ts ~oc~~ ~4~ „-„iru:rsr.!
unless lender releases 8orrower in writin~ ~
If ~ender exercises the option to require immediate payment in (uN, tender shaN give borrower notice of I
acceleration. The notice shall provide a period of not leas than 30 days from ihe date the notice is delivered or
mailed w+thin which bor~ower mus! pay a!1 sums secured by this Security Instrument H borrower fails to pay these
sums prior to the expiration of this period, Lender may invoke any rsmedies permitted by this Security Instrument
without further notice or demand on Borrower.
BY SIGNiNG BELOW, Borrower accepis and agrees to the terms and covenants contained in this
Adjustable Rate Rider.
.1~yi,c~.Y.1~... . . .t .Y.rc.~, . {Seai) i
Nicki Esther Nurley, unmarried woman orrower I
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Lola L. Neller, u~married woman •eorrower
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'88 JAN 21 R11 ~13
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BOOK ~72 PACE 71c~
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