Common use of UNIFORM SECURED NOTE Clause in Contracts

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust or Security Deed (the “Security Instrument”), dated the same as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these conditions are described as follows: To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies by this Security Instrument without further notice or demand on Borrower. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: To If all or any part of the extent permitted by applicable lawProperty or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without ▇▇▇▇▇▇’s prior written consent, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep immediate payment in full of all the promises and agreements made in this Note and in sums secured by this Security Instrument unless Instrument. However, this option shall not be exercised by Lender releases Borrower in writingif such exercise is prohibited by Applicable Law. If Lender exercises the option to require immediate payment in fullthis option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower ▇▇▇▇▇▇▇▇ fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Mortgage Deed, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which that might result if I do not keep the promises which I made make in this Note. That Security Instrument also describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: To If all or any part of the extent permitted by applicable lawProperty or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without ▇▇▇▇▇▇’s prior written consent, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep immediate payment in full of all the promises and agreements made in this Note and in sums secured by this Security Instrument unless Instrument. However, Lender releases Borrower in writingwill not exercise this option if such exercis is prohibited by Applicable Law. If Lender exercises the option to require immediate payment in fullthis option, Lender shall will give Borrower notice of acceleration. The notice shall will provide a period of not less than 30 days from the date the notice is delivered or mailed given in accordance with Section 16 within which Borrower must pay all sums secured by this Security Instrument. If Borrower ▇▇▇▇▇▇▇▇ fails to pay these sums prior to to, or upon, the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. WITNESS THE HAND(SBorrower and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) AND SEAL(Sreasonable attorneys’ fees and costs; (b) OF THE UNDERSIGNEDproperty inspection and valuation fees; and (c) other fees incurred to protect ▇▇▇▇▇▇’s Interest in the Property and/or rights under this Security Instrument.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: To If all or any part of the extent permitted by applicable lawProperty or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without ▇▇▇▇▇▇’s prior written consent, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep immediate payment in full of all the promises and agreements made in this Note and in sums secured by this Security Instrument unless Instrument. However, this option shall not be exercised by Lender releases Borrower in writingif such exercise is prohibited by Applicable Law. If Lender exercises the option to require immediate payment in fullthis option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower ▇▇▇▇▇▇▇▇ fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.