HomeMy WebLinkAbout0936 ~CNELSfA :TITLF ~Obpq~?
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TRANSFER OF TH~E PfiOPER~ ~R A~ENEFICIAL INTEREST IN BOqROWER
Uniform covenant 17 of the Secunty I~strument Is smended to ~ead as followx
Tnn~f~r of the qrop~rty or i 8~n~ttclal int~r~st In 8onow~t. If all or any part ot the Property or any ~
interest in it is sold or transfe~red (4r if a beneHclai intersst in Borrower la aold or transfer~ed end Bonowe~ is not a
natu~al person) without Lenders prior written conasn~ Lsnder may~ at its optton, require immediete payment in tull
of all sums secured by thia Secu?ity Inet~ument Howevar, this optlon shsll not be exercised by Lender if exe~ciae is
prohibited by federal law as of the date of this Secu~ity Instrument Lende~ atso shalt not exercise this option if: (a)
Bo~rowe~ causes to be submitted to Lender infonnetlon required by Lender toevaluate the intended transferee as
if a new loan were being made to the tranaferee; and Lender reaaonabty determines that Lenders security will
riot b~ impa+red by the loan assumption and that the riak of a bresch of any covereant o~ agreement in this Security
lnstrument is acceptable to Lender.
To the extent permitted by appiiceble law, Lende~ may cha~e a reasonable fee as a condition to Lenders
consent to the loan assumption. Lender meyalao require the transieree ta si~n an n~umptian ~g~ea°,mnni fh~! ic if1 ~ ~
acceptabte to Lende~ artd thgt obll~atea the trenaferee to keep all the promiaes and agreements made in the Note (
and in ihis Securiry Instrument Borrowerwill continue to be obli~ated under the Note and this Security Instrument f
unless lender releases Borrower in writtng. ~
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If Lender exercises 4he option to require immedisis payment in ful4 Lender shali give borrower notice of
acceleration. The notice shall provide a period of not less than 30 ~ays from the date the notice is delivered or -
mailed within which borrower muat pay all sums secured by thia Security Instrument It borrower tails to pay these ±
sums prio? r!? the expiration of this period, lender may invoke any remedies pe~mitted by this Security Instrument
without further notice or demand on Borrower.
BY StGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Adjusiable Rate Rider. ~
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Jacque~. Belanger, unmarried man -eorrower
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-Borrower
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goo~575 p~CE 934
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